Fri.Oct 13, 2023

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Adelaide Central Plaza aims to become Australia’s next luxury retail hub

Inside Retail

Precision Group, along with its luxury retailers, is investing $125 million in Adelaide Central Plaza over the next three years as it intends to make the shopping centre Australia’s next luxury retail hub. Adelaide Central Plaza at Rundle Mall will house Tag Heuer, Tiffany & Co, along with exclusive brands within the David Jones department store, the company said.

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Dollar General Brings Back Former CEO to ‘Restore Stability’

Retail TouchPoints

Dollar General has asked former CEO Todd Vasos to step back into the leadership role. Vasos is replacing Jeff Owen, a 30-year+ Dollar General veteran who was named CEO when Vasos initially retired from the job in July 2022. Vasos remained on the retailer’s board of directors after stepping down. Todd Vasos “The board has tremendous respect for Jeff and greatly appreciates his many contributions to the company, especially during his long tenure leading our retail operations,” said Michael Calbert

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Mexican dining chain La Cabra opens fifth franchise outlet

Inside Retail

The Mexican franchise La Cabra will open its seventh restaurant on Thursday; the Ballarat site is its first regional location. Founders Joshua Smith, Sherinder Kohli and Derrick Chandra started the Melbourne-based business in 2019. Sherinder Kohli told Franchise Executives the sit-down restaurant serves Mexican-influenced food with a bit of an American twist. “We pride ourselves on the quality of our food but we didn’t want to replicate traditional Mexican food.” La Cabra’

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8-Second Attention Spans and Short Videos: The Future of Video-First Marketing

Retail TouchPoints

The average American adult’s attention span is a staggering 8.25 seconds. In an era of goldfish-esque attention spans, short videos have emerged as a powerful marketing tool. These concise visual stories, typically under a minute long, have become a part of our daily lives and are now an essential means for businesses to connect with their audiences.

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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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Tesla pays penalties for breaching button battery safety standards

Inside Retail

Tesla Motors Australia has paid fines worth $155,460 for failing to comply with mandatory safety standards for products powered by button batteries. The Australian Competition & Consumer Commission (ACCC) alleges Tesla failed to conduct safety tests before supplying three of its key fob models and two of its illuminated door sill models. The car manufacturer also failed to provide the mandatory safety warnings on these products.

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How Bask Suncare is Leaning into the Newness of Instagram’s Threads

Retail TouchPoints

Like many other brands in the direct-to-consumer (DTC) space, Bask was eager to test Threads when it launched in July 2023. The suncare brand is always looking for new and different ways to engage with its audience, and Threads was promoted as an extension of Instagram, its most valuable social platform. “The moment we saw that Instagram — the platform where we have our most robust following — was launching a Twitter competitor we set a notification for launch,” said Mike Huffstetler, Founder an

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Hy-Vee Bolsters Retail Media Strategy with Digital Signage, Dynamic Content

Retail TouchPoints

Hy-Vee is implementing Samsung Ads to support its retail media strategy. Brand marketing teams will now be able reach customers via Samsung Connected TVs, Direct Out-of-Home (OOH) advertising and now, in-store displays. With advanced measurement, targeting and programmatic transactional technology, Samsung and Hy-Vee’s retail media network, RedMedia , will help suppliers and brands reach specific customers across channels, including the retailer’s in-store marketing, loyalty programs and events.

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Google Unveils ‘Visitor Experience’ Center Near Headquarters for Public Access

Retail Wire

Google has inaugurated its “Visitor Experience” center, allowing public access to a part of its Mountain View campus in California. While.

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Sorel Paints Brooklyn Orange with New Pop-Up

Retail TouchPoints

Footwear brand Sorel has collaborated with MG2 and The Lionesque Group on a Brooklyn-based pop-up to celebrate the 50th anniversary of its. The anniversary celebration coincides with the release of a celebrity design collaboration with musician and actress Chloe Bailey. The 950-square-foot store, open through Oct. 22, 2023, is engulfed in 25 gallons of Optimized Orange paint, 650 feet of printed vinyl and custom display fixtures and lighting.

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Nearly half of Gen Z will buy holiday gifts on social media, survey finds

Retail Dive

Many in the generation expect to spend more than last year and will shop earlier if retailers introduce discounts sooner, according to a Shopify report.

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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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Pet Supplies Plus Debuts Recycling Stations Chainwide

Retail TouchPoints

Pet Supplies Plus and sister retailer Wag N’ Wash have introduced in-store recycling stations for pet food packaging chainwide. Customers can drop off any brand of eligible empty plastic pet food and treat bags in designated bins, with the collected waste sent to TerraCycle to be cleaned, sorted and reduced into material that can be remolded to make new recycled products.

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IKEA Maintains Commitment to China Despite Economic Slowdown

Retail Wire

IKEA's parent company, Ingka Group, affirms China's importance as a growth market, even as it slips to 10th place in revenue rankings.

