Inside Retail
JANUARY 30, 2023
Sydney’s Paddy’s Market is at the centre of a debate over its redevelopment with some traders and members of the public opposing plans to give the venue a significant facelift. The precinct – which is run by Sydney Markets Limited – has approved a proposal to sublet 3000 sqm of space to Doltone Hospitality Group to run a food and beverage and events precinct.
Retail TouchPoints
JANUARY 30, 2023
The new supermarket concept Addie’s , a self-described “drive-up grocer,” has opened its first store in Norwood, Mass., fueled by $10.1 million in seed funding it recently received from Rose Park Advisors. The pickup-only store does not allow in-store shopping; instead, the store serves as an onsite warehouse designed solely for stocking, storing and bagging groceries.
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Inside Retail
JANUARY 30, 2023
Travel company Flight Centre has entered into a binding agreement to acquire UK-based premium leisure travel business Luxury Travel Holdings Limited (Scott Dunn) for A$211 million. Scott Dunn offers tailor-made luxury holiday packages to high-value customers. It is established in the UK and the US and has a small presence in Asia. Flight Centre MD Graham Turner said the company is “well positioned” to help Scott Dunn “unlock a new era of growth”.
Retail TouchPoints
JANUARY 30, 2023
Foot Locker will lay off an unspecified number of employees in corporate and support roles with the goal of saving $18 million annually, according to a filing with the SEC. Additionally, the retailer will wind down its Sidestep banner in Europe to better enable it to focus on its core businesses. The cuts are part of Foot Locker’s plans to “simplify the business” and put a greater emphasis on omnichannel operations, according to CEO Mary Dillon.
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.
Inside Retail
JANUARY 30, 2023
The Australian Competition and Consumer Commission (ACCC) is cracking down on misleading testimonials and endorsements by social media influencers. According to a release by the regulator, the sweep – which will take place over the coming weeks – is part of the ACCC’s compliance and enforcement priorities for 2022 to 2023. It will include a review of social media platforms including Instagram, TikTok, Snapchat, YouTube and Facebook, as well as live streaming service, Twitch.
Retail TouchPoints
JANUARY 30, 2023
Petco is merging its two membership programs into one combined offering under the Vital Care banner. The pet retailer’s Pals Rewards loyalty program debuted in 1997. In 2020 the retailer debuted its Vital Care subscription membership with a focus on animal health and wellness offerings. Now the two programs — which together have 24 million members — will merge into one two-tiered offering: a free membership tier, called Vital Care Core, and a paid tier, Vital Care Premier.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail TouchPoints
JANUARY 30, 2023
Bed Bath & Beyond will reportedly shutter its 50 remaining Harmon stores in addition to 87 Bed Bath & Beyond locations and five buybuy BABY shops. Additionally, efforts to find a buyer ahead of its potential bankruptcy filing have reportedly stalled, people familiar with the matter told Bloomberg News. The store closures are in addition to previously announced plans to close 150 underperforming Bed Bath & Beyond locations.
Inside Retail
JANUARY 30, 2023
Australian luxury fashion brand Camilla has announced an investment partnership with a private investment group, Tattarang that will help fund international expansion. The investment sees Tattarang become a minority shareholder in Camilla’s business, marking the first investment partnership the company has made since its inception. Camilla founder, Camilla Franks, said: “It was important to me to find the right partner to help get us to the next chapter.
Retail TouchPoints
JANUARY 30, 2023
There was a time, about five or so years ago, when voice commerce was going to be the next big thing. But one too many frustrating interactions with Siri and news items about smart speakers spying on users were enough to dampen the fervor. According to Shilp Agarwal, Co-Founder and CEO of voice commerce platform Blutag , the real problem in the early days was that companies “tried to do too much” with their voice experiences.
Inside Retail
JANUARY 30, 2023
Retail spending increased 7.5 per cent year on year in December boosted by record Christmas and Boxing Day trading, according to data from the Australian Bureau of Statistics (ABS). However, on a month-on-month basis, turnover fell 3.9 per cent as the cost of living pressures hit household budgets. Cafes, restaurants, and takeaway services were up 25.4 per cent while department store sales increased 11.1 per cent.
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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
JANUARY 30, 2023
Chicken wing prices have fallen 22 percent since last January as supplies have increased. Sirloin steak and bacon prices are also down, as is guacamole. This is all good news for the millions of Americans planning to watch the Super Bowl game between the Kansas City Chiefs and Philadelphia Eagles in two weeks.
Inside Retail
JANUARY 30, 2023
Sabato De Sarno, newly appointed by Kering to reinvigorate its prized Gucci brand, needs to spark heat with a new direction, analysts say – a delicate task, given the emphasis executives have also put on the label’s timeless appeal. De Sarno, a senior fashion designer from Valentino, is tasked as creative director with reviving the fortunes of the brand that accounted for two-thirds of Kering’s profits in 2021.
Retail Wire
JANUARY 30, 2023
Amazon Prime members have been able to get free delivery of groceries on orders of $35 or more. That minimum purchase is being raised to $150, and Prime members will have to pay $9.95 for orders under $50. Those placing orders between $50 and $100 will pay $6.95 and those between $100 and $149.99 will pay $3.95.
