Inside Retail

JULY 25, 2023

Super prime CBD retail rents have surged across Brisbane, Sydney, and Adelaide for the first time since the onset of Covid-19, according to a report by the CBRE. Adelaide recorded the biggest increase, with super prime rents up 7.4 per cent quarter-on-quarter to $3275 per sqm, the Australian Retail Figures Q2 2023 report shows. Brisbane was close behind with a 7.2 per cent quarter-on-quarter jump to $3595 per sqm, followed by Sydney with 1.5 per cent growth to $10,944 a sqm.

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Retail TouchPoints

JULY 25, 2023

Photo courtesy of Abercrombie & Fitch Photo courtesy of Abercrombie & Fitch Photo courtesy of Abercrombie & Fitch Abercrombie & Fitch has opened its new flagship store on Manhattan’s 5th Avenue. Located between 52nd and 53rd Streets, the store features the brand’s women’s and men’s collections as well as dedicated shop-in-shop spaces for Abercrombie Kids and its adult activewear franchise YPB (Your Personal Best).

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Inside Retail

JULY 25, 2023

Trans-Tasman online retailer Kogan says its interim performance has been hit by ongoing market pressures along with softer trading. According to unaudited accounts for the half to June 30, gross sales reached $373.7 million down 22.5 per cent reflecting soft market conditions owing to inflationary pressures and interest rate rises. Adjusted earnings before interest, taxes, depreciation and amortisation were $11.2 million, up 624.1 per cent while inventory levels reduced to $68.2 million.

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Retail TouchPoints

JULY 25, 2023

Any retailer that’s attempted to provide pickup and delivery services knows how fraught (not to mention expensive) they can be. Yet Walgreens has so much confidence in its ability to quickly pick and deliver orders that it’s now offering 30-minute store pickups and one-hour delivery, the latter with a money-back guarantee. Lindsay Mikos, Senior Director, Retail Omnichannel at Walgreens, revealed the multiple interlocking elements that have allowed the retailer to complete “ 35 million pickups an

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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.

Checkout

Inside Retail

JULY 25, 2023

The trend for low-rise rubber-soled “terrace” sneakers could give Adidas and Puma an advantage over Nike this summer, but may not offset weakening US and Chinese demand. German sportswear giants Adidas and Puma have trawled their archives to re-release old styles in new colours, driving renewed interest in the shoes from the 1970s and 1980s named after the standing section at soccer stadiums.

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Retail TouchPoints

JULY 25, 2023

The Home Depot has introduced an online guided version of MISSION TRANSITION , three free, self-paced online courses designed to provide military veterans with the tools to transition into the civilian workforce. Courses include: Optimize Your Resume , Build Your Personal Brand and What to Expect While Interviewing. Approximately 200,000 service members leave the military each year, although only about one in four said they had a civilian job lined up, according to data from the Pew Research Cen

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Retail TouchPoints

JULY 25, 2023

Serta Simmons Bedding (SSB) has named Charlie Eitel as its new CEO and Tim Oakhill as Chief Marketing Officer, effective immediately. Both Eitel and Oakhill held the same positions at Simmons Bedding, where Eitel also was Chairman. The retailer emerged from Chapter 11 bankruptcy earlier this month and has been seeking to stabilize its leadership team.

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Inside Retail

JULY 25, 2023

Kmart recently announced that it was dropping prices for over 1,000 items in order to address the growing cost of living challenges and reduce the financial strain on customers. The move follows a range of other brands, including Ikea and Woolworths, which have announced price reductions in recent months in order to provide some relief for customers.

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Retail Focus

JULY 25, 2023

Luxury Ukrainian nail bar So.Shell has opened its first pop-up salon in London’s Fitzrovia. Joining their original stand-alone space located in the iconic Carnaby area on Marshall Street, the brand’s first UK store which offers a range of nail, eyebrow and lash services with two treatment rooms. The new pop-up will be located at Pinch Bar, situated at 9-11 Tottenham Street.

