Fri.Nov 17, 2023

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Retail sales slump to ‘lockdown’ levels as shoppers delay Christmas spending

Retail Gazette

Retail sales dropped unexpectedly last month with figures returning to “lockdown” levels as shoppers delay their Christmas spending amid ongoing inflationary pressures. The latest figures from the Office for National Statistics (ONS) show sales volumes slipped 0.3% in October following a fall of 1.1% in September. Online retailing was the only sub-sector to report growth, with volumes edging up 0.8% in October following a fall of 2.4% in September.

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Amazon to Sell Hyundai Cars Online in 2024; Automaker Selects AWS as Cloud Provider

Retail TouchPoints

No, they won’t arrive on your doorstep in a giant box cushioned by packing peanuts, but Amazon customers in the U.S. will be able to purchase Hyundai cars online next year. Customers will be able to shop for available vehicles in their area based on preferences including model, trim, color and features, check out online and then either pick up their car at a local dealership or have it delivered to their home.

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Walgreens Is Closing for the First Time During Thanksgiving

Retail Wire

Walgreens has decided to close most of its stores on Thanksgiving Day this year for the first time in the company's history.

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Even Elves are Using AI This Year: Simon Debuts ‘HolidAI’ Tool in Two Malls

Retail TouchPoints

Since Santa’s magic only works in the vicinity of the North Pole, Simon Property Group has equipped “helper elves” with ChatGPT 4.0-powered AI technology to assist shoppers seeking the perfect gift. Beginning on Black Friday and recurring every Saturday and Sunday through Dec. 23, HolidAI elves carrying tablet devices will be strategically positioned throughout Simon’s Roosevelt Field mall in Garden City, N.Y. and Del Amo Fashion Center in Torrance, Calif.

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Optimizing Frontend Delivery in Composable Commerce: The Buy vs Build Decision

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Last-Minute Holiday Shoppers Could Be Fraud Victims

Retail Wire

By taking extra steps against fraud, the holiday can be free of headaches for shoppers.

Shopping 265
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Product Substitution: How Savvy Retailers and Manufacturers can Build Supply Chain Resiliency, Reduce Costs and Improve Customer Experiences

Retail TouchPoints

When customers place ecommerce orders, the last thing they want is an unhappy surprise. Shipping delays and stockouts lead to frustration and disappointment, especially when logistical problems impact time-sensitive purchases, such as special occasion gifts, event tickets or prescription medications. The letdown customers experience when their orders don’t arrive on time, or at all, results in uncertainty and distrust that’s difficult — if not impossible — to remedy.

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Computer Vision-Enabled App Helps Home Depot Improve On-Shelf Availability

Retail TouchPoints

The Home Depot has one major advantage over competing retailers that keep much of their inventory in back rooms, where it’s invisible to customers and associates alike. With its high store ceilings, the retailer can store many items in shelving way above the sales floor, ready to be taken down and put on reachable shelves. The problem, of course, is that storing items so high up means it’s nearly impossible to read their labels, barcodes or QR codes, making it difficult to know not just what’s u

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Mortgage Rates Continue To Decrease Slightly, According to Experts

Retail Wire

Mortgage rates have taken a dip for the third consecutive week, offering a sigh of relief for budget-conscious homebuyers.

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Stitch Fix Launches ‘Holiday Party Hotline’ to Help Shoppers Find the Perfect Outfit

Retail TouchPoints

The Stitch Fix value prop has always centered around its robust data and analytics strategy — with so much insight into consumer behaviors and preferences, stylists can match shoppers to the perfect wardrobe pieces. To better serve shoppers in urgent need of outfit advice, Stitch Fix has launched new services spanning phone and social media for the holiday season.

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Pikachu Squishmallow Toy Might be the Hottest Gift This Holiday

Retail Wire

Get this Pikachu Squishmallow before it's completely gone.

Shopping 246
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Innovation Fest: Summer of AI

Join Bloomreach at Innovation Fest: Summer 2024, a virtual event, to explore the future of personalized marketing and merchandising! Along with the company’s top product experts, CEO Raj De Datta will provide an exclusive look at the company’s latest AI innovations reshaping the omnichannel experience. Don’t miss out on this exciting opportunity to connect with fellow industry leaders and explore the latest trends in retail technology.

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Skechers slams ‘baseless’ Nike lawsuit as an abuse of market power

Inside Retail

Skechers USA Inc said it will “vigorously defend” the “baseless” patent lawsuit filed by Nike earlier this month. Nike previously claimed that several sneaker models of Skechers and New Balance misuse its patented Flyknit technology , which uses “high-strength fibres to create lightweight uppers with targeted areas of support, stretch and breathability”.

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Eye Drops Recall: Amazon Pulls Seven Brands Following FDA Warning

Retail Wire

Amazon is taking down seven brands of eye drops from its online marketplace in response to a letter from the FDA.

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In pictures: Flannels and Sports Direct’s ‘revolutionary’ Metrocentre stores

Retail Gazette

Frasers Group has opened the doors to its new ‘revolutionary’ stores for both Sports Direct and Flannels at Gateshead’s Metrocentre. The retail group has transformed the former Debenhams unit into new homes for its luxury and sports retailers, alongside a new flagship space for its Everlast Gym. The 50,000sq ft Flannels flagship on the ground floor boasts an expansive new luxury fashion collection from brands including Givenchy, Marc Jacobs, Tom Ford and Vivienne Westwood, as well as

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GM’s Cruise Halts Robotaxi Operations Due to Safety Concerns

Retail Wire

General Motors’ autonomous vehicle division, Cruise, recently put forward a major operational decision. This GM-owned robotaxi company declared a suspension of.

