Mon.Feb 28, 2022

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Lids opens quartet of UK stores as part of international expansion

Retail Focus

US-based sports retailer Lids has opened its first four European stores – adding 234 sqm to its UK footprint. The launch forms part of a wider plan to increase the brand’s international presence, representing the first of many physical stores planned across the continent. The vision for the initial quartet of retail outlets has been brought to life by commercial interiors specialist Agilité Solutions – which completed the fit-out of shops in Covent Garden and the 02 Peninsula Square in London, L

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How Can Brands Capitalize on NFTs? VC Firm Spotlights 3 Trends

Retail TouchPoints

The NFT space is heating up, and brands across the retail realm are eager to show their innovation in the quickly blossoming category. Just look at the Super Bowl’s roster of advertisers for a small sampling of the diverse brands diving head-first into the metaverse. As demand on the brand side increases, so does demand on the creator side. That’s why firms like Panoramic Ventures are focusing on investing in companies that support the acceleration of the NFT and blockchain market.

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Ikea opens doors on first UK high street small-format site

Retail Focus

Ikea opens its first city centre store in the UK today with the company’s boss saying he hopes it will mean shoppers come to the retailer more often. Customers will be able to buy home accessories and soft furnishings at the new site in Hammersmith, west London, but they will also be able to see entire room sets and order beds, wardrobes and bookshelves for home deliveries.

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Her Black Book raises $1.6 million three months after launch

Inside Retail

Premium fashion shopping app, Her Black Book, has bagged $1.6 million in an oversubscribed round led by Andrew Hagger, the CEO of Australia’s largest private investment group Tattarang. The equity round, joined by Afterpay-backed Touch Venture, raised Her Black Book’s value by 50 per cent compared to its pre-launch capital raise. The three-month-old app was founded by Sali Sasi and Julie Stevanja, who is also the founder of activewear giant Stylerunner.

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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.

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Time to De-Uberize: the Hidden Power of Live Commerce

Retail TouchPoints

Recently, retail and manufacturing brands have been following an odd if predictable playbook. They have taken the lead of the ride-sharing service Uber and dedicated themselves to providing faster, easier and more functional service. There is nothing wrong with this — if you’re Uber. Thanks to an obsessive focus on impersonal functionality, the brand (and others like it) have certainly made great improvements to traditional ride services.

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Russian liquor pulled from shelves in response to invasion

Inside Retail

Australia’s largest two liquor retailers have begun destocking Russian vodka from the shelves of retail stores, joining vendors across New Zealand, Canada, the US, and some European markets in response to Russia’s invasion of Ukraine. Coles told Inside Retail that the company took steps to remove Russian products from the shelves of its Liquorland, Vintage Cellars and First Choice stores last night.

Consumer 246

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ARA names new president, board

Inside Retail

Wesfarmer’s Nicole Sheffield has been elected president of the Australian Retailers Association, overseeing a board with several new councillors and advisors. . Sheffield, the ARA’s first female president, succeeds Rowan Hodge who steps down after four years but who will continue as a council member. Stephen Younane, CEO at Retail Prodigy Group, has been elected VP and Drew Meads, franchise manager at Forty Winks, is the new treasurer.

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Target Enhances Employee Benefits with Higher Wage Range and Expanded Healthcare Access

Retail TouchPoints

Noting the importance of investing in its team members, Target announced a new starting wage range of $15 to $24 per hour , along with greater healthcare access for workers and their families. The enhanced pay and benefits packages will require Target to invest up to $300 million this year. “Our team is at the heart of our strategy and success, and their energy and resilience keep us at the forefront of meeting the changing needs of our guests year after year,” said Melissa Kremer, Chief Human R

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Moss Bros. and Sketchers set to open in Woking this spring

Retail Focus

Victoria Place in Woking, co-owned by Woking Borough Council and Moyallen Group, has announced the signing of Moss Bros. and Skechers, with both brands set to open later this spring. Opening on Henry Plaza, which forms part of the £700 million redevelopment of Woking town centre, Moss Bros., will occupy a 2742 sq ft boutique stocking its full collection of versatile clothing, footwear and accessories.

