Fri.Nov 03, 2023

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What Retailers Can Learn from Grocers About Sustainability

Retail TouchPoints

Retailers can no longer ignore consumers’ demand for improved sustainability initiatives. From consumer lawsuits to national news headlines calling out failed efforts and empty promises, retail leaders are feeling the pressure to reduce the $ 2 billion in waste they generate each year , but they might not have a baseline for how to do so. For years, grocers have been in the spotlight for their food waste and plastic bags.

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Why Retailers Should Embrace Retail Digital Transformation

Retail Focus

Digital transformation involves incorporating digital technologies to develop new business processes, customer experiences, and culture. The full transformation of the retail business into the digital space opens up a new world of opportunities. The intent behind digital transformation is fully transitioning from traditional roles in retail processes, including sales, marketing, and customer service.

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Budget-Friendly Thanksgiving Meals Announced by Target, Walmart, and Aldi

Retail Wire

In a bid to attract festive shoppers, major retailers like Target, Walmart, and Aldi are offering competitively priced holiday meals this season.

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Anthropologie CMO: ‘Digital is not a Channel, Platform or Tech — it’s a Business Driver’

Retail TouchPoints

It’s a common marketer’s dilemma: how do you expand your brand’s appeal beyond its core customers? The specific challenge for women’s apparel and home goods brand Anthropologie was attracting new, younger consumers without alienating women who had grown up, and grown older, with Anthropologie’s vibe and product offerings over the past three decades.

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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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No More Fed Rate Hikes Predicted Amidst Employment Uncertainty

Retail Wire

US stocks experienced a significant rise on Thursday, bolstered by investor optimism that the Federal Reserve may have concluded its cycle of fed rate hikes

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NRF: Holiday Spending Could Top $966B, but Shift from Goods to Services Continues

Retail TouchPoints

The National Retail Federation (NRF) is predicting robust holiday sales, with U.S. spending forecast to climb 3%-4% over 2022, generating between $957.3 billion to $966.6 billion. While the 2023 growth rate is lower than in recent years, when stimulus spending helped inflate retail sales, it’s in line with the average annual holiday increase of 3.6% seen from 2010 to 2019.

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Amazon Shutters its Two Style Stores, Sharpens Focus on Grocery Brick-and-Mortar

Retail TouchPoints

Amazon will close its two Amazon Style stores, located in Glendale, Calif. and Columbus, Ohio, by Nov. 9, 2023, according to CNBC and other media outlets. The stores had been open for less than two years: the Glendale location opened in May 2022 , although the concept had been reported on as early as January 2022. “After careful consideration, we’ve decided to close our two Amazon Style physical retail stores and focus on our online fashion shopping experience , where we’re offering new, excitin

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Starbucks Plans To Have 55,000 Global Stores in Total by 2030

Retail Wire

Starbucks is taking over the world, coffee-wise.

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Starbucks Unveils Evolved ‘Reinvention’ Plan

Retail TouchPoints

Starbucks has added new flavor to its long-term growth strategy in what it is calling the “Triple Shot Reinvention with Two Pumps.” The five -part strategy aims to continue the company’s current momentum and deliver continued growth by elevating the Starbucks brand , strengthening the company’s digital capabilities and becoming truly global , as well as working to unlock efficiency and reinvigorate partner culture (the last two items are the “pumps”).

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Burger King Struggles to Help Restaurant Brands

Retail Wire

Burger King might not be able to maintain its royalty over fast food.

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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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Leading Pet Supplies Brands Chewy, and Petco Embracing Digital for Growth  

Intelligence Node

The pet supplies industry has witnessed a remarkable surge in demand. This is fueled not only by pet food and toys, but also by innovative and even tech-driven products. New. The post Leading Pet Supplies Brands Chewy, and Petco Embracing Digital for Growth appeared first on Blog.

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Crypto Mogul Sam Bankman-Fried Found Guilty of Fraud Charges

Retail Wire

Sam Bankman-Fried, a prominent figure in the cryptocurrency world, has been found guilty on multiple counts of fraud.

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Leading Pet Supplies Brands Chewy, and Petco Embracing Digital for Growth  

Intelligence Node

The pet supplies industry has witnessed a remarkable surge in demand. This is fueled not only by pet food and toys, but also by innovative and even tech-driven products. New. The post Leading Pet Supplies Brands Chewy, and Petco Embracing Digital for Growth appeared first on Blog.

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e.l.f. Beauty Announces Positive Earnings and Shies Away From China

Retail Wire

e.l.f. Beauty continues parading beautiful results.

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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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Wilko confirms locations and opening dates of first three new stores

Retail Gazette

Wilko has revealed the opening dates and locations of the first three concept stores. New owner, The Range owner CDS Superstores, recently revealed it would open five concept stores ahead of Christmas before a wider rollout next year. The new stores will open in the Armada shopping centre in Plymouth and Guildhall shopping centre in Exeter on 1 December.

