Retail TouchPoints
APRIL 15, 2022
Kohl’s has reportedly received a $9 billion takeover offer from Franchise Group , the parent company of The Vitamin Shoppe and Buddy’s Home Furnishings , three people familiar with the matter told Reuters. The offer values Kohl’s at $69 per share, slightly lower than the $70 per share Hudson’s Bay Co. said it is willing to pay but still well above Kohl’s April 11 share price of $57.24.
Retail Wire
APRIL 15, 2022
Rite Aid plans to close 145 “unprofitable stores” as it seeks to bring its cost in line with revenues. The drugstore chain reported a loss of $7.18 per share even as sales improved 2.5 percent on a year-over-year basis. The retailer operates more than 2,400 stores across 17 states.
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Retail TouchPoints
APRIL 15, 2022
Peloton made changes to its pricing structure as the on-demand fitness class and home-equipment company raised pricing for its All-Access membership. Beginning June 1, 2022, Peloton’s monthly North America All-Access membership fee will increase to $44 from $39 in the U.S. and $55 from $49 in Canada. Pricing for international memberships in other areas of the world will not change.
Retail Wire
APRIL 15, 2022
Amazon.com CEO Andy Jassy sees an opportunity for non-fungible tokens to be sold on his company’s online platform, but accepting cryptocurrency as payment will take longer.
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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 TouchPoints
APRIL 15, 2022
The COVID-19 pandemic exacerbated the many issues affecting brick-and-mortar stores: retailers large and small closed a record-breaking 12,200 stores in the U.S. in 2020. But not everybody lost. The clear winners in retail were organizations that had invested in new ways to interact with their customers, finding new ways to personalize the shopper’s experience across every touch point.
Retail Wire
APRIL 15, 2022
Gopuff is looking to prove that rapid delivery companies can be profitable, but needs more time. The company has sought to raise $1 billion in debt, laid off about three percent of its workforce and pushed back its initial public offering as it seeks to stabilize its business going forward.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Wire
APRIL 15, 2022
Wind power represented 19 percent of U.S. electrical energy on March 29, according to the U.S. Energy Information Administration. Only natural gas, 31 percent, accounted for a higher percentage of electrical power.
Nvidia
APRIL 15, 2022
Talk about a bright idea. A team of scientists has used GPU-accelerated deep learning to show how color can be brought to night-vision systems. . In a paper published this week in the journal PLOS One , a team of researchers at the University of California, Irvine led by Professor Pierre Baldi and Dr. Andrew Browne , describes how they reconstructed color images of photos of faces using an infrared camera. .
Retail Wire
APRIL 15, 2022
Job security is at levels not seen since the 1960s as the number of people laid off from their jobs currently stands at 1.1 per 1,000 people. “Right now, Americans are experiencing the highest level of job security on record by many measures,” said Aaron Sojourner, an economist at the University of Minnesota.
Nvidia
APRIL 15, 2022
Gil Makleff and Artem Koren are developing AI for meeting transcripts, creating time-savers like shareable highlights of the text that is often TL;DR (too long; didn’t read). The Sembly founders conceived the idea after years of working in enterprise operational consulting at UMT Consulting Group, which was acquired by Ernst & Young. “We had an intuition that if AI were applied to those operational conversations and able to make sense of them, the value gains to enterprises could be enormous
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
APRIL 15, 2022
Texas Gov. Greg Abbott’s (R) requirement that all trucks from Mexico be inspected has slowed delivery of produce and other items to American stores and consumers. The cost to businesses has yet to be tallied but is expected to be in the millions. “This has directly impacted our business since late last week. We would typically be receiving 10 to 12 loads of watermelon per day from Mexico, as well as different kinds of herbs and greens,” said Bret Erickson, senior vice president of bu
Cisco Retail
APRIL 15, 2022
Digital transformation has upended the rules of the game. Your customers’ environments are becoming even more complex, with more connected people and devices in more places. Research shows that the global digital transformation market was valued at $374.8 billion in 2020 and is expected to reach $889.8 billion by 2028. The competition is intense, and we need to prepare our customers for the future.
Retail Wire
APRIL 15, 2022
Andy Jassy’s first letter as CEO of Amazon.com has gone public and he maintains that critics of the company’s safety record fail to understand its injury rates, which are on par with industry peers overall. Amazon’s warehouse worker injury rate is in fact higher than its peers — 6.4 versus 5.5 — but lower than other courier and delivery services — 7.6 versus 9.1.
Dezeen
APRIL 15, 2022
Green and beige checkerboard flooring, deli props and tomato red hues feature in this marijuana dispensary in Toronto , designed by Superette 's in-house design team. Named The Annex after its location within the Annex neighbourhood of Toronto, the latest marijuana store by Superette is a 500-square-foot cannabis dispensary-cum-hangout space for local young adults.
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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
APRIL 15, 2022
Peloton is raising the fee for its on-demand fitness content for the first time while cutting prices on its stationary bike and treadmill equipment.
Mulesoft
APRIL 15, 2022
Digital transformation initiatives have dramatically accelerated during the worst of the COVID-19 pandemic. Business leaders raced to buy new technology to transition to a work from home model. Ways automation revolutionizes how we work As the economy and international travel have begun to come back to life, business leaders must adopt the technology they’ve already […].
