Thu.Aug 11, 2022

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Marimekko to Launch ‘Pre-loved’ Resale Marketplace

Retail TouchPoints

Finnish design house Marimekko will launch its new community-driven resale and vintage marketplace, Pre-loved, on Aug. 25, 2022 in partnership with Archive. The debut follows a pilot concept that began one year ago with Marimekko selling 60 unique vintage pieces online to celebrate the brand’s 70 th anniversary. The program’s goal is to increase the lifespan of Marimekko products, a key element of the company’s sustainability strategy.

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McDonald’s faces ‘mega’ $250 million backpay claim in Federal Court

Inside Retail

After two years of investigations into alleged “exploitation and award contraventions” workers union SDA is seeking backpay and compensation for more than 250,000 current and former staff of McDonald’s it claims have been systematically denied 10-minute rest breaks. The SDA is seeking at least $250 million in compensation and penalties in what it describes as a “mega” claim lodged with the Federal Court against McDonald’s Australia and 323 franchisees. .

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TechCrunch: Amazon One Expands Palm Scanners to 65 Additional Whole Foods Stores

Retail TouchPoints

Amazon ’s One palm scanner payment technology will reportedly expand to more than 65 Whole Foods stores in California, according to TechCrunch and other media outlets. The latest rollout will affect stores in Los Angeles, Sacramento, Orange County, the San Francisco Bay Area and Santa Cruz, Calif. Amazon One was launched in Amazon Go stores in 2020 and early 2021 before expanding to an Amazon Fresh supermarket later that year.

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Welcome to Wonderworld: David Jones showcases natural beauty on the runway

Inside Retail

Department store giant David Jones unveiled the latest Spring/Summer collections this week in its Elizabeth Street flagship in Sydney. Titled Wonderworld, the runway featured a diverse range of models showcasing next season’s collections from local and international brands, with five showings executed between Wednesday and Friday for industry insiders and consumers.

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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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Gift Card Lawsuits Can Be Avoided — Here’s How

Retail TouchPoints

Many brands launch gift card programs for all the right reasons: incremental sales, new customer acquisition, brand recognition and to build customer loyalty. Not to mention consumers love them, with 80% saying they plan to purchase more gift cards in 2022. Responsibility for your gift card program typically lives in the marketing department. For newer gift card programs, the program is just one responsibility among many others, while larger, more established programs may have a dedicated gift c

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Aldi opens Dumpling Truck, serving meals for less than $1.50

Inside Retail

German discount retailer Aldi is opening a “Dumpling Truck” pop-up, serving takeaway dinners a box of six Urban Eats dumplings for less than $1.50. From 5 pm to 7 pm tonight, (Friday), the Aldi Bankstown Central will turn into a takeaway shop, offering shoppers dumplings for $1.44 per serve – less than what some consumers pay for delivery. According to research commissioned by the retailer, almost half (46 per cent) of Aussies pay $15 to $20 on takeaway food per person per order.

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Retail appointments of the week

Inside Retail

Big Red Group appoints chief sustainability officer. Australian-owned Big Red Group has appointed its first chief sustainability officer to lead the company’s environmental and social transformation. Big Red Group’s COO and former RedBalloon CEO Jemma Fastnedge (pictured) will head up Big Red Group’s ESG agenda, and will oversee the actions of its brands, including RedBalloon, Adrenaline, Experience Oz, Local Agent and Lime&Tonic.

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Tommy Hilfiger Amps Up Circularity Efforts with Resale in the U.S., Rental in the UK

Retail TouchPoints

Tommy Hilfiger , owned by PVH Corp. , has announced two new circularity initiatives — a resale program for U.S. consumers through a new partnership with ThredUP , and a six-month rental pilot in the UK with platform Rotaro. Both programs are part of the fashion label’s “ Waste Nothing and Welcome All ” initiative, which, among other targets, aims to make Tommy Hilfiger a fully circular brand by 2030.

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Baby Bunting marks record sales, begins New Zealand foray

Inside Retail

Baby Bunting has overcome Covid-related trading restrictions and ongoing supply-chain disruptions to post record sales last financial year. The baby goods retailer says sales grew 8.3 per cent to $507.3 million (with same-store sales up by 5 per cent) while statutory net profit attributable to shareholders rose 14.6 per cent to $19.5 million. Against results for two years earlier, the company says sales grew by 25.2 per cent.

