Thu.Sep 15, 2022

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Starbucks Rolls Out Savings and Student Loan Repayment Programs for Non-Union Employees

Retail TouchPoints

Starbucks has introduced a set of programs designed to support eligible associates in two critical areas of financial well-being: savings and student loan debt. The new benefits will launch on Sept. 19, 2022 to contribute to associates’ financial stability and help them manage their higher education debt, but reportedly they won’t be initially extended to unionized workers, according to Reuters.

Finance 289
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Patagonia founder gives away company to help fight climate crisis

Inside Retail

Yvon Chouinard, the billionaire founder of the outdoor apparel brand Patagonia, said he is giving away the company to a trust that will use its profit to fight the climate crisis. Instead of selling the company or taking it public, Chouinard, who became famous for alpine climbs in Yosemite National Park and has a net worth of US$1.2 billion, is transferring his family’s ownership of the company to a trust and a non-profit organisation. “Each year, the money we make after reinvesting

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‘Earth is Now Our Only Shareholder:’ Patagonia Founder Donates Company to Fighting Climate Change

Retail TouchPoints

Patagonia Founder Yvon Chouinard has transferred all ownership of the company to two new entities, the Patagonia Purpose Trust and the Holdfast Collective. The new structure will distribute every dollar not reinvested into the company as “dividends to protect the planet,” according to a press release. The Patagonia Purpose Trust now owns all the voting stock of the retailer, which totals 2% of all Patagonia stock.

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Mosaic Brands pays penalties for misleading representations

Inside Retail

Mosaic Brands has paid $266,400 in penalties following two infringement notices issued by the Australian Competition and Consumer Commission (ACCC) for misleading representations. Mosaic Brands advertised a KN95 mask for sale on its Autograph Fashion website in August last year and described it as an “FDA and CE approved” product, however, it was neither backed by the US Food and Drug Administration nor Conformitè Europëenne in the EU.

Fashion 246
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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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Retail sales rebounded in August after July drop

Retail Wire

U.S. retail sales were up 0.3 percent in August following a downwardly revised drop of 0.4 percent in July, according to the Commerce Department. Eight of 13 retail categories tracked by the government increased in August.

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Construction starts on Bourke St Mall’s Melbourne Walk

Inside Retail

Construction has begun on the new mixed-used development dubbed Melbourne Walk on Bourke Street Mall. The redevelopment is Bourke Street Mall’s first new project in 50 years and includes a 6000sqm area of retail and two hotels. The site was formerly known as ‘The Walk’ and comprised eight buildings including Diamond House, Allan’s Building, the Public Benefit Bootery and York Building.

ATS 246

More Trending

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Behind the rise and rise of Aussie designer furniture brand Sarah Ellison

Inside Retail

Known for its modern aesthetic and original designs – you’ve probably seen its ‘Huggy’ chair on Instagram – Australian designer furniture brand Sarah Ellison has just launched what it believes will be its next big hit: the 70s-inspired, modular ‘Float’ sofa in Piccolo, a custom, chocolate-brown colour that the brand created in collaboration with the Pantone Color Institute. .

Marketing 244
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Shein to open more distribution centers to meet U.S. demand

Retail Wire

Shein is planning to build three large distribution centers in the U.S. to help speed deliveries to customers in three to four days. The privately-held fast-fashion site currently ships orders from China to more than 150 countries where it operates. Shein opened its first distribution center in Whitestown, IN, earlier this year.

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Price hikes test Inditex’s ability to stay in fashion

Inside Retail

Zara owner Inditex’s strong first-half results show its strategy of raising prices since early 2022 paying off so far, but it and other fashion retailers have to be careful not to overdo it with further hikes that may scare away shoppers, analysts said. Instead, it should consider incremental, targeted increases to test customers’ willingness to pay more, rather than automatic and across-the-board price rises, they said.

Fashion 130
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President Biden announces tentative deal to avoid railway strike

Retail Wire

The White House announced that a tentative agreement has been reached between rail companies and unions representing conductors and engineers. “Rail workers will get better pay, improved working conditions, and peace of mind around their health care costs: all hard-earned,” said President Biden.

