Retail TouchPoints

OCTOBER 22, 2021

Shapewear brand Spanx has taken its first outside funding 21 years after its founding, with global investment firm Blackstone set to take a majority stake in the company at a valuation of $1.2 billion. The acquisition will enable Spanx to accelerate its digital transformation and grow its global footprint. Founder Sara Blakely told CNBC that the company also was making a big push into other apparel categories, including denim, and wants to continue expanding its direct-to-consumer sales, which a

ATS 298

ATS Apparel Accounting Consumer 298

Retail Focus

OCTOBER 22, 2021

Quality Street and John Lewis are making the nation’s sweet dreams come true as they announce the return of in-store pick and mix stations. Shoppers will be able to create their own bespoke collection of favourites from the 12 delicious sweets in this year’s pick and mix assortment, as well as personalise the collector’s tin which has been specially produced for John Lewis.

Returns 162

Returns Brand Management Management Shopping 162

Retail TouchPoints

OCTOBER 22, 2021

Burberry has appointed Jonathan Akeroyd as CEO and Executive Director, effective April 2022. Akeroyd is currently CEO of Gianni Versace SpA , a position he has held since 2016. He will succeed Marco Gobbetti, who was named Burberry CEO in 2017. Gobbetti is leaving Burberry at the end of 2021 to take the reins at Salvatore Ferragamo. Gerry Murphy, Burberry Chair, will head the company until Akeroyd comes aboard in April.

Department Stores 263

Department Stores Fashion Returns Customer Experience 263

Retail Wire

OCTOBER 22, 2021

Luxury watch brands are turning to Instagram to create awareness for their new products, and companies such as Breitling are using commenters on the social media site as an advisory board. “We show them new products, concepts or ideas one to two years in advance,” said George Kern, Breitling CEO. “And here and there, we change our mind or our approach to designs, and test designs in other directions.”.

Marketing 130

Marketing 130

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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.

Management

Retail TouchPoints

OCTOBER 22, 2021

Building an ecommerce website can be very profitable and fun. However, if you have no idea what design and functionality will keep visitors on your site and help them become your customers, it’s better not to start. Now that there are so many functional and beautiful ecommerce sites out there, you just can’t help but offer something of the same top-notch quality.

Payment Services 252

Payment Services Inventory Management Promotions Checkout 252

Retail Wire

OCTOBER 22, 2021

One-hundred vessels, a record, are currently waiting to dock at ports along the West Coast, according to Kuehne+Nagel. “We would expect this can continue even longer than six or twelve months. There’s no sign of relief,” said CEO Detlef Trefzger. “This is a bullwhip effect we experienced. And it’s getting worse at the moment.”.

ATS 130

ATS 130

Retail Wire

OCTOBER 22, 2021

Retailers are trying to stock up on goods to meet orders for the holiday season but warehouse space is currently at a premium, meaning that some may not be able to find a place to inventory goods for future fulfillment.

Fulfillment 130

Fulfillment ATS 130

Dezeen

OCTOBER 22, 2021

Danish brand Fritz Hansen has opened a showroom in Shanghai 's Jing'an district, which is the brand's latest outpost in China. Located in the ShanKang Li lifestyle and dining hub, the 220-square-metre showroom is decorated in a palette of beige, white and rose. Fritz Hansen has opened a showroom in Shanghai. The directly owned showroom marks the latest step in Fritz Hansen 's expansion into China following its first Chinese store in Xi'an in 2019 , which was opened in collaboration with a local

Location 109

Location Marketing ATS 109

Retail Wire

OCTOBER 22, 2021

Chipotle Mexican Grill said that price increases it put through enabled it to offset higher prices on beef and shipping. The fast casual chain posted adjusted earnings per share of $7.02, well above the $6.32 expected by analysts. Net sales rose nearly 22 percent during the most recent quarter.

Shipping 100

Shipping 100

Retail Dive

OCTOBER 22, 2021

Alvarez & Marsal also found over half of shoppers expect their financial situation to stagnate or worsen in coming months, leading them to spend less.

Consumer 124

Consumer Shopping 124

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Customer Experience

Retail Wire

OCTOBER 22, 2021

VF Corp. fell short of analysts’ expectations in the most recent quarter as the parent company of The North Face, Timberland and Vans was hurt by warehouse stoppages in Vietnam.

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100

Retail Dive

OCTOBER 22, 2021

Amazon Local Selling may ease a friction point that is becoming increasingly tense heading into the 2021 holiday season — delivery.

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Retail Wire

OCTOBER 22, 2021

Tesco launched its first checkout-free store in Central London using the chain’s GetGo technology. The retailer is deploying the tech at a 2,000-square-foot Tesco Express convenience store. Customers choose items they wish to purchase and check out using the company’s mobile app. Tesco has not indicated whether it plans to expand the tech’s test beyond the current location.

Checkout 100

Checkout Location Planning ATS 100

Talking Retail

OCTOBER 22, 2021

Rising inflation and falling consumer confidence are combining to put pressure on retailers, according to the latest data. In an interview with the Financial Times this morning, the Bank of England’s chief economist said that inflation is likely to hit 5% by early 2022. His prediction followed recent comments from Bank of England governor Andrew. This story continues at Sales and confidence both fall as retail forecasts turn negative.

Consumer 105

Consumer ATS 105

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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.

