Tue.Sep 06, 2022

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Meijer to Launch New Grocery Store Concept in Early 2023

Retail TouchPoints

Rendering courtesy of Meijer. Rendering courtesy of Meijer. Rendering courtesy of Meijer. Rendering courtesy of Meijer. Rendering courtesy of Meijer. Rendering courtesy of Meijer. Rendering courtesy of Meijer. Meijer will introduce a new brick-and-mortar concept with the launch of Meijer Grocery in early 2023. This grocery store model is the Midwest retailer’s first expansion into additional categories since the 2018 introduction of its neighborhood market small concept, Bridge Street Market, in

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Chadstone unveils leisure precinct, The Social Quarter

Inside Retail

Melbourne’s Chadstone Shopping Centre has unveiled a new $71.3 million entertainment and dining precinct called The Social Quarter. The new precinct – which opens this summer – spans 10,350sqm and accommodates 18 entertainment and dining concepts, a multi-deck car park and an integrated art facade. Image source: Supplied. Vicinity Centres chief development officer, Carolyn Viney, said the “first-of-its-kind” precinct has something to offer everyone at any given time of day or year combining cele

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The Next Generation of Shoppers Needs a Next-Generation Strategy

Retail TouchPoints

Your grandma shops online. Many baby boomers do. But for retailers, having an online strategy isn’t enough — especially if it’s an outdated one, and only designed for one generation. A new generation of shoppers, Gen Z, are bending online shopping to their will. Their preferences and values are making it more convenient and spontaneous…more interwoven with social media…and in some cases, more like a game.

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Price, not volume, driving Australian retail sales growth

Inside Retail

Australian retail sales are on the rise – but new research suggests growth is being driven by inflation, not by consumers buying more. Deloitte Access Economics, in its latest Quarterly Retail Forecasts – this edition dubbed “Retail’s Turning Point” – warns that while retail is for now “still riding the post-pandemic high” the outlook remains a lot bleaker than the current figures suggest. .

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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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CVS Continues Medtail Expansion with $8B Acquisition of Signify Health

Retail TouchPoints

CVS Health has emerged victorious in what was reportedly a heated bidding war for Signify Health. The pharmacy chain beat out other rumored bidders including Amazon and UnitedHealthcare to acquire the healthcare platform in a deal valued at approximately $8 billion. “Signify Health will play a critical role in advancing our healthcare services strategy and gives us a platform to accelerate our growth in value-based care,” said CVS Health President and CEO Karen S.

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Boohoo co-founder takes stake in Australian e-commerce company MySale

Inside Retail

Mahmud Kamani, the co-founder of British online fast-fashion retailer Boohoo, has bought a chunk of Australian e-commerce business MySale – just as Frasers Group is attempting a takeover bid. . According to filings with the London Stock Exchange, Kamani now holds 4.76 per cent of MySale after buying 45 million shares on August 31. Kamani is a billionaire British businessman who remains executive chairman of the now publicly traded Boohoo Group.

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Shopper benefits and sustainability - Weekly Snacks #22

Tokinomo

Campaign Corner. Triangles: they're everywhere. Triangles are everywhere and they look like chips. Doritos launched a new commercial , all topped by an online challenge meant to send people on the hunt for triangle trackers. There are weekly potential prizes of $15,000 and a grand price of $250,000. Worth the hunt, isn’t it?

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CommerceHub to Buy ChannelAdvisor in $635 Million Deal

Retail TouchPoints

CommerceHub has agreed to purchase the 27.5 million outstanding shares of ChannelAdvisor in a cash deal for $23.10 per share, or approximately $635 million — an approximately 57% premium over the company’s Sept. 2, 2022 stock price. The deal, which will take ChannelAdvisor private, is not subject to financing conditions and has been approved by both companies’ boards.

