Retail TouchPoints
MARCH 22, 2022
It’s easy to vilify Amazon. But for all its somewhat terrifying clout, questionable business practices and stories about its founder’s yacht-within-a-yacht , there is one thing that cannot be denied — Amazon has been an incredible launching pad for thousands of entrepreneurs. This platform, with its humble beginnings selling used books, has gone on to power the careers and fortunes of countless small businesses.
Inside Retail
MARCH 22, 2022
A 50-per-cent share of Brisbane’s Grand Plaza Shopping Centre has been acquired by EG Australian Core Enhanced Funds for an undisclosed amount. Simon Rooney, head of retail capital markets – Pacific at CBRE, who brokered the sale on behalf of US fund Invesco, said the deal highlights strong ongoing demand for Queensland retail investments, with over $4.5 billion in sales occurring since the beginning of last year.
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Retail TouchPoints
MARCH 22, 2022
The CallisonRTKL 2022 Forecast reveals how shopping trends favoring convenience and technologies that ease decision-making for purchases are shaping the future of physical retail spaces — including retail’s role in the “15-minute city” concept and the repurposing of mall spaces. According to the second annual report from the global architecture and design firm, shopping centers, malls and department stores are being transformed into mixed-use spaces, a trend that prioritizes the needs of consume
Inside Retail
MARCH 22, 2022
Outdoor apparel retailer KMD Brands, formerly known as Kathmandu Holdings, has registered that its Australasian store network suffered significantly in the first half. Group sales for the half were recorded at $379.95 million (NZ$407.3 million) while underlying EBITDA was estimated at $9.52 million. The business’ net profit after tax fell 124.7 per cent, a loss of $5.13 million.
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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.
Retail TouchPoints
MARCH 22, 2022
Department store chain Boscov’s is expanding its dropship capabilities through a new partnership with Logicbroker. The 107-year-old family-owned chain, which has 48 locations across the Northeast and Mid-Atlantic, has been able to modernize and optimize its dropship program through the migration to Logicbroker, adding much-needed flexibility for its dropship vendors. “Dropship has proven itself as an efficient means of fulfillment for our company and our customers,” said Jen Re
Tokinomo
MARCH 22, 2022
Shoppers still love to come to the store to quickly grab the products they need or to stroll along the fully stocked shelves. The pandemic had a major impact on brick and mortar stores, including grocery stores. After two years of the pandemic, the damage can still be seen in the on-shelf availability, foot traffic, and shopping patterns.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
MARCH 22, 2022
Australian pharmacy retailer TerryWhite Chemmart has opened its 500th pharmacy in Matraville NSW. Founders Terry and Rhonda White, along with executive GM Nick Munroe, CEO of EBOS Group John Cullity, Federal MP Matt Thistlewaite and the Mayor of Randwick Dylan Parker were in attendance at the opening ceremony. Executive GM Nick Munroe said that the momentum is very ‘positive’ and the opening of its 500th store reflects its success across facets including vaccination leadership, world-class busin
Retail TouchPoints
MARCH 22, 2022
Reach , a combined payments, tax and fraud platform designed to improve handling of cross-border commerce transactions, has received $30 million in its latest funding round. The solution provider will use the funding to scale up its development teams with a focus on merchant success and onboarding, as well as to expand into new shopper geographies. Cross-border ecommerce transactions are projected to reach $1. 2 trillion in 2022, despite the fact that consumers often abandon carts upon discoveri
Inside Retail
MARCH 22, 2022
Earlier this week Winning Group announced it had acquired Sydney-based furniture, lightning and textiles retailer Spence & Lyda, bringing the business’ entire team into the fold, including founder Fiona Lyda. And now work is underway to combine Winning Appliances’ Redfern store with that of Spence & Lyda and Winning’s bathroom supply company Rogerseller to create a new breed of destination store: Winnings.
Retail TouchPoints
MARCH 22, 2022
Additional women have come forward accusing Guess? Inc. Co-Founder and Chief Creative Officer Paul Marciano of sexual impropriety, the latest accusations in a troubled history for the brand. During a March 17, 2022, press conference hosted by attorney Lisa Bloom, three former Guess models and one former employee who alleges an assault occurred in 1983 shared their stories of alleged sexual abuse by Marciano.
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.
Inside Retail
MARCH 22, 2022
Online food delivery in Southeast Asia is big business, and although the reopening of restaurants after lockdowns has made many people eager, even excited, to get out and enjoy eating outside the home, the conditioning wrought by two years of Covid-19 has left an indelible mark. As the CEO and founder of Singapore-based superapp Grab, Anthony Tan, noted on a conference call with analysts recently: “What I can say about deliveries is that there has been, actually, a structural shift in consumer b
Retail Wire
MARCH 22, 2022
The owners of Asda are bidding against Apollo, Sycamore Partners and TDR Capital to acquire the Boots drugstore chain from Walgreens Boots Alliance. Boots currently operates 2,200 stores.
Inside Retail
MARCH 22, 2022
Throughout the last decade, the fashion retail sector has arguably been challenged in ways unlike any other industry. In response, fashion has channelled its creativity into driving innovation, not only within the development of products and ranges, but also in the way organisations operate. Fashion is an industry that has been dominated by consumerism since the beginning of time, and the fashion community has been arguably the only one among such industries to recognise the need for authentic c
Retail Wire
MARCH 22, 2022
Russia’s invasion of Ukraine is not going according to the Kremlin’s plan and the country’s economy has taken a significant hit from sanctions levied by nation’s around the world. President Joe Biden yesterday warned private businesses that Russia may seek to lash out with cyberattacks in an effort to reduce support for sanctions.
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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.
