Thu.Dec 22, 2022

article thumbnail

Grove Collaborative’s Low Stock Price Could Lead to NYSE Delisting

Retail TouchPoints

Grove Collaborative , which offers a range of sustainable household and personal care items, faces delisting on the New York Stock Exchange (NYSE) if its share price doesn’t rise within six months. The NYSE, which alerted Grove about the problem in a Dec. 14, 2022 Securities and Exchange Commission filing , requires companies to maintain a share price of at least $1 over a consecutive 30-day period to remove the delisting threat.

ATS 311
article thumbnail

Severe winter storm threatens last-minute package deliveries

Retail Wire

Residents in areas of the country affected by the massive winter storm driven by a strong arctic high-pressure system are wondering if their holiday packages will arrive on time. “This is a reminder of what happened the final Christmas week of 2013,” said Satish Jindel, founder and president of ShipMatrix, referring to storms that forced late deliveries that year.

130
130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Winning Windows 2022: Retailers go all out as Consumers Clamor for In-Store Holiday Shopping Experiences

Retail TouchPoints

The holiday season has always been a core period for retailers to level up their in-store experiences. Design and visual merchandising teams in particular rise to the occasion, finding creative themes, materials, lighting and more to evoke delight and holiday spirit among consumers of all ages. This year their efforts aligned with consumers who not only felt more comfortable but were actually eager to bring their holiday shopping back to physical stores.

article thumbnail

Consumer confidence buoyed by lower gas prices and easing inflation

Retail Wire

The Conference Board’s consumer confidence index hit 108.3 for December, an abrupt upturn from the November pulse on the U.S. economy of 101.4. “Inflation expectations retreated in December to their lowest level since September 2021, with recent declines in gas prices a major impetus,” commented Lynn Franco, senior director of economic indicators at the Conference Board.

Consumer 130
article thumbnail

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.

article thumbnail

Celebrus Can Help Retailers Offer Personalization Without Needing Cookies

Retail TouchPoints

Celebrus has released Celebrus CX Vault, a platform designed to deliver relevant messages to shoppers while keeping their information private. Celebrus CX Vault utilizes no-party data, an information technique that does not use tracking, sharing or cookies of any kind. The solution was created to work by recognizing the context of a browsing session in real time and then applying machine learning to further determine and interpret user interest.

Consumer 305
article thumbnail

Chain stores have yet to recover in NYC from the ravages of the pandemic

Retail Wire

The new “State of the Chains” report from the Center for an Urban Future shows a slight uptick in store numbers for chains such as Dunkin’ and Starbucks, now with 620 and 316 locations in the five boroughs of New York City, but store counts for each have yet to return to 2019 highs, when Dunkin’ had 636 locations and Starbucks 351.

Location 130

More Trending

article thumbnail

Nike, on improved inventory picture, beats expectations, triggers Wall Street rally

Retail Wire

Optimistic quarterly reports from two of Wall Street’s bellwethers, Nike and Fedex, sent the Dow up over 500 points yesterday. Nike indicated that the brand had made progress in moving out overabundant inventory and handily beat analysts’ forecasts with earnings of 85 cents per share (vs. 64 cents expected) and revenue of $13.32 billion (vs. $12.57 billion expected).

ATS 130
article thumbnail

Retail Pricing is a Science – Not an Art

Retail TouchPoints

For many innovative, forward-looking brands, the pandemic was a catalyst for change. Now, these smart-to-market brands are taking this time of fluctuating costs and economic uncertainty to evaluate their pricing strategies. With margins being squeezed from rising inflation and inventory challenges, brands need to better align pricing with the current market conditions and consumer demand.

article thumbnail

New York kicks off legal retail weed sales on Dec. 29th

Retail Wire

It’s been nine months since New York passed legislation legalizing the sale of cannabis in retail stores. New York Gov. Kathy Hochul announced in a release that the first licensed store can begin selling weed on Dec. 29th. “The industry will continue to grow from here,” said Gov. Hochul, “creating inclusive opportunity in every corner of New York State with revenues directed to our schools and revitalizing communities.” Initially, 280 retail outlets will be granted

