Retail TouchPoints

APRIL 5, 2023

Best Buy will simplify responsible recycling of tablets, cords, keyboards and other electronics with a nationwide pilot of its new prepaid Technology Recycling Box. Consumers can order boxes in two sizes: small boxes that can carry up to six pounds for $22.99 and large boxes capable of carrying up to 15 pounds for $29.99. After consumers load the boxes with their old equipment, they can arrange for a UPS pickup or bring the box to a UPS drop-off location.

Consumer 321

Consumer Location ATS Fulfillment 321

Tokinomo

APRIL 5, 2023

This rising inflation is impacting the way we shop and what we add to our carts. While some social categories might still be able to enjoy a casual shopping spree, there are people who can’t even afford the essentials. What did this lead to? Retailers providing “Essential” item lines for people who are looking to save a buck and flexible payment options, especially for more expensive items.

Shopping 246

Shopping 246

Retail TouchPoints

APRIL 5, 2023

Shopping center operators are facing a new call to action: Evolve and elevate your experiences or lose your customers forever. Tanger Outlets has responded to this message with urgency as it aims to engage and acquire a younger demographic of consumers. “We’re pivoting away from being a real estate company and leaning into being an experience company,” said Stephen Yalof, CEO of Tanger Outlets in an interview with Retail TouchPoints.

Shopping 306

Shopping Consumer Customer Experience Fulfillment 306

Dezeen

APRIL 5, 2023

Japanese studio Kooo Architects has converted a 1970s textile factory in Shanghai into a store that aims to capture the ethos of messenger bag manufacturer Freitag. Located on an alley in the Xian-Suo district in central Shanghai, the store was designed to retain elements of the former state-run factory while incorporating reused material. Kooo Architects aimed to create a pared-back aesthetic utilising few finishes to reduce the fit-out's carbon impact.

Shopping 141

Shopping Location 141

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

Customer Experience

Retail TouchPoints

APRIL 5, 2023

Buy Now, Pay Later ( BNPL ) solutions have exploded in popularity, with a staggering growth rate of 1000% since 2019. So far, this payment method has made it easy for millions to purchase nice-to-have items such as the latest iPhone, trendy sofas, designer handbags and stylish clothes without paying in full upfront. However, the winds of change are blowing: as inflation and interest rates continue to climb, BNPL is shedding its reputation for luxury spending and becoming a financing solution for

Merchant Services 295

Merchant Services Payment Services Finance Consumer 295

Inside Retail

APRIL 5, 2023

Bstore, Australia’s largest official Birkenstock retailer, has committed to its first long-term partnership with not-for-profit Science for Wildlife, a wildlife conservation organisation, which is working to protect koalas and their habitats. The retailer has committed to donating a portion of each sale to Science for Wildlife in order to aid the organisation’s research and development in science-led conservation solutions.

Fashion 130

Fashion Management Consumer Accessories 130

Inside Retail

APRIL 5, 2023

US-headquartered brand management company Authentic Brands Group has made a binding offer to acquire sports and lifestyle company Boardriders – including Australia’s 80-strong Surf Dive ‘n Ski chain of stores. Boardriders designs produces and distributes branded apparel, accessories and footwear for boardriders globally and its portfolio includes Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, VonZipper and Honolua.

Wholesale 130

Wholesale Accessories Apparel Brand Management 130

Retail TouchPoints

APRIL 5, 2023

Consumers and retailers are turning to resale more than ever amid economic uncertainty, according to ThredUp ’s 11th annual Resale Report , conducted by GlobalData. The study found that more than half of U.S. consumers ( 52% ) shopped secondhand apparel in 2022. In fact, one in three apparel items bought in the last 12 months in the U.S. was secondhand, and among Gen Z that number was two in five.

Fast Fashion 277

Fast Fashion Apparel Fashion Consumer 277

Retail Wire

APRIL 5, 2023

Old Navy is doubling the number of dresses it sells with pockets to drive spring sales. The retailer decided to add pockets based on consumer research, which found that more than half of the women surveyed said their favorite dresses have pockets.

Consumer 130

Consumer 130

Retail TouchPoints

APRIL 5, 2023

GNC will revamp its brick-and-mortar stores to make them into “home bases” where its tech-driven omnichannel experience will be launched. Each store will continue to operate in its traditional retail capacity but also will empower associates to enhance the digital experience through the introduction of a new selling tool and mobile POS system. GNC has partnered with Salesfloor to bridge GNC.com with in-store associate coaching to create an omnichannel social selling experience.

Checkout 264

Checkout Shipping Location Consumer 264

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Retail Wire

APRIL 5, 2023

Private employers added 145,000 jobs last month, according to the ADP National Employment report. Economists expected 200,000 jobs to be added. ADP revised February’s numbers higher to 261,000 instead of the 242,000 previously reported.

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Retail TouchPoints

APRIL 5, 2023

As social media platforms slowly nix their live shopping efforts, fashion resale marketplace Poshmark is adding the feature with the official debut of Posh Shows following several months of testing. Available in the U.S. and Canada, Posh Shows enable sellers to livestream on Poshmark for the first time. The platform has long hosted Posh Parties — themed virtual shopping events in which any seller can share listings that fit the theme.

