Mon.Apr 15, 2024

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When creativity gets reduced to a commodity: What is the real cost of dupes?

Inside Retail

Knockoffs, fakes, replicas and imitations have long held a place in retail but dupes and their growing acceptability on TikTok have taken consumer behaviour to new heights. No product category appears to be safe with the existence of retailers dedicated to systematically ripping and profiting off popular designs, products and formulas. Sydney-based entrepreneur, Julia Sakr, founded the luxury dog-bed brand, Barney, one of the brands that was “duped” recently by multinational supermarket Aldi.

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Tesla Lays Off Over 10% of Workforce

Retail Wire

Tesla announced significant layoffs on Sunday night, affecting over 10% of its global workforce. Some employees discovered they were laid off when their badges failed to grant them access to company facilities.

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Shein Accused of ‘Industrial-Scale’ Copyright Infringement in New Class Action Lawsuit

Retail TouchPoints

The legal hits keep on coming for Shein even as the discount shopping app continues to draw shoppers and generate sales in droves. The ecommerce platform — which already is dealing with a number of lawsuits and legislative investigations — is now also facing a class action lawsuit for copyright infringement, filed April 5 in the Southern District of New York.

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Drug Shortages Surge and Crisis Grips US Pharmacies

Retail Wire

Drug shortages in the United States have hit a record high, ringing alarm bells for pharmacists nationwide. The American Society of Health-System Pharmacists (ASHP) and Utah Drug Information Service jointly reported a staggering 323 active drug shortages in the first quarter of the year.

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From Concept to Deployment: Building Commerce Storefronts with Composable UI

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Totally Workwear eyes store network expansion after brand revamp

Inside Retail

Totally Workwear, Australia’s largest network of workwear specialist destinations, has revealed its plan to add more stores across the country following its rebranding late last year. The company said it has entered the sustained profitable growth phase of its strategic plan, which includes a series of initiatives to enhance system scalability and a network development framework supporting franchisees with footprint growth.

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Here’s Why Coke Tastes Better at McDonald’s

Retail Wire

Apparently, we can thank science for Coca-Cola always tasting better at McDonald's.

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Google News Blocks California Media News Links in Response to Proposed Law

Retail Wire

Google has decided to block links to California news websites due to proposed state legislation that would require big tech companies to pay news outlets for their content.

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Savers to open first Sydney store in Hoxton Park Prestons

Inside Retail

Thrift retailer Savers is opening its first Sydney store in the suburb of Hoxton Park Prestons on May 30. The new 1590sqm store will stock more than 100,000 pre-loved items including clothing, accessories and home goods and over 25,000 unique finds arriving weekly. Savers is known as a second-hand shopping destination with the majority of its items priced under $10. “At a time when the cost of living and demand for sustainable shopping solutions are surging, now is the right time for Saver

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Rising Inflation Concerns Rattle Markets and Policymakers

Retail Wire

Inflation is on the rise, catching many by surprise as prices climb stubbornly higher. Markets, investors, and economists alike are grappling with the unexpected inflation pressures that have marked the start of 2024.

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Opinion: Why the current supermarket inquiries are so threatening 

Inside Retail

Over the decades, Australia’s major supermarkets have emerged from various parliamentary and regulatory agency inquiries, not to mention political, media, union and consumer group pressures, relatively unscathed. A little bruised, a tad constrained but unbroken and unbowed. There have been legitimate concerns about the consequences of the dominance and concentrated power of Woolworths and Coles in the grocery market.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: David Nisbet, 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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LensCrafters Promotes Eye Health with Second Season of Immersive Roblox Odyssey

Retail TouchPoints

LensCrafters has launched the second season of its Roblox Eye Odyssey series, World of Optics , featuring games that mimic the tests in a comprehensive eye exam. The series’ first season has engaged more than 300,000 users since its debut in October 2023. In the metaverse experience, users help Blinky, a friendly eye-bulb character, overcome challenges caused by prolonged exposure to screens and learn about appropriate eyecare habits to help maintain healthy vision.

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Tesla Pauses Cybertruck Deliveries Due To Alleged Unforeseen Delays

Retail Wire

Tesla has pressed pause on Cybertruck deliveries and informed buyers that there has been an unexpected delay.

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China Offers ‘Strong Financial Support’ to Help Boost Recycling of Household Appliances

Retail TouchPoints

Seeking to increase consumer recycling of used household appliances, the Chinese government has pledged to update regulations and provide “strong financial support for large-scale equipment renewals and trade-ins of consumer goods,” according to a statement by the English-language channel of the country’s State Council. The government’s plan is to boost the recycling percentage of household appliances 30% by 2027 compared to 2023.

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LEGO Doubles Its Revenue Growth Over the Past Decade by Targeting Adult Fans

Retail Wire

LEGO has expanded its appeal beyond children and successfully targeted adults, doubling its revenue over the past decade.

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Get MACH Ready with Orium, Commercetools, and Contentstack

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4 Strategies from the Most Visible Retail Brands

Retail TouchPoints

In today’s retail industry, marketers are under tremendous pressure to hone their strategies in order to elevate their digital presence above that of competitors. Demand, social engagement and customer preferences are always evolving, together and separately. It’s crucial for retail marketers to adapt accordingly. Fortunately, retailers can learn valuable lessons from the most digitally sophisticated retail brands.

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Momofuko Will No Longer Enforce Chile Crunch Trademark After Small Business Blowback

Retail Wire

The restauranteur has backed down from enforcing his Chile Crunch trademark.

