Retail Focus
FEBRUARY 8, 2023
In a bid to offer an elevated retail experience and inspire youth culture, Foot Locker has opened a new, 10,000 sqm store in the UK. The store sets a precedent by combining innovation and technology to provide customers with the ultimate shopping experience. By making visitors active participants and going beyond traditional retail, the brand aims to build a deeper connection with the local community.
Retail TouchPoints
FEBRUARY 8, 2023
The Vitamin Shoppe has opened the first of a planned dozen+ new franchise stores this year in Valparaiso, Ind. After announcing its ambitious franchising plans in May 2021, the retailer converted an existing Greensboro, N.C. Vitamin Shoppe store to a franchise operation in February 2022 , but now the program is moving into a higher gear. The next new franchise store, scheduled to open this spring, will be in Tempe, Ariz., with a store in New Braunfels, Texas slated to open later in 2023.
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Inside Retail
FEBRUARY 8, 2023
Sportswear giant Adidas has revealed its first brand-new label in five decades – Adidas Sportswear, which will launch this month. The new line, in partnership with producer and style icon Jenna Ortega, aims to elevate the wearer’s everyday appearance with a selection of modern fits featuring cutting-edge performance technology to bring the same level of comfort and assurance to everyday life as its performance collections have for athletes for decades.
Retail TouchPoints
FEBRUARY 8, 2023
The advertising industry is managing growing fears of inflation and an economic downturn as many top retail brand advertisers are dealing with the effects. For example, Snapchat lost 25% of its shares due to a decline in ad spending. Spotify, the music streaming platform, fears a softening in ads sales. Meta recorded a 1% drop in ad revenue for the first time in history related to shrinking ad budgets.
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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.
Inside Retail
FEBRUARY 8, 2023
Legal proceedings have commenced against the franchisor of the 85 Degrees cafe chain, lodged by Fair Work Ombudsman, relating to alleged underpayments by franchisees. The case is a landmark in that it represents the first time the FWO has commenced proceedings against a master franchisor rather than individual franchisees who are employing staff and underpaying them.
Retail TouchPoints
FEBRUARY 8, 2023
Designer Brands Inc. — parent company of DSW Designer Shoe Warehouse and The Shoe Company — is continuing to expand its roster of owned and exclusive brands with the acquisition of Keds and an agreement to become the exclusive licensee of the Hush Puppies brand. The company has acquired the Keds footwear brand from Wolverine Worldwide in a deal that includes all Keds products, including Pro-Keds, as well as the brand’s ecommerce business.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail TouchPoints
FEBRUARY 8, 2023
CVS Health will acquire primary care provider Oak Street Health in an all-cash transaction at $39 per share, representing an enterprise value of approximately $10.6 billion. The combination is designed to improve patients’ long-term health by reducing care costs and improving outcomes, particularly in underserved communities. Oak Street Health is a multi-payor, value-based company that aims to help older adults stay healthy and live life more fully.
Inside Retail
FEBRUARY 8, 2023
The retail industry has undergone a major shift in recent years, as customers’ expectations and habits have changed in the wake of the Covid-19 pandemic. With the return to bricks-and-mortar shopping, retailers are seeking new ways to connect with consumers in a personalised and tailored way. Enter digital signage and kiosks, which are transforming the in-store experience and helping retailers deliver a customer experience that matches consumers’ online shopping expectations.
Retail TouchPoints
FEBRUARY 8, 2023
Walgreens will hold a Supplier Diversity Summit — a virtual showcase for diverse businesses and entrepreneurs to share their retail offerings — the week of March 28, in partnership with RangeMe. The summit will provide diverse vendors the opportunity to connect with the Walgreens merchandising team, share their products and receive feedback, with the ultimate goal of being stocked on Walgreens shelves in their local areas.
Inside Retail
FEBRUARY 8, 2023
Payment times by large retailers to small business and retail suppliers has been deemed “woeful” and “nothing more that a crude display of power imbalances,” according to the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Bruce Billson Billson told Inside Retail that big retailers, alongside construction and manufacturing, recorded the worst performance in paying its small business suppliers on time in a recent investigation.
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.
Retail TouchPoints
FEBRUARY 8, 2023
Following a pandemic-induced pause in its brick-and-mortar retailing, women’s workwear retailer Argent has opened a store in NYC’s SoHo neighborhood that brings community and commerce together with a combination of appointments, networking events and free-flow spaces for consumers to work and gather. The retailer had previously operated stores in four major markets — New York City, Los Angeles, San Francisco and Washington.
Tokinomo
FEBRUARY 8, 2023
Stockouts can be a major issue for retailers, leading to lost sales, frustrated customers, and a damaged reputation. Avoiding stockouts requires careful planning and attention to detail, but the effort is well worth it. By taking the right steps, retailers can keep their shelves fully stocked and meet the needs of their customers.
Inside Retail
FEBRUARY 8, 2023
Back in August last year, lifestyle retailer Miniso celebrated the opening of its 200th store in India, which also coincided with its fifth anniversary of entering the Indian market. “2022 was a fast-growing year for Miniso. We celebrated our 200-store milestone last year and in December alone, we had around 10 openings in India. This year our India business grew around 80 per cent year-on-year,” Tyrone Li, Miniso’s head of India, told Inside Retail.