Inside Retail
MARCH 22, 2022
Liquor retailer Dan Murphy’s is set to open a bar in Melbourne where patrons will be served only zero-alcohol drinks. The pop-up bar will open next week in Melbourne’s Hampton suburb, featuring a menu of alcohol-free beers and wines starting from $5. The bar will host a free tasting session in partnership with local producers and a resident mixologist will create bespoke cocktails including negronis and mojitos.
Retail Wire
MARCH 22, 2022
Ulta Beauty has succeeded by providing a wide variety of beauty and wellness products. At the heart of its current strategy is making sure that selection includes products for women of all skin colors. Ulta is a signatory to the Fifteen Percent Pledge, which is its commitment to dedicating at least 15 percent of it shelf space to Black-owned brands.
Wiser
MARCH 22, 2022
The customer path to purchase is very rarely straightforward. Shoppers go through many twists and turns as they decide which product will get them the best bang for their buck. The goal for your brand is to be there to influence consumers at those key moments in the decision-making process and sway them toward your own products. Sometimes, this can alter a customer’s final purchase completely and increase your own profits.
Cisco Retail
MARCH 22, 2022
The Transformational Tech series highlights Cisco’s nonprofit grant recipients that use technology to help transform the lives of individuals and communities. Founded in 2006, nonprofit charity: water has shown an incredible commitment to ensure that more people have access to enough clean water. With the assistance of grant funding from Cisco, charity: water has finalized designs, tested, and implemented a first-of-its-kind Internet of Things (IoT) sensor to remotely monitor rural community h
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
Nvidia
MARCH 22, 2022
We’re working with leaders in quantum computing to build the tools developers will need to program tomorrow’s ultrahigh performance systems. Today’s high-performance computers are simulating quantum computing jobs at scale and with performance far beyond what’s possible on today’s smaller and error-prone quantum systems. In this way, classical HPC systems are helping quantum researchers chart the right path forward.
Cisco Retail
MARCH 22, 2022
I engaged in many conversations at the annual HIMSS Global Health Conference & Exhibition last week , and came away with a resounding call to action. It’s time to make healthcare available and accessible for everyone, everywhere. . The vehicle to achieve global health equity is technology. Currently, nearly half of the world remains unconnected to the Internet, and in many countries, it is not affordable, creating a clear division between those who have access, and those who don’t.
Retail Wire
MARCH 22, 2022
McDonald’s said Szechuan Sauce will be back on the menu starting on March 31, while supplies last. The sauce, which originally debuted in 1998 as part of the fast food giant’s tie-in with Disney’s Mulan, drew public interest in 2017 after it was mentioned on an episode of “Rick and Morty.
Cisco Retail
MARCH 22, 2022
Many parts of the globe have come back to pre-pandemic life in a big way after two years of isolation. I had the opportunity to attend Mobile World Congress (MWC) in Barcelona, Spain (over 61,000 attendees), and the Optical Fiber Communication Conference and Exposition (OFC) in San Diego, California. Those events were super inspiring, not only because now is a terrific time for mobile, wireless and optical technologies but because people were thrilled to finally get together again.
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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.
Retail Wire
MARCH 22, 2022
Nike said COVID-19-related supply issues are behind it now with all its factories in Vietnam back to normal operations. The athletic wear giant reported that sales in North America were up nine percent in the third quarter. Nike’s adjusted earnings per share were 87 cents, above the Wall Street consensus of 71 cents.
Nvidia
MARCH 22, 2022
The largest AI models can require months to train on today’s computing platforms. That’s too slow for businesses. AI, high performance computing and data analytics are growing in complexity with some models, like large language ones, reaching trillions of parameters. The NVIDIA Hopper architecture is built from the ground up to accelerate these next-generation AI workloads with massive compute power and fast memory to handle growing networks and datasets.
Retail Wire
MARCH 22, 2022
The Securities and Exchange Commission has approved a proposed rule that would require publicly traded companies to disclose their greenhouse gas emissions. The rules piggyback on pledges made by companies in recent years to reduce their carbon footprints. Many companies currently include greenhouse gas emissions in their annual environmental reports.
Nvidia
MARCH 22, 2022
The NVIDIA Hopper GPU architecture unveiled today at GTC will accelerate dynamic programming — a problem-solving technique used in algorithms for genomics, quantum computing, route optimization and more — by up to 40x with new DPX instructions. An instruction set built into NVIDIA H100 GPUs , DPX will help developers write code to achieve speedups on dynamic programming algorithms in multiple industries, boosting workflows for disease diagnosis, quantum simulation, graph analytics and routing o
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
Retail Wire
MARCH 22, 2022
Ranchers in Nebraska complained that they saw the price paid for their beef fall even as wholesale prices rose during the pandemic. They responded with Sustainable Beef, a venture intended to bypass the four largest meatpackers — JBS, Tyson, Cargill and National Beef Packing — which account for about 85 percent of the processing market.
Nvidia
MARCH 22, 2022
Lucid Group may be a newcomer to the electric vehicle market, but its entrance has been grand. The electric automaker announced at GTC that its current and future fleets are built on NVIDIA DRIVE Hyperion for programmable, intelligent capabilities. By developing on the scalable, software-defined platform, Lucid ensures its vehicles are always at the cutting edge, receiving continuous improvements over the air.
Retail Wire
MARCH 22, 2022
Kohl’s has received multiple preliminary and non-binding offers for its business. Hudson’s Bay Co. and Sycamore Partners are two of the parties said to be interested in acquiring the retailer.
Nvidia
MARCH 22, 2022
The University of Florida’s academic health center, UF Health , has teamed up with NVIDIA to develop a neural network that generates synthetic clinical data — a powerful resource that researchers can use to train other AI models in healthcare. Trained on a decade of data representing more than 2 million patients, SynGatorTron is a language model that can create synthetic patient profiles that mimic the health records it’s learned from.
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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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