Fri.Jun 17, 2022

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How One Auto Dealer Revved Up Car Sales in an Unexpected Place – Pinterest

Retail TouchPoints

Pinterest is the place to go if you need inspiration for décor, cooking, home improvement projects, summer fashion…the list goes on. But when it comes to hunting for a new car, Pinterest isn’t generally shoppers’ first stop. It might soon be though, if Pinterest has anything to say about it. The platform estimates that 8 million of its users (a.k.a.

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Weighed down by debt, Revlon collapses into bankruptcy protection

Inside Retail

After 90 years, the famous US cosmetics company Revlon has filed for Chapter 11 bankruptcy protection in order to restructure its debt. In a statement issued overnight Australian time, the company said the business would continue to operate as normal, with vendors and partners paid under normal terms for goods and services received after the filing date, and employees would continue to be paid as usual.

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Walmart and Roku Team Up to Take on TV Commerce

Retail TouchPoints

Walmart and Roku have announced a new partnership “to make TV streaming the next ecommerce shopping destination.” The new deal will push the boundaries of the burgeoning realm of “TV commerce” by allowing customers to shop and buy products from ads on the Roku streaming service, with Walmart serving as the exclusive retailer for the transactions. Viewers will be able to press “OK” on their remote when they see a product they like in a shoppable ad and proceed to checkout on their TV.

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Caledonia Park signs Kate Spade for Scottish Outlet debut

Retail Focus

Railpen, the investment manager responsible for the safekeeping and administration of over £37 billion AUM for several pension schemes, announces the launch of global lifestyle brand kate Spade New York’s first outlet store in Scotland, at the designer village, Caledonia Park. Kate Spade will occupy a 1,630 sq ft unit opposite Scotland’s only Ralph Lauren outlet store, showcasing feminine lifestyle accessories, including the brand’s iconic handbags, attire, shoes, jewellery, and homeware.

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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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Considering Selling Your Amazon Brand to an Aggregator? Here are the 5 Things You Need to Know

Retail TouchPoints

The whole idea of aggregation was essentially born five years ago when the ecommerce industry recognized that digitizing the private equity playbook made a lot of sense. A focus on how to maximize digital real estate within Amazon was created — targeting digitally native brands and Amazon listings to build arguably one of the fastest growing companies in tech history.

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Theory opens layered flagship store on Regent Street

Retail Focus

Architecture studio Sybarite have created a retail concept for the new Theory flagship store located on 101-113 Regent Street. This will be part of a ‘connected retail space’ with Uniqlo, also owned by Fast Retailing. It is the first time the two fashion brands have occupied a retail space in the same location in the UK and Europe. . Sybarite distilled the essence of Theory into a cohesive design language centred around timelessness, construction, balance, and openness.

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Gilly Hicks delivers a daily dose of happy to Carnaby Street

Retail Focus

Gilly Hicks, a brand in the Abercrombie & Fitch portfolio offering activewear, loungewear and underwear, has today announced the opening of its new store located at 39 Carnaby Street, in the heart of London’s busiest shopping district. The new store opening is a part of the brand’s growth strategy, including an expanded product assortment, digital experience, and a reimagined brand purpose.

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Product Guru Plans Series of Pop-Up Concept Stores to Connect Emerging Brands with UK Retailers

Retail TouchPoints

B2B brand discovery platform Product Guru is bringing its online service — which connects brands and retailers — to the real world, with plans for a series of temporary concept stores in London. The new POP tech-powered concept stores aim to put emerging brands in front of key players in the UK retail industry with a series of events taking place in September 2022.

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Americans are going back to their old ways of shopping

Retail Wire

More Americans are heading out to stores to shop instead of going online. In-store sales grew 13.4 percent in May, according to Mastercard. Online sales were up 2.2 percent for the month.

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Famed British Corner Shop Fortnum & Mason to Open Tmall Store

Retail TouchPoints

The 315 -year-old British retail and hospitality brand Fortnum & Mason is moving into the frontier of modern retail with the opening of its official store on China’s cross-border online marketplace, Tmall Global. The online shop will debut on June 18, 2022 during China’s 6.18 mid-year shopping festival. Fortnum & Mason is working with ecommerce accelerator Pattern for the launch, part of a larger move to expand its online business to China.

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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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Lego building U.S. factory to avert supply chain disruptions

Retail Wire

Lego plans to invest $1 billion to build a new factory in Virginia. The move is being made to avoid supply chain disruptions to the U.S. market. “Our strategy to be close to our core markets has only been confirmed recently,” said Lego COO Carsten Rasmussen.

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Latitude Group rescinds buyout offer for Humm’s BNPL business

Inside Retail

Australian digital payment and lending firm Latitude Group on Friday terminated its $335 million offer to buy Humm Group’s consumer unit that includes its buy now, pay later (BNPL) business. Shares of Humm Group fell as much as 11.3 per cent to $0.510, hitting their lowest since March 2020 and extending losses to a fifth session, after the news came in.

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Chipotle adding traffic-driving cauliflower rice to the menu

Retail Wire

Chipotle is running a 60-store pilot with cilantro-lime cauliflower rice after the item proved successful in driving customer traffic last year. The restaurant chain’s sales rose nine percent in the last quarter.

