Thu.Sep 07, 2023

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Walmart is Following Amazon’s Marketplace Playbook, but it has an Ace in the Hole — its 4,600 Stores

Retail TouchPoints

Exhibit A — how Amazon built its hugely successful digital commerce business: 1. Create an effective ecommerce platform 2. Open that platform to third-party sellers 3. Sell those sellers access to logistics and fulfillment services, many of which were already built for its own first-party retail business 4. Sell those sellers advertising opportunities so they have a better chance of standing out amid the ever-growing crowd of other sellers.

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The Berry Tea Shop launches equity crowdfunding to scale business

Inside Retail

Craft tea retailer The Berry Tea Shop has launched an equity crowdfunding campaign via Birchal as it seeks to scale the business and expand its product portfolio. The money raised will be used primarily to secure a new warehouse, venture into wholesale, scale marketing efforts, and introduce new products – including developing a ready-to-drink range.

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Books-A-Million Adds Same-Day Delivery via Walmart GoLocal

Retail TouchPoints

Books-A-Million will leverage its 231 stores to offer same- and next-day delivery using the white label Walmart GoLocal service, which Walmart introduced in August 2021. In the coming weeks, Books-A-Million will roll out the service nationwide, beginning in the Southeast and Midwest markets. Orders placed before 3 p.m. will be delivered that same day, with orders placed after that delivered the following day.

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“Mobilising dormant goods”: Circonomy on revitalising the secondhand market

Inside Retail

With affordability and sustainability remaining top of mind for Australian consumers, an increasing number of individuals are turning to and relying on second-hand products. According to Statista , the second-hand market’s value in Australia exceeded $60 billion in 2022, with 85 percent of Australian households having unused or unwanted items.

Marketing 273
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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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Party City to Emerge from Bankruptcy with Most Stores Intact

Retail TouchPoints

A bankruptcy judge in the Southern District of Texas has approved Party City ’s plan to emerge from bankruptcy, multiple sources report. The plan, which will cancel $1 billion in company debt, will enable Party City to close just a “handful” of its nearly 800 stores and save thousands of jobs, Party City attorney Ken Ziman said at a court hearing in Houston, as reported by Reuters.

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Fenton & Fenton rescued by Berkowitz Furniture

Inside Retail

Family business Berkowitz Furniture has acquired collapsed Melbourne-based homewares retailer Fenton & Fenton rescuing it from liquidation. Plans are underway to reopen the retailer’s physical stores and e-commerce operations later this year. Founder Lucy Fenton will be retained by the new owners as creative director to maintain the brand’s integrity, Berkowitz Furniture CEO Peter Berkowitz said.

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More Trending

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Retailers relieved by Senate’s stalling of controversial workplace bill

Inside Retail

Australian retailers have welcomed the Senate’s vote to delay its controversial workplace bill to allow time for further consultation. On Monday, Workplace Minister Tony Burke introduced the Closing the Loopholes bill making it a criminal offence to deliberately underpay workers with a maximum penalty of 10 years in jail and a maximum fine of $5 million.

Consumer 264
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Instacart Enhances Grocery Solutions with New AI Features, More In-Store Engagement Opportunities

Retail TouchPoints

Instacart has made a number of updates to its tools for grocers, further expanding its reach beyond its own app. The updates include new features for retailers that use the Instacart Storefront solution to power their ecommerce; updated functionality for its Caper Carts smart shopping carts; and a new app for Shopify that gives CPG brands access to Instacart Ads. “We’ve long believed the future of grocery — and commerce in general — isn’t online or in-store, it’s both, an

Grocer 206
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Australia’s social commerce market tipped to top $2.67 billion this year

Inside Retail

Australia’s social commerce industry is expected to register a 12.2 per cent growth this year reaching a market value of $2.67 billion. Social commerce is defined as the use of social media and digital networks to facilitate transactions between customers and businesses. According to Research and Markets, the trend of social buying and shopping is expected to record “significant expansion” in coming years with the gross merchandise value of such transactions predicted to reach $5.17 billion by 2

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4 Ways AI Can Support Business Growth

Retail TouchPoints

Retailers are tackling pressing issues, from wavering customer loyalty to finding the next channel or platform they need to sell on. But leadership teams still need to keep an eye on strategies for long-term, profitable growth. To juggle long- and short-term priorities, executives must address key questions, including: How can we prepare for shifts in customer behaviors?

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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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SunnyD Vodka Seltzer and Other Alcohol That Looks Like Juice Is Everywhere. Some States Are Cracking Down To Avoid Confusing Shoppers.

