Tue.Oct 26, 2021

article thumbnail

Allbirds IPO to Value Retailer at $2.2 Billion

Retail TouchPoints

Allbirds has filed for an IPO, with plans to sell 19.2 million shares of its stock at $12 to $14 per share. At the higher price, the sustainable footwear and apparel company could achieve a valuation as high as $2.2 billion. The company has not yet set a date for the IPO. The retailer, founded in 2015 as an internet-only seller of wool footwear, expanded into apparel in August 2019 with the addition of sustainably manufactured socks and added an activewear category in August 2021.

ATS 290
article thumbnail

Toys ‘R’ Us Australia to head up UK revival

Inside Retail

Returned children’s goods retailer Toys ‘R’ Us Australia has signed a long-term exclusive licence agreement to facilitate the return of the Toys ‘R’ Us and Babies ‘R’ Us brands to the United Kingdom. The deal, which covers both physical and digital retail, will see the business return to the UK after three years, having exited all 100 of its UK stores in 2018: resulting in the loss of more than 3,000 jobs, according to The Guardian.

Returns 279
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Old Navy Merchandising Exec: BODEQUALITY Has ‘Changed the Way We Work…Top to Bottom’

Retail TouchPoints

In 2018, Edelman research saw the rise of “belief-driven buyers” — people who said they would buy or boycott a brand solely because of its position on a social or political issue. Now, three years later and 20 months into a global pandemic, the firm has seen an even bigger shift from “Me to We.” Additionally, nearly two-thirds of consumers say they’re more attracted to brands that focus on making the world a better place.

Shopping 282
article thumbnail

Luxury Escapes overwhelmed by ‘revenge travel’ bookings

Inside Retail

Close to two years on from the closure of Australia’s borders with the rest of the world, airlines are preparing to resume flights from certain states next week and Australians are excitedly booking overseas trips. Some are jetting out to see dearly-missed family and friends in far flung parts of the world, others are simply looking to relax in a foreign place and overindulge on enough pastries and piña coladas to eradicate the memories of Zoom parties and homeschooling.

Consumer 246
article thumbnail

Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

article thumbnail

Zuckerberg Emphasizes Marketplaces and the Metaverse as he Pivots Facebook to a Younger Audience

Retail TouchPoints

Facebook will pivot to target a younger audience going forward, with an emphasis on bringing more 18- to 39-year-olds into the social media platform’s ecosystem, according to Facebook CEO Mark Zuckerberg. In a post that followed the company’s latest earnings report, Zuckerberg announced three main priorities for the company as it continues developing its services: creators , commerce and building the next computing platform.

Planning 265
article thumbnail

Coles to stock rapid antigen testing kits next week

Inside Retail

Coles and Woolworths are set to stock consumer-grade rapid antigen testing kits for sale, with Coles to stock the kits as soon as next week. According to Coles the packs will be available online and at the supermarket’s service desk in Victoria, New South Wales, Queensland, Northern Territory, the ACT and Tasmania, and are approved for at-home use in Australia.

Shipping 246

More Trending

article thumbnail

Target CEO expects strong holidays despite supply chain issues

Retail Wire

Target CEO Brian Cornell expects the retailer to put up strong numbers for the holiday selling season even if he doesn’t see a short term resolution for the current supply chain issues affecting retailers everywhere.

162
162
article thumbnail

JCPenney Names Former Levi’s, Walmart Ecommerce Specialist as CEO

Retail TouchPoints

In a strong signal that it will emphasize ecommerce to drive its rebound from a pandemic-forced bankruptcy, JCPenney has appointed Marc Rosen as its CEO, effective Nov. 1. Rosen brings more than 25 years of retail and ecommerce experience to this new role, most recently serving as EVP and President of Levi Strauss Americas at Levi Strauss & Co. As leader of the company’s Digital Enterprise Office, he drove digital strategy for one of the world’s largest brand-name apparel companies.

article thumbnail

Eclectic and surprising: Australia’s 20 coolest retailers revealed

Inside Retail

Australia’s 20 Coolest Retailers report was brought to you by Inside Retail and our valued partner, Shopify. It’s time to roll out the virtual red carpet and celebrate the release of our annual 20 Coolest Retailers in Australia list. Now in its third year, the latest list of homegrown heroes extends across categories from luxury activewear, gourmet pastries and Indigenous-led fashion to telehealth fertility, adult toys and zero waste household products.

Fashion 147
article thumbnail

Amazon warehouse workers file petition to hold union election

Retail Wire

Workers at four Amazon.com warehouses in Staten Island, NY, filed a petition to form a union with the U.S. National Labor Relations Board (NLRB). Thirty percent of 7,000 workers at the facilities must submit authorization cards in order for the NLRB to approve the vote.

