Mon.Nov 29, 2021

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Gift Card Purchases Up 414% as Americans Shift to ‘Buy Now, Shop Later’ Mindset

Retail TouchPoints

Gift cards are shaping up to be a holiday hero this season, as consumers and retailers continue to grapple with supply and shipping issues. The latest data from the Adobe Digital Economy Index revealed that out-of-stock messages rose a whopping 325% in October 2021 compared to the same month in pre-pandemic times (way back in 2019), and in the last month alone consumers have been hit with more than 2 billion out-of-stock messages online.

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How China’s retail revolution could change the way the world shops

Inside Retail

China’s dominance in manufacturing has made it the factory of the world. The subsequent economic growth enriched an ever-expanding middle class, and the country’s retail industry has quickly adapted to supply a growing appetite for consumption. Some of these developments in the way people spend their money, powered by the latest technology, will soon be appearing on a device near you.

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Top 5 Ways Retail Brands Can Win with Gen Z

Retail TouchPoints

As we look at what is filling the diminishing role that religion plays in the lives of Gen Z , we can clearly see this generation gravitate toward products, services and experiences that provide ways for them to take care of their physical and mental well-being and offer them community and social connection. According to a Current Forward survey of 2,000 Gen Zers and millennials, Nike received top mentions as a brand that reaps benefits similar to loyal followers or enthusiasts of religions.

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SurfStitch managing director stepping down this week

Inside Retail

Justin Hillberg, managing director of shared services of SurfStitch-owner Alquemie Group, is stepping down from his role leading the surf brand’s restructure at the end of this week. “While leaving was a difficult decision, the timing for an exit feels right for me and the business,” Hillberg said. “The Alquemie Group remains in a very strong position with exciting plans for the future and a strong executive team that is focused on delivering growth.”.

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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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Secondhand sales are not disrupted by supply chain woes

Retail Wire

Companies engaged in selling secondhand goods have a strong message at this point in time. Pricing remains a value in an inflationary period and inventory remains solid despite the supply chain disruptions affecting sellers of new goods. “While many retailers have been forced to raise prices due to inflation or supply chain pressure, we do not have the same level of exposure,” James Reinhart, CEO of ThredUp, said on the company’s third quarter earnings call.

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Ebay cements focus on $1bn sneaker market with authenticator acquisition

Inside Retail

Ebay has picked up Sneaker Con Digital: a business it had partnered with to power its Authentication Guarantee on sneaker sales across the globe. The details of the deal were not disclosed. The online marketplace launched its Authenticity Guarantee last year in the US and in May in Australia , allowing customers who purchase sneakers to have the items passed through dedicated authentication centres in New York or Las Vegas for physical inspection – by Sneaker Con – and to have international deli

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More Trending

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Meet the Aussie smart farm that made a statement at COP26

Inside Retail

Bartle Frere Bananas, an award-winning Queensland banana farm that supplies fruit to the nation’s biggest supermarkets, showcased its smart farm technology on the world stage earlier this month at the UN Climate Change Conference (COP26) in Glasgow. The Bartle Frere Bananas case study featured in Hitachi’s COP26 presentation, Technology and Data Are Key to Save the Environment to demonstrate how artificial intelligence (AI), machine learning (ML) and sensor technology can support sustainable foo

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Tight inventory and skimpier discounts will limit Cyber Monday sales

Retail Wire

U.S. retailers are expected to generate fewer dollar sales for Cyber Monday than they did last year as limited inventory and less sharply discounted fail to move consumers. “We’ve seen the lowest holiday discount rates in recent history,” said Rob Garf, general manager of retail at Salesforce. “There won’t be more presents under the tree this year.

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Romance Was Born takes home top award at Australian Fashion Laureate

Inside Retail

Anna Plunkett and Luke Sales of Romance Was Born have been named Australia’s fashion designers of the year at the Australian Fashion Laureate. The event, which seeks to recognise and highlight the talent across Australia’s fashion industry, also awarded Maara Collective’s Julie Shaw as Indigenous Designer of the Year, while Bassike’s Deborah Sams and Mary Lou Ryan took home Sustainable Innovation of the Year.

