Fri.Oct 28, 2022

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Amazon Shares Fall Due to Weak Holiday Outlook, Overall Tech Stock Malaise

Retail TouchPoints

Economic uncertainty is proving to be a hindrance to even the largest retailers. Amazon has posted projected growth ranging from 2% to 8% for Q4 2022, and the disappointing numbers caused its share price to drop more than 10% as of the morning of Oct. 28. The ecommerce giant’s modest outlook added to the general downturn other tech titans like Meta and Microsoft are experiencing, though Apple ’s outlook was a bit cheerier.

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Amazon shares tumble after weak Christmas trading outlook

Inside Retail

Amazon on Thursday forecast a slowdown in sales growth for the holiday season, disappointing Wall Street and warning that inflation-wary consumers and businesses had less money to spend. Amazon’s 12 per cent extended-trade stock drop erased about $140 billion in its market capitalisation, greater than the entire value of companies such as Morgan Stanley, Netflix and Lockheed Martin.

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Walmart’s New In-Store Netflix Hubs Aim to Create Modern-Day Blockbuster Experience

Retail TouchPoints

At the start of the holiday season last year, Walmart launched an online Netflix storefront featuring exclusive products and experiences from the streamer’s most popular franchises. Now, Walmart is bringing the digital Netflix Hub to more than 2,400 real-world locations. The new dedicated store section will feature music, apparel, collectibles, games and seasonal items from top shows and films, including Stranger Things , Squid Game , The Witcher , Guillermo del Toro’s Pinocchio and Glass Onion:

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Ardent UK expands portfolio with acquisition of The Royal Exchange in the City of London

Retail Focus

The Ardent Companies UK (“Ardent UK”), the acquisitive subsidiary of US-based real estate investment and asset management firm The Ardent Companies, has completed its acquisition of the retail element of The Royal Exchange in the City of London from Oxford Properties. The Royal Exchange, located opposite the Bank of England between Threadneedle Street and Cornhill, is the City’s leading luxury retail destination.

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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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Amazon Launches Luxury Accessories Resale with WGACA Partnership

Retail TouchPoints

Amazon has expanded its luxury presence by partnering with What Goes Around Comes Around , the trusted reseller of authenticated high-end vintage. Through the partnership, a dedicated WGACA section showcasing vintage luxury accessories and bags is featured on Amazon’s site. The move is an expansion of Amazon’s Luxury Stores experience, which the ecommerce giant introduced in 2020, and reflects the continued momentum of luxury resale.

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Shein moves closer to becoming the world’s top fast-fashion retailer

Retail Wire

Shein’s global sales are forecast to reach $24 billion this year, moving the Singapore-based company past H&M and closer to Zara as the top-selling fast-fashion retailer.

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New NYC law requires employers to post salary ranges in help wanted ads

Retail Wire

A new law in New York City will require companies with four or more employees to post salary ranges for jobs they are looking to fill, including those that are 100 percent remote or involve a hybrid schedule. New York is among a growing number of places in the U.S. that require salary transparency. Colorado has a law on the books and California and Washington will put theirs into effect next year.

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Two WA shopping centres up for sale

Inside Retail

Margaret River Shopping Centre and Busselton Boulevard Shopping Centre in Western Australia have been put for sale for the first time in 10 years. On behalf of the vendor, a private family that has owned the centres since 2011, James Douglas of CBRE and Craig Butler of VPG Property will oversee the sale process. The two locations, which are south of Perth in popular tourist areas in Western Australia, are retail centres with Coles as their anchor.

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Hobby Lobby founder is giving his company away

Retail Wire

Hobby Lobby founder David Green wrote in an op-ed that he plans to give his company away. “As an owner, there are certain rights and responsibilities, including the right to sell the company and keep the profits for yourself and your family,” he wrote. “As our company grew, that idea began to bother me more and more. Well-meaning attorneys and accountants advised me to simply pass ownership down to my children and grandchildren.

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National Veterans Small Business Week is Almost Here

Small Biz Trends

The U.S. Small Business Administration (SBA) has announced some planned events to celebrate the upcoming National Veterans Small Business Week (NVSBW) from October 31 to November 4. National Veterans Small Business Week is Almost Here. The plans include a series of virtual and in-person events highlighting the entrepreneurial spirit and resilience of veteran small business owners in the United States.

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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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Home Depot’s nine-foot-plus werewolf is the scream dream of Halloween 2022

Retail Wire

Home Depot’s 12-foot tall skeleton popped up on lawns all across the country before Halloween 2021. This year, Americans are making room for a 9.5-foot tall animatronic werewolf that has glowing eyes and lets out a howl.

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What You Need to Know When Hiring Seasonal Employees

Small Biz Trends

This is the season for engaging extra help to handle anticipated holidays sales. Big retailers, such as Walmart and Macy’s, announced their holiday hiring plans — down from 2021 but still significant numbers. Other companies, due to the nature of their business (e.g., ski resorts; amusement parks), may use seasonal workers as their core staffing solution.

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Climate change is decimating popular seafood species

Retail Wire

Fishing regulators and fishermen are coming face-to-face with the possibility that several important seafood species may have been pushed to the point of no return due to climate change. Species including Alaskan snow crabs, Chinook salmon, flounder, Northern shrimp, red king crabs and soft-shell crabs are at risk.