LS Retail
APRIL 15, 2022
©iStock/Robert Way Some production capacity is better than none. As is the case with Foxconn Interconnect Technology, a unit of Taiwan-based Foxconn that makes data transmission equipment and connectors, which has kept a plant open in Kunshan, which borders Shanghai, in a closed loop but is only able to run at 60% of capacity. In China's race to stop the spread of COVID-19, it's clogging highways and ports, stranding workers and shutting countless factories – disruptions that are rippling throug
Retail Times
APRIL 15, 2022
Non-alcoholic beverages have been on the rise over the last couple of years, no longer exclusively for pregnant women or designated drivers, and are set to be huge in 2022. As we look forward to those summer months, non-alcoholic drinks are expected to increase in sales amongst consumers but what makes them so appealing? Here, Steph Buttery, drinks industry expert and founder of Chu Lo, talks about the growing ‘low and no’ sector and why consumers are demanding even more.
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
Hyken
APRIL 15, 2022
This week, we feature an article by Manpreet Chawla, senior digital marketing specialist at Knowmax , a knowledge base management solution for enterprises looking to provide exceptional customer experience to their customers via enhanced agent satisfaction. He shares how to create excellent customer experiences at every stage of the customer journey.
Retail Times
APRIL 15, 2022
The ribbon has been cut on a revamped Central England Co-op store in Northamptonshire which has been transformed with a major investment to create a more modern and sustainable food store for the local community.
Shopping Center
APRIL 15, 2022
Midlothian, Va. — Cushman & Wakefield | Thalhimer has arranged the sale of 11251 Hull Street Road, a 6,400-square-foot freestanding retail building in Midlothian, about 15 miles from downtown Richmond. James Ashby IV of Cushman & Wakefield | Thalhimer represented… The post Cushman & Wakefield | Thalhimer Arranges $2.1 Million Sale of Retail Building in Metro Richmond appeared first on Shopping Center Business.
Retail Times
APRIL 15, 2022
Cheetah Digital, a leading cross-channel customer engagement solution provider for the modern marketer, has announced it has strengthened its partnership with Castorama, part of the British DIYgroup Kingfisher, to rapidly scale its customer loyalty strategy.
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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.
Shopping Center
APRIL 15, 2022
Torrance, Calif. — Anchor Point Capital has arranged the sale of Pacific Plaza, a multi-tenant retail center located at 2382, 2390 and 2396 Crenshaw Blvd. in Torrance, about 15 miles from Long Beach. A private family fund acquired the property… The post Anchor Point Capital Negotiates $16.9 Million Sale of Pacific Plaza Shopping Center in Metro Long Beach appeared first on Shopping Center Business.
Retail Times
APRIL 15, 2022
HOOHAA, is a new shopping experience helping consumers who require a more current and inclusive approach to fragrance seek out and enjoy niche fragrances; that may ordinarily be left undiscovered. The mainstream fragrance market is noisy and crowded, while a vast amount of independent fragrance producers find it near impossible to cut through with consumers at all.
Shopping Center
APRIL 15, 2022
Maplewood, Minn. — Arizona Partners has acquired Birch Run Station in Maplewood, about 14 miles from Minneapolis. The 279,343-square-foot shopping center is home to tenants such as Burlington, Jo-Ann and Dollar Tree. CBRE represented the seller, Voya Investment Management, in… The post Arizona Partners Acquires 279,343-Square-Foot Shopping Center in Suburban Minneapolis appeared first on Shopping Center Business.
Retail Times
APRIL 15, 2022
Iconic brand Laura Ashley® has appointed IMG to expand fashion, home and lifestyle products that reflect the illustrious British heritage brand in a fresh, modern way in Europe, Australia, New Zealand, China, India and the Middle East.
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
Shopping Center
APRIL 15, 2022
Broomall, Pa. — Federal Realty Investment Trust is underway on the second phase of the redevelopment of Lawrence Park Shopping Center, a 374,000-square-foot retail and dining destination located in the northwestern Philadelphia suburb of Broomall. The project carries a total… The post Federal Realty Underway on Redevelopment of 374,000-Square-Foot Shopping Center in Metro Philadelphia appeared first on Shopping Center Business.
Retail Times
APRIL 15, 2022
Simon Comins, previously commercial director, will move to chief commercial officer, as he marks 35 years with the business, starting in 1987 on the Superdrug shop floor, and working his way up to the boardroom.
Shopping Center
APRIL 15, 2022
Clermont, Fla. — Continental Realty Corp. has sold Glenbrook Commons, a 64,707-square-foot shopping center in Clermont, about 34 miles from Orlando. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller in the transaction. CrossMarc Services acquired the… The post Continental Realty Sells Shopping Center in Metro Orlando for $9.4 Million appeared first on Shopping Center Business.
Retail Times
APRIL 15, 2022
Barista & Co are the first UK company to bring 100% carbon neutral coffee makers and accessories to the UK. Based in Wimborne, with a new coffee showroom due to open in Ringwood, the coffee specialists are proud to be leading the way in sustainable, ethically-sourced and fresh coffee and kit.
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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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