Thu.Mar 10, 2022

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The Iconic targets creativity adding Lego to its lineup

Inside Retail

Fashion and lifestyle retailer The Iconic has added Danish toy brand Lego to its assortment of brands. Parents can now shop Lego collections by a range of online filters including popular themes like Lego Star Wars, Lego Harry Potter and Duplo. The brand has also launched a dedicated edit for adults who want to get creative with the popular toy bricks.

Fashion 264
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Why 2022 Will Be a Big Coming Out Party for NFTs

Retail TouchPoints

Mike Winkelmann’s digital art project EVERYDAYs sold for a record-setting $69 million in March 2021. That moment is widely credited with kicking off the NFT craze that followed throughout the remainder of the year — and continues to this day. Indeed, 2021 brought a flurry of NFT drops by artists, followed by collections from sports teams along with generative collections like Bored Ape Yacht Club and more.

Consumer 283
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Woolworths grants Chicken Kyiv its Ukrainian dues

Inside Retail

Australian supermarket chain Woolworths has changed the labelling of its own brand Chicken Kievs to Chicken Kyiv to reflect its true name in Ukrainian spelling to align with the nation’s capital city and show solidarity with its people. For the next four weeks, the supermarket will donate 50 cents from each pack sold to the Australian Red Cross Ukrainian Crisis Appeal.

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Pilot Travel Centers to Invest $1 Billion in New Horizons Renovation Initiative

Retail TouchPoints

Pilot Travel Centers ’ $1 billion New Horizons remodeling project will enhance the retailer’s stores throughout North America. As part of the three -year project, more than 400 Pilot and Flying J travel locations will receive upgrades. More than 50 site remodels are planned for this year. Pilot will focus on several areas of improvement to its travel centers including complete store renovations, restroom and shower remodeling, kitchen and dining area expansion, driver amenity improvements, the e

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From Data to Decisions: Maximizing Retail Potential with 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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How customer loyalty helped Myer bounce back

Inside Retail

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. Much of this came from customers who are members of the Myer One loyalty scheme – with 70 per cent of all sales coming through the program.

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Ross Stores Plans to Add 100 Brick-and-Mortar Locations by January 2023

Retail TouchPoints

Ross Stores is already nearly one-third of the way toward its goal of opening approximately 100 new stores in fiscal 2022. In February and March 2022, the discount retailer opened 22 Ross Dress for Less locations and eight dd’s DISCOUNTS stores in 15 states and Guam. The retailer’s goal is to add a total of 75 Ross and 25 dd’s DISCOUNTS stores by the end of its current fiscal year on Jan. 28, 2023.

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BotsCrew Chatbots Designed to Span Channels and Countries

Retail TouchPoints

BotsCrew offers retailers a chatbot designed to connect to multiple channels, including Facebook, WhatsApp, SMS, website widgets and others. The platform allows for easy brand customization and features personalized analytics, live chat and the ability to add more than 100 languages. BotsCrew also includes features aimed to help train a chatbot to make it smarter, for example to help the program understand when different shoppers ask the same question but with different wordings.

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Heinemann to expand its Gold Coast Airport duty-free space

Inside Retail

Duty-free retailer Heinemann Australia has expanded its space at Gold Coast Airport as well as extended its contract until 2029. . Heinemann Australia has currently operated departures and arrivals across a total of 730sqm and the expansion is part of a $500 million investment into Gold Coast Airport precinct, which includes an airport hotel and a mixed-use Airport Central complex for hosting retail, food and beverage and medical services businesses.

Consumer 245
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Walmart Adds Spotify to Membership Benefits, Expands Wellness Offerings

Retail TouchPoints

Walmart is continuing to expand beyond typical big box retailer offerings with the addition of new wellness services and free access to music streaming platform Spotify for Walmart+ members. From now through the end of 2022, new and existing Walmart+ members will have access to six months of Spotify Premium for free. “Our Walmart+ members have told us they’re passionate about their music and entertainment, so today’s announcement is just one more way that we’re adding value to our Walmart+ membe

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Karrinyup opens wellness precinct

Inside Retail

Western Australia’s Karrinyup shopping centre will launch a wellness precinct on March 14. The new space is part of an $800 million development expansion almost doubling the size of 2500sqm mall. The wellness precinct will house a range of services including yoga, boxing, strength training, HIIT, meditation, breathwork, and physiotherapy. There will also be a dedicated health bar, a fully functioning gym, a day spa, eight treatment rooms, and a relaxation lounge, all under one roof. .

