Mon.Jan 29, 2024

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Identifying the best local delivery provider for your business

Retail Dive

Building and scaling local delivery can be challenging. So how are retailers solving this problem? Through partnerships!

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Retail sales slightly up in December as shoppers shifted spend to Black Friday

Inside Retail

Australian retail sales increased minimally last December as more consumers opted to purchase on Black Friday in the prior month, reflecting cost of living pressures. Australian Bureau of Statistics (ABS) data showed that shoppers spent $35.1 billion in December, up 0.8 per cent year over year. “Today’s retail trade figures confirm that Australian consumers pulled forward much of their Christmas spending to November’s Black Friday sales,” said Anneke Thompson, chief econo

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Elon Musk To Set up New Content Moderation Hub in Texas

Retail Wire

Austin, Texas, stands strong as a technology and innovation hub, and Elon Musk is adding more power to the region with his plans to set up a content moderation center for X.

Planning 289
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Godfreys collapses into administration, to shut stores and cull staff

Inside Retail

Trans-Tasman vacuum retailer Godfreys has collapsed into administration and is expected to shut down 54 stores as well as cull 193 jobs. The 93-year-old company has appointed Craig Crosbie, Robert Ditrich and Daniel Walley from PwC Australia as voluntary administrators. “Sadly, like many retailers, we have been heavily impacted by consumer confidence and spending due to the economic era of high inflation, rising interest rates, and intense cost-of-living pressures,” said Jane Allen, daughter of

Consumer 277
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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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Challenging the Way Retailers Think About Traffic Counting

Retail TouchPoints

I’m sure you’ve heard the expressions, “what goes around comes around,” and “what’s old is new again.” These are certainly applicable to what we’re seeing in the retail industry right now. No, I’m not talking about the revival of the 90’s poorest fashion choices. We’re seeing a resurgence of retailers placing focus back on their physical stores.

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Reddit Estimated at $5B Valuation in the Social Media IPO Market

Retail Wire

Reddit is preparing to go public, eying a significant valuation of at least $5 billion. With plans to make the move this spring, this development has generated buzz within the investment community.

Marketing 246

More Trending

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Emma Lewisham credits her skincare brand’s success to never compromising

Inside Retail

The founder and CEO of New Zealand skincare brand Emma Lewisham shares not only a name but an ethos with her business. Emma Lewisham, both the founder and the brand, has disrupted the beauty industry since launching in 2019 with a skincare line designed to be sustainable for people and the planet. “I think our success is in most part due to our dedication to never compromise,” Emma Lewisham told Inside Retail.

Consumer 237
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Planet Fitness Joins the Retail Media Game

Retail TouchPoints

Fitness center chain Planet Fitness is the latest company to jump on the media network bandwagon with the debut of its PF Media Network. The new network aims to connect advertisers to Planet Fitness’ more than 18.5 million members, both in clubs and across digital channels. The company currently has 2,498 locations across the U.S. and five other countries, more than 90% of which are owned and operated by independent businesspeople under franchise agreements.

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Burger King Announces a New Bacon Whopper

Retail Wire

Burger King, one of America's multinational fast-food chains, has recently announced an exciting new development with the introduction of the Candied Bacon Whopper.

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Michaels Wins Educational Supplies Contract for Texas Schools

Retail TouchPoints

Michaels has been awarded an educational school supplies cooperative contract for Texas’ Region 4, an eight -county area in southeast Texas serving more than 1.2 million students. The retailer will work with purchasing organization Omnia Partners to let schools and other organizations shop for more than 300,000 items through MichaelsPro Education , receiving benefits including low order minimums and free standard shipping on orders over $49.

Shipping 229
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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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Almer Arc 2 AR Headset Takes on Apple’s Vision Pro

Retail Wire

The AR headset market continues to grow with the arrival of the Almer Arc 2, a new player from the 2021 startup Almer.

Marketing 278
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Target, Lowe’s Work with RILA to Develop Tool to Measure Products Emissions

Retail TouchPoints

To help retailers determine the post-purchase carbon impact of products like appliances, electronics and outdoor power equipment, the Retail Industry Leaders Association (RILA) has partnered with Optera to develop the Direct-Use Product Emissions Database (DPED). The DPED will help fill current reporting gaps and align how retailers measure, compare and communicate greenhouse gas emissions.

Outdoor 219
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Frasers Group takes former John Lewis space at Queensgate in Peterborough

Retail Focus

Queensgate has announced that Frasers Group plc is set to open several dynamic stores in Queensgate, Invesco’s 835,000 sq ft shopping centre, located in the heart of the city. Frasers Group will open the doors to a Frasers and Sports Direct, occupying the former John Lewis space. These stores will create compelling retail destinations in Queensgate Shopping Centre , together totalling 92,500 sq. ft.

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In-store robots, Reducing returns, and NRF Big Show - Weekly Snacks #89

Tokinomo

Campaign corner Back to basics. Lowes Foods, a regional grocery chain, has introduced a new campaign for its private-label brand, Brown Bag. This brand is known for excluding seven unhealthy additives, such as artificial flavors and high-fructose corn syrup, from its range of over 900 products. The campaign features a character named "Basic B" a humorous take on an online influencer who is extremely enthusiastic about Brown Bag's simple and healthy ingredients.

Returns 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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How Porsche is reimagining the auto showroom with art and co-working spaces

Inside Retail

In October last year, the German automaker Porsche unveiled the 150th Porsche Centre in the heart of the Chanba Ecological Zone in Xi’an, Shaanxi Province, China. The avant-garde retail space, designed in collaboration with global design powerhouse Gensler, not only introduces a futuristic concept to automotive retail but also sets a new benchmark in sustainability and cultural integration.

