Mon.Dec 12, 2022

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Lanvin Group to make NYSE debut this week

Inside Retail

Chinese-headquartered luxury fashion group Lanvin and Primavera Capital Acquisitions Corporation says shareholders have approved the combination of the two businesses and Lanvin’s debut on NYSE this week. The merger is expected to close tomorrow (December 14) and Lanvin will start trading on the stock exchange on Thursday under the ticker ‘LANV’. “Going public is a natural step for Lanvin Group right now,” said Joann Cheng, chairman and CEO of Lanvin Group.

Fashion 246
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Store staff shortages lead to unhappy customers

Retail Wire

Customers are finding that stores and restaurants are operating on shorter schedules and have fewer employees on hand to help with their questions. Mall operator Taubman Centers finds that many retail tenants are opening stores later to reduce labor costs.

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Robots set their sights on a new job: sewing blue jeans

Inside Retail

Will a robot ever make your blue jeans? There is a quiet effort underway to find out — involving clothing and technology companies, including Germany’s Siemens AG and Levi Strauss & Co. “Clothing is the last trillion-dollar industry that hasn’t been automated,” said Eugen Solowjow, who heads a project at a Siemens lab in San Francisco that has worked on automating apparel manufacturing since 2018.

Apparel 246
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Retail predictions, customer loyalty, and holiday merchandising - Weekly Snacks #36

Tokinomo

Christmas commercials. Relaxed Christmas. Oh, the Christmas holiday! A few days off that are filled with overbuying, cooking, and time spent with friends and relatives. Sometimes, these activities can drive you nuts. Well, Lidl’s commercial depicts the “Cool Uncle” that has everything under control during the holiday season. Check out this “easy” commercial.

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From Data to Decisions: Maximizing Retail Potential with 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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Why partnerships should be your go-to for global growth in 2023

Inside Retail

With some predicting a technical recession for Australia next year , expanding your brand’s global footprint might not seem like the best idea right now. However, the outlook isn’t quite as bleak for the retail industry in particular. According to Forrester, cross-border shopping will grow to make up 17 per cent of global e-commerce next year. And while the ongoing cost-of-living crisis isn’t good news for retailers, the Economist predicts that e-commerce will still experience strong growth in S

Consumer 243
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CNBC: Walmart-Backed Startup Planning to Launch BNPL Service

Retail TouchPoints

Walmart -backed startup One is reportedly preparing to launch a buy now, pay later (BNPL) payment service as soon as next year, people familiar with the matter told CNBC. The company was motivated by the pressure of inflation and its impact on shoppers’ needs. Walmart has been a beneficiary of shoppers trading down to save on staples — approximately 75% of its market share gains in grocery over the past two quarters have come from households that make more than $100,000.

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Columbia Care to Pilot New In-Store Retail Media Offering Designed for Cannabis Dispensaries

Retail TouchPoints

Marketing and regulatory consultancy Fyllo has launched a new retail media network (RMN) created specifically for the cannabis sector. The Fyllo Connect RMN platform will allow brands to reach and engage cannabis consumers at the point of purchase to grow awareness, offer deals and drive purchases through the company’s interactive, inventory-aware digital screens.

Marketing 214
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Tessuti marks its Ireland debut at Victoria Square Belfast

Retail Focus

Premium fashion retailer Tessuti has launched its first flagship store in Ireland. Tessuti is part of the JD Sports Group and has launched a 12,900 sq ft unit in the prime William Street entrance to Victoria Square. The Northan Ireland store stocks designer collections for men, women, and children, featuring brands such as POLO Ralph Lauren , Billionaire Boys Club, Parajumpers, Versace Jeans Couture, Moose Knuckles, Sandbanks , Emporio Armani , and many more.

ATS 162
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TA3 Swim Lowers Return Rates 47% with Virtual Fitting Room Tech

Retail TouchPoints

Selling swimsuits online was proving challenging for TA3 Swim due to customers often incorrectly choosing their own sizes — a problem for all apparel and footwear retailers, but particularly for the body-hugging styles sold by TA3 Swim. But when the brand incorporated virtual fitting room technology from AI-first mobile body measuring company 3DLOOK , the solution helped TA3 Swim cut its size-related customer return percentage nearly in half, to 9% , over a six-month period.

