Tue.Apr 25, 2023

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Klarna Rolls Out Suite of New Shopping Tools, From ChatGPT to Resale

Retail TouchPoints

Klarna is introducing a portfolio of social media-esque capabilities on its platform, including a personalized shopping feed and smart shopping features. The payments provider also is adding new tools designed to help retailers and content creators engage with their audiences in more effective ways. Klarna has redesigned its entire app to make the shopping and finance services easier to use, dividing the program into five tabs: Shop , Purchases , In-Store , Budget and You.

Shopping 261
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Has retail’s focus on cutting costs boosted retail crime?

Inside Retail

Ever since the pandemic shut down much of the retail and other industries, figures around retail crime have been steadily rising. With people more anxious and frustrated, customer aggression became more common, and with an ever deepening cost-of-living crisis (which includes increased prices at the till), theft is becoming more of an issue. So much so, that several retailers are starting to make more dedicated efforts to stamp it out.

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Canada Goose Makes 5 Leadership Appointments, Including First-Ever CDO

Retail TouchPoints

Canada Goose has named Matt Blonder as its first-ever Chief Digital Officer (CDO), one of five key appointments designed to drive the retailer’s five-year strategic growth plan. As CDO, Blonder will drive the brand’s digital innovation and manage teams responsible for developing the company’s digital roadmap across both new and existing channels, as well as the company’s IT and insights team.

Planning 254
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Shopping habits, Retail Media, and Virtual Fitting Rooms - Weekly Snacks #52

Tokinomo

Campaign corner Taste tester. In Hershey’s commercial , we find out that Lane, a kid, chose to dress up as a Hershey's taste tester for career day at his elementary school. His principal informed Hershey's about Lane's choice, and after a year, Hershey's surprised the school by making Lane their official taste tester. As a part of this surprise, Hershey's also shared their shakes with the teachers and students, creating a heartwarming experience.

Shopping 186
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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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How is AR/3D Technology Driving Next-Gen Ecommerce Best Practices?

Retail TouchPoints

Retailers that prioritize ecommerce recognize that the end-to-end user experience is more important than ever. Consumers expect convenient, interactive shopping experiences, from online to in-store and everything in between. This year, 3D and AR adoption is expected to be one of the biggest trends for providing next-gen ecommerce experiences, especially for apparel and footwear brands looking to bring the physical world to digital shopping.

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Zolo launches tech recycling program for businesses

Inside Retail

Sustainability-driven company Zolo has announced the launch of its Sustainable Tech Recycling program for businesses as part of its efforts to further the campaign towards environmental sustainability and carbon footprint reduction. The program provides businesses with a convenient and responsible way to recycle their old tech products in bulk, such as phones, laptops, and tablets, while also reducing the amount of waste sent to landfill.

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From smart mirrors to in-car shopping: the tech shaping retail’s future

Inside Retail

The retail industry is never stagnant. Rather, it is in constant flux, with innovations shifting the way that industry players operate, and changing the way that consumers and traders interact with one-another. This can be seen by the adoption of QR codes – the use of which accelerated amid Covid-19 restrictions – self checkout in supermarkets and autonomous mobile robots, which are being utilised by major retailers for (among other things) logistical, supply chain and other inventory management

Shopping 130
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Selfridges Debuts New Experiences, Services to Support Circularity Goals

Retail TouchPoints

Worn Again window display at Selfridges London (Source: Selfridges) Selfridges x Vinterior in-store experience (Source: Selfridges) Selfridges x Vinterior in-store experience (Source: Selfridges) Selfridges x Coach in-store Coachtopia experience (Source: Selfridges) By 2030, British department store Selfridges wants 45% of all its transactions to come from circular products and services through its “Reselfridges” ecosystem of resale, rental, repair, refill and recycling programs.

Fashion 207
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How investing in a Voice of Customer Program can save you thousands

Inside Retail

Are you preparing to reset your budgets? The upcoming weeks are a crucial time to reflect on past performance and make decisions about where to allocate your budget and resources for the next 12 months. But what if I told you there is one step that could help you approach this period with far greater clarity and confidence? Historical data is only one piece of the puzzle, investing in a Voice of Customer (VoC) Program will provide you with the benefit of foresight.

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Amazon cuts ties with third-party delivery firm as drivers join the Teamsters

Retail Wire

Eighty-four drivers and dispatchers at Battle-Tested Strategies, part of the Amazon Delivery Service Partners program, have joined the Teamsters. The workers said they have a tentative labor agreement with Battle-Tested and a ratification vote will take place in the coming weeks. Amazon said it was cutting ties with Battle-Tested claiming the company “had a track record of failing to perform and had been notified of its termination for poor performance well before today’s (union) announcement.

ATS 130
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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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Explainer: What is the bandwagon effect, and why do brands fall prey to it?

Inside Retail

In tackling social issues, some brands take a patient approach while others adopt an impatient approach that is built on current and trendy social issues. Brands like Chobani remain steadfastly committed to a higher purpose – better food for more people and investing in social entrepreneurship – regardless of which hashtags are trending on social media.

Consumer 130
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Apple gets a win in App Store legal challenge

Retail Wire

The U.S. Court of Appeals for the 9th Circuit ruled that a lower court got it right in 2021 when it ruled that Epic Games, the maker of Fortnite, had failed to prove that Apple’s App Store policies violate federal antitrust laws.