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Appnovation unveils a Series of Strategic Initiatives to Support its Retail and Commerce Expansion

Retail Focus

As the global digital consultancy continues on its growth trajectory, Appnovation announces new leadership talent, several strategic partnerships in the retail and commerce industry and its acceptance into the MACH Alliance. Building on its existing roster of work with global retail and commerce clients , the series of initiatives solidify Appnovation’s position as a global provider of cutting edge retail and commerce solutions, helping its customers deliver innovative digital experiences that d

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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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Peak season sales are off to a good start. But don’t relax just yet

Inside Retail

Boosted by the Black Friday and Cyber Monday sales, November has overtaken December for retail sales for the past three years. November 2021 seems likely to again be crucial to Christmas trading results for retailers with consumers having been urged to shop early to avoid possible product shortages. Emerging from lockdowns and restrictions, retailers are juggling increased costs for imported goods and transport as well as supply chain challenges when they most need a boost in sales and profitabi

Consumer 130
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Federated Learning With FLARE: NVIDIA Brings Collaborative AI to Healthcare and Beyond

Nvidia

NVIDIA is making it easier than ever for researchers to harness federated learning by open-sourcing NVIDIA FLARE , a software development kit that helps distributed parties collaborate to develop more generalizable AI models. Federated learning is a privacy-preserving technique that’s particularly beneficial in cases where data is sparse, confidential or lacks diversity.

Planning 140
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Why Viktoria & Woods is about creativity, inclusivity and sustainability

Inside Retail

Margie Woods launched her fashion label Viktoria & Woods in 2004 in Melbourne to offer women timeless pieces in their wardrobe, with knitwear at the heart of it. Here, she discusses adjusting to changing consumer sensibilities, the brand’s sustainability efforts and the role young parents on staff have played in expanding the label’s range. Inside Retail : Now that 2021 is drawing to a close, how are you feeling about the New Year for the business?

Fashion 130
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Simplify Network Security with Cisco Secure Firewall-as-a-service (FWaaS) on AWS

Cisco Retail

Introduction. With traditional firewalls, network security teams are charged with the heavy lifting of deploying new solutions. They are responsible for a variety of costs, including licensing, appliance, related infrastructure updates, and ongoing maintenance. From a time-value perspective, inserting firewalls also creates additional complexity for NetOps and SecOps teams, delaying time to deployment in production environments due to design and testing required to integrate the new firewall int

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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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Australia’s supply chains should never look the same again

Inside Retail

The Australian Consumer and Competition Commission released a worrying report into the state of the world’s global ports and supply-chain networks – and the impact this is having on Australia – in November. It painted an accurate picture: our supply chains – for long years rigid, brittle, and elongated – failed in the face of the pandemic, exposing vulnerabilities that had existed without any incentive to fix them.

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NVIDIA AI Enterprise Helps Researchers, Hospitals Targeting Cancer Hit the Mark

Nvidia

Whether facilitating cancer screenings, cutting down on false positives, or improving tumor identification and treatment planning, AI is a powerful agent for healthcare innovation and acceleration. Yet, despite its promise, integrating AI into actual solutions can challenge many IT organizations. The Netherlands Cancer Institute (NKI), one of the world’s top-rated cancer research and treatment centers, is using the NVIDIA AI Enterprise software suite to test AI workloads on higher-precision 3D c

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AI linked to soaring revenues during holiday retail boom

Inside Retail

Two years of unprecedented disruption to retail have brought us to a holiday season that’s sure to be dominated by e-commerce. Retailers who’ve spent the pandemic stepping up their digital game will enjoy the benefits of what’s predicted to be a lucrative online spend – with consumers emerging from the pandemic primed to do their holiday shopping from the comfort of home.

Consumer 130
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Cisco Security Heroes: The power of partnerships, employee education, and zero trust policies

Cisco Retail

Today’s cybersecurity universe shares many similarities with the Marvel Universe. There’s bad guys (those pesky cyber-attackers) and there’s good guys, like cybersecurity thought leader Mark Lynd, and Enric Cuixeres Saez, Head of IT at Leng-d’Or. In a recent video, Mark and Enric sat down to discuss the latest dangers and developments in the ever-evolving world of cybersecurity – and it’s an absolute must-watch !

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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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Christmas trees to deliver sticker shock to revelers

Retail Wire

Consumers can expect to pay five to 10 percent more this year for a live tree and increases of up to 30 percent on artificial versions. “Christmas is not canceled, everyone will be able to find a Christmas tree,” said Jami Warner, executive director of the American Christmas Tree Association.