Returns 214
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Businesses in China’s Wuhan face fresh worries after Covid easing

Inside Retail

Infections are delivering a fresh kick in the teeth for many small businesses in China’s central city of Wuhan, despite the easing of most stringent curbs last week. With the sick and those fearing infection keeping to their homes, hopes of brighter prospects after the end of lockdowns are evaporating, at least for now, with the government showing few signs of stepping in to help. “I simply can’t go on,” said Zhu Chongping, 60, as he looked around his empty restaurant, wh

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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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Albertsons Scores a Win as Judge Denies Injunction to Stop Shareholder Payout

Retail TouchPoints

A Washington State court has ruled in favor of Albertsons , denying a request by the state’s Attorney General Bob Ferguson for a preliminary injunction against the grocery retailer’s $4 billion ( $6.85 per common share) special dividend payout to its shareholders. The supermarket retailer planned to deliver the payout ahead of its acquisition by Kroger , but the deal between the two grocery giants is currently undergoing regulatory review.

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How retailers can tap into the power of nostalgia at Christmas

Inside Retail

Going shopping is one of a child’s primary memories. It is one of our first and most powerful experiences of encountering the wider world outside of the home. First, we accompany mum or dad on shopping trips. Later, one of our greatest rites of passage is to go up to a counter and buy something ourselves. This tests our confidence. Initially, we need a parent nearby to support us as we transact in an impersonal and more demanding world.

ATS 130
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5 Customer Data Management Dangers and how to Improve Your Overall Policy

Retail TouchPoints

Did you know that 92.3% of companies use data to collect information about customers and sales prospects? However, if collected improperly or incompletely, you can wind up in some pretty big pitfalls. Here are five customer data management dangers that can happen when you incorrectly store, manage and process data. Plus, we will go over how to improve your overall policy. 5 Customer Data Dangers.

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“Frustrated”: Lovisa staff call out underpayment, poor workplace culture

Inside Retail

Australian jewellery chain Lovisa has come under fire for allegedly withholding wages and breaks from staff , and encouraging unpaid work. The allegations have been put forward by law firm Adero Law, which is investigating the claims on behalf of casual, part-time and full-time employees of Lovisa, and if they are found to be true, may pursue a class action to retrieve compensation.

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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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Staples, Amazon Trial Returns Drop-off Program

Retail TouchPoints

Amazon and Staples are piloting a new program that will see the office supply chain join a growing roster of brick-and-mortar retailers that accept returns on behalf of the ecommerce giant. “We have begun testing select Staples locations as drop-off points for Amazon returns,” said Amazon spokesperson Lauren Samaha in remarks shared with Retail TouchPoints, adding that Amazon is “always innovating on behalf of our customers and identifying convenient solutions to shop and make returns.”.

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How Hey Bud’s partnership with Priceline is helping to reduce hemp stigma

Inside Retail

Hemp-based brand Hey Bud Skincare has launched into Priceline stores nationwide. Since its official launch in 2020, Hey Bud has accumulated over $10 million in sales, and built a customer base exceeding 110,000 people. Founders Alex Roslaniec, Fedele D’Amico and Ollie Watts told Inside Retail that the brand was looking for a relevant distribution partner that suited its customer demographic – which tends to be people aged between 25 to 34 years old – and found that their customers were already s

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Inflation puts Americans on a budget for Christmas

Retail Wire

Fifty-five percent of adults in a Gallup poll this month said that inflation has caused financial hardship for their households. That has put many in the position of having to cut back on the amount of money they spend on Christmas gifts and other items for the holidays.

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Can You Price Below MAP Prices?

Wiser

If you work in the retail industry, you’ve likely heard of or encountered a MAP policy. Online shopping has exponentially increased the ease with which consumers can find products and compare prices between different retailers, so MAP has become a crucial aspect of product selling for many manufacturers. MAP policies can also help set an expectation for the price of certain products across the market, which is helpful for smaller businesses that are looking to sell products based on value

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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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Shein may open its own online marketplace

Retail Wire

Shein is weighing whether it makes more sense to open its platform to other merchants in an online marketplace or continue to go it alone. “The marketplace platform makes available a range of additional merchandise and shipping options, and we expect it to result in increased customer engagement and satisfaction,” said an internal memo obtained by The Wall Street Journal.

