Tue.Dec 27, 2022

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The Customer is Always Right: Why Programmable Voice is a Key Component of Digital Retail

Retail TouchPoints

Retail companies looking to digitally transform don’t need to fix what isn’t broken. Instead, these brands need to meet customers where they already are and adhere to their communication preferences — which currently, perhaps surprisingly, points to voice. Vonage’s latest global research shows voice calls are a top-two preferred communication channel by consumers when connecting with brands, and this is likely to increase in the coming year.

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Ames Department Stores will be back in 2023

Retail Wire

The Ames Department Stores discount chain, founded in Massachusetts in 1958, ran over 700 stores in 20 states at its peak but after a couple of bankruptcy filings went out of business in 2002. Recently, however, a notice appeared on amesstores.com announcing that new Ames stores will open in 2023. The first stores will reportedly appear in Connecticut, New York and Pennsylvania with others to come to Rhode Island in 2024.

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Mastercard: Retail Sales Up 7.6% During Holiday Season

Retail TouchPoints

U.S. retail sales excluding automotive increased 7.6% year-over-year for the period from Nov. 1 though Dec. 24, 2022, according to preliminary Mastercard SpendingPulse data. The index, which was not adjusted for inflation, measured in-store and online retail sales across all forms of payment. The payment company saw that online sales grew 10.6% compared to the same period in 2021.

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It was a banner year for jaw-dropping tech headlines

Retail Wire

The year 2022 may mark a turning point in the trajectory of many tech giants. Meta, shedding billions per quarter, mainly due to over-investment in virtual reality technology, laid off 13 percent of its workforce. Twitter suffered at the hands of the Elon Musk takeover to the point of facing bankruptcy and even Amazon seems to have reached a point of retreat from its aggressive growth ambitions.

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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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Walmart, Home Depot and Gap Execs Honored by NRF Foundation

Retail TouchPoints

The NRF Foundation has named five retail execs to its list of People Shaping Retail’s Future 2023. The honorees will be celebrated at the 2023 NRF Foundation Honors on Jan. 15, 2023 at New York City’s Marriott Marquis Times Square. The honorees, chosen for the efforts they have made to fortify communities and improve the lives of others, are: Aman Advani, Co-founder and CEO of Ministry of Supply ; Bahja Johnson, Head of Customer and Community Belonging and Enablement at Gap Inc. ; Erin Izen, Sen

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UPS and Fedex delivery delays continue in wake of winter storm

Retail Wire

The massive storm that slammed vast swaths of the country did a number on last minute Christmas deliveries. UPS yesterday was reporting service outages in 898 zip codes across Michigan, New York, Indiana and Ohio. Fedex said it was experiencing “substantial disruptions” at its DCs in Memphis and Indianapolis. Both firms said they were putting workarounds in place to try to pick up time, but doubtless many recipients will have a few more days to wait for Christmas gifts.

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Opinion: The Fed could be going overboard in fighting inflation

Retail Wire

CNBC economics columnist Ron Insana tends to believe signs that inflation is easing, given that global supply chains seem to be normalizing, rents and housing prices are coming down and the latest report from Friday shows that the annualized inflation rate has fallen below 3 percent, below most forecasts. Mr. Insana is of the opinion that further interest rate hikes by the Fed would be a mistake and that seemingly intractable problems like rising labor costs should be mitigated through immigrati

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Amazing Business Radio: Amy Brown

Hyken

The Power of Listening to Your Customers . Using Conversational Data to Enhance the Customer Experience . Shep Hyken interviews Amy Brown, founder and CEO of Authenticx , a software that listens, analyzes and activates customer voices at scale. She shares findings from Authenticx’s Customer Voices Report and how organizations can use data to drive customer experience strategies.

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For many Japanese, it’s not Christmas without KFC

Retail Wire

KFC (née Kentucky Fried Chicken) prospered in Japan during the country’s fast-food boom of the 1970’s and 1980’s. With only a 1 percent Christian population, Japan society was largely devoid of Christmas traditions. KFC’s management saw an opportunity to (ahem) teach customers how Americans do Christmas — with a “party barrel” of Kentucky Fried Chicken.

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The Importance of Training Employees to Use Your POS System

National Retail Solutions

A modern point-of-sale (POS) system for a small business provides many features that provide business owners with valuable tools to significantly increase revenue, save money, and exceed profit margins. However, these features, such as inventory tracking, reporting and analytics, sales performance monitoring, and CRM, are only useful if employees use[.].

