Fri.Sep 08, 2023

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5 Things That Refuse To Change In Retail

Graff Retail

Everyone always talks about how fast retail is changing. That’s true. But, what’s equally true is that some things just never seem to change. Consider these never-changing issues: Retail still isn’t viewed as a career Yes, this one is changing, albeit very slowly.

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Barneys New York Finds a New Home at Forever 21

Retail TouchPoints

Just in time for New York Fashion Week, the iconic, now defunct luxury department store Barneys New York has made its return to fashion, albeit not in a way that many of the brand’s devotees would have imagined. Fast fashion retailer Forever 21 has released a limited-edition collection featuring the Barneys brand. On the surface the collaboration might not make much sense, given that Forever 21 and Barneys hail from opposite ends of the fashion spectrum.

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Amazon Customers Lodge Class Action Over Charges for Returned Goods

Retail Wire

Amazon is facing a proposed class action lawsuit from customers who allege they were wrongfully charged for purchases that were returned on time. Four residents from different states claim that Amazon had knowledge of this systematic failure to issue refunds for timely returned items.

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Kroger and Albertsons to Sell 400+ Stores, 8 DCs to Speed Planned Merger

Retail TouchPoints

Kroger and Albertsons will sell 413 stores across 17 states and the District of Columbia, along with eight distribution centers, two offices and five private label brands, to C&S Wholesale Grocers for approximately $1.9 billion in cash. The $24.6 billion Kroger-Albertsons merger, first announced in October 2022 , had been planned with store divestitures in mind, but the specific number to be sold and their locations had not yet been determined.

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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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A Blockbuster-Era Video Law Is Being Used To Ding Big-Name Brands Like General Mills, Geico, and Chick-fil-A With Privacy Lawsuits

Retail Wire

Companies including General Mills, Chick-fil-A, and Geico are facing lawsuits under the 1988 Video Privacy Protection Act (VPPA) for allegedly passing personal information about video viewers to third parties through tracking technologies like Meta’s Pixel or Google Analytics. VPPA cases have traditionally targeted video rental providers, but now advertisers hosting marketing videos on their websites.

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Rue21 Adds New CIO to Revamped Leadership Lineup

Retail TouchPoints

Fashion retailer Rue21 is bringing a new CIO on to its revamped leadership team. Scott Saeger, who will take on the role starting Sept. 11, 2023, is joining the business after more than five years at GNC , where he led several transformational projects, including the implementation of digital sales and consulting tools for associates. Saeger’s extensive career includes leadership roles at 1-800-Flowers , Hewlett-Packard, ExxonMobil, and Laura Mercier.

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Instacart, Healthier America Organization Expand Fresh Food Program to 4 More Cities

Retail TouchPoints

Following a successful February 2023 introduction in Indianapolis, Instacart and the Partnership for a Healthier America (PHA) will expand their Good Food for All program to more than 1,100 families in four new cities: Denver; Englewood, N.J.; Milwaukee; and Washington, D.C. The program provides $50 per month in “produce credits” to families suffering from food insecurity.

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US House Panel Chair: Wider Chinese iPhone Ban Aims To Quash Apple’s Market Access

Retail Wire

China has expanded its ban on state employees using iPhones, which is viewed as an attempt to limit the market access of Western companies, according to U.S. Representative Mike Gallagher, chairman of the U.S. House panel on China. He stated that this move reflects the Chinese Communist Party’s strategy of promoting domestic champions in telecommunications.

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Let’s Move from Fast Promising to Smart Promising

Retail TouchPoints

The rise of search-based and social selling has heightened retailers’ desire to offer aggressive estimated delivery dates (EDD). In addition to a host of other factors, the ability to offer fast delivery when customers search for a product or see it in a social ad has driven many retailers to prioritize promising as a key capability of their tech stacks.

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Signet Jewelers Makes a Minor Move With Major $1.2 Billion Implications for the Jewelry Retail Industry

Retail Wire

Signet Jewelers, despite facing a decline in revenues, reported positive results in North America, where over 90% of its revenue originates, with sales down 7.1%. The company expects a continued decline in engagements for the rest of the year due to disruptions in dating behavior caused by the pandemic.

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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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Express Taps Consumer Products Veteran for CEO

Retail TouchPoints

Fashion apparel retailer Express, Inc. (EXPR) has appointed former Tyson Foods exec Stewart Glendinning as its new CEO following Tim Baxter’s resignation. In a statement, the company reported that Baxter stepping down is “unrelated to the company’s accounting or financial reporting,” which was released earlier this week and included a consolidated net sales decrease of 6%.

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Task Force Makes Arrests Amid Flash Mob Retail Crime Wave in LA

Retail Wire

A surge in flash mob robberies is sweeping across Los Angeles, causing growing concern for retailers and law enforcement. A dedicated task force, comprising the LA Police Department, LA County Sheriff’s Department, and federal agencies, has been assembled to combat this rising trend. Recent incidents include over 30 masked robbers stealing more than $100,000 worth.

