Thu.Jun 30, 2022

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Bed Bath & Beyond Promotes Two Executives to Top Finance Positions

Retail TouchPoints

One day after announcing the departure of CEO Mark Tritton , Bed Bath & Beyond has named Laura Crossen as its new SVP of Finance and Chief Accounting Officer, and Susie Kim as SVP of Treasury and Investor Relations. Both appointments are effective immediately. Crossen, who has been with the retailer since 2001, will lead the team responsible for executing global accounting operations, financial reporting and tax functions, and will continue to report to EVP and CFO Gustavo Arnal.

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Workforce crisis: 40,300 retail jobs vacant across Australia

Inside Retail

As the country grapples with a crippling labour crisis, new data from the Australian Bureau of Statistics (ABS) show there were more than 40,300 vacant jobs in the retail sector in May. This is an increase of 11,200 vacancies – or 38.5 per cent – compared to February last year. Despite inflationary pressures, retail sales surged 10.4 per cent in May year-on-year.

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H-E-B Edges Out Amazon, Walmart as Americans’ Favorite Online Grocer

Retail TouchPoints

H-E-B narrowly defeated second-place Amazon and third-place Amazon Fresh as the top-ranked ecommerce grocer in the U.S., according to dunnhumby’s inaugural Ecommerce Retailer Preference Index (RPI). Walmart made it to fourth place and Sam’s Club rounded out the top five. The study uncovered a number of interesting insights into the mindset of online grocery shoppers.

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British retail giant takes stake in Australia’s MySale

Inside Retail

The parent of House of Fraser and Sports Direct, Frasers Group, has bought a 28.7 per cent stake in the local subsidiary of Australian-headquartered fashion marketplace owner, MySale. Founded in 2007, MySale currently operates retail websites in four markets – Australia, New Zealand, Singapore and Malaysia – with its sites Oz/Sale, NZ/Sale, My/Sale and Sing/Sale.

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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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H&M, Google Cloud Partner to Draw on Store, Online, Brand and Supplier Data to Boost CX

Retail TouchPoints

H&M will work with Google Cloud ’s computing services to improve its customer experience and supply chain capabilities, by leveraging data analytics and the technology provider’s secure, sustainable global infrastructure. The partnership’s goal is to develop an enterprise data backbone that includes a core data platform, data product and advanced AI and machine learning to optimize performance.

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Rainbow washing: What is it and why it needs to stop

Tokinomo

It’s almost the end of June and the world seems to be filled with rainbow-colored flags. The retail industry is no stranger to rainbow flags. You can see them in almost every store and even on various products from well-known brands. But where’s the line between real LGBTQ+ support and marketing?

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Sneaker heads get their digital kicks at Salvatore Ferragamo NYC store

Inside Retail

Italian fashion house Salvatore Ferragamo recently opened a new concept store at 63 Greene Street in one of New York’s most chic districts, Soho. It’s the luxury brand’s foray into mixing a high-end retail experience with digital creativity and customisation. Inside the 240sqm store, periwinkle walls and columns create a stunning backdrop to mirrored surfaces and plush minimalist furnishings.

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Opterus Updates its Platform for Greater Control Over Task Management

Retail TouchPoints

Cloud communications and task management solution provider Opterus has launched OPSCENTER 22.1, an updated version of its task management solution aimed at solving retail-specific-execution challenges. OPSCENTER 22.1 is designed to help retailers achieve effective operations and enhance employee productivity. New modules and features include: The Apps Links module, which provides access to both internal and external links directly from OPSCENTER to ensure employers have all needed tools and reso

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Proud local creates shop window for Barossa producers

Inside Retail

Long-time winemaker Shelley Cox has found a cost-effective way to promote and sell brands from her Barossa community. Cox is the founder of Makers & Merchants Barossa, a collective store showcasing the work of local creatives and producers. Shelley pivoted from her 20-year winemaking career in 2018 to start her consultancy business guiding small businesses in the Barossa.

