Thu.Aug 05, 2021

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Best Buy to Invest up to $10M in VC Firm Focused on BIPOC Startups

Retail TouchPoints

Brown Venture Group , a venture capital firm focused exclusively on Black, Latinx and Indigenous emerging tech startups, will receive an investment of up to $10 million from Best Buy. The fund’s goal is to help break down systemic barriers for BIPOC entrepreneurs, including lack of access to capital. Black and Latinx founders represented only 2.6% of funding in 2020.

Planning 306
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Snap lockdowns weighing on ‘battle-weary’ retailers, public

Inside Retail

Australia’s battle with the Delta variant of Covid-19 is continuing to shut businesses down, with the state of Victoria re-entering lockdown, rejoining New South Wales and Queensland in shutting non-essential retail and restricting citizens movements in light of surging cases. Victoria’s state premier Dan Andrews said he would have preferred to wait to reintroduce restrictions, but that, as seen in Sydney’s case, they only get one chance to act before the more infectious strain gets away from he

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Rite Aid Partners With Shipt to Offer Same-Day Delivery in 17 States

Retail TouchPoints

In a move to match the delivery options offered by its major pharmacy competitors Walgreens and CVS, Rite Aid has partnered with Shipt to offer same-day delivery of health and wellness products from more than 2,000 stores in 17 states. The service will operate through the Shipt marketplace, enabling customers to receive their orders in as little as an hour.

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Bunnings MD Mike Schneider: “I have the best retail job in the country”

Inside Retail

Last week, Bunnings managing director Mike Schneider joined Australian Retailers Association CEO Paul Zahra on the ARA podcast about how he began his career in retail, what a typical day looks like for him – and why he reckons he has the best retail job in the country. Here is an edited excerpt from their conversation. Paul Zahra: You’ve been at Bunnings for 16 years and held various roles since becoming managing director in 2016.

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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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The Future of the Mall, Part 2: Why Developers and Landlords Are Finally Giving Digital the Attention it Deserves

Retail TouchPoints

The low-hanging fruit opportunity for mall developers and landlords is to double down on the in-person experience. That’s why properties have focused on perfecting the tenant mix , onboarding a compelling combination of restaurants, entertainment and up-and-coming DTC darlings. But the pandemic put a spotlight on a daunting gap for properties that desperately needs filling: digital strategy (and the lack thereof).

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Sir Michael Hill teams up with designer Anna Campbell on bridal capsule

Inside Retail

Jewellery designer Sir Michael Hill has teamed up with wedding dress designer Anna Campbell to showcase the “perfect ring and gown pairings” in an exclusive Designer Bridal Collection. The collection features six capsules that cater to three different bridal styles; Bohemian Romantic, Modern Minimalist, and Princess Bride. Bohemian Romantic is inspired by eclectic and detailed pieces.

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Indigenous fashion takes centre stage at Country to Couture

Inside Retail

‘From dusk to dawn’ was the theme of this year’s Country to Couture showcase of Indigenous fashion, and the designers certainly delivered, sending a wide range of looks down the runway from glamorous evening wear to cool athleisure — but all with a culturally significant story to tell. . Now in its sixth year, Country to Couture is part of the annual Darwin Aboriginal Art Fair (DAAF) and features collections from Indigenous designers as well as collaborations between First Nations artists

Fashion 246
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Oveit Enables Retail Livestreaming in a Few Clicks

Retail TouchPoints

Oveit has launched a livestream shopping solution called Streams.Live. The platform aims to help retailers grow their business by combining interactive live-video sessions with their current shopping experiences. Streams.Live was designed to help retailers host live interactive online presentations of their products. Shoppers can ask questions, exchange impressions with other users and, at the moment of choice, conveniently and seamlessly purchase with a click.

Shopping 264
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Hybrid Retail: Find the right mix of channels for your shoppers

Tokinomo

Retailers and brands are constantly adapting to new trends. When the pandemic started to affect the way we live and shop, retailers knew that things would look different after restrictions were lifted. However, nobody expected this massive digitalization in all industries.

