Inside Retail
FEBRUARY 5, 2023
Bain Capital has sold its stake in Retail Zoo – which operates Boost Juice and Betty’s Burgers – to private equity firm Admantem Capital. The value of the deal was reported to be worth about $350 million. Upon completion of the deal, Retail Zoo’s new investment partner will own a majority of the business and partner with the existing management team led by Nishad Alani, CEO of Retail Zoo.
Retail Dive
FEBRUARY 5, 2023
The decision to work with the mass retailer came easily based on customer input, according to Loops CEO Meg Bedford.
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Inside Retail
FEBRUARY 5, 2023
Furniture retailer Nick Scali has reported record sales in its December half and its profit jumped by 70 per cent. In an ASX announcement, the business said sales grew 57.4 per cent to $289.9 million while earnings before interest and taxes increased 65.5 per cent to $91.2 million. Tax-paid profit climbed 70.2 per cent to $60.6 million compared to the same period last year.
Retail Times
FEBRUARY 5, 2023
A showstopping furniture store with serious eco credentials is taking shape in Gateshead, North East England. Works are well underway to transform the former Snow + Rock site in Gateshead into a state-of-the-art flagship Barker and Stonehouse store, bringing together the very best in sustainable design, striking architecture and inspiring home interiors.
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.
Inside Retail
FEBRUARY 5, 2023
Pizza giant Domino’s opened the most stores in the fast food sector last year, according to the 2022 Annual Fast Food & Quick Service Restaurant (QSR) Retail Network Report. Overall the fast food sector saw 301 new stores open a significant rise from the 188 store openings in 2021. Domino’s opened 34 stores, building its portfolio to 754 outlets.
VMS
FEBRUARY 5, 2023
D ESIGN FIRM CUN FF (China) was recently charged with designing the 10th location for Hercules Fitness, a fitness brand that made its debut in 2021. The resulting 86,111-square-foot space in Kunming features a contemporary interior with sharp edges, a dramatic color scheme and a sleek vibe. Boasting a multi-functional training room, a Pilates classroom, a countercurrent swimming pool, a free strength area, upscale locker rooms with personal wardrobes, and even a self-service laundry area, the re
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Retail Smart Guys
FEBRUARY 5, 2023
We know that with the new year starting up, a high volume of transactions is already on every retail business’s plate, including purchases, sales, payroll, inventories, and so much more that have accumulated from last year. Although it is vital to keep your finances up-to-date, admittedly, it is challenging to keep track of everything since the retail industry is already bombarded with numerous challenges.
Inside Retail
FEBRUARY 5, 2023
Lately, it seems that Adidas has been in the headlines for all the wrong reasons. First, there was the furore around Kayne West and his anti-semitic rants, which forced the brand to sever ties, but only after public pressure made it clear there was no other choice. Then, there was the spoof press release written by an activist organisation dubbed The Yes Men, which claimed that Adidas had appointed a former Cambodian union leader as its new co-CEO, duping some reputable outlets, such as The Aus
Retail Smart Guys
FEBRUARY 5, 2023
Wouldn’t it be great to never have to worry about cash flow? As much fun as it is to dream about that, the reality of the retail business is that the best retailers have to always keep track of cash flow to ensure the business is healthy. In reality, a cash flow management plan is highly critical for every business. Without a proper cash flow system, your retail store can be susceptible to issues such as the inability to pay your suppliers, staff, and other necessities.
Inside Retail
FEBRUARY 5, 2023
A lot has been said about AI’s role in the future of our society in recent months, with the likes of ChatGPT and Dall-E 2 enabling more people to test its capabilities than ever before. However, AI has more of a role to play in our lives moving forward than just acting as a personal assistant in your watch, or in helping to write up complex documents.
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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.
Hyken
FEBRUARY 5, 2023
Each week, I read many customer service and customer experience articles from various resources. Here are my top five picks from last week. I have added my comment about each article and would like to hear what you think too. 23 Customer Experience Practices You Should Stop in 2023 by Lynn Hunsaker (CustomerThink) “Do more with less” may be more prevalent this year as some tech firms and many others trim their customer experience teams, programs, and the experience itself.
Inside Retail
FEBRUARY 5, 2023
Established bricks-and-mortar retailers such as Barbeques Galore, Beds n Dreams and Linen House are some of the first brands that have joined a new online homewares supercentre: Homemakercentral. Intended to be a digital companion to traditional homeware shopping centres, the marketplace was created by Bill Gremos, who identified that traditional retailers had to scramble and fight for online attention.
Hyken
FEBRUARY 5, 2023
Each week, I read many customer service and customer experience articles from various resources. Here are my top five picks from last week. I have added my comment about each article and would like to hear what you think too. 23 Customer Experience Practices You Should Stop in 2023 by Lynn Hunsaker (CustomerThink) “Do more with less” may be more prevalent this year as some tech firms and many others trim their customer experience teams, programs, and the experience itself.
Inside Retail
FEBRUARY 5, 2023
Paco Rabanne, the Spanish-born designer best known for his metallic ensembles and space-age designs of the 1960s, has died at the age of 88. The eponymous label he exited more than two decades ago hailed him as “among the most seminal fashion figures of the 20th Century” Rabanne dressed some of the most prominent stars of the 1960s, including French singer Francoise Hardy, whose outfits from the designer included a minidress made from gold plates and a metal link jumpsuit, as well as
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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