Inside Retail
MARCH 7, 2024
Spirit subscription service Liquor Loot has collapsed into administration as the company was reportedly struggling with cash flow. Liquor Loot and two related entities have appointed Jirsch Sutherland’s Andrew Spring and Trent Devine as joint administrators. An early assessment of the business suggests the retailer was facing challenges related to its cash flow, Spring told SmartCompany.
Retail Wire
MARCH 7, 2024
The FDA has issued a public health alert, cautioning against the purchase of certain ground cinnamon products available at retailers like Family Dollar and Dollar Tree due to elevated lead levels.
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Inside Retail
MARCH 7, 2024
Australian families are projected to spend $2.05 billion on hot cross buns, Easter eggs, and other special foods this coming Easter season – an increase of 23.5 per cent, or nearly $400 million more than last year. Easter remains a flagship event on the retail calendar, with research from the Australian Retailers Association (ARA) in association with Roy Morgan revealing that 17.3 million Australians plan to buy Easter food and chocolate, up 1 million from the previous year.
Retail TouchPoints
MARCH 7, 2024
If it’s true that we live in an attention economy (wait just a sec, I’m getting an email/text/Slack/LinkedIn alert…okay, I’m back), then retailers — both online and brick-and-mortar — need new tools to not just attract customers but also to keep them engaged. Accomplishing this feat requires more than the familiar mantra of right product, right price, right location and right time: it requires an emotional connection via storytelling, nostalgia and a sense of brand history , according to Ryan Ha
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.
Inside Retail
MARCH 7, 2024
Ethical fashion label Arnsdorf has announced it will close down and has commenced a sale with markdowns to run out its inventory. “Personally, I feel like there is still so much to do, explore, and experience for me to live fully aligned with my highest potential,” Arnsdorf founder and designer Jade Sarita Arnott said in an Instagram post. “My energy is being directed to other places and it’s time to make space in my life for this.” Arnott founded Arnsdorf in 2006 a
Retail TouchPoints
MARCH 7, 2024
Quiet luxury, coastal grandmother, and cottagecore are just a few fashion trends that have emerged from the TikTok era. If you’re like me, you wouldn’t even know where to begin finding an outfit to fit some of these. Is there a coastal grandfather option? Should I resign myself to the annals of the formerly presentable? In truth, Gen Z’s are pushing the boundaries of more than just fashion, influencing digital commerce as we know it.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Wire
MARCH 7, 2024
As of today, a new competition law has come into force, affecting European users of major tech platforms like Apple and Google, among others.
Inside Retail
MARCH 7, 2024
At last month’s Toy Fair in Melbourne, Josh Bonello, sales director of toy manufacturer and distributor BMS Brands, recalls every retailer he engaged with saying they wanted to forget 2023, a terrible year for most. “But everyone is more optimistic about this year,” Bonello tells Inside Retail. “Most vendors and most retailers are looking to this year with resolve and with a sense of quiet optimism.
Retail TouchPoints
MARCH 7, 2024
Beyond, Inc. — parent company of Bed Bath & Beyond and Overstock.com — has acquired the intellectual property of defunct flash-sale retailer Zulily , following that platform’s abrupt wind-down of its business in late 2023. Newly appointed Beyond, Inc. Executive Chairman Marcus Lemonis said the acquisition is aimed at strengthening Beyond’s position in the off-price market.
Inside Retail
MARCH 7, 2024
Australian beauty innovator The Quick Flick will launch its presence in Thailand via a partnership with two F1rster stores. The first of these locations is F1rster by King Power at Siam Square, where the products were unveiled on March 1, with a second outlet to be announced next month. “The Quick Flick is a perfect fit for Thailand’s sunny, hot climate where the way skincare feels on the skin matters and products like sunscreens and aftersun moisturisers always come in handy,” said founde
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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.
Retail TouchPoints
MARCH 7, 2024
Nestled among its Q4 2023 earnings was the news that Nordstrom plans to add a third-party marketplace to the Nordstrom.com website in April. “By reimagining the way we work with our brand partners, we’ll grow our curated online assortment to serve more customers on even more occasions through increasing our use of unowned inventory,” said CEO Erik Nordstrom on the earnings call.
Inside Retail
MARCH 7, 2024
This year’s Retail Week HackGames looked different from previous iterations. Rather than inviting retail and e-commerce professionals to team up to solve hypothetical business challenges, the annual hackathon centred Australian not-for-profits and charities. Homie, Confit Pathways, Share The Dignity, TLC For Kids and Culture Is Life took part in the one-day event to identify strategies that would take their charities to the next level.
Retail TouchPoints
MARCH 7, 2024
Michaels has launched a new brand campaign and in-store selling activation to shine a spotlight on its MakerPlace by Michaels online marketplace. MakerPlace by Michaels was designed to be an Etsy challenger of sorts, creating a space for “makers” to connect with shoppers and sell their handmade goods. It also serves as a destination for sellers and shoppers alike to access classes and how-to’s — a digital iteration of Michaels’ interactive in-store experience.
Retail Wire
MARCH 7, 2024
Despite the vegan trend reportedly fading, Oscar Mayer has introduced its first-ever plant-based hot dogs.
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.
