Mon.Apr 25, 2022

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5 ways to maximize your revenue this Mother's Day

Retail Dive

Gifters are eager to spoil their moms this year. So why not dazzle them during their hunt for the perfect gift?

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Facebook-owner Meta to open first physical store in metaverse bet

Inside Retail

Meta Platforms is set to open its first physical store where shoppers can try out and buy virtual reality headsets and other gadgets as the company plots a course to take its highly touted metaverse mainstream. The 1550sqft Meta Store at the company’s Burlingame campus in California opens on May 9, and will feature demos for its Quest 2 VR headset and video calling device Portal as well as Ray-Ban’s augmented reality (AR) glasses, Meta said on Monday.

Planning 289
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Supply Chain Challenges Have Introduced a New Concept into Ecommerce — Inventory Pacing

Retail TouchPoints

Supply chain management is the heart of retail management and has the ability to inform the overall health of a business. As a result, businesses looking to gain a competitive advantage in the global marketplace are investing more heavily in supply chain management. Investment in the proper technologies needed to build a strong supply chain not only enables prompt replenishment of products in inventory, but also optimizes planning capabilities in rapidly evolving business ecosystems while minimi

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Bang & Olufsen re-opens Ealing showroom following refurbishment

Retail Focus

Today, 96-year-old Danish audio brand Bang & Olufsen has announced the re-opening of its store in Ealing on Bond Street – a bustling high street destination. Having closed its doors in late March to undergo a comprehensive refurbishment, Bang & Olufsen is delighted to announce that the store is now ready to re-open to welcome new and loyal customers alike.

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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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Melbourne flower delivery service Lvly snapped up by Malaysian investor

Inside Retail

Flower delivery service Lvly has been acquired for $35 million by Malaysian e-commerce company Limitless Technology. As part of the deal, co-founder Hannah Spilva will take a seat on the board of Limitless Technology while Verity Tuck will leave the business. Together, the duo will receive around $20 million from the acquisition. Established in 2015, the Melbourne-based startup offers a same-day flower delivery service.

Planning 264
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How to Tailor Return Strategies to New Holiday Shopping Patterns

Retail TouchPoints

It might seem counterintuitive for retailers to focus on returns when they are so focused on trying to convince customers to buy products in the first place (and rightly so). However, return policies actually have a major influence on whether shoppers go through with a transaction — particularly for increasingly popular online purchases. Nowhere is this delicate equation more critical than during the holiday season, when a larger proportion of purchases are gifts, raising the potential for misma

Returns 289

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Sustainability Update: eBay to Sell ‘Imperfect’ Apparel in UK, Adore Me Launches Sustainable Fashion Marketplace

Retail TouchPoints

Conscious consumption is on the rise and two big names in retail have launched new programs to tap into the consumer appetite to shop sustainably. eBay has launched a program to sell defective merchandise from more than 100 brands in the UK, while lingerie brand Adore Me has debuted a new marketplace that will exclusively feature sustainable fashion brands. eBay UK Features ‘Imperfect’ Products from North Face, Puma and More. eBay UK describes its new “ Imperfects ” program as “the fashion equiv

Fashion 278
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What not to miss at Retail Technology Show, 26 & 27 April, London Olympia

Retail Focus

After 1095 days, the world of retail finally reunites at London’s Olympia tomorrow for the Retail Technology Show (26-27 April). With one day to go until the new flagship event for retail that brings together Europe’s most forward-thinking retailers and leading tech innovators opens its doors, the final transformative tech and show features that champion innovation as part of the expo, have now been announced.

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Rite Aid Rejects Unsolicited $3.6 Billion Takeover Offer

Retail TouchPoints

Rite Aid has rejected a non-binding off-market proposal from Spear Point Capital Management to acquire the company for $3.6 billion. Spear Point highlighted Rite Aid’s data as a major reason for the takeover offer, noting that it has “significant value that could exceed the equity value of the company,” but the retailer and its Board of Directors “concluded that the proposal was not credible and did not warrant further exploration.”.

