Mon.Oct 10, 2022

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High tech meets high fashion: Balmain launches NFT-based loyalty program

Inside Retail

French luxury fashion house Balmain has launched a non-fungible token (NFT) based membership program, The Balmain Thread, in partnership with MintNFT. Launched during Paris Fashion Week, it’s a reimagined loyalty and rewards program powered by Web3 technology and designed to be a seamless experience across physical and digital environments. . The program realises Balmain’s creative director Olivier Rousteing’s vision of creating one unbroken story that will continue into the future.

Fashion 278
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Retail Performance Marketers, Rethink Your Barometer of Success This Holiday Season

Retail TouchPoints

‘Tis (almost) the season! Retail and etail spend massively on measurable digital advertising. This is true all year long, but recent studies show at least 26.8% of retail sales happen during Q4. Additionally, retailers typically devote 25% of their annual budgets to media during the four-day shopping period from Black Friday to Cyber Monday, according to a survey by performance advertising software Nanigans.

Marketing 291
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Brew-it-yourself: Why De’Longhi, Vittoria are ramping up their DTC offers

Inside Retail

During the height of the pandemic, coffee consumption changed radically. Customers stopped buying from baristas and started brewing their own. Nielsen Consumer Insights reported a 37 per cent increase in supermarket coffee sales – with more premium options seeing sales growth of over 40 per cent. And even though lockdowns have long since lifted, coffee giant De’Longhi says the brew-from-home trend could be here to stay.

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Edward Sexton returns to Savile Row with brand new flagship store

Retail Focus

Edward Sexton has announced the opening of its new flagship store located at the heart of Savile Row, the spiritual home of British bespoke tailoring. . In collaboration with renowned interior designer Daniel Hopwood this new store brings the Sexton story full-circle and represents a homecoming to the street where the tailoring house began. Located at No.35 Savile Row the store is just up the street from the first shop that Edward Sexton worked from with his then business partner Tommy Nutter w

Returns 147
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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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How Winning Group continues to lead in online retail

Inside Retail

Winning by name, winning by nature – that’s the story of 116-year-old Australian retailer Winning Group. The family-owned business’ subsidiary brand, Appliances Online, has again been crowned Australia’s Best Online Retailer and now has its sights set on improving its sustainability performance. Appliances Online took top honours at Australia Post’s Online Retail Industry Awards (Orias) recently, an achievement CEO John Winning credits to the company’s dedicated focus on customer service.

Planning 147
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Atria Watford welcomes HMV, Lids and host of new brands

Retail Focus

Atria Watford, owned by property company SGS and asset managed by Global Mutual Properties, has announced a host of recent openings at the centre. Lids , the world’s largest retailer specialising in the sale of officially licensed and branded headwear, will open in a 1,721 sq ft unit in the upper mall. The store will open in early November and offer a vast assortment of college, MLB, NBA, NFL and NHL teams, as well as other specialty fashion categories all in the latest styles and colours.

Boutique 147

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Lettings announced at Telford Centre

Retail Focus

Orion Capital Managers has announced a number of significant lettings at its Telford Centre so helping footfall recover to near 2019 levels at the 1 million sq ft destination. The demise of the UK-department store sector had resulted in House of Fraser, BHS and Debenhams all going into administration in Telford, leaving 220,000 sq ft – almost a quarter of the shopping centre – to let. .

ATS 147
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What the crackdown on trade unions means for Asia’s garment workers: report

Inside Retail

According to new research by The Business & Human Rights Resource Centre in the UK, the right to freedom of association and collective bargaining is under attack in major garment producing countries in Asia, and it is leading to an increase in worker exploitation. The centre interviewed 24 trade union leaders and surveyed 124 union activists and labour advocates in Bangladesh, Cambodia, India, Indonesia and Sri Lanka, with nearly 61 per cent of survey respondents reporting the situation has

Fashion 130
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Sweaty Betty signs for Victoria Square in Belfast

Retail Focus

Victoria Square, the retail and leisure destination positioned in the heart of Belfast, has announced the signing of global activewear and lifestyle brand Sweaty Betty for its Northern Ireland debut. Sweaty Betty will occupy a 2,056 sq ft unit on the lower ground level of Victoria Square by the central atrium and feature Sweaty Betty’s extensive range, including leggings, outerwear, underwear, and accessories.

