Thu.Mar 28, 2024

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Urban Efficiency: Strategies for Streamlining Last Mile Delivery Amid Growing Congestion

Retail TouchPoints

Recent reports show that traffic delays cost U.S. drivers an average of 51 hours of lost time in 2022, and that number is on the rise — in 2021, the average was 36 hours. For the typical commuter, those lost hours can be frustrating. They extend the workday and increase fuel expenses. In fact, some studies have even found that traffic takes a toll on drivers’ health by increasing stress levels.

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Costco’s Hot Dog Remains at $1.50 Despite Prices Spiking Elsewhere

Retail Wire

Over the last few years, inflation has caused prices to creep up and impact pretty much everything. However, Costco is still keeping the price of its hot dog-soda deal where it is.

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Pacsun Celebrates One-Year on Roblox with New Slick Rick Collab

Retail TouchPoints

Pacsun is partnering with hip-hop artist Slick Rick to celebrate the one-year anniversary of its Los Angeles Tycoon experience on Roblox. Over the past year the experience has garnered 60,000 monthly active users and 11 million visits overall. For the collaboration, users can interact with a 3D non-player character (NPC) digital avatar of Slick Rick within the Los Angeles Tycoon experience to earn exclusive digital items and rewards inspired by the rapper’s iconic accessories.

Fashion 277
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Subaru Recalls 118K Vehicles Due to Air Bag Sensor Issue

Retail Wire

Subaru is recalling 118,000 SUVs and sedans in the United States due to a faulty sensor that might hinder air bag deployment during a crash, as per the National Highway Traffic Safety Administration (NHTSA) announcement on Wednesday.

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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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Home Depot Boosts Pro Offering with $18.25B Acquisition of SRS Distribution

Retail TouchPoints

The Home Depot is acquiring building products distributor SRS Distribution for $18.25 billion in a bid to accelerate the growth of its pro offerings. The deal, which is expected to close by the end of the retailer’s fiscal 2024 in late January 2025, is subject to customer closing conditions and will be funded through a combination of cash and debt. SRS serves several verticals of residential and commercial professionals, including roofers, landscapers and pool contractors.

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Waffle House Workers Strike for Fair Pay and Better Working Conditions

Retail Wire

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company's unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory "meal credit" deductions from their paychecks, along with better wages and improved working conditions.

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The Iconic updates 2023 People Planet Positive Progress

Inside Retail

Fashion and lifestyle platform The Iconic has unveiled its 2023 People Planet Positive Progress Year In Review, which covers the start of its route to BCorp certification. Launched in 2021, The Iconic’s People Planet Positive strategy has seen the fashion and lifestyle platform enhance its commitment to sustainability, diversity, and responsibility.

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Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees

Retail TouchPoints

After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with U.S. merchants worth an estimated $30 billion that will lower the interchange fees (commonly referred to as swipe fees) that merchants are charged when customers use credit or debit cards. The antitrust settlement is one of the largest in U.S. history, according to Reuters , and if it receives court approval it would resolve most of the ongoing claims against Visa and Mastercard, which began in 2005.

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Baltimore Bridge Collapse Could Cost Carnival Cruise Line $10M

Retail Wire

Carnival Cruise Line revealed that its 2024 earnings could take up to a $10 million hit due to the Baltimore bridge collapse.

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Driving Growth: Intelligence Node’s Accurate Digital Shelf Analytics

Intelligence Node

In the dynamic world of online retail, the concept of the “digital shelf” has emerged as a pivotal battleground for brands vying for consumer attention & eCommerce success. The digital. The post Driving Growth: Intelligence Node’s Accurate Digital Shelf Analytics appeared first on Blog.

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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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Home Depot Acquires SRS for $18.25B, Boosting Pro Sales

Retail Wire

Home Depot recently announced its acquisition of SRS Distribution for a whopping $18.25 billion. This hefty investment marks the company's boldest stride yet to seize a larger share of the professional market, particularly targeting contractors and roofers.

Marketing 130
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Muji to appoint administrators as it lines up pre-pack deal

Retail Gazette

Japanese retailer Muji has filed for administration with a pre-pack deal understood to be in the offing. The retailer’s UK stores – which include six in London and one in Birmingham – are expected to be retained when the firm’s European holding company undergoes a pre-pack administration. Muji told TheBusinessDesk.com : “This is part of a planned strategic restructuring of the business and Muji’s management expect to conclude a deal shortly.

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New England’s Last Coal Plants to Close by 2028

Retail Wire

In an agreement reached with the EPA and environmental groups, the last two coal plants in New Hampshire will cease operations in 2025 and 2028, respectively.

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Academy Sports + Outdoors Plans to Expand by 160 to 180 Stores Over Next Five Years

Shopping Center

Katy, Texas — Sporting goods retailer Academy Sports + Outdoors has announced plans to open 160 to 180 new stores over the next five years. Half of the new stores are… The post Academy Sports + Outdoors Plans to Expand by 160 to 180 Stores Over Next Five Years appeared first on Shopping Center Business.

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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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GameStop Faces Sales Slump, Implements Job Cuts

Retail Wire

GameStop has recently undergone job cuts due to a notable decline in sales, as announced amid its latest financial report.

