Tue.Mar 08, 2022

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The importance of investing in the community 

Retail Focus

It is now widely accepted that the role of retail destinations has evolved considerably. Changes that had taken hold in the last decade have been accelerated by the pandemic and by the ensuing change in consumer habits. The response both from the retail industry and the real estate owners/investors has been widespread and varied. But the common theme is ‘relevance’.

Shopping 306
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Babylist Blends URL and IRL Engagement with Virtual Showroom

Retail TouchPoints

Whether they’re shopping for clothes, toys, books, furniture or electronics, consumers shopping for baby items can easily be overwhelmed by the volume of information available — especially online. For more than a decade, Babylist has helped make researching, registering and buying items more seamless, thanks largely to its robust content strategy. Now, as its users rely more on digital channels and content to make buying decisions, Babylist is reaching a new frontier of engagement with its Cribs

Consumer 299
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Boss launches NFT in social impact project

Inside Retail

Premium fashion brand Boss has collaborated with NFT company Boss Beauties to introduce the Boss x Boss Beauties Dream Like a Boss program, which aims to mentor young women. One of the Boss Beauties NFTs is on auction until March 12 and the revenue will be donated to the co-created mentorship program. In addition, a limited-edition T-shirt featuring the NFT is being sold on Boss’s website, with a share of sales going to the Dream Like a Boss program. .

Fashion 276
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Open Charging Networks for Electric Vehicles Present New Opportunities for Retailers

Retail TouchPoints

Each day, more electric vehicles (EVs) are hitting the road as consumers and commercial drivers look to reap the potential long-term financial and environmental benefits of the technology. Oftentimes, one of the key factors in the decision to purchase an EV is how convenient it will be to charge these vehicles. Whereas drivers of gasoline-powered cars can expect to find gas stations prevalent in most areas, those who operate EVs generally have to search considerably harder to find places to char

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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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Yale professor IDs companies still doing business in Russia

Retail Wire

Russia’s invasion of Ukraine has prompted many Western companies to suspend operations in the country, but not all. Yale University professor Jeffrey Sonnenfeld and his research team have compiled a list of companies still doing business in Russia that includes Coca-Cola, McDonald’s and Starbucks. Eighty-five percent of McDonald’s restaurants in Russia are corporately owned and operated.

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Chewy Co-Founder Takes 9.8% Stake in Bed Bath & Beyond, Calls for Sale of buybuy BABY

Retail TouchPoints

RC Ventures, the venture capital fund of Chewy Co-founder and GameStop Chairman Ryan Cohen, has taken a 9.8% stake in Bed Bath & Beyond and is urging the company look into the sale of buybuy BABY , among other changes. The firm cited “concerns about leadership’s compensation relative to performance and its strategy for reigniting meaningful growth,” outlined in the retailer’s turnaround plan announced in fall 2020.

Planning 278

More Trending

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Capri Holdings Chairman/CEO Stays On, Michael Kors CEO to Depart

Retail TouchPoints

Global fashion luxury group Capri Holdings changed course this week as it announced the departure of Michael Kors CEO Joshua Schulman. The news of Schulman leaving Capri, which also owns Versace and Jimmy Choo , was accompanied by an announcement that Capri Chairman and CEO John D. Idol would remain at the helm. Shareholders did not respond well to the news; CNBC reported Capri Holdings shares fell 15% on Monday, March 7.

Fashion 290
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Uniqlo stores in Russia remain open despite boycott wave

Inside Retail

Japanese retail giant Fast Retailing has disclosed that all of 49 Uniqlo stores in Russia will remain open – in contrast to its rivals who are closing stores in protest of Russia’s invasion of Ukraine. President of Fast Retailing, Tadashi Yanai, told the press that the conflict should not “deprive people in Russia of clothing as it is a basic human need” “Clothing is a necessity of life.

Consumer 245
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Borsheims-Rachel Balkovec Jewelry Collection Celebrates International Women’s Day

Retail TouchPoints

Independent jewelry retailer Borsheims kicked off an International Women’s Day partnership with Rachel Balkovec, manager of the New York Yankees minor league team the Tampa Tarpons. Balkovec is affiliated professional baseball’s first woman to be hired as a manager and shares Omaha, Neb. ties with Borsheims. “Borsheims is a leader in the jewelry industry with women at our helm,” said Andy Brabec, Director of Marketing and Ecommerce for Borsheims in a statement.