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Some businesses do well in uncertain times. Costco should be one of them

Inside Retail

With consumer confidence in the doldrums and the price of everyday staples continuing to increase, value is on consumers’ minds. Buying in bulk and doing it on the cheap looks pretty appealing right now, which is a perfect situation for Costco. Some businesses do well in uncertain times, and Costco should be one of them. For the uninitiated, Costco membership costs $60 a year.

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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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Overstocked retailers roll out the discounts

Retail Wire

Retailers were holding a record amount of inventory — $732 billion as of July, up 21 percent from last year — according to Census Bureau data. This has led to deep discounting as retailers look to turn merchandise ahead of the Christmas selling season. “There is an increasing smell of desperation in the air because retailers are saddled with a ton of excess,” said Elaine Kwon, managing partner at Kwontified.

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Warrnambool regional mall Gateway Plaza up for sale

Inside Retail

Warrnambool’s sub-regional shopping centre Gateway Plaza has been listed on the market. The centre sits 250km west of Melbourne’s CBD positioned on the Princess Highway with the next closest competing centre 165km away. The mall has 17,526sqm of gross lettable area and stands on a 6.2ha site with 926 car spaces. Just 28 per cent of the site developed.

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Companies find workers by giving convicts a second chance

Retail Wire

A labor shortage has provided the impetus for employers, including CVS, to hire workers who have been incarcerated. A survey of human resources pros by the Society for Human Resource Management Foundation found that 46 percent recruited individuals with criminal records.

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Finalists named in 2022 Australian Fashion Laureate nominees

Inside Retail

IMG has named this year’s finalists for the Australian Fashion Laureate awards, with winners due to be announced at a ceremony in Sydney on November 2. The awards were instituted by IMG in 2008 and are supported by the NSW government’s tourism and major events agency, Destination NSW. . The awards are considered among Australian fashion’s “highest accolades” with nominees chosen by a panel of industry leaders including Australian Fashion Laureate alumni, leading fashion journalists, creati

Fashion 130
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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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Aldi pulls customers away from mainstream grocers as prices rise

Retail Wire

Aldi has more than a million new households shopping its stores this year, helping to drive double-digit sales growth. Foot traffic to the chain’s stores was up 10.5 percent year-over-year, according to Placer.ai, even as it remained flat for the grocery sector as a whole.

Grocer 130
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Frasers Group buys Sneakerboy, plans to revive business

Inside Retail

UK-based apparel and sportswear company Frasers Group has acquired collapsed Australian luxury footwear brand Sneakerboy Group, for an undisclosed sum. The brand primarily sold luxury-label sneakers for upwards of $1500. In July, The Australian Securities and Investments (ASIC) appointed Hamilton Murphy Advisory’s Stephen Dixon as the administrator for the business and two related companies using the Sneakerboy name.

Planning 130
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Retailers go big on Halloween as Christmas concerns linger

Retail Wire

Nearly 70 percent of Americans plan to celebrate Halloween this year, the same amount as before the pandemic, and retailers are trotting out 12-foot skeletons and mummies as consumers get in the spirit of the holiday. Merchants are hoping that added sales for Halloween will provide a revenue and profit hedge going into the Christmas selling season.

Planning 130
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Sneaker platform SNKRDunk opens first overseas flagship in Singapore

Inside Retail

Japan’s sneaker and streetwear platform, SNKRDunk, is set to launch its first international flagship store at Singapore’s Mandarin Gallery. The SNKRDunk Singapore flagship will span two levels and occupy more than 1370sqft of retail space. Scheduled to open its doors this Saturday (October 15), the store will be home to a range of sneakers, many of which are limited-edition collaborations, including exclusive collaborative pieces between SNKRDunk and other brands.

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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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6 Retail Trends that will Dominate the 2022 Holiday Shopping Season

Intelligence Node

Table of Contents Gearing Up for the 2022 Holiday Shopping Season A Blast from the Past: Looking Back at the 2021 Holiday Shopping Season 2022 Holiday Shopping Trends & Predictions. The post 6 Retail Trends that will Dominate the 2022 Holiday Shopping Season appeared first on Blog.

