Retail TouchPoints
DECEMBER 21, 2022
Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Easton Town Center has been busy this holiday season, as might be expected at a mall that welcomes nearly 30 million annual visitors.
Inside Retail
DECEMBER 21, 2022
Listed online retailer Kogan has bought Brosa, the collapsed online furniture chain for $1.5 million, just a week after it entered voluntary administration. Michael Korda and Richard Tucker of administrators KordaMentha said Kogan was the successful bidder after more than 30 prospective buyers expressed an interest in the stricken chain. Kogan said Brosa would be relaunched with an expanded range and value and maintain its brand and website.
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Retail TouchPoints
DECEMBER 21, 2022
FedEx is planning to cut an additional $1 billion in costs, citing weak demand that led to a disappointing profit for Q2 2023, which ended Nov. 30. Most of the cuts are expected to impact the Express unit through measures including fewer flights. The reductions will add to cost-cutting measures announced in September to bring FedEx’s total fiscal savings plan for 2023 to $3.7 billion.
Inside Retail
DECEMBER 21, 2022
Colette by Colette Hayman has bought luxury online accessories brand The Daily Edited after a three-month search for a buyer. The company was placed in liquidation after company members voted in favour of winding the business up on September 30, following a tumultuous three years in its history, sparked by a high-profile dispute between co-founders Alyce Tran and Tania Liu.
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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.
Retail TouchPoints
DECEMBER 21, 2022
The settlement process for the various lawsuits brought by states, local governments and tribes over retailers’ alleged mishandling of opioid prescriptions is moving forward. Walmart has reached settlement agreements with all 50 states, exceeding the 43 states required to join the $3.1 billion settlement framework by Dec. 15. The agreements include four states that previously settled with Walmart in addition to the District of Columbia, Puerto Rico and three other U.S. territories.
Tokinomo
DECEMBER 21, 2022
Are you looking for ways to prepare for the challenges of the retail industry in 2023? We've compiled a list of the best resources for retail professionals, including blogs, podcasts, books, and guides to help you stay up-to-date on the latest trends.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Wire
DECEMBER 21, 2022
A “pre-Christmas blizzard” is expected to play havoc with travel plans, shopping and holiday parties this Thursday across regions of the Central and Northern Plains, Upper Midwest and Great Lakes. Forecasters are warning the public of possible “bomb cyclone conditions,” along with frigid temps and high winds. Rain and heavy winds will likely hamper activities in the Northeast as well on Friday.
Retail TouchPoints
DECEMBER 21, 2022
The Securities and Exchange Commission has warned Party City that the company is at risk of being delisted by the New York Stock Exchange due to its failure to maintain an average $1 per share stock price over a 30-day period. The retailer has six months to regain compliance, which can be accomplished by maintaining a minimum average $1 share price over a 30-day period.
Retail Wire
DECEMBER 21, 2022
Big box chains, from Kohl’s to Bed, Bath and Beyond, have a lot on the line this holiday season but, based on its sheer size and market influence, Target may represent the biggest case of a retailer that desperately needs a win. Target isn’t pulling any punches when it comes to its in-store merchandising and displays. Shoppers are seeing low-priced gift recommendations displayed every few yards throughout the store, topped with bigger price signs.
365 Retail
DECEMBER 21, 2022
Rising inflation, supply chain disruptions, and a rocky economic outlook for 2023 may have retailers feeling spooked this year, especially as companies are still recovering from the pandemic. . But there is plenty of opportunity for brands to use technology to innovate and thrive in the new year. Here’s an overview of the most important trends every retailer needs to pay attention to in 2023.
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.
Retail Wire
DECEMBER 21, 2022
Fedex’s second-quarter results revealed lower package volumes, pointing to weak demand from China, in particular. However, thanks in part to gasoline surcharges, the company was able to continue turning a profit, sending shares higher in trading yesterday. As for domestic sales, management is waiting for consumers to start gearing up again after indulging during the pandemic.
365 Retail
DECEMBER 21, 2022
As the labour market continues to evolve, employers and job seekers alike need to understand the importance of digital presence and its role in the overall job search experience. With the rise of digital resources such as Gowork.com, employers now have an opportunity to build their image and improve their ratings more than ever before. What is GoWork?
Retail Wire
DECEMBER 21, 2022
The maker of Scotch tape and Post-It notes has decided that the writing is on the wall when it comes to the use of per- and polyfluoroalkyl substances (PFAS) in manufacturing. Recently, the EPS has proposed banning PSAS as hazardous materials and lawsuits are targeting manufacturers in order to recoup cleanup costs. “While PFAS can be safely made and used, we also see an opportunity to lead in a rapidly evolving external regulatory and business landscape to make the greatest impact for those we
Retail Dive
DECEMBER 21, 2022
Department stores and other retailers dependent on clothing sales face a gloomy 2023 and may shutter more locations, according to the analysts.
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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.
