Retail TouchPoints

NOVEMBER 4, 2022

Lowe’s has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners for $400 million in cash plus a performance-based deferred consideration. The business, which is based in Boucherville, Quebec, operates approximately 450 corporate and independent affiliate dealer stores under several different formats and banners, including RONA , Lowe’s Canada , Réno-Dépôt and Dick’s Lumber.

Store Operations 356

Store Operations Returns Management Marketing 356

Retail Wire

NOVEMBER 4, 2022

General Mills and Mondolez International are two of a growing list of companies that have hit pause on Twitter advertising as they wait to see what Elon Musk’s ownership will mean for the operation of the social media site.

Consumer 130

Consumer Advertising 130

Retail TouchPoints

NOVEMBER 4, 2022

Photo by Luis Guillén Burberry and New Concepts@Nordstrom. Photo by Luis Guillén Burberry and New Concepts@Nordstrom. Photo courtesy of Nordstrom. Nordstrom has partnered with Burberry to produce the latest edition of its New Concepts@Nordstrom store-in-store offering with Concept 019: Burberry, which features an exclusive capsule collection. Concept 019: Burberry launched online on Nov. 3, 2022 and will be introduced in stores in December.

Jewelry 306

Jewelry Accessories Outdoor Wholesale 306

Retail Wire

NOVEMBER 4, 2022

More than a million fewer customers purchased products from Wayfair last quarter, a decrease of 22.6 percent year-over-year. The online furniture retailer’s sales fell nine percent during the quarter, which led to a loss of $283 million. “Wayfair’s business isn’t working and it is losing an extensive amount of market share,” said Neil Saunders, an analyst at GlobalData Retail.

Marketing 130

Marketing ATS 130

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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.

Management

Retail TouchPoints

NOVEMBER 4, 2022

Today’s retail supply chains have evolved into complex global webs of infrastructure, vehicles and people that move products from raw material to end consumer. And amazingly, the most complicated and costly leg of these extensive logistics networks is the last mile — that final leg of the retail supply chain that physically connects retail brands with consumers.

Shipping 289

Shipping Fulfillment Consumer Shopping 289

Retail Wire

NOVEMBER 4, 2022

The National Retail Federation expects sales during November and December to increase between six and eight percent year-over-year. The forecast, which does not include auto dealers, gas stations or restaurants, is an indication that unit volume will be seen to have decreased once inflation is factored in. NRF CEO Matthew Shay said that consumers are likely to concentrate their spending on necessities.

Accounting 130

Accounting Consumer 130

Small Biz Trends

NOVEMBER 4, 2022

One of the most important requirements, when you apply for a grant, is observing the deadline. Miss the deadline, and the vast majority if not all grants will not even open your application. And the best way to avoid that is to submit your application as early as possible. With that in mind, there are several grants that have a November deadline. There are also other grants that go beyond November and you also have to observe their deadline to give yourself a better chance at winning these grant

Advertising 137

Advertising Planning ATS 137

Retail TouchPoints

NOVEMBER 4, 2022

Rural lifestyle retailer Tractor Supply has added on-demand delivery from nearly 2,000 of its stores across the country in a partnership with DoorDash. Customers using the DoorDash marketplace can now get Tractor Supply offerings in categories including farm and ranch, home improvement and lawn and garden delivered to them. All participating Tractor Supply stores will be available on DashPass, the DoorDash membership program that offers free delivery and reduced service fees on eligible orders f

Wholesale 202

Wholesale Location Store Operations Customer Experience 202

Small Biz Trends

NOVEMBER 4, 2022

As we all struggle with rising energy costs, one way to save during the colder seasons is by using a space heater. Using a portable space heater can potentially save you some money, as you will only be heating your work area instead of a whole building. Space heaters have come a long way in being a safe, reliable, and sometimes cheaper heating alternative.

Accounting 132

Accounting ATS 132

Retail TouchPoints

NOVEMBER 4, 2022

Gayle Uyagaqi Kabloona, Uvagut, at the Wynn Las Vegas Photo courtesy of Canada Goose. Canada Goose’s Las Vegas Snow Room Photo courtesy of Canada Goose. Canada Goose Las Vegas City Toque Photo courtesy of Canada Goose. Canada Goose Las Vegas Photo courtesy of Canada Goose. Canada Goose will expand its U.S. store roster with the addition of two new permanent locations, in Las Vegas and Denver, in addition to hosting pop-up shops in Aspen, Colo. and the Detroit area.

Location 195

Location Accessories Apparel Shopping 195

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.

Customer Experience

Retail Wire

NOVEMBER 4, 2022

Simon Property Group will close all its malls on Thanksgiving Day except for two in Las Vegas. The largest mall owner in the U.S. previously closed all its malls in 2020 and 2021.

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Small Biz Trends

NOVEMBER 4, 2022

Amazon recently launched a new financing solution for small business sellers in the form of a merchant cash advance. The advance is provided by Parafin, a U.S.-based provider of growth capital for sellers, and lets sellers quickly access capital with transparent and capped rates, no fixed term, no personal guarantee, no credit checks or excessive paperwork, and no late fees.

Merchant Services 124

Merchant Services Finance Management ATS 124

Retail Wire

NOVEMBER 4, 2022

Miller Lite’s “fully functioning” limited-edition Christmas Tree Keg Stand is said to be “perfect for keeping your tree fresh and beer cold.” The stand, which costs $49.99, is compatible with Christmas trees up to five feet tall. It weighs up to 150 pounds with lights and ornaments.

