Wed.Nov 29, 2023

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POP Display Costs: Navigating the Economics of In-Store Promotion

Tokinomo

POP displays are used by retailers and brands to promote their products and attract the attention of shoppers. However, how much does a POP display cost? In this article, we will show you the different things that impact POP display costs, so that you can make an informed decision.

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Retail Food Group to acquire Beefy’s Pies for $10 million

Inside Retail

Beefy’s Pies may soon be available for franchising after an agreement was reached for the retail chain’s acquisition by listed cafe operator Retail Food Group (RFG) for $10 million. RFG is a global food and beverage company headquartered in Queensland which owns Gloria Jean’s, Donut King, Brumby’s Bakery, Michel’s Patisserie, Crust Gourmet Pizza, Pizza Capers, Rack ’em Bones BBQ Ribs, Cafe2U and The Coffee Guy brands.

ATS 290
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Solving the Shopping Mall ‘Identity Crisis’ with Community Data and Careful Curation

Retail TouchPoints

Malls were once the nucleus of “shopping culture.” They were core destinations for all things retail; where families spent hours on a free Saturday and where teens, hungry for independence, spent many Friday nights to build their social clout. But many shopping malls have endured an identity crisis. With the rise of ecommerce and the simultaneous “ death of the mediocre middle ,” many malls have become shells of their former selves — and some have become complete wastelands.

Shopping 273
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Australian 7-Eleven business sold for $1.71 billion

Inside Retail

The 7-Eleven Australia convenience store chain has been sold for $1.71 billion to 7-Eleven International (7IN) a joint venture of the brand’s Japanese-listed parent Seven & I and the US business. The Withers and Barlow families which own 7-Eleven in Australia have been looking to sell the business since early this year and there were reports they were hoping to secure as much as $2 billion for it.

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The Personalization Playbook: 2024 Strategies

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.

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A Proactive Way to Address Loitering, Crime and Unhoused Populations in Retail Locations

Retail TouchPoints

When addressing concerns relating to homelessness, it’s generally considered critical that those engaging in these discussions take an approach rooted in empathy and understanding. After all, most of these individuals are regular citizens who have fallen on hard times — and with inflation recently reaching a historic 9.1% , it is not difficult to imagine why homelessness is becoming an epidemic that affects virtually every region in the United States.

Location 264
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Australian 7-Eleven business sold for $1.71 billion

Inside Retail

The 7-Eleven Australia convenience store chain has been sold for $1.71 billion to 7-Eleven International (7IN) a joint venture of the brand’s Japanese-listed parent Seven & I and the US business. The Withers and Barlow families which own 7-Eleven in Australia have been looking to sell the business since early this year and there were reports they were hoping to secure as much as $2 billion for it.

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Rebel unveils next-generation flagship in Melbourne

Inside Retail

Rebel has opened its new flagship store at Emporium Melbourne, making it the brand’s largest health and wellness destination in the country. The store, located on Level 4 of Emporium Melbourne, has a 3600sqm area and offers Rebel’s largest variety of products, including its label Ell&Voo, as well as worldwide athletic brands Nike, Adidas, Under Armour, and Asics.

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Revving Up Sales: The Competitive Edge of Visual Content

Retail TouchPoints

The power of visual content has evolved from a nice-to-have supplement to a central force shaping how businesses engage with consumers. With platforms like Instagram and TikTok leading the way, it has become increasingly clear that the currency of our digital interactions is visual-centric. The ability to capture attention swiftly and convey complex messages at a glance is an invaluable asset amidst the relentless digital competition.

Consumer 262
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Australian 7-Eleven business sold for $1.71 billion

Inside Retail

The 7-Eleven Australia convenience store chain has been sold for $1.71 billion to 7-Eleven International (7IN) a joint venture of the brand’s Japanese-listed parent Seven & I and the US business. The Withers and Barlow families which own 7-Eleven in Australia have been looking to sell the business since early this year and there were reports they were hoping to secure as much as $2 billion for it.

