Tue.Jan 16, 2024

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NRF Gen Z Panel: A Group Defined by its Contradictions

Retail TouchPoints

If you want to understand Gen Z (and that’s pretty important for any business that wants to grow), you have to understand the dichotomies that define this generation. To take just one pair of juxtaposing facts, Gen Z is indeed digital-first — but they do value the in-store experience, especially if the retailer can deliver “in-person experiences that can be differentiated by allowing for personalization and self-expression,” according to Lindy Li, Head of Customer Activation and Marketing at H&#

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‘Credential stuffing’: retailers, thousands of customers hit by new cyber fraud

Inside Retail

Several major Australian retailers and their customers have been targeted by wide-scale coordinated cyberattacks that stole their online information and made fraudulent transactions. Cybersecurity company Kasada recently revealed that cybercriminals have compromised more than 15,000 customer accounts of Mexican fast food chain Guzman y Gomez, liquor retailer Dan Murphy’s, streaming service Binge, home shopping network TVSN and Event Cinemas since November.

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The Incredible Growth of AI and Its Impact on Jobs

Retail Wire

The remarkable development of AI is not without some serious repercussions. A recent analysis by the reputable International Monetary Fund (IMF) indicates that nearly 40% of all jobs could be impacted by AI.

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Uniqlo sues Shein over copycat bag design

Inside Retail

Fast Retailing said its Uniqlo unit filed a lawsuit in Japan against the operators of Shein, claiming the Chinese fashion company copied its round mini shoulder bag. The petition was filed on December 28 in the Tokyo District Court against Roadget Business Pte, Fashion Choice Pte, and Shein Japan, Fast Retailing said in a statement. The Japanese company is seeking “immediate cessation of sales of the imitation products and compensation for damages incurred,” it said.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Costco Trials Membership Verification Before Entry

Retail Wire

Costco Wholesale is currently exploring new ways to ensure the exclusivity of its membership. The experiment involves scanning membership cards at the entrance of warehouses.

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Offbeat Harvest leverages “imperfect” produce to solve food waste issue

Inside Retail

Alex Dask, founder of Offbeat Harvest – an innovative online grocer selling cosmetically imperfect but fresh produce, has shared some insights on the discrepancy between consumer perceptions and business practices. According to Dask, Aussies are wasting nearly 25 per cent of all vegetables and fruits because of their odd shapes or sizes, which do not meet the retailer standards.

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More Trending

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Is Woolworths leading industry change by not stocking Australia Day merch?

Inside Retail

Woolworths Group’s announcement earlier this month that it will no longer sell Australia Day-themed merchandise for the upcoming national holiday due to “a decline in demand” has been met with praise by supporters and calls for a boycott by critics. But will it lead to widespread industry change, or dissuade other retailers from speaking out about January 26?

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Build-A-Bear Enhances Shopper Journey by Delivering Relevant Customer Data to Associates’ iPads

Retail TouchPoints

Build-A-Bear Workshop has deployed a new cloud-native, mobile-first POS and customer engagement solution in 450 stores across the U.S., Canada and the UK, with plans to roll out the technology in additional geographies over the next year. The Jumpmind technology is helping make the unique shopper journey more seamless and enriching for both shoppers and associates.

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Sisters that slowed down fashion with carbon-neutral footwear brand Twoobs

Inside Retail

Jess and Stef Dadon celebrated the opening of their planet-conscious, carbon neutral, vegan and recyclable footwear brand Twoobs’ first retail store in the mecca of sustainability and conscious consumption that is Byron Bay last month. The once jet-setting duo spoke to Inside Retail about how different starting a successful retail business was in comparison to launching careers in fashion after experiencing almost instantaneous success with their platform ‘How to Live’, that amassed over 100,00

Fashion 264
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Retail Branding: Strategies for Building a Strong Identity

Tokinomo

In the busy world of shopping and stores, retail branding is really important. It's not just about having a cool logo or a catchy slogan. Retail branding is all about mixing online and in-store strategies to stand out. It helps a store or brand connect with people, build trust, and keep customers coming back.

