Wed.Nov 17, 2021

article thumbnail

What do Today’s Consumers Really Want? #RIC21 Day One Answers the Question

Retail TouchPoints

It’s the question every retailer wants the answer to: what do consumers (and more specifically, those likely to buy their products) really want? Opening day of the 2021 virtual Retail Innovation Conference , which continues today, Nov. 17 with more great sessions, provided valuable insights into the mindset of today’s shoppers. The day kicked off with a keynote presentation by Jeff Orschell, EY Americas Practice Leader: “Bottom line for retailers is that change is still happening, consumer behav

Consumer 325
article thumbnail

Three sustainability experts weigh in on the textile waste problem

Inside Retail

Efforts to reduce the amount of textiles that end up in landfill are finally starting to gain traction amidst a broader conversation about the changes that governments, businesses and people need to make to reduce the impact of climate change. The Global Fashion Agenda estimates that 73 per cent of the world’s clothing eventually ends up in landfills.

Fashion 245
Insiders

Sign Up for our Newsletter

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

article thumbnail

Away Adds 3 Retail Vets to Fuel ‘Next Stage of Growth’

Retail TouchPoints

DTC luggage brand Away has bolstered its leadership team with three C-suite hires, following the April 2021 appointment of Co-founder Jen Rubio as CEO and the subsequent hiring of Laura Willensky as the brand’s first-ever Chief Commercial Officer. The newest members of the Away executive team are: Charles Liu joins as the company’s first-ever Chief Operating Officer, leading Away’s end-to-end supply chain and business technology teams.

Fashion 278
article thumbnail

Mosaic Brands signs $59m additional credit to power post-pandemic ‘reset’

Inside Retail

Mosaic Brands has taken on a $59 million credit facility with CommBank, following its $32 million capital raise in October, in an effort to complete a “reset” of the group after a particularly difficult trading period. Year-to-date total sales are down 6.6 per cent – an improvement on the 10 per cent fall observed in September – though online sales are up 25 per cent, and recent acquisition Ezibuy’s sales are up 19 per cent.

Shopping 241
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

Lowe’s Rolls Out Education and Services for Shoppers Looking to Age in Their Own Homes

Retail TouchPoints

Lowe’s is aiming to become a destination for aging-in-place and life-change solutions through Lowe’s Livable Home, a new platform that will offer expertise, services and products for older customers, beginning with an online and in-store education collaboration with AARP. Visitors to Lowes.com/LivableHome can access a virtual library of articles and videos that will be updated regularly with help from AARP.

Location 278
article thumbnail

Upparel set to launch textile recycling in New Zealand in December

Inside Retail

Textile recycling firm Upparel is gearing up to launch its garment collection service in New Zealand, with the business’ B2B offer set to launch on December 1 and its customer-facing solution to launch in early 2022. Upparel takes unwanted clothing and textiles from consumers and businesses across Australia. 65 per cent of the items received are fit-to-wear and are passed on to charities to help clothe the needy, while the remaining 35 per cent is assessed for upcycling into new items, or recycl

More Trending

article thumbnail

Gorman founder and creative director steps away from business

Inside Retail

After 22 years as creative director, Gorman founder Lisa Gorman is departing from her position at the company. Gorman said the decision was emotional, but that her time at the business was up, and that she wants to open opportunities for new creative endeavors. “The Gorman label has achieved a level of recognition with the Australian fashion landscape that I could not have imagined when I started out in 1999,” Gorman said.

Fashion 130
article thumbnail

Sweetening the Cookie-less Jar: What Luxury Retailers Need to Know for Future-Proof Success

Retail TouchPoints

While 80% of U.S. marketers report being very reliant on third-party cookies in digital advertising, the reality is here: cookies are going away. However, even amidst significant disruptions like data deprecation, advertising continues to perform well in today’s world, specifically in the luxury retail sector. While there is no true cookie replacement, there is an opportunity for brands to still target and reach luxury customers to have the same, if not better, impact and experience with a bran

article thumbnail

NRA asks Victorian Government for support in dealing with customer abuse

Inside Retail

As of 11:59 pm tonight only fully vaccinated Victorians are permitted to enter non-essential retail businesses throughout the state – a move National Retail Association chief executive Dominique Lamb is concerned will serve to see the already high level of customer aggression balloon without more support from the state government. Lamb is asking the Victorian Government to commit a greater police presence in high-density shopping precincts, as well as delivering the necessary resources to allow

