Tokinomo
AUGUST 30, 2023
The first leaf of fall hasn’t even touched the ground and we are discussing winter holiday trends? Of course! We believe that it is crucial to prepare for the holiday season ahead of time if you wish to attract customers and increase sales.
Inside Retail
AUGUST 30, 2023
American apparel brands Ann Taylor, Loft, and Talbots have merged into a new group, Knitwell. Combined, these companies generate more than US$3 billion in annual sales. Steering this new venture, Lizanne Kindler, Talbots’s current CEO has been appointed executive chair and CEO of KnitWell Group. She will be supported by a team of executives within the office of the executive chair.
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Retail TouchPoints
AUGUST 30, 2023
In a first-ever partnership between two retail icons, Macy’s will carry an exclusive collection of sleepwear, underwear and intimates for men and women from Gap. The assortment, which will feature exclusive designs and colorways priced from $12.50 to $79.95 online, will be available online, on the Macy’s mobile app and at select stores nationwide. “This launch is an opportunity to amplify the Gap brand and deliver must-have essentials in comfortable, breathable fabrics to men and women across th
Inside Retail
AUGUST 30, 2023
Electronics and furniture retailer Harvey Norman Holdings says its profits declined in FY23 due to increasing cost pressures and softening demand. The company, which owns and operates the Harvey Norman, Domayne and Joyce Mayne brands, reported total system sales revenue of $9.193 billion with EBITDA of $1.13 billion and tax-paid profit of $539.52 million, down 33.5 per cent for the year to June 30.
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.
Retail TouchPoints
AUGUST 30, 2023
Retailer-owned cooperative Ace Hardware has opened more than 100 new stores this year and plans to push the total to 170 by the end of 2023. This rapid expansion pace follows last year’s impressive numbers: by August 2022 the retailer had added more than 100 stores, with plans for an additional 60 by that year’s end. Globally, Ace has opened more than 1,100 stores over the past five years and now operates 5,800 locations in approximately 60 countries.
Inside Retail
AUGUST 30, 2023
The fashion industry has long found itself in a race to be the fastest. But increasingly, next-day and same-day delivery are being pushed to move at a rapid pace. The latest brand to capitalise on this trend is luxury fashion house Incu, which, in a partnership with Uber Direct, can now deliver its products to customers in under two hours. The offer is, so far, restricted to delivery within select areas of Sydney and Melbourne: being sourced from the business’ Sydney Galeries and Melbourne CBD a
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Wire
AUGUST 30, 2023
Amazon is testing a new minimum order requirement for free shipping, asking some non-Prime customers to spend at least $35 instead of the previous $25. The change is seen as a move to encourage users to consider subscribing to Amazon Prime, especially with the upcoming holiday shopping season and Amazon’s second Prime Day of the.
Retail TouchPoints
AUGUST 30, 2023
High-end furniture retailer Mitchell Gold + Bob Williams has abruptly shut down and laid off more than 500 employees in North Carolina, multiple sources report. In a notice to employees, interim CEO Chris Moye cited weak sales and unexpected trouble securing financing as the reason for the closure. “Mitchell Gold + Bob Williams has recently and unexpectedly learned that we are unable to continue business operations,” read a letter from Moye taped to the door of the company’s factory in Taylorsvi
Inside Retail
AUGUST 30, 2023
The governance group that oversees the Casual Mall Licensing Code of Practice, which sets the rules and expectations for ‘pop-up’ shops in shopping centres, has released fact sheets related to the code written in Arabic, Hindi, Simplified Chinese, and Vietnamese, as part of its efforts to make the code more accessible to non-English retailers. The Code was originally promulgated to ensure that the interests of existing tenants are protected while stimulating innovation and providing short-term b
Retail TouchPoints
AUGUST 30, 2023
In today’s challenging business landscape, where profit margins are shrinking, supply chains are slow and uncertain, labor shortages are prevalent and inflation is a concern, it is crucial for retailers and brands to differentiate between understanding customer habits and fostering customer loyalty in order to succeed. Many retailers struggle to cultivate genuine engagement that builds lasting relationships and delivers frictionless customer experiences.
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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.
Inside Retail
AUGUST 30, 2023
Continuing its rapid expansion across the country, street food chain Fishbowl has innovated its product offering as part of a new push to bring value-conscious customers in during a cost of living crisis. The brand – which has positioned itself as a healthy, QSR option – has opened seven new locations across just Queensland over the last 12 months, with its newest, Surfers Paradise store opening this month.
Retail Focus
AUGUST 30, 2023
Everyone loves a good sale. Why pay full price when you can save a few pounds? Leasing a car should be no different, and finding a good sale on your next car lease would be easy, right? Let’s delve into the world of car leasing as we look at what makes a good car leasing discount and what you need to know before you sign on the dotted line. This is how to rev up your options (pun intended) with car leasing discounts.
Inside Retail
AUGUST 30, 2023
Debra Galle, GM of Coles Supermarkets’ non-food business unit, has won a scholarship to attend Harvard Business School in an initiative launched by the Australian Retailers Association (ARA) and Chief Executive Women (CEW). The ARA Women Leaders in Retail CEW Scholarship, in its second year, supports female retail leaders looking to advance their careers.
Wiser
AUGUST 30, 2023
Understanding and managing your brand equity is a powerful strategy for businesses in today’s competitive market landscape. Brand equity refers to the value of your brand in the minds of your consumers, and it’s a key asset that can drive your business’s growth and profitability. Building strong brand equity requires thoughtful planning and strategic execution.
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.