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Composable Commerce Reference Architecture 2024 Edition

Achieve more with your commerce with the help of Orium’s Composable Commerce Reference Architecture 2024 Edition. Presented in partnership with commercetools, Contentstack, and Google Cloud, this edition is packed with new insights and practical examples to help you navigate changes in digital commerce and construct an adaptable tech stack optimized for efficiency and scalability.

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Interview: How Chinese giant Miniso is planning to take over the UK

Retail Gazette

Cult Chinese retailer Miniso is currently embarking on an ambitious brick-and-mortar expansion in the UK. The retailer, which has over 5,800 stores in more than 100 countries, may have gone under the radar so far in the UK as it quietly opened more than 20 stores, however, its latest opening on Oxford Street should bring more attention. The lifestyle retailer, which takes inspiration from Japanese culture with Hello Kitty’s aplenty in its stores, is not stopping there.

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Target Initiates Recall of Toy Mushroom Peg Sorters Due to Safety Concerns

Retail Wire

Target has announced a recall of its 13-Piece Toy Mushroom Peg Sorter due to a potential choking hazard for children.

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REI vows to fight union allegations, puncturing its progressive reputation

Retail Dive

Unionized store workers this week filed 80 unfair labor practice charges against the outdoor retailer, alleging bad faith bargaining and retaliation.

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Starbucks Red Cup Rebellion Is the Largest Work Stoppage in Company History

Retail Wire

The Starbucks Red Cup Rebellion was the largest work stoppage in the coffee chain's history.

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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, 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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Cisco and Our Partners: We Are Greater Together!

Cisco Retail

Co-authored by Rodney Clark , SVP of Partnerships and Small & Medium Business Thank you to all of our Partners who joined us digitally or traveled to Miami Beach for Cisco Partner Summit 2023.

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Alibaba Cancels Cloud Unit Spinoff as US-China Tech War Rises

Retail Wire

Alibaba has decided to halt the spin-off and public listing of its $11 billion cloud business.

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Under Armour ‘really excited’ about progress on inventory

Retail Dive

Growth in stock levels has shrunk considerably as the sportswear brand sells through pack-and-hold products and funnels excess stock to its outlet stores.

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Five Restaurants to Join The Shops at Broad in Texas 

Shopping Center

Mansfield, Texas — Five restaurants have signed new leases at The Shops at Broad, a retail center located in Mansfield. Portillo’s, Outback Steakhouse, Carrabba’s Italian Grill, Boomer Jack’s Grill and Chuy’s… The post Five Restaurants to Join The Shops at Broad in Texas appeared first on Shopping Center Business.

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The Pragmatic Guide to Composability

Be empowered to master the digital landscape and implement modular and adaptable composable technologies. Authored by Orium, The Pragmatic Guide to Composability takes readers on a journey from composable’s beginnings to common misconceptions about the approach, then concludes with strategies for choosing implementations that result in quick wins to grow your ROI.

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Foot Locker, NBA sign multiyear marketing deal

Retail Dive

The footwear retailer, which has seen sales fall for three consecutive quarters, will become an official league marketing partner in the U.S.

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Kimco Signs Leases Totaling 50,133 Square Feet at Shopping Centers in California Bay Area

Shopping Center

Jericho, N.Y. — Kimco Realty has signed leases totaling 50,133 square feet with 15 new tenants at 12 of its shopping centers located throughout the Bay Area in California. Round Table Pizza… The post Kimco Signs Leases Totaling 50,133 Square Feet at Shopping Centers in California Bay Area appeared first on Shopping Center Business.

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The Perfume Shop announces winners of annual Love Perfume Awards

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The Perfume Shop is excited to announce the winners of its annual Love Perfume Awards, a celebration of fragrances voted for by staff and members of the public across the UK to discover their favourite scents of 2023.

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Franklin Street Arranges Sale of 66,387-Square-Foot Shopping Center in Metro Atlanta

Shopping Center

McDonough, Ga. — Franklin Street has arranged the sale of Kelleytown Village, a 66,387-square-foot shopping center located at 3500 Highway 155 North in McDonough, roughly 30 miles southeast of Atlanta. Publix… The post Franklin Street Arranges Sale of 66,387-Square-Foot Shopping Center in Metro Atlanta appeared first on Shopping Center Business.

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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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5 tips for overcoming retail bottlenecks during holidays

Retail Customer Experience

The holiday season is an opportunity for retailers to make a lasting impression on customers, which can translate into long-term loyalty and increased business throughout the year.

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Amazon confirms ‘several hundred’ will be let go from Alexa unit

Retail Dive

The decision comes during a year when the e-commerce giant has eliminated tens of thousands of roles.

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How to Build a Brand Story for Your Retail Store in 2024

Shopify

Retail branding experts give you the scoop on how to craft an effective brand story that resonates with customers and makes them loyal for life.

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Simon introduces AI-driven holiday shopping tool

Retail Dive

The HolidAI Gift Finder experience will roll out at two properties — one in New York and another in California — this season.

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From Concept to Deployment: Building Commerce Storefronts with Composable UI