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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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Myer reports strong sales growth, profit increases 103.8 per cent

Inside Retail

Department store group Myer says strong sales performance in both online and physical stores boosted profits in its latest full-year. In a trading update for the 52 weeks to July 30, the business reported sales growth of 12.5 per cent to $2.98 billion while comparable store sales grew 15 per cent despite losing 11.4 per cent of in-store trading days to Covid-related lockdowns.

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USDA providing nearly $2 billion in funding to support food banks and school meal programs

Retail Wire

The U.S. Agriculture Department said it will provide around $2 billion to provide needed funds for food banks and school meal programs. Roughly $1.5 billion will go to food banks that have seen demand for their services increase since the beginning of the novel coronavirus pandemic. “In talking to food banks and pantries across the country, here’s what we hear,” said Agriculture Secretary Tom Vilsack.

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Rising star of the week: Stephanie Ho, New Aim

Inside Retail

Earlier this year, we launched our first Rising Stars of Retail report in the May issue of Inside Retail Australia’s quarterly magazine, a special feature highlighting some of the great under-the-radar talent in the industry from a wide range of departments. Each week, we will publish interviews with the inspiring people listed in the feature, where they reveal what motivates them, the work that they’re most proud of and the challenges that they’ve overcome.

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Fred Fanzia, the man behind ‘Two Buck Chuck’ has died

Retail Wire

Bronco Wine Company has announced the death of Fred Fanzia, the man behind Trader Joe’s Charles Shaw (AKA “Two Buck Chuck”) and other value-priced wines. Mr. Franzia was once asked how his company’s wines could be sold for less than water. He replied, “They’re overcharging for the water — don’t you get it?

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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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The Future of Retail at Autumn Fair and Moda

A1 Retail

Four days, four destinations, twelve product sectors, thousands of retailers, hundreds of exhibitors showcasing millions of new and innovative products including homeware, décor, gifts, greetings and stationery, Christmas, beauty and wellbeing, womenswear, fashion accessories, jewellery and footwear, Autumn Fair 2022 ended on a high with a focus on collaboration, community, and conscious retailing.

ATS 105
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H&M’s sales fell short of Wall Street’s expectations

Retail Wire

H&M posted a sales increase of three percent during the third quarter, below the five percent gain expected by analysts. “The third quarter got off to a weak start, in common with the industry in many of the group’s major markets,” H&M, said.”Sales improved sequentially during the quarter, with a better start for the autumn collections than last year.

Marketing 100
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One Order Sparks Culinary Inspiration for this NYC Restaurant

Rangeme

Executive Chef Katherine Fuchs is thrilled to be back in the kitchen testing out some new creations for the fall menu at The Thirsty Koala , an Australian-themed restaurant in Astoria, N.Y. Fuchs Co-Owns with partners Alex Styponias and Aussie native Christine Chellos. The restaurant’s name originated from the Black Saturday Bushfires that raged in Australia in 2009, when Fuchs, Styponias, and Chellos were in the early stages of planning the restaurant.

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Patagonia’s founder and family are donating company stock to fight climate change

Retail Wire

Patagonia founder Yvon Chouinard, his spouse and two adult children are giving away their shares of the retailer, valued at around $3 billion, to the Patagonia Purpose Trust and the Holdfast Collective with a mission to combat climate change. Ryan Gellert will continue to serve as Patagonia’s CEO and the Chouinard family will remain on the company’s board.

ATS 100
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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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8 Best Retail-Focused POS Systems for SMBs in 2022

V Count

If you’re running a brick-and-mortar business, you may want to invest in one of these point-of-sale systems. Running a retail business is rarely an easy task, if ever. As a business owner or a store manager, you’ll face countless challenges, and turning your business into a successful one usually requires time, effort and commitment. However, a number of these challenges can be eliminated by investing in the right tools and systems.

