Thu.May 04, 2023

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Digital Signage is Yoked and Ready for its Close-Up Thanks to RMNs

Retail TouchPoints

Oh great, another screen I need to market on, said no brand manager ever. And yet 2023 may be remembered by C-suite marketing teams everywhere as the year when the not-very-exciting category of digital signage became supercharged thanks to two key elements: retail media networks and first-person data. With the expansion of retail media networks (RMNs), retailers have introduced an array of new state-of-the-art digital screens closer to the point of purchase, thus creating myriad opportunities fo

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Michelle Obama co-founds healthy food and beverage company for kids

Retail Wire

Former first lady Michelle Obama co-founded PLEZi Nutrition, a company that sells “healthier, great-tasting products” for kids. “I’ve learned that on this issue, if you want to change the game, you can’t just work from the outside. You’ve got to get inside—you’ve got to find ways to change the food and beverage industry itself,” Ms. Obama said. “I’m proud to announce the national launch of a company designed not just to provide better products, but to jumpstart a race to the top that will transf

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Shein Adds Third-Party Marketplace in U.S.

Retail TouchPoints

Value shopping app Shein is opening up its platform to third-party sellers with the debut of a new global integrated marketplace. Up until now Shein has operated as a traditional retailer by acquiring its own inventory. This contrasts with fellow China-based discount shopping apps such as Wish and Temu , which use a consumer-to-manufacturer marketplace model.

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RKumar Opticians Bopal Store, Ahmedabad

Retail Focus

Every retail experience is drawn from a story—this optical store is developed as a creative dialogue between I’m D’sign and the experimental wing I’mX, signalling the dawn of the digital age. Its vision for the future comes live with the spatial experience that brings a monochrome edge with an out-of-the-world glare speaking for the new, while a transcendent appeal holds onto the stature of this renowned brand in India.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

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.

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Amazon Adds Uber Eats Delivery Updates to Smart Device Repertoire

Retail TouchPoints

Amazon and Uber have entered into a partnership that will integrate Uber Eats directly into Amazon Echo devices, letting shoppers track their orders hands-free. Alexa will provide timely updates on critical points in the delivery process, such as when an order is being prepared through when the order has been delivered. Shoppers can set how often they want to receive updates, as well as which devices they want Alexa to use to make announcements.

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Online alcohol retailer BoozeBud appoints administrators

Inside Retail

BoozeBud, the online liquor retailer, has collapsed and entered administration joining a growing list of e-commerce-based delivery services going under. Established in 2014 by Alex Gale, Mark Woollcott, and Andy Williamson, the company sold a range of beer, wine and spirits products online before being acquired by Carlton United Breweries in 2017. In 2020, it was sold back to its original founders, Catcha Group and some individual investors.

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L’Occitane’s sales soar as multi-brand strategy pays off

Inside Retail

Soaring sales in the Americas and a growing brand portfolio helped drive beauty retailer L’Occitane International’s global sales up by 17.9 per cent in the year to March 31, to US$2.356 billion. Sales surged 80.4 per cent in the region – or 62.8 per cent at constant exchange rates – mainly thanks to the US performance of the group’s Sol de Janeiro brand acquired 18 months ago, and Elemis.

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Wayfair Launches In-Store Immersive Virtual Room Creation Technology

Retail TouchPoints

Wayfair has launched the Digital Design Studio, a patent-pending technology that aims to bring the best of online and in-store shopping together. The Studio is a kiosk that allows customers to create and interact with a variety of design layouts and experience products in a digital, fully 3D room with photorealistic quality. The technology will debut at the Dedham, Mass.

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Online alcohol retailer BoozeBud appoints administrators

Inside Retail

BoozeBud, the online liquor retailer, has collapsed and entered administration joining a growing list of e-commerce-based delivery services going under. Established in 2014 by Alex Gale, Mark Woollcott, and Andy Williamson, the company sold a range of beer, wine and spirits products online before being acquired by Carlton United Breweries in 2017. In 2020, it was sold back to its original founders, Catcha Group and some individual investors.

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Shopify laying off 20 percent of staff, selling logistics division

Retail Wire

Shopify said it is cutting 20 percent of its workforce and selling its Flexport logistics business. The layoffs are the online platform provider’s second major round of job cuts this year.

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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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“We have a lot of rebuilding to do”: Julie Mathers’ return to Flora & Fauna

Inside Retail

Just shy of a month since beauty conglomerate BWX fell into receivership, its e-commerce arms, Flora & Fauna and Nourished Life, have found a new home. Well, kind of. Working together with New Zealand health and beauty retailer HealthPost, Flora & Fauna founder and former owner Julie Mathers is taking over BWX’s digital brands, and will play a key role in the business’ efforts to return to form.

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Macy’s to open more standalone stores and close in some malls

Retail Wire

Macy’s, Inc., which has opened 10 Market by Macy’s and Bloomie’s stores, is adding five of the smaller, standalone stores this fiscal year. The smaller shop concepts have outperformed the retailer’s traditional department stores in malls. “The hope is that we’re going to have a model that we’re going to be able to scale more aggressively in 2024 and beyond,” CEO Jeff Gennette said in March. “We’re very bullish on the concept.

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How Miss Amara’s Lydia Bertini forged a new career in e-commerce

Inside Retail

Inside Retail’s Top 50 People in E-Commerce is an annual ranking of the most impressive and inspiring leaders in Australia’s online retail industry. Our 2023 report features C-level executives with decades of leadership experience, alongside start-up founders and digital specialists with a wide range of skills, from marketing to logistics. You can download it here.

