Mon.Nov 27, 2023

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Retailers Focus Giving Tuesday Efforts on Feeding People, Pets

Retail TouchPoints

Among the many charity-themed promotions associated with Giving Tuesday on Nov. 28, several are designed to feed the hungry — whether they have two legs or four. From Nov. 27 to Dec. 4, 2023, Instacart and participating CPG brands will donate one serving of fruits and vegetables for every dollar spent on the platform for these brands, up to a collective total of 1 million servings.

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Retailers hope sales recover at Christmas after slow October growth

Inside Retail

Retailers are hoping the Reserve Bank of Australia (RBA) will hold interest rates as they look toward a recovery in Christmas after experiencing minimal sales growth in October, driven by food-related purchases. Australian Bureau of Statistics (ABS) data showed that retail turnover amounted to $35.77 billion during the month, up 1.2 per cent from the year-ago period.

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Touchland CEO Reveals 5 Social Media Best Practices for the Holidays

Retail TouchPoints

This is Part 3 of The Holiday Readiness Series, which will feature tactical tips and takeaways from experts that retailers can still apply to rev up their sales results. Looking for even more data and insights to power your approach? Check out Part 1, which focused on improving CX and Part 2, which focused on empowering store associates. Touchland is more than just a hand sanitizer brand — it’s a self-care brand, according to Andrea Lisbona, the company’s Founder and CEO.

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Adore Beauty rebuffs takeover offer from UK e-commerce group THG

Inside Retail

Pureplay online beauty retailer Adore Beauty has refused a proposal to take over its business from UK-based e-commerce group THG, stating it “undervalued” the company. Adore Beauty confirms THG had offered to acquire 100 per cent of the shares of the company by way of a scheme of arrangement for $1.25-$1.30 cash per share. The company’s board of directors has reviewed the proposal, which was subject to conditions including due diligence, with the assistance of its financial and legal advisors.

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A Blueprint for B2B Commerce

In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

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Unclaimed Baggage Store in Alabama Sells Lost Luggage From Airlines

Retail Wire

Millions of vacationers are making their way back home from their Thanksgiving trips, and for some, their lost luggage will end up as unclaimed baggage.

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With new store, Nere seeks to elevate travel for the mass market

Inside Retail

Australian luggage brand Nere is anticipating strong sales this holiday season, thanks to the ongoing travel boom, growing appeal of practical gifts like suitcases, and high-profile location of its first stand-alone store, which opened in November. Located on the ground floor of Melbourne Central, the store carries Nere-branded suitcases, soft-sided bags, packing cubes, toiletry kits, luggage tags, water bottles and other accessories that shoppers can mix and match in various colours to create t

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Gas Attendant’s Mistake Wins One Man $25K for Life

Retail Wire

A Michigan man won $25K a year for life after a gas station attendant made a mistake on his lottery ticket.

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Thinking outside the box with visual merchandising

Retail Focus

Retailers have been using visual merchandising to appeal to and connect with shoppers for many years now. Be this simply placing items from a new range of clothes on a group of mannequins or coming up with a creative and colourful window display to draw in those passing by, visual merchandising plays a key role in many retail strategies. The primary challenge for retailers in the current market is how to evolve these tried and tested methods to appeal more to modern shoppers.

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Google To Begin Deleting Inactive Accounts as Early as December

Retail Wire

If users want to keep their older Google accounts active, they can take certain steps to ensure none of their data is lost.

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Discounts Drive Record-Breaking Black Friday, Cyber Weekend Spending

Retail TouchPoints

As Cyber Monday sales continue to roll in, Cyber Week appears to have allayed retailers anxieties by delivering another year of record consumer spending, according to Adobe Analytics. Online spending on Black Friday came in above projections, at $9.8 billion (up 7.5% YoY); Thanksgiving drove $5.6 billion in online sales (up 5.5% YoY); and Adobe is predicting that Cyber Monday will be the biggest online shopping day of all time with a sales forecast between $ 12 billion and $12.4 billion.

