Mon.Oct 31, 2022

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GameStop Accelerates Transformation into Tech Business with NFT Marketplace Launch

Retail TouchPoints

GameStop ’s highly anticipated NFT marketplace is now live, offering GameStop players and Powerup Pro loyalty customers in the U.S. access to Web3 games and millions of NFT gaming assets. After rocketing to meme stock status during the pandemic, GameStop’s wild ride has continued in 2022 as the company’s new leadership team sets out to transform the video game retailer into a “technology business and help create enduring value for stockholders.

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Five retailers share their expectations for peak season

Inside Retail

For many Australian retailers, the start of November marks the beginning of peak season and all that comes with it: packed stores, products flying off the shelf, big discounts and major online shopping events. The next eight weeks are going to be make-or-break for some businesses, and they have been preparing for it all year. But the latest interest rate increase from the Reserve Bank of Australia on Tuesday is threatening to spoil the party.

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How Spirit Halloween Takes the Fright out of Operating Thousands of Pop-up Stores Each Year

Retail TouchPoints

The Spirit Halloween business model relies on thousands of short-term leases of brick-and-mortar stores every year for its largest selling season. But with the wide variety of store spaces available, how does the retailer offer a consistent experience to customers? “All Spirit Halloween stores follow a common design blueprint that is then adjusted to fit each specific retail space ,” explained Nikki Balles, Corporate Director of Public Relations and Communications at the retailer and its parent

Location 274
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Analysis: where employers are wrong about Labor’s industrial relations bill

Inside Retail

Labor’s proposed amendment to the Fair Work Act (subtitled its Secure Jobs, Better Pay bill ) has drawn fire from Australia’s three leading employer groups: The Australian Chamber of Commerce and Industry says it will create more strikes and unemployment. The Australian Industry Group says it threatens decades of national prosperity and will turn workplaces into conflict zones.

Returns 245
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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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Ross Stores Opens 40 New Locations, Fulfilling FY22 Growth Plans

Retail TouchPoints

Ross Stores has opened 28 Ross Dress for Less and 12 dd’s DISCOUNTS locations across 21 states during September and October, meeting its forecasted growth of opening nearly 100 stores during FY 2022, which ends Jan. 28, 2023. The recent openings bring Ross’ store totals to 2,019 Ross Dress for Less and dd’s DISCOUNTS locations in 40 states, the District of Columbia and Guam.

Location 258
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Flight Centre to reopen 35 stores as travel demand soars

Inside Retail

Trans-Tasman travel company Flight Centre is set to reopen 35 retail stores from hibernation with a nationwide recruitment drive planned to fill vacancies. Flight Centre’s GM for Australia, Brent Novak, said the reopening will particularly help customers in regional areas who rely on face-to-face consultations for travel purposes. “At a time when regional and suburban communities in Australia are witnessing services such as banking and telecommunications closing branches and becoming available o

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“We’ve seen an explosion”: HiSmile talks taking teeth whitening global

Inside Retail

After eight years as a pureplay DTC operation, Gold Coast-based oral care brand HiSmile has launched across 10,000 retail locations in Australia, Europe, the US and UK – and has partnerships to push that number to 20,000 in early 2023. Locally, the business is available in Coles, Terry White Chemmart, Sephora and Myer stores around the country. Internationally it will be available in Walmart and CVS in early next year, and can already be purchased in Galeries Lafayette in France.

Marketing 244
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Reports: Combined Starbucks/Amazon Go Store Seeks Unionization; Amazon CEO Faces NLRB Complaint

Retail TouchPoints

The unionization pushes at Starbucks and Amazon are poised to converge: the combined Starbucks and Amazon Go store in Manhattan reportedly filed a petition for a union election with Starbucks Workers United, according to CNBC. Additionally, the National Labor Relations Board has filed a complaint against Amazon CEO Andy Jassy regarding the potential violation of labor law in remarks discussing the company’s stance on unionization in interviews with CNBC and Bloomberg.