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Wilko: Aldi could take over stores and hire ex-staff amid expansion drive

Retail Gazette

Aldi could begin employing workers from ­collapsed retail chain Wilko and take over its stores as part of its ­ongoing store expansion drive. The German grocer is set to create more than 20,000 jobs as it targets another 500 store openings to take the total to 1,500 sites. Speaking to the Mirror, UK and Ireland chief executive Giles Hurley said it could use Wilko stores and employ its old staff.

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Nestle Buys Brazil Chocolate Maker Kopenhagen, Local Media Report

Retail Wire

Nestle is set to acquire the Brazilian chocolate brand, Kopenhagen, along with its subsidiary, Brasil Cacau, according to reports from local media. The deal is estimated to be worth around 3 to 4.5 billion reais ($602.78 to $904.18 million). This acquisition comes approximately three years after Advent International, a U.S. private equity firm, gained a.

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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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CenterSquare Purchases 105,785-Square-Foot Retail Center in Wilmington, North Carolina

Shopping Center

Wilmington, N.C. — CenterSquare has purchased The Forum, a 105,785-square-foot retail center located in Wilmington. The property was fully leased at the time of sale. Tenants include Dunkin’ Donuts, Jimmy John’s,… The post CenterSquare Purchases 105,785-Square-Foot Retail Center in Wilmington, North Carolina appeared first on Shopping Center Business.

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Walmart Changes Starting Pay Structure for Entry-Level Store Workers

Retail Wire

Walmart is implementing changes to its hourly starting wage structure for entry-level store workers in an effort to manage costs in a slowing job market. The alteration means that various store positions, including cashiers, personal shoppers, and stockers, will now have the same starting wages based on the store’s location.

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The New Normal is Here with Secure Firewall 4200 Series and Threat Defense 7.4

Cisco Retail

What Time Is It? It’s been a minute since my last update on our network security strategy , but we have been busy building some awesome capabilities to enable true new-normal firewalling.

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How 2 lifestyle brands are creating a seamless unified customer journey

Retail Customer Experience

American retail brands Filson and Shinola were wrestling with more than a few challenges in creating a seamless customer experience and found a solution with NewStore's platform.

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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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NRF acquires Reverse Logistics Association

Retail Dive

“RLA’s reverse logistics expertise will help our members to ‘close the loop’ and accelerate the emergence of the circular economy,” NRF CEO Matthew Shay said.

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Marks & Spencer and The Save Mart Jump on AI-Powered Tech Stack

RIS News

These two retailers are the latest to transform their tech stacks with artificial intelligence-powered capabilities.

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The Weekly Closeout: RH wants to restore iconic Miami Beach property, Banana Republic sells furniture

Retail Dive

RH submitted a proposal to “reimagine and restore” One Ocean Drive, while the Gap Inc. brand launched BR Home.

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Prepare for Managed Services Growth

Cisco Retail

Capturing your share of the massive Managed Services Provider (MSP) market means making the most of every opportunity.

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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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Express CEO Tim Baxter resigns

Retail Dive

Stewart Glendinning, who comes to the retailer from Tyson Foods, has been appointed to the chief executive role.

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Spar begins search for new managing director as Louise Hoste departs

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! After four years as managing director of Spar UK, Louise Hoste has decided to pursue fresh challenges and will leave SPAR on 8th September 2023. Louise joined Spar UK in September 2019. In 2020 she successfully helped steer the business and the convenience industry through the Covid-19 pandemic.

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Hanna Andersson launches loyalty program

Retail Dive

Hanna Rewards marks the 40-year-old brand's first foray into loyalty, giving customers perks such as exclusive sales and redeemable points each time they shop.

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Gourmet Danish confectionery brand launches two new London stores after rising UK demand

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Gourmet Danish confectionery LAKRIDS BY BÜLOW has announced the launch of its first permanent UK stores in London’s Canary Wharf and Monmouth Street, in the Seven Dials district. Liquorice lovers are able to purchase the full range and limited edition LAKRIDS LOVERS flavours at the new store opening in Cabot Place, Canary Wharf Shopping Centre, […]

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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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Walmart lowers starting wage for some store workers

Retail Dive

Newly hired employees who stock shelves or fulfill online orders are no longer being offered an extra dollar per hour.

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Motatos exits UK due to ‘tough’ market conditions

Retail Gazette

Online discount grocer Motatos has shut down its store in the UK just one year after launching in June 2022 due to what it described as ‘tough’ market conditions. The grocery business, dubbed the “Swedish Lidl,” sold ambient food and fast moving consumer goods to shoppers, which it claimed were 60% cheaper than the recommended retail price.

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Princess Polly opens first US store

Retail Dive

The apparel brand's new store in Los Angeles will host events and marks a milestone in its global expansion.

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NRF Acquires Reverse Logistics Association 

Shopping Center

Washington, D.C. — The National Retail Federation (NRF) has acquired the Reverse Logistics Association (RLA), a global trade association for the returns and reverse industry. “Retailers understand the importance of sustainability… The post NRF Acquires Reverse Logistics Association appeared first on Shopping Center Business.

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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