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How Harry Rosen Turns Targeted Personalization Data into Retail Loyalty

Speaker: Shaunna Bruton and Kailey Holmes

Unlock the potential of customer data to create personalized retail experiences that resonate with your audience. This webinar will explore the critical role of customer data in modern retail, providing you with strategies to collect, analyze, and apply data to enhance personalization. Learn from leading retailers, like Harry Rosen, and experts on how to turn data into actionable insights that drive customer satisfaction and loyalty.

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Amazon Overtakes FedEx and UPS as the Top Delivery Business

Retail Wire

Amazon has emerged as America's No. 1 delivery business, surpassing both UPS and FedEx.

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Retail’s tech revolution sets laser-like focus on the consumer

Inside Retail

In the ever-evolving retail landscape, technology has swiftly moved from being a novelty to becoming the linchpin of both operational and customer-centric strategies. As retailers enter this new era, they find themselves on the cusp of a ‘phygital’ revolution – a symbiotic blend of physical and digital experiences that is redefining the conventional playbook.

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Ikea Debuts ‘Plan and Order Point’ Store Format in Dallas Market

Retail TouchPoints

Ikea will open a Plan and Order Point as its third store in the Dallas-Fort Worth market on Nov. 29, 2023, offering design consultations as well as a location where customers can pick up their online orders. The 10,800-square-foot location in Southlake joins two large-format stores in Frisco and Grand Prairie, Texas. Customers can book appointments with Ikea experts while they design, quote and order Ikea products, and while customers won’t be able to take products home directly, Ikea can arrang

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Mobile Purchases Surge During Record-Breaking Black Friday

Retail Wire

Black Friday lived up to its reputation as a powerhouse for retail with record-breaking sales this year.

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Optimizing Frontend Delivery in Composable Commerce: The Buy vs Build Decision

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‘Crises drive innovation’: ARA CEO talks strategies for Australian retailers

Inside Retail

While Australian retail’s annual peak season may have dawned, “a perfect storm of challenges” has created an extremely difficult time for retailers who are facing higher overheads and falling spending as consumers adapt to the cost of living crisis. However Paul Zahra, CEO of the Australian Retailers Association, still sees room for optimism despite the current climate.

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Bed Bath & Beyond Locations Are Claimed by Retailers

Retail Wire

After the closing of its business, Bed Bath & Beyond locations that have been abandoned are now being claimed and transformed by other companies.

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ATO clarifies rules over GST on compression socks

Inside Retail

Compression socks suppliers, manufacturers, and retailers should classify the product correctly, the Australian Taxation Office (ATO) urged. The ATO clarified that goods and services tax (GST) applies to compression socks used by the general community to prevent illness or disability or prevent legs and feet from getting tired or swollen. If business owners have classified general-purpose compression socks and travel socks as GST-free in good faith, there will be no sanctions for tax periods up

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Volkswagen Cuts Jobs During Transition to Electric Vehicles

Retail Wire

Volkswagen is forging ahead with a transformative cost-saving drive as it prepares to pivot toward the electric vehicle market.

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Innovation Fest: Summer of AI

Join Bloomreach at Innovation Fest: Summer 2024, a virtual event, to explore the future of personalized marketing and merchandising! Along with the company’s top product experts, CEO Raj De Datta will provide an exclusive look at the company’s latest AI innovations reshaping the omnichannel experience. Don’t miss out on this exciting opportunity to connect with fellow industry leaders and explore the latest trends in retail technology.

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Decathlon to buy German online retailer Bergfreunde

Inside Retail

French-headquartered global sports retail group Decathlon has agreed to acquire Bergfreunde, a pure-play online retailer of mountaineering and climbing equipment. With the acquisition, German-headquartered Bergfreunde is expected to reach new customers in the outdoor-premium market segment through a fully digital business model, expanding its footprint in Europe. “This strategic partnership will enable Decathlon to strengthen our global outdoor offering with a recognised and valued premium

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Foxconn Pours $1.5 Billion Into Indian Expansion for iPhone Production

Retail Wire

Foxconn Technology is setting its sights on the Indian market with a considerable investment of over $1.5 billion.

