Fri.Apr 23, 2021

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Retail TouchPoints and design:retail Reveal the 40 Under 40 Class of 2021

Retail TouchPoints

Retail TouchPoints and design:retail have selected the next class of the 40 Under 40 — the top 40 professionals in the retail industry under the age of 40 who are paving the way for the next era of retail. This year, the publications expanded nominations to include all roles and job functions in the retail ecosystem — from ecommerce and marketing to innovation and store design.

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Olympian Simone Biles launching performance clothing line for Athleta

Retail Wire

Simone Biles, winner of the most World Championship gold medals ever by a female gymnast, is launching her own line of performance clothing at Gap Inc.’s Athleta chain. Ms. Biles is moving to the retailer after serving as a Nike brand ambassador since 2015.

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Why Now is the Time to Invest in Retail Automation for the Future

Retail TouchPoints

The retail business is dwindling world over. Even before the pandemic, retailers were dealing with strong competition and declining profit margins. Now over a year into lockdown, retailers are striving to learn from past mistakes in a rapidly changing market. Retail is a massive industry. In the United States, there are approximately 3.8 million retail establishments supporting more than a few trillion dollars in GDP.

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Amazon Fresh grocery store to feature automated checkout

Retail Wire

Amazon.com is bringing its Just Walk Out automated checkout technology to an Amazon Fresh store that is under construction in Brookfield, CT. Shoppers entering the store will swipe their smartphones that will allow cameras and shelf-sensors to track the items they add to their carts. The technology, which Amazon uses in its Go convenience stores, creates an online cart that is charged when customers walk out of the store.

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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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Affirm Expands into Post-Purchase with $300M Acquisition of Returnly

Retail TouchPoints

Flexible payment provider Affirm is expanding its range of services to include the post-purchase experience with the acquisition of online returns solution Returnly for approximately $300 million. Retailers such as Walmart , Bonobos and Peloton currently use Affirm to offer customers flexible payment options such as Buy Now, Pay Later. Returnly currently facilitates returns and replacements for online orders for more than 1,800 merchants.

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Retail Focus Magazine #118

Retail Focus

After what seemed like a very long three-and-a-half months, shops across the UK are finally welcoming back customers, as Covid-19 rules were eased to allow non-essential retail to reopen. . Hopefully, this is the last time that retailers will be forced to close their doors, with the vaccine roll-out going well and all of the lines on the government’s charts going in the right direction.

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Mattel raises forecast as prognosis for toy sales improve

Retail Wire

More disposable income in the hands of consumers, in part because of government stimulus checks, helped double Mattel’s first quarter sales over last year. Mattel CEO Ynon Kreiz said the toy maker has gained market share over the past three quarters. “We are strengthening our position as a consistent leader in the toy industry,” he said. “We believe we are very well-positioned to improve profitability and accelerate topline growth in 2021 and beyond.”.

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New Virtual Shopping District Aims to Give Chicago North Shore SMBs a Leg Up

Retail TouchPoints

Chicago-based marketing agency Tacklebox Brand Partners has worked with a collection of small businesses in the city’s North Shore area to launch a “virtual shopping district” that allows consumers to view and buy products from a range of local merchants through one central website. The site, NorthShoreShops.com , features a unified shopping cart and checkout experience, providing consumers with a streamlined shopper journey while giving merchants a new way to generate awareness, capture new cus

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Kroger-owned QFC faces criticism for closing stores over hazard pay

Retail Wire

QFC will close two grocery stores in Seattle after the Kroger-owned supermarket chain decided the locations would no longer be viable if it complied with a city ordinance that requires that frontