Fri.Jun 30, 2023

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The Vital Role of Payment Card Industry (PCI) Compliance for Retail Businesses

One Step Retail

Safeguarding Your Operations and Reputation Ensuring compliance with industry standards and regulations is paramount for retail business owners. Compliance protects you from legal repercussions, safeguards your operations, and upholds your reputation.

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Becoming a Part of Our Customers’ Relationships

Retail TouchPoints

We are a company all about relationships because that’s what our customers are celebrating when they buy from us — all the relationships in their lives. We celebrate relationships throughout the year — birthdays, anniversaries, new babies, graduations, weddings, bar mitzvahs — and that also might include marking National Siblings Day, Mother’s Day, Best Friend’s Day, Parents Day, Cousins Day and Father’s Day.

Marketing 235
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Thankyou opens its first retail space, at Melbourne’s Emporium

Inside Retail

Lifestyle brand Thankyou has opened a 12-week pop-up called Inside Store in Melbourne’s CBD to increase consumer awareness of its newly relaunched product lines. The pop-up store is located at Emporium Melbourne and will be open until September 24. Thankyou’s new home cleaning and personal care products range – Thankyou Reimagined, which the brand says will become its hero items – will feature at the Inside Store.

ATS 246
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Lacoste Evolves NFTs into Community-Focused Loyalty Program

Retail TouchPoints

French fashion brand Lacoste is expanding the utility of its UNDW3 NFT collection, first released in June 2022, to include a Web3-based loyalty program that will allow members to earn rewards and co-create, multiple sources report. Owners of one of the company’s 11,212 “Genesis Pass” UNDW3 (pronounced “underwater”) NFTs can now convert those digital tokens into an UNDW3 Card, and connect their wallets to a new dedicated site where they will gain access to “creative sessions, contests, vid

Fashion 324
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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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Dior to open its first boutique in Perth

Inside Retail

Dior will open its first store in Perth late next year, at 277 Murray Street in Wesley Quarter. The 850sqm store spans two levels and aims to offer customers an “immersive” Dior experience. “The demand for luxury products continues, and the Perth CBD will see the biggest change in its retailing landscape in the last 30 years,” said Lease Equity MD Jim Tsagalis.

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Fenty Beauty Launches Product-Creation Activation in Roblox

Retail TouchPoints

Fenty Beauty ’s new Roblox activation will feature interactive scavenger hunts, mazes and other opportunities to learn about the inspirations for, and ingredients from, some of the company’s products. The event, called The Fenty Beauty + Skin Experience , launched on June 30 and will run through July 30, 2023. The metaverse experience will reportedly teach shoppers about popular products, including Fenty Skin Melt Awf Jelly Oil Makeup-Melting Cleanser, Fenty Eau de Parfum and Fenty Beauty Gloss

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Update: Alibaba’s Freshippo Plans to Open Additional Stores as it Preps for IPO

Retail TouchPoints

Alibaba has opened 12 new Freshippo supermarkets in eight Chinese cities, including Beijing, Shanghai and Guangzhou. Earlier in June, Freshippo executives met with Australian brand leaders about importing produce to China in preparation for the retailer’s IPO , although no date has been set for the public offering. Freshippo combines physical and digital commerce in its 300+ stores throughout the country.

Planning 250
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Nike is discounting DTC prices to move inventory

Retail Wire

Nike is finding it more difficult to clear its inventory in light of current economic challenges and is resorting to discounting to boost sales. The athleticwear brand’s CFO Matt Friend, said Nike plans to continue promoting its direct-to-consumer business.

Wholesale 148
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Eroding profit overshadows strong Nike sales performance

Inside Retail

Nike’s top-line strong sales growth is being overshadowed by continued weakness on the bottom line, where profit has been sharply eroded and came in a fraction below expectations. The sports retailer has reported full-year revenue of $51.2 billion, up 10 per cent compared to the prior year, and up 16 per cent on a currency-neutral basis. Unfortunately, Nike is facing the headwind of slower demand for sneakers and apparel which is pushing down wholesale orders, driving up inventory, and necessita

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Baby products brand wins intellectual property rights to Buybuy Baby

Retail Wire

Dream on Me Industries, which sells baby cribs, strollers and other products to retailers including Amazon.com, Target, and Walmart, has won the rights to Buybuy Baby’s trademark and domain at auction. Dream on Me’s winning bid is temporary and could still be topped at an upcoming auction that includes Buybuy Baby’s physical assets.

ATS 148
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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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M&S trials discounted prices for Sparks members

Retail Gazette

// M&S is testing Sparks Prices across 50 stores in South Wales, the North East and West Midlands // Shoppers can save up to £2 on select ‘Dine In’ meals and certain bottles of Prosecco M&S has become the latest grocer to introduce exclusive pricing for members of its loyalty scheme. The retailer is testing Sparks Prices across 50 stores in South Wales, the North East and West Midlands, IGD reported.

Grocer 117
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FTC planning to sue Amazon over marketplace practices

Retail Wire

The U.S. Federal Trade Commission (FTC)is expected to file a lawsuit in the coming weeks alleging that Amazon.com rewards third-party marketplace sellers that use its logistics services and penalizes those that do not. The FTC last week accused Amazon of duping millions of consumers into joining its Prime subscription program.

