Retail TouchPoints

JULY 28, 2022

Saks OFF 5 TH and Rent the Runway have teamed up to provide Saks OFF 5 TH customers with access to pre-owned designer fashion. A curated collection of pre-owned merchandise from Rent the Runway, spanning hundreds of styles from more than 60 designer brands, is now available in a dedicated section of SaksOFF5TH.com at prices up to 85% off MSRP. All items being offered have been deemed “excellent condition” by Rent the Runway and will be identified on SaksOFF5TH.com by a Rent the Runway-specific b

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Apparel Fashion Accessories Shopping 277

Inside Retail

JULY 28, 2022

Trans-Tasman online retailer Kogan has reported a return to adjusted profit during the first quarter, but not by enough to prevent a 69 per cent slump for the full year to June 30. Sales for the year were static, up by just 0.1 per cent, to $1.18 billion, while adjusted EBITA was $19.1 million – down from $61.8 million last year and $49.7 million the year before.

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Returns Consumer Shopping Marketing 246

Retail TouchPoints

JULY 28, 2022

For its 2022 back-to-school campaign, pure-play retailer The Children’s Place is making its mark in the physical world with 10 learning centers — safe spaces that will be stocked with books, school supplies and youth-oriented products. The retailer is partnering with actor/author/philanthropist Kevin Hart , who unveiled the first community center at NYC Parks’ Thomas Jefferson Recreation Center in East Harlem on July 26.

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Marketing ATS 259

Inside Retail

JULY 28, 2022

Retail sales in June registered $34.2 billion in turnover however rising costs of living and inflation will likely impede growth for businesses, according to data released by the Australian Bureau of Statistics (ABS) today. Seasonally adjusted retail sales are still higher at 12 per cent year-on-year, although compared to may they were up by just 0.2 per cent, a figure dwarfed by the current inflation rate.

Department Stores 147

Department Stores Accessories Consumer ATS 147

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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.

Management

Retail TouchPoints

JULY 28, 2022

Online shopping has come a long way in providing consumers with a vision of how products might look on them. Product pages show the clothing on models of different sizes and cosmetics on models in a variety of skin tones. The trend toward using AR to offer virtual try-on features suggests that people still want to see how a product looks on them. In a 2019 (read, pre-pandemic) NielsenIQ global survey , 51% of consumers expressed willingness to use AR/VR to assess products.

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Consumer Outdoor Shopping Returns 233

Inside Retail

JULY 28, 2022

Contemporary women’s fashion brand Alémais was crowned the winner of the 2022 National Designer Award in Australia on Wednesday, a fitting result for a brand that has achieved a huge amount of international success in just two years. The prestigious award, which was presented by David Jones as part of the Melbourne Fashion Festival, came with a business development package worth $120,000, including a cash prize, marketing support and editorial opportunities.

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Fashion Accessories Management Marketing 147

Inside Retail

JULY 28, 2022

Jacky Ng grew up in Vancouver, Canada, and after graduation, moved back to Hong Kong. After bouncing through a series of office jobs, he took the plunge to get into the food and beverage business. He took over a friend’s restaurant and worked 12 to 15 hours daily in what was a steep learning curve for him. Eventually, he got more into the back end operations of the business, and that’s when he decided to start the Foodtank Group.

Planning 130

Planning Management Location ATS 130

Retail Wire

JULY 28, 2022

Saks Off 5th is now selling previously worn merchandise from Rent The Runway on its e-commerce site. “We think there’s an unbelievable opportunity to expand our luxury assortment through pre-owned,” said Paige Thomas, president and CEO of Saks Off 5th.

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Inside Retail

JULY 28, 2022

Weber CEO ousted, replaced. After withdrawing its sales and earnings forecasts for the fiscal year 2022, grill-maker Weber announced its chief executive officer Chris Scherzinger would be departing from his roles on the management team and the board of directors, and that the search for a new permanent CEO would commence immediately. In the meantime, chief technology officer Alan Matula has taken over running the business’ operations.