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6 Hurt After American Airlines Makes ‘Hard Landing’ in Maui

Retail Wire

An unexpected turn of events unfolded on American Airlines flight 271 flying to Maui. The plane experienced difficulty during its landing, causing an abrupt halt and resulting in injuries to those aboard.

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‘No path to approval’: Amazon and iRobot cancel takeover deal

Inside Retail

E-commerce giant Amazon’s planned acquisition of robotics company iRobot will not push through after the parties agreed to terminate their agreement, citing regulatory hurdles in the European Union. IRobot has announced a significant restructuring plan to reduce costs and said it would cut about 31 per cent of its workforce, or 350 jobs. Founder Colin Angle has stepped down as CEO, saying given the current challenges, he and the board “mutually decided that iRobot will be better serv

Planning 130
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Global Investors Burned as China’s Evergrande Crashes

Retail Wire

Global investors who bought the heavily discounted IOUs from China Evergrande, hoping for a bailout from the Chinese government, have been left in the lurch.

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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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Profit-first tips for your post-peak season review

Inside Retail

Recent data from Airwallex , reveals a Q4 uptrend: Australians increased their online spending by nearly $200 during the peak sales season of 2023 compared to 2022. This surge – notably in e-commerce, travel, and financial services – presents greater revenue opportunities but also calls for strategic caution. A considered look in the rearview mirror can help us forge a strong path ahead.

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Amazon and iRobot’s Merger Plans Collapse Under Regulatory Pressure

Retail Wire

The much-discussed merger between Amazon and iRobot is no more. Regulatory hurdles indicate that their $1.4 billion business venture was untenable.

Planning 130
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How Target veteran Carly Broderick is tapping into the booming tween market

Inside Retail

Carly Broderick is no novice to the retail industry. With several decades of retail experience under her belt, including nearly 10 years spent with Target as a senior buyer and director across multiple categories (toys, pharmaceuticals, sporting goods, skincare, bath, and fragrances), Broderick knows exactly what big-box retailers are looking for. That’s where Miles, a personal care brand designed for the tween/teen category comes in.

Marketing 130
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Amazon Prime Video Now Includes Ads

Retail Wire

There will be a major change to how customers can view Amazon Prime Video beginning today.

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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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Aesop to bring back Queer Library next month

Inside Retail

Aesop’s Queer Library is set to return to Melbourne and Sydney this February to showcase a selection of titles by 45 LGBTQIA+ authors. The body care brand will open the library at Aesop QV in Melbourne from February 7 to 11 and at Aesop Bondi Junction in Sydney from February 28 to March 3. During those dates, Aesop will remove all its products from the shelves and replace them with the selected books purchased from Melbourne’s queer bookshop Hares & Hyenas, Allen & Unwin, and Unive

Returns 130
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Ditching tax-free shopping sets UK back £11bn, CEBR warns

Retail Gazette

Ditching tax-free shopping for tourists is costing the UK £11.1bn and deterring around 2m foreign visitors per year, the Centre for Economics and Business Research (CEBR) revealed. The number of tourists visiting the UK is still roughly 1m fewer than pre-Covid levels, while their spending in real terms has also not fully recovered. The CEBR and business leaders highlighted Rishi Sunak’s decision to charge tourists VAT on shopping in 2021, going back on a tax rebate implemented for decades,

Shopping 130
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Transforming supply chain planning: How to create resilience and agility

Inside Retail

Advanced Planning Systems (APS) are at the heart of digital transformation when looking to improve operations management. Companies in Australia and New Zealand have traditionally lagged in investment in this area. The benefits of implementation that we usually observe are: A 20 per cent reduction in working capital. A 3 per cent reduction in COGS.

Planning 130
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Companies Are Testing Whether AI Can Solve Legacy Tech Problems

Retail Wire

A lot of companies still depend on COBOL, but practitioners of this language are from the baby boomer generation and are now retiring, so it's getting harder to source specialists in this field. To tackle this problem, executives are testing out generative AI tools to catch their IT functions up to modern tech trends.

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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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The VM & Display Show 2024, a crucial event for any industry focused on elevating their physical space.

365 Retail

Scheduled for April 16th-17th, 2024 at London’s Business Design Centre, the Visual Merchandising and Display Show is not just an event; it’s a pivotal gathering for any industry aiming to enhance its physical spaces. This free-entry event extends its reach far beyond the retail world, offering invaluable resources, insights, and networking opportunities for sectors including hospitality, leisure, and more.

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Frugal Tips for Spending Less and Saving More in 2024

Retail Wire

There are ways to spend less, but as with any good habit, one has to commit to it.

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Frasers Group to take over Peterborough John Lewis site

Retail Gazette

Frasers Group has signed to take over the former John Lewis site at Queensgate shopping centre, Peterborough. The group will open doors to a Frasers and Sports Direct in the 92,500 sq ft space. The Frasers concept store will house brands across men’s, women’s, kidswear, homeware and beauty, alongside a 30,000 sq ft Sports Direct. Meanwhile, the sports destination will feature the world’s biggest sports and leisure brands, according to the retailer, as well as brands from the group includin

Shopping 106
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Economic Realities Spark Change in Business Strategies For CPG and Retailers: EY

RIS News

Leaders are looking to tech to help weather the economic storm in 2024, according to a new EY pulse survey. Key areas of investment include digital, end-to-end supply chain capabilities, machine learning, and AI co-pilots.

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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