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Diwali deep dive: Rural online shoppers powering India’s festive season

Inside Retail

India’s biggest festive season Diwali has just ended, and the standout trend from this year’s event is the participation of rural online shoppers in growing e-commerce sales across the country. Following two years of a lull due to the pandemic, Indian retailers across sectors were betting big on this season to bring cheer to the otherwise sluggish economic scenario.

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The growing conscience of the fashion-conscious: Sustainability and authenticity become key considerations for UK fashion shoppers

Retail Focus

UK consumers are increasingly rating sustainability and brand authenticity as key consideration factors in their fashion buying decisions, the latest research from Centra, the headless commerce platform for fashion and lifestyle brands, reveals. Original research of over 2,000 UK shoppers in Centra’s latest report How your brand can capture its full potential globally showed that while the product itself rated was the top consideration for 50% of consumers, key brand values, including fashio

Fashion 130
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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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Vicinity Centre CEO and MD Grant Kelley to retire

Inside Retail

Grant Kelley is to retire as the CEO and MD of Vicinity Centres after five years in the role. Vicinity’s chairman, Trevor Gerber, said Kelley has multiple achievements and contributions under his belt including a major asset recycling program that “transformed the quality” of Vicinity’s retail asset portfolio. “Grant successfully led Vicinity through the significant and unprecedented challenges of the pandemic while at the same time, ensuring the company was well-positioned to deliver on its lon

ATS 130
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VillageMD exploring merger with Summit Health

Retail Wire

VillageMD, which is controlled by Walgreens Boots Alliance, is in talks about a possible merger with Summit Health, the parent company of CityMD. Walgreens plans to open 1,000 VillageMD clinics inside its stores by 2027.

Planning 130
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Activating consumer support for the circular economy, and your brand

Inside Retail

Against the backdrop of rising costs, supply chain issues and extreme weather events, more consumers are re-examining their consumption and waste habits. Moreover, they are calling on businesses to play a more active role in exchange for their support. CommBank’s latest Consumer Insights Report – Circular Economy: The impact of business-led action on future consumers, highlights the shared value consumer businesses can create by providing avenues for customers to reduce waste.

Consumer 130
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Truckers say freight demand is falling off

Retail Wire

Large freight companies are seeing a decline in demand as overstocked retailers pull back on product orders. “The fourth quarter is generally the peak of the holiday shipping season,” said David Yeager, CEO of Hub Group.“However, judging by the feedback from our clients, this peak will be muted versus historic norms. Beyond 2022, we do acknowledge the potential for a continued softening economy.”.

Shipping 130
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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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How an NBA All-Star is helping to boost Kicks Crew’s street cred

Inside Retail

Global online sneaker store Kicks Crew has always had a knack for engaging with its target audience in unique yet contemporary ways, and its latest partnership with NBA All-star Damian Lillard is a case in point. Lillard has just become an equity investor in the platform and face of the brand, beginning with a community-focused visual campaign and in-app digital experience.

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Halloween candy prices are downright scary

Retail Wire

Halloween candy prices are estimated to be a record 14 percent higher this year compared to 2021. The previous highest year-over-year jump was seven percent in 2008, according to Akshat Goel, senior economist at S&P Global Market Intelligence.

Marketing 130
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Why do people remain loyal to a brand? Here are five key reasons

Inside Retail

Brand loyalty is hard-won and never a sure thing. Shoppers may appear to be loyal but often they remain with brands out of inertia, time poverty, or because there is no glaring reason to change. Loyalty is precarious. Many customers are just a hair’s breadth from reconsidering their choices. Even the loyalty of those who have remained with a brand for years is up for debate.

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H&M puts sustainability, experiential services and customer experience at the heart of their new Angel Central store

Retail Focus

H&M Angel Central “ will create a welcoming, modern and meaningful shopping experience where style, creativity and culture are celebrated,” says H&M UK & IE Expansion Manager, Christopher Clare. “Through introducing new services, like click and collect lockers and self-service checkouts, we hope to create a seamless customer experience within our Angel Central store.”.

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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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7 Tips to Aid Your Business Growth & Increase Revenue

Wiser

Most companies prioritize increasing sales and revenue wherever they can. It only makes sense, as revenue is a key factor in the success and growth of your business. But this is easier said than done. If it was simple, then every company’s profits would be through the roof. One of the best ways to ensure a revenue boost is to focus on your customers.