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Walmart Brings a Little ‘RomCommerce’ to its Holiday Marketing

Retail TouchPoints

Image courtesy Walmart Walmart is tapping into one of Americans’ favorite holiday traditions — watching holiday rom-coms — for a new 23-part , serial ad campaign called Add to Heart that will be fully shoppable. Complete with romantic rendezvous in the Garden Center and dancing among the holiday décor, the shoppable commercial series will give rom-com fans all the spice and sweet intrigue they love, with a little shopping thrown into the mix.

Marketing 259
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Guide to Business Writing

Everything you need to know about better business writing in one place. This is a complete guide to business writing — from a clear business writing definition to tips on how to hone your business writing skills.

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Puma says it has successfully converted sneakers into compost in pilot trial

Inside Retail

Sportswear company Puma has successfully produced compost from an experimental version of its classic suede sneaker, according to the results of its two-year-long Re:suede experiment. The experiment was the first program to launch as part of the company’s “Circular Lab”, an innovation hub led by innovation and design experts to create the future of the its circularity programs.

Planning 246
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Aptos survey: 88% of Gen Z shoppers in UK plan to visit a physical store this Golden Quarter

Retail Focus

Aptos , a leader in unified commerce solutions, today announced the findings of its 2023 Golden Quarter Consumer Survey. The report found that the majority of Gen Z shoppers plan to spend more or the same on Christmas gifts compared to last year and that visiting stores during the festive period is a top priority. The survey of 2,000 UK consumers aged 16 to 26 was conducted in October 2023 and sought to identify the shopping habits and preferences of older Gen Z shoppers during the Golden Qu

Planning 173
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Who is THG, the British group that tried to buy out Adore Beauty?

Inside Retail

Meet The Hut Group (THG), the British e-commerce retailer that made news after a failed attempt to buy out Australia’s Adore Beauty. Adore Beauty is Australia’s number one pureplay online beauty retailer, stocking brands such as Estée Lauder, Bobbi Brown, Huda Beauty and Elf. The online beauty retailer reported earlier this year a revenue of $47.5 million for the first quarter ended September 30 and is up 4.7 per cent year over year.

Consumer 245
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Caledonia Park welcomes British duo Hobbs and Phase Eight

Retail Focus

Railpen , one of the largest pension managers in the UK, has announced Hobbs and Phase Eight have opened in Caledonia Park, Scotland’s premium designer outlet village , marking Hobbs ’ first outlet in Scotland and Phase Eight’s second. Hobbs and Phase Eight have opened a 3,0 00 sq ft unit with a dual fascia at Caledonia Park, located centrally within the scheme next to premium brand s such as POLO Ralph Lauren , kate spade new york , Radley London, and recent additions Tommy Hilfiger and Calvin

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Kelly Goetch, 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

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Foot Locker Surprises With Stronger Earnings and Sales

Retail Wire

Foot Locker takes steps in the right direction.

Apparel 289
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Biden Administration Takes Multiple Steps to Strengthen Supply Chains

Retail TouchPoints

The White House has created a Council on Supply Chain Resilience that will include multiple Cabinet members and other top U.S. officials working to advance government-wide strategies for improving U.S. and international supply chains. This new group is one of many actions the Biden administration is taking to help smooth out current bottlenecks and future-proof U.S. manufacturing, logistics and transportation processes.

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Online Shopping Is the Winner During Thanksgiving Weekend

Retail Wire

Thanksgiving Weekend drew online shoppers more than ever this year.

Shopping 259
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How businesses are leveraging GenAI to curate bespoke customer experiences

Inside Retail

In a climate where consumers are wanting more bespoke retail experiences on and offline, businesses are leveraging generative artificial intelligence (AI) to provide this in a way that is both economical and sustainable. Mys Tyler’s recently launched AI stylist is one such example. It offers a unique value proposition to users and retail partners through the hyper-personalised styling service it provides, 24/7.

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Planning the Architecture of Your Modular DXP

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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AWS Announces New Amazon AI Chips and Partners With NVIDIA

Retail Wire

Amazon Web Services (AWS) is diversifying its cloud services with in-house artificial intelligence (AI) chips and access to NVIDIA’s latest GPUs.

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How Dubai sportswear giant GMG aims to crack the Southeast Asia market

Inside Retail

GMG is a Dubai-based company with distribution rights for more than 120 global brands in the Middle East and Southeast Asia, and a portfolio of multi-brand retail chains across sports, food and beauty. It recently opened its first corporate office in Singapore, marking a significant milestone in the company’s expansion strategy. Since entering Southeast Asia in 2020, GMG has opened 31 stores in Singapore, Malaysia and Indonesia.