ATS 130
article thumbnail

How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

article thumbnail

Consumers are wise to ‘woke washing’ – so where does that leave you?

Inside Retail

With brands increasingly engaging in social change campaigns and leveraging their influence to be “purpose-led”, the time has come to ask a couple of big questions: is this a viable strategy, and how sceptical should we be of so-called “ brand activism ”? In recent weeks alone, Ben & Jerry’s has launched a new ice-cream flavour called “Change is Brewing” to support Black-owned businesses and raise awareness of the People’s Response Act , proposed legislation to establish a new public safety

Consumer 130
article thumbnail

Ninety-six percent of Tyson workers have gotten COVID vaccinations

Retail Wire

Tyson Foods announced in August that it would require all its workers to get vaccinated against COVID-19 by Nov. 1. The company now says that 96 percent of its workforce is vaccinated with days to go to the deadline. “This is an incredible result,” wrote Tyson CEO Donnie King in a memo, “not only for our company, but for your families and our communities across the country.”.

130
130
article thumbnail

Analysis: Should retailers depend on gig workers to deliver?

Inside Retail

With recent lockdowns driving exponential growth in online sales, Australia’s last-mile supply chains have been struggling to keep pace with consumer demand. As consumers continue to opt for convenience and with Christmas just around the corner, Australian retailers are mirroring the behaviour of US, UK and European grocery giants like Albertsons, Waitrose, Sainsbury’s and Carrefour by establishing last-mile delivery partnerships with gig economy players such as Uber and DoorDash.

article thumbnail

6 Ways to Increase Impulse Buys: Online and In-Store

Wiser

Do you want your shoppers to spend more when they visit your stores? Which retailer doesn’t? One effective way to increase those basket sizes is through impulse buys—the act of making an unplanned purchase once already inside a store or browsing online. There’s a fair chunk of change to be earned through impulse buying, too. A survey commissioned by social shopping platform Slickdeals found that U.S. consumers spend an average of $276 per month on impulse buys.

article thumbnail

Forrester Report: Demystifying The Technical Functions of POS Solutions

Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.

article thumbnail

Woolworths Group pushes through “challenging” quarter, eyes Christmas trade

Inside Retail

Woolworths Group has come through “arguably the most challenging Covid quarter” of the past two years with a slight bump in sales and large movement online. The business’ first quarter results group sales grew 7.8 per cent over the same period of FY21 to $16 billion, while e-commerce operations jumped 53.5 per cent to almost $1.9 billion. According to group chief executive Brad Banducci, the business’ stores and supply chain were significantly impacted by prolonged lockdown restrictions – especi

article thumbnail

3 Reasons to use PoE Lighting

Cisco Retail

The demands of hybrid work require secure connectivity, flexibility, sustainability, and environmental health and wellness. All at once. Now this may seem daunting at first blush, but with the right network infrastructure and the right partners, you can unleash your building “super-power” to handle it all. And that super-power gets its energy with a network infrastructure powered by 90W Power over Ethernet or 90W PoE. 90W PoE opens the doors to a vast array of connected and interconnected device

Location 137
article thumbnail

Cashback goes premium: Stylerunner sisters reunite to launch Her Black Book

Inside Retail

Her Black Book is a new mobile shopping app that aims to attract price-focused Gen Z and Millennial shoppers with cashback offers, coupon codes and flash sales for premium brands across fashion, sport, accessories, beauty, homewares, kids and travel. Created by twin sisters Sali Sasi and Julie Stevanja, who co-founded activewear retailer Stylerunner together 10 years ago, the app is set to launch in November with around 500 brands, including Zimmermann, Alice McCall, Sass & Bide, Carla Zampa

article thumbnail

Driving down IT OPEX with a Webex bot

Cisco Retail

Every IT organization strives for excellence by continuously driving down their operating expenses (OPEX) while providing the best-in-class experience to their user base. Several factors affect OPEX, such as increasing IT cases that require more resources to address recurring requests. Having a focused approach to reduce cases can significantly optimize on cost and improve the efficiency of IT Operations teams.

article thumbnail

Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib

article thumbnail

Rustlers moves into ‘meat mimicking’

Talking Retail

Rustlers is set to launch a “meat mimicking” burger to “tap into the booming plant-based market”. Rustlers Meatless Maverick will be available from November in One Stop stores and the Booker Group, retailing at £2. The burger is made from pea protein and seeks to mimic the brand’s Quarter Pounder variant, complete with Rustlers “signature. This story continues at Rustlers moves into ‘meat mimicking’ Or just read more coverage at Talking Retail.

