Retail Focus
MARCH 20, 2023
Selfridges has unveiled its latest installation, “Elton John at The Selfridges Corner Shop”, which aims to transform the retail space into a glittering reimagining of the iconic performer’s world. Customers are invited to explore Elton’s archive and shop for limited-edition fashion, accessories and lifestyle collaborations in-store and online.
Retail TouchPoints
MARCH 20, 2023
Dollar General will invest nearly $100 million to increase labor hours for its more than 170,000 store employees in 2023 to enable “consistent store standards while further enhancing the associate and customer experience,” said CEO Jeffrey Owen on the company’s fiscal year 2022 earnings call. The move comes as retailers continue to struggle to attract and retain store talent, leading to a wave of “labor hoarding,” primarily in the form of wage hikes, by the country’s largest retailers, including
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Inside Retail
MARCH 20, 2023
Following its launch in Australia in 2016, Danish retail group Bestseller has firmly entrenched its presence in the retail market, with the company making strides in its sustainability and circularity initiatives. The group’s portfolio includes brands such as Jack & Jones, Only, Vero Moda and Name it, which are featured in over 3,000 branded Bestseller retail stores across 32 countries globally.
Retail TouchPoints
MARCH 20, 2023
One of the major challenges faced by the cannabis industry is limitations on its ability to advertise, due to a combination of state and federal regulations as well as platform-specific rules. Key channels where cannabis brands have had to work around tight restrictions include social media, where the major players have specific rules about the kind of content that can be shared — and in most cases have banned paid content in this category altogether.
Speaker: Jason Cottrell and Gireesh Sahukar
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Wiser
MARCH 20, 2023
Data is one of the hottest commodities in the business world. For retailers, this is especially true when it comes to pricing data. Having thorough, up-to-date intel can set one brand apart from the rest and allow them to make important decisions that get a leg up on the competition. Pricing data can be gathered from a multitude of different web locations—competitor websites, social media, Google ads, etc.
Retail TouchPoints
MARCH 20, 2023
Bed Bath & Beyond is seeking shareholder approval for a reverse stock split in order to bolster its share price and “enable us to continue rebuilding liquidity to execute our turnaround plans and better position the company financially,” according to President and CEO Sue Gove. However, the news, which was released March 17, caused Bed Bath & Beyond’s share price to drop approximately 17% as of March 20.
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Retail TouchPoints
MARCH 20, 2023
Laxman Narasimhan has officially begun his tenure as CEO of Starbucks following a five-month immersion during which he worked with employees in 30 stores, manufacturing plants and support centers around the world, earning his barista certification along the way. Narasimhan replaces former Starbucks CEO Howard Schultz, who had been acting as Interim CEO since April 2022.
Inside Retail
MARCH 20, 2023
Earlier this year, Shopee released its annual consumer trends report with insights about the way online shopping behaviour has changed across its five key markets in Southeast Asia, namely Singapore, Malaysia, Indonesia, Vietnam and the Philippines. “Even though we have emerged from the pandemic, it has changed the way many of us live, interact and work.
Retail TouchPoints
MARCH 20, 2023
Monolithic, all-in-one ecommerce platforms try to play jack-of-all-trades and as a result often struggle in at least one area. Maybe there’s no native subscription engine, for example, or the CMS is painfully slow. No matter the problem, there’s a clear business impact: middling performance that stunts innovation and drives customers away. Enter composable commerce.
Inside Retail
MARCH 20, 2023
International ‘off-price’ apparel retailer TK Maxx is set to open its first WA store in Perth’s Ocean Keys Shopping Centre in Clarkson. The flagship store will sell a range of womenswear, menswear, children’s fashion, toys, shoes, accessories and homewares products from big brands at discount prices. A TK Maxx Australia spokesperson told The West Australian it plans to open more stores in Perth during the coming years.
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AI agents already analyze trends, draft content, and trigger actions across leading commerce platforms. Yet most organizations still rely on workflows built for human‑only teams, losing speed, margin, and customer loyalty. Humans + Agents: Rethinking Enterprise Commerce in the Age of AI Collaboration shows how to close that gap. In one concise read you’ll see where agent gains surface first, how early adopters prove ROI, and which lean controls keep innovation moving without risking data or bran
Retail Wire
MARCH 20, 2023
Store associates and managers were hopeful that Harmon Face Values would be sold or otherwise spared from the tumult that has engulfed Bed Bath & Beyond. That was not the case as all the chain’s stores were closed, leaving workers to figure out where they go next.
