Retail TouchPoints
MAY 10, 2023
The United Food and Commercial Workers International Union (UFCW) has officially announced that delegates representing 1.3 million of its members unanimously voted to officially oppose mergers, including the proposed $24.6 billion deal between Kroger and Albertsons. The vote was made on the grounds that such mergers “pose a threat to essential workers, their families, and the communities they serve.
Inside Retail
MAY 10, 2023
Multibrand outdoor apparel retailer KMD Brands has appointed Megan Welch as CEO of Kathmandu. Welch has extensive global brand and product experience and joins Kathmandu from Crocs where she served as senior VP and GM for Asia Pacific, based in Singapore. Michael Daly, Group CEO and MD of KMD Brands, welcomed Welch and said she has a “proven track record for growth and strong international experience”.
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Retail TouchPoints
MAY 10, 2023
The senior management team of Franchise Group , led by the company’s CEO Brian Kahn along with a consortium of financial partners that includes B. Riley Financial and Irradiant Partners, have agreed to acquire approximately 64% of the company’s stock that the management group does not currently own in a transaction that will take the company private.
Inside Retail
MAY 10, 2023
Westfield mall owner Scentre Group says its strategy to increase footfall across its retail centres has helped boost its operating performance. In a trading update for the first 17 weeks of the year, the group said its shopping centres hosted 163 million customer visits – an increase of 20 million, or 13.7 per cent, over the corresponding period a year ago.
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.
Retail TouchPoints
MAY 10, 2023
For consumer-packaged goods (CPG) brands wanting to lead their category at major retailers, it’s critical to be strategic and adaptable with a logistics strategy. While many brands try to shave pennies off transactional transportation costs, that won’t drive long-term success in retail locations. CPG brands that DO find success are proactive and utilize technology to increase order visibility and analyze performance data.
Inside Retail
MAY 10, 2023
Adelaide’s Harbour Town Premium Outlets centre has been put up for sale by private property developer, Lewis Land Group. Developed in 2003, the centre is Adelaide’s only purpose-built outlet shopping centre. It features 118 outlet stores and parking for 1480 vehicles and recently underwent a $12 million upgrade. Lewis Land Group CEO, Matthew McCarron, said the business is continuously exploring opportunities for growth over the long term.
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Retail Focus
MAY 10, 2023
REISS, the premium international fashion brand, has selected centre:mk, one of the top 10 retail and leisure destinations in the UK, for its latest location and key site in the region. The new store, set to open on Silbury Arcade this summer, will showcase 1,884 sq ft of REISS’ modern womenswear, menswear, accessories, and childrenswear. For the last five decades, REISS has established a unique style of attainable-luxury collections showcasing unwavering elegance and attracting a loyal following
Inside Retail
MAY 10, 2023
Compared to other sales events throughout the retail calendar, Mother’s Day celebrations aren’t typically thought of as a bumper celebration. However, Australians are tipped to spend almost $1 billion ahead of this weekend’s event, according to the Australian Retailers Association, across retail segments such as food, flowers, homewares and clothing.
Retail Wire
MAY 10, 2023
Live shopping in the U.S. is expected to grow to $32 billion this year, according to Coresight Research. Amazon.com, Walmart and other retailers are rapidly getting into live streaming to capture a share of the growing market.
Inside Retail
MAY 10, 2023
For once, department stores are leading a retail sales recovery instead of lagging it. In Japan, the Ministry of Economy, Trade and Industry (METI) reports that retail sales in the first quarter amounted to 39,781 billion yen (about $434 billion at current exchange rates), up 6.5 per cent from a year ago. Momentum has been rising since the beginning of the year, with year-on-year sales growth in both February and March above 7 per cent.
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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.
Retail Wire
MAY 10, 2023
Capital One Financial claims that Walmart is trying to get out of its private label credit card deal after it failed to market the product as agreed. The financial firm alleges in a lawsuit that “Walmart is positioning itself to compete directly with Capital One to provide credit and payment products to Walmart customers.” Walmart has denied the allegations made by Capital One.
Inside Retail
MAY 10, 2023
Retailers are always looking for ways to gain market share and build loyalty, but the strategies that work today may not be relevant in the future. A recent report by WGSN on the future consumer sheds some light on the emerging trends that businesses need to take into account. The report states that four consumer profiles will drive businesses in 2025: the new nihilists, the reductionists, the timekeepers and the pioneers.
Retail Wire
MAY 10, 2023
Warby Parker’s sales rose 12 percent year-over-year in the first quarter and the direct-to-consumer eyewear company cut its losses by $23 million to $11 million. Allbirds’s sales fell 13 percent, which was better than the 28 percent decline that was expected.