Marketing 113
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Netflix Plans Permanent Brick-and-Mortar Locations Beginning in 2025

Retail TouchPoints

Netflix is reportedly planning to open permanent brick-and-mortar stores, beginning in 2025 with two in the U.S. followed by a global rollout, according to Bloomberg. Dubbed “Netflix House,” the stores will offer dining, live experiences and retail options related to the streaming service’s shows, including a Squid Game -themed obstacle course. The stores will have rotating installations, including ticketed shows inspired by popular series, and restaurants featuring food from its unscripted show

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BREAKING: Next snaps up FatFace for £115m

Retail Gazette

Next has acquired FatFace in a takeover deal for £115.2m In a release, it said the sale of the fashion retailer is expected to take place within the next few weeks. Next will hold 97% of the equity while FatFace’s management will hold 3% in the business. Will Crumbie, who joined FatFace as CFO back in 2014 before stepping into the chief executive role in 2021, will continue to lead the business.

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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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Bank of America Survey Reveals Gen Z Adapting to Inflation, Prioritizing Home Cooking and Essentials

Retail Wire

Persistent inflation has led 73% of Gen Z Americans, ages 18 to 26, to make lifestyle changes, according to a Bank of America survey.

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Tesco to hire 30,000 extra staff this Christmas

Retail Gazette

Tesco has kicked off its festive recruitment drive to fill 30,000 temporary roles across the UK to help meet demand ahead of the busy Christmas period. The supermarket said the jobs are mainly in its Extra and Superstores and could involve working on checkouts, picking orders for home delivery or replenishing the store across early morning, day or evening shifts.

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TikTok Users Uncover Clever Starbucks App Hacks for Budget-Friendly Drinks

Retail Wire

Savvy TikTokers are sharing ingenious methods to score discounted Starbucks beverages using the chain’s mobile app. For instance, a University of.

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Iceland extends ‘shop in shop’ partnership with The Range

Retail Gazette

Iceland Foods and The Range have extended their partnership by introducing further “shop in shop” formats. New Iceland concessions have been unveiled in four The Range stores in Bradford, Bolton, Weston-super-Mare and Weymouth. Meanwhile, two more are on the way for the home, leisure and garden retailer’s Glenrothes and Oswestry branches.

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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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Unveiling the Dominant Influencers Driving Sales on Amazon Live

Retail Wire

Influencers have become a powerful force on Amazon Live, the platform that rewards creators with commissions for sales.

Marketing 113
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Prime Big Deal Days beat last year’s fall sale, Amazon says

Retail Dive

The e-commerce giant said hundreds of millions of items sold but didn't disclose exactly how much consumers spent during the event.

Consumer 125
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Arc’teryx Expands Retail Presence in Covent Garden with New Flagship Store

365 Retail

Shaftesbury Capital has confirmed that Arc’teryx , the outdoor apparel and accessories brand from Canada, is set to expand its retail space in Covent Garden with a new flagship store at 42 King Street. This development underscores the brand’s ongoing success and commitment to the area, further enhancing Covent Garden’s reputation as a hub for premium retailers.

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Dollar General CEO out after less than a year

Retail Dive

The discount retailer said it brought back former CEO Todd Vasos to replace Jeff Owen “to restore stability and confidence” in the company.

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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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FTC Proposes Rule Banning “Junk Fees”

Hunton Andrews Kurth

The FTC announced a Notice of Proposed Rulemaking (NPRM) targeting misleading and hidden fees, commonly known as “junk fees,” and how businesses may advertise and market prices to consumers. The NPRM was drafted based on over 2,000 public comments to the FTC’s Advance Notice of Proposed Rulemaking published in November 2022. The proposed rule would prohibit businesses from advertising prices for goods or services that hide or omit mandatory fees (“hidden fees” imposed later but before the purcha

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Apollo Global Acquires Wagamama Owner, The Restaurant Group, in $623 Million Deal

Retail Wire

Private equity firm Apollo Global is set to take over Wagamama owner The Restaurant Group (TRG) in a £506 million ($623.

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Progressive Brokers $4.5 Million Sale of Single-Tenant Property in Southern California

Shopping Center

Indio, Calif. — Progressive Real Estate Partners has brokered the $4.5 million sale of a single-tenant property located in Indio. DaVita Dialysis occupies the building. Greg Bedell of Progressive represented the… The post Progressive Brokers $4.5 Million Sale of Single-Tenant Property in Southern California appeared first on Shopping Center Business.

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Former CEO Returns to Dollar General Amid Sales Slump and Safety Concerns

Retail Wire

Dollar General has rehired former CEO Todd Vasos amid slowing sales growth and safety concerns.

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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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Party City emerges from bankruptcy, CEO to exit

Retail Dive

Brad Weston will step down from the top executive role, while current Chief Commercial Officer Sean Thompson will become the company’s interim.

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Top 5 TVs for Digital Signage

Kuusoft

Using TV menus and digital displays can make a big difference in engaging customers and employees. Studies show… The post Top 5 TVs for Digital Signage appeared first on The Official Kuusoft Blog.

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Retail conferences to watch in 2024

Retail Dive

Next year’s conferences and expo dates and locations have already been released. The events will connect retail executives, technology, supply chain providers, investors and other industry players.

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Mastering the back-to-school season by focusing on agile inventory management

Retail Customer Experience

For brands and retailers, connecting the online and in-store shopping experiences can boost sales and build brand loyalty into the future.

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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