Sun.Sep 24, 2023

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Intersection of sport and culture: what’s behind New Balance’s rapid growth

Inside Retail

In the fiercely contested and competitive footwear and apparel space, New Balance is one of the fastest-growing global sports brands, with the organisation attracting and engaging the next generation of customers. According to Jonathan Clark, New Balance’s Asia-Pacific direct to consumer director, the company has achieved annual growth of about 20 to 30 percent, and has crafted a brand message that resonates with its audience – which is predominately 16-34 years old, and that emphasises st

Apparel 264
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Akeneo Acquires AI Platform Unifai, Creating World’s First Intelligent Product Cloud

Retail Focus

Akeneo , the Product Experience (PX) Company and leading provider of Product Information Management (PIM) solutions, today announced the acquisition of Unifai , the market-leading artificial intelligence (AI) platform for data collection, cleansing, categorisation and enrichment pioneered by the industry’s leading experts in AI and machine learning (ML).

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Juxta Nomads: revolutionising EV charging with micro-retail hubs

Inside Retail

As electric vehicles (EVs) gain traction in the automotive landscape, the infrastructure that supports them is undergoing a significant transformation. Juxta, a pioneering technology startup backed by industrial giant Vontier, is redefining the EV charging experience with an innovative solution: autonomous micro-retail stores, known as Juxta Nomads.

Planning 130
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Wilko: Pensions Regulator launches probe into £77m dividend payouts

Retail Gazette

The Pensions Regulator will investigate dividends extracted from Wilko as part of a wider investigation into the value chain’s collapse last month. It comes as pressure ramps up for its family shareholders to address the £56m deficit in the retailer’s pension fund, The Sunday Times reported. Administrators at PwC estimate the deficit in the scheme, which holds 2,000 members, is £76m on a buyout basis.

ATS 131
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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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Toby’s Estate Coffee Roasters opens first fully digitised shop in Kuwait

Inside Retail

Franchisee Pinnacle Group has opened its first fully digitised and contactless Toby’s Estate Coffee Roasters shop in Kuwait and seeks to open more stores of the same concept in the Gulf Cooperation Council (GCC). The Kuwait-based franchisee inaugurated the contactless shop on Mubarak Al Kabeer Street in Sharq. Customers may pre-order through the newly launched Toby’s Estate mobile app and pick up their order at the contactless shop or any nearest Toby’s Estate store.

Shopping 130
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Waitrose to relocate ‘terribly organised’ shops as part of store overhaul

Retail Gazette

Waitrose boss James Bailey has promised to relocate “terribly organised” shops as part of the grocer’s major revamp of its store estate. The executive director told The Telegraph that he was determined to make sure the supermarket had its branches in “the right place in the right postcode” to become “more accessible and more appealing” to shoppers. “For the last two or three years with Covid-19 and the cost of living challenges – and a little bit before that – we had to be careful about the shop

Shopping 120

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Morrisons inches closer to sale of forecourts business

Retail Gazette

Morrisons is pushing ahead with plans to offload its petrol forecourts business as it looks to bring down its soaring debts. The supermarket is understood to be staying firm on its decision to exit fuel retailing to focus on its core food and manufacturing business instead. The grocer is continuing discussions to sell all 340 of its petrol stations to Motor Fuel Group, which is also owned by private equity firm CD&R, This is Money reported.

Grocer 113
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USM Haller creates "techno-chic" Coperni retail space at Parisian shop-in-shop

Dezeen

Parisian fashion brand Coperni has collaborated with Swiss furniture company USM Haller to create its first-ever boutique, a shop-in-shop at French department store Printemps Haussmann. The shop-in-shop, installed at Printemps Haussmann in Paris, marks Coperni's first-ever physical retail location and will be replicated at London's Selfridges store and China's Duty Free Mall in Hainan Island.

Shopping 106
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eCommerce Expo 2023 Preview

365 Retail

The digital landscape is ever-evolving, and with each passing year, the world of online trade witnesses significant shifts in trends, technologies, and strategies. At the forefront of these changes is the annual eCommerce Expo , which has consistently served as a platform for industry professionals to gather, share, and learn. Held on 27th and 28th September 2023 at ExCeL London, the event is expected to attract over 11,000 visitors and will feature more than 300 solution providers.

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Moulding’s sale of THG headquarters falls through

Retail Gazette

Matt Moulding’s £200m sale of a business park which houses THG’s headquarters has collapsed. The ecommerce company is a tenant of Icon Business Park, based near Manchester airport, which is owned by Moulding. The THG boss had been in talks with property investor ICG Real Estate over a possible sale and leaseback deal. Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning However, according to The Financial Times, no agreement was reac

Finance 57
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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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New Balance Launches New Retail Concept in London Stratford

365 Retail

New Balance has opened the doors to its latest retail store, located at Westfield Stratford City in London. The store features a fresh retail concept built to put people, not products, at the centre of the consumer experience. Designed around central seating gestures, the store aims to encourage customers to convene, draw inspiration from each other, and find their authentic style.

Apparel 65
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Top 5 Customer Service & CX Articles for the Week of September 25, 2023

Hyken

Each week, I read many customer service and customer experience articles from various resources. Here are my top five picks from last week. I have added my comment about each article and would like to hear what you think too. Decoding CSAT: What It is and How to Calculate Your Score by Dorcas Adisa (Sprout Social) In this article, we answer everything you need to know about customer satisfaction score (CSAT).

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Maserati Unveils New Store Concept in the UK with Global Brand Ambassador David Beckham

365 Retail

Maserati has celebrated the opening of its first UK new store concept near London with the presence of David Beckham , its Global Brand Ambassador, attending the glamorous event. The official launch comes as Maserati’s UK sales continue to grow and it gears up for the highly anticipated launch of its fully electric Folgore (‘lightning’ in Italian) range.

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ISE Grows Senior Leadership Team

365 Retail

Integrated Systems Events has announced the expansion of its Senior Leadership Team with key appointments ahead of ISE 2024. Tom Barker-Harrold joins as Senior Marketing Director and Jeroen Perquin as Senior Finance Director. “At ISE, we have ambitious goals for the future so it’s important that we have the right team in place to get us there. Tom and Jeroen join at an exciting time, as we prepare for our special 20th anniversary edition at ISE 2024, and we’re thrilled to welcome their unique

Finance 52
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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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Defending the defensible

365 Retail

Almost every consumer product you could think of that you could possibly need in your day-to-day life already exists. And it doesn’t just exist, it exists in multiple different formats so you have an embarrassment of choice among products that essentially do the same thing. Of course, every now and again there is an ‘ah-ha!’ moment and a category will splinter, allowing a flurry of new entrants.

Finance 52
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Is Textile Waste in Sportswear Under Control Now?

365 Retail

The fashion industry has a waste problem. Each year, the industry uses around 342 million barrels of oil to produce synthetic materials such as polyester, nylon or acrylic. This equates to 8-10 per cent of global emissions, more than aviation and shipping combined. When these clothes are discarded, only a small portion of these fabrics can be recycled, and most end up simply binned.