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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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Why the Ukraine Crisis Will Impact the Supply Chain for Everyone — Not Just Those Directly Exposed

Retail TouchPoints

Some retailers have more direct exposure to Russia’s war with Ukraine than others, but every company will feel the impact of the crisis as it reverberates down the supply chain. Additionally, despite existing economic pressures, many retailers are cutting their Russian operations in support of Ukraine — so many that Uniqlo is facing backlash for being one of the few international retailers staying open in the country.

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Break the bias: Here are six women to watch in fashion technology

Inside Retail

On 19 March 1911, International Women’s Day was honoured for the first time, in Austria, Denmark, Germany, and Switzerland. Over 1 million people attended rallies campaigning for change, such as giving women the right to work, vote, access education and training, and hold public office. More generally, the call was for ending gender discrimination. In 1914, there were many discussions and events around the date and it was decided to move International Women’s Day to 8 March.

Fashion 147
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Amazon announces 20-to-1 stock split

Retail Wire

Amazon.com’s announced 20-to-1 stock split will make the company’s shares more accessible to individual investors. The company also announced that would buy back $10 billion of its shares.

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Uniqlo to suspend Russia operations in U-turn

Inside Retail

Uniqlo owner Fast Retailing Co on Thursday said it would suspend operations in Russia, in a U-turn by the Japanese fast-fashion giant which had indicated it would stay in the market after Moscow’s invasion of Ukraine. The company was notable stand out among major retail brands, saying it would continue doing business in Russia amid the imposition of massive trade and banking sanctions.

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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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Men prefer to see ordinary guys in advertising

Retail Wire

Research by Schick, owned by Edgewell Personal Care, finds that aspirational marketing doesn’t work as well as it once did. Today’s consumers are “just more sophisticated in their understanding of marketing and media,” said Matt Bell, svp and general manager of Edgewell’s shaving business in North America. “They’re craving an authentic voice that isn’t trying to sell them a fantasy, but instead can show them reality.”.

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Meet online retail giant Coupang, Korea’s answer to Amazon

Inside Retail

It has been almost exactly a year since Coupang became the first Korean company to list directly on the New York Stock Exchange. Expectations then were running high for the country’s largest e-commerce player. So high that it was routinely referred to as the ‘Amazon of Korea’ because it mimics much of what Amazon does well and sells across the same broad range of categories.

Fashion 130
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Three more Starbucks vote to unionize

Retail Wire

Workers at three more stores in the Buffalo, NY, area have voted to be represented by a union affiliated with the Service Employees International Union. That brings the total number of Starbucks with unions to six with about 130 stores slated to vote. Starbucks operates about 9,000 locations across the U.S.

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CCIE Lab Rentals for Practical Exam Preparation

Cisco Retail

The long and storied history of Cisco’s first certification begins in the 1990s, when the Cisco Certified Internetworking Expert (CCIE) certification was launched. 30 years later, the CCIE certification is widely recognized as the pinnacle of achievement in networking, and attaining it despite the arduous nature of certification demonstrates mastery of your chosen domain.

ATS 143
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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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Consumer prices jumped in February

Retail Wire

Year-over-year prices in the U.S. rose 7.9 percent in February, according to the Bureau of Labor Statistics. Prices were up 0.8 percent from January. Rising fuel prices tied to Russia’s invasion of Ukraine is expected to drive the inflation rate in March even higher.