Shopping 130
article thumbnail

Charlotte Tilbury Steps Further into the Metaverse with Virtual Group Shopping

Retail TouchPoints

Beauty brand Charlotte Tilbury has become the first retailer to debut the new Shop with Friends ecommerce functionality from Obsess , which allows groups of consumers to visit Charlotte Tilbury’s virtual Beauty Gifting Wonderland shop together in real time. “My three-dimensional virtual Beauty Gifting Wonderland is at the center of the Charlotte Tilbury metaverse this holiday season,” said Charlotte Tilbury, Founder, President, Chairman and Chief Creative Officer of Charlotte Tilbury Beauty in a

Shopping 264
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

Climate change a factor in short supplies of pies

Retail Wire

Pie ingredients like berries, honey, soybean oil and wheat are in short supply this year due to the effects of climate change on crop yields. “There is no place to run and hide from extreme weather events,” said Michael Swanson, Wells Fargo’s chief agricultural economist.

130
130
article thumbnail

Google Expands Grocery Pickup Tracking via Maps to 2,000+ Kroger Co. Stores

Retail TouchPoints

Just in time for Thanksgiving shopping, Google has expanded its grocery order tracking service in Google Maps to more than 2,000 grocery stores under the Kroger Co. umbrella, including select Kroger , Fry’s , Ralphs and Mariano’s locations across the U.S. The service first launched this summer at select Fred Meyer stores (also a Kroger Co. chain) in Portland, Ore. and is now available in 30 states.

Location 260
article thumbnail

TJX posts 14 percent gain in same-store sales

Retail Wire

TJX Companies posted a 14 percent increase in same-store sales on top of a four percent gain during the third quarter in 2020. Ernie Herrman, CEO of TJX, said the company’s earnings per share of 84 cents were “well above” its plan. “We are extremely well-positioned for the holiday selling season, and overall open-only comp store sales to start the fourth quarter are up mid-teens,” he added.

Planning 130
article thumbnail

How to ensure your order management system is ready for Christmas

Inside Retail

The Christmas season can be chaotic. Shops are busier, online sales increase and staff are stretched. On top of the usual stress, this year poses additional challenges for Australian retailers. The capping of incoming flights has put significant pressure on shipping and container costs are escalating up to four times their usual rates. Australia Post has been overwhelmed with orders, with many staff having to isolate due to Covid-19, creating delays all over the country.

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

Target posts big same-store gain and raises forecast

Retail Wire

Target posted a 12.7 percent gain in same-store sales for the third quarter, well above the 8.3 percent expected by analysts. The retailer, which saw its profit margins take a hit during the quarter, raised its annual forecast with a bullish outlook heading into the holiday season. “With a strong inventory position heading into the peak of the holiday season, our team and our business are ready to serve our guests and poised to deliver continued, strong growth, through the holiday season a

130
130
article thumbnail

Beyond beauty: Why neuroaesthetics in retail matter to the bottom line

Inside Retail

Retail is an industry driven by metrics. Decisions are rarely made without the analysis of data. It is used to evaluate a store’s performance and to inform decisions about store design. We find ourselves in a time when we have an abundance of data available to us. Designers and businesses rely on it to make informed decisions in the hope of minimising risk.

article thumbnail

Real and artificial Christmas trees in short supply

Retail Wire

Climate change and supply chain issues have cut into Christmas tree supplies this year, and yet demand is expected to pick up compared to previous years. “If you see something you like, buy it,” said Jami Warner, the executive director of the American Christmas Tree Association. “The quantities this year will be fewer than usual and of course the consumer will have to take the brunt of higher prices.

Consumer 130
article thumbnail

The Business Why’s of migration to Cisco DNA Center

Cisco Retail

It is unlikely that as a Cisco customer or person that reads blogs.cisco.com you have not seen or heard of Cisco DNA Center. While they have done an impressive job with Cisco DNA Center- the talk is often about the technical merits, intents and functions. As we talk of cross domain, I want to cross the domain from what Cisco DNA Center does to why you should move to the solution in terms of business outcomes and user experience.