Fulfillment 130

Fulfillment Outdoor Apparel Management 130

Retail Wire

JULY 28, 2022

The U.S. gross domestic product fell 0.9 percent in the second quarter, following a negative result for the first three months of the year. Two consecutive down quarters are typically defined as a recession, but this year’s results are not so straightforward. “The numbers are baffling right now — we just don’t normally see declining GDP and rising employment,” said Betsey Stevenson, an economics professor at the University of Michigan and research associate at the National Bureau of Econom

Consumer 130

Consumer ATS 130

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.

Customer Experience

Inside Retail

JULY 28, 2022

In the last few years, a lot of things have changed. Customers and retailers alike had to quickly adapt to a very different way of doing things, and though bricks-and-mortar retail has now reopened safely, the industry is struggling with soaring supply chain, inflation and delivery costs. On top of that, customers are looking to change the way they shop yet again.

Fulfillment 130

Fulfillment Shipping Shopping Marketing 130

Retail Wire

JULY 28, 2022

Nestlé says it needs to raise its prices seven percent to protect its profit margins this year. The consumer packaged goods giant has already raised prices by 6.5 percent. Other CPG companies are in similar positions as Nestlé, suggesting that large price hikes are unlikely over the balance of 2022.

Consumer 130

Consumer 130

Inside Retail

JULY 28, 2022

New Zealand shoppers will get a warm welcome to what a truly international modern retail outlet centre can offer when Auckland Airport opens its new purpose-built M?nawa Bay premium outlet shopping destination in 2024. Five years in the planning, M?nawa Bay will embrace its park-like location on the Manukau Harbour on the northeastern edge of the Auckland Airport precinct.

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Shopping Fashion Outdoor Accessories 130

Intelligence Node

JULY 28, 2022

Understanding Promotional Pricing and its Common Usage Regardless of whether we as marketers or consumers immediately recognize the phrase, promotional pricing has long since had its place in the commercial. The post The ABC’s of Promotional Pricing for a Successful Retail Business appeared first on Blog.

Promotions 104

Promotions Consumer Marketing 104

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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.

Point of Sale

Inside Retail

JULY 28, 2022

German sportswear maker Puma reported stronger-than-expected second-quarter earnings on Wednesday and raised its full-year revenue outlook, coping with headwinds in China better than rival Adidas. Puma said its earnings before interest and taxes (EBIT) rose 34.4 per cent on the year to 146 million euros (US$148 million), compared with analysts’ average forecast for 128.94 million euros.

Marketing 130

Marketing ATS 130

Retail Wire

JULY 28, 2022

Coca-Cola is retiring Sprite’s green plastic bottle and replacing it with a clear plastic alternative. The current bottle can not be recycled because it contains green polyethylene terephthalate (PET). The new ones do not. “Taking colors out of bottles improves the quality of the recycled material,” Julian Ochoa, CEO of R3CYCLE. “When recycled, clear PET Sprite bottles can be remade into bottles, helping drive a circular economy for plastic.

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Inside Retail

JULY 28, 2022

Years ago, Fused Footwear founder and CEO Philippe Holthuizen did not expect to one day create 3D printed sci-fi-inspired shoes. “I am a product designer at heart. I actually wanted to be a car designer, but I quickly realised that I [do] not have the stamina for it, so I stuck to what I know best [footwear], and I’m in a good place right now,” Holthuizen told Inside Retail.

Fashion 130

Fashion Returns Location ATS 130

Retail Wire

JULY 28, 2022

Chipotle and McDonald’s are each reporting that customers are visiting their locations less often and trading down when they do. McDonald’s CEO Chris Kempczinski said restaurants are holding their own as the cost of food away from home has not climbed at the same rate as food bought to prepare at home.

Location 100

Location ATS 100

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

Management

Nvidia

JULY 28, 2022

Sports produce a slew of data. In a game of cricket, for example, each play generates millions of video-frame data points for a sports analyst to scrutinize, according to Masoumeh Izadi, managing director of deep-tech startup TVConal. The Singapore-based company uses NVIDIA AI and computer vision to power its sports video analytics platform, which enables users — including sports teams, leagues and TV broadcasters — to gain performance insights from these massive amounts of data in real time.