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12 Printable Gift Cards for Your Business

Small Biz Trends

What do you do when you want to offer a personalized gift to your family, friend or colleague, but you’ve waited until the last minute to buy it? Forget the generic greeting card! You can purchase and create a gift card printable template from a variety of websites, including Amazon, Etsy and others, and you can customize the gift certificate for the occasion and recipient.

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4 Elements of Amazon’s Strategy to Watch

Indigo 9 Digital

By Tricia McKinnon When most people think of Amazon they see Amazon as the everything store, a place where they can find most of what they need and have it delivered so quickly there is no need to trek to a store. While that is Amazon’s claim to fame Amazon should also be known for its ability to redefine what it means to be a retailer. Before Amazon most retailers where primarily in the business of selling goods.

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Best Retail-focused POS Systems in 2022

V Count

If you’re running a brick-and-mortar business, you may want to invest in one of these point-of-sale systems. Running a retail business is rarely an easy task, if ever. As a business owner or a store manager, you’ll face countless challenges, and turning your business into a successful one usually requires time, effort and commitment. However, a number of these challenges can be eliminated by investing in the right tools and systems.

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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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Salveo Innovations: How an mHealth application gives patients a greater sense of self-agency

Cisco Retail

Now that the Cisco Global Problem Solver Challenge 2022 winners have been officially announced , you’ll want to learn more about each winning team and the story behind each innovation. The Cisco Global Problem Solver Challenge is an online competition that awards cash prizes to early-stage tech entrepreneurs solving the world’s toughest problems.

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Astound Commerce Appoints Will Linebarger as VP, Composable Commerce

365 Retail

Global digital commerce specialist Astound Commerce has appointed Will Linebarger to serve as its Vice President of Composable Commerce. Linebarger has more than twenty-five years’ experience across telecommunications, finance and digital commerce. Over the past six years, he has focused on developing cloud-based, composable commerce solutions, specialising in migration from monolith to MACH-based solutions.

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Stockouts Are Costing You Money

Independent Retailer

Stockouts are costing the retail establishment close to $1 trillion. A whopping 31 percent, decided to purchase at another store — that means not only are you losing sales, but your competitor gets them instead. Solving these problems is complex, but the closest thing to a cure-all is digitalization. by Joey Rubinstein. If you are running a grocery, convenience store , liquor shop, or something similar, you should think twice about waiting until tomorrow to reorder your best selling products.

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Walmart expands virtual try-on functionality with Be Your Own Model

Retail Dive

iOS customers in the U.S. will be able to upload images of themselves to virtually try on over 270,000 apparel items.

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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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What's the One Thing You Need to Remember Before You Global?

LS Retail

©iStock/RRice1981 First, read this – that is if you want to launch globally and profitably. Next, if you are like creative agencies all over the world, they are looking for stable horizontal growth in tough economic times – both in the traditional way with a new office and big local hires, and in ways enabled by our infamous new normal, with satellite presences and remote workers.

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The Challenges Of Running An Independent Retail Shop In 2022

365 Retail

Simply starting and running any type of business is a challenging endeavour. When it comes to running a high street retail store, there are several extra challenges added on top of this, which can make the process quite stressful. It’s not uncommon to see shops going out of business across the high street, including huge businesses that have been around for decades and brand-new businesses that haven’t even been there for a year yet.

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Post Office partners with DHL Express to provide Click and Collect services

A1 Retail

DHL Express UK will deliver parcels directly to Post Offices, providing a convenient location for consumers to collect packages. DHL is the world’s leading international express service provider . Partnership is further demonstration of Post Office strategy to open its network to new parcel carriers and drive footfall for Postmasters. Click and Collect services already rolled out to 5,000 Post Offices in under a year .

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The impact of the Queen’s death on business and retail

365 Retail

Retailers and businesses across the UK are bracing themselves for a period of uncertainty following the death of Queen Elizabeth II. The long-term impact could be the demise of low-value coins, changes to the postal service and a shake-up of Royal Warrants. The financial impact of an unscheduled Bank Holiday for Queen Elizabeth’s State Funeral could also be significant, says the delivery expert ParcelHero.

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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.