Retail TouchPoints
MARCH 7, 2024
Abercrombie & Fitch has launched “The A&F Wedding Shop” both online and in stores. The collection of more than 100 items for brides, bachelorettes and guests has been designed not just for the wedding itself but also for wedding-related events and celebrations. “The A&F Wedding Shop’s pieces collectively tell the story of the modern wedding experience, — from bridal shower and bachelorette party to wedding day prep, ceremony, reception, brunch and even the honeymoon,” said Corey Robi
Retail Focus
MARCH 7, 2024
Peel has announced that Charity Super.Mkt, the UK’s first-ever multi-charity shop, is set to open its next pop-up at premier southwest urban outlet Gloucester Quays. The 4,000 sq ft store will launch at the outlet on March 14 th , introducing its popular ‘second-hand department store’ concept to a key entrance off High Orchard Street. Charity Super.Mkt will bring together a curated collection of pre-loved fashion and accessories, including vintage denim, sports- and streetwear.
Retail TouchPoints
MARCH 7, 2024
Foot Locker will launch its first “store of the future” in Willowbrook, N.J. next month, with an additional three stores planned for later in 2024. “These immersive experiences bring to life a unique differentiated store environment with powerful brand storytelling and informed by our customer insights,” said Mary Dillon, CEO of Foot Locker during a call discussing the retailer’s Q4 and full-year financial results.
Retail Wire
MARCH 7, 2024
Rivian, the electric vehicle company, pulled back the curtain on their latest creations during a livestream last Thursday and revealed their latest models.
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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 TouchPoints
MARCH 7, 2024
Discount grocer Aldi will invest more than $9 billion over the next five years on its national expansion plan, which includes adding 800 stores to its U.S. fleet by the end of 2028. To reach that number, the value-priced retailer will use a combination of new store openings and conversions of stores purchased as part of Aldi’s August 2023 acquisition of Southeastern Grocers (SEG).
Inside Retail
MARCH 7, 2024
Cost of living crisis or not, expression through fashion continues to drive the US$21.72 billion apparel industry in Australia. Despite a slight dip in 2020, the global apparel market is set to grow to about US$2 trillion by 2028, from US$1.79 trillion where it sits currently. Locally, women’s apparel represents the largest segment with an estimated market volume of US$11.86 billion; the men’s apparel market is about half of that, worth US$6.35 billion.
Retail Wire
MARCH 7, 2024
A renowned cheese producer, Sargento Foods from Wisconsin, is facing repercussions from recalls connected to Rizo-López Foods, a dairy company in California, due to a lethal listeria outbreak.
Inside Retail
MARCH 7, 2024
In a world where electronic waste is mounting at an alarming rate, one Malaysian startup is leading the charge in revolutionising the smartphone repair industry while championing sustainability. Secondlifeasia, Malaysia’s foremost smart device repair company, has announced its ambitious expansion into Thailand, marking a significant milestone in its journey towards mitigating the environmental impact of electronic consumption.
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
MARCH 7, 2024
New York Community Bank (NYCB) faced a major challenge when its stock plummeted 45% due to investor concerns. To counter this, the bank announced a $1 billion investment from various firms, including one led by former Treasury Secretary Steven Mnuchin.
Inside Retail
MARCH 7, 2024
Despite being predominantly run by women, who make up an estimated 66 per cent of the total retail workforce in Australia, the retail industry continues to grapple with the underrepresentation of women in senior leadership positions and the persistent gender pay gap. While both of these metrics have improved in recent years – two of the country’s biggest retailers will be led by women once Amanda Bardwell takes the reins from Brad Banducci at Woolworths Group in September, following Leah Weckert
Retail Wire
MARCH 7, 2024
Social media users have recently taken to criticizing Five Guys for what they claim are exorbitant prices for their burgers and fries.
Inside Retail
MARCH 7, 2024
Situated in Newcastle’s premier east end, The Station is a 1ha heritage icon property primely positioned for new development and available for long-term lease. The site is zoned for tourism and hospitality, located within walking distance of central public transport, the city’s harbour, beaches and a growing residential hub. A destination rich in history Originally constructed in 1858, the former train station stands as a modern artifact reflecting the long-gone era of detailed Victorian archite
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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
MARCH 7, 2024
A worker for Royal Caribbean Cruises is accused of installing hidden cameras in bathrooms to spy on young women.
Intelligence Node
MARCH 7, 2024
In the digital age, where the battleground for consumer attention is fiercer than ever, “search” has emerged as the cornerstone of eCommerce. Almost every shopper’s journey begins with a search, The post Influencing Choices: How Online Product Visibility is Evolving in Retail appeared first on Blog.
Retail Wire
MARCH 7, 2024
Federal airport security officials have introduced TSA passenger self-screening lanes at Harry Reid International Airport in Las Vegas, aiming to enhance efficiency and test for potential nationwide use.
Retail Gazette
MARCH 7, 2024
M&S is bringing Nobody’s Child pop-up shops to 48 more stores across the UK from this month, bringing its total to 60. As well as bringing the label back to popular locations, including Trafford Manchester, the pop-up shops launch in 24 new locations across the UK, including Bath, Edinburgh, and Nottingham. The 450ft pop-up shops will house a capsule collection of over 30 pieces from Nobody’s Child’s SS24 collection.
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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