Fri.Aug 04, 2023

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Customizable Solutions: POS Payment Processing for Specialty Retail

Rain Pros

In the world of specialty retail, where passion and a deep understanding of niche products and services meet, the quest for providing an exceptional shopping experience for your unique clientele becomes the heart and soul of every decision you make. As a specialty retail store owner, you are not merely running a business; you are curating an experience for your customers, offering them products and services that align with their specific interests and aspirations.

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Barbie Doll Sales Are Booming Online as the Blockbuster Film Barrels Toward $1 Billion at the Box Office

Retail Wire

Barbie doll sales are surging online, fueled by the blockbuster success of the “Barbie” movie, which is expected to reach $1 billion in box-office sales. Doll sales have seen a significant increase of 56%, according to Shopify, the e-commerce platform powering Mattel’s direct-to-consumer operations. Shoppers are gravitating toward beloved brands like Barbie, indicating a “Barbie.

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City Chic divests EMEA Evans brand business

Inside Retail

Plus-size apparel company City Chic has sold its Evans brand to AK Retail Holdings for GBP8 million (AU$15.5 million). The agreement, reached on August 3, also includes the sale of all the inventory in City Chic’s EMEA business. The proceeds from the sale will be used for working capital purposes and to pay the group’s remaining $1.5 million acquisition facility.

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L.L.Bean Expands to Dillard’s and Moosejaw, Plans 4 New Brick-and-Mortar Stores

Retail TouchPoints

L.L.Bean will open four new stores this fall, two in Massachusetts and two in Quebec, along with a French-language ecommerce site to support its Canadian stores. The outdoor goods retailer also will add Dillard’s and Moosejaw to its key U.S. wholesale accounts, along with 10 independent specialty retailers in the southeastern U.S. The combined effort will make L.L.Bean products available in more than 70 new storefronts in addition to ecommerce platforms.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

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.

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UK Q3 Retail Performance Expectations

Retail Focus

Retail performance faces a tipping point in Q3 2023, according to the KPMG/RetailNext Retail Think Tank (RTT) , an independent board of retail experts, as the threat of further interest rate hikes and spiralling mortgage payments hits household spend, undermining retail sector health and requiring the industry to respond with investment and its hallmark ingenuity.

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Amazon Generates 11% Revenue Boost in Q2, Forecasts Strong Q3

Retail TouchPoints

Amazon’s financial results for Q2 2023, which ended June 30, reveal that its investments in product expansion, fulfillment capabilities and new ad offerings have helped it beat initial projections. Revenue increased 11% year over year, reaching $134.4 billion , up from $121.2 billion during the same period last year. North America and International segments saw similar growth, with segment sales increasing 11% and 10% year over year, respectively.

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Virsona Teases Experiential Gaming Concept with NYC Pop-up

Retail TouchPoints

Virsona, a social video gaming and entertainment concept, has opened an experiential, semi-permanent pop-up “speakeasy” inside 787 Coffee on West 30 th Street in New York City. Developed in partnership with Gensler , the concept was formulated to blend social interaction, entertainment and cutting-edge technology. The pop-up replicates an elevated living room experience where friends, coworkers, family and strangers can interact with various gaming and digital entertainment options.

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Research shows hiring refugees can help businesses

Inside Retail

The global refugee population is more than 26 million people, according to some estimates. Such largescale movements of people affect many countries and have created significant interest among business and management researchers in recent years as companies try to work out how to successfully integrate refugees into their workforces. Many refugees are skilled professionals and can contribute to a company’s success.

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Kum & Go Launches New Personalized Mobile App and Rewards Program

Retail TouchPoints

Convenience retailer Kum & Go has debuted a new mobile app touting personalized features along with its new “&Rewards” loyalty program. The new app will display information relevant to each customer, including shopping recommendations based on past activity and the ability to designate a favorite Kum & Go location. Within the app platform, the retailer’s &Rewards program has a new user interface that gives members the ability to choose how they want to redeem their points.