Finance 274
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Wesfarmers OneDigital finance chief Virginia Leaf off to Harvard

Inside Retail

Wesfarmers OneDigital GM of finance, Virginia Leaf, has won the Women Leaders in Retail CEW Scholarship, to study at Harvard Business School. The scholarship, organised by the Australian Retailers Association (ARA) and the Chief Executive Women (CEW) organisation, aims to accelerate the professional development of female leaders in retail. Leaf, who accepted the award virtually due to the birth of her second child, described it as “an amazing opportunity” to leverage the learnings in

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Reports: Bed Bath & Beyond CFO’s Death Ruled Suicide

Retail TouchPoints

Bed Bath & Beyond EVP and CFO Gustavo Arnal died on Sept. 2, 2022 after falling from his balcony. The New York City Medical Examiner’s Office has reportedly confirmed his death as a suicide, according to CNBC and Reuters. The retailer has named SVP and Chief Accounting Officer Laura Crossen as Interim CFO, according to a regulatory filing. Arnal joined Bed Bath & Beyond in May 2020 alongside three other C-level leaders.

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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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Cutting-edge collaboration brings digital fashion in store

Inside Retail

Leading augmented reality (AR) platform Zero10 has collaborated with New York-based creative practice Crosby Studios to create a physical pop-up store offering digital fashion and immersive experiences. The concept space, described as a “physical gateway into the metaverse”, has been designed for people to virtually try-on digital fashion via AR, using their smartphones.

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Shopper Insights: How to enable your team to create better shopper insights

Mike Anthony

We consistently get loads of requests from clients wanting for help with creating shopper insights. And as data becomes more and more available this demand seems to increase. When we speak, they share their frustrations: conducting research only to be disappointed by what the agency presents, and what their team is able to do with the data afterwards.

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Why retail powerhouse FJ Benjamin is bullish on growth in Southeast Asia

Inside Retail

FJ Benjamin, a leading brand management company in Singapore with a portfolio of more than 20 iconic brands including Cole Haan, Marc Jacobs, Rebecca Minkoff and Guess, is back in the black after announcing a full-year profit of $3 million in FY22. “Our results tell the story, it’s definitely been a turnaround period for us, after October and November last year, things really turned around strongly in all markets,” Nash Benjamin, CEO of FJ Benjamin, told Inside Retail.

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Job hoppers find more money with new companies

Retail Wire

Those who left one job for another saw their annual median pay jump 8.5 percent in July. Those who stayed with their present job saw their pay increase by 5.9 percent, according to the Federal Reserve Bank of Atlanta. The median percentage pay increase by job switchers in July was at a 20-year-plus high.

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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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Locals rebuff invaders: Inside Vietnam’s convenience stores war

Inside Retail

A decade ago, convenience stores were a rare sight in Vietnam, where the vast majority of the population was used to shopping in traditional markets or mom-and-pop stores for everyday grocery needs. In recent years, the nation’s convenience store market has seen rapid escalation – and sophistication – in the larger cities. The early growth was driven by international chains from South Korea, Japan and Thailand, who spotted the opportunities of an immature market and recognised it was only a matt

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One-third of U.S. households with F/T workers fail to cover their basic costs

Retail Wire

More than one-third of U.S. households with adults working full-time jobs fail to earn enough to pay their basic bills, according to a recent report from researchers at Brandeis University’s diversitydatakids.org program at the Institute for Child, Youth and Family Policy. More than half of Black and Hispanic households are unable to keep up with their basic needs.

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Tarocash parent Retail Apparel Group reports sales boost

Inside Retail

South African-owned Retail Apparel Group has reported strong performance and market gains in its latest results. In Australia and New Zealand, the group operates the Connor, Johnny Bigg, YD, Rockwear and Tarocash brands. For the year to March 27, the business’ Australian retail turnover rose 24 per cent compared to the previous year, contributing 15.8 per cent to group-wide retail sales.

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California passes bill to protect fast-food workers

Retail Wire

California Gov. Gavin Newsom has signed a bill that will create a 10-person council that will set minimum wage and workplace safety standards for fast-food establishments in the state. The law, which was opposed by groups that said it singled out the fast-food industry, may lead to higher prices for consumers or result in companies reducing staff through automation.

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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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What’s next for Designerex, the Airbnb of fashion rental

Inside Retail

Fresh off its biggest capital raise to date, peer-to-peer fashion rental platform Designerex is gearing up for a period of rapid growth that will see it launch one-hour delivery in Australia, enter the UK and Europe and start working more closely with brands to reach new customers. Founded by Kirsten Kore and Costa Koulis in 2016 , Designerex has just received a cash injection from PixelForce , the company behind Kayla Itsines’ Sweat app, in exchange for an equity stake.

