Retail Focus
FEBRUARY 2, 2023
Lladró has announced the opening of a new store in New York, the first in the US with the brand’s new concept. This new retail concept is dedicated to showcasing Lladró’s most innovative and groundbreaking creative designs and collaborations. The interior design of the store is a collaboration between Valencia-based Carmen Baselga Taller de Proyectos and Lladró’s store engineering team.
Retail TouchPoints
FEBRUARY 2, 2023
Nike and Tiffany & Co. are collaborating on several products, including a pair of sneakers and silver shoe accessories, that will launch March 7. The sneaker will be an all-black pair of Nike Air Force 1 sneakers , also known as 1837s, featuring the Nike swoosh in Tiffany blue and a sterling silver adornment. The sneakers will retail for $400 , a significantly higher price tag than the approximately $100 for standard Air Force 1 sneakers.
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Inside Retail
FEBRUARY 2, 2023
American fashion brand Brooks Brothers has relaunched in the Australian market with its new Autumn/ Winter 2023 collection. In a joint venture with Oroton Group, the first Brooks Brothers store in Australia opened its doors in 2014 at Melbourne’s The Emporium and with a 2293sqft store. But after two years of collaboration expanding to 13 storefronts and a local online store, Oroton Group exited the joint venture Brooks Brothers Australia and sold its whole interest to the US parent firm
Retail TouchPoints
FEBRUARY 2, 2023
Unclaimed Baggage , which sells luggage that airlines haven’t been able to reunite with its original owners, will host a “ Love Luggage ” event in its Scottsboro, Ala. store on Feb. 11. Customers will be invited to hand-paint suitcases with “works of heart” destined for children moving to new foster homes. “Throughout the year, Unclaimed Baggage takes suitcases to schools, charities, social and business groups to be hand-painted for children moving to new foster homes,” said Jennifer Kritner, VP
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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.
Inside Retail
FEBRUARY 2, 2023
Wesfarmers has laid off 100 staff in its e-commerce division Catch Group this week, with key departments impacted including marketing, product and technology, and finance. “Like many e-commerce brands, Catch has made the difficult decision to reduce its workforce as the business adjusts to changes in online demand that has occurred following the Covid period,” a spokesperson told Inside Retail.
Retail TouchPoints
FEBRUARY 2, 2023
Siman Group , which operates 15 large department stores across Central America, has deployed an item-level RFID solution that has raised its inventory accuracy levels from the 65% to 70% range up to 95%. Following a 2020 consultation period and pilot with solution provider SML in its El Salvador store, the retailer rolled out SML’s Inspire RFID tags and Clarity enterprise software chainwide.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail TouchPoints
FEBRUARY 2, 2023
ThredUP is teaming up with TikToker Nava Rose to launch the Dump Fast Fashion Shop, an online secondhand storefront to help consumers thrift for Valentine’s Day and beyond. The company also continues to grow its resale-as-a-service offering, with specialty retailer Francesca’s tapping ThredUP to power its new resale offering. The Dump Fast Fashion Shop was inspired by ThredUP’s Wardrobe Resolutions Survey, which found that more than one in three consumers ( 36% ) are resolving to quit fast fashi
Inside Retail
FEBRUARY 2, 2023
In today’s digital landscape, consumers have quickly become the driving force of how businesses conduct their marketing and customer-facing operations. As such, it is essential that brands stay abreast of consumer expectations in order to keep up with the changing times. To help marketers navigate consumers’ changing viewpoints, Marigold – the newly relaunched global relationship marketing pioneer ( formerly CM Group ) – recently released new research that uncovers what consumers expect from the
Retail TouchPoints
FEBRUARY 2, 2023
Sensormatic Solutions and Zliide have entered a collaboration aimed at enabling self-checkout experiences that eliminate register queues and streamline the shopper experience. The combined solutions will work to reduce shrink while making self-checkout simpler for customers. As the relationship progresses, data from the Zliide system will be integrated into the Sensormatic IQ ecosystem.