Marketing 126
article thumbnail

Sweetgreen’s new restaurant concept has no indoor seating

Retail Wire

Sweetgreen’s new 2,360-square-foot restaurant in New York’s World Trade Center has no indoor seating. “We’ve evolved our customer experience with new safety standards that focus on crowd management and minimizing contact points,” said Nicolas Jammet, cofounder and chief concept officer of Sweetgreen. “We are building our stores with the flexibility to transform throughout the day to provide our customers and team members a safe environment and keep them connected to

article thumbnail

Ipro targets convenience sector with wellness partnership

Talking Retail

Wellness drinks range Ipro has kicked off a six-year partnership with community fitness group Parkrun. The move underpins Ipro’s plans to target the convenience channel; the brand is already stocked in Spar and some forecourts, but it is now targeting independent retailers and convenience stores, alongside more forecourts foodservice, cost-sector catering, wholesale and cash & This story continues at Ipro targets convenience sector with wellness partnership.

Wholesale 122
article thumbnail

Digital ad dollars expected to boost Google’s quarterly results

Retail Wire

Alphabet Inc., the parent company of Google, is expected to post record sales growth in the third quarter driven by the growing number of companies shifting their marketing funds to digital advertising.

article thumbnail

The Personalization Playbook: 2024 Strategies

Did you know—74% of IT leaders are looking to improve their tech stack to offer better personalization? It’s impossible to ignore the importance of personalization, but it comes with challenges. How do you do it with a tight budget? What about customer privacy and the use of data? The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.

article thumbnail

Florette joins forces with social media star this winter

Talking Retail

Bagged salad brand Florette is partnering with a social media personality to launch a winter campaign. Michelin-trained chef Poppy O’Toole, known as Poppy Cooks online, will support the brand by creating a series of recipes and videos using Florette’s products, as well as competitions and excusive content, in a move designed to “inspire shoppers to.

ATS 120
article thumbnail

Uber and Carrefour launch 15-minute grocery delivery service

Retail Wire

With the launch of Carrefour Sprint, a partnership between the French grocery giant and Uber, Parisians will now be able to order their groceries and get them in as little as 15 minutes. “Over the past 18 months people have increasingly come to expect quick and reliable delivery of everyday essentials to their doorsteps,” said Eve Henrikson, regional general manager of Uber Delivery EMEA.

article thumbnail

Hasbro hit by supply chain woes as $100M in orders go unfilled

Retail Dive

Shipping costs and delays weighed on the toy maker, but revenue rises elsewhere in the business more than made up for the disruption.

Shipping 128
article thumbnail

Black-owned retailers are not cashing in on sneaker boom

Retail Wire

Black athletes and culture are widely seen as the most significant factors behind the current popularity of sneakers, but Black-owned retail businesses have not fared so well when it comes to grabbing share of this $70 billion business. “You can count us on one hand [Black-owned businesses] in the whole sneaker industry,” said Isom Lowman, who owns nine Athlete’s Foot stores.

Consumer 100
article thumbnail

How Personalized Customer Experiences Drive Retail Growth and Revenue

Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach

More and more, customers are expecting a better personalized CX. But can retailers actually deliver? Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions? Join us to gain a better understanding of the current retail landscape and learn what you can do to translate personalization strategies into practical implementatio

article thumbnail

Balenciaga debuts "raw architecture" store aesthetic at Sloane Street flagship

Dezeen

Fashion brand Balenciaga has renovated its flagship store in London , which features aged and distressed surfaces and exposed construction elements. Located on Sloane Street, a luxury shopping destination in West London, the flagship store debuts Balenciaga 's new concept for its retail locations. Top: Balenciaga has reopened its flagship store on Sloane Street in London.

ATS 113
article thumbnail

Target building new smaller store in Detroit

Retail Wire

Target plans to open a 32,000-square-foot store in Midtown Detroit in a mixed-use complex that includes 350 apartments in three connected buildings. Street level space will house Target, a bank and restaurant and cafe with outdoor seating.

Outdoor 100
article thumbnail

6 charts show the effects of Vietnam's lockdowns on supply chains

Retail Dive

Brands with high exposure to Vietnam are seeing port delays, canceled orders and slow capacity recovery after months of COVID-19 related restrictions.

116
116
article thumbnail

Cisco Partner Summit 2021 – Make Everything Possible with Customer Experience (CX)!

Cisco Retail

Co-authored by Denzil Samuels. What is possible? Everything! Cisco Partner Summit 2021 starts on November 9, 2021. All registered Cisco partners can participate and enjoy the executive insights, rich content, and special guests that are the hallmarks of our premier partner event. If you have not already done so, please register for Cisco Partner Summit 2021 and encourage your teams to do the same.

article thumbnail

Planning the Architecture of Your Modular DXP

Are you considering moving away from a monolith platform and over to composable architecture? Join experts from Google Cloud, GroupBy, and Orium as they discuss the benefits of moving to a modular digital experience platform. In this masterclass, uncover key indicators that show your brand is ready for a modular DXP, and learn how to lay the foundation for composable commerce.