100
100
article thumbnail

Amazon Cited for Work-Related Injury Recordkeeping Violations at Six Warehouses

Retail TouchPoints

OSHA has cited Amazon during inspections at six warehouse facilities in five states for failing to properly record work-related injuries and illnesses, according to the Department of Labor. The findings are part of an ongoing investigation that mark the ecommerce giant’s latest brush with labor challenges. The OSHA citations are based on 14 recordkeeping violations, including failing to record injuries and illnesses, misclassifying injuries and illnesses, not recording injuries and illnesses wit

ATS 278
article thumbnail

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.

article thumbnail

Under Armour names new CEO

Retail Wire

Stephanie Linnartz will start work as CEO of Under Armour in late February. The sportswear brand has been without a chief exec since Partik Frisk resigned seven months ago. Ms. Linnartz comes from Marriott International where she held the president’s seat. Commenting on the strategy of bringing in an outsider, founder and ongoing executive chair and brand chief Kevin Plank said, “We’ve got enough industry experts here at Under Armour.

ATS 100
article thumbnail

Dollar Shave Club Selects Subscription Specialist as Solution Provider

Retail TouchPoints

Dollar Shave Club is migrating its homegrown subscription technology to the Ordergroove platform, in partnership with Shopify Plus. The “subscription-first” DTC brand is seeking to move away from building and maintaining out-of-the-box capabilities to creating differentiated subscription experiences for its members. The brand selected Ordergroove because its capacity supported Dollar Shave Club’s large subscriber base, order volume and operational scale.

article thumbnail

Existing home sales drop to lowest point since onset of the pandemic

Retail Wire

According to the latest monthly report from the National Association of Realtors, existing home sales fell 7.7 percent to 4.09 million units in November (after a seasonal adjustment) under pressure from rising mortgage rates. That represents the 10th monthly decline and the lowest level — excepting the early period of the pandemic — since November 2010.

100
100
article thumbnail

69% of Men Don’t Return Clothes That Don’t Fit

365 Retail

With millions of eCommerce users in the UK online menswear brand Spoke investigated men’s online shopping and return habits. They surveyed 2,000 UK men with different socio-economic backgrounds who regularly shop online to find their most common habits. 20% of Men Admitted to Never Returning Ill-Fitting Items of Clothing. The survey discovered that 20% of men never return ill-fitting items of clothing, and a further 49% of men had a laissez-faire approach to returning ill-fitting clothes, regard

Returns 122
article thumbnail

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

article thumbnail

Analyst: AWS, Amazon’s profit darling, may be heading for a slowdown

Retail Wire

Seeking Alpha columnist Paulo Santos speculates that Amazon’s stock, which has slipped over the past year back to 2018 levels, will be under further downward pressure due to an impending slowdown at its AWS (Amazon Web Services) business. AWS’s operating income over the past 12 months was about $23 billion, compared to roughly $13 at Amazon.com (e-commerce).

ATS 100
article thumbnail

Revlon set to exit bankruptcy by April

Retail Dive

If a judge approves, the beauty company will conclude its Chapter 11 process with its lenders as its new owners, but what happens next remains uncertain.

132
132
article thumbnail

Retailers, Customers Often at Odds in “Post-Pandemic” Shopping Reality

VMS

Before the pandemic, consumers had gotten used to instant gratification, including packages and groceries delivered to their doorstep in under an hour, and stores that stayed open around the clock. But now, many workers who provided such services throughout the pandemic are fed up and don’t want to go back to the way things were, the Associated Press reports.

article thumbnail

Holiday returns rise 57% from 2021: report

Retail Dive

Consumers have become critical of their discretionary spending and may be returning to repurchase at steeper holiday discounts, Salesforce said.

Returns 128
article thumbnail

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.

article thumbnail

Fran Chuan, CEO and Co-creator of InnoQuotient, announced as ISE 2023 Keynote

A1 Retail

Fran Chuan, CEO and co-creator of Culture Innovation Assessment Platform, InnoQuotient is confirmed as the second keynote speaker at Integrated Systems Europe (ISE) – the world-leading AV and systems integration show, Fira Barcelona Gran Via, 31 Jan – 3 Feb 2023. Taking place at 5.15pm on Thursday 2 February, in Conference Suite CC4.1, Fran’s keynote, entitled ‘How innovative is the AV industry?

article thumbnail

Patagonia to close stores, give employees paid week off for the holidays

Retail Dive

The company says the decision is important for the quality of life it provides its employees.

