Fri.Dec 01, 2023

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Transforming Inventory Visibility for the Omnichannel Consumer

RIS News

In a time where the sources of inventory supply seem to be growing, retailers face an increasingly complex challenge —delivering precise, real-time inventory data higher up the shopping funnel to meet the demands of today's omnichannel fulfillment la

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Black Friday Football Post-Game Report: A Win for Amazon, but Room for Growth

Retail TouchPoints

Our Editor’s Perspectives columns offer insights and opinions from the Retail TouchPoints editorial team as they dig into the latest trends in retail, marketing and tech. Remember the Black Fridays of yore? Frenzied masses lined up in the cold, then a stampeding rush to be the first to get at the discount TVs? Well, those days seem to be largely gone, and likely for the better — I don’t think anyone misses what was once an annual bodily injury count on the Saturday after Black Friday.

Shopping 287
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Circular economy retailer Circonomy opens purpose-built store in Melbourne

Inside Retail

Circonomy has established a purpose-built ‘re-commerce’ store in Reservoir, Victoria, to provide shoppers with economical and sustainable options in the face of escalating living costs. In collaboration with national companies including Catch, Officeworks, David Jones, and Azura, Circonomy provides consumers and businesses with a retail experience, with new products arriving weekly or daily.

Shopping 278
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$25 Flights for Amazon Prime College Students

Retail Wire

While traveling across the country can cause a dent in a student's budget, there's hope on the horizon this year with $25 flights for Amazon Prime college students.

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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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Milwaukee distributor hit with record fine for resale price maintenance

Inside Retail

Power tool supplier Techtronic has been fined $15 million for resale price maintenance conduct in relation to Milwaukee branded products. The penalties are the highest imposed for resale price maintenance in Australia, according to the Australian Competition & Consumer Commission (ACCC). Techtronic admitted it had entered into 97 agreements with retailers and dealers between January 2016 and July 2021.

Wholesale 272
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Meta Preps to Bring Threads to Privacy-Conscious Europe as Musk Tells Fleeing X Advertisers to ‘Go F—’ Themselves

Retail TouchPoints

Meta is ready to launch its Twitter/X -competitor Threads in Europe this month, The Wall Street Journal reports, citing people familiar with the matter. When Threads initially launched in July 2023 it was available in most global markets, but Meta held off on launching in Europe because of that region’s strict regulations around online services and data privacy.

More Trending

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7-Eleven International Buys 7-Eleven Australia for $1.1 Billion

Retail TouchPoints

7-Eleven will make a cash purchase of the 751- store 7-Eleven Australia chain for $1.71 billion Australian ( $1.1 billion U.S.). The retailer, a long-time licensee of 7-Eleven, is the country’s largest independent convenience store chain, employing more than 9,000 people across the corporate and franchise network. The transaction is expected to close during Q2 2024.

Planning 262
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Ulta Beauty Triumphs Despite Economic Uncertainties

Retail Wire

Ulta Beauty's shares experienced a significant boost in after-hours trading last Thursday, following its Q3 earnings call.

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The Harmonious New Workforce: Striking the Chords of the Modern Work Landscape with Offshore Talent

Retail TouchPoints

The era of cramped cubicles and solitary office spaces has faded into the past. In lieu of the monotonous buzz of fluorescent lights, a vibrant atmosphere of collaboration now extends far beyond the confines of traditional offices. In this modern age, talent knows no geographical bounds, spanning across time zones, cultures and continents. Distances between us are reduced to mere pixels on screens, and proximity is no longer the sole measure of productivity.

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Most Reliable Cars According to Consumer Reports

Retail Wire

See where your vehicle falls in Consumer Reports' survey of most reliable cars.

Consumer 263
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Guide to Business Writing

Everything you need to know about better business writing in one place. This is a complete guide to business writing — from a clear business writing definition to tips on how to hone your business writing skills.

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Rite Aid to Shutter 31 Additional Stores as Part of Restructuring

Retail TouchPoints

Rite Aid plans to close an additional 31 stores across 12 states as part of its bankruptcy restructuring, multiple sources report. These closures join the 154 store closures that the pharmacy chain announced in October 2023. Despite these 31 additional stores, the total number of closures announced thus far is still significantly lower than the 400 to 500 stores originally predicted to be on the chopping block.

Planning 255
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A New Plant-Based, Non-Diary Kraft NotMac&Cheese Is Revealed

Retail Wire

Will Kraft NotMac&Cheese become a household staple?

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Responding to Activist Investor Pressure, VF Lays Off Corporate Employees

Retail TouchPoints

VF Corp. , the parent of brands such as Vans , The North Face and Timberland , has laid off approximately 500 corporate employees across the organization. The news comes about one month after the company unveiled its “Project Reinvent” transformation , which was designed to alleviate pressure from an activist investor. “As part of VF’s new Reinvent strategy, and with the aim of improving operational efficiency, we have eliminated approximately 500 salaried positions across the company globally,”

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Webinar — Cleaning Up Retail Lighting

Retail Focus

With just one week to go, here is a quick reminder of your exclusive opportunity to join Shoplight on their webinar, An Industry Challenged — Our Solution to Cleaning Up Retail Lighting. Explore how innovative bioplastics can revolutionise retail lighting, reduce carbon emissions, and drive sustainability in the retail construction sector. Learn about the thinking behind Shoplight’s circular economy lighting solution and what that means for the future of retail lighting together with innovative

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Kelly Goetch, 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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Doom Spending By US Consumers Results From Financial Stress

Retail Wire

Don't let doom spending ruin your finances.