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Home Depot to acquire building products supplier for $18.25B

Retail Dive

The move to buy SRS Distribution will help the home improvement company lean in to its plan to boost business with its pro customers.

Planning 133
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Databricks Spent $10 Million To Develop New DBRX Generative AI Model

Retail Wire

Databricks invested around $10 million and two months in training to launch its latest generative AI model, DBRX, which it claims outperforms all other open-source models.

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Wilko launches tool and equipment rental service

Retail Gazette

Wilko has launched wilkohire – what it described as “the ultimate tool and equipment hire service”, in a bid to make quick fixes and big renovations accessible to all. The service, operated in partnership with easyToolhire, means customers can hire everything they need for their jobs, from gardening and landscaping, to cleaning, drilling, painting and decorating – whatever the scale and size.

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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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H&M’s Spring Success Surprises Market

Retail Wire

H&M revealed a stronger-than-expected first-quarter performance, triggering a significant surge in its shares by 13%.

Marketing 130
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BREAKING: Superdry founder Dunkerton walks away from takeover deal

Retail Gazette

Superdry founder Julian Dunkerton will not make an offer for the retailer despite attempting to raise funds for a take-private deal. However, the fashion chain remains in discussions with Dunkerton regarding alternative structures, including a possible equity raise fully underwritten by the Superdry founder, which it said would provide additional liquidity headroom for its turnaround plan.

Fashion 111
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Beautycounter breaks into fragrances

Retail Dive

At launch, the collection includes five fragrances and will be available on the brand’s website, stores and through its team of independent sellers.

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Boots sales rise as notches up 12th quarter of market share growth

Retail Gazette

Boots has seen its second-quarter sales rise 5.9% – on top of a 16% increase in the same quarter the prior year – thanks to strong online trading and an “excellent” Christmas. In the three months to 29 February, footfall at the health and beauty giant was up both in-store and online as it claimed to have grown its market share for the 12th consecutive quarter.

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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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Amazon says it removed over 7M fake goods in 2023

Retail Dive

The e-commerce giant, which has long faced scrutiny over counterfeits, said it invested more than $1 billion into fighting fakes last year.

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JD Sports flags ‘challenging’ market but maintains profit guidance

Retail Gazette

JD Sports has maintained its full-year profit guidance as it made “good strategic progress” despite the market “remaining challenging”. Total sales for the sports giant edged up 3.6% to £10.5bn in the 53 weeks to 3 February, with like-for-likes up 4.2% and organic sales jumping 8.4%. The retailer, which is dubbed the ‘King of Trainers’, reaffirmed the £915m to £935m adjusted pre-tax profit range that it guided at the start of the year, after lowering from its initial £1.04bn target.

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Trademark to Redevelop 45-Acre Lincoln Square in Dallas-Fort Worth Metro

Shopping Center

Arlington, Texas — Trademark Property Co. will redevelop Lincoln Square, a 45-acre shopping center located in Arlington, roughly 14 miles outside Fort Worth. Trademark plans to reposition the property as a… The post Trademark to Redevelop 45-Acre Lincoln Square in Dallas-Fort Worth Metro appeared first on Shopping Center Business.

Location 101
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Can Your Convenience Store Compete Against Chain Stores?

National Retail Solutions

Can your convenience store survive the big chains? Learn essential strategies to carve out your niche and build a loyal customer base. The post Can Your Convenience Store Compete Against Chain Stores? appeared first on National Retail Solutions.

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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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Marcus & Millichap Brokers $4.4 Million Sale of Retail Center in Dahlonega, Georgia

Shopping Center

Dahlonega, Ga. — Marcus & Millichap has brokered the $4.4 million sale of Goldmine Village, a 28,000-square-foot retail center located in Dahlonega. Walmart anchors the property, which was fully occupied at… The post Marcus & Millichap Brokers $4.4 Million Sale of Retail Center in Dahlonega, Georgia appeared first on Shopping Center Business.

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Asda apologises as out-of-pocket staff brand ongoing pay fiasco ‘a disgrace’

Retail Gazette

Asda has issued an apology as some staff are still left waiting for their pay to be corrected after thousands of hourly workers were hit by a payroll glitch last week. Workers complained to Retail Gazette that despite the issue being identified last week, they were still out-of-pocket, with some unable to pay their bills. One employee said yesterday: “6 days in and my pay has still not be sorted it’s a disgrace!

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Legacy Arranges Sale of 51,894-Square-Foot Shopping Center in Hagerstown, Maryland

Shopping Center

Hagerstown, Md. — Legacy Realty Group Advisors has arranged the sale of Kenley Village, a 51,894-square-foot shopping center located in Hagerstown. Dollar General Market anchors the property, which was 66 percent… The post Legacy Arranges Sale of 51,894-Square-Foot Shopping Center in Hagerstown, Maryland appeared first on Shopping Center Business.

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The Backroom: Why it’s so hard for retailers to do the right thing

Retail Dive

Businesses face new ethical questions and must act with more transparency in what corporate integrity expert Alison Taylor calls a turbulent world.

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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.