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

MLPerf HPC Benchmarks Show the Power of HPC+AI 

Nvidia

NVIDIA-powered systems won four of five tests in MLPerf HPC 1.0, an industry benchmark for AI performance on scientific applications in high performance computing. They’re the latest results from MLPerf , a set of industry benchmarks for deep learning first released in May 2018. MLPerf HPC addresses a style of computing that speeds and augments simulations on supercomputers with AI.

ATS 130
article thumbnail

Achieving Symmetrical Gigabit Speeds Over Cable

Cisco Retail

Over the past 12 to 18 months, the Cable industry has been put to the test, and come out shining. As millions of people adapted to working and learning from home, cable networks held up and enabled the unprecedented transition. But the transition was not without its challenges. As more customers consumed bandwidth throughout the day, MSOs were faced with congestion upstream.

Planning 142
article thumbnail

Cadbury Dairy Milk Hot Cross Bun Bar to launch for Easter 2022

Talking Retail

Mondel?z International is to launch a cinnamon crunch flavoured Cadbury Dairy Milk Hot Cross Bun Bar for the run-up to Easter 2022. The new 110g bar will be available in cases of 18 at an RRP of £1.40. A Mondel?z spokesperson said: “Tablets are the heartland for the Cadbury brand, so this addition to the. This story continues at Cadbury Dairy Milk Hot Cross Bun Bar to launch for Easter 2022.

ATS 130
article thumbnail

McD’s and Mariah Carey team up for 12 days of free food

Retail Wire

McDonald’s will debut its “Mariah Menu” on Dec. 13, which will feature a free food item each day through Christmas with a minimum purchase of $1. “Some of my favorite memories with my kids are our family trips to McDonald’s, and of course, each of us has our go-to order,” said Ms. Carey. “Bringing together some of our favorite food from McDonald’s with my all-time favorite season is a holiday wish come true.”.

100
100
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

How e-commerce retailers stacked up in Q3

Retail Dive

A flood of DTC brands entered the public markets this year. Now, we're seeing how those companies and other online brands are holding up.

Marketing 128
article thumbnail

Moët Hennessy launches a luxury online store

Retail Wire

Moët Hennessy is debuting an online site to sell luxury wines and spirits directly to consumers. Known as Our Cellar, the site is meant to capitalize on increased demand for the company’s products since the start of the pandemic while elevating the customer experience in a manner consistent with Moët Hennessy’s image.

article thumbnail

Amazon to stop accepting Visa credit cards issued in UK from next year

365 Retail

Amazon will stop accepting payments made using Visa credit cards issued in the United Kingdom starting next year. In an email to customers, it said: ‘You can still use debit cards (including Visa debit cards) and non-Visa credit cards like Mastercard, Amex, and Eurocard to make purchases. Customers started receiving notifications earlier this week which said starting 19 January 2022, Amazon.com will no longer accept Visa credit cards issued in the UK due to the high fees charged by Visa to proce

article thumbnail

Amazon exec named Poshmark CFO

Retail Wire

Poshmark has hired Rodrigo Brumana to become its chief financial officer as of Dec. 1. Mr. Brumana joins Poshmark from Amazon.com where he was finance chief for the company’s private label business.

Finance 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

From Football to Cisco – Dreams Can Change

Cisco Retail

Goals, we all have them. But what if, after achieving you your goals, your dreams change? And how do you even reach a goal to begin with? For me, it took a lot of hard work, dedication, and persistence. But it is exactly those things that led me to becoming a Project Specialist at Cisco for our Customer Experience (CX) team. At a young age, I was built up with so much resentment.

article thumbnail

Lowe’s ups revenue forecast as demand remains strong for home projects

Retail Wire

Lowe’s expects to generate $95 billion in sales this year, up from its previous guidance of $92 billion. The retailer pointed to continued strong demand for building materials and tools as sources of optimism.

100
100
article thumbnail

“New-Style” Digital Versus “Old-Fashioned” Human Interactions

Hyken

Here’s a question, and I think I know the answer. Would you do business with an airline that didn’t offer the ability to book a ticket online, check-in online, and get your boarding pass online? . Assuming that every other airline has these self-service digital options, what if one didn’t? Would you be willing to call for a reservation, wait on hold, pull out your credit card to verbally give your payment information, and stand in line at the ticket counter to check in on the day of departure?

Fashion 104
article thumbnail

Kmart is closing its last store in birthplace of Michigan

Retail Dive

A decade ago, Kmart had more than 1,300 stores under its banner. Today it has less than two dozen — and counting.

127
127
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.