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Ferragamo Partners With Farfetch as Part of Millennial/Gen Z Strategy

Retail TouchPoints

Seeking to step up its appeal to younger shoppers, luxury Italian fashion house Salvatore Ferragamo has partnered with digital platform Farfetch. The partnership will allow Ferragamo to fortify the online components of its omnichannel strategy, including its presence on the Farfetch marketplace, while also leveraging the platform’s promotional opportunities to engage with millennial and Gen Z consumers via digital experiences.

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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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Who are Australia’s Top 25 retailers by revenue?

Inside Retail

The Top 25 Retailers report was brought to you by Inside Retail and our valued partner, Tealium. Today, Inside Retail is launching its Top 25 Retailers report , which ranks Australia’s best retailers by revenue returns in order to showcase some of the country’s best talent. Throughout the last few years, retail has had many ups and downs, and while some businesses have struggled others persevered and reaped the rewards.

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JCPenney Picks Walmart and Starbucks Vet as New CFO

Retail TouchPoints

JCPenney has appointed Stephanie Plaines as CFO, effective immediately. Plaines will lead all financial activities across the retailer, with the goal of driving best-in-class execution across functions including financial strategy, real estate, capital deployment, credit services, sourcing and procurement, treasury and accounting. Plaines brings decades of experience working with data to improve business performance and profitability.

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Why bricks-and-mortar is still critical in China

Inside Retail

The retail experience for physical bricks-and-mortar stores is undergoing a revolution at the moment. According to data from Statista, in-store sales are expected to reach $21.4 trillion globally by 2024. A recent McKinsey report also stated that while e-commerce has boomed since the onset of the pandemic, forward-thinking companies are using their stores to educate consumers, reinforce their brand positioning, and support online sales.

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From price to product information elasticity of demand – navigating the demands of the new K-Shaped consumer

Retail Focus

While pricing sensitivity is rising amongst shoppers as the cost-of-living and inflationary pressures hit household budgets, UK shoppers would pay more for products carrying better quality product data, the latest data from Ak eneo , the global leader in product experience management (PXM) and product information management (PIM), reveals. Original research of over 1,800 shoppers in its latest 2022 B2C Survey: Product Experience Satisfaction Around the World ’ Report, showed that six in ten (

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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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Distillery Road Market reveals $6 million anchor tenant

Inside Retail

Distillery Road Market (DRM) has revealed its new anchor tenant, Perentie Brewing Co, a $6 million brewery specialising in independently crafted lager beers with an adjoining set to open its pub next year. Kenton Campbell – the developer behind DRM and founder of Zaraffa’s coffee and Tonken Property Group – together with Brennan Fielding – Burleigh Brewing’s founder and master brewer – said they wanted to open a pub that honours the traditional German lager brewing process.

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Salvatore Ferragamo goes searching for younger customers on Farfetch

Retail Wire

Salvatore Ferragamo is partnering with Farfetch, the online luxury goods retailer, in a bid to attract younger Millennials and Gen-Z shoppers. “Farfetch is the leading digital platform in luxury fashion and represents the ideal partner to further boost Ferragamo’s omnichannel innovation, fuelling our plans to reach new, younger audiences and accelerate our growth,” said Ferragamo CEO Marco Gobbetti.

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Tasmania’s first new neighbour centre in a decade opens at Glebe Hill

Inside Retail

Property developer Tipalea says construction of its Glebe Hill Village retail centre in metropolitan Hobart is now complete. The centre spans 5900sqm and includes 18 specialty retailers. Anchored by Coles, it has 260 car parks. The first new shopping centre to open in Tasmania in 10 years, the centre features smart technology services such as wireless phone charging, free Wi-Fi, smart bathrooms, smart metering systems, EV chargers and solar panels.

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Warby Parker cuts annual forecast and HQ jobs

Retail Wire

Warby Parker lowered its financial forecast for the year and cut 63 jobs, about 15 percent of its corporate workforce, as it seeks to cut costs. “We are taking a disciplined approach to managing costs to set us up for sustainable growth and profitability,” said CFO Steve Miller.