Fashion 130
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CVS to acquire medical house call provider for $8 billion

Retail Wire

CVS said it has reached a deal to acquire Signify for around $8 billion. Signify offers analytics and technology to enable a network of 10,000 doctors to make house calls to patients across the U.S. “Signify Health will play a critical role in advancing our health care services strategy and gives us a platform to accelerate our growth in value-based care,” said CVS CEO Karen Lynch.

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Opinion: Why the time is right for the ARA and NRA to revisit a merger

Inside Retail

The National Jobs and Skills Summit the new federal government convened last week highlighted a complex range of issues and challenges, for the retail industry as much as for the nation. Industrial relations frameworks, labour and skills shortages , and new economic policy settings for inflation management, government spending, debt reduction, taxation, and interest rates are all in play.

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Is Price Matching the Right Strategy for You?

Wiser

What drives shoppers into your stores, both online and brick-and-mortar? For most, the answer will be price. The ability to compare prices, get the lowest prices, find good deals on products, and so on. The bottom line is that price is always top of mind for consumers. This is backed up by Wiser’s network of smartphone-enabled shoppers. In one survey of more than 3,000 back-to-school shoppers, 82 percent said the main reason they shopped online was to compare prices.

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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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PayPal Giving Fund celebrates raising $200m for Australian charities

Inside Retail

PayPal Giving Fund says it has now raised $200 million to support Australian charities since launching the initiative in 2018. The fund allows partner programs to support thousands of Australian charities through digital fundraisers, microdonations at checkout, employee giving programs, and other initiatives. The organisation, in collaboration with partners such as PayPal, Meta, GoFundMe, Humble Bundle, and Catalyser, assists charities in reaching and interacting with new audiences and integrati

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Inflation and changing eating habits are driving snack sales growth

Retail Wire

Dollar sales of snacks are high as inflation pushes per-purchase costs up. Unit sales are also up as consumers prefer to eat smaller meals daily rather than three square meals.

Consumer 100
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“Glam Slam”: How Serena Williams changed the game on and off the court

Inside Retail

From glossy magazine covers to generation-defining on-court styles, Serena Williams took a bow at the US Open on Friday, having rewritten the fashion playbook for female athletes while building an empire of her own. The 23-times Grand Slam winner chose the bible of women’s fashion, Vogue , to announce she was “evolving away from tennis,” before taking to the court in her bedazzling Nike sneakers at the US Open this week under the watchful eyes of the magazine’s grand dame

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Aussie chain promises on-the-spot interviews for job seekers

Retail Wire

Dan Murphy’s, a liquor store chain in Australia with more than 250 stores, is running a “hiring week” where all job applicants are granted an immediate 10-minute interview if they bring their resume with them. “Just come as you are and our commitment to every applicant is that we will give you a short interview on the spot,” said managing director Agi Pfeiffer-Smith.

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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

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What Technology Solutions Do Small Businesses Need?

Cisco Retail

As technology innovates at a breakneck speed, trying to keep up can feel a bit like being on a. roller coaster—as soon as you reach that lull where you feel like your sma ll business capabilities are relevant, up-to-date, and competitive, you’re lurched into yet another stratosphere of evolving tech. With more and more businesses moving to an online or hybrid workforce, the benefits of cloud-based technology solutions are clearer than ever.

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The FTC scrutinizes Amazon’s deals for iRobot and One Medical

Retail Wire

The Federal Trade Commission (FTC) has begun a formal review of Amazon.com’s deal to acquire iRobot for $1.7 billion. The federal government is also reviewing Amazon’s planned deal to acquire One Medical.

Planning 100
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Workplace Transformation in Healthcare

Cisco Retail

Today’s healthcare environment looks very different than it did just a few years ago. Healthcare is no longer delivered exclusively inside the four walls of a care setting, which enables better access for patients and a more efficient experience for clinicians and administrative staff. Technology can be used to more easily schedule and triage patients , collaborate amongst clinicians and care providers both onsite and off, and follow up virtually with care at home.

ATS 108
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Bed Bath & Beyond’s shares fall in premarket trading following CFO’s death

Retail Wire

The stock price of Bed Bath & Beyond’s shares fell more than 15 percent in premarket trading following the news that CFO Gustavo Arnal committed suicide on Friday.

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Planning the Architecture of Your Modular DXP

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.