Wed.Apr 06, 2022

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How Data-Driven Tech Can Help Maximize Revenue for Shopping Centers

Retail TouchPoints

Shopping center owners and operators have faced rapid shifts in the retail landscape over the last few years due, in part, to an increase in online shopping and the buy online, pick up in-store response to the COVID-19 pandemic. Now that restrictions are being lifted and people are excited to visit stores again, shopping center owners and operators have an opportunity to simultaneously transform the shopper experience and maximize revenue.

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Behind the launch of Bonds Home: ‘People want to express themselves’

Inside Retail

Famous for its underwear and loungewear, Bonds recently launched its first ever range of homewares. Here, the brand’s head of marketing Kelly McBride shares the thinking behind the launch, and whether any other new product categories are on the horizon. . Inside Retail : Tell me about the decision to enter the homewares category. Where did the idea come from, and what was involved in launching it?

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Hitting the Brick-and-Mortar Mark While Blending Ecommerce Convenience into Design

Retail TouchPoints

The ecommerce surge generated by COVID-19 fueled a long-standing debate within the retail industry regarding the role of brick-and-mortar. But while reports of the “death” of the physical store have been greatly exaggerated, it’s clear that while stores are still vital elements in the shopper journey, they will need to be rethought — and in some cases redesigned — to reflect consumers’ still-evolving preferences.

Location 299
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Eatertainment concept to anchor Aurora Melbourne Central

Inside Retail

Malaysian property developer UEM Sunrise Berhad has signed a 15-year tenancy agreement with Aurora Melbourne Central precinct to open a first-of-its-kind table tennis and dining-based entertainment concept. Called Paddle Battle, the new ‘eatertainment’ venue will take up a 1680sqm retail area on the lower ground floor of the 86-storey tower.

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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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How to Build Product Pages That Convert

Retail TouchPoints

Online retail brands devote an incredible amount of time to the creation of a polished and attention-grabbing homepage. The splashy hero image, a video on autoplay, a carousel of images for a new collection — getting these visuals right plays a huge role in influencing shoppers. Then there’s the website navigation, web accessibility, mobile friendliness and the checkout experience.

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Uniqlo to launch collab with New York fashion label Theory

Inside Retail

Japanese apparel retailer Uniqlo is to bring its collection with New York-based fashion brand Theory to Australia this month. The Uniqlo x Theory AW 2021 collection, following a black and white colour scheme, features items with neutral designs and can be worn in different climates. The lineup includes skirts, minimal shirt jackets, and double-pleated pants.

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More Trending

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Consumer spending predictions in 2022

Inside Retail

If the past two years have taught us anything, it’s that being available to consumers across different channels is key to your success. In the fourth report of its kind, Pattern Australia polled 1000 online shoppers in March 2022 to learn about customer behaviour last year and how shopping habits are likely to change in the year ahead. . Each month Pattern releases research into online performance trends, benchmarking a range of metrics and channels for the Australian market.

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Report: Westfield Parent Aims to Sell its U.S. Mall Properties by Late 2023

Retail TouchPoints

Mall operator Unibail-Rodamco-Westfield SE (URW) is reportedly looking to divest most of its U.S. retail properties by the end of 2023, according to The Wall Street Journal. The plan, which was first announced in February 2021, may end up seeing a loss on the $14 billion it spent four years ago to acquire some of the country’s top-performing malls. URW valued its U.S. portfolio at $13.2 billion at the end of 2021, though commercial real estate analytics firm Green Street estimated that the asset

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How to delegate and still get great results

Inside Retail

You’ve tried delegating to your team and it hasn’t worked out so well. You have had to send work back for them to re-do it which made them resentful. Redoing it yourself makes you resentful. Let’s face it, it would have been easier and faster to do it yourself in the first place. You may feel like you are falling into a vicious cycle of reacting, redoing and responding – something that is typical of those in a middle management role.