Inside Retail
JANUARY 30, 2023
After years of organic growth driven by the strength of its products and prints, Australian fashion house Camilla is embarking on the next phase of growth with fresh investment from Perth-based firm Tattarang. The deal will see founder Camilla Franks retain majority ownership of the business, and continue to serve as creative director, while Tattarang will provide the capital and expertise to accelerate Camilla’s push into the United States – both online and physically, with 13 more stores to co
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
JANUARY 30, 2023
Walmart is remodeling flagship stores with brighter lighting, mannequins and eye-catching displays to drive sales in categories outside of grocery. Alvis Washington, Walmart’s vice president of marketing, store design, innovation and experience, said that customers are responding positively to the remodels. “They appreciate the fact that we’re still true to who we are as Walmart,” he said.
Inside Retail
JANUARY 30, 2023
Peter Huddle will take over permanent responsibilities as Vicinity Centre’s new CEO and MD, effective tomorrow, February 1. In November last year, he was named acting CEO when Grant Kelley retired, prompting a global search. Huddle joined Vicinity in 2019 and is responsible for the company’s property management, leasing, operations, development, and marketing functions while leading an integrated and customer-focused team.
Retail Focus
JANUARY 30, 2023
Commercial real estate represents an enticing investment opportunity, and by taking advantage of equity you’ve built up in your home, it can be more accessible than you’d think. Here’s a look at what you need to do to get in on the commercial real estate investment scene, and a discussion of the risks and obligations that go along with it. Why Investing in Commercial Real Estate with Home Equity Makes Financial Sense Investing in commercial real estate is a great way to diversify your portfolio
Inside Retail
JANUARY 30, 2023
Westfield Helensvale has partnered with Chris Boyle, a social entrepreneur in the child protection and family support sector, to introduce technology to create a safe space for at-risk families. A wearable device called StandbyU Shield is featured at Magnolia Place, described as Australia’s first mall safe space launched in Westfield Helensvale by StandbyU Foundation, aiming to help family and friends to fight complex social issues like as abuse, domestic violence, and loneliness.
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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
JANUARY 30, 2023
Hein Schumacher, the non-executive director of Unilever, will become the consumer packaged goods giant’s next CEO in July when he replaces Alan Jose. Mr. Schumacher, who worked more than 20 years at Unilever before moving to Royal Ahold and then Heinz, is currently CEO of FrieslandCampina, a Dutch dairy company.
Inside Retail
JANUARY 30, 2023
It has never been more difficult – nor more important – to stay one step ahead of evolving consumer habits. As we finally emerge from the global pandemic, in which digital transformations ensued in weeks rather than years, we appear to be on the precipice of a global recession. There’s little doubt that marketers have another challenging year ahead as they try to grow revenue and build lasting relationships with their customers set against constricted consumer spending.
Retail Wire
JANUARY 30, 2023
Shows like “Yellowstone,” “1923” and “1883” are extremely popular with Americans right now and that has an effect on the sales of Western wear. That is great news for brands and retailers including Boot Barn, Levi Strauss, Tractor Supply and Wrangler.
Retail Dive
JANUARY 30, 2023
With the new year comes a fresh slate full of opportunity, and what you do in the beginning of the year can help set you up for success in the months to come.
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 Wire
JANUARY 30, 2023
The popularity of “Buy Now, Pay Later” programs has brought new competitors to the market and, not surprisingly, has led to margin pressures as firms compete for market share. Affirm and Afterpay are two big BNPL firms that have yet to turn an annual profit. Klarna, another prominent provider, said it was profitable in its early years.
Retail Dive
JANUARY 30, 2023
The move, which takes effect Feb. 28, reflects the difficult economics of online grocery fulfillment amid the company’s push to win over food shoppers.
Retail Wire
JANUARY 30, 2023
Landlords are in the market for new tenants to fill stores to replace Bed Bath & Beyond stores should they close if the retailer files for bankruptcy. One of the landlords said it has commitments to fill 12 locations should stores close.
Indigo 9 Digital
JANUARY 30, 2023
By Tricia McKinnon If you rolled back the clock to 50 years ago it would be hard to imagine a world where malls were not at the centre of commerce. A mall was the place where you could grab a bite to eat and get your shopping done all within one trip. While malls still serve this function today the advent of online shopping has meant your local mall isn’t the only game in town.
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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.
A1 Retail
JANUARY 30, 2023
By Jordan Richards, Founder and CEO of RCCO We all love a business trend, especially when it’s positive and cheering – so what’s not to love about the newly unveiled Pantone Colour of the Year Viva Magenta? Viva Magenta is a lively shade of pink red which has been described as “unconventional”, and is the worthy winner of the Pantone Colour of the Year 2023 campaign.
Retail Dive
JANUARY 30, 2023
As retail sheds executives, new faces are taking the helm at major retailers. They face individual hurdles, alongisde industrywide challenges like inflation.
VMS
JANUARY 30, 2023
The excitement of the holiday season was behind us, yet there was a palpable buzz of electricity in the air. A group of creatives gathered to commemorate a legacy, an evolution, and a movement toward an all-inclusive world of design. The event was to celebrate a milestone, the 25th anniversary of the coveted Markopoulos Award, and the presentation of the 25th award recipient.
Retail Dive
JANUARY 30, 2023
Dara Pauker, who previously worked as a consultant for the company, joins the retailer as it continues to take market share after a dramatic turnaround.
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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