Cisco Retail
AUGUST 30, 2023
Co-authored by Carlos Rojas and David Gutshall. Manufacturing was front and center at Cisco Live US 2023, with several of the world’s leading manufacturers coming together to share experiences and discuss technology trends, challenges, and innovations. For example, Dr. Henning Löser, Head of the Audi Production Lab at Audi AG, joined the Cisco team for an Innovation Talk and Cube interview about the convergence of information technology (IT) and operational technology (OT).
Retail Gazette
AUGUST 30, 2023
Wilko is set to announce job losses tomorrow after an offer to buy the entire business failed to “pass basic checks”, according to the GMB union. The GMB met with PwC this morning and was told that redundancy plans could be “restarted” and the future of any jobs at the retailer could not currently be guaranteed. It said: “In the meeting they advised that the company were still actively assessing a number of bids.
Retail Wire
AUGUST 30, 2023
Mitchell & Ness, a vintage sports apparel brand known for its throwback jerseys, has appointed former Nike executive Eli Kumekpor as its new CEO. The brand, which was acquired by Fanatics in 2022, specializes in retro and nostalgic sports apparel collections. Kumekpor, who has experience with Nike’s Jordan Brand, aims to leverage both vintage aesthetics.
Retail Gazette
AUGUST 30, 2023
Tesco will slash prices on over 50 products, claiming parents are set to see “some of the biggest benefits” The supermarket is cutting the price of some Pampers nappies by 16% and slashing costs across a range of branded and own-brand baby products, including Johnson’s Baby Shampoo and Florence and Fred Cotton buds. While the retail giant is reducing the prices of almost 60 items in its larger stores, a quarter of these will affect the baby aisle.
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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
AUGUST 30, 2023
The furniture retail industry, which experienced a boom during the pandemic, is now facing a decline in sales as consumers have spent most of their pandemic savings and faced increased credit card debt. Furniture retailers like Mitchell Gold + Bob Williams, Klaussner Home Furnishings, and United Furniture Industries have closed down. To adapt to the.
Retail Gazette
AUGUST 30, 2023
John Lewis has opened its online Christmas shop as searches for festive products more than doubled over the summer compared to last year. The high street retailer said customers were already seeking inspiration online with a particular focus on value, as searches for ‘Christmas offers’ increased 25-fold. It added that searches for artificial trees have doubled year-on-year, along with a 250% surge in enquiries for stockings and 133% increase for holiday jumpers.
Retail Wire
AUGUST 30, 2023
Best Buy’s CEO, Corie Barry, has stated that the current year will likely mark the low point in tech demand after experiencing two years of sales declines. This downturn follows a surge in tech purchases during the pandemic, leading to subdued demand afterward. The company anticipates that demand will rebound in the upcoming year as.
Retail Gazette
AUGUST 30, 2023
The billionaire brothers behind Asda are understood to be close to the sale of another chunk of the supermarket’s property portfolio in a bid to bring down its mounting debt pile. Mohsin and Zuber Issa, backed by TDR Capital, are said to be in talks with an Australian finance house for a deal worth about £500m. Macquarie Asset Management is close to buying the ground rent leases of about 50 Asda stores in Britain, with a provision included to allow Asda to reassume ownership for a small amount a
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
AUGUST 30, 2023
Several Chinese brands have successfully established themselves in the global market, disrupting industry leaders and overcoming biases associated with Chinese-made goods. Brands like TikTok, Lenovo, DJI, Tencent, and Xiaomi have thrived outside China, challenging preconceptions and capitalizing on innovative offerings. TikTok, despite geopolitical tensions, has become a cultural trendsetter, while Lenovo became the world’s largest.
Retail Dive
AUGUST 30, 2023
The company, which was acquired by private equity firm The Stephens Group in 2014, is closing despite a recent $20 million investment by the firm.
Retail Wire
AUGUST 30, 2023
Instacart has moved a step closer to its IPO by filing a prospectus detailing its business and IPO plans, indicating its intention to trade under the ticker “CART” on the NASDAQ Global exchange. The company, which has explored going public in recent years, also revealed that it will sell $175 million in Series A preferred.
RIS News
AUGUST 30, 2023
Before every child has walked through the doors for their first day of school, the unofficial end of summer has been ushered in by all things pumpkin.
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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
AUGUST 30, 2023
U.S. retailers are experiencing a mixed picture in terms of consumer spending trends, with discounted apparel, small home projects, and beauty products seeing strong demand, while other discretionary purchases remain subdued due to elevated prices.
Retail Gazette
AUGUST 30, 2023
M&S will re-enter the FTSE 100 next month for the first time in four years as its shares soared to a 19-month high. The retailer’s promotion follows the latest quarterly reshuffle by FTSE Russell after it’s market capitalisation topped £4.3bn, placing it below B&Q and Screwfix owner Kingfisher in the index. M&S shares have rocketed 80% so far this year as its turnaround programme picks up pace under chief executive Stuart Machin and co-chief executive Katie Bickerstaff.
Retail Wire
AUGUST 30, 2023
Walmart is reportedly asking some of its 16,000 pharmacists in the U.S. to voluntarily take pay cuts by reducing their working hours, targeting those in higher wage brackets as the company seeks to lower costs. This move reflects pressures at Walmart pharmacies, where sales of weight-loss drugs are dragging on profits despite their high price.
Retail Gazette
AUGUST 30, 2023
More than 400 former Debenhams employees who lost their jobs when the department store chain went into administration have won their legal battle against the retailer. The 419 claimants launched action in August 2020, shortly after the retailer collapsed and axed a third of its workforce. Simpson Millar, the law firm representing the former staff, announced on Wednesday that the employment tribunal had ruled in favour of the claimants.
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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