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Inside Retail

JULY 25, 2023

In my teens and twenties, I didn’t think much about how important it was to like the people I worked with. At the time, I was working as a waiter at a Toronto diner and being friends with my colleagues was part of the experience. But once I became a university professor and an executive educator, I realised the importance of workplace relationships.

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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.

Management

Wiser

JULY 25, 2023

Starting and running a small business is one of the most rewarding experiences that anyone can have. It takes hard work, dedication, and an entrepreneurial spirit to make it successful. But even with all this in place, it can still be difficult for small or local businesses to get noticed and stand out from the competition. That’s why it’s so important for small business owners to understand how to promote their businesses effectively.

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Inside Retail

JULY 25, 2023

As Levi’s marks the 150th anniversary of its iconic 501 jeans, the company has reinvented the classic style for a new generation of consumers focused on sustainable fashion, unveiling a plant-based 501 , a hemp cotton blend Selvedge 501 and a circular 501. The plant-based 501 is made almost entirely out of plant-based materials. The fabric is made from 100 per cent OCS-certified organically grown cotton and dyed with plant-based indigo from Stony Creek Colors, a Tennessee-based natural dyehouse

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Retail Wire

JULY 25, 2023

Gap has tapped into the growing vintage trend by collaborating with vintage collector and retailer Sean Wotherspoon to launch a limited vintage drop. The collection, sourced from Gap’s archives from the 1980s onwards and second-hand clothing stores, sold out quickly, featuring denim overalls, jean jackets, shorts, and logo tees. The vintage collection’s success comes as.

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Inside Retail

JULY 25, 2023

Sales at the world’s top luxury group LVMH rose by 17 per cent in the second quarter, with a sharp rebound in China helping to offset a decline in the United States, where inflation and economic turbulence have dented demand for high-end goods. The French company, whose 75 brands include fashion labels Louis Vuitton and Dior as well as Hennessy cognac and US jeweller Tiffany, said on Tuesday it made $23.4 billion of sales in the three months to the end of June.

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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.

Customer Experience

Retail Wire

JULY 25, 2023

Walmart’s Business App is aimed at serving small businesses and non-profit organizations, providing them with tools to save time and money. The app allows members to order office furniture, supplies, technology products, and more, with options for delivery or curbside pick-up at Walmart stores. Additionally, the app offers spending tracking, access to the marketplace, and.

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Inside Retail

JULY 25, 2023

Launched in October 2022, Nala is an irreverent intimate apparel brand designed with modern consumers in mind. Here, we speak with co-founder Chloe de Winter about the challenges of making size- and gender-inclusive products , navigating censorship on social media , and the importance of having fun with your brand and marketing. I nside Retail : First of all, can you tell me a bit about your background and how you came to launch Nala?

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Retail Wire

JULY 25, 2023

With the release of the “Barbie” movie, small businesses in the U.S. are leveraging social media marketing to capitalize on the Barbie-inspired trend. Many companies are offering Barbie-themed products, from pink handbags to hot pink cocktails, to attract attention and visibility online. While big companies like Zara and Airbnb have partnered with Mattel for licensed.

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Inside Retail

JULY 25, 2023

RM Williams has collaborated with Rugby Australia to create a limited-edition collection inspired by both Wallabies costumes and RM Williams motifs. The limited edition range of licenced apparel, accessories, and footwear, designed to coincide with the Wallabies’ trip to France, is part of a multi-year relationship struck last September between RM Williams and Rugby Australia.

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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.

Point of Sale

Retail Wire

JULY 25, 2023

Ultrawealthy homeowners are embracing the quiet luxury trend with a $220 light switch from Forbes & Lomax, known as the “Invisible Light switch,” becoming a status symbol. The switch, designed with cues from the 1930s, is being referred to as “house jewelry” by some architectural experts, highlighting its appeal to those seeking discreet and elegant.

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Inside Retail

JULY 25, 2023

Eight telecommunication operators have been warned by the Australian Communications and Media Authority (ACMA) after they failed to provide “adequate safeguards” to customers regarding disconnections. The ACMA investigation found various breaches of the Telecommunications Consumer Protections Code (TCP Code) which could have helped customers avoid service restrictions, suspensions or disconnections.