Retail Wire
FEBRUARY 2, 2023
Fanatics is launching a live-streaming service to enable collectors to purchase sports memorabilia. The company has hired former Snap executive Nick Lead to lead Fanatics Live.
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 TouchPoints
FEBRUARY 2, 2023
Fanatics has hired former Google and Snap executive Nick Bell to serve as CEO of a new livestreaming division, Fanatics Live, according to multiple reports. Fanatics Live will launch as a standalone app with a corresponding website in the second half of 2023. The new division will focus on live commerce, starting with the Fanatics Collectibles business, according to Sports Business Journal.
Inside Retail
FEBRUARY 2, 2023
Apple on Thursday forecast that revenue would fall for a second quarter in a row but that iPhone sales were likely to improve as production had returned to normal in China after Covid-related shutdowns. While striking an optimistic tone on sales of services and iPhones, CEO Tim Cook said an uncertain economy is expected to hurt categories like gaming and digital advertising.
Retail Wire
FEBRUARY 2, 2023
A man carrying an AR-15-style rifle and 13 loaded ammunition magazines was fatally shot by police after he entered a Target in Omaha, NE. Police said they encountered the man in the store after responding to dozens of 911 calls. The unidentified man fired multiple shots as he entered the store. It is not clear if those shots were directed at any individuals.
Inside Retail
FEBRUARY 2, 2023
The MLB brand recently opened its first store in Malaysia in partnership with local distributor, Valiram Group, and Mukesh Valiram, the executive director of Valiram Group, is excited about the opportunities ahead. “2023 is off to a great start with the success of the MLB store opening in Malaysia this month,” he told Inside Retail. Valiram has partnered with the MLB brand to launch in Malaysia, Singapore and Indonesia.
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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
FEBRUARY 2, 2023
Cathie Wood, CEO and chief investment officer at Ark Invest, thinks that robots will outnumber humans working at Amazon.com facilities in the near future. “Amazon is adding about a thousand robots a day. … If you compare the number of robots Amazon has to the number of employees, it’s about a third. And we believe that by the year 2030 Amazon can have more robots than employees,” said Ms.
Inside Retail
FEBRUARY 2, 2023
After almost a year of consecutive increases, the retail industry saw a 3.9 per cent decline in month-to-month spending between November and December 2022. While food retailing saw a slight increase, most industries saw turnover fall between the two months. The biggest swing occurred in department store spending, which saw a 14.3 per cent drop over the two month period.
Retail Wire
FEBRUARY 2, 2023
Subway CEO John Chidsey is very excited about adding meat slicers to the sandwich chain’s stores. “We were one of the few, if only, sub shop that didn’t slice in-restaurant. Not only does it give the guest a better perception of seeing the nice, fluffy meat, but we save a lot of money since we were paying a lot of money to have it sliced upstream,” he said.
Inside Retail
FEBRUARY 2, 2023
Last week, Endeavour Group’s BWS tried its hand at a new frontier: serving piping hot coffee for its Devonport, Tasmania customers. The business’ Gateway Drive store is the first in BWS’ new Double Shot drive-thru sites, created in partnership with local coffee firm Oasis Griffiths Group, and aims to take advantage of the store’s four-lane drive-thru facilities.
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
FEBRUARY 2, 2023
Apple saw continued disruptions in its manufacturing supply chain last year, and that directly affected its ability to get its new iPhone 14 Pro models into the hands of consumers. The technology giant is expected to post its first sales decline in nearly four years when it reports its most recent quarterly results later today.