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Target Unveils 30,000-Square-Foot Times Square Location

Retail TouchPoints

Target ’s newly opened Times Square location — 30,000 square feet in the middle of Manhattan — features designs inspired by local culture. Additionally, as the retailer continues its $5 billion 2022 expansion , the Times Square store serves as an example of Target’s smaller-format capabilities. At the entrance visitors encounter a digital Target-red curved display measuring 84 feet high with the company’s bullseye logo in the center of the space.

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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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Donor dysfunction: How Thankyou is turning its charity work upside down

Inside Retail

Social enterprise and household goods brand Thankyou is overhauling how it funds charities and organisations around the world. Thankyou commits 100 per cent of its business’ takings to the goal of ending extreme poverty, and up until recently, it would fund targeted initiatives around the world. But last week, the business announced it will implement a concept known as ‘unrestricted funding’, which allows recipients to use the money for what is actually needed on the ground, rather than tying fu

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Teens keep spending despite worries about U.S. economy

Retail Wire

American teenagers continue to spend big on brands that combine comfort and fashion, such as Nike and Lulemon, even as their concerns grow about the U.S. economy, according to Piper Sandler’s biannual “Taking Stock With Teens” report. Teens plan to spend about nine percent more in 2022 than in 2021.

Fashion 130
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Even Japan’s Takashimaya can’t escape department stores’ woes

Inside Retail

‘Iconic’ is quite possibly the most overused and devalued word in business marketing, the go-to term for marketers in their media releases to spruik anything they happen to be pushing at the moment. We have ‘iconic’ shopping centres, ‘iconic’ retail stores, ‘iconic’ restaurants, ‘iconic’ hotels, ‘iconic’ rock groups. But Takashimaya, a retailer of 1831 vintage and still the largest department store chain in Japan, is surely genuinely deserving of the word.

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Inflation hits lower income Americans hard

Retail Wire

Low-income households spend 77 percent of their income on necessities compared to 31 percent for those in higher income brackets. Lael Brainard, a governor of the Federal Reserve, said lower income consumers have fewer options for saving when inflation hits. “A household that had been purchasing brand-name cereal could save money by purchasing store-brand cereal instead, perhaps even eliminating any effect of the price increase on their actual spending while purchasing the same quantity of cerea

Consumer 130
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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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Amazon Australia maintains pace

Inside Retail

Pattern Australia has released its fourth annual report on consumer considerations and e-commerce. Impressively, Amazon has managed to hold onto the accelerated gains it made in the last two years when consumers were in lockdown, and the research finds that e-commerce shoppers have no plans to slow their spending on the marketplace in 2022. DTC is also a big winner with most consumers anticipating they will spend more online via a brand’s own digital channels. .

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NVIDIA Orin Leaps Ahead in Edge AI, Boosting Leadership in MLPerf Tests

Nvidia

In its debut in the industry MLPerf benchmarks, NVIDIA Orin, a low-power system-on-chip based on the NVIDIA Ampere architecture , set new records in AI inference, raising the bar in per-accelerator performance at the edge. Overall, NVIDIA with its partners continued to show the highest performance and broadest ecosystem for running all machine-learning workloads and scenarios in this fifth round of the industry metric for production AI.

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Aesop leases space in Melbourne’s ‘Paris’ precinct for flagship

Inside Retail

Australian luxury skincare brand Aesop is set to open a new flagship store in Melbourne’s CBD in the George’s Building. The new store will occupy the former Dolce Firme space covering 79.3sqm of retail area neighbouring Christian Louboutin at the Paris end of Collins Street. . Jennifer Tai, Colliers’ CBD retail leasing manager, Adam Lester, Colliers’ Victorian director of retail leasing negotiated the off-market deal.

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Enabling Security Resilience in the Face of Unpredictable Change

Cisco Retail

Security has never been more top of mind. Perhaps it’s exacerbated by what’s going on in Ukraine and the challenges it presents to the world, including the real fears over cyberwarfare. Of course, threats becoming advanced, the move to the cloud, and hybrid work remain among our customers’ biggest challenges. Who knew that when we all left the office more than two years ago, we would be gone to for so long—let alone hybrid work and its permanence becoming part of our work-life reality?