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Queensland’s Beaumont Tiles to launch into WA

Inside Retail

Beaumont Tiles will expand its footprint in Western Australia by launching four stores by the end of the year. Beaumont Tiles opened its first store in Joondalup on Saturday (August 5), with the next ones in Mandurah, Midland, and Myaree over the coming months. Danny Casey, CEO of Beaumont Tiles, said although the company had previously operated a Builders Selection Centre in Western Australia to serve large builders, the opening of the new retail locations would give West Australians access to

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Get MACH Ready: Preparing Your Business for Digital Transformation

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.

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Bed Bath & Beyond Says ‘Yes’ to Personalization And ‘Maybe’ to Stores

Retail Wire

Overstock.com has been officially rebranded as BedBathandBeyond.com, and the CEO, Jonathan Johnson, discusses what this means for consumers and product vendors. The rebranding involves adding over 600,000 new SKUs on the dropship model, aiming to maintain the 22% to 23% gross margin. Bed Bath and Beyond aims to improve customer experience by providing promotions, reinstating.

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Clintons looks to close a fifth of its stores to avoid going bust

Retail Gazette

Clintons is looking to close around a fifth of its stores in order to stave off insolvency. The card retailer has brought in restructuring advisers to work on a debt-for-equity swap as it faces “acute financial distress”. Part of the plans could see it close 38 stores. This is on top of the 156 shops it closed back in December 2019 as part of a pre-pack administration , when its previous owner, the Weiss family that owns US giant American Greetings, snapped it back up.

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Booming Real Estate Demand Has Landlords Pushing Out Retailers Like Zero Waste Daniel Out With Steep Rent Increases

Retail Wire

Rising real estate demand is leading landlords to push out retailers, resulting in steep rent increases. For instance, Zero Waste Daniel founder, Daniel Silverstein, faced a significant rent increase on his 700-square-foot studio, prompting him to seek a new location. The booming real estate market and demand for quality spaces are making it challenging for.

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M&Co owner acquires plus size retailer Evans

Retail Gazette

The owner of M&Co and Yours Clothing AK Retail Holdings has acquired plus size clothing retailer Evans for an undisclosed sum as the company looks to expand its brand portfolio. The acquisition includes the brand name along with the intellectual property and stock. AK said the move perfectly aligns with its mission to cater to a diverse range of customers.

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How Retailers Are Transforming Customer Experiences with Data & AI

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.

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How Layoffs and A.I. Are Impacting Tech Workers

Retail Wire

Tech companies have faced significant layoffs, shedding more than 386,000 jobs in 2022 and the first half of 2023, according to Layoffs.fyi. However, amidst the layoffs, the booming artificial intelligence market is giving the tech industry a renewed sense of optimism, with generative AI startups receiving massive investments and tech giants like Amazon, Alphabet, and.

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CISA Cybersecurity Strategic Plan: An Important Step To Secure Critical Infrastructure

Cisco Retail

Statement by Eric Wenger , Senior Director, Technology Policy, Government Affairs: CISA’s new Cybersecurity Strategic Plan lays out a clear vision for how the federal government can better secure and d… Read more on Cisco Blogs

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Instacart Shoppers Say They’d Rather Quit and Work for McDonald’s or Doordash After the Company Slashed Their Minimum Order Pay From $7 to $4

Retail Wire

Instacart shoppers are expressing discontent and considering leaving the platform after the company reduced their base pay for filling orders from $7 to as low as $4. Many workers argue that the compensation is no longer worth the effort, considering the additional tasks involved in navigating grocery stores and communicating with customers about out-of-stock items.

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Expanding data security around the globe

Cisco Retail

In an ongoing effort to prioritize data security and privacy for Secure Email Threat Defense customers, we’re excited to announce the opening of two data centers in the Asia Pacific region: one in A… Read more on Cisco Blogs

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Forrester Report: Demystifying The Technical Functions of POS Solutions

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.