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Retail Wire

JULY 25, 2023

McDonald’s workers in southern Italy went on strike as temperatures reached 104 degrees Fahrenheit, and they were forced to work in sweltering conditions alongside hot kitchen equipment with faltering air conditioning. The intense heat caused several employees to fall ill, leading to a demand for better working conditions and proper cooling measures.

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Inside Retail

JULY 25, 2023

Aeon Mall has long been a powerhouse among mall developers and operators in its home country of Japan. For some time though, it has seen the biggest growth opportunities overseas and it is running fast to turn those opportunities into bricks-and-mortar. In its latest financial report, for the quarter ending 31 May, Aeon was at pains to push that point further.

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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

Management

Retail Wire

JULY 25, 2023

Costco price tags bear a small asterisk symbol that fans have dubbed the “star of death,” but a manager from Texas has explained that it actually indicates “pending delete” status in Costco’s inventory management system. When an item is marked as “pending delete,” it means it might be cleared out from the inventory as part.

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Shopping Center

JULY 25, 2023

Milwaukee, Wis. — Legacy Realty Group Advisors has arranged the sale of Packard Plaza, a 125,250-square-foot shopping center in Milwaukee. Tenants at the property include Dollar Tree, Family Dollar, JOANN, AutoZone… The post Legacy Arranges Sale of 125,250-Square-Foot Shopping Center in Milwaukee, Wisconsin appeared first on Shopping Center Business.

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Retail Wire

JULY 25, 2023

Adidas expects a smaller operating loss of 450 million euros ($498.56 million) this year, thanks to unexpectedly strong sales of Yeezy shoes left over from their terminated collaboration with rapper Kanye West (Ye). The German sportswear giant had previously forecasted a loss of 700 million euros for the year, but the success of Yeezy sales.

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Retail Gazette

JULY 25, 2023

Mike Ashley, the retail mogul has offered nearly £50m to acquire an outlet shopping centre on the outskirts of Leeds, marking his latest foray into the world of retail property, the Times reports. The billionaire owner of Frasers Group, has tabled the offer for Junction 32, which lies just off the M62, near Castleford. The 250,000 sq ft outlet shopping centre has close to 100 stores, including outlet shops for popular brands including Nike, Adidas and Barbour, as well as Fraser-owned Jack Wills

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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

JULY 25, 2023

Australian researchers have received a $600,000 grant from the Office of National Intelligence to explore the integration of human brain cells with artificial intelligence. Working with Cortical Labs, they have demonstrated the capability of brain cell clusters in a Petri dish to play “Pong.” The ambitious project aims to create AI systems that can learn.

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Retail Gazette

JULY 25, 2023

Sainsbury’s has cut the cost of its own brand toilet paper and kitchen towels, passing 4m in savings directly on to customers as the price of pulp continues to fall. Shoppers at the supermarket will see up to 7% reduction in price of toilet paper and kitchen towels in the latest of a series of price cuts on popular household essentials, after already reducing the prices of toilet paper and kitchen towels by 18% in the last two months.

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A1 Retail

JULY 25, 2023

Food-on-the-go retailer Greggs has opened a new shop in Gatwick Airport’s South Terminal, marking its first airport site in London, and eighth airport location in the UK. The Gatwick opening represents a major milestone in Greggs’ expansion strategy, which focuses on extending beyond the high street to key transport hubs across the UK. While the Company has built a strong presence in the UK’s traditional towns and suburban locations, a key aspect of its future growth plans will centre on targeti

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Retail Gazette

JULY 25, 2023

Greggs has unveiled its first London airport shop at Gatwick’s South Terminal. The food retailer said the move represents a major milestone in its expansion strategy across key transport hubs in the UK. The 1600sq ft shop – twice the size of a typical Greggs store – is open 24 hours a day and serves the retailer’s full menu of freshly prepared salads and sandwiches, bakes, a range of sweet treats as well as hot food options.

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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

Customer Experience