Inside Retail
FEBRUARY 2, 2023
Much has been said about Federal Treasurer Jim Chalmers’ 6000-word essay, published earlier this week in The Monthly , which outlined a concerted push from the Government to foster ‘values-based capitalism’ in Australia’s business sector. Built on the tenets of an orderly transition to renewable energy, a more adaptable and resilient economy, and a focus on equality and equal opportunity for all Australians, Chalmers’ assertion is that while there will always be naysayers to such progress, the
Retail Wire
FEBRUARY 2, 2023
Job openings in December rose above 11 million, up from 10.4 million in November, according to data from the Bureau of Labor Statistics. The number of job openings in December reached the highest level since July. “Last year the labor market was white hot,” said Daniel Zhao, lead economist at Glassdoor. “Now it’s just hot.
Inside Retail
FEBRUARY 2, 2023
David Jones has teamed with Australian brand Frenchie to sell sexual wellness products at a Valentine’s Day pop-up at the retailer’s flagship Sydney CBD store from February 10-14. David Jones’ category manager of beauty, Ben James Mitchell, said the rapid growth of the sexual wellness industry over the past few years has resulted in a growing demand for personal pleasure products from within the beauty and self-care space.
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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.
Retail Wire
FEBRUARY 2, 2023
Barnes & Noble has gone in the course of a few years from a floundering bookstore chain in search of an identity to one that has refocused on reading and begun opening new stores again. The chain opened 22 new locations in the last fiscal year.
Inside Retail
FEBRUARY 2, 2023
Asian fashion brands are getting into the metaverse in a big way, thanks to a recent joint venture between Singaporean platform aggregator 1MetaWorld and Seoul-based Fame Universe. The aim of the partnership, dubbed 1Fame , is to help fashion designers and digital creators create, launch, sell and produce their own digital fashion non fungible tokens (NFTs) in connection with physical garments and real-world experiences.
Retail Wire
FEBRUARY 2, 2023
Americans are buying chickens to lay eggs as a hedge against a steep rise in prices resulting from millions of birds being culled due to avian influenza. “We’re already sold out on a lot of breeds — most breeds — until the summer,” said Meghan Howard, who runs sales and marketing for Meyer Hatchery in Ohio. “It’s those egg prices. People are really concerned about food security.
Inside Retail
FEBRUARY 2, 2023
Best and Less, The Reject Shop CEOs depart By Rakshnna Pattabiraman The CEOs of two discount retail chains — The Reject Shop and Best & Less Group — have stepped down with immediate effect today citing personal reasons. Phil Bishop, the CEO of The Reject Shop, will leave the business after just six months in the role , while Best & Less Group CEO Rodney Orrock has stepped down to continue his recovery from cancer.
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
Hunton Andrews Kurth
FEBRUARY 2, 2023
The FTC unanimously approved a consent order this week requiring Credit Karma, LLC to pay $3 million dollars for allegedly advertising to consumers that they were “pre-approved” for credit card offers, when in reality, the customers were not pre-approved, and in fact, were frequently rejected. Credit Karma’s advertising—which purportedly took place over three years between February 2018 and April 2021—consisted largely of emails and webpages telling consumers they were “pre-approved” for various
Inside Retail
FEBRUARY 2, 2023
While millennials aren’t a generation who are, by default, programmed for the traditional notions of workplace hierarchy (i.e., the corporate ladder) there still exists a pressure, so to speak, of adhering to this social construct of ‘progression’. (And I say ‘progression’ because this of itself, is a term that means different things). While workplaces have shifted over the years when it comes to offering pathways for progression and satisfying the needs for growth and development – particularly
Retail Dive
FEBRUARY 2, 2023
The e-commerce platform, which invested in Notable Live, wants to offer experiences, digital tokens and athletic merchandise to sports fans.
Inside Retail
FEBRUARY 2, 2023
Zeller, one of Australia’s fastest-growing companies, has announced new financial services products that mean any Australian business can now use the company’s products, including a free, standalone transaction account and debit card that replace the outdated solutions provided by Australia’s traditional business banks. Zeller has established itself as a leader in payments, signing up over 30,000 businesses in less than two years.
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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.
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