Consumer 130
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Introducing the new ‘Defending Against Critical Threats’ report

Cisco Retail

Today, we’re pleased to launch our annual Defending Against Critical Threats report. Inside, we cover the most significant vulnerabilities and incidents of 2021, with expert analysis, insights and predictions from our security and threat intelligence teams across Cisco Talos , Duo Security , Kenna Security , and Cisco Umbrella. It’s clear that 2021 – and, indeed, the start of 2022 – has been very challenging for security defenders.

Planning 141
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At the Movies: For 14th Year Running, NVIDIA Technologies Power All VFX Oscar Nominees

Nvidia

For the 14th consecutive year, each Academy Award nominee for the Best Visual Effects used NVIDIA technologies. The 94th annual Academy Awards ceremony, taking place Sunday, March 27, has five nominees in the running: Dune. Free Guy. No Time to Die. Shang-Chi and the Legend of the Ten Rings. Spider-Man: No Way Home. NVIDIA has been pushing the boundaries of computer graphics for decades, enabling innovative studios and their incredibly talented artists around the world to create award-winning vi

ATS 130
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McD’s says it will lose $50M a month after closing locations in Russia

Retail Wire

McDonald’s said that it will lose about $50 million a month if its 847 restaurants in Russia remain closed. “This is a really challenging and complex situation for a global company like us,” said CFO Kevin Ozan.

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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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Light Me Up: Innovators Redefine Energy Meters for a More Efficient Grid

Nvidia

Say hello to tomorrow’s smart electric meter, literally. You can ask some next-generation home energy hubs questions, just like you do Alexa or Siri. Some devices, arriving this year, will display real-time simulations — vibrant as a video game — to show how you can lower your energy bill or reduce your carbon footprint. They’ll help manage power flows for solar panels and electric vehicle chargers.

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Growing list of companies say ‘Nyet’ to Russia

Retail Wire

Stanley Black & Decker is among the latest Western companies to pull out of Russia following that country’s unprovoked war on neighboring Ukraine. Others that have suspended operations in Russia include Adidas, Apple, Chanel, H&M, IKEA, McDonald’s, Mothercare, Nike and Starbucks.

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Twitter tests Shops feature

Retail Dive

Shoppers can click a "View Shop" button on merchants' profiles and browse up to 50 products on the platform.

Shopping 137
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Peloton to test new subscription plans

Retail Wire

Peloton Interactive plans to test a bundled bike and subscription plan in Denver, Florida, Minnesota and Texas. The plans, which will be priced between $60 an $100 a month, are an effort to revive the at-home fitness company’s lagging sales. “There is no value in sitting around negotiating what the outcome will be,” said Peloton CEO Barry McCarthy.

Planning 100
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Retails 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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WHAT IS FUELING THE REBIRTH OF PHYSICAL STORES?

Retail Minded

Very few retail leaders would argue that the role of physical stores are the same as they were at the start of 2020. Most would agree that they are very different in direct response to the global pandemic. So what does this actually mean for physical stores today? Where once upon a time retail business models had the luxury of evolving over years and often even decades, retailers over the last two years were forced to rapidly pivot their operations, change business models and even switch to unfa

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Walmart ordered to rehire associate with Down syndrome who was fired

Retail Wire

A federal judge has ordered Walmart to rehire a woman with Down syndrome who had been fired from her job at one of the chain’s stores. It has also been ordered to give her more than $50,000 in back pay and pay jury damages of $300,000. The court did not approve the the U.S. Equal Employment Opportunity Commission’s request to approve tighter scrutiny of Walmart’s labor practices over the next five years.

ATS 100
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Amazon halts sales in Russia amid Ukraine invasion

Retail Dive

The e-commerce giant joins a host of other brands, retailers and tech companies pulling back from the country.

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Take a Look at Cisco ThousandEyes for Cloud Developers

Cisco Retail

Cisco’s Developer Relations team is excited to announce the availability of a guided workshop for Cloud developers interested in Cisco’s ThousandEyes technology. Access the 3-part video series playlist. “Visibility should be a mission critical priority for a multi-cloud environment – You may not own networks or infra, but you still own the outcome.” Enterprise Management Associates®, an IT management. research, industry analysis, and consulting firm.

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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.