Retail TouchPoints
AUGUST 31, 2022
While recent market trends have led many consumers online, in-person retail remains the bedrock of the global economy. Unsurprisingly, then, location data is widely recognized as a valuable tool for unlocking growth. With it, businesses can gain insights into the offline habits of their customers and figure out where competitors and partners are located to optimize decisions like site selection.
Retail Focus
AUGUST 31, 2022
Icon Outlet at The O2, the London outlet shopping destination, developed by AEG and Crosstree Real Estate Partners, has announced the opening of Superdry, the premium apparel brand. The opening coincides with a record-breaking summer trading period across The O2’s Entertainment District and Icon Outlet. Superdry has opened its 3,541 sq ft anchor store on Icon Outlet’s upper level and forms part of the brand’s expansion in the outlet sector, with Icon Outlet marking the brand’s second outlet stor
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Retail TouchPoints
AUGUST 31, 2022
Bed Bath & Beyond , facing a comp store sales decline of 26% for the quarter that ended Aug. 27, 2022, has announced a combination of store closures and layoffs designed to reduce its SG&A (selling, general and administrative) expenses by $250 million in fiscal 2022. The retailer has begun shuttering 150 lower-producing Bed Bath & Beyond stores and plans to cut its workforce by approximately 20% across the corporate and supply chain divisions.
Inside Retail
AUGUST 31, 2022
Sydney Airport has opened the first stage of its premium luxury retail precinct in the T1 International terminal. The 2700sqm precinct will house 19 of the world’s leading sought-after luxury fashion brands along with new concepts from Heinemann Tax & Duty-Free. The first phase of store openings includes stores for Balenciaga, Prada, Bottega Veneta, Burberry, Bulgari, Moncler, Hermès, Loewe, Rolex and Saint Laurent.
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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.
Tokinomo
AUGUST 31, 2022
Customers have a lot of brands and products to choose from. How does one choose a type of toothpaste over another? Is there more than the price that influences the purchasing decision? Definitely yes. In this article, we are going to focus on brand perception. How do your customers perceive your brand and why it is important to know this? Plus, we are going to show you some examples of brands and how shoppers perceive them.
Retail Focus
AUGUST 31, 2022
River Island, one of the high-street’s most iconic names, has launched an exciting new retail concept: River Studios. This retail expansion will see River Island optimise the high street shopping experience to fit the future. River Studios will make its debut in the UK in Derby at the end of August before subsequently being rolled out to other key locations as part of River Island’s ambitious plans to reinvigorate retail.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Focus
AUGUST 31, 2022
Cain International (‘Cain’), the privately held investment firm, has agreed two new leases with independents at its mixed-use Islington Square development. Between them, The Bottle Cocktail Shop and Treat Medispa will take 1,400 sq ft in the north London destination as it continues to attract independent brands, with the retail and leisure space now approaching being 90% let.
Retail Wire
AUGUST 31, 2022
Many brands launched to address the specific needs of Black consumers failed to make it big in their first iteration. Some, such as the beauty brand Fashion Fair, are giving it another shot in today’s more favorable market conditions. “Fashion Fair loomed large in my household when I was growing up,” she said Lynn Nottage, a two-time Pulitzer-winning playwright.
Retail Focus
AUGUST 31, 2022
VIA Outlets, the owner-operator of 11 premium outlets in Europe, announces the appointment of Thierry Seang as Investment Director. The Director-level appointment forms part of the company’s bold growth strategy in which Seang will be responsible for defining VIA Outlets’ inorganic growth strategy across Europe and executing forthcoming real estate transactions for the company. .
Retail Wire
AUGUST 31, 2022
Best Buy said that supply chain costs are moderating as fuel prices decline and the demands placed on international and domestic networks ease. Corie Barry, CEO of Best Buy, said that her company has been able to take “advantage of some rate opportunities” connected to ocean container transportation.
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.
Inside Retail
AUGUST 31, 2022
Despite trading through another difficult year, marred by lockdowns and Covid-19 resurgences, David Jones has delivered a relatively strong full-year result: with the losses of the first half largely balanced out by the successes of the second. The department store giant’s adjusted operating profit rose 85.5 per cent in the second half, smoothing out its full-year figure to an overall decline of 0.6 per cent.
Retail Wire
AUGUST 31, 2022
Americans may become last-minute Christmas shoppers this year as they hold out for the best deals. “Our hypothesis is you are going to see a holiday that starts to look a little bit more like what we saw pre-pandemic. Maybe comes a little bit later and is probably promotional in our space,” said Best Buy CEO Corie Barry.
Inside Retail
AUGUST 31, 2022
South Korean fashion retailer, SJ Group, has brought the famous American airline brand Pan Am into the country as a lifestyle brand, opening its first store inside the Shinsegae Starfield Coex Mall. Featuring Pan Am’s signature blue and white, the Starfield Coex store is home to a selection of Pan Am-branded fashion apparel and accessories, ranging from bucket hats, travel bags, and phone cases to toys.
Retail Wire
AUGUST 31, 2022
Bed Bath & Beyond said it will close about 150 “lower producing” stores and cut staff by about 20 percent across its corporate and supply chain ranks. The company plans to reemphasize national brands in an attempt to attract shoppers to its stores and website. “We are embracing a straight-forward, back-to-basics philosophy that focuses on better serving our customers, driving growth and delivering business returns,” said Sue Grove, interim CEO.