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Amazon to Share Shopper Insights from its Grocery Stores with Brands

Retail TouchPoints

Amazon has rolled out a new store-based analytics service that will give brands insights into how their products are discovered, considered and purchased at Amazon Go and Amazon Fresh stores in the U.S. The new analytics offering uses technology from Amazon’s Just Walk Out cashierless payment system and its Dash Cart smart shopping carts, so the service is only available at stores with one or both of those capabilities.

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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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Retail appointments of the week

Inside Retail

Dan Murphy’s new managing director steps up. Australian liquor chain Dan Murphy’s has announced Agnieszka Pfeiffer-Smith will take up the role of managing director, stepping across from parent company Endeavour Drinks. Pfeiffer-Smith is currently Endeavour Drinks’ chief strategy officer, and will work with outgoing managing director Alex Freudmann over the next few months.

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Amazon launches in-store measurement service for CPG brands

Retail Wire

Amazon.com has launched Store Analytics, a new in-store measurement service to provide consumer packaged goods companies with insights about the performance of their products, sales promotions and ad campaigns in the retailer’s convenience stores and supermarkets.

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The perfect brew: Vittoria’s Food & Beverage MD talks expanding DTC

Inside Retail

Founded in 1947, Vittoria has been delivering coffee to customers, restaurants, cafes, and other partners for over 70 years. But in the last few years, alongside much of the FMCG industry, the business had to shift the way it operates to survive in an upended market. With a stronger focus online and a wider product range, Vittoria is now looking at new ways of reaching its customers and giving them what they want: the perfect brew.

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States may try to restrict company-paid travel for abortions

Retail Wire

It’s been less than a week since the U.S. Supreme Court overturned Roe v. Wade. Some states looking to allow abortions may seek to prevent companies from offering employees the financial means to travel out-of-state to obtain the medical help they need.

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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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The Warehouse Group has a plan to keep prices low as recession looms

Inside Retail

New Zealand’s The Warehouse Group is banking on a new technology to help it generate more revenue from digital advertising, so it can reinvest in keeping prices low amidst a looming economic recession. The company, which owns The Warehouse, Warehouse Stationery, Noel Leeming, Torpedo7 and TheMarket, has launched a new retail media platform that makes it easier for brands to place digital ads on Google, Facebook and TikTok, as well as The Warehouse Group’s own e-commerce sites.

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FCC commissioner wants TikTok off Apple and Google app stores

Retail Wire

Brendan Carr, a member of the Federal Communications Commission, has asked Apple and Google to remove the TikTok app from their stores because its “pattern of conduct and misrepresentations regarding the unfettered access that persons in Beijing have to sensitive U.S. user data” violates the company’s standards for third-party sellers.

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Proud local creates shop window for Barossa producers

Inside Retail

Long-time winemaker Shelley Cox has found a cost-effective way to promote and sell brands from her Barossa community. Cox is the founder of Makers & Merchants Barossa, a collective store showcasing the work of local creatives and producers. Shelley pivoted from her 20-year winemaking career in 2018 to start her consultancy business guiding small businesses in the Barossa.

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Top of Mind Security Insights from In-Person Interactions

Cisco Retail

The past few months have been chockfull of conversations with security customers, partners, and industry leaders. After two years of virtual engagements, in-person events like our CISO Forum and Cisco Live as well as the industry’s RSA Conference underscore the power of face-to-face interactions. It’s a reminder of just how enriching conversations are and how incredibly interconnected the world is.

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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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“We need to move faster”: Mulberry CEO on traceability and transparency

Inside Retail

Industry leaders, including luxury retail execs Mulberry CEO Thierry Andretta and Ganni founder Nicolaj Reffstrup discussed transparency and traceability during the recent Global Fashion Summit in Copenhagen. According to Reffustrup, for those brands that are making sustainability efforts, “transparency is key”. He feels that as the fashion industry does not have widely accepted standards in terms of auditing, there is a concept of moral obligation at play here.