Consumer 100
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Glasgow store finds increased demand thanks to Snappy Shopper

Talking Retail

A Nisa store in Glasgow which was one of the first to use the Snappy Shopper delivery app has seen daily orders rise to 50 a day. The Nisa Local in Motherwell Rd, run by Daniall Nadeem, has been working with Snappy Shopper since the beginning of last year. At first, orders were just a. This story continues at Glasgow store finds increased demand thanks to Snappy Shopper.

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Millennials deal with inflation for the first time in their lives

Retail Wire

Americans born between 1981 and 1996 have gone through their lives with low interest rates and tamped down inflation. The inflationary environment created as a result of the pandemic is about the only time in their lives when these consumers have had to deal with a sharp rise in prices. The good news is that wages have been on the rise as well.

Consumer 100
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Mask mandate returns in England, but unions argue it should have been with us all along

Talking Retail

The government has decided to re-introduce mandatory mask wearing in English stores from tomorrow (30th November). Even before the announcement was made some critics were arguing that compulsory mask wearing should never have been stopped in England in July. Scotland, Wales and Northern Ireland all kept compulsory mask rules for indoor settings. Paddy Lillis, general.

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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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Organized retail crime didn’t take a Thanksgiving break

Retail Wire

Over the Thanksgiving weekend, a Best Buy in Minneapolis was hit by organized retail theft rings, joining the surge of incidents in which large crowds of thieves have descended on stores, emptying racks and making their getaways. Retailers are advocating for federal legislation to create more punitive consequences for those selling illegal merchandise online.

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Kettle Chips supports retailers at Christmas with cash prizes

Talking Retail

Kettle Chips is running a trade competition ahead of Christmas, offering retailers the chance to win cash prizes worth £10,000. Five runners up will also receive a selection of 40g packs of Kettle Chips including, Lightly Salted, Sea Salt & Balsamic Vinegar, Mature Cheddar & Red Onion, Sea Salt & Crushed Black Peppercorns, Sweet Chilli. This story continues at Kettle Chips supports retailers at Christmas with cash prizes.

ATS 119
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British retailers don’t want to be mask police as new COVID variant arises

Retail Wire

The British government has reinstated mask wearing rules with the discovery of a new COVID-19 variant that may be more transmissible and vaccine resistant than previous versions of the virus. Retailers are asking the government not to put the onus on them to enforce mask wearing and social distancing rules since doing so in the past has led to verbal and sometime physical altercations with shoppers.

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Meet Ryan from Cisco’s customer advocacy community

Cisco Retail

Our customers are the heart and soul of everything we do at Cisco and each one of them has an interesting story to tell! Our Q&A series allows us to shine a spotlight on some of our most passionate customer advocates in The Global Gateway community as we learn more about their stories and backgrounds. You may be wondering: What is The Global Gateway ?

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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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President Biden meets with retailers to talk supply chain workarounds

Retail Wire

With Christmas less than a month away, President Joe Biden is meeting with CEOs of Best Buy, CVS, Etsy, Food Lion, Kroger, Walmart and others today to discuss how to address existing supply chain challenges. The in-person and virtual meeting takes place with the knowledge that a new COVID-19 variant, dubbed Omicron, has been discovered. The World Health Organization has issued a warning that the variant is likely to spread internationally and may result in “severe consequences” in so

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If I Had a Hammer: Purdue’s Anvil Supercomputer Will See Use All Over the Land

Nvidia

Carol Song is opening a door for researchers to advance science on Anvil, Purdue University’s new AI-ready supercomputer, an opportunity she couldn’t have imagined as a teenager in China. “I grew up in a tumultuous time when, unless you had unusual circumstances, the only option for high school grads was to work alongside farmers or factory workers, then suddenly I was told I could go to college,” said Song, now the project director of Anvil.

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Commercial leases – what to understand before you sign

Retail Times

As the retail sector continues its fragile recovery from Covid-19, many business owners will be mulling over whether their current premises will meet their post-pandemic needs. Some more fortunate businesses may have seen growth and therefore need a larger business unit or multiple sites; others may have had a rather different pandemic experience and need somewhere smaller or may not be in need of their existing premises at all if their business has entirely shifted online.

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Walmart's CFO to leave the company after 22 years

Retail Dive

Brett Biggs officially departs on Jan. 31, 2023. As part of the transition, he will remain a board member of the retailer's fintech startup.

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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.