Retail Wire

Two U.S. states, Illinois and Virginia, are taking steps to separate alcoholic beverages designed to resemble popular juice drinks from their non-alcoholic counterparts on store shelves. Beverage companies have introduced alcoholic versions of well-known non-alcoholic beverages, often with similar branding and logos. Regulators are concerned that these products could confuse shoppers, particularly parents looking for.

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Sensormatic Debuts Loss Prevention Labels Designed for Metal Products

Retail TouchPoints

Sensormatic Solutions has introduced an acousto-magnetic metal label designed to protect high-risk products with metal surfaces like cookware, canned foods and power tools. The new label helps retailers protect previously unprotectable items, while also reducing the labor demand associated with tagging and monitoring these products. Additionally, Sensormatic has expanded its magnetic InFuzion hard tag family, including an ink version for visual deterrence and a wide-gap version for thicker items

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American Eagle Outfitters Lifts Revenue Forecast on Steady Demand

Retail Wire

American Eagle Outfitters has raised its annual revenue forecast, mirroring Abercrombie & Fitch, as it anticipates steady demand for its products despite ongoing high inflation. Despite reporting second-quarter revenue in line with expectations, the company’s shares fell around 3% in extended trading, though they have gained over 45% in the quarter.

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Elizabeth Arden – Experiential Event Sites

Retail Focus

During summer 2023, Impact Retail were challenged to design & deliver an enviable beauty experience for Elizabeth Arden. And they certainly delivered. Leveraging some of the most vital beauty trends in modern retail, the exclusive pop-up sites within Boots stores have been wonderfully received by peers and consumers alike. Elizabeth Arden’s eponymous founder was a pioneer in the skincare industry, acting as inspiration for many brands in the beauty sector today, which makes this pop-up so

Consumer 162
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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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Thieves Reportedly Stole $500,000 of Olive Oil After Drought Boosted Prices, Turning It Into ‘Liquid Gold’

Retail Wire

Thieves in Spain made off with $500,000 worth of extra virgin olive oil as prices for the liquid gold have surged due to drought and reduced production. The theft, which involved at least 50,000 liters of olive oil stored in a warehouse, prompted an investigation by the country’s Civil Guard. Spain’s olive oil production has.

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Our Barehands’ founders talk entrepreneurship and finding work-life balance

Inside Retail

Our Barehands , a Singaporean purpose-driven fashion firm, showcases a range of apparel and accessories made by underserved communities, including Afghan refugees. Behind the brand are three young Singaporeans: Germaine Lye and Mitchell Hong, a married duo, along with their close associate, Chanel Go. We recently caught up with Lye and Go to get their thoughts on career, leadership skills and their general perspective on running a business.

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Party City Set to Exit Bankruptcy With $1 Billion Debt Reduction

Retail Wire

Party City’s Chapter 11 bankruptcy plan, aimed at reducing approximately $1 billion in debt, has received approval from a U.S. bankruptcy judge. This plan will transfer all of the equity value to the retailer’s lenders and is expected to strengthen the business, leading to the closure of only a few out of its nearly 800.

Planning 199
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Retailers boost efforts to redirect unsold stock to those in need 

Inside Retail

Good360 Australia says the volume of unsold products received from retailers has increased by 20 per cent over the past year as companies do more to ease consumers suffering from the cost-of-living crisis. These items, including clothing, homewares, appliances, toiletries, and toys, would have been discarded if Good360 had not been able to redistribute them.

Consumer 130
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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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An Ad Consultant Used AI To Create a Fashion Magazine but Found It Nearly Impossible To Avoid ‘Too Perfect’ Images

Retail Wire

The world’s first AI fashion magazine, “Copy,” created by advertising consultant Carl-Axel Wahlström, features entirely AI-generated photos and text. These AI images, though often stereotypically perfect, serve to highlight the historical beauty ideals that have shaped our perceptions. Wahlström’s project aims to demonstrate the capabilities and limitations of AI photography, encouraging both reflection and progression.

Fashion 113
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Suria KLCC’s CEO Andrew Brien on the importance of innovation in retail

Inside Retail

In the bustling commercial landscape of Kuala Lumpur, the KLCC Property Holdings Berhad (KLCCP) Stapled Group stands out not just for its iconic property assets like the Petronas Twin Towers, but also for its strategic advances in the retail sector. Its assets include Menara ExxonMobil, Suria KLCC, and the five-star Mandarin Oriental hotel in Kuala Lumpur.