Marketing 130
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The 3 Rules Charles T. Munger, Warren Buffett’s Right-Hand Man, Lived By

Retail Wire

Charles T. Munber, Warren Buffett's right-hand man, died at the age of 99 but left the world with a wealth of wisdom to live by.

ATS 130
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Level up Your Grocery e-Store’s Digital Strategy

Intelligence Node

How the Top Grocery Leaders are Setting Up for Success With the onset of digital retail, the world has seen a 360-degree shift in consumer buying behavior and expectations. Subsequently, The post Level up Your Grocery e-Store’s Digital Strategy appeared first on Blog.

Consumer 104
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How Personalized Customer Experiences Drive Retail Growth and Revenue

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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US Car Dealers Ask Biden to Slow Down on Electric Vehicles

Retail Wire

U.S. car dealers ask President Biden in a letter to tap the brakes on electric vehicle adoption.

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Trade Promotion vs Consumer Promotion: A Comparative Analysis

Wiser

Understanding the difference between trade promotion and consumer promotion is crucial for any business seeking to maximize its market impact and sales potential. These two promotional strategies, while aiming to stimulate demand and increase sales, target distinct audiences and employ different methods. Trade promotions are directed toward the intermediaries involved in the distribution process, such as wholesalers, distributors, or retailers.

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3-Year Cruise Canceled, What’s Next For Passengers?

Retail Wire

Life at Sea cruises has canceled its three-year adventure, leaving passengers stranded and out thousands of dollars.

ATS 130
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Tesco ramps up in-store advertising with screen roll-out

Retail Gazette

Tesco revealed it has installed its 1,800th in-store advertising screen, up from around 400 screens in March this year, as it ramps up its retail media arm. The screens are now present in 420 Tesco shops, making it the largest network in the UK grocery market, according to the grocer. The supermarket can show animated content and visuals on the screens, which can be used to support in-store campaigns and product launches.

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Retail's Next Frontier: Exploring and Proving the Value of AI

AI is everywhere. It’s in customer service interactions, product recommendations, marketing outreach, and yes, even commerce experiences. But not every use of AI provides the same value to your brand. In this masterclass, experts from Constructor, commercetools, Contentstack, and Orium discuss how AI can complement your composable tech stack and help bring in immediate ROI.

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Uber Enlists London Black Cabs in Milestone Move

Retail Wire

Uber has announced its intention to incorporate London's renowned black cabs into its app.

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Interview: What’s next for HMV after its Oxford Street return?

Retail Gazette

HMV reopened the doors to its flagship at 363 Oxford Street last week after a four-year absence. The central London location is where the retailer opened its first store back in 1921 and has hosted some of the world’s biggest artists including The Spice Girls, Kylie Minogue, The Weeknd and Blur for autograph signings and exclusive performances.

Returns 116
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GameStop and AMC Stocks Surge, Signaling a Market Recovery

Retail Wire

In an unexpected rally this Wednesday, GameStop saw a nearly 20% leap in its trading volume.

Marketing 130
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Grocery brands ‘raised prices faster than costs rose’, watchdog finds

Retail Gazette

Three in four companies that make branded grocery products have hiked their prices faster than their costs have gone up, a new review by the competition watchdog has found. The Competition and Markets Authority examined 10 different product categories products including baked beans, baby formula and pet food and found that while certain price hikes were warranted to offset escalating costs like energy and ingredients, there was evidence of profiteering.

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2024’s Retail Odyssey: Going Small, Artificial, and Augmented!

Speaker: Kelly Goetsch - Chief Strategy Officer at Commercetools | Jason Cottrel - CEO & Founder at Orium | and guest speaker Brendan Witcher - VP, Principal Analyst at Forrester

Significant modifications are on the horizon for digital commerce in retail and customer experience come 2024. The pace of tech shifts will intensify, businesses are set to defund legacy solutions, and attractive opportunities will surface as social and retail media players join forces. To stay ahead of the curve, digital leaders are experimenting with less risky initiatives and scaling back on outdated projects that no longer yield impactful results.