Finance 264
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Giant shopping centre solar and battery project launched at Narellan Town Centre

Inside Retail

The first stage of Australia’s largest shopping centre solar and battery microgrid has been launched by Minister for Climate Change and Energy Chris Bowen at the Narellan Town Centre (NTC). Developed by Specialist renewable energy and storage fund CEP.Energy, the renewable rooftop power plant provides about 35 per cent of the shopping centre and its 270 tenants’ energy needs.

Shopping 130
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Electric Cooktops Named by GE Appliances Recall

Retail Wire

A GE appliances recall has been announced to prevent burns.

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Post-Black Friday blues: we hate to say we told you so

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! By David Moore, client services manager, Roq, the quality engineering consultancy So, Black Friday (or moreover, month, as it tends to be these days) and Cyber Monday has been and gone, leaving many of us penniless and online retailers scratching their heads as to why their plans went awry.

Planning 116
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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.

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McDonalds to Revamp Classic Burgers, Here’s How

Retail Wire

The fast food giant is making big changes to its iconic burger recipe. Here's what fans of the golden arches can expect.

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Poundland festive trucks hit the roads for Christmas

Retail Gazette

Three Poundland Christmas trucks are set to hit the roads today, delivering goods to its stores until Christmas Eve. In a stunt paying homage to Coca-Cola’s iconic truck campaign, the discount retailer’s vehicles have embarked on the journey from the North Pole, locally known as its three main distribution centres, Harlow, Wigan and Springvale.

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Subway Adding Footlong Cookie to Its Permanent Menu

Retail Wire

Subway will add its foot long cookie to the sandwhich chain's permanent menu beginning in early 2024.

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The Body Shop reignites fight against animal testing

Retail Gazette

Cosmetics retailer The Body Shop has reignited its fight against animal testing with its long-term partners, Cruelty Free International. The company is bringing back its campaign 25 years after the UK’s absolute ban on animal testing was passed in 1998. The ban, which followed The Body Shop and Cruelty Free International’s campaigning on the issue, was reversed in 2019 as the government re-aligned its policy with less stringent EU rules, allowing for the testing of cosmetics ingredients o

Shopping 110
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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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Cost of Living & Most Expensive Cities

Retail Wire

The cost of living and most expensive cities will surprise many.

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Activewear brand Bandier seeks buyer for IP, assets

Retail Dive

After facing headwinds, including supply chain challenges, the brand is now conducting an expedited sale process through a bankruptcy alternative.

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Superdrug reveals Christmas gifting predictions for beauty

Retail Gazette

Superdrug has shared its predictions on the trends it expects to see from shoppers over over the festive season this year. The health and beauty retailer said it has seen unit sales of Christmas gift sets increase in recent weeks, as shoppers start their shopping, adding that premium fragrance products are seeing “particularly strong growth” as customers seek quality products at great value.

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Cisco Live 2023 Melbourne: Cisco U. Theatre Sessions

Cisco Retail

It’s that time of the year again! The holidays are upon us, and leaves are changing — depend ing on where you live — but most importantly, Cisco Live APJC in Melbourne is here!

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Retail's Next Frontier: Exploring and Proving the Value of AI

AI is everywhere. It’s in customer service interactions, product recommendations, marketing outreach, and yes, even commerce experiences. But not every use of AI provides the same value to your brand. In this masterclass, experts from Constructor, commercetools, Contentstack, and Orium discuss how AI can complement your composable tech stack and help bring in immediate ROI.

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Thanksgiving holiday weekend sees ‘record number’ of shoppers: NRF

Retail Dive

Over 200 million consumers shopped on Thanksgiving Day through Cyber Monday, surpassing expectations by more than 18 million.

Consumer 127
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Embracing Sustainability: Embark on the Journey to a More Sustainable Future!

Cisco Retail

The Context Sustainability isn’t just about protecting the planet for future generations. It’s also about preserving the delicate balance that allows life to thrive today and tomorrow.

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Tanger Acquires Bridge Street Town Centre in Alabama for $193.5 Million

Shopping Center

Huntsville, Ala. — Tanger has acquired Bridge Street Town Centre, an open-air retail center located in Huntsville, for $193.5 million. Tenants at the property, which totals 825,000 square feet, include lululemon,… The post Tanger Acquires Bridge Street Town Centre in Alabama for $193.5 Million appeared first on Shopping Center Business.

Location 104
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Ulta CFO to retire amid 6.4% sales growth

Retail Dive

Scott Settersten, who has held the role for more than a decade, will leave in April. Senior Vice President of Finance Paula Oyibo will replace him.

Finance 112
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2024’s Retail Odyssey: Going Small, Artificial, and Augmented!

Speaker: Kelly Goetsch - Chief Strategy Officer at Commercetools | Jason Cottrel - CEO & Founder at Orium | and guest speaker Brendan Witcher - VP, Principal Analyst at Forrester

Significant modifications are on the horizon for digital commerce in retail and customer experience come 2024. The pace of tech shifts will intensify, businesses are set to defund legacy solutions, and attractive opportunities will surface as social and retail media players join forces. To stay ahead of the curve, digital leaders are experimenting with less risky initiatives and scaling back on outdated projects that no longer yield impactful results.