139
139
article thumbnail

Finding the Path to Purposeful, Continual Innovation

Miller Zell

Retail innovation is a process that never stops. You identify an area needing improvement. You collaborate on a solution. You test. You collect data. You adapt and enhance. The omnichannel convergence within brick-and-mortar spaces is always about keeping up with your customers’ evolving wants, needs and habits, whichever path to purchase they choose.

article thumbnail

JLL Brokers $12.8 Million Sale of North Carolina Shopping Center

Shopping Center

New Bern, N.C. — JLL Capital Markets has brokered the sale of New Bern Marketplace, a 59,516-square-foot shopping center located in New Bern. Evans Best LLC acquired the property for $12.8 million. Harris Teeter shadow anchors the center, which was… The post JLL Brokers $12.8 Million Sale of North Carolina Shopping Center appeared first on Shopping Center Business.

article thumbnail

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

article thumbnail

'Tis the Season To Global Travel

LS Retail

©iStock/Nestea06 AAA estimates 112.7 million Americans will journey 50 miles or more away from home from December 23 to January 2. That’s an increase of 3.6 million people over last year and closing in on pre-pandemic numbers. 2022 is expected to be the third busiest year for holiday travel since AAA began tracking in 2000. For purposes of a forecast, the year-end holiday travel period is defined as the 11-day period from Friday, December 23 to Monday, January 2.

93
article thumbnail

Prepare Your Business for Supply Chain Disruptions

Independent Retailer

Climate change disruptions are disproportionately felt by small and medium-sized businesses. The transportation of products in the supply chain is becoming increasingly difficult due to restrictions brought about by weather. To better prepare for these types of disturbances, analyze the revenue impact of losing an individual supplier. by Anand Swaroop.

article thumbnail

Under Armour taps 25-year Marriott veteran Stephanie Linnartz as CEO

Retail Dive

Despite her lack of retail experience, the executive’s knowledge of strategy, finance, sales, marketing and technology could benefit the brand.

Finance 118
article thumbnail

Rally House in Expansion Mode

VMS

Rally House (Lenexa, Kan.) says it has grown by a total of 45-plus stores this year and plans to keep that momentum going, with several new locales planned for coming months. Announced openings for early 2023 include three in Oklahoma (in Moore, Broken Arrow and Edmond); Ballwin, Mo.; and Ames, Iowa. This year, the fanbase-oriented chain has entered several new markets, including Omaha, Neb.; South Bend, Ind.; Columbus, Ohio; and Louisville, Ky.

Apparel 83
article thumbnail

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.

article thumbnail

Top Wholesale Toy Trends for 2023

Independent Retailer

Retailers everywhere are looking at wholesale toy trends with positivity and hope. Experts are predicting the supply chain will begin to normalize, and we remain optimistic that the other challenges businesses have faced over the past few years will also begin to dissipate. . As retailers continue to prepare for the year ahead, Wholesale Central Blog has rounded up some of the hottest toy trends that are predicted to take the industry by storm. .

article thumbnail

Episode 47: Justin Bolognino

VMS

Subscribe on Apple Podcasts | Spotify | Stitcher | iHeartRadio. EPISODE SUMMARY. Justin “JB” Bolognino creates ground-breaking immersive experiences that are focused on revealing hidden human connections. He combines technology, design and storytelling to ignite the human spirit. As a “Synchronicity Architect” and Founder/CEO of META, he runs an immersive experience studio that specializes in “The Art of Being There.

article thumbnail

H&M, Good American partner

Retail Dive

The fast-fashion retailer will feature Good American on its Swedish and German websites starting this month.

article thumbnail

H&M Pulls Justin Bieber Merch

VMS

H&M (Stockholm) is pulling a line of merchandise from its stores featuring pop star Justin Bieber. This past Monday, Bieber took to Instagram to slam a line of merchandise the retailer was selling featuring the musician. “The H&M merch they made of me is trash and I didn’t approve it … Don’t buy it,” he wrote on social media. The retailer responded by saying it had “followed all proper approval procedures … but out of respect for Justin Bieber, we have removed the garments from selling,”

article thumbnail

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.