Jewelry 262
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Word-of-mouth marketing in retail: Drive sales and build brand loyalty

Tokinomo

Brands and retailers want the same things: build brand loyalty and drive sales. However, this is not an easy challenge. Most of the time, retailers and brands invest a lot of money in various types of promotions to increase brand awareness and sales.

Marketing 203
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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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Walmart Expands Prestige Beauty Offering Through New Partnership with Britain’s Space NK

Retail TouchPoints

Walmart has teamed up with British retailer Space NK to bring a selection of 15 prestige beauty brands to nearly 250 locations across the U.S. this summer. The collaboration, called BEAUTYSPACENK, will feature a curated collection of more than 600 products spanning a variety of price points across skincare, makeup, haircare, and bath and body. The collection will also be available on Walmart.com beginning March 15. “As a top beauty destination, Walmart is continuously looking for new ways

Location 259
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New luxury FLANNELS store opens in Preston

Retail Focus

Frasers Group plc has opened the doors to its latest FLANNELS store in Preston. The next generation luxury retailer continues with the commitment to investing in retail and bringing world-class shopping destinations to new locations throughout the UK. Situated in Deepdale Shopping Park, the 15,000 sq ft. site will house a selection of carefully curated men’s, women’s and junior luxury designer clothing and accessories from some of the most coveted luxury names in fashion, including Alexander McQ

Boutique 189
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Ukraine war to sully clothes sales from Levi to Ralph Lauren

Inside Retail

Levi Strauss and Ralph Lauren are among US apparel brands likely to be worst hit by Russia’s invasion of Ukraine which is again clogging supply chains in Europe where they derive at least a quarter of sales, Wall Street analysts say. American clothes firms’ European businesses were just recovering from two years of pandemic restrictions.

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Visa and Mastercard to raise interchange fees paid by retailers

Retail Wire

Visa and Mastercard are set to raise interchange fees paid by retailers after delaying an increase for the past two years due to the novel coronavirus pandemic. U.S. companies paid an estimated $55.4 billion in fees to the two card companies in 2021, more than twice the amount paid in 2012, according to the Nilson Report.

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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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Mardi Gras and retail: How your brand can avoid “rainbow washing”

Inside Retail

Brands often engage and respond to society’s calls to become an agent of change and make a social impact. With a legitimacy-seeking motivation to ultimately secure their survival, brands tend to adopt two key legitimacy-seeking strategies when addressing social issues. They may passively conform to external pressures, or proactively adopt strategies to address social issues.

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U.S. expected to ban Russian energy imports

Retail Wire

President Joe Biden is expected to announce a ban on U.S. imports of Russian energy to hold its leadership accountable for launching an unprovoked war on Ukraine. A bipartisan group of legislators announced yesterday that they had reached agreement on a path to ban Russia energy imports and suspend trade relations with Russia and Belarus.

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Kiwis ‘not served well’ by grocery duopoly, but report reactions mixed

Inside Retail

Consumers are not being served well by the New Zealand grocery duopoly, according to the Commerce Commission – but it stopped short of any major recommendations in the final report into the grocery market tabled this week. . The commission asked the government to undertake an independent review of the $22 billion annual grocery market in November 2020.

Wholesale 130
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Keeping Field Team Reps Invested in Company Success

Wiser

Keeping your field teams invested is one of the most beneficial things you can do for your brand. After all, your reps on the ground do spend the most time interacting with buyers and retailers. Building a lasting relationship with these employees and ensuring they feel connected to their company can raise morale and retention rates, increase customer satisfaction, and even boost overall company sales.

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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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How to Make Coherent Optics Small and Pluggable: Cisco Optics Podcast Episode 20 notes

Cisco Retail

Episode 20 of the Cisco Optics Podcast is now posted! See below for episode notes. Podcast episodes are now being added to the Cisco Optics playlist on YouTube ! Cisco Optics Podcast Episode 20. Cisco Optics Podcast Episode 20. How to Make Coherent Optics Small and Pluggable, with Tom Williams. Part 1 of 5. Coherent optics have been the go-to solution for high-end optical transport systems for years.