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Weed brand sued for selling weak joints

Retail Wire

The Jeeter brand sold pre-rolled joints promoted as having high levels of THC. The company is being sued after customers said that the joints had lower levels of THC than claimed. Jeeter is refuting the claim, saying that it meets all California state-mandated testing requirements.

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3 retail deals that went awry this year

Retail Dive

Financial deals didn’t fall apart, necessarily, but rather went in a direction that many analysts (and onlookers) weren’t expecting.

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H-E-B continues North Texas expansion

Retail Wire

H-E-B plans to open its first store in Fort Worth, TX, in 2024. The store will be the second that H-E-B has confirmed it will open in Tarrant County. The grocer is aggressively expanding in North Texas. It operates a Central Market in Fort Worth, an H-E-B in Frisco and will open another in Plano on Wednesday.

Grocer 100
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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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Small retailers again struggling to pay rent

Retail Dive

More shop owners are having trouble, a reversal from last month and a return to July’s higher delinquency rate, according to an Alignable report.

Returns 107
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Workers at combo Starbucks/Amazon Go store to vote on union

Retail Wire

Workers at a location in Manhattan that combines a Starbucks with an Amazon Go convenience store have filed a petition for a union election. It’s the first Starbucks store that uses Amazon’s cashierless technology where workers are lobbying for a union. There are seven Starbucks in New York City that have unionized.

ATS 100
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Holiday hangovers: Can retailers clear out their inventory piles as the season ramps up?

Retail Dive

After declarations about “decisive” actions to clear excess goods earlier this year, levels are still high and markdowns rampant.

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Kohl’s upping cash back rewards for Black Friday week

Retail Wire

Kohl’s will offer $15 cash back for every $50 spent between November 20 and 25. That’s up from the chain’s typical $10 reward. “Our customers have made it clear that value is more important than ever this season,” said Christie Raymond, Kohl’s chief marketing officer. “That’s why it was incredibly important to us to offer savings events that not only give customers the choice of when to shop, but the confidence in knowing they are getting a great value o

Shopping 100
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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

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Announcing MuleSoft Anypoint Studio 7.14 With Enhanced Usability and CloudHub 2.0 Support

Mulesoft

With Dreamforce 2022 now in our rearview mirror, we’re gearing up for the end of the year. Outside of all the amazing people, informative sessions, and magical experiences came a lot of big announcements. We’re excited to say that the announcements are not done yet. As of today, MuleSoft is excited to announce the general […]. The post Announcing MuleSoft Anypoint Studio 7.14 With Enhanced Usability and CloudHub 2.0 Support first appeared on MuleSoft Blog.

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Superheros become branding stars for grown-up products

Retail Wire

Superheroes are not just for kids. Vitamin Shoppe in partnership with Warner Bros., which owns DC Comics, is selling products including Batman Gotham City Grape BodyTech Elite micronized creatine monohydrate and the Flash Lightning Lemonade BodyTech Flash Point pre-workout product. “We are hoping that if customers can relate to the superhero on the label, it will help demonstrate what the product can do for them,” said Sharon Leite, CEO of The Vitamin Shoppe.

ATS 100
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Introduction to Automation: 3 Ways to Get Started

Mulesoft

The Jetsons inspired robot obsessions for many of us. It was Rosey, the head of the household, that created the vision of automated help. Today, Roomba, Rosey’s grandson, helps with vacuuming our homes. Automation is critical in our daily lives. The dictionary says automation means “the use of machines and computers to do work that […]. The post Introduction to Automation: 3 Ways to Get Started first appeared on MuleSoft Blog.

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November Retail Industry Insights

Independent Retailer

November is already here, can you believe it? Before you know it, the holidays will be over and retailers will be making preparations for spring and summer sales. We have two more months before the end of the year hits, and Wholesale Central still has plenty of tips to help brands make it through the busiest buying season. Recent data from Deloitte predicts that holiday sales will total $1.45 to $1.47 trillion this season.

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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.