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In pictures: Next opens first Made.com store since acquisition

Retail Gazette

Next has opened its first Made.com store since buying the furniture brand out of administration a year ago. The 4,000 sq ft in Vulcan Road in Sheffield’s Meadowhall opened on Black Friday and offers customers the opportunity to browse a range of design-led furniture and lighting, showcasing products in a variety of colours and finishes. Made.com head of brand Hollie Parkinson said: “At Made, we believe in great design being accessible to all, and we want to inspire customers to make braver

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Target’s Black Friday Promotions Exposed on TikTok

Retail Wire

The truth behind Target's sales prices during Black Friday was revealed on TikTok.

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Composable Commerce Reference Architecture 2024 Edition

Achieve more with your commerce with the help of Orium’s Composable Commerce Reference Architecture 2024 Edition. Presented in partnership with commercetools, Contentstack, and Google Cloud, this edition is packed with new insights and practical examples to help you navigate changes in digital commerce and construct an adaptable tech stack optimized for efficiency and scalability.

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Abercrombie & Fitch sales jump 20% in Q3

Retail Dive

The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.

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Yodel and Vinted Strengthen Partnership to Bolster UK’s Pre-Loved Fashion Delivery Network

365 Retail

Yodel has recently declared an extension of its collaboration with Vinted , the online marketplace. This enhanced alliance, solidified through a multi-year contract, foresees a notable escalation in the number of parcels managed by Yodel, an independent carrier. Under this agreement, the volume of parcels from Vinted expected to be processed by Yodel will see a considerable increase.

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Black Friday 2023 traffic: The online winners and losers revealed

Retail Gazette

Black Friday online traffic was down 12% on last year, according to data intelliegence platform SimilarWeb, however some retailers fared better than others. In the winners camp stood Chinese marketplace Temu , however the phenomenal 74,150% year on year growth it achieved was largely because the business had not long launched this time last year. Fellow new UK entrant Sephora saw a 132% growth, whilst Moonpig was also a high-flyer with traffic soaring 48% against last year.

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Walmart is widening the gap with Amazon in grocery e-commerce, report finds

Retail Dive

The retailer's share of the online grocery market will expand to nearly 27% by the end of 2024, while Amazon’s will slip to 18.5%, according to Insider Intelligence.

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How To Craft Your Perfect Retail Tech Stack

Speaker: Jason Cottrell and Brian Walker

The era of all-in-one platforms is over. Now, retail success depends on integrating a blend of diverse technologies to thrive. As customers and stakeholders expect agility and innovation, how can you meet these expectations efficiently without stumbling into complexity? Explore a customer-centric approach to navigating digital transformation in retail.

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Lilium Receives Regulatory Green Light for Flying Taxi Development

Retail Wire

Get ready to zoom through the skies on flying taxis.

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CTO Sells Eastern Commons Shopping Center in Metro Las Vegas for $18.2 Million

Shopping Center

Henderson, Nev. — CTO Realty Growth has sold Eastern Commons, a 129,600-square-foot shopping center located in Henderson, roughly 15 miles outside Las Vegas. An undisclosed buyer acquired the property for $18.2… The post CTO Sells Eastern Commons Shopping Center in Metro Las Vegas for $18.2 Million appeared first on Shopping Center Business.

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Transforming career development through AI

Cisco Retail

The Transformational Tech series highlights Cisco’s grant recipients that use technology to help transform the lives of individuals and communities.

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Urban Outfitters’ Nuuly rental business turns a profit in Q3

Retail Dive

In addition to a swing into the black with $300,000 in operating profit, sales soared 86% at the unit, which also offers some resale.

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The Pragmatic Guide to Composability

Be empowered to master the digital landscape and implement modular and adaptable composable technologies. Authored by Orium, The Pragmatic Guide to Composability takes readers on a journey from composable’s beginnings to common misconceptions about the approach, then concludes with strategies for choosing implementations that result in quick wins to grow your ROI.