Marketing 119

Marketing Management Consumer ATS 119

Retail Wire

JULY 28, 2022

Loblaw Cos. said second-quarter sales increased 2.8 percent year-over-year thanks to good performance at the company’s No Frills and Maxi discount food banners and its Shopper Drug Mart busines. “Loblaw delivered consistent operating and financial results, as customers recognized the value, quality and convenience delivered through our diverse store formats, control-brand products and our PC Optimum loyalty program,” said Loblaw chairman and president Galen Weston.

ATS 100

ATS 100

Cisco Retail

JULY 28, 2022

Co-author: Ambrose Taylor. You need to add a new switch to a stack of Catalyst 9300 switches, but it will not join the stack. You could open a Technical Assistance Center (TAC) Case for help but would rather find the answers yourself. Finding the answer on your own timeline is the easiest way to solve the problem quickly, which is easily done as you go and find the solution at Verify and Troubleshoot Stackwise on Catalyst’ 9200/9300.

Location 118

Location Management Customer Experience ATS 118

Retail Wire

JULY 28, 2022

Trader Joe’s associates working at a store in Massachusetts are voting on whether or not to be represented by a union. Trader Joe’s United, if approved, would work as an independent union and not be affiliated with a larger organization.

ATS 100

ATS 100

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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.

Nvidia

JULY 28, 2022

A record number of interns calls for a record-sized celebration. In our largest contingent ever, over 1,650 interns from 350+ schools started with NVIDIA worldwide over the past year. Amidst busy work days tackling real-world projects across engineering, automation, robotics and more, the group’s also finishing up a three-day celebration, culminating today with National Intern Day.

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Finance Returns Marketing ATS 108

Retail Wire

JULY 28, 2022

The Federal Trade Commission has filed an injunction to block Meta from acquiring Within, a virtual reality firm that produces the Supernatural fitness app. The government claims that Meta acquired Within to eliminate a competitor. Meta says that the FTC’s case is “based on ideology and speculation, not evidence.”.

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Small Biz Trends

JULY 28, 2022

Remote work arrangements , which began as temporary solutions during the pandemic, are permanent for many companies. There are now three times more remote jobs than in 2020. These arrangements can be a win-win for companies, employees, and communities. Companies save on needed space and employees take fewer sick days. There are also reports that employees are more efficient.

Location 105

Location ATS 105

Dezeen

JULY 28, 2022

Limestone blocks and crushed earth feature in this electric bike shop in Paris , designed by local studio Ciguë to visualise how a car-free city of the future might look. The store belongs to Cowboy , an e-bike brand aimed at urban cyclists, and is located in the department store Le Bon Marche? Rive Gauche. Ciguë has designed an e-bike store for Cowboy in Paris.

Shopping 95

Shopping Boutique Department Stores Outdoor 95

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

Customer Experience

Small Biz Trends

JULY 28, 2022

On Wednesday Bitcoin’s price reached $21,322 with a 24-hour trading volume of $26,39 billion, down from $23,536 last week, according to Coinbase. Bitcoin’s value rose by 0.95% within the last 24 hours, culminating in a Bitcoin weekly trend that is struggling to reach even the halfway point of its previous high. It is currently number one in terms of coin market cap at $407 billion and has a circulating supply of 19,104,675 BTC coins and a maximum supply of 21,000,000 BTC coins.

Marketing 98

Marketing Consumer ATS 98

Mulesoft

JULY 28, 2022

Introducing Finger on the Pulse, a new series where we explore major trends that are shaping business technology. In each post, you’ll learn from our key partners and their perspective on an industry trend through the lens of their unique business. The first interview is focused on the priority of improving employee experiences. How to […]. The post Tailor-fit tech: Improving internal workflows first appeared on MuleSoft Blog.

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Small Biz Trends

JULY 28, 2022

Staying at home with kids is a full-time job on its own. But many moms also want to make extra money online or with a home-based business idea. If you’re looking for the perfect stay-at-home mom business ideas, read on for some options. What is a Mompreneur? A mompreneur is any mom who also runs a business. The term is often applied to those who run companies that serve other moms, or those who serve as the primary caregiver for their children.

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ATS Drop-Shipping Marketing Management 98

Retail Dive

JULY 28, 2022

Customers can purchase secondhand designer items from Rent the Runway on a new “pre-owned” section of Saks Off 5th’s website.

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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.

Planning