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.
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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.
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.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
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
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.
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.
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.
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
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 Dive
MARCH 20, 2023
As the retailer looks to simplify its business, CEO Mary Dillon also said the company is “revitalizing” its Nike partnership.
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.
A1 Retail
MARCH 20, 2023
Victoria Place, the most significant regeneration initiative in Woking town centre for a decade, is set to be the home of hmv’s newest store. The British music and entertainment retailer is to make a welcome return to the destination in March in a 3,982 sq ft store at 46-47 Jubilee Mall in Peacocks, which was recently acquired by Arora. The announcement marks an important milestone for Victoria Place as the initiative approaches one year since its official launch, since which it has welcomed a
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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
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.
A1 Retail
MARCH 20, 2023
As part of Central Co-op’s purpose of creating a sustainable Society for all, the Society is marking Neurodiversity Week by announcing a trial of Quiet Hours in four of its major stores: Boley Park, Lichfield, Staffordshire Burton Road, Littleover, Derbyshire Quorn, Loughborough, Leicestershire Anson Road, Loughborough, Leicestershire These Quiet Hours will run every Monday between 10am and 11am, starting this month.
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.
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.
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
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 Times
MARCH 20, 2023
With Ramadan beginning on the evening of March 22nd and ending on April 21st, many will be preparing for a month of fasting. When the sun sets, dates are a popular option. The fruit is high in sugar and can provide fasters with a quick energy boost after a day of no eating.
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.
Hunton Andrews Kurth
MARCH 20, 2023
On March 16, 2023, the Federal Trade Commission announced it issued orders to eight social media and video streaming platforms seeking Special Reports on how the platforms review and monitor commercial advertising to detect, prevent and reduce deceptive advertisements, including those related to fraudulent healthcare products, financial scams and the sale of fake goods.
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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.
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.
Shopping Center
MARCH 20, 2023
Charlotte, N.C. — Two tenants have signed leases at Oakhurst Commons, a 135,000-square-foot adaptive reuse project currently underway in Charlotte. Massage studio Mood House will lease 3,000 square feet, marking the brand’s second Charlotte location. Additionally, Pop the Top Craft… The post Massage Studio, Brewery Sign Leases Totaling 5,000 Square Feet at Oakhurst Commons in Charlotte appeared first on Shopping Center Business.
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 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.
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
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.
Independent Retailer
MARCH 20, 2023
A big trend among some online sellers is buying Amazon return pallets and overstock and flipping the items for big markups. Here’s a full run-down to help you get started. What are Amazon Return Pallets? Why Would You Want Amazon Return Pallets? What is the Process? What Do You Need to Buy a Pallet? Where to Buy Pallets What is the best time to buy Amazon return pallets?
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.
365 Retail
MARCH 20, 2023
Just Eat and Iceland has announced a new partnership that will enable customers to purchase a range of affordable, good quality food products for delivery to their homes. Initially, the partnership will launch in over 200 Iceland sites, with more than 5,000 products available for customers in locations including London, Manchester, Belfast and Leeds.
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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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