Retail Wire
DECEMBER 21, 2022
Workers at many unionized Starbucks locations around the country took to picket lines beginning last Friday for a three-day strike, flexing their muscles and drawing attention to what they say are unfair unilateral decisions made management without consulting workers. “They’re changing our store hours from 5:00 a.m. to 8:00 p.m. to 6:00 a.m. to 6:00 p.m.,” said Regahan Hall, Starbucks Supervisor at a Memphis café. “So, they’re cutting down our hours like our store hours in general wi
Hunton Andrews Kurth
DECEMBER 21, 2022
The FTC has just announced a release of updated “Health Products Compliance Guidance” to help advertisers ensure that claims about the benefits and safety of health-related products are truthful, not misleading, and supported by science. Last tackled in 1998 and styled as a Dietary Supplements Advertising guide for dietary supplements, the new guidance document covers a broad spectrum of products including foods, over-the-counter drugs, homeopathic products, health equipment, diagnostic tests an
Retail Wire
DECEMBER 21, 2022
At a hearing in San Jose, CA, seeking to determine if the Federal Trade Commission will block Meta’s purchase of a virtual reality (VR) fitness game startup, Mark Zuckerberg, Meta’s CEO, admitted that yes, his company is “trying to shape the future of technology.” Given that the VR market is still in its infancy, such a move by the FTC would seem to set a new precedent in preventing Meta from cornering a market that has not yet taken hold.
Retail Dive
DECEMBER 21, 2022
Learning from larger chains facing inventory issues, small and midsize businesses are working to better predict what they need.
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
Retail Wire
DECEMBER 21, 2022
Retailers that cater to discount-conscious consumers are thriving, and so chains like Five Below Inc. and TJX Cos. are making hay while the sun shines, opening about 100 new stores each by the end of this fiscal year, according to Coresight Research. No other retail sector, however, is experiencing a growth surge like big dollar store chains, which are leveraging the ability to serve exurb areas around the country.
Retail Dive
DECEMBER 21, 2022
The company has worked with Foot Locker CEO Mary Dillon, in addition to other wholesale partners, as it plans its channel strategy.
VMS
DECEMBER 21, 2022
Help VMSD magazine deck the pages of its January/February 2022 “Look Book” issue with holiday window displays! Each year, we feature a range of holiday themed windows from around the world in our recap, to be featured in print and online. And there’s still time to submit! We’ve extended the deadline to January 3, 2023. For more information, or to submit your display, click here.
Retail Dive
DECEMBER 21, 2022
The e-commerce giant has faced various safety complaints over the years, and an investigation at six warehouses in five states is ongoing.
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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.
VMS
DECEMBER 21, 2022
Heading into 2023, the growth plans at Nordstrom (Seattle) are focused solely on its Nordstrom Rack off-price division. The retailer plans to open six new Racks in the coming year, bringing the total to about 260 in the U.S. and Canada, but its department store stable is currently projected to remain unchanged, at 100 in the two countries. Nordstrom says the Rack unit “plays a critical role in the company’s ‘Closer to You’ strategy, which focuses on delivering customers a more convenient a
Shopping Center
DECEMBER 21, 2022
Lahaina, Hawaii — JLL Capital Markets has arranged the sale of Lahaina Gateway, a retail center comprising 135,996 square feet in the West Maui community of Lahaina. U.S. Realty Partners Inc. acquired the property for $37.3 million. Bryan Ley, Gleb… The post JLL Arranges $37.3 Million Sale of Western Maui Shopping Center appeared first on Shopping Center Business.
Retail Dive
DECEMBER 21, 2022
Consumers choose online shopping for more product options and will switch brands or retailers to save money.
365 Retail
DECEMBER 21, 2022
Record numbers of goods were returned by customers after this year’s Black Friday. In fact, the total number of returns for November 2021 in its entirety were already hit by Black Friday 2022. The spike has no doubt been influenced by the huge shift to online shopping, fuelled by high rates of physical store closures in the last two years. However, it’s not down to this alone, there are a number of other factors driving the trend.
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
Retail Dive
DECEMBER 21, 2022
The notice comes just six months after the company’s shares began trading on the New York Stock Exchange.
365 Retail
DECEMBER 21, 2022
Once again, we find ourselves amidst the festive season, with retail spaces battling it out for all-important consumer attention. Operating in a highly saturated market, retail owners are having to explore unique ways to draw in customers, with AV displays being a core way to elevate spaces and capitalise on a customer’s initial interest. For instance, high brightness window screens are an essential way to draw shoppers’ attention and raise footfall.
Shopping Center
DECEMBER 21, 2022
Tucson, Ariz. — SRS Real Estate Partners has arranged the sale of Silverbell Plaza, a shopping center located in Tucson. An Arizona-based private investor sold the property to a Washington-based private investor in a 1031 exchange for $22 million. Situated… The post SRS Real Estate Brokers $22 Million Sale of Silverbell Plaza Retail Center in Tucson, Arizona appeared first on Shopping Center Business.
365 Retail
DECEMBER 21, 2022
Fran Chuan, CEO and co-creator of Culture Innovation Assessment Platform, InnoQuotient is confirmed as the second keynote speaker at Integrated Systems Europe (ISE) – the world-leading AV and systems integration show, Fira Barcelona Gran Via, 31 Jan – 3 Feb 2023. . Taking place at 5.15pm on Thursday 2 February, in Conference Suite CC4.1, Fran’s keynote, entitled ‘How innovative is the AV industry?
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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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