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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.

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Wasted cash: Australians sitting on $1.4 billion worth of unused gift cards

Inside Retail

Approximately $1.4 billion worth of gift cards are being left untouched by consumers nationwide, a survey by financial comparison site Finder has revealed. One in three (35 per cent) of the 1039 respondents said they have at least one unused gift card, including 24 per cent who have two or more. Nearly 18 per cent said the gift card expired before they could use it, while 5 per cent lost it.

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Samsonite Rolls Out Mobile-Driven Point-of-Service Across Europe

Retail TouchPoints

Samsonite has implemented a new mobile-driven experience across its European stores, powered by Oracle Retail Xstore Point of Service and implemented by Oracle Retail Consulting. The technology adds to Samsonite’s growing tech stack, which includes Oracle Retail Xstore Office and Oracle Retail Order Broker Cloud Service. These solutions are built on Oracle Cloud Infrastructure (OCI) to help streamline and centralize Samsonite’s back office operations while also empowering store employees.

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Day three at NRF: Unpacking retail’s global future

Inside Retail

On the third and final day of the National Retail Federation’s conference , Retail’s Big Show, attendees packed in a few more presentations and last-minute insights from retail’s established and emerging leaders. Panels on “Global forces shaping the retail business landscape,” moderated by Andrea Bell, vice president of consumer insights at WGSN, and “The Vogue Business Index: Luxury’s new global gateways,” moderated by Anusha Coutiggane, head of advisory at Vogue Business , were particularly en

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Google Shopping Ads, Metaverse in Retail, and Holiday Spending - Weekly Snacks #87

Tokinomo

Campaign corner Just like winning. In the run-up to the Super Bowl LVIII, Frito-Lay's NFL playoff campaign features three NFL veterans and numerous fans to suggest that enjoying fresh packs of Lay’s, Ruffles, Doritos, or Cheetos, collectively branded as “The Official Chip of Super Bowl LVIII” (even though Cheetos are technically puffs), feels akin to experiencing the triumph of winning the Super Bowl.

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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.

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Quiksilver, Uluu team up to launch wax combs made from seaweed

Inside Retail

Surf brand Quiksilver has partnered with sci-tech company Uluu to launch plastic-like wax combs made from seaweed. Uluu claims that its wax combs, used for maintaining and removing surfboard wax, do not release microplastics into the environment. The wax comb is made from Uluu, the company’s namesake product, which comes from seaweed that went through a fermentation process similar to brewing beer. “Having a plastic-like natural material that’s durable, yet recyclable and compo

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Apple To Remove Pulse Oximeter From Watches To Prevent Ban

Retail Wire

Apple is removing the blood oxygen measurement function, which was integrated into two of its watch models, to avoid a ban on sales of the devices in the U.S. due to a patent violation issue.

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“Redefining what it means to step foot in a toy store”: Toys R Us GM

Inside Retail

Global retailer Toys R Us has opened its 12th store in Singapore, unveiling a dynamic play destination at the iconic Jewel Changi Airport, which is known for its Rain Vortex, captivating garden spaces and an impressive array of shops. Spanning 9,000 square feet, the new store represents a first-of-its-kind collaboration between Toys R Us and Kiztopia, Singapore’s mega-indoor kids’ edutainment playground.

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Why Champagne Sales Are Down in the US

Retail Wire

Champagne sales significantly dropped in 2023 after a few record-breaking years of sales brought on by the end of the lockdowns from the COVID-19 pandemic.

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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.

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FWO starts legal action against United Petroleum outlets

Inside Retail

The Fair Work Ombudsman is going to court over alleged underpayments of workers at three United Petroleum outlets in Tasmania and South Australia. The FWO alleges four migrant workers at Tasmania’s Sandy Bay and Kingston outlets were underpaid a total of more than $20,000. It alleges they were paid flat hourly rates between $16 and $23 for a fixed number of hours per week, and not paid for extra time worked.