Inside Retail
MAY 10, 2023
Australian bags company Strand will launch an online store for its luggage brand Nere in the UK, marking the company’s first foray into the market. Nere offers a range of luggage, travel bags, and accessories for the style-conscious traveller at affordable prices. The brand was established in Australia with the idea of making travel “more fashionable, economical, and fun” Launched in July in Australia and New Zealand, Nere aims to create vibrant collections.
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 Wire
MAY 10, 2023
Tempur Sealy has agreed to pay $4 billion to acquire Mattress Firm, the largest bedding retailer in the U.S. Mattress Firm operates about 2,300 stores.
Cisco Retail
MAY 10, 2023
The Transformational Tech series highlights Cisco’s grant recipients that use technology to help transform the lives of individuals and communities. An estimated 37% of the world’s population – or 2.
Retail Wire
MAY 10, 2023
Consumer prices increased 0.4 percent in April, the equivalent of a 4.9 percent annual gain, according to the Labor Department. The Consumer Price Index has declined since peaking at nine percent in June 2022.
Hunton Andrews Kurth
MAY 10, 2023
The Ninth Circuit Court of Appeals recently affirmed the dismissal of a putative class action lawsuit brought by a consumer who claimed that The Kroger Company supermarkets falsely advertised its spreadable fruit product containing fruit-based sweeteners as “Just Fruit.” The plaintiff claimed that Kroger marketed its spreadable fruit product as “Just Fruit” in order to capitalize on consumer demand for minimally processed foods that avoid unhealthy added sugars.
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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.
Retail Wire
MAY 10, 2023
Franchise Group, the owner of Vitamin Shoppe, Pet Supplies Plus, Buddy’s Home Furnishings and other franchised banners, is being taken private by a group led by CEO Brian Kahn in a $2.6 billion deal.
Shopping Center
MAY 10, 2023
Corpus Christi, Texas — Developer Ashlar Development LLC and owner Diamond Beach Holdings LLC have broken ground on Whitecap NPI, an $800 million master-planned community on North Padre Island in Corpus Christi. The 240-acre development will serve as the first… The post Ashlar Development Breaks Ground on $800 Million Whitecap NPI Master-Planned Community in Corpus Christi appeared first on Shopping Center Business.
Retail Wire
MAY 10, 2023
Oatly Group has named Jean-Christophe Flatin, the company’s global president, to succeed CEO Toni Petersson on June 1. Mr. Petersson will become co-chairman of Oatly along with Eric Melloul.
Retail Times
MAY 10, 2023
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! A new fragrance to launch with The Perfume Shop, Billie Eilish No.2. Eilish No. 2 is a sensual, alluring aroma which opens with the freshness of Italian bergamot and apple blossom. It flows into a woody, earthy spiciness of papyrus and black pepper with a contrast of wild wet poppy flowers.
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
Retail Wire
MAY 10, 2023
Starbucks customers who order one of the chain’s Refreshers without water will have to pay $1 more to get the drink. The chain says that leaving water out of the drink is about the same as asking for an extra espresso shot in a latte without expecting to pay for it.
Retail Dive
MAY 10, 2023
A WARN Notice indicates that people will be let go by June 23 from the discount retailer’s Chesapeake, Virginia, headquarters.
Wiser
MAY 10, 2023
Do you work at an eCommerce brand and are looking for ways to keep your product page content compliant across all eCommerce sellers? Keeping up with frequent product updates is complex and time-consuming. It requires coordinated efforts between stakeholders and constant tracking of any changes that are made. To help manage content compliance throughout the life cycle of a product page, we’ve outlined some strategies and tips that can make it easier to stay on top of things!
Retail Dive
MAY 10, 2023
Wade Miquelon retired as of Monday. Two executives will lead in the interim while the board searches for a permanent replacement.
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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.
Cisco Retail
MAY 10, 2023
If you’ve been implementing technology for your company for any length of time, you know a few things: Technology is increasingly complex Business requirements are dynamic IT solutions are e… Read more on Cisco Blogs
Retail Dive
MAY 10, 2023
Co-founder Tim Brown has taken on the chief innovation officer role as the direct-to-consumer brand reported a drop in its Q1 net revenue.
Cisco Retail
MAY 10, 2023
Recently I talked about how we need to “ step up security” on the heels of our Cisco Cybersecurity Readiness Index: Resilience in a Hybrid World report.
Retail Dive
MAY 10, 2023
The now-bankrupt home goods retailer hired the merchant who led the development of billion-dollar store brands at Target. What went wrong?
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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