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12 Best Apps for Etsy

Small Biz Trends

What’s the best Etsy app? It depends on what you need! Check out our list of the 12 best Etsy apps, and find out which one is perfect for your shop. Whether you need to track inventory, manage your Etsy account orders, or create marketing materials, we’ve got you covered. Let’s dive in! What Is an Etsy Seller App? Etsy Seller apps are a collection of tools that allow sellers to manage their Etsy business.

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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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Bed Bath & Beyond may have suffered a data breach

Retail Wire

Bed Bath & Beyond said it is following up on a possible data breach that may have happened as a result of a phishing scam. The retailer said it was reviewing data to determine if any important corporate or customer information had been compromised. Bed Bath & Beyond doesn’t think sensitive data was accessed.

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The Best Flash Drive Options for Small Businesses

Small Biz Trends

Transferring large files to a flash drive is a huge convenience. It allows small businesses to be more efficient in an increasingly mobile ecosystem. And as the storage price continues to fall, it is affordable and convenient to carry large amounts of storage in a small form factor. The best flash drive for a small business in this list provides plenty of storage with the latest transfer speed specifications.

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Restaurants cut operating hours

Retail Wire

Fifty-nine percent of restaurants have shorter operating hours now than they did in October 2019, according to a new report from Dataessential. Restaurants have cut their weekly operating hours by an average of 7.5 percent to 6.4 hours on average.

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Learn How to Build a Team and Foster Collaboration This November

Small Biz Trends

Building a team is often one of the most important elements of creating a successful business. There are many challenges that come with team building, especially in 2022. But it’s worth taking the extra steps to intentionally create a cohesive unit. In fact, team building isn’t just about hiring new employees. Once you’ve onboarded new workers, it’s time to focus on making those team members successful.

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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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The ‘American Dream’ appears out of reach for today’s kids

Retail Wire

A new Gallup poll finds that only 42 percent of U.S. adults believe that kids today will do better economically than their parents. That’s a drop of 18 percent since June 2019. “Americans have as little optimism as they have had at any time in nearly three decades about young people’s chances of having greater material success in life than their parents,” said Gallup in a statement.

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Amazon CEO Andy Jassy’s comments on unions run afoul of labor laws, federal agency says

Retail Dive

The e-commerce giant defended his assertion, that joining a union would disadvantage employees, as a lawful explanation of the company’s views.

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What Is Batch Processing? Steps for Decoding Batch Block Size

Mulesoft

MuleSoft provides a batch job scope for processing messages in batches. This component is being used for various extract, transform, and load (ETL) processes. We’ll help you learn how to define batch processing, batch block size, and discover what happens to batches when they move between batch steps. What is batch processing? Batch processing is […].

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Peloton CEO Barry McCarthy offered $168M for the job

Retail Dive

Including $167 million in vested stock options, the executive’s pay is 2,299 times the median salary of the company’s employees.

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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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How Ireland Used API-led Integration to Accelerate Its COVID-19 Vaccination Program

Mulesoft

When Ireland recorded its first case of COVID-19 in February 2020, the Health Service Executive’s (HSE) IT team knew they had to move swiftly to protect lives. However, like most other national health services around the world, HSE found itself in unknown territory overnight. With the pandemic building pace and government advice changing regularly, it […].

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Bed Bath & Beyond files to sell more stock

Retail Dive

Following the sale of 12 million shares earlier this year, the struggling retailer filed paperwork to sell an additional $150 million worth of shares.

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Boost Engagement At Your Meetings: A Little Less Conversation, a Little More Action

LS Retail

©iStock/HodagMedia Opening meetings with free-form questions that participants can answer on their phones or laptops can ignite people’s curiosity and boost engagement. Do it Elvis style: “A little less conversation, a little more action,” Elvis Presley sang in a 1968 hit. Learn how to turn your meetings into jam sessions bursting with ideas and action oriented plans.

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Amazon warns that profits could vanish in Q4

Retail Dive

The e-commerce giant may be shifting to a more cautious approach in order to maintain profitable growth.

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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 to Calculate Wholesale Prices & Profit Margins

Independent Retailer

When you first start your wholesale business, it can be tricky to find the right price to sell your merchandise. If you are too expensive, you risk losing to your competitors, but if you are too cheap, you risk not making a profit. In order to calculate the best price, it requires a little math and a little research in your industry. In this article, we will walk you through a few of those formulas as well as some steps you can take to create successful pricing strategies and profit margins.

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Nearly half of retailers are converting cash registers to self-checkouts: report

Retail Dive

Retailers are investing more in technology as consumers seek faster checkout options, a Zebra Technologies report found.

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Measure the performance of offline campaigns in Retail Media

Shopper Motion

Retail Media has become essential in the current advertising environment. Retail Media Networks allow brands and retailers to connect with their customers through the power of data and personalization , customizing their message and impacting customers when they are in the mindset of shopping. There isn’t a better time to promote a brand than when the customer is on a retail site, ready to buy a product.

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UPS and FedEx rate increases are coming. Here’s how shippers can prepare.

Retail Dive

Experts note that shipping rates are negotiable, but how amenable the delivery giants will be to concessions is up for debate.

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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