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I Visited 4 Subway Locations and Found Stale Bread, Bad Tuna, and Outdated and Dirty Restaurants. These Are Just a Few of the Problems Its New Owners Need To Fix.

Retail Wire

Subway, known for its rapid growth and sandwich-making process, is facing numerous challenges that its new owner, Roark Capital, must address. Insider reporter Nancy Luna visited four Subway stores in Southern California and offered several suggestions for improvement. These include continuing to remodel all stores, reducing store counts in areas with oversaturation, upgrading the quality.

Location 100
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Charities are being overwhelmed by silent cost crisis: Good360

Inside Retail

The nationwide impact of the rising cost of living has hit many parts of Australia. As recent ABS data shows, customers are almost universally shifting their spending habits, signalling difficult times for businesses and customers alike. As a result, tonnes of products which would otherwise have been sold are being redirected to charities, or in other cases, landfill.

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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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A Chick-fil-A in Texas Is Using a Robot Named Wall-E, Instead of Employees, To Deliver Food to Dine-in Customers

Retail Wire

A Chick-fil-A restaurant in Bryan, Texas, is testing the use of a robot named Wall-E to deliver food to dine-in customers. The robot was spotted delivering meals to breakfast customers, marking a novel approach for the chain known for its hospitality-focused workforce. While the robot handles food delivery, Chick-fil-A employees continue to provide traditional guest.

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Rihanna is back with a new Fenty x Puma collection 

Inside Retail

Rihanna has collaborated with sportswear manufacturer Puma to launch a new Fenty x Puma collection, dubbed the Avanti. Fenty x Puma Avanti – a hybrid style that blends Puma’s King football boot and Easy Rider running shoe – is made of soft vintage leather and has a fold-over tongue with a gold-foil Fenty and Puma Cat logo. The Avanti’s design, according to Puma, pays respect to the brand’s football legacy with its gum outsole and leather footbed.

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IKEA Stores Owner Ingka Plans Recycling Expansion

Retail Wire

Ingka Investments, the investment arm of Ingka Group, the largest owner of IKEA stores, is planning to expand its mattress recycling initiative across Europe, including France, Belgium, and Scandinavia. However, the company’s managing director, Peter van der Poel, emphasized that without changes to incentives that currently favor incineration, recycling may not be financially viable in.

Planning 100
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Our Barehands’ founders talk entrepreneurship and finding work-life balance

Inside Retail

Our Barehands , a Singaporean purpose-driven fashion firm, showcases a range of apparel and accessories made by underserved communities, including Afghan refugees. Behind the brand are three young Singaporeans: Germaine Lye and Mitchell Hong, a married duo, along with their close associate, Chanel Go. We recently caught up with Lye and Go to get their thoughts on career, leadership skills and their general perspective on running a business.

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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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Traditional Korean pavilions inform open-sided Aesop store in Seoul

Dezeen

Skincare brand Aesop has collaborated with designer Samuso Hyojadong to create a store in Seochon, Seoul , that features an open facade and an oversized stone plinth. Positioned in one of the oldest neighbourhoods of Seoul's Jongno-gu district, the Seochon outlet was created to "fit harmoniously within its local context", according to Aesop's design team.

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Retail appointments of the week

Inside Retail

Homie co-founder steps aside, new CEO named By Rakshnna Pattabiraman Melbourne-based retail brand Homie Clothing has appointed Stephanie Say as its new CEO as co-founder Nick Pearce steps aside. Of his decision, Pearce said: “I’m stepping back as the CEO after eight years to take on a new role as a stay-at-home dad to support my wife as she continues to grow her business, Merry People.

Fashion 130
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Primark Expands Click + Collect Trial to Include Womenswear

365 Retail

Primark is set to offer womenswear online for the first time as it expands its Click + Collect trial. From next Wednesday, 13 September, customers of the 57 trial Click + Collect stores across Greater London and the North West of England and North Wales will be able to buy a selection of womenswear online for collection in their local store. Womenswear now joins kids’ and nursery products on the trial service , meaning customers will be able to shop from around 2,500 Primark products via Click +

Fashion 119
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To make same-day delivery feasible, focus on these five areas

Inside Retail

A decade ago, Amazon rolled out one-hour delivery in New York. While they’ve since scaled that back to a two-hour service in certain major cities, the reality is that for many metro-based consumers around the world, delivery is a matter of hours, not days. If you order online at breakfast, you’ll get your goods before lunch. It’s an area where Australia is struggling to catch up.

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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