Finance 287
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Australian retailers can guard against currency-driven price fluctuations

Inside Retail

Here in Australia, consumers are accustomed to finding products from all around the globe on store shelves nationwide. And although it’s transparent to them, the way those products get there relies on a complex international system of trade. In normal times, that system works well. But as the recent global Covid-19 pandemic so aptly proved – it doesn’t take much to upset the supply chains that make global trade possible.

Marketing 147
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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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Amazon union faces tough negotiating ahead

Retail Wire

The Amazon Labor Union (ALU) representing workers at a warehouse in Staten Island, NY, now face the tough job of getting the employer to negotiate on issues such as wages, paid time off and longer breaks. Amazon.com is looking to overturn the election results alleging that union officials and the National Labor Relations Board engaged in actions that tainted the voting.

ATS 130
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Analysis: Why Harvey Nichols’ new NFT retail space is “a wildly clever idea”

Inside Retail

Luxury department store Harvey Nichols recently announced the opening of the first blue-chip non-fungible token (NFT) retail space at its Pacific Place Hong Kong store. The innovative concept named ‘HN NFT Vault’, invites customers to browse and purchase digital art NFTs from a curated selection of globally recognised projects. The collection includes NFTs from top projects such as Bored Ape Yacht Club, CryptoPunks, CloneX x Takashi Murakami, Azuki and Doodles.

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Gener8 Founder, Sam Jones, and investor and rap star, Tinie Tempah, complete Retail Technology Show’s Headline Speaker line-up

Retail Focus

The founder of Gener8, the digital data firm which rose to fame on Dragon’s Den, Sam Jones, and Gener8 investor and platinum selling, British rap artist, Tinie Tempah, have been confirmed as Headline Speakers at Retail Technology Show , the new flagship event for retail that brings together Europe’s most forward-thinking retailers and leading tech innovators.

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How Brisbane start-up Idle Hour is bringing back vodka with the Grand Prix

Inside Retail

Vodka brand Idle Hour has entered a new three-year partnership with the Australian Grand Prix to bring vodka back into our local cocktail culture. Launched in 2020, Idle Hour creates rye-based vodka infused with flavour in an attempt to avoid the ‘neutral’ and ‘pure’ trappings of most large vodkas, instead offering something akin to a gin or whiskey: a fully flavoured spirit able to stand on its own.

Boutique 130
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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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Security resilience from the classroom to the cloud

Cisco Retail

A conversation with Shawnee Heights School District . You have likely heard us talking more about security resilience in recent weeks. Resilience has always been a key part of cybersecurity, but the last few years have really highlighted its importance. . At Cisco, we define security resilience as: The ability to protect the integrity of every aspect of your business to withstand unpredictable threats or changes, and then emerge stronger.

ATS 145
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Puma launches new collection with Aussie skate brand

Inside Retail

Sportswear brand Puma has collaborated with Australian skate label Butter Goods to unveil a new collection inspired by the 90’s ethos. The Puma x Butter Goods collection is based on the Puma Slipstream Lo style and comes in two colourways – a white version features a speckled sole with purple and green accents while the Puma Suede VTG revision features a “hairy suede” style with white and blue options.

Apparel 130
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SBA Announces “Building a Better America Through Entrepreneurship” Bus Tour

Small Biz Trends

The Small Business Administration (SBA) has announced a special bus tour dedicated to ‘Building a Better America Through Entrepreneurship’ SBA Announces “Building a Better America Through Entrepreneurship” Bus Tour. The bus tour will highlight historic economic recovery during National Small Business Week and will feature SBA Administrator Isabella Casillas Guzman as well as other SBA officials and local elected officials.

ATS 136
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How the West got lost: Chinese shun foreign brands

Inside Retail

Despite having the majority of their products manufactured in China, major Western names such as H&M, Urban Outfitters and Everlane are losing appeal amongst Chinese customers. Last August, Urban Outfitters announced it was exiting China temporarily. In a statement via its official account on Weibo, a local social media platform, the brand explained that its departure was due to an “adjustment of the brand’s global strategy”.

Fashion 130
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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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The Next Wave of Productivity Demands 5G and Wi-Fi

Cisco Retail

The pandemic accelerated digital transformations for enterprises across the globe. With the flip of a switch, IT workers transitioned to a remote work environment. We took meetings from our kitchens, we learned that it’s not the end of the world when a child or pet crashes a meeting, and some of us rekindled our relationship with sweatpants. It wasn’t without its challenges, but it was still a relatively smooth transition for IT workers.