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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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Snapchat: 92% of Gen Z want to use AR for shopping

Retail Dive

In a study, the social network also found the demographic was more likely than other generations to buy a product they had experienced in AR.

Shopping 141
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Making the Access Networking Choice

Cisco Retail

Part 1 of the Wi-Fi 6E and Network Access Series : Making the Access Networking Choice. When it comes time to upgrade your network, we know that there are plenty of options in the industry. But after you review those options, you’re going to realize that Cisco is the best choice when it comes to Access Networking. The global pandemic of the last two years has shifted the way that most people operate their business.

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Target opens Times Square store

Retail Wire

Target has opened a 30,000-square-foot store in New York’s Times Square. The store, which builds on Target’s smaller store strategy for urban areas and college towns, is tailored to serve the local community.

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Fast and Luxurious: The Intelligent NIO ET7 EV Built on NVIDIA DRIVE Orin Arrives

Nvidia

Meet the electric vehicle that’s quick-witted and fully outfitted. Last week, NIO began deliveries of its highly anticipated ET7 fully electric vehicle, in Hefei, China. The full-size luxury sedan is the first production vehicle built on the NIO Adam supercomputer , powered by four NVIDIA DRIVE Orin systems-on-a-chip (SoCs). The production launch of its flagship sedan follows a blockbuster year for NIO.

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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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Instacart faces pressure to keep pandemic boom going

Retail Wire

Instacart has been one of the biggest beneficiaries of changing consumer habits related to grocery purchases. The delivery service is now looking for ad revenues and other initiatives to continue growing its business even as demand levels off.

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Securing digital manufacturing—from a vicious to a virtuous circle

Cisco Retail

What do factory operations (OT) and IT teams have in common? They both want a reliable and efficient industrial network to increase production outputs, reduce downtime, and protect the enterprise from cyber attacks. But beyond that, each team has its own objectives. OT is dealing with crises like supply chain disruptions and the relentless push for sustainable manufacturing , increased productivity, and faster cycles.

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3-D graphics engine could change the shape and face of the metaverse

Retail Wire

Epic Games’ new Unreal 5 3-D real time graphics engine promises to be the closet thing to real life. “This new generation brings the ability to have objects that are as detailed as your eye can see — not just with the shading on them, but on the geometry itself,” said Tim Sweeney, founder and CEO of Epic Games. “And it brings in the lighting from the real world, which is freeing also.

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The Launchpad ?? – Kickstart Your Learning Journey – Part 1

Cisco Retail

Welcome to the Launchpad, our new blog series! This is your one-stop shop for everything you need to get started with a certain technology or certification path. It’s also the perfect place to be if you just want to learn something cool. As I use my time to pick up a new skill or study for a certification, I realized that I don’t always know where to start.

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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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More than 50 Amazon warehouses want union votes

Retail Wire

Workers at more that 50 Amazon.com warehouses have reached out to the Amazon Labor Union after it won a vote in Staten Island, NY. The facility becomes the first to go for a union at Amazon.

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Customer Service Is More Important Than Price

Hyken

“Is customer service more important than price?” . That’s exactly what we asked more than 1,000 consumers in our customer service research. The response was that 58% said, “Yes.” And just to make sure, we asked a similar question later in the survey, “Would you pay more if you knew you would receive great customer service?” Once again, 58% said, “Yes.” .

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USDA expects food prices to jump across the board

Retail Wire

The U.S. Department of Agriculture’s Economic Research Service expects food prices to rise 4.5 percent to five percent this year. The cost of eating out will rise 5.5 percent to 6.5 percent.

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Adidas goes sci-fi with personality-based metaverse avatars

Retail Dive

The integration with Ready Player Me lets users explore the metaverse with a consistent identity while boosting visibility for Ozworld shoes from Adidas.

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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