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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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TikTok Opens Application Period for Support Black Businesses Accelerator

Small Biz Trends

TikTok have announced that they are now accepting applications for the third round of their Support Black Businesses accelerator program. TikTok Support Black Businesses Accelerator Program. The program is designed to elevate the voices of Black-owned businesses on TikTok’s increasingly popular platform through exclusive access to resources , benefits and networking opportunities.

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Networking Demystified: Why Wi-Fi 6E is Hot and Why You Should Care

Cisco Retail

Wi-Fi 6E is here and the worldwide Wi-Fi community is buzzing about it. But why is it a major change? What does it mean for people’s Wi-Fi experience and infrastructure vendors like Cisco? And why are Cisco engineers excited about the opportunities for innovation? Read on to learn about the details of 6E and how this technology transition can enhance your career too.

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Sears Holdings reaches $175M settlement with Lampert and company

Retail Dive

The retailer entered bankruptcy in 2018. It has been stuck there ever since, as the company and its creditors pursued claims of “rank” self-dealing.

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Strikers say Starbucks retaliates against pro-union baristas

Retail Wire

Workers at Starbucks have held 55 different strikes, claiming that the company is retaliating against pro-union employees by cutting hours, firing them and closing stores. Starbucks disputes the assertions. “We currently have strikes happening outside store locations in specific locations in the US. Starbucks has great partners and we value their contributions.

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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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Whole Foods to add Amazon One payment tech to dozens of stores in California

Retail Dive

After rolling out the bio-authentication and payment technology to a handful of stores earlier this year, the grocery chain will add it to 65 locations.

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Groceries got pricier in July

Retail Wire

Grocery inflation remained high in July with consumers paying 13.1 percent more for food at home than they did in the same month last year. Prices were up 1.1 percent compared to June, according to the U.S. Bureau of Labor Statistics.

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Simplifying money movement to open new growth opportunities

Mulesoft

Finger on the Pulse is a series where we explore the major trends shaping business technology. In each post, you’ll learn from our key partners and their perspective on an industry trend through the lens of their unique business. Dive deeper into navigating disruption in the last post, The power of proactivity in a disruptive […]. The post Simplifying money movement to open new growth opportunities first appeared on MuleSoft Blog.

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Gas prices fall below $4

Retail Wire

The average price paid for a gallon of gas fell two cents overnight to $3.99, well below the $5+ peak price in June, according to AAA. “We’ve never seen anything like 2022 at the pump … we’ve seen gas prices behave in ways never witnessed before, jumping from $3 to $5 and now back to $3.99,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

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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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5 Essential Pieces of Kitchen Technology for a Successful Restaurant

Star Miconics

Restaurants are adding new technology like never before, especially in light of the buzz around exciting innovations like AI-enabled ordering, drone deliveries , and ghost kitchens. Investing in the right restaurant technologies can be the key to success for many restaurants, especially multi-location chains. In fact, 71% of food service companies surveyed in North America believe digital transformation is the most important factor towards agility.

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Samsung’s new foldable Galaxy Z phone retails for $1,800

Retail Wire

Samsung is pushing the high-end of smartphones with the introduction of its new Galaxy Z foldable device, which is priced at $1,800. Shipments of ultra-premium phones, devices costing $900 or more, rose more than 20 percent in the first half of 2022.

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Retail Minded Produced TECH TALK Series Debuts at NY NOW

Retail Minded

NY NOW’s Summer Market will open it’s doors August 14-17, 2022, at the Javits Center in NYC. As part of their Summer Market experience, Retail Minded will produce five educational sessions that are complimentary to all registered attendees. A core focus of the conversations will revolve around technology, with a vast range of discussions to take place including consumer influences, economic impact, online marketplaces, social media advertising and marketing, post purchase experiences

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Judge says Walgreens contributed to San Francisco’s opioid crisis

Retail Wire

A federal judge has ruled that Walgreens can be held responsible for contributing to the opioid crisis in San Francisco. U.S. District Judge Charles Breyer wrote in his decision, “Walgreens pharmacies in San Francisco dispensed hundreds of thousands of red flag opioid prescriptions without performing adequate due diligence. Tens of thousands of these prescriptions were written by doctors with suspect prescribing patterns.

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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.