Wed.Jan 03, 2024

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Rethinking Returns: Innovative Strategies for Retailers to Drive Growth in 2024

Retail TouchPoints

Long viewed as a necessary evil, the retail returns process is emerging as an unexpected avenue for growth and customer engagement. In the rapidly expanding ecommerce market, projected to reach $3 billion in 2023, a significant 20% to 30% of online purchases end up being returned. This substantial return rate highlights a vital opportunity for retail leaders: by revamping the often-overlooked returns process, retailers can unlock a new avenue for driving customer satisfaction and business growth

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Starbucks US to accept reusable cups at drive-thrus

Inside Retail

Starbucks Coffee Company has started accepting reusable cups for beverages pre-ordered online and at its drive-thrus at all company-operated and participating licensed stores across the US and Canada. Starbucks is a founding member of the NextGen Consortium, which aims to accelerate sustainable and circular solutions and reduce single-use plastics in food service packaging.

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Apple Shares Drop to Lowest in 7 Weeks After Barclays Downgrade

Retail Wire

On Tuesday, Apple fell by almost 3.6% to a low that has not been experienced in seven weeks after Barclays downgraded the shares due to concerns that demand for its devices will still be fragile in 2024.

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RIP: The late Terence Conran’s once high-flying Habitat is no more

Inside Retail

Europe-based home furnishing chain Habitat has shut down all of its operations, just a month after collapsing into receivership. The company’s trustees have initiated a final liquidation due to the lack of cash flow and a recovery plan. As a result, all of the chain’s 25 stores in France will close and 383 employees will lose their jobs. The fate of five other shops in Barcelona, Geneva, Madrid, Milan and Zurich is unclear.

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From Concept to Deployment: Building Commerce Storefronts with Composable UI

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Asda Hires First Digital Chief, Expands Efforts to Encourage Girls to Consider Careers in Tech

Retail TouchPoints

UK supermarket chain Asda is fortifying its digital foundation both for the present and the future. The company has appointed Morrisons executive Matt Kelleher as its first Chief Digital Officer and plans to double the number of workshops it hosts this year in partnership with Girls in Data , an organization that encourages girls to consider careers in technology.

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How fashion turned the tennis court into a runway

Inside Retail

The 2024 Australian Open is gearing up to serve a fashion-forward Grand Slam by partnering with sportswear giants, high-fashion brands and luxury labels. This year’s Australian Open will be sponsored by the likes of Ralph Lauren, Louis Vuitton, New Balance and Rolex – positioning tennis as a rival with the races for sport’s most fashion-forward event.

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Penhaligon’s opens flagship store in Sydney

Inside Retail

British fragrance retailer Penhaligon’s has opened a flagship store at the Queen Victoria Building in Sydney. The new store features a full range of Penhaligon’s collections including Portraits, British Tales, and Trade Routes, as well as in-store exclusives such as the Potions & Remedies line-up, Russh reported. This location also offers scented soaps, body care, candles, trinkets, and lip balms.

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2024 Girl Scout Cookie Season Is Fast Approaching

Retail Wire

Every year, Girl Scouts cookies garner a large consumer fan following, and this year, things don't seem to be any different.

Consumer 243
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The Body Shop Assortment Certified as 100% Vegan

Retail TouchPoints

All of the products sold by The Body Shop have officially been certified as having 100% vegan formulations by The Vegan Society. This marks a major milestone for the socially conscious beauty retailer, which was founded in 1989 with the goal of making cruelty-free beauty more common and accessible. In 2021, The Body Shop set a goal of making all of its products 100% vegan; at the time, 60% of its products already carried The Vegan Society certification.

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Despite a muted outlook for 2024, the Retail Think Tank outlines key growth opportunities and predictions for next years’ winners and losers

Retail Focus

While the retail sector outlook for 2024 is expected to be muted, hampered by ongoing macroeconomic challenges, weakened consumer demand and low economic growth prospects, retailers mustn’t let stagnation stifle innovation and future opportunities, the KPMG/RetailNext Retail Think Tank (RTT) , an independent board of retail experts, warns. With the UK economy set to tread water in 2024, the RTT expects this will impact growth within the retail sector.

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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, 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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The retail contest between CBDs, malls and online is set to reshape our cities

Inside Retail

Retail activity has been a defining facet of cities since antiquity. The Greek Agora and Roman Forum may be viewed as the original CBDs – central business districts, or what urban planners call activity centres. Retail spaces have evolved over time. Urbanisation, mass production and the rise of conspicuous consumption led to the high street and CBD dominating the retail landscape across the Western world from the late 19th century until the mid-20th century.

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Pitney Bowes, PackageHub Launch Returns Drop-Off Network

Retail TouchPoints

Pitney Bowes and PackageHub have debuted a no-box, no-label returns drop-off network at nearly 1,000 locations nationwide, with the promise of hundreds more launching soon. These new returns locations augment the existing network of 30,000 postal locations where Pitney Bowes currently offers no-label returns. Online retailers that currently use the Pitney Bowes return service and its platform partners will gain immediate access to the new network, with no additional integration required.

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Exclusive Valentine’s Day Stanley Cups Are Causing a Ruckus at Target

Retail Wire

As we approach the second month of the year, love is definitely in the air, and so is the frenzy for Target's limited-edition Valentine's Day Stanley Cups.

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Why Fendi’s collab with Pokémon signals a big year for anime in retail

Inside Retail

Even though 2024 just started, trend researchers are already predicting what will be hot and not in the world of fashion and beauty for the year ahead. One notable recent trend that’s predicted to carry into 2024 is the incorporation of anime into limited-edition collections by mid-tier and luxury brands alike. In December 2023, Fendi announced its collaboration with Pokémon and Japanese designer Hiroshi Fujiwara’s streetwear collective Fragment.