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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.
Inside Retail
AUGUST 31, 2022
Since unveiling detailed plans for its new M?nawa Bay outlet centre last month, Auckland Airport has shared its vision for the centre’s unique food and beverage offering. “There will be a range of culinary options on offer,” says Mark Thomson, Auckland Airport’s GM, property and commercial. . “This will be a special place. Shoppers will browse their favourite brands and can then dine in a spacious indoor dining setting that adjoins an alfresco dining area overlooking the water. “We a
Cisco Retail
AUGUST 31, 2022
Since the beginning, Cisco UCS management has always been API first. It is still the same today with Cisco Intersight. Ansible. Many customers have chosen Ansible for their orchestration and automation needs. Ansible is an open-source, script-based, suite of tools that enables IaC (infrastructure as code). It supports provisioning, configuration management, and application deployment.
Retail Wire
AUGUST 31, 2022
Walmart has filed a motion seeking to dismiss a Federal Trade Commission lawsuit that accuses it of allowing its money transfer services to be used by scam artists. The retailer said the suit is an “egregious instance of agency overreach.” The suit alleges that Walmart’s failure to secure its money transfer services had led to “hundreds of millions of dollars” being stolen from its customers.
Cisco Retail
AUGUST 31, 2022
Self-awareness goes a long way in determining your next professional steps. While job searching, it’s critical to identify how to leverage your transferable skills and network, while also evaluating what environmental factors of work and work culture matter to you most. Learn what it’s like to work at Cisco and the top 10 ways to suss out a workplace that suits your needs from leaders at Cisco Secure, Cisco Talos and Duo Security. 1.
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
Retail Wire
AUGUST 31, 2022
The number of open positions was expected to decline in July, but it went up to around 11.2 million jobs, up from around 11 million in June, according to the Bureau of Labor Statistics. “We’ve seen all these headlines about layoffs and probably just experiences with inflation have a chilling effect on job seekers in recent months,” said Julia Pollak, chief economist at ZipRecruiter. “And yet we see in this report that businesses appear to be hiring in full force.
Retail Dive
AUGUST 31, 2022
Trish Donnelly, who arrived from Urban Outfitters last year to lead Calvin Klein globally and all the company’s brands in North America, is leaving.
Retail Wire
AUGUST 31, 2022
California may become the first state to establish a council with the authority to set pay and workplace standards for fast food operators. It is not clear if Gov. Gavin Newsom will sign the bill, which has passed the state Assembly and Senate. Mr. Newsom’s Department of Finance is opposed to the measure citing significant costs and complex regulations as factors.
Retail Dive
AUGUST 31, 2022
Inventory, margins, traffic, pricing, food, gas, costs, holidays: The two giants act as a window into the market that everyone is trying to peer through.
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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.
Retail Wire
AUGUST 31, 2022
Employers want workers back in their offices as Labor Day approaches. Many workers have different ideas and are pushing back against a full-time return to their desks. Latitia Jackson, who works at a bank, said of her employer’s mandate. “I feel like I’m being punished,” she said. “It’s been working so well and now you’re making me go back when I’m doing the exact same job there that I’m doing from home.”.
Retail Minded
AUGUST 31, 2022
Advertising – one of the most talked about facts of business life. Whether your business is selling lemonade on the sidewalk outside your home or selling passenger aircraft to other countries, the need to advertise is unavoidable. It can be as simple as word of mouth, especially if you are in the neighbourhood lemonade business, but the bigger and more widespread your business, the more complex your advertising campaign will need to be to ensure the correct level of market penetration.
Cisco Retail
AUGUST 31, 2022
As Cisco works to builds a more inclusive future for all, we know that we can’t do it alone. Our Partners and Distributors are an integral part of that journey, and we’ve created multiple ways for you to build that bridge with us. From sustainability initiatives to certifications to social justice efforts, time and time again you have proven to be just as dedicated to powering a more inclusive future for all as we are.
Retail Dive
AUGUST 31, 2022
Faced with sluggish consumer demand, Gap, Kohl’s and Nordstrom are deploying deep discounts and pulling items from the shelves.
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
Independent Retailer
AUGUST 31, 2022
Whether you are looking to start or grow your business, print on demand services can not only make your life easier, but it can also take product personalization to the next level. Print on demand is a convenient, cost-efficient way to get your creations out there since you do not need an entire warehouse to stock your merchandise. . What Is Print on Demand?
LS Retail
AUGUST 31, 2022
©iStock/Kevin Brine Walmart is recruiting Canada-based sellers to join its flagship U.S. Marketplace and serve a growing base of more than 120 million loyal online shoppers each month. Entrepreneurs and e-commerce sellers interested in being among the first to explore the opportunity can sign up for the Virtual Walmart Global Seller Summit - Canada on Sept. 8.
Independent Retailer
AUGUST 31, 2022
‘Cash burn rate’ is the measure of negative cash flow in a company. In order to prevent this, businesses should reduce the amount of money they spend in growing their brand and sharpen their focus on the core business. Take a look at what is working and what is not, including assessing the cost and solution sets. “Hope” is not a viable or successful business strategy or tactic.
Retail Dive
AUGUST 31, 2022
Following last week’s news of a $1.2 billion Q4 net loss, the brand needs more time for accounting to file its 10-K.
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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.
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