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Klarna celebrates 18 years of innovation and launches new products

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Klarna, a leading global retail bank, payments and shopping service is today showcasing a suite of new innovations as it celebrates its 18th birthday. The new products revealed today build on nearly two decades of innovation in the payments and shopping space.

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Retailers around the glove are concerned that inflation will kill demand

Retail Wire

Seventy-two percent of retailers believe consumers will be more price-sensitive this year, making it more difficult for them to pass on higher purchasing costs to customers, according to a survey by Boston Consulting.

Consumer 130
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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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Hollie Bowden converts London pub into pared-back jewellery showroom

Dezeen

Lime-washed walls meet aluminium display fixtures in this minimalist studio and showroom that designer Hollie Bowden has devised for London brand Completedworks. Set over two floors of a former pub in Marylebone, it provides space for Completedworks to design and display its jewellery and ceramics, as well as to host an array of craft-focused classes.

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Nestle raises prices and sees volume slip in latest quarter

Retail Wire

Nestle raised prices by 9.8 percent in the first quarter helping the consumer packaged goods giant report a 5.6 percent revenue gain. Product volume sales were down 0.5 percent during the quarter. Nestle raised prices by 8.2 percent in 2022 and volume increased 0.1 percent.

Consumer 100
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Gap Inc. says more layoffs to come

Retail Dive

The further workforce reduction comes amid a search for a permanent CEO and sales declines at all the conglomerate’s brands.

ATS 107
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The Chinese government says ChatGPT-like tech must toe the party’s line

Retail Wire

The Cyberspace Administration of China has unveiled draft rules requiring generative artificial intelligence technology to adhere to strict censorship rules set out by the Chinese Communist Party. ChatGPT is unavailable in China, but domestic alternatives have come to market.

Marketing 100
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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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Act Like an Owner – Revisited!

Hyken

One of my favorite concepts to cover in my customer service keynote speeches is to act like an owner. I originally wrote about this in 2011 and shared the story of an 18-year-old server at a pizza restaurant who took so much pride in his work that the guests thought he owned the restaurant. In preparing for an upcoming speech, I worked with Anthony Demangone, CMO of the National Association of Federally Insured Credit Unions.

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Bed Bath & Beyond will no longer honor coupons starting tomorrow

Retail Wire

Bed Bath & Beyond has been known for decades for its blue percentage-off coupons. The retailer will no longer accept those as of tomorrow. Bed Bath & Beyond, which filed for Chapter 11 bankruptcy protection, is seeking a buyer for all or part of its business.

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Amazon targets counterfeits with new information-sharing exchange

Retail Dive

The e-commerce giant said the program has already detected hundreds of problematic accounts.

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Tuesday Morning moves closer to liquidation

Retail Wire

Tuesday Morning said that a sale of more than 200 locations to Hilco Global would likely mean the stores would be liquidated. Hilco outbid Global Management LLC for Tuesday Morning’s remaining locations. The liquidator’s bid still needs approval from the U.S. Bankruptcy Court in Fort Worth, TX.

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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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Canada Goose names first chief digital officer in quest for DTC sales

Retail Dive

The company added a chief transformation officer and promoted an executive to lead global stores as it looks to grow its footprint.

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Yelp deploys AI and short-form video to enhance search and reviews

Retail Wire

Yelp is using artificial intelligence tech to improve its search capabilities and short-form videos to bring user reviews to life. “Right now is a really exciting time for us, because we just see low-hanging fruit everywhere,” said Yelp co-founder and CEO Jeremy Stoppelman. “We have really trusted, unique content from consumers: millions and millions of reviewed local businesses, and if there’s one thing LLMs are good at, it’s summarizing and understanding content.

Consumer 100
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Monitor critical assets with Edge Intelligence and IoT Operations Dashboard

Cisco Retail

These days, many business-critical activities are happening at the edge, and without the ability to monitor critical assets you quickly lose track of the overall operational status.

ATS 80
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These retailers stand to gain customers and sales as Bed Bath & Beyond disappears

Retail Dive

Walmart, Amazon and especially Target have already been taking market share from the struggling home goods retailer for quite some time.

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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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Cisco’s Vision to Rapidly Detect Cyber Threats and Automate Response

Cisco Retail

Cisco, the leader in enterprise networking and security, unveils its vision and strategy for Extended Threat Detection and Response (XDR).

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Away expands footprint with new store in California

Retail Dive

The store marks the direct-to-consumer luggage brand's first opening since 2021, with additional locations planned for 2023.

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Report Highlights Strides in Sustainability for Fashion Retail Industry

365 Retail

A new report by Deloitte in partnership with World Retail Congress , has launched today exploring how the fashion industry is using technology to power quick sustainability wins that can translate to long-term gains, both in and out of the boardroom. “It’s no secret that the retail industry has long been criticised for the toll it has taken on the planet – from production processes to consumption behaviors, and everything in between,” said Karla Martin, Global Fashion & Luxury Leader

Fashion 69
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Walmart+ offering 20K free memberships for Mother’s Day promotion

Retail Dive

The retailer also cut the price of its membership in half ahead of the holiday season to entice more shoppers to join.

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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