Point of Sale

Retail Wire

OCTOBER 22, 2021

Mattel raised its annual sales forecast after saying it had pulled production forward and contracted more ocean vessels to maintain supplies during the critical holiday season. “We’ve been working through supply chain disruptions, it’s not a normal year. But even with that, we expect to have lots of toys under trees this Christmas holiday,” said CEO Ynon Kreiz.

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Shopping Center

OCTOBER 22, 2021

Castroville, Texas — Merit Commercial Real Estate has broken ground on Alsatian Oaks, a 435-acre, master-planned community in Castroville, a town adjacent to San Antonio. The project represents an investment of more than $500 million. When complete, Alsatian Oaks will… The post Merit Commercial Real Estate Breaks Ground on $500 Million Alsatian Oaks Master-Planned Community Near San Antonio appeared first on Shopping Center Business.

Planning 98

Planning Shopping 98

Retail Wire

OCTOBER 22, 2021

Brandy Richardson is leaving her position as CFO at Neiman after 15 years with the company to join Tailored Brands, the parent company of Men’s Wearhouse.

ATS 100

ATS 100

Retail Dive

OCTOBER 22, 2021

Six in 10 retail executives are also worried about receiving holiday orders on time, the research firm found.

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134

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

Management

VMS

OCTOBER 22, 2021

Footwear and apparel brand Allbirds (San Francisco) has opened a new store and community center at the Cherry Creek Shopping Center in Denver, according to a press release. The store is the brand’s first in Denver and 34th worldwide. The 2900-square-foot space speaks to the brand’s sustainable purpose, with displays that educate shoppers around its use of merino wool, sugarcane and other natural materials in place of petroleum-based synthetic fibers.

Visual Merchandising 91

Visual Merchandising Apparel Shopping ATS 91

Retail Dive

OCTOBER 22, 2021

The trade group said the administration has yet to address certain issues, and Outdoor Voices introduces the concept of snack leggings.

Shipping 122

Shipping Outdoor 122

VMS

OCTOBER 22, 2021

Daniel Kulle, CEO of Forever 21, has stepped down after less than two years in the position, reports WWD. According to an e-mail he sent to colleagues, Kulle said he had resigned the position two weeks ago and plans to take time off “to find out my next move.”. Kulle worked at H&M for 25 years before joining Forever 21 as CEO. Developers Simon Property Group and Brookfield Property Parterns, along with Authentic Brands Group, purchased the fast-fashion brand out of bankruptcy in February 202

Visual Merchandising 90

Visual Merchandising Fast Fashion Fashion Planning 90

Retail Dive

OCTOBER 22, 2021

In-store digital marketing networks: the key to unlocking the full storytelling potential of RMNs

Marketing 124

Marketing 124

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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.

Mulesoft

OCTOBER 22, 2021

Have you ever experienced anxiety when you see the dreaded “wheel of death” that appears when a browser takes too long to load? As consumers, we expect businesses to respond to our requests immediately irrespective of the channel of communication. According to a customer support survey from HubSpot, 82% of consumers look for an immediate […]. The post 3 reasons to accelerate your enterprise event-driven API journey first appeared on MuleSoft Blog.

Consumer 86

Consumer 86

Retail Dive

OCTOBER 22, 2021

The mall REIT is now majority owned by investment firm SVP Global, after debt forgiveness that helped lighten its load by almost $1 billion.

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118

Retail Times

OCTOBER 22, 2021

Jollyes, the Pet People, is offering animal lovers a dream opportunity as it recruits 150 young people to work in its stores.

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VMS

OCTOBER 22, 2021

Outdoor retailer Moosejaw (Madison Heights, Mich.) opened its first physical store in Arkansas, in Bentonville, home of parent company Walmart, according to a press release. The brand was acquired by Walmart in 2017. “Bentonville has become one of the top mountain biking destinations in the US, so we wanted to be there and bring cool brands like Evil and Rocky Mountain Bikes to the area,” said Eoin Comerford, Moosejaw CEO.

Visual Merchandising 85

Visual Merchandising Outdoor Location 85

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

Customer Experience

LS Retail

OCTOBER 22, 2021

©iStock/vchal The Plymouth candy company Maud Borup has been around for more than 100 years. Christine Lantinen purchased the company in 2005, when it had $100,000 in sales. Today, sales at the privately-held company are up to $45 million. Besides a worker shortage, Maud Borup is experiencing – as many importers and exporters are – higher shipping costs.

Shipping 81

Shipping Consumer ATS 81

Retail Dive

OCTOBER 22, 2021

The deal values the brand, known for its shapewear, at a total of $1.2 billion. Founder Sara Blakely will step into the role of executive chairwoman.

ATS 109

ATS 109

A1 Retail

OCTOBER 22, 2021

B&Q opens its new Colchester store at Stane Park. Colchester is B&Q’s first purpose-built digital store as the brand commits to e-commerce growth. The Mayor declares the store officially open with ribbon cutting ceremony. B&Q’s new Colchester store was declared officially open today with a formal cutting of the ribbon by the Mayor of Colchester, Councillor Robert Davidson.

Fulfillment 81

Fulfillment Shopping Management ATS 81

Retail Times

OCTOBER 22, 2021

Following a tremendous success in the UK, Re:Nourish is thrilled to announce the launch of Re:Nourish soups in Hong Kong, UAE and Qatar. A first of many international launches as Re:Nourish concentrates on global expansion in the Far East & Middle East.

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72

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Planning