RIS News
AUGUST 18, 2023
According to the World Economic Forum, retail spending on AI is predicted to grow from $4.9B in 2021 to $52B by 2029. Artificial Intelligence and Machine Learning (AI/ML) have the potential for far-reaching impact on retailers and brands.
Inside Retail
AUGUST 18, 2023
Wearable blanket brand The Oodie has recalled its Kids Beach Oodie range due to safety concerns that they may pose a fire risk. According to Product Safety Australia, there is a risk of “serious burn injuries” if the product is exposed to a heat or flame source. The range has been recalled since it does not have the required fire hazard warnings, which goes against the mandatory safety standards for children’s nightwear.
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Retail TouchPoints
AUGUST 18, 2023
Gen Z and their younger counterparts in Gen Alpha are often referred to as “digital natives.” But what exactly does that mean? And more importantly, how does this “native” status impact the methods brands use to engage these current and future consumers? A panel at the June 2023 Retail Innovation Conference & Expo provided answers and insights in the session titled Gen Z and Gen Alpha: Creating Impactful Brands for the Next Wave of Consumers.
Inside Retail
AUGUST 18, 2023
Australian fashion brand RM Williams has opened its flagship store at Rundle Mall in Adelaide. Designed in partnership with Australian interior designers ACRD, the new store marks the brand’s second iteration of a new retail rollout announced last month. The 227sqm store offers distinct sections for each of the brand’s product categories, similar to the previous location established in Perth.
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.
Retail TouchPoints
AUGUST 18, 2023
Walmart has named Kath McLay as its new President and CEO of Walmart International, replacing retiring 27 -year Walmart veteran Judith McKenna. Chris Nicholas, currently COO of Walmart U.S., will replace McLay as President and CEO of Sam’s Club U.S., with both changes taking effect Sept. 11, 2023. McLay, who joined Walmart in 2015, had roles in strategy and supply chain and led the retailer’s Neighborhood Market business before taking on the top jobs at Sam’s Club.
Retail Wire
AUGUST 18, 2023
Gig workers for delivery apps like Instacart are resorting to marking houses of “tip baiters,” customers who promise generous tips but later reduce or eliminate them after delivery, on Google Maps. These workers, who often rely heavily on tips for income due to low base pay, are using this method to help fellow colleagues avoid.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
AUGUST 18, 2023
Melbourne-based fragrance brand Flâner has opened its first pop-up in Fitzroy, Victoria. The store boasts five non-gendered eau de parfums, which come in floral, wood, fresh and gourmand options, and a scented candle product made from olive wax called Firenze Leather. Each scent is named after a major ingredient or note used and is paired with an “urban story” it represents.
Intelligence Node
AUGUST 18, 2023
Predictions and Insights for Industry Leaders While the luxury industry took a while to pivot to digital, the last two years have seen a big uptick in digital investments, including. The post How Brands are Innovating the Luxury Retail Experience appeared first on Blog.
Retail Wire
AUGUST 18, 2023
Pickleball, a sport combining elements of tennis, ping-pong, and badminton, has become the fastest-growing sport in the U.S. with 8.9 million players as of 2022, an 85% increase from the previous year. To meet the rising demand, a report by the Sports & Fitness Industry Association (SFIA) and Pickleheads suggests that over 25,000 new pickleball.
Retail Gazette
AUGUST 18, 2023
Wilko will launch a new sale offering further discounts on hundreds of products in its stores today while administrators weigh up rescue bids. The discount chain, which collapsed into administration earlier this month, is slashing the prices of products even further as part of a separate “secondary” sale, The Sun reported. It comes on top of the administration sale, which the retailer launched in its 400 stores last week.
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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.
Retail Wire
AUGUST 18, 2023
Wendy’s has unveiled its first “next gen” restaurants that prioritize technology and digital ordering, with a focus on drive-thru, dine-in, and digital order pickup. The design features self-service kiosks, pickup shelves for mobile orders, and dedicated parking spaces for delivery drivers. These tech-focused restaurants aim to meet the increasing demand for digital sales, and by.
Retail Gazette
AUGUST 18, 2023
Co-op members are set to protest at the company’s Manchester HQ on Saturday, in response to the supermarket’s use of Frankenchickens. The move comes after an undercover investigation revealed suffering Frankenchickens on a Co-op farm. The videos raised anger among the chain’s members, who in May voted by 96% for the retailer to consider adopting the Better Chicken Commitment (BCC).
Retail Wire
AUGUST 18, 2023
Walmart’s strong sales growth in the last quarter, in contrast to Target’s decline, is largely attributed to Walmart’s dominance in the grocery sector. One in four U.S. grocery dollars are spent at Walmart, making it a major player in the industry. Walmart’s focus on grocery staples and in-home meal options, along with its popularity among.
