Wed.Aug 02, 2023

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Barbie eco-protest embarasses media, Mattel

Inside Retail

Several news organisations, including People, The Washington Times and MarketWatch, fell for an elaborate hoax claiming that all Mattel toys, including Barbie, would be plastic-free by 2030, beginning with a new line of MyCelia EcoWarrior Barbies. The new range of Barbie dolls was claimed to be compostable and made with organic materials, including mushrooms, algae and clay.

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Why DTC Brands are Evolving from Disruptors into Omnichannel Players

Retail TouchPoints

It wasn’t so long ago that the debut of new digital-first brands was a near-daily occurrence. Successful “challenger” offerings in just about every category under the sun rose to unprecedented heights, almost solely on the backs of social media and good branding. But contrary to pandemic-era predictions, it turns out people still want to shop in stores, and a swath of data privacy crackdowns have brought many of these rising stars back down to Earth.

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ARA predicts Father’s Day spending decline amid cost-of-living crisis

Inside Retail

Australian shoppers are predicted to spend $860 million on Father’s Day gifts this year, according to research by the Australian Retailers Association (ARA) in collaboration with Roy Morgan. However, although 35 per cent of consumers said they plan to buy a gift, the research projects a “modest dip” in spending this year, down $12 million or by 1.3 per cent.

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WSJ: CVS Eliminates 5,000 Corporate Jobs in Cost-Cutting Effort

Retail TouchPoints

As part of a restructuring effort initiated in Q2 2023, CVS Health will cut 5,000 jobs as the company focuses more on healthcare services, according to the Wall Street Journal and other news outlets. WSJ reported that the cuts will primarily affect corporate positions rather than customer-facing roles in stores, pharmacies and clinics. Since last fall, CVS has been beefing up its healthcare offerings, first with the September 2022 acquisition of Signify Health for $8 billion and the February 202

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Generation wars: Koala quiz splits opinion as it tackles income inequality

Inside Retail

A new marketing initiative from Australian mattress company Koala has waded into a tense debate around generational wealth and housing affordability and sparked strong responses from young and old – though that was likely a goal of the campaign. Earlier this week, Koala – in conjunction with Australian creative agency Thinkerbell – released a “captcha-style and millennial skewed” quiz, tasking applicants to answer questions on “everything from Brangelina, to planking, ‘swag’, emojis and more.

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NRF Forms Digital Risk Group to Help ‘Shape the Public Debate on Technology Issues’

Retail TouchPoints

The National Retail Federation has launched a new Center for Digital Risk & Innovation , aimed at engagement and advocacy on technology issues that have significant implications for the retail industry. The initial areas of focus for the Center will include cybersecurity , digital fraud prevention and artificial intelligence and machine learning.

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INFORMing Customers: A New Retail Requirement

Retail TouchPoints

Since 2021, states and the federal government have been pushing to provide consumers with more information about the parties with whom they transact. To do that, new laws, referred to as “INFORM Acts,” have emerged, that require online marketplaces to verify high volume sellers and disclose information to consumers about the parties with whom they transact.

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Cotton On unveils collaboration with Mack Trucks

Inside Retail

Australian clothing brand Cotton On has unveiled its partnership with truck retailer Mack Trucks to create a collection of menswear. The new line draws inspiration from road-tested styles that have been worn out over Mack Trucks’ 123-year history and ongoing global influence on popular culture. Clothing from the upcoming Mack Trucks collection is inspired by the fashion aesthetics of the 1960s and 1970s.

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Amazon Fresh Expands Delivery to Non-Prime Members, Unveils New Store Model

Retail TouchPoints

Amazon CEO Andy Jassy’s stated goal has been to “double down” on the company’s grocery business , and just how that will be accomplished is becoming clearer. The most notable change? The retailer is now offering grocery delivery services to non-Prime members in the U.S. Amazon Fresh sent an email to customers noting that non-Prime members in 12 key markets will be able to get an assortment of national brands, local brands and private label brands delivered right to their doorstep at the same low

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Shares of e.l.f. Beauty Jump 15% After Company Raises Full-Year Guidance on Surging Sales

Retail Wire

e.l.f. Beauty, a drugstore makeup brand, experienced a 76% year-over-year increase in sales for its fiscal first quarter of 2024. The surge in sales led the company to raise its full-year outlook, with expectations for net sales to be between $792 million and $802 million and adjusted full-year profits to be between $125 million and.

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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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Iceland brings back 1p offer to help with cost-of-living crisis

Retail Gazette

Iceland Foods has brought back its 1p online sale for the summer holidays to support customers through the cost-of-living crisis. The supermarket chain is reducing selected summer staples to 1p for 24 hours as part of its Holiday 1p Helpers promotion, which runs until 11 August. Available through its Bonus Card app, the sale will allow shoppers to save up to £3.74 on weekly staples, such as chicken dippers, bacon and Kit Kat bars.

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As CVS Adds More Healthcare Services, 5,000 Job Cuts and Restructuring Ahead

Retail Wire

CVS Health is planning to cut 5,000 jobs across the country as it focuses on adding healthcare services to its stores and medical care provider networks. The retail drugstore giant, which recently completed acquisitions of Oak Street Health and Signify Health, aims to reprioritize investments around care delivery and technology. The job cuts are part.