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Superdry landlords to lose out under new turnaround plan

Retail Gazette

Superdry landlords are expected to bear the brunt as the retailer prepares to launch a new restructuring plan this week in the latest attempt to turnaround the business. The ailing fashion retailer confirmed on Monday it was in the “advanced stages” of preparing a restructuring plan and expects to launch it “in the coming days”. However, it said there is no certainty the plan will be implemented.

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Mercedes-Benz Unveils Upgraded 2025 EQS Electric Sedan

Retail Wire

Mercedes-Benz has announced significant upgrades to its EQS electric sedan for the 2025 model year.

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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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Tesco teases new Clubcard Prices logo after Lidl defeat

Retail Gazette

Tesco has teased the new design for its Clubcard prices after a High Court ruled its yellow circle in a blue square infringed Lidl’s trademark for its similar yellow circle branding. Britain’s largest supermarket has begun the process of replacing millions of Clubcard Prices logos with the new branding over the coming weeks, starting with its app.

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US Steel’s Merger With Nippon Steel Faces Uncertain Future

Retail Wire

In a landmark decision, U.S. Steel shareholders approved a $14 billion acquisition deal by Japan’s Nippon Steel. However, the road ahead for this merger is fraught with challenges.

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NAI Michael Cos. to Develop 600,000-Square-Foot Mixed-Use Project in Bowie, Maryland

Shopping Center

Bowie, Md. — NAI Michael Cos. will develop South Lake Marketplace, a 600,000-square-foot mixed-use project within the $1.3 billion South Lake development underway in Bowie. Karington LLC, an affiliate of NAI… The post NAI Michael Cos. to Develop 600,000-Square-Foot Mixed-Use Project in Bowie, Maryland appeared first on Shopping Center Business.

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Inside a closing Macy’s store

Retail Dive

CEO Tony Spring surprised the industry with a new tranche of 150 department store closures, 50 of which are shuttering in 2024. Here’s what that looks like.

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From Data to Decisions: Maximizing Retail Potential With AI

Discover how retailers are transforming data into actionable insights for growth. By leveraging data and analytics to their potential, retailers can enhance decision-making, improve customer experiences, and streamline operations to stay ahead of the competition. From Data to Decisions: Maximizing Retail Potential With AI, authored by Orium, commercetools, and Google Cloud, demonstrates how businesses can unify and activate data across the tech stack to achieve retail excellence and create growt

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Primark drops prices of kids summer essentials

Retail Gazette

Primark has lowered the price on hundreds of its essential kids’ clothing and accessories as part of its commitment to keep prices down. The fashion retailer has cut the price of selected products in its spring/summer range, including swim shorts and swimsuits, t-shirts and shorts, sliders and baseball caps, by an average of 21%. It said a simple t-shirt, swim shorts, sliders and a baseball cap can be picked up for 16% cheaper than last year at £10.50.

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New Brands Set to Join Covent Garden’s Seven Dials

365 Retail

Covent Garden’s Seven Dials is preparing to introduce several new brands, including the heritage candlemaker Trudon in its first UK bricks-and-mortar debut, the innovative piercing studio Metal Morphosis , and the expanded salon of hair specialists Hadley Yates. Trudon, the renowned French candlemaker established in 1643, will open its doors in June.

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Sports Direct’s Newcastle United replica kits deal injunction fails

Retail Gazette

Sports Direct has failed in its quest to have Newcastle United sell its kit for the upcoming season kit in its stores. The Frasers Group-owned retailer filed a claim last month to the Competition Appeal Tribunal (CAT) stating that the football club refused to supply its replica 2024/25 kit. Newcastle United’s reasons were that it had agreed to an exclusive retail arrangement with JD Sports to sell the upcoming season’s replica kit.

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Cisco Telemetry Broker (CTB) 2.1 Launch

Cisco Retail

The ability to generate NetFlow from devices that do not natively produce it along with significant storage efficiency and improved workflows make for a significant update to CTB.

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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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The Body Shop plans to slash tax bill if it exits administration

Retail Gazette

The Body Shop administrators have been working on a deal to cut its tax bill in order to boost cash for creditors facing losses following its collapse. The administrators have drawn up proposals to retain £66m worth of tax benefits racked up before it fell into insolvency, as they seek creditors’ approval over a restructuring agreement. The creditors will benefit from a proposal to protect tax losses, which may be used to lower corporation tax due in the future, if The Body Shop can be res

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Next-Level Customer Satisfaction: How Smart Logistics Are Transforming Online Shopping

365 Retail

Gone are the days of waiting weeks for your online orders to arrive. E-commerce has evolved rapidly, and customer satisfaction is at the heart of these changes. Over the years, the retail industry has had to constantly adapt to meet the ever-growing expectations of savvy online shoppers. These days, it’s all about logistics, logistics, logistics. Retailers are facing a major challenge – how do they keep up with customers who want their purchases delivered faster, more efficiently, and with

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Nike leans on Air for multiyear innovation cycle

Retail Dive

After acknowledging the need for more innovation, the sports brand is rolling out a new product lineup and an athlete co-creation process.

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Understanding the Importance of Content Compliance in eCommerce

Wiser

In the era of digital transformation, brands face an increasingly complex web of content compliance obligations. As the guardians of your brand’s online presence, understanding the critical importance of monitoring content compliance is paramount. This blog post explores the essence of content compliance and why it’s crucial for your brand.

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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.