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A1 Retail

NOVEMBER 4, 2022

BK Johannessen, Unreal Engine Business Director for Broadcast and Live Events at Epic Games, has been confirmed as the keynote speaker at Integrated Systems Europe (ISE), the world-leading AV and systems integration show taking place at Fira Barcelona Gran Via, 31 Jan – 3 Feb 2023. . BK’s keynote, entitled “All Paths Lead to Real-Time”, takes place at 17:15 on Tuesday 31 January in the Conference Suite CC4.1.

ATS 98

ATS Advertising Returns Management 98

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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.

Point of Sale

Retail Wire

NOVEMBER 4, 2022

Starbucks reported $8.41 billion in sales for the last quarter, exceeding the $8.32 billion expected by analysts. Higher costs cut into the coffee giant’s profits. Starbucks reported net income of $878 million, down from $1.76 billion a year ago.

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A1 Retail

NOVEMBER 4, 2022

Sitecore data reveals renewed interested in Black Friday as Brits battle cost of living crisis ahead of Christmas. British retailers can expect a busier Black Friday than last year, according to Sitecore’s Holiday Shopping Trends 2022 Report , as almost half (48%) of UK consumers are planning to take part this year. In comparison, just over a third (38%) said they shopped on Black Friday last year, signalling a renewed interest in the event as shoppers worry about how they’ll afford Christmas.

Returns 96

Returns Consumer Shopping Marketing 96

Retail Wire

NOVEMBER 4, 2022

The grocery wholesaler SpartanNash plans to organize its corporate-owned supermarkets under banners that appeal to specific consumer demographics. “We did banner equity studies, and we’ve determined that it is in our best interest, and shareholders’ best interest, to consolidate to four primary banners: Family Fare for our conventional/mass [stores], Supermercado for ethnic, and then our upmarket [stores] will be Martin’s and D&W Fresh Market,” said Masiar Tayebi, chief strategy and informat

Wholesale 100

Wholesale Supermarket Consumer Planning 100

Retail Dive

NOVEMBER 4, 2022

The trade group predicts year-over-year growth of 6% to 8% and said consumers “remain resilient” even while facing inflation.

Consumer 113

Consumer 113

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

Management

Retail Wire

NOVEMBER 4, 2022

U.S. employers added 261,000 jobs in October, higher than the 205,000 expected by economists. Job growth has slowed in recent months, with unemployment currently at 3.7 percent, up from 3.5 percent in September. “We’re seeing a labor market that’s showing signs of cooling down, but still very strong and elevated far above its levels before the pandemic,” said Nick Bunker, director of North American economic research for Indeed.

Marketing 100

Marketing ATS 100

Retail Dive

NOVEMBER 4, 2022

Revenue was down 39% at the struggling e-commerce site, while sales were also down at the company’s flagship television retail banners.

ATS 105

ATS 105

Independent Retailer

NOVEMBER 4, 2022

Ecommerce is critical for any business in order to grow, but in order to continue to expand, you need more than just the basics. In a quest to get a shiny, new ecommerce solution, business leaders often forget to take into account the IT basics. Does the solution align with your tech stack? How much downtime will your website have? Will this solution need to be upgraded frequently?

Wholesale 79

Wholesale Accounting ATS 79

Retail Dive

NOVEMBER 4, 2022

The unit includes 450 corporate and independent affiliate dealer stores under the banners Rona, Lowe's Canada, Reno-Depot and Dick's Lumber.

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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.

Mulesoft

NOVEMBER 4, 2022

Adopting APIs has allowed organizations to create exceptional customer experiences that help businesses meet and exceed their goals. And as API use increases across diverse architectures and business priorities, IT teams need to ensure control and security for those APIs. After all, customer trust is slow to build and quick to lose – and one […].

Customer Experience 76

Customer Experience 76

Retail Dive

NOVEMBER 4, 2022

Jamie Gersch will take on the position while another Gap Inc. veteran, Heather Archibald, joins as chief product and merchandising officer.

Marketing 107

Marketing 107

LS Retail

NOVEMBER 4, 2022

©iStock/coffeekai Globalization is not over. There may be retrenchment in some areas such as critical technologies and reshaping in others such as onshoring or regionalization. But this new globalization is also a unique opportunity to rethink the current framework where we maintain the benefits garnered from an open flow of trade, people, information, and culture.

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Retail Dive

NOVEMBER 4, 2022

Shoppers can drop off their worn shoes at the footwear retailer’s stores. And the athletics brand is broadening its assortment.

ATS 101

ATS 101

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

Customer Experience

A1 Retail

NOVEMBER 4, 2022

Raleigh , the iconic British bicycle brand, has proudly announced plans to launch its first experience centre in its home town, Nottingham. The new space on Maid Marian Way focuses on consumer experience and embraces the current and future direction of the brand. Raleigh will exhibit hero bicycles from different chapters of their history, such as the iconic Chopper, Burner and Grifter, alongside showcasing key milestones for the brand, starting with the creation of Raleigh by Sir Frank Bowden in

Promotions 72

Promotions Consumer Planning Management 72

Retail Dive

NOVEMBER 4, 2022

In 2022 alone, the brand has replaced its founder and former CEO, established a relationship with Sephora and cut its employee headcount twice.

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365 Retail

NOVEMBER 4, 2022

Bensons for Beds today (4 November) re-opened evesleep.co.uk less than three weeks after it bought eve Sleep’s brand and intellectual property. As promised in October, eve Sleep is being retained by Bensons as a standalone brand and the website will return from hibernation with all the key eve Sleep mattresses its customers loved. Returning in time for the key trading period, the eve Sleep website includes its six best-selling mattress ranges – the premium, original and lighter available as h

Returns 72

Returns Accounting Consumer Planning 72

Retail Dive

NOVEMBER 4, 2022

The e-commerce giant is tightening its belt further after pausing hiring in its retail operations last month.

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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.

Planning