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Get MACH Ready with Orium, Commercetools, and Contentstack

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A Recap of Workforce Layoffs, From Google to the Banking Industry

Retail Wire

The turnover from 2023 to 2024 was marked by significant layoffs within the global work landscape, fueled in part by artificial intelligence.

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How a doctor turned a Twitter joke into a retro-inspired apparel brand

Inside Retail

Founded in 2022, Queensland Football Club is a fake footy club with a very real line of merchandise that has taken on a life of its own. Created by Ken Sakata as a diversion during the Covid pandemic, Queensland Football Club aims to elevate sportswear by manufacturing products locally in Australia using high-quality materials. The brand was included on Inside Retail ’s most recent list of the 20 Coolest Retailers in Australia.

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GM’s US Vehicle Sales Soar Despite Supply Chain Distress

Retail Wire

In a remarkable display of resilience and robust sales strategy, GM saw a commendable surge in its U.S. vehicle sales in 2023.

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Meet Effect Beauty, the start-up driving sustainability in the beauty industry

Inside Retail

An emerging Australian brand is not only set on redefining beauty standards but is also leading the charge in sustainability and cost efficiency within the beauty industry. Effect Beauty Co. was founded by Taneia Hill (pictured), an entrepreneur with a passion for beauty and a commitment to environmental responsibility, with the aim of providing women with a sustainable and affordable solution for enhancing their natural beauty.

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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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US Debt Milestone Hits $34 Trillion for the First Time

Retail Wire

For the first time in history, our national debt has soared past the $34 trillion mark, according to the latest data from the Treasury Department.

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Sainsbury’s crowned Christmas winner as grocery sales hit £13bn

Retail Gazette

Sainsbury’s has been named as the big winner over Christmas as grocery sales surpassed the £13bn mark in December for the first time. The supermarket chain saw its sales jump 9.3% in the four weeks to 24 December, achieving its highest market share since December 2020 at 15.8%, according to analysts at Kantar. Consumers spent £13.7bn in the run-up to Christmas, the research noted, with average household spending up 6% to £477 across the month.

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Air Canada Is North America’s Most Delayed Airline of 2023

Retail Wire

Canada’s premier airline, Air Canada, has recently earned an unenviable title: the carrier with the most delayed flights in North America.

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The Body Shop becomes first global beauty brand to receive 100% vegan certification

Retail Gazette

The Body Shop has become the first global beauty brand to achieve 100% vegan product formulations across all lines. The beauty retailer has had its ranges – skincare, body care, haircare, makeup and fragrance – certified by The Vegan Society as 100% vegan just two years after it set itself the target. To celebrate the accreditation, The Body Shop has launched its ‘ Not Yes!

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From Data to Decisions: Maximizing Retail Potential With AI

Discover how retailers are transforming data into actionable insights for growth. By leveraging data and analytics to their potential, retailers can enhance decision-making, improve customer experiences, and streamline operations to stay ahead of the competition. From Data to Decisions: Maximizing Retail Potential With AI, authored by Orium, commercetools, and Google Cloud, demonstrates how businesses can unify and activate data across the tech stack to achieve retail excellence and create growt

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Reckitt Benckiser Recalls Baby Formula Due to Potential Contamination

Retail Wire

Reckitt Benckiser, manufacturer of infant formula Mead Johnson Nutrition, has recalled certain units of its hypoallergenic baby formula powder as a precautionary measure due to concerns over bacterial contamination.

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5 Retail Trends to Watch for 2024

RIS News

The top five trends to watch in 2024 will explore technologies and opportunities that will continue to transform the retail industry. These are noteworthy items that have been hot topics among industry experts and could have a significant impact on 2024.

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Starbucks Will Let Customers Use Reusable Cups

Retail Wire

The coffee giant is working to reduce its waste output by half by the year 2030.

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SportsShoes.com Enters Global Partnership with Parkrun

365 Retail

SportsShoes.com has recently established a significant global partnership with parkrun , a community event network. This collaboration positions SportsShoes.com as parkrun’s exclusive retail partner in the UK and extends support to the global parkrun community, particularly in the procurement and distribution of parkrun merchandise. This partnership is a milestone for SportsShoes.com , representing its largest retail alliance to date.

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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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Mamas & Papas set for record year after stellar Christmas

Retail Gazette

Mamas & Papas profits and sales soared across the golden quarter as the brand said it was on course for a record year. The nursery brand’s EBITDA rocketed 50% year-on-year during the 13 weeks to 31 December as sales rose 17%. The performance followed a record Black Friday, which saw year-on-year sales increase 18% over the three-week period.

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Early Findings Show Moderate Growth Downturn in 2023 Holiday Sales, Despite Strong Consumer Spending

RIS News

Another holiday season is behind us, and retailers will now begin reflecting on their performance. Some early results show U.S. retail sales during the 2023 holiday season grew by 3.1% year-over-year, falling short of predictions and the previous year's figures.

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Kimco Closes Acquisition of RPT Realty

Shopping Center

Jericho, N.Y. — Kimco Realty has closed the acquisition of RPT Realty. The acquisition includes 56 open-air shopping centers comprising 13.3 million square feet of gross leasable space, adding to Kimco’s… The post Kimco Closes Acquisition of RPT Realty appeared first on Shopping Center Business.

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Retailers took back $743B in returns last year, with $101B lost to fraud: NRF

Retail Dive

E-commerce has led to more returns, which many retailers are working to mitigate, per a report from the National Retail Federation and Appriss Retail.

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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.