Mon.Oct 30, 2023

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Unlocking Commerce: The Win-Win of Dynamic Currency Conversion

Retail TouchPoints

As we navigate the complexities of global commerce, the need for efficient and transparent international transaction methods becomes increasingly apparent. One such payment option that has demonstrated its effectiveness in streamlining these transactions is Dynamic Currency Conversion (DCC). DCC is an optional service offered at the point of sale, allowing customers to view the cost of their purchases in their home currency.

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Melbourne Fashion Week to ban feathers

Inside Retail

Melbourne Fashion Week will ban the use of feathers across its runways beginning FY24 in a bid to protect wildlife, as feathers have become the new fur in the fashion industry causing cruelty and death among birds. It is the only global fashion week to implement a ban on wildlife-derived materials, according to the Feathers are the New Fur report published by the World Animal Protection Australia and the Collection Fashion Justice.

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Unilever Sells Dollar Shave Club as it Refocuses on ‘Core Strategic Growth Areas’

Retail TouchPoints

Unilever has sold subscription razor brand Dollar Shave Club to the U.S.-based private equity firm Nexus Capital Management for an undisclosed amount. Unilever will retain a 35% minority stake in the company after the sale closes later this year. The sale comes a little over seven years after Unilever bought the buzzy DTC brand for an estimated $1 billion.

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Shein buys Missguided brand from Britain’s Frasers

Inside Retail

Shein, the China-founded fast-fashion retailer, has bought the Missguided brand from Mike Ashley’s Frasers Group, the e-commerce giant’s first purchase of a British brand. Frasers said on Monday, Shein will acquire the intellectual property and trademarks of Missguided, while Frasers will retain its real estate and employees which have now been integrated into Frasers’ fashion division.

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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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Facebook and Instagram Launch Ad-Free Subscription Options in Europe

Retail Wire

Meta, the parent company of Facebook and Instagram, has announced the introduction of ad-free subscription plans for users in Europe.

Planning 264
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Crocs, Beyond Yoga, Maje and More Add Resale Programs in Time for the Holidays

Retail TouchPoints

There’s a chill in the air but resale remains hot, with major brands — including Crocs , Beyond Yoga , Tommy Hilfiger Men’s and Maje jumping into the circularity movement. The influx of new secondhand offerings arrives just in time for a holiday season when consumers are largely expected to be more price-conscious than ever as they face continued economic pressures.

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More Trending

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Halloween Candy Prices Surge by 13% This Season

Retail Wire

The price of Halloween candy has seen a sharp increase of 13% this year.

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From styling Beyoncé to a Paris salon: The rise of Marie France Van Damme

Inside Retail

In a world where fast fashion often takes the spotlight, Marie France Van Damme stands as a beacon of slow, deliberate artistry. Recently worn by none other than Beyoncé for her iconic Renaissance World Tour, the Hong Kong-based designer fashion brand is entering a new phase of growth. With a newly-opened salon in Paris – strategically nestled among fashion titans like Dior and YSL – and a diverse clientele that includes A-list celebrities, the luxury label, which is best known for its silk caf

Fashion 130
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McDonald’s Revenue Increases as Some Pay $18 for a Big Mac

Retail Wire

While McDonald's revenue increases, so do its prices.

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Adore Beauty posts growth despite challenging market conditions

Inside Retail

Online beauty retailer Adore Beauty has reported revenue of $47.5 million for the first quarter ended September 30, up 4.7 per cent year over year. The increase was supported by growth in active customers, successful loyalty and promotional activity, and a record 497,000 returning customers, the company said. Tamalin Morton, CEO of Adore Beauty, described it as a “solid start” to FY24 although trading conditions remain challenging.

Marketing 130
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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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The Power of Pricing: How to Secure the Buy Box at Higher Rates

Wiser

Understanding the dynamics of pricing in the eCommerce landscape is critical for any online merchant. Among various strategies to boost sales, securing the Buy Box plays an instrumental role in providing shoppers with a seamless online shopping experience. The Buy Box is a feature on many eCommerce platforms, popularly Amazon, where customers can directly proceed to purchasing products without having to navigate through multiple sellers.

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Walgreens and CVS Pharmacy Employees Plan Pharmageddon

Retail Wire

Could this be the beginning of the Pharmapocalypse for Walgreens and CVS Pharmacy?