ATS 139
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Pickleball grows into a big sports marketing opportunity

Retail Wire

A total of 4.8 million people played pickleball last year, ups 39.3 percent from 2019. Pickleball courts are popping up all over the country with brand manufacturers and retailers including Costco and Skechers looking to cash in on the opportunity.

Marketing 100
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Let Me Shoyu How It’s Done: Creating the NVIDIA Omniverse Ramen Shop

Nvidia

When brainstorming a scene to best showcase the groundbreaking capabilities of the Omniverse platform, some NVIDIA artists turned to a cherished memory: enjoying ramen together in a mom-and-pop shop down a side street in Tokyo. Simmering pots of noodles, steaming dumplings, buzzing kitchen appliances, warm ambient lighting and glistening black ledger stools.

Shopping 123
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Elon Musk moves closer to acquiring Twitter

Retail Wire

Elon Musk has put together a deal for Twitter that its board doesn’t appear as though it can refuse. That will mean the social media site is likely to become a private company with changes to come as promised by Mr. Musk.

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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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Sales of Businesses Near 2019 Levels But Inflation is a Concern

Small Biz Trends

Business for sale transactions has shown steady growth in the first quarter of 2022 according to the latest BizBuySell Insight Report. Small business acquisitions rose to 24% over the previous year and just 3.7% shy of the first quarter of 2019 , before COVID-19 shocked the market. Small Business Sales Report – Q1 2022. Buying and selling activity has seen a steady rise since dropping to 39% during the second quarter of 2020 when businesses were shuttered during the pandemic lockdown.

Marketing 119
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Asda and Morrisons cut prices to help UK consumers deal with inflation

Retail Wire

Asda said it will cut or freeze prices on 100 everyday products and Morrisons plans to reduce prices on 500 items as inflation makes it more difficult for British consumers to stretch their pounds. The grocers are facing increased competition from Aldi and Lidl.

Consumer 100
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Performing Syslog Event Analysis and Forwarding at the Edge. Inside a Container!

Cisco Retail

For many with an IT Operations background we know Syslog event messaging as a highly useful logging function. It is ubiquitous in Cisco hardware products and controllers, and most management software; it’s also prevalent in other IT. Syslog is used to inform about operational state, component failure, security incidences, and other informational items.

ATS 122
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Amazon exec named CMO at Zappos

Retail Wire

Ginny McCormick has been named the first chief marketing officer in the 23-year history of Zappos. She joins Zappos from Amazon’s Hub division, which runs it package pickup and returns lockers. She previously served as CMO at Funko.

ATS 100
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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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Building a Partner Bridge to Talent

Cisco Retail

Coming into 2022 everyone is feeling the business climate change toward the positive. While the “Great Resignation” may be felt in some industries and many may be contemplating new career paths, the need for global IT professionals has been strong, even in the years before the pandemic. For many years, Cisco has been successful with the Networking Academy program.

ATS 115
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A Lidl grows in Harlem

Retail Wire

Lidl primarily operates its U.S. stores in suburban locations but its urban store in New York’s Harlem suggests that the concept may have legs in cities, as well. The two-story store features convenience items on the first floor and most of its stock-up grocery items on the second.

Location 100
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Brush Up with These Online Copywriting Courses

Small Biz Trends

Copywriting is the art of designing and writing persuasive text to fulfill marketing and sales strategies and goals that lead to conversion. It is a strategy adopted by everyone whether it’s a simple startup or a Fortune 500 company. From emails to websites and advertisements, copywriting is a great tool to lure in and turn web browsers into consumers of your product or service.

Marketing 105
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Slowing demand for trucks may herald economic downturn

Retail Wire

There has been a rapid drop in the on-demand trucking market since the beginning of 2022, which could be a sign that the U.S. economy is about to hit the skids. “It is the proverbial ‘canary in the mineshaft’,” said Joseph Rajkovacz, director of governmental affairs for the Western States Trucking Association.

Marketing 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.