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Amusement Park Giants Cedar Fair and Six Flags Unite in Landmark Merger

Retail Wire

Cedar Fair and Six Flags Entertainment Corporation have announced their merger, forming a formidable entity in the North American amusement park industry.

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Frasers’ SportScheck acquisition at risk as retailer borders on collapse

Retail Gazette

Frasers Group’s acquisition of German sporting chain SportScheck has been placed in limbo as the retailer borders on the brink of collapse. Mike Ashley’s sprawling retail empire announced its acquisition of the 34-store chain last month to help fuel the group’s European growth. Shortly after the announcement, SportScheck owner Signa Holding revealed that it was in the midst of a funding crisis and filed for insolvency for its Signa Sports division.

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Majestic Wine Shifts Gears: Electrifying Delivery Fleet for a Greener Future

365 Retail

Majestic, the wine retail specialist, is expediting its transition to sustainability by upgrading its delivery fleet to fully electric vehicles. This move is a significant step in the company’s environmental strategy, aiming to reduce its carbon footprint substantially. By the conclusion of its current financial year in March, Majestic will introduce 35 new electric vans, specifically the Citroen eBerlingo and eDispatch models, into its operations.

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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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In pictures: Selfridges unveils theatrical Christmas window display

Retail Gazette

Selfridges has unveiled its Christmas window display for 2023 at its Oxford Street flagship, themed “Showtime!” The theatrical extravaganza, which took over 100 hours to install, features festive characters including Santa Claus as a stage director, a Christmas tree diva and a stand-up comedy snowman. The luxury department store’s display was set up by a team of 50 people and uses 2,000 baubles, 500m of fabric and 150 fabric bows.

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EBay opens streetwear pop-up in New York City

Retail Dive

“Canal Street Wear” will sell authenticated items from the marketplace’s sellers and allow shoppers to verify the authenticity of their own goods.

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Watch: Morrisons shows support for festive hosts in Christmas ad

Retail Gazette

Morrisons is supporting this year’s festive hosts with a joyful 80s-themed Christmas advert. Set to the tune of Starship’s 1987 hit ‘Nothing’s Gonna Stop Us Now’, the advert shows trusty oven gloves up and down the country coming alive to sing their support for hosts as they prepare their Christmas feasts. The 60 second feel-good clip, created with agency Leo Burnett, starts with a familiar scene: Dad, in his pyjamas and a Santa hat, making his way to the kitchen to preheat the oven at the crack

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Northmarq Brokers $4.3 Million Sale of Retail Property in Metro Asheville

Shopping Center

Brevard, N.C. — Northmarq’s Atlanta office has brokered the $4.3 million sale of Shoppes at Brevard Place, a retail property located in Brevard, roughly 30 miles southwest of Asheville. Built in… The post Northmarq Brokers $4.3 Million Sale of Retail Property in Metro Asheville appeared first on Shopping Center Business.

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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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Currys to sell Greek and Cypriot business for £175m

Retail Gazette

Currys is set to sell its Greek and Cypriot business for £175m as it looks to focus on its largest markets including the UK and Ireland. The disposal follows a strategic review of the business back in June and is designed to simplify the group. Alongside the UK & Ireland, the electricals retailer will also focus on its Nordic arm. The sale is expected to be made in the first quarter of 2024.

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Growing customer loyalty in an omnichannel world

Retail Customer Experience

By integrating commerce experiences within their own digital ecosystem, retailers can simplify how customers earn, shop, and save while engaging customers in value-added programs that increase loyalty and customer satisfaction.

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Figs opens first brick-and-mortar store

Retail Dive

The DTC healthcare apparel brand opened an LA shop, announced plans for a second location in Philadelphia and raised its full-year outlook.

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Realize significant value with a true consumption model, increased performance, and comprehensive services

Cisco Retail

Customers are increasingly focused on as-a-Service hybrid cloud environments and the need to ensure that the technology they are investing in today can support the complexity of the technology… Read more on Cisco Blogs

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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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Etsy reaches record 92M active buyers in Q3

Retail Dive

The online marketplace acknowledged rising competition from Temu and Shein and issued cautious Q4 guidance.

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C-store tech transformation: Do's, don'ts, tips, strategies

Retail Customer Experience

The convenience store sector is in a major transformation mode and challenged with meeting customer expectations, deploying smart tech while growing the bottom line. An expert offers tips on what to do and not to do.

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True Classic debuts its first owned and operated store

Retail Dive

The DTC brand plans to add three locations by the end of the year. The openings come after the company opened stores in partnership with Leap.

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Walgreens Boots Alliance Names New CIO and EVP

RIS News

Walgreens Boots Alliance (WBA) has named a new chief information officer to lead the improvement of the digital experience for customers and patients, as the drugstore retailer continues its next phase of growth into a customer-centric healthcare com

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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