Retail Dive
MARCH 20, 2023
Founded in 2020, the metaverse fashion company sells its digital clothing on marketplace platforms like Roblox, Meta and others.
Retail Wire
MARCH 20, 2023
Low-income workers find they are better off financially staying home to care for their kids than going to work to pay for childcare they can not afford. A Census Bureau survey from February found 4.9 million people missed work to care for kids who were not in daycare.
RETAIL MANAGEMENT SOFTWARE
MARCH 20, 2023
In 2023, supply chains must adjust to the dramatic changes in consumer demand, congested ports, and chaotic distribution centers. This means that the retail supply chain and supporting logistics must adapt to these volatile market conditions. The retail supply chain must be agile and flexible to provide end-to-end visibility and serve customers with an omnichannel approach.
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Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
Retail Wire
MARCH 20, 2023
Laxman Narasimhan got started a couple of weeks early in his tenure as CEO of Starbucks. Mr. Narasimhan, named incoming CEO in September, was expected to begin in April. Starbucks’ new CEO has spent the past five months learning about the company’s operations and its strategy for growth.
Retail Dive
MARCH 20, 2023
Learn how fashion retailers are transforming the customer experience.
Intelligence Node
MARCH 20, 2023
Retail has changed staggeringly in the last decade. More so, with the pandemic disrupting normalcy and retailers having to adapt to a remote, digital-first approach to keep businesses afloat. This. The post The Old World Vs the New World – Retail Evolution Through the Digital Decade appeared first on Blog.
Retail Dive
MARCH 20, 2023
The move is the distressed retailer’s latest tactic to "generate greater investor interest in the company.
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Retail Wire
MARCH 20, 2023
Bed Bath & Beyond is seeking shareholder approval for a reverse stock split. The retailer is looking for the okay on a split in the one-for-five to one-for-ten range with the company’s board making the final determination.
Retail Dive
MARCH 20, 2023
Wooing sellers may have downsides for shoppers, and the e-commerce giant may want to boost its Prime fee earlier than planned, analysts say.
Retail Wire
MARCH 20, 2023
Five Below, as its name suggests, has become wildly popular with kids selling merchandise priced at $5 or less. The chain, in recent years, has looked to drive purchases of products above $5 with its Five Beyond store-within-a-store concept. The new merchandising approach has proven successful and Five Below is expanding it to more locations.
Retail Dive
MARCH 20, 2023
The concept, dubbed the NBSE, features exclusive New Balance footwear and will serve as a gathering place for community events.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Retail Wire
MARCH 20, 2023
Artificial Intelligence tools promise to help take over the grunt work from humans and provide them with the information they need to be more productive in their jobs. Many caution that the technology is still developing and will take time to reach its potential. Open AI CEO Sam Altman, the company behind CHatGPT, said systems like the one offered by his company appear “more impressive on first use than it does after you spend more time with it.
Retail Dive
MARCH 20, 2023
The beauty brand will sell between 40 and 70 products at select store locations and through the retailer’s website.
Retail Wire
MARCH 20, 2023
Interest in senior discounts is growing, particularly among older people on fixed incomes. Reviewer mentions of “senior discount” increased 36 percent in 2022, according to Yelp.
Retail Dive
MARCH 20, 2023
As the omnichannel market rapidly evolves, the need for automation grows.
Advertiser: ZoomInfo
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Retail Wire
MARCH 20, 2023
Retailers and law enforcement agree that organized retail theft is a significant problem. How big a problem remains in question as there are currently no independent means to verify industry reports. Home Depot says theft increased in the double digits over the past year. Walgreens said it might have “cried too much” when talking about theft last year.
Retail Dive
MARCH 20, 2023
The downsizing is centered on the e-commerce giant's profit center, AWS, as well as Twitch, advertising and its people, experience and technology teams.
Shopping Center
MARCH 20, 2023
Ontario, Calif. — SRS Real Estate Partners’ Investment Properties Group has brokered the $54 million sale of New Haven Marketplace in Ontario. Built in 2020, the shopping center totals 95,000 square feet. Stater Bros. anchors the property, which was fully… The post SRS Brokers $54 Million Sale of Shopping Center in Southern California appeared first on Shopping Center Business.
Retail Dive
MARCH 20, 2023
In exchange for store credit, consumers can return Hydro Flask bottles that will be disassembled to recycle as much of the material as possible.
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