Retail Focus
FEBRUARY 8, 2023
Despite having a relatively good year for new Apple products in 2022, Mark Gurman of Bloomberg claims that the company may not be able to produce much excitement around new products for the remainder of the year. So instead, it might unveil new products at a relatively low-key event. As the end of the product cycle for Apple approaches, we’re starting to look ahead to next year.
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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.
Inside Retail
FEBRUARY 8, 2023
One of Southern California’s most storied malls, Santa Monica Place, is to get a new anchor from Korea: Arte Museum, an immersive digital art exhibition created by Korean design firm D’strict. Arte Museum will occupy approximately 4,750sqm of space that was vacated by Arclight Cinemas when it closed in 2020. The space is the upper level of a three-level empty box, the two levels below having been left by upscale department store Bloomingdales , which closed in March 2021.
Retail Wire
FEBRUARY 8, 2023
TikTok’s presence in the U.S. is uncertain as the popular video-sharing app continues to be a target of national defense experts and politicians who worry the app’s proprietary algorithm is providing personal information about American citizens to the Chinese government.
365 Retail
FEBRUARY 8, 2023
Zest, one of the UK’s fastest growing Electric Vehicle (EV) charging operators, has announced the launch of 56 EV charging sockets at Metrocentre, the country’s second largest retail and leisure destination. The installation marks the second time Zest has worked with Sovereign Centros, following the opening of 64 charging sockets at Merry Hill in 2022.
Retail Wire
FEBRUARY 8, 2023
Consumer packaged goods companies plan to raise prices in 2023 based on the rationale that the hikes are making up for the increased expenses they took on but did not immediately pass along.
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
365 Retail
FEBRUARY 8, 2023
City delivery firm, CitySprint, has signed a new three-year deal with UK home improvement retailer, Wickes. The new contract comes after a seven-year partnership between the two companies, and will see CitySprint continue to make home deliveries for Wickes online customers. With over 230 Wickes stores nationwide, CitySprint will be providing local delivery services from the retailer’s network of local stores, delivering trade quality DIY and home improvement products to customers and trade
Retail Wire
FEBRUARY 8, 2023
CVS Health has agreed to pay $10.6 billion in cash to acquire Oak Street Health, a primary care provider for Medicare recipients. Oak Street operates 169 medical centers in 21 states.
Miller Zell
FEBRUARY 8, 2023
Coast-to-coast retail events last month agreed on the enduring importance of brick-and-mortar branded environments, now and into the future. Both led with the importance of continual innovation to remain relevant, connect with customers and build loyalty.
Retail Wire
FEBRUARY 8, 2023
Buffalo Wild Wings will offer six boneless or traditional chicken wings for free if the game between the Kansas City Chiefs and the Philadelphia Eagles goes into overtime. Only one game in Super Bowl history has needed an extra period to produce a winner.
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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.
365 Retail
FEBRUARY 8, 2023
Starting up a new business or developing a product and taking it to the market are two of the most challenging endeavours in business, but they are just the beginning. Setting up a shop, building production facilities, or headquartering your business to help build a client base are important steps that should not be rushed. Get them right, and they can be assets to your success and not liabilities on your balance sheet.
Retail Wire
FEBRUARY 8, 2023
Under Armour posted better-than-expected sales and profits during its fiscal third quarter. The sportswear brand saw its wholesale business improve by seven percent, even as direct-to-consumer revenues decreased. Former Marriott executive Stephanie Linnartz will become CEO of Under Armour on Feb. 27.
Retail Dive
FEBRUARY 8, 2023
As part of the company’s turnaround strategy, it aims to reduce its brick-and-mortar footprint to 480 stores.
Retail Wire
FEBRUARY 8, 2023
Google and Baidu have launched chatbots to rival OpenAI’s ChatGPT, which has garnered headlines for its ability to produce answers to queries in conversational text. Google CEO Sundar Pichai said that his company’s Bard chatbot is now a “code red” priority for the tech giant.
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
Kuusoft
FEBRUARY 8, 2023
People visit theme parks to spend a fun, adventure-filled day with friends and family. These destinations provide an… The post Using Digital Signage in Theme Parks to Drive Revenue appeared first on The Official Kuusoft Blog.
Retail Wire
FEBRUARY 8, 2023
Olympia Gayot, womenswear director at J. Crew, has garnered a significant following on social media among people who are interested in her personal fashion style. She just happens to be wearing clothes she’s designed for J. Crew, and now many of her followers are too.
Retail Dive
FEBRUARY 8, 2023
After another tough quarter, the apparel conglomerate is cutting costs and mulling a sale of backpack brands Kipling, Eastpak and JanSport.
Retail Wire
FEBRUARY 8, 2023
Consumers are continuing to spend, albeit with a bit more reserve, as evidenced by a new Fed report that shows outstanding credit growing at a slower rate than expected. “Consumer spending certainly isn’t falling off a cliff, but we are seeing ample evidence that Americans are becoming more reluctant to make certain purchases, especially larger expenses and acquiring physical goods,” said Ted Rossman, senior industry analyst with Bankrate.
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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.
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