Planning 130
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Small Businesses Win Hearts: Warm Welcomes, Complimentary Samples and Exclusive Birthday Discounts Elevate the Shopping and Customer Experience

365 Retail

In an era marked by financial caution, the dynamics of shopper loyalty are shifting, particularly in light of the ongoing cost-of-living crisis. A comprehensive survey by Tyl by NatWest offers a deep dive into the changing relationship between consumers and retailers, examining the factors that attract shoppers to both small boutiques and large commercial outlets.

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Restaurant Surcharge News Goes Viral

Retail Wire

Is this $50 surcharge for noisy kids too much to ask for?

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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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PPDS launches new ‘sized up’ 32” Philips Tableaux ePaper display including latest E Ink Spectra™ 6 technology for retail environments

365 Retail

PPDS, the exclusive global provider of Philips Professional Displays and complementary solutions, is delighted to announce the latest evolution of its multi-award-winning ePaper signage range, with the launch of the new 32” (16:9) Philips Tableaux 5150I for retail environments. Extending PPDS’ global strategy and commitment to bringing high-impact, more sustainable, energy conscious solutions to market, the new 32” Philips Tableaux 5150I signals a breakthrough in technology for larger form facto

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LEGO Announces New History Museum Set with 4,000 Pieces

Retail Wire

Are you ready to build the new LEGO History Museum?

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Shein snaps up Missguided from Frasers Group

Retail Gazette

Shein has snapped up UK fashion brand Misguided from Frasers, just over a year after the group bought the business Shein bought the IP for the brand and is set to manage and license Missguided via Sumwon Studios, and will make the items to be sold on both Missguided.com and its own website. Frasers will keep Missguided’s real estate and staff, which have been integrated to its fashion division.

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Target to offer weekly deals through Black Friday weekend

Retail Dive

The retailer is also bringing back its price match guarantee for the season, which will meet select competitors’ prices for two weeks after purchase.

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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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Amazon staff announce Black Friday strikes at ‘Make Amazon Pay’ summit

Retail Gazette

Amazon staff have unveiled plans for protests and strikes on Black Friday across over 30 countries, including the UK. Plans for the day of action on 24 November were revealed during the first “Make Amazon Pay” summit of political leaders and trade unionists last week in Manchester, where staff were urged to “join the global fight for their rights” The news follows Amazon reporting its profits tripled to roughly £8.2bn on Thursday.

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UK private equity firm in talks to acquire The Body Shop

Retail Dive

Owner Natura & Co. months ago told shareholders it was looking for buyers for the struggling personal care brand.

Shopping 126
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An Anchor in the Race

Cisco Retail

The theme for DistiNext 2023 was Growing Together. This theme ties perfectly into our theme for Americas Distribution, Going Hypersonic to Fuel Partner Success.

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L Catterton sells stake in men’s apparel brand Rhone

Retail Dive

The brand closed on a round of financing through a special purpose vehicle fund that provided capital needed to buy out the private equity firm’s minority stake.

Apparel 104
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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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Mobile Wallets: Definition, Types, and Benefits

Shopify

Mobile wallets are a popular contactless payment method. Find out what the benefits are of accepting mobile wallets and how to accept them in-store.

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Crocs Launches Takeback Pilot Program

RIS News

Crocs has initiated a retail takeback pilot program, aimed at enhancing its sustainability and circular economy efforts.

ATS 106
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Today in Global Small Business: The History of Halloween 2023

LS Retail

©2023 Laurel J. Delaney. All rights reserved. What's affecting me, my clients, my colleagues and other global small business owners: The history of Halloween. Spooky Halloween traditions around the world. Halloween is gathering popularity around the world. Quote of the week: "It's Halloween; everyone's entitled to one good scare." – Brackett, Halloween There's so much to talk about regarding Halloween.

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The Home Depot Names Senior EVP and EVP of U.S. Stores and Operations

RIS News

The Home Depot announced two leadership changes to align the organization around its largest growth opportunity – pro customers.

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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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The Skinny Confidential lands in Nordstrom

Retail Dive

The move marks the first nationwide retail partnership for the company’s beauty brand, which launched in 2021.

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Plan for Supply Chain Success This Holiday Season

RIS News

There are steps shippers can take that will yield benefits in the long run, no matter what the coming months hold. Learn more.

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Xero: positive jobs growth overshadowed by late payments for UK small businesses

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Despite tentative jobs growth, small businesses experienced slow sales growth and rising late payment times in the three months to September, according to the latest data from global small business platform Xero.

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Consumers, inflation give hopeful Halloween retailers a dose of the scaries

Retail Dive

Total Halloween spending is forecast to hit $12.2 billion this year, but rising wage and sugar costs are cutting into profits.

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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