Retail Gazette
AUGUST 18, 2023
The parent company of Ben Sherman has recruited a new licence partner for the menswear brand as it looks to bolster its growth. Marquee Brands has partnered with BSI Apparel as core licensee and operating partner, with increased investment underpinning the new deal. BSI Apparel, a subsidiary of Crew Clothing owner Broadgate1960, will produce and distribute men’s apparel and tailored clothing to the retailer’s global distributors.
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.
Retail Wire
AUGUST 18, 2023
H&M, the world’s second-largest fashion retailer, has announced its decision to gradually cease sourcing from Myanmar due to reports of labor abuses in the country’s garment factories. The move follows similar decisions by brands like Inditex (owner of Zara), Primark, and Marks & Spencer to sever ties with suppliers in Myanmar. H&M cited the increased.
Retail Gazette
AUGUST 18, 2023
Retailers across the UK including Boohoo, Waitrose and Ocado are set to enjoy a boost in sales as football fans prepare for the Women’s Fifa World Cup final this weekend. Analysis by Boohoo reveals that searches for ‘Lionesses kit’ soared 3,981% above the average volume in the last 90 days as England prepares to go head-to-head against Spain on Sunday.
Retail Wire
AUGUST 18, 2023
Blue Shield of California is shifting away from most of CVS Health’s pharmacy benefit management (PBM) services and is partnering with Amazon, Mark Cuban’s Cost Plus Drug Company, and others to reduce drug costs for its insurance plan members. While Blue Shield will still use CVS Caremark for managing specialty drugs, it plans to save.
Cisco Retail
AUGUST 18, 2023
Collaboration was key in the development of the platform In June 2022, Cisco announced plans to develop Cisco Full-Stack Observability (FSO) platform, expanding upon the foundations set by… Read more on Cisco Blogs
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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.
Retail Wire
AUGUST 18, 2023
Off-price retailer Ross has increased its annual sales and profit forecasts after surpassing quarterly estimates. Bargain-seeking shoppers looking for discounted clothing and shoes amid inflation and rising household costs have boosted demand for Ross’ products. The company’s strong product assortments, particularly in the back-to-school category, have also contributed to its success, with Ross’ foot traffic.
Cisco Retail
AUGUST 18, 2023
SAP availability has traditionally been measured based solely on whether the application is up and running, commonly referred to as uptime or system availability.
Retail Dive
AUGUST 18, 2023
The retailer’s bankruptcy was converted from Chapter 11 this week, with the judge stepping in to prioritize paying store employee wages.
RIS News
AUGUST 18, 2023
Walmart’s second-quarter earnings release showed inflation isn’t deterring their consumers from shopping with the retail giant, highlighted by solid revenue growth of 5.7% and operating income growing faster at 6.7%.
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 Dive
AUGUST 18, 2023
Over 10,000 of the retailer’s products for pets including dogs, cats, fish, reptiles and birds are available on DoorDash Marketplace.
LS Retail
AUGUST 18, 2023
©iStock/MJ_Prototype According to SBA , here are approximately 1.3 million U.S.-based small businesses that export products, a nearly five-fold increase over previous estimates. The main export products are in manufacturing, medical equipment, wholesale, plastics and chemicals and computer systems design industries. The full report, " SBA Research Sheds New Light On Small Business Exporters ," can be found here.
Retail Dive
AUGUST 18, 2023
The suit filed by a Target stockholder alleges that the retailer misled shareholders over the effect its ESG efforts would have on its performance.
RETAIL MANAGEMENT SOFTWARE
AUGUST 18, 2023
As summer vacations wind down and the anticipation of a new school year grows, retailers are gearing up with back-to-school retail ideas for the annual shopping rush. This critical period not only marks the return to classrooms but also signifies a significant revenue opportunity for businesses in the retail sector. Unpredictable inflation has significantly impacted parents’ spending behavior.
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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 Dive
AUGUST 18, 2023
The apparel retailer, which is cutting 150 jobs, said it continues to take action to improve long-term growth.
Cisco Retail
AUGUST 18, 2023
This blog was written by Andre Heller, Program Director of Signpost.
Retail Dive
AUGUST 18, 2023
The pet care brand's long-term debt reached $81.4 million in Q1 and revenue declined 8% year over year.
Rain Pros
AUGUST 18, 2023
eCommerce has dramatically disrupted the retail sector in recent decades by changing how people shop. The accessibility and convenience offered by online shopping platforms have led to significant shifts in consumer behavior, and traditional retailers must adapt to ensure they remain competitive and meet evolving customer expectations. If you run a retail store and are looking to venture into online selling, here are some key considerations and solutions for e-commerce logistics that can help en
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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