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Amazon’s Latest Strategy to Minimize eCommerce Returns

Intelligence Node

Post-purchase experiences such as “Free & Easy Return Policies” have long since set the standard for digital shopping experiences online. As eCommerce returns rates rise, however, major brands and marketplaces. The post Amazon’s Latest Strategy to Minimize eCommerce Returns appeared first on Blog.

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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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Retail appointments of the week

Inside Retail

Tom Ford names new executive team By Dean Blake Luxury fashion brand Tom Ford has announced Guillaume Jessel as its new president and CEO, and Peter Hawkings as its creative director. The appointments come following Tom Ford’s acquisition by the Estée Lauder Companies in November 2022, which will see founder Tom Ford and chairperson Domenico De Sole stay on as consultants until the end of calendar 2023.

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‘Superfake’ handbags are a problem for luxury fashion

Retail Wire

Designer knockoffs that look very close to the original but at a fraction of the price are substantially cutting into sales of the real things in many places around the globe. These so-called “superfakes” are so good that, in some cases, they are difficult for professional authenticators to identify.

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Super Retail Group flags inflation fears, despite solid Easter trading

Inside Retail

Super Retail Group says inflation and higher wages might add to the group’s cost of doing business in the second half. In a trading update, the group – which owns brands including BCF, Macpac and Rebel – reported a 10 per cent lift in sales during the first 43 weeks of the financial year, underpinned by strong Easter trading. Group MD and CEO Anthony Heraghty said the current macro environment remains “challenging” for the business but assured shareholders that its market position and loyal cust

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FTC says Meta gave developers access to kids’ data

Retail Wire

The Federal Trade Commission alleges that Meta violated the terms of a 2020 privacy settlement that required it to restrict how third parties used users’ data. The FTC says Meta continued to give app developers access to private information for children and teens under 18 after signing the agreement. Meta spokesperson Andy Stone called the announcement a “political stunt” and said, “We will vigorously fight this action and expect to prevail.

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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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Loewe opens first Recraft store – repairing and restoring bags

Inside Retail

Luxury label Loewe has opened its first recraft store, Loewe ReCraft, as part of its commitment to the long-term viability of the brand’s handcrafted bags. Located in Osaka, Japan, the store offers nurturing and repairing services as well as a large range of woven leather baskets and pockets made from repurposed surplus materials from past seasons.

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CPGs, restaurants and food retailers pursue budget-minded consumers

Retail Wire

Big food companies, restaurants and grocery retailers seek product answers to fit the budgetary constraints of lower-income consumers struggling with inflation. Food inflation has slowed recently but was still up 8.5 percent in grocery and 7.9 percent in fast food in March.

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Excess Inventory: What It Is and 7 Ways to Manage It (2023)

Shopify

Getting rid of your excess inventory is a necessary part of any retail business. But it’s also an opportunity to improve your bottom line. So let’s take a look at seven ways to get rid of your surplus inventory.

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A new chain in Canada arises in former Bed Bath & Beyond locations

Retail Wire

A new retailer – rooms + spaces – is looking to succeed in Canada where Bed Bath & Beyond failed. The concept, the brainchild of serial entrepreneur Doug Putman, plans to open a concept that is an improved version of the store it replaces. “We want to take what was good about Bed Bath but we want to make it even better,” Mr. Putman said.

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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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New “Learning Map” Lets You Bring DevOps to Life at Cisco Live!

Cisco Retail

Estimated read time: 4 minutes Learn how to optimize your approach to DevOps DevOps has revolutionized the way enterprise software is developed and deployed, enabling development and operations teams… Read more on Cisco Blogs

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Darden Restaurants buys Ruth’s Chris Steak House

Retail Wire

Darden Restaurants, the owner of Longhorn Steakhouse and Olive Garden, has acquired Ruth’s Chris Steak House in an all-cash deal valued at $715 million.

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Moreno Valley Promotes Commercial Growth

Shopping Center

One location in Southern California consistently wins out when it comes to successful companies looking to expand their brand: the City of Moreno Valley. Companies like Sprouts, Raising Cane’s, Texas Roadhouse, Hilton, Capriotti’s and WoodSpring Suites are developing and growing… The post Moreno Valley Promotes Commercial Growth appeared first on Shopping Center Business.

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5 Ways Dollar Stores Make Money & Beat the Competition

Indigo 9 Digital

By Tricia McKinnon Amidst a shakeup in the retail sector over the past decade dollar stores have been particularly resilient. There are now more dollar stores in the United States than McDonald’s and Starbucks locations combined. 2022 marked Dollar General’s 33rd consecutive year of same store sales growth, a record even Walmart would be envious of.

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The Personalization Playbook: 2024 Strategies

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.

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Interested in better securing your EHR?

Cisco Retail

Did you know that in the United States alone, over 76 billion instances of highly confidential Protected Health Information (PHI) have been reported to be exposed in breaches in the past 24… Read more on Cisco Blogs

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PAVE Global and goodMRKT Bring Student Design Challenge to #RICE23

Retail TouchPoints

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Nordstrom to shutter its downtown San Francisco stores

Retail Dive

The retailer has run its full-line store at the Westfield San Francisco Shopping Centre for 35 years, and its off-price Rack across the street for nine.

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Apple Steps of Service: 5 Tips to Improve Customer Service

Shopify

Applying Apple steps of service to your retail business is a great way to improve the customer experience and retain store staff.

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How Personalized Customer Experiences Drive Retail Growth and Revenue

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