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Opioid settlement weigh on Walgreens’ profits

Retail Wire

Walgreens reported fiscal third-quarter profits of 33 cents a share, down from $1.38 last year. The pharmacy giant said its “operating loss in the quarter reflects a $683 million charge related to the opioid settlement with the State of Florida and higher costs related to the Transformational Cost Management Program.”.

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Retail leaders share their top tips for going global

Inside Retail

During the next two years, 20 per cent of all e-commerce sales are expected to be cross-border. This represents a major growth opportunity for retailers, but where should they begin, and what do they need to keep in mind before expanding? . A recent webinar tackled these and other questions with insights from Jeremy Krause, chief innovation and disruption officer at Global Retail Brands, Halie Adams, senior product marketing manager at BigCommerce, and Mathew Hosking, head of commercial ANZ at K

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Target moves closer to latest small store opening

Retail Wire

Target will open a new 22,000 square-foot store in downtown Pittsburgh on a site that formally housed a Kaufmann’s department store. The new store is scheduled for a July 17 grand opening.

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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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ESG’s Report on the Role of XDR in SOC Modernization

Cisco Retail

Extended Detection and Response, or XDR, the cybersecurity topic that dominated the RSA conference 2022 show floor with multiple vendors, has been getting a lot of attention lately, and for good reason. A connected, unified approach to detection and response promises to give security professionals all the tools and capabilities they need to address the ever-growing attack surface.

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Consumer spending slowed in May

Retail Wire

Consumer spending rose 0.2 percent in May, down from 0.9 percent growth in April, according to the Bureau of Economic Analysis (BEA). Inflation remained steady with prices up 6.3 percent in 2021. “The good news is that we still have savings, but the bad news is that inflation is burning a hole in consumers’ pockets,” said Diane Swonk, chief economist at Grant Thornton.

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5 Tips for Recession-Proofing Your Sales Process

Small Biz Trends

SaaS small businesses are facing challenging macroeconomic conditions once again. As the specter of a recession nears, small business owners must take steps to ensure they engage with their customers and future-proof their companies. Achieving this goal is easier said than done. However, technology has improved to the point where SMB owners can leverage tools once reserved solely for enterprises.

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Firework prices have doubled since pandemic began

Retail Wire

There was a shortage of fireworks in 2020 and 2021. Supply shortages are no longer a problem, but consumers will be shelling out way more to get less this Independence Day. “I would say from 2019 till ‘22, items’ [costs] have at least doubled,” said Bruce Zoldan, president and CEO of Phantom Fireworks.

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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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Ace Hardware shuts down The Grommet, lays off 44

Retail Dive

The hardware retailer’s co-op structure made it difficult to expand the platform, according to founder Jules Pieri, who announced the closure on LinkedIn.

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Cyber attack prevents Macmillan from shipping books to retailers

Retail Wire

Macmillan said it was hit by a cyberattack that “involves the encryption of certain files” on its network. The publisher made the decision to take its systems offline to avoid being further compromised. The result is that the company is temporarily unable to ship books to its trading partners. James Daunt, Barnes & Noble CEO, said, “I don’t think there will be lost sales unless something cataclysmic has happened.”.

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Where to Find Cricut Fonts and How to Use Them

Small Biz Trends

If you’re looking for some new fonts to use with your Cricut cutting machine, you’ve come to the right place! In this post, we’ll show you the best font sites along with where you’ll find free and paid fonts that are compatible with Cricut Design Space. We’ll also give you a few tips on how to use them in your projects.

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Introducing the MuleSoft June 2022 product release 

Mulesoft

We are excited to announce our June 2022 product release – with a new unified solution for automation, integration, and APIs that easily automate any workflow and system for any team to quickly adapt to constant change and business complexity. Included in this release is MuleSoft RPA (robotic process automation), which provides no-code capabilities to […].

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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