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Treasury report questions how free the labor market is

Retail Wire

A lack of competition in the job market means that American workers earn 15 to 25 percent of what they could make in a more open environment, according to a report released earlier this week by the Treasury Department. The report finds that employers use a variety of practices to limit workers’ options when it comes to trading jobs, including noncompete and nondisclosure agreements, as well as no poaching deals.

Marketing 100
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MarketSpace Capital, Park Harbor Capital Complete Purchase of Tri-County Mall Near Cincinnati, Plan $1 Billion Redevelopment

Shopping Center

Springdale, Ohio — MarketSpace Capital and Park Harbor Capital, two private real estate investment and development firms based in Texas, have officially closed on their purchase of Tri-County Mall, an enclosed, 1.3 million-square-foot regional shopping center in the Cincinnati suburb… The post MarketSpace Capital, Park Harbor Capital Complete Purchase of Tri-County Mall Near Cincinnati, Plan $1 Billion Redevelopment appeared first on Shopping Center Business.

Planning 119
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Dick’s offers solid forecast following record quarter

Retail Wire

Dicks’s Sporting Goods reported record sales and profits in the holiday quarter and said it expects earnings and same-store sales for the year to be higher than analysts have forecast. “Our 2022 sales and earnings outlook establishes a new foundation for us to build on in the future,” said CEO Lauren Hobart.

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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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Dick's touts 'incredibly strategic' relationship with Nike as it posts another record year

Retail Dive

The relationship with Nike is at an "all-time high," but that's just one of several key partners, and Dick's own private labels are growing as well.

ATS 120
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Petco racks up more double-digit gains

Retail Wire

Petco reported that its fourth quarter earnings were up 13 percent year-over-year, marking the seventh straight quarter of double-digit gains for the chain. Petco has shifted its strategy to “whole pet” care with products and services that cater to America’s pets.

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Kohl's wants to transform from a department store into 'a focused lifestyle concept'

Retail Dive

The retailer will open 100 smaller, hyperlocal stores and grow its new Sephora shops into a $2 billion business. The activists on its case aren't impressed.

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Kohl’s explores its options

Retail Wire

Kohl’s has said it has had contact with more than 20 parties, including some that have signed confidentiality agreements to gain access to data about the company, following its rejection of two unsolicited takeover bids earlier this year. The retailer has faced pressure from activist investors Macellum Advisors and Engine Capital to sell or spin off all or parts of its business.

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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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Building Relationships Along the Energy Supply Chain

Cisco Retail

Each energy company fits into a broad ecosystem of energy sectors from exploration and production to refineries and convenience stores. Even with all this variation, every energy company sells its services and products to someone. How does the value of this customer relationship get optimized for both sides of the transaction and how can Cisco help?

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Dollar Tree shakes up board under pressure from activist investor

Retail Wire

Former Dollar General CEO Richard Drilling was named executive chairman of Dollar Tree’s board as part of a deal reached with the activist investor, Mantle Ridge. The firm’s founder, Paul Hilal, was also named to the board along with five independent directors.

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SRS Arranges $72.5 Million Sale of Shopping Center in Fayetteville, North Carolina

Shopping Center

Fayetteville, N.C. — SRS Real Estate Partners’ Investment Properties Group has arranged the sale of Freedom Town Center, a 350,838-square-foot shopping center in Fayetteville. The seller, an entity doing business as NC Fayetteville Skibo LLC, sold the property for $72.5… The post SRS Arranges $72.5 Million Sale of Shopping Center in Fayetteville, North Carolina appeared first on Shopping Center Business.

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Open pit mining—providing a smooth path from Wi-Fi to ultra-reliable wireless backhaul

Cisco Retail

The mining operators I talk to are either already using autonomous and / or tele-remote vehicles—or want to. It’s smart. Autonomous haulage vehicles and tele-remote vehicles like dozers and drills take operators out of harm’s way and make the job more appealing. They also increase overall equipment effectiveness (OEE) by eliminating idle time while operators are bussed in for their shifts.

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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.