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Diamond Retailer De Beers Cuts Prices as Lab-Grown Gems Dominate

Retail Wire

Diamond retailer De Beers has recently cut prices due to a significant drop in sales. This trend is driven by frugal would-be spouses who are increasingly choosing less expensive, lab-grown diamonds over their natural counterparts.

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How family furniture firm District is bringing modern design to the masses

Inside Retail

The head of the next-generation design brand discusses how his family business, a small hospitality supplier in the back streets of Perth, grew to be a vanguard in importing iconic contemporary designed products for homes and businesses. Inside Retail : District started as Table and Chair, your family wholesale business, and rebranded when you became the CEO.

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Washington Attorney General Challenges Kroger Albertsons Merger

Retail Wire

The Washington Attorney General has launched a legal challenge against the merger of Kroger and Albertsons, the two leading supermarket chains in the U.S. This $24.6 billion mega-deal has been in the spotlight due to its potential impact on food retail competition.

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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

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Essential Knowledge for Streamlining Your Retail Store Audit Process

Wiser

A well-executed retail audit can reveal important data about the shelf, staff performance, and customer experience. This data can be instrumental in making informed decisions to drive your sales and enhance your brand reputation. However, harnessing and interpreting this data can be a challenge without the right tools and expertise. This is where Wiser’s Retail Intelligence can play a pivotal role.

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Big in 2024: The trends Iceland, Primark, The Co-op and Matalan bosses are backing

Retail Gazette

In 2023, the cost-of-living crisis persisted, weighed down by soaring inflation and economic uncertainty. As we enter the New Year, Retail Gazette asks the sector’s leaders what big trends they think will shape retail in 2024. Paul Marchant, CEO, Primark Inflation may be easing, however, Primark boss Marchant believes that value will remain top priority for customers and he says the chain is “well placed to meet this demand” The Primark chief also predicts we will see “an accel

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Whataburger Opens 1,000th Restaurant With Atlanta Celebrations

Retail Wire

In an exciting new development, Whataburger is now serving its burgers and fries in its 1,000th restaurant.

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“We Deliver Amazing Customer Service”: The Difference Between Perception and Reality

Hyken

This is an important topic that every CEO, business owner, leader, manager, and supervisor must understand. When it comes to customer service and customer experience (CX), there is a difference between perception and reality. First, how we think our customers perceive our customer service and CX is often not the reality. It’s just our perception. Reality isn’t what we think or believe.

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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.

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Uber Shuts Down Its Alcohol Delivery Service

Retail Wire

The popular delivery service is shutting down its standalone alcohol ordering company.

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Frasers Group to transform Kent store into multi-brand flagship

Retail Gazette

Mike Ashley’s Frasers Group is set to create a new multi-brand store in Kent at Fremlin Walk. The new agreement will see the retail giant fully refurbish its current 101,921 sq ft unit into a flagship featuring several of its well-known brands under one roof including Flannels and Sports Direct. In preparation for the transformation, the current House of Fraser store at Fremlin Walk will temporarily shut its doors from 30 March, with a reopening scheduled for Autumn 2024.

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LOGIC Commercial Real Estate Brokers Sale of Emerald Island, Rainbow Club Casino in Henderson, Nevada

Shopping Center

Henderson, Nev. — LOGIC Commercial Real Estate has arranged the sale of Emerald Island and Rainbow Club Casino in downtown Henderson. An affiliate of ECL Water Street LCC, a Las Vegas-based… The post LOGIC Commercial Real Estate Brokers Sale of Emerald Island, Rainbow Club Casino in Henderson, Nevada appeared first on Shopping Center Business.

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Aldi slashes price of over 40 popular products

Retail Gazette

Aldi is lowering the prices on more than 40 of its most popular grocery products as it looks to support shoppers feeling “squeezed” post-Christmas. From tomorrow (17 January) the discounter is reducing the prices of commonly-bought products – including coffee, tinned soup and pet food – by up to 17%. Products in the campaign include Fishmonger Tuna Chunks in Springwater, Bramwells Premium Baked Beans, Spaghetti Loops and Tomato Soup.

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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