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World food price index falls for sixth month in Sept -FAO

Inside Retail

The United Nations food agency’s world price index fell for a sixth month in a row in September, receding from all-time highs posted earlier this year after Russia invaded Ukraine. The Food and Agriculture Organization (FAO) said on Friday that its price index, which tracks the most globally traded food commodities, averaged 136.3 points last month versus a revised 137.9 for August.

ATS 130
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Goods get stuck in the mud as water levels sink in the Mississippi River

Retail Wire

A drought has caused the water in the Mississippi River to sink to record low levels. The U.S. Coast Guard has recorded at least eight barges carrying goods being grounded in recent weeks. Mike Steenhoek, executive director of Soy Transportation Coalition, said that barge capacity has fallen by about a third and prices have spiked as a result of the low water levels.

ATS 100
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How to Sell Your Company for More

Small Biz Trends

Many small business owners’ dreams are to sell their company for a lot of money. What can you do today to make the likelihood of that happening and hit the payday that you want? On The Small Business Radio this week, I talked to John Vitti , who is a serial entrepreneur who after successfully launching and exiting three companies (at the multimillion dollar level) within the consumer space, is now the CEO of his newest venture called VersusGame, an entertainment prediction-based gaming app

Returns 119
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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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Towns put a hold on retailers opening new warehouses

Retail Wire

Municipalities in California’s Inland Empire have put a moratorium on new warehouse construction while they study how existing facilities are affecting the environment and traffic. The number of warehouses in the Inland Empire was about 650 in the early 1990s, according to an analysis by Pitzer College. Today, there are nearly 4,000. Business and labor groups warn that moratoriums will decrease tax revenues to local communities and reduce employment levels.

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California Man Sentenced on PPP Fraud Charges Involving Pro Athletes

Small Biz Trends

A California man was recently sentenced to ten years in prison for conspiring to defraud the Internal Revenue Service and the Paycheck Protection Program of over $19 million. California Man Sentenced on PPP Fraud Charges Involving Pro Athletes. Court documents and statements made in court reveal that Quin Ngoc Rudin, 55, was also a convicted felon when he acted as the Secretary, Director and Chief Financial Officer of Los Angeles tax preparation business Mana Tax Services.

Returns 110
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Parachute listens to customers on where to expand

Retail Wire

Parachute started out as an online direct-to-consumer bedding products brand but founder Ariel Kaye always intended it to become a multi-category brand for today’s modern shopper. Today it continues to move into new categories and open stores in response to consumer demand. “We look to our customers for feedback and to guide us in our assortment strategy.

Consumer 100
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A trip through holidays past and future shows COVID-19’s lasting impact on the season

Retail Dive

Masks, distancing, curbside, October sales, out-of-stocks, inflation — the holidays have been evolving rapidly since the pandemic started. What changes are here to stay?

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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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Adobe: holiday online sales will grow, but not by much

Retail Wire

U.S. online sales in November and December are forecast to grow 2.5 percent, the smallest year-over-year increase since 2015, according to Adobe Analytics. “This is a radically different year than even any of the COVID fluctuations that we’ve seen in the past,” said Taylor Schreiner, senior director at Adobe Digital Insights. “As the cost of basics like food and gas go up, consumers become much more price-conscious shoppers … and that influences consumers’ pla

Consumer 100
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Best and worst cities in the UK for customer service

365 Retail

A new study, by careers experts, StandOut CV , has analysed 784,444 customer reviews from Google Maps to reveal the best and worst cities in the UK for customer service by highlighting the frequency of positive and negative comments left by customers in each city. The full list of phrases and words analysed can be found in the methodology. . The analysis reviewed a variety of industries which included B&Bs, barbers, bars, cafés, gyms, hairdressers, restaurants, plumbers, shops and supermarke

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Best Power Saws for Your Business or Work Needs

Small Biz Trends

Best Power Saws for Your Business or Worksite Needs. Whether you’re a contractor, woodworker, or a general DIYer, you probably already know the value of a good power saw. While there’s something to be said about hand saws, power saws allow work to be done more quickly and accurately. There are, of course, different saws for different projects, and some that can be used for a number of different jobs.

Shipping 104
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U.S. luxury rising: Driving engagement in new markets and creating artful retail experiences

Retail Dive

A lack of international tourists, supply chain constraints and rising costs have not stopped luxury brands from thriving in the ever-evolving U.S. retail landscape.

Marketing 103
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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.