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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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China’s COVID wave threatens Apple’s iPhone production

Retail Wire

The current surge of COVID infections in China has hit 250 million people, according to leaked government reports, and the workers at the Foxconn factory in Zhengzhou, a major supplier of iPhone parts, are certainly not immune. Apple has a plan in place to move more production out of China but most likely not in time to avoid delays in delivering popular iPhone 14 models to customers worldwide.

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Digital ad spend in November declined for first time since 2020

Retail Dive

The 4% year over year dip in digital is joined by an 8% decline in overall ad spend for the month, per findings from Standard Media Index.

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‘Significant increase’ in scanning errors found at North Carolina stores

Retail Wire

The North Carolina Department of Agriculture and Consumer Services’ Standards Division spot checks stores to assess the accuracy of prices charged at checkout versus what is posted on the shelf. When overcharges due to scanner errors exceed a 2 percent rate, the agency works with the store to try to correct the problem, but will impose fines if the violations continue to be detected upon repeat visits.

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What 2023 May Have in Store for Stores

VMS

For all the challenges brick-and-mortar retailers have faced in recent times, from COVID to inflation and more, such stores have adapted to new constraints and found continued relevance, a white paper from location analytics firm Placer Labs Inc. (Los Altos, Calif.) concludes. That said, what does the near future hold for such retailers? To identify likely trends, Placer said it “looked at foot traffic data for leading brands and segments, dove into migration flows and analyzed office recovery p

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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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The sad tale of ‘recycled’ plastic from America burned at waste dumps in India

Retail Wire

Bloomberg reports that among the mountains of plastic waste at an illegal dump site in Muzaffarnagar, India are recyclable containers bearing markings from “Kirkland-brand almonds from Costco, Nestlé’s Purina-brand dog food containers, the wrapping for Trader Joe’s mangoes.” Most obvious, however, are the thousands of discarded plastic Amazon shipping envelopes, complete with their recycling symbols.

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Supply Chain Volume & Wholesale Prices Dropping Rapidly

Independent Retailer

After the pandemic-driven surge in consumer demand that triggered a frenzy of shipping activity and skyrocketing prices, logistics and transportation companies are signaling a fast slowdown. Shipping and wholesale prices are plunging and orders are not being placed as often. . Disruptions in the Container Shipping Industry. The Impact on U.S. Wholesale Imports.

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Retail Adventures Podcast with KIZER & BENDER & BAUM & SEA & SCOTT: Wrapping Up 2022

Retail Adventures

Click HERE or on the photo above to watch the video! 2022 sure flew by! We have a lot of thoughts to share in this December version of the Retail Adventures Podcast, including thoughts on discounting, shopping in NYC during the holidays, Singapore's Orchard Street at Christmas, is thrifting gifts a good thing, plus thoughts on whether store associates should be allowed to sit down on the job, and does months of non-stop holiday music drive associates and customers crazy?

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Keilhauer and Division Twelve Win GOOD DESIGN Awards

VMS

(PRESS RELEASE) TORONTO – The Chicago Athenaeum: Museum of Architecture and Design and the European Center for Architecture Art Design and Urban Studies have recognized Keilhauer and its subsidiary company Division Twelve with three 2022 GOOD DESIGN Awards. Founded in Chicago in 1950 by Eero Saarinen and Charles and Ray Eames, GOOD DESIGN is the oldest design competition in the world.

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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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Post Christmas: The Sales Will Follow

LS Retail

©iStock/Prostock-Studio With the current economic climate and biting inflation, shoppers worldwide desperately seek the slashed prices and mass discounts offered in the infamous after-holiday and January sales. Given the exponential growth of internet traffic within the e-commerce space, retailers should expect sales to skyrocket during the busy sales season.

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How You Can Grow Your Theme Park and Maximize Its Revenue with People Counting

V Count

The amusement park industry not only survived the pandemic and the lockdowns that followed it, but it also managed to grow in both attendance and revenue. As with any other type of business, though, not every amusement park saw success past-lockdown period. While the business of thrills and family fun saw steady growth over the last two decades, many parks had to shut down their doors permanently.

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First Circuit Holds Local Delivery Drivers Are Subject to the FAA

Hunton Andrews Kurth

In a significant win for employers operating businesses utilizing delivery drivers, on November 29, 2022, the First Circuit Court of Appeals held in Immediato v. Postmates, Inc. that couriers completing local, intrastate deliveries were not exempt from the Federal Arbitration Act (“FAA”), and could be compelled to submit to arbitration, because they were not engaged in foreign or interstate commerce.

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