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New Entry-Level Cisco Certifications: CCST Gains Ground

Cisco Retail

Exciting things have been happening since we announced the two new entry-level Cisco certifications, the Cisco Certified Support Technician (CCST) Cybersecurity and Cisco Certified Support Technician … Read more on Cisco Blogs

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Starbucks Beats Earnings Estimates, but Sales Disappoint Despite China Boom

Retail Wire

Starbucks reported better-than-expected quarterly earnings but disappointed with weaker-than-expected same-store sales. While the company’s revenue grew by 12%, same-store sales in North America and international markets fell short of estimates, with growth of 7% and 24%, respectively. However, the coffee giant’s same-store sales in China showed strong performance, skyrocketing by 46% in the quarter, contributing.

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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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Asda publishes fuel prices online in UK supermarket first

Retail Gazette

Asda has become the first supermarket to publish its fuel prices online following criticism from MPs over “sky high” prices. The supermarket will display the prices of petrol and diesel at each filling station on its store locator pages. The information will be updated at 10:30am each morning with the previous day’s closing price. Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Asda said it was looking to introduce a system that

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As the New Bed Bath & Beyond Launches, Here’s What Shoppers Can Expect

Retail Wire

Bed Bath & Beyond has relaunched through its new website and app after its brick-and-mortar stores closed following a bankruptcy filing in April. Owner Overstock acquired Bed Bath & Beyond’s intellectual property and rebranded its business under the Bed Bath & Beyond domain, aiming to attract new customers and reverse sales slumps.

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Hear the Latest on NIST’s Cybersecurity Framework 2.0 (and Beyond)

Cisco Retail

What better time to discuss the breadth and impact of the National Institute of Standards and Technology (NIST) on enhancing global security resiliency than as they begin their second half-century of… Read more on Cisco Blogs

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MrBeast Says ‘Ghost Kitchen’ Partner Is Hurting His Brand With ‘Terrible Quality’ Burgers

Retail Wire

YouTube star MrBeast, whose real name is Jimmy Donaldson, is suing his business partner Virtual Dining Concepts over the poor quality of the burgers bearing his name. The collaboration involved building an online food service to deliver MrBeast-branded foods, but customers have complained about issues such as raw meat, missing parts of their orders, and.

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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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Asos to use AI to serve customers post-purchase offers

Retail Gazette

Asos has partnered with ecommerce technology company Rokt to boost its retail media division by allowing the fashion etailer to provide shoppers with targeted content and offers. Under the collaboration, Asos will be able to use first-party data to create personalised experiences for shoppers and introduce relevant non-endemic offers from Rokt’s marketplace.

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Focus: Clothiers Bet on ‘Cooling’ Fabrics as Global Temps Rise

Retail Wire

Retailers like Macy’s and Columbia Sportswear are embracing “cooling” and “breathable” fabrics in response to rising temperatures and increased demand for clothing that can provide relief from the heat. Companies such as VF Corp and Reformation are incorporating Tencel, a lyocell fiber known for its absorbent qualities, into their warm-weather styles.

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Finmarc Management Sells Largo Town Center in Metro D.C. for $70 Million 

Shopping Center

Upper Marlboro, Md. — Finmarc Management Inc. has sold Largo Town Center, a 280,000-square-foot retail center in the Upper Marlboro suburb of Washington, D.C., for $70 million. The investment firm purchased… The post Finmarc Management Sells Largo Town Center in Metro D.C. for $70 Million appeared first on Shopping Center Business.

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Titles vs. Roles – What Really Matters?

Cisco Retail

How many times have you signed up to join a community or become a member of a site that had valuable information and they asked you “what is your title?

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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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Nike plans ‘network’ of boutique fitness studios

Retail Dive

The first location is set to open in Los Angeles later this year. Nike Running Studios and Nike Training Studios will offer live classes and social fitness events.

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Mining innovation: Underground mining visibility, locating assets and protecting people

Cisco Retail

Enabling autonomous operations and understanding the location of people and assets in real time are necessary for realizing fully operational smart mines.

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IKEA launches affordable new collection service with Tesco Mobile pick-up point in Peterborough

A1 Retail

New IKEA mobile pick-up point launched at Tesco Werrington Superstore in Peterborough Customers can collect their IKEA order for free over £200 or £10 for all other orders Peterborough becomes the ninth location in the UK to offer IKEA collection service in partnership with Tesco IKEA UK has announced the launch of a new mobile pick-up point in partnership with Tesco, giving customers across Peterborough a more convenient, accessible, and affordable way to shop for IKEA products.

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GameStop to stop support for its crypto wallets due to ‘regulatory uncertainty’

Retail Dive

The retailer, which is pulling support on Nov. 1, had sought to tap into gaming culture to make crypto a larger part of the company’s future.

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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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How Paul Smith’s MACH Tech Investment Paid Off

RIS News

Paul Smith’s head of digital, Hannah Bennett, describes how migration to MACH architecture allowed the team to stay true to the brand's 50-year legacy while optimizing its online presence.

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Last Mile Delivery: What You Need to Know in 2023

Shopify

Learn how last mile delivery logistics works for your business. Plus, tips for optimizing your final mile strategy and future trends.

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Tempur Sealy responding to cyberattack that disrupted operations

Retail Dive

The attack occurred almost two months after the company signed an agreement to acquire Mattress Firm, which will position it as one of the world's largest mattress manufacturers.

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Networking Academy Alums Prove Anything Is Possible

Cisco Retail

Over the last two months, excitement has been building toward this moment: when the finalists are announced for the Alumni Awards.

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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