Shopping 241
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4 Common Concerns about Chatbots and Why They’re Not Rooted in Truth

Retail TouchPoints

Whenever a new technology emerges, it’s generally greeted with a healthy mix of excitement and skepticism. This was true when chatbots were first invented, and then again with every iteration since. It makes sense to both welcome and challenge technology, since organizations and consumers should only adopt solutions that help them improve and succeed.

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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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White Rose on cloud dine with ProCook signing

Retail Focus

Landsec has announced the opening of the UK’s leading kitchenware brand, ProCook, at White Rose Shopping Centre in Leeds. The new store is the second for ProCook following the recent launch at Bluewater. ProCook is also the ninth brand to have joined White Rose or upsized at the centre in the last 12 months. The 2,786 sq ft White Rose ProCook store stocks a wide range of cookware, tableware, and kitchen accessories, covering every kitchen item needed by the home cook.

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Support to see retailers through challenging times

Inside Retail

These are uncertain times for retailers across Australia, particularly those in areas facing protracted lockdowns and trading restrictions. We are committed to continue supporting businesses as they navigate their various pandemic-related challenges. We understand that things can change quickly, which is why we’ve prepared a range of ways to help our customers get back on track today for a better tomorrow.

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How Showcasing Corporate Responsibility Fosters Brand Loyalty

Retail Focus

Brand loyalty is the gold standard of marketing. It means having customers who choose you, every time, over any competitor, even at a higher price point. So, how do you foster brand loyalty, and how do your corporate responsibility actions affect this business aspiration? Here we’ll demonstrate some first-class examples that tap into this societal drive for businesses to be better.

Shipping 147
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Can Coles outperform gyms in the supplements category?

Inside Retail

Between lockdown lifestyle changes and Olympics inspiration, it’s never been a better time to be in sports nutrition. For supermarkets, at least. The global sports nutrition market size was valued at US$10.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.9 per cent from 2021 to 2028, according to Grand View Research.

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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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Demand for COVID tests increase

Retail Wire

A rising number of consumers are seeking out COVID-19 tests with outbreaks of the Delta variant happening across the country. Increased demand for tests has led to longer wait times to get results. David Gallego, a medical tech at a LabQ mobile-testing site, said those being tested are “travelers, people who have symptoms or people who are scared because they felt like they’ve been exposed.”.

Consumer 130
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Retail appointments for the week

Inside Retail

R.M. Williams names retail general manager. Clothing and footwear company R.M. Williams has appointed Steven Woolley as its new general manager for retail. Currently the global senior director for retail operations at Adidas, Woolley’s experience extended across stores and back office, in varying business environments, sectors and geographies. Working at the global Adidas headquarters in Germany, Woolley led the Retail Operations 2025 strategy cycle of the company, redefining retail and omnichan

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Parents need childcare fix to go back to work

Retail Wire

Parents who have been working remotely are unable to return to offices as long as their ability to get safe care for their kids is in question. Those who are not working because of a lack of childcare are unlikely to do so without that issue being resolved. “You cannot divorce the child care issue and the pandemic,” said AnnElizabeth Konkel, an economist at the Indeed Hiring Lab.

Returns 130
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Can Coles outperform gyms in the supplements category?

Inside Retail

Between lockdown lifestyle changes and Olympics inspiration, it’s never been a better time to be in sports nutrition. For supermarkets, at least. The global sports nutrition market size was valued at US$10.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.9 per cent from 2021 to 2028, according to Grand View Research.

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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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Companies have used pandemic to get their brand houses in order

Retail Wire

Ralph Lauren and Under Armour are two companies that have used the time since the pandemic to speed up turnaround efforts. BMO Capital Markets analyst Simeon Siegel said the low expectations for companies freed them in many ways. “For the first time in forever it allowed companies to look beyond the next quarter,” he said.

Marketing 130
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How livestreaming is driving e-commerce sales in China

Inside Retail

Since 2019, livestreaming has been one of the most important ways for a store to engage its followers to make a sale in China. But livestreaming was not always used for selling items. The concept is not new. Traditionally, it served as a way to connect with strangers on the internet. A host would sing or play guitar, interact with his or her fanbase and receive red packets or ??