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Amazon Fresh Grocery Delivery Gets Less Exclusive: Non-Prime Members Can Now Order From Some Stores

Retail Wire

Amazon has started allowing some customers without Prime memberships to order groceries from Amazon Fresh in a dozen U.S. cities, including San Francisco, Boston, and Denver. This move marks a departure from the previous exclusive service, where Fresh deliveries were limited to Prime members. Amazon plans to expand this offering nationwide by the end of.

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Bottega Veneta channels Veneto design sensibilities at Sloane Street store

Dezeen

Fashion brand Bottega Veneta has opened a store on London's Sloane Street that draws on materials, furniture and design techniques from Italy's Veneto region. Located at the base of a nine-storey 1920s red brick apartment complex, the store sits behind a white-rendered frontage with doric column-style detailings. The store is located on Sloane Street It was opened as the first store to implement Matthieu Blazy's vision for the brand and its physical retail locations, following his appointment as

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Wayfair Shares Hit Over One-Year High After Smaller-Than-Expected Loss

Retail Wire

Wayfair Inc’s shares surged by as much as 24% to reach their highest level in over a year after the online furniture retailer reported a smaller-than-expected second-quarter loss. Despite a 3.4% decline in net revenue to $3.2 billion, Wayfair’s cost-cutting measures and increased orders resulted in a net loss of $46 million, beating analysts’ expectations.

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Compact POS system lowers TCO, boosts productivity

RIS News

Toshiba’s TCx® 900 POS system offers more than enough scalability, robustness, and reliability to accommodate retailers’ growth, handle heavy data workloads, and ensure critical day-to-day functionality while supporting legacy I/0 business.

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Mapping Digital Transformation: Retail’s Strategic Shift

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

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Hasbro To Sell eOne Film and TV Unit to Lionsgate for $500 Million

Retail Wire

Hasbro has announced the sale of its eOne film and TV studio to Lionsgate Entertainment for approximately $500 million. The deal, which includes a library of 6,500 titles, aims to help Hasbro focus on more profitable brands. The transaction, approved by both companies’ boards, is expected to be completed by the end of 2023, with.

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Tech Transformation Video: Evolving Personalization With Kellogg’s Manish Sharma

RIS News

Learn from Manish Sharma, VP of omni and e-commerce for Kellogg Company, about how they define personalization, and how the transformation from e-commerce to omni-commerce is driving holistic success of their businesses.

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Arc’teryx opens New York City store at Brookfield Place

Retail Dive

The store is the Canadian-based outdoor retailer’s fourth location in the city and adds to the brand’s growing brick-and-mortar presence.

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Steering Your Business Toward Sustainable Global Growth and Prosperity

LS Retail

©iStock As a global small business owner, you have the power to steer your venture towards a future marked by sustainable global growth and prosperity. Take the lessons from this guide (which includes the power of going global), apply them to your business, and embark on your journey towards sustainable growth. It’s time to unlock the secrets of sustainability and set your business on the path to enduring global success.

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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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The Weekly Closeout: Ulta CEO joins Best Buy’s board, while Petco plans for Halloween

Retail Dive

Dave Kimbell comes in with deep specialty retail experience. Meanwhile, the pet retailer has already released a collection for the upcoming holiday.

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Tech Transformation Podcast: Kellogg’s Manish Sharma On the Evolution to Omnicommerce

RIS News

We’re talking with Manish Sharma, VP of omni and e-commerce for Kellogg Company, about the consumer goods company’s evolution into omnicommerce and the changes they're making across their business.

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Seeking nominations for 2024 Top 50 retail innovators report

Retail Customer Experience

The 2024 Retail Customer Experience Top 50 report will highlight retail leaders who are innovating when it comes to creating extraordinary shopping experiences. Nomination deadline is Sept. 15.

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Amazon Value Chain: How its Reimagining Its Fulfillment Network

RIS News

Amazon shed more light on how the company is reconfiguring its fulfillment network to significantly shrink delivery windows via regionalization.

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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