Shopping 263

Shopping Fashion Planning Social Commerce 263

Retail Wire

APRIL 5, 2023

FedEx is combining its Express and Ground delivery businesses into a single unit. The move is being made to simplify the delivery service’s interactions with customers and reduce costs. “There’s opportunity to continuously improve the efficiency of our operations,” said FedEx CEO Raj Subramaniam. “Our customers are going to see a difference.

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Retail TouchPoints

APRIL 5, 2023

Walmart plans to introduce automation at nearly two-thirds of its stores and aims to have approximately 55 % of its fulfillment center volume move through automated facilities by the end of fiscal 2026. The move could help unit cost averages improve by approximately 20% , and Walmart expects to maintain or even grow its associate count through the creation of new roles.

Planning 245

Planning Fulfillment Returns Advertising 245

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Management

Retail Dive

APRIL 5, 2023

The retail giant expects that within three years, 55% of its fulfillment center volume will move through automated facilities, and a whopping 65% of its stores will be automated to some extent.

Fulfillment 126

Fulfillment 126

Retail TouchPoints

APRIL 5, 2023

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237

Retail Dive

APRIL 5, 2023

That’s down from the company’s estimates last year, which expected the market to reach $82 billion by 2026.

Marketing 124

Marketing 124

Retail Wire

APRIL 5, 2023

Conagra Brands raised its profit forecast after it posted better-than-expected sales and earnings in the third quarter. The consumer packaged goods giant has benefitted from passing on price increases.

Consumer 100

Consumer 100

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Fulfillment

Retail Dive

APRIL 5, 2023

Consumers can order a small recycling box for $22.99 or a medium box for $29.99 to have their electronics recycled.

Consumer 119

Consumer 119

Retail Wire

APRIL 5, 2023

New York has approved licenses for 99 recreational marijuana shops as the state tries to expedite the process two years after the state legalized the sale of cannabis products to adults. Only seven legal shops have opened in the state to date. “We’re absolutely thrilled that we’re able to expand the rollout of legalized cannabis across almost every region of the state,” said Tremaine Wright, chair of the Cannabis Control Board.

Shopping 100

Shopping 100

Retail Dive

APRIL 5, 2023

A former store manager says the company violated state and federal law by failing to give proper notice under the WARN Act.

Management 111

Management 111

Retail Wire

APRIL 5, 2023

Fanatics has acquired Epi, a company that sells merchandise for the Italian Football Federation, AC Milan, Inter Milan and Juventus. Epi is being rebranded as Fanatics Italy.

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Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

Finance

Retail Dive

APRIL 5, 2023

The brand is also sold through Amazon and Whole Foods, and its vitamins are packaged in recycled materials.

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Retail Wire

APRIL 5, 2023

Amazon.com lobbied against a bill in Oregon that would have required data center operators in the state to achieve net-zero carbon emissions by 2040. The retail and technology giant fought the legislation despite pledging to reach net-zero emissions by 2040. Amazon spokesperson David Ward said the company opposed the bill because it did “not address the build-out of electric infrastructure that is needed to bring more clean energy to the grid.

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Retail Dive

APRIL 5, 2023

Contractors in Southern California were found to frequently underpay garment workers, in one case paying them as little as $1.58 an hour.

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Retail Wire

APRIL 5, 2023

L’Oréal’s $2.5 billion offer for the skincare brand Aesop will be the biggest deal in the cosmetic giant’s history. “Aesop taps into all of today’s ascending currents, and L’Oréal will contribute to unleash its massive growth potential, notably in China and travel retail,” said Nicolas Hieronimus, L’Oréal CEO.

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Marketing

Retail Dive

APRIL 5, 2023

The partnership, which marks the DTC brand’s first entrance into wholesale, puts Gainful’s products in 1,800 of the mass merchant’s stores.

Wholesale 98

Wholesale ATS 98

Shopping Center

APRIL 5, 2023

Hamburg, N.Y. — Cushman & Wakefield has arranged the sale of two adjacent retail centers comprising a total 416,544 square feet in Hamburg. Located at 4408 Milestrip Road, the first center, BJ’s Plaza, is anchored by BJ’s Wholesale Club and… The post Cushman & Wakefield Arranges Sale of Two Retail Centers Totaling 416,544 Square Feet in Hamburg, New York appeared first on Shopping Center Business.

Wholesale 97

Wholesale Location Shopping ATS 97

Retail Dive

APRIL 5, 2023

In an interview, Russell Stokes talked about price increases, how products are faring in the current environment and changes in shopping behaviors.

Consumer 97

Consumer Shopping 97

LS Retail

APRIL 5, 2023

©iStock/leekris The Export Lender of the Year Awards recognize excellence in export financing. These awards highlight the accomplishments of lenders in delivering SBA’s international finance programs to small businesses, designed to help small businesses develop new markets, finance export transactions, and expand capacity to meet overseas demand. This year, the SBA’s Office of International Trade selected Regions Bank and Amerant Bank as the 2023 Export Lenders of the Year, and Berkshire Bank a

Finance 88

Finance Marketing 88

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