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10 Businesses for Sale in December

Small Biz Trends

If you are looking to start the new year as a new business owner or looking to add to your portfolio, an established business is one of the best ways to go about it. The 10 businesses for sale in December include a range of industries and price points suitable for new and experienced entrepreneurs. Why an established business? Well, for new business owners it provides a great way to gain experience without having to worry about finding a customer base and the challenges of cash flow.

Jewelry 131
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5 Brands Making Strides to Unlock Retail Sustainability Amid Climate Change

Intelligence Node

A New Era of Sustainable Retail The final sprint leading up to the year 2023 has made for some powerful headlines in the realm of sustainability. With calls of ‘greenwashing’. The post 5 Brands Making Strides to Unlock Retail Sustainability Amid Climate Change appeared first on Blog.

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Consumers buy outdated and short-dated items to stretch their food dollars

Retail Wire

Stores that sell only foods that are near or past their sell- or use-by dates are doing a big business as rising prices make it harder for Americans to buy the groceries they need.

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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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How to Get a Business Loan with Bad Credit in 2023

Small Biz Trends

Your personal credit score is one of the most important factors lenders look at when deciding whether to give you a business loan. A low credit score can make it difficult to get approved for a loan and can lead to high-interest rates and other penalties. In this article, we’ll discuss how to get a business loan with bad credit in 2023. Let’s get started!

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The office holiday party is back

Retail Wire

Office parties seemed like they might become a thing of the past when the pandemic hit the U.S. in 2020, however, many companies are bringing their annual celebrations back even as businesses still have large numbers of workers doing their jobs offsite.

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Kellogg’s expands Crunchy Nut offering with new Salted Caramel Flavour Twist

Talking Retail

Kellogg’s has expanded its Crunchy Nut offering with the introduction of new ‘Salted Caramel Flavour Twist’. The cereal giant’s latest launch is a twist on the original Crunchy Nut flake and marks the first time the brand has adapted its classic honey-nut coated, golden flakes since it launched in 1980. The expansion of the range. This story continues at Kellogg’s expands Crunchy Nut offering with new Salted Caramel Flavour Twist.

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Court gives Washington state AG time to appeal order allowing Albertsons to pay $4B dividend

Retail Wire

A Washington State Court is extending a temporary restraining order preventing Albertsons Companies from distributing a $4 billion special dividend to shareholders as part of its proposed merger with Kroger.

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Retails 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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‘There’s the right home for any brand’: Why retail keeps turning to Los Angeles

Retail Dive

The City of Angels — with its various neighborhoods and shopping streets — has risen to the top for many of today’s direct-to-consumer brands.

Consumer 103
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Employers can legally ask salaried employees to sleep at work

Retail Wire

Elon Musk, aside from zoning requirements, is within his legal rights to place beds in Twitter’s offices and demand that salaried workers stay on the job. Requiring workers to stay in the office around the clock, however, points out a flaw in Mr. Musk’s demand that Twitter employees no longer work from home. “If we’ve shown some work can be done remotely, but those employees are mandated to return to the office and then told, ‘Now that you’re at the office, you should also sleep at t

ATS 100
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Old Gringo Strides Into Bricks-and-Mortar Retail

VMS

Western footwear brand Old Gringo (Houston) has opened its first-ever flagship store , in Fort Worth, Texas. Located within the historic Stockyards Station, the new retail shop features over 100 styles of Old Gringo’s trademark boots, including in-store exclusives. Inside, guests experience an ode to Fort Worth’s history, including modern Western displays and a bar, as well as a covered patio to take in the city’s twice-daily cattle drive.

Apparel 95
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Howard Schultz’s friends say fight with union is personal

Retail Wire

People who know Howard Schultz say the three-time CEO of Starbucks takes unionizing activity at the chain personally because he thinks it reflects poorly on the company’s image as an employer. Jeffrey Katzenberg, the former CEO of DreamWorks Animation, says that Mr. Schultz believes: “Your assets turn out the lights and walk out the door at night.”.

ATS 100
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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.