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Analysis: Welcome to the supply chain of the future

Inside Retail

As we look back at the past couple of years for clues about what the future holds for supply chains, we see similar issues have become apparent across e-commerce and international logistics. Whilst 2020 was about dealing with the outcomes of the acceleration of e-commerce and omnichannel, in 2021, retailers were trying to cope with a perfect storm of demand and supply issues, including international shipping uncertainty, loss of capacity, increased costs – even a lack of containers and pallets.

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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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Kimberly-Clark acquires direct-to-consumer feminine care brand

Retail Wire

Kimberly Clark has acquired a majority stake in Thin, a consumer-direct brand known for its period underwear. Terms of the deal were not disclosed. “Kimberly-Clark invented the ‘femcare’ category 100 years ago and Thinx invented the ‘femtech’ category nine years ago. It’s fitting that we will be working more closely with a like-minded organization to realize our mission and vision, and to enable Thinx underwear to more quickly become a mainstream product for period and bladder leak needs,” said

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Revealed: MyDeal’s roadmap to tackle the $8.1bn online homewares market

Inside Retail

Online homewares marketplace MyDeal put out strong results in the first half of FY22 yesterday and, for the first time, has put forward its expectations of growth for the rest of the year. During the first half, gross sales hit a record $152.6 million, up 20.4 per cent, while its revenue rose 55 per cent to $32.9 million. Active customers reached approximately 963,000 by the end of the half, and crested 1 million by February.

Marketing 130
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Self-driving truck company looks for space to park

Retail Wire

Alterra Property Group and Embark Trucks have reached a deal to buy property across the U.S. from which the latter firm’s autonomous trucks can operate. Strict zoning laws have restricted the places where firms can place autonomous trucking hubs.

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Toys ‘R’ Us posts good sales revenue for the first-half

Inside Retail

Toys ‘R’ Us Limited has registered ‘robust growth’ in order volumes in the first half of the financial year, with e-commerce sales revenue and orders contributing greatly. Unaudited sales revenue rose 85 per cent to $8.5 million compared to the previous corresponding period. The number of orders received accounted 65 per cent contributing $72,600, while the average order value was estimated at $115.70 – a 22 per cent increase.

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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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Target starting wages could go as high as $24 an hour

Retail Wire

Target is upping starting wages at some stores and distribution centers to $24 an hour. The chain is taking this action in areas like New York where labor is in short supply and the cost of living is high. Target’s current starting wage is $15 an hour. “The market has changed,” said Target CEO Brian Cornell. ”We want to continue to have an industry-leading position.”.

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How pop-ups are driving international growth for Aussie fashion label Sir

Inside Retail

Australian designers Nikki Campbell and Sophie Coote founded their fashion label Sir (an acronym for separates, intimates and ready-to-wear) in an apartment in Bondi in 2014. Now, over seven years later, the brand has garnered international success, and the pair have opened a flagship store in the same suburb where it all began. We recently caught up with Campbell and Coote to find out more about their plans to bolster their overseas presence through pop-ups, offer more genderless fashion and fu

Fashion 130
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Network as a Service: The changing face of NetOps

Cisco Retail

Next era of networking roles. Brace or embrace. Slightly oversimplified, but in my estimation, those are two of the primary choices we all have when it comes to the change and evolution of our job roles. For years, actually, decades is more accurate, network admins, architects, engineers, and strategists have experienced the familiarity of generally stable job descriptions.

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Aje Athletica opens first London pop-up store, at Harrods

Inside Retail

Aje Athletica is expanding its international presence with the launch of its first overseas pop-up at the department store Harrods in London. Opening until April 17, the London pop-up store will house an array of pieces from the Spring-Summer 2022 collection ‘Sequence’ together with an exclusive style to Harrods, the Impression Dress in Sky Blue. The store design follows the style of Aje stores across Australia and New Zealand, featuring contemporary architectural finishes in free-forming curves

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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.

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Cyber Asset Attack Surface Management with Cisco Secure Cloud Insights: Beyond CSPM

Cisco Retail

In today’s digital-first world having enterprise grade information, services, and workloads in the cloud is becoming increasingly important for success. Nonetheless the lack of asset visibility that haunted private networks has not disappeared in the cloud era; it has been transferred, or some may say even aggravated. In its Hype Cycle for Security Operations, Gartner has defined Cyber Assets Attack Surface Management (CAASM) as “an emerging technology focused on enabling security teams to solve

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Starbucks in Arizona votes to bring union in

Retail Wire

Employees at a Starbucks in Mesa, AZ, voted by 25 to three to be represented by Workers United, part of the Service Employees International Union. The location becomes the third Starbucks in recent months where baristas have brought in a union.

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Achieve a Secure, Sustainable Network with Cisco 8000

Cisco Retail

Digital transformation is sweeping across the world in every industry sector, and now Internet of Things (IoT) is applicable to so many fields we never considered a decade ago. Any object can be turned into a data acquisition point by using a suitable sensor and connecting this to a wireless sensor network makes IoT a reality. For example, I can connect a simple wooden table and chair to a network by using sensors that properly detect their usage.

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Russia’s war on Ukraine drives oil prices up

Retail Wire

Oil prices jumped three percent today, pushing the cost of a barrel above $101 in the Brent oil benchmark and to about $95 for American West Texas. The national average for a gallon of gas is $3.61, nearly a dollar higher than at this point in 2021.

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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

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Walmart's third-party fulfillment business grew 500% last year

Retail Dive

The retailer hopes to grow its seller base and their sales with logistics services, which in turn can help boost its nascent advertising business.

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Primark’s outlook improves

Retail Wire

Primark’s business is rebounding as COVID-19 restrictions are lifted and larger numbers of consumers return to stores. “Omicron really reduced footfall in December but now across the piece we’re seeing footfall improving,” said John Bason, CFO of Associated British Foods, Primark’s parent company.

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Target's new hourly wage will soon be as much as $24

Retail Dive

The mass merchant, whose starting rate has been $15 for a couple of years, will invest up to $300 million for pay and benefit expansions.

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Black women connect on social shopping groups

Retail Wire

Black women have formed shopping groups on social media for Costco, Starbucks, Target and Trader Joe’s. Mercedes “Dee” Davis started a private Facebook group for black women that uses the hashtag #BlackGirlsInTraderJoes, which has over 44,000 members.

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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.

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See How This Diabetic-Friendly Brand Proves Life Really Can Be Sweet

Rangeme

Life sure is sweet, but not in the same way for everyone. In 2018, French-trained personal chef Rodolfo Fernandes knew he had to create something sweet and healthy that everyone could enjoy without losing the satisfying taste of “sugar” after remembering a story from his childhood. That’s where No Sugar Aloud comes in, a sugar-free, low-carb yet scrumptious line of baking mixes.

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Calls for boycott of Russian goods grow

Retail Wire

Campaigns targeted at making Russia pay for its attack on Ukraine are gaining momentum. Liquor stores in the Canada have stopped selling Russian spirits.

ATS 100
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A few words with Vadim Rogovskiy, 3DLOOK CEO

Fashion Retail

Vadim Rogovskiy is CEO and co-founder of 3DLOOK, the global leader in AI-first mobile body measuring and fit solutions. Vadim is an angel investor and partner at Geek Ventures, an advisor and mentor at 500 Startups, and a Forbes “30 Under 30” alumni. I discovered 3DLOOK when writing about the fashion technology ecosystem. Then, in … More A few words with Vadim Rogovskiy, 3DLOOK CEO.

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Levin Johnston, Taycon Real Estate Broker $36 Million Sale of Shopping Center in Metro San Jose

Shopping Center

Los Gatos, Calif. — The Levin Johnston commercial real estate advisory group of Marcus & Millichap and Taycon Real Estate have arranged the $36 million sale of El Gato Village Shopping Center, a retail property situated on 3.4 acres in… The post Levin Johnston, Taycon Real Estate Broker $36 Million Sale of Shopping Center in Metro San Jose appeared first on Shopping Center Business.

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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.