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Brazil will experience outstanding digital streaming

Cisco Retail

Identifying Connectivity Challenges. TIM Brazil had a problem to solve. Their country of more than 200 million people has massive geographical regions lacking reliable internet service, and the company sought a cost-effective way to expand connectivity and offer high-quality streaming content to its growing population. They needed to find the best way to address this challenge without incurring the significant costs typical of such large-scale projects.

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Bath beers and blowdries: The next level of hybrid retail

Inside Retail

The pandemic has accelerated a trend toward a hybrid retail model in which retailers must learn to adapt or get left behind, according to a property expert. “Retailers that have adapted with the changing times, especially after the global financial crisis, are now in the best position possible to make it through the pandemic,” said Motti Farag, retail specialist at property firm CBRE.

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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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Ready for Prime Time: Plus to Deliver Autonomous Truck Systems Powered by NVIDIA DRIVE to Amazon

Nvidia

Your Amazon Prime delivery just got smarter. Autonomous trucking company Plus recently signed a deal with Amazon to provide at least 1,000 self-driving systems to retrofit on the e-commerce giant’s delivery fleet. These systems are powered by NVIDIA DRIVE Xavier for high-performance, energy-efficient and centralized AI compute. The agreement follows Plus’ announcement of going public via SPAC , or special acquisition company.

Planning 138
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Languishing in the time of Covid

Inside Retail

Imagine it’s the year 2031. Coronavirus is a distant memory. The vaccine has successfully been rolled out, and life (for the most part) is back to normal. Looking back, how will you remember feeling at this time? Maybe exhausted Somewhat grateful? Often Stressed? A bit, well, blah? Chances are, like many of us, you’ll be experiencing a range of these emotions, often simultaneously.

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August Arrivals: GFN Thursday Brings 34 Games to GeForce NOW This Month

Nvidia

It’s a new month for GFN Thursday, which means a new month full of games on GeForce NOW. August brings a wealth of great new PC game launches to the cloud gaming service, including King’s Bounty II, Humankind and NARAKA: BLADEPOINT. In total, 13 titles are available to stream this week. They’re just a portion of the 34 new games coming to the service this month.

ATS 137
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Deconstructing the 5G opportunity for Cisco Partners

Cisco Retail

I have worked with many cool technologies throughout the years, helping our partners find new opportunities, create their differentiation, and establish long and profitable customer relationships. I have also been at the center of the Internet of Everything wave and digital transformation – and the buzz words that accompany these new technologies, such as IoT, Software Defined-everything, CyberSecurity, Analytics, Edge Computing, Cloud Computing, and Artificial Intelligence.

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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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Cash still king, says new research

Talking Retail

A majority of transactions in convenience stores are still made in cash despite the increase in card payments during the pandemic, says new research. But there is a geographical divide in the UK, with southern counties less reliant on cash than those further north, adds the PayPoint data. County Down in Northern Ireland is the. This story continues at Cash still king, says new research.

ATS 137
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Brandless plans to use new funding to grow product lines and social presence

Retail Wire

The consumer-direct online personal products company Brandless has raised $118 million in an equity/debt funding round. “We’re heavily focused on two core things,” CEO Cydni Tetro said. “Acquiring mission-driven, like-minded brands and investing in our social commerce platform.

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Archaeologist Digs Into Photogrammetry, Creates 3D Models With NVIDIA Technology

Nvidia

Archaeologist Daria Dabal is bringing the past to life, with an assist from NVIDIA technology. Dabal works on various archaeological sites in the U.K., conducting field and post-excavation work. Over the last five years, photogrammetry — the use of photographs to create fully textured 3D models — has become increasingly popular in archaeology. Dabal has been expanding her skills in this area to create and render high-quality models of artifacts and sites.

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Kroger providing free rides for customers wanting COVID-19 vaccines

Retail Wire

Kroger Health has announced a partnership with Lyft to provide customers with a free means to get vaccinated against COVID-19 by receiving rides to the grocery giant’s pharmacies or Little Clinic locations.

Location 100
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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.