Planning 148
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In pictures: Burberry honours heritage in New Bond Street flagship redesign

Retail Gazette

Burberry has reopened the doors to its flagship on New Bond Street, which closed earlier this year for renovation works. The luxury fashion house has updated the 22,000 sq ft retail unit to showcase a new, fresh and dynamic interior that features subtle references to the brand’s heritage. The store carries the brand’s womenswear, menswear, eyewear, shoes, and accessories lines, with a stronger focus on leather goods, and a new VIP area.

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Transgender woman at the center of Bud Light controversy criticizes brewer

Retail Wire

Dylan Mulvaney, the transgender woman whose participation in a Bud Light marketing campaign set off protests from anti-LGBTQ groups, said she has been harassed in public and felt scared to leave her home. She has taken issue with Anheuser-Busch’s response in the wake of the initial negativity.

ATS 100
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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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John Lewis submits proposals for 800 rental homes

Retail Gazette

John Lewis Partnership has submitted its first planning applications to build hundreds of new rental homes in West Ealing and Bromley. It forms part of the retailer’s plans to deliver 1,000 ‘build to rent’ homes in London and Reading as part of a £500m joint venture with investment company Abrdn. The Partnership had submitted plans that would see 428 new homes in West Ealing and 353 in Bromley, while initial plans for a vacant warehouse site in Reading would be brought forward later this year.

Planning 109
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Americans celebrate July 4th with lower gas prices

Retail Wire

The national average for a gallon of gas is $3.52, down six cents from the previous week. Patrick De Haan, GasBuddy’s head of petroleum analysis, thinks the national average may drop to $3.49 by July 4.

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Seasalt hires former Specsavers tech exec to newly created CIO role

Retail Gazette

Seasalt has appointed Mel Wilcox into its newly created role of chief information officer and Duncan Tennent as its director of strategic partnerships. Wilcox, who previously served as global portfolio director at Specsavers, will be responsible for “shaping the future of IT services” for the company and its customers. Ex-Monsoon Accessorize head of international Tennent will lead the UK and international 3rd party B2B and B2C sales efforts and commercial operations.

ATS 102
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Consumer spending slowed in May

Retail Wire

Consumer spending increased 0.1 percent in May, according to the Commerce Department. Spending was flat when adjusted for inflation.

Consumer 114
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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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André Fu designs colourful Casetify shop in Japan informed by shoji lanterns

Dezeen

Hong Kong-based architect and interior designer André Fu has completed the first global flagship store for electronic accessory brand Casetify in Osaka , combining traditional Japanese shoji paper lanterns with bright colours. The store, which marks the first retail project by Fu in Japan, was informed by the urban landscape of the Shinsaibashi neighbourhood in Osaka where the store is located.

Shopping 100
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STRIVE Arranges Sale of 29,962-Square-Foot Retail Center in Metro Dallas

Shopping Center

Irving, Texas — STRIVE has arranged the sale of Irvingate Center, a 29,962-square-foot retail center located in Irving, roughly 14 miles outside Dallas. The property was 86 percent leased at the… The post STRIVE Arranges Sale of 29,962-Square-Foot Retail Center in Metro Dallas appeared first on Shopping Center Business.

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Too Faced, Smashbox undergo layoffs

Retail Dive

The makeup brands — which are both owned by Estée Lauder — will lay off select employees in California effective Aug. 15.

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Work Socks: Our Top Picks for Men and Women

Small Biz Trends

Whether you’re a small business owner, a freelancer, or a tenacious entrepreneur, your feet bear the weight of your ambitions. Quality work socks may seem trivial to your daily attire, but they play a significant role in your productivity and well-being. This comprehensive guide will help you decide on the best work socks that promise durability, comfort, and support, ideal for long work days.

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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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Nike breaks $50B in revenue as it warms back up to wholesale

Retail Dive

CEO John Donahoe said recent shifts back into DSW and Macy’s were “simply an extension” of the retailer’s existing strategy.

Wholesale 114
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Tech Learning Takes a Turn for the Faster: Introducing The U.

Cisco Retail

Welcome to The U. , a new expert-led technical video series from the masterminds behind Cisco U. , our new digital tech learning experience.

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Retailers brace for hit to discretionary spending, holiday sales as Supreme Court nixes student loan forgiveness

Retail Dive

Apparel, home goods and electronics will likely be impacted the most as households pull back further in order to pay down debt.

Apparel 110
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Revolutionizing SSE: AI powered Access and Security Integration

Cisco Retail

As businesses move further into their digital transformation journey, the complexities of cloud security will continue to evolve.

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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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BuyBuy Baby gets a bid from one of its vendors

Retail Dive

Dream on Me, which runs a direct-to-consumer business and sells baby gear through the Bed Bath & Beyond-owned retailer, is a stalking horse bidder, according to bankruptcy court documents.

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2023 Grocery Tech Trends Study

RIS News

RIS and PG’s annual Grocery Tech Trends Study benchmarks grocers’ up-and-coming tech investment plans, while a first-of-its-kind companion consumer study highlights shoppers’ preferences in-store and online.

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QVC, HSN launch on Amazon Freevee

Retail Dive

The expansion of parent company Qurate’s video commerce channels comes after a round of layoffs and the sale of e-retailer Zulily.

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Aldi drops the price of milk

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Aldi has announced a major multi-million pound price investment in milk. From today, Britain’s fourth-largest supermarket will lower a four-pint bottle of milk by 10p, from £1.55 to £1.45. Its two-pint bottles will also reduce from £1.25 to £1.20 and it’s six-pint bottles will reduce from £2.30 to £2.15.

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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