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$390 Billion in EIDL Loans Awarded to Small Businesses Through Pandemic

Small Biz Trends

Four million businesses that were negatively impacted by the pandemic were awarded almost $390 billion in COVID Economic Injury Disaster Loans (EIDL). $390 Billion in EIDL Loans Awarded to Small Businesses Through Pandemic. An unprecedented level of financial support by the Small Business Administration (SBA) to small businesses hit by the pandemic included the EIDL program.

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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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Walmart pulls MyPillow products from store shelves

Retail Wire

Walmart has decided to delist MyPillow products from its stores while continuing to sell the brand online. MYPillow CEO Mike Lindell who has pushed discredited conspiracy theories about the 2020 presidential election claims that the retailer’s decision is politically motivated and that he and his company are being canceled. Walmart is MyPillow’s biggest distributor, according to Mr.

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Ron Johnson's Enjoy Technology wants to create a new form of retail. But first it must survive.

Retail Dive

The former J.C. Penney CEO has built out a fleet of mobile stores to bring the shopping experience to homes. Its losses are mounting, though, and cash is running out.

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Brits are buying less and trading down to stretch their pounds

Retail Wire

Consumers in the UK are cutting back and trading down to stretch their incomes in the face of inflation, according to Tesco. The retail giant posted a 1.5 percent drop in UK sales for the quarter ending May 28.

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The Best Work Pants for Men

Small Biz Trends

Whether you are a weekend landscaping warrior or a full-time electrician, finding the right work pants for men is important. Your chinos or regular jeans might look tough, but they won’t offer you the protection that you need when working in tough and harsh environments. The best work pants for men are durable, comfortable, and will keep you protected no matter the job.

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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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Walmart to pay pharmacy techs more

Retail Wire

Walmart is raising pay for pharmacy technicians to an average of more than $20 an hour. It will also cover the costs for pharmacy technician certifications. “We are sending a strong signal to pharmacy technicians everywhere that Walmart is serious about attracting top talent and giving them the tools to build a successful career,” the company said.

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38 Father’s Day Messages

Small Biz Trends

This Father’s Day, why not take a break from the traditional Father’s Day card and send your dad a personal message instead? From funny to heartfelt, we’ve put together 38 messages that will let your dad know how much you truly appreciate him. Read on to find the perfect message that’ll make your dad smile! Why You Should Send a Father’s Day Message.

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Happy Hour is back

Retail Wire

Some bars are reporting that sales are nearing pre-COVID-19 levels as workers return to their offices. The pandemic had a devastating effect on many bars and restaurants with about 90,000 closing their doors over the past two years.

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McKinsey: Metaverse may create $5 trillion in value by 2030

Retail Dive

The research firm found that up to $2.6 trillion of that value could be in e-commerce.

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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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Walmart bringing shoppable ads to Roku’s streaming platform

Retail Wire

Walmart and Roku announced a deal to bring shoppable ads to the streaming media company’s platform. “We’re working to connect with customers where they are already spending time, shortening the distance from discovery and inspiration to purchase,” said Walmart CEO William White.

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Old Navy struggles with demand planning due to supply chain delays

Retail Dive

The Gap-owned retailer is rebalancing its inventory mix after shipping delays left the company with excess product that is "out of sync" with consumers.

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Go Beyond: Ensure LGBTQ Employees Feel Included

LS Retail

©iStock/Cristina Moliner According to two LGBTQ leaders at Bain & Company, pride means many different things in the queer community. It means celebrating the individual ways in which we all contribute in the workplace with our distinct backgrounds, experiences, perspectives, and abilities. That means recognizing that we all do our best work when everyone can show up as, and be celebrated for, their full, authentic selves.

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The Weekly Closeout: Deckers' COO steps down and Swarovski names CEO

Retail Dive

David Lafitte exited the footwear retailer to pursue another opportunity, while the jewelry brand appointed its first chief outside of the founding family.

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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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Guest Post: 5 Consumer Trends Small Business Owners Should Be Aware Of

Hyken

This week we feature an article by Devin Pickell, Growth Marketing Manager at Privy. He shares the five consumer trends organizations can use in their next campaigns and strategy. It’s difficult to stay on top of everything as a small business owner, especially in today’s fast-paced environment. So getting a competitive edge on what your consumers prefer can be extremely beneficial for your business. .

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Walmart, Roku partner to evolve shoppable streaming ads 'beyond the QR code'

Retail Dive

The retailer is the exclusive partner on a new feature that allows people to purchase products with a few taps of their remote.

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Why Choose NexSigns As Your Digital Signage Software? 

Kuusoft

Did you know that digital signage in the United States reaches 135 million people each week, with 68%… The post Why Choose NexSigns As Your Digital Signage Software? appeared first on The Official Kuusoft Blog.

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Gap Inc. joins $8M funding round to take equity stake in Allyson Felix's Saysh

Retail Dive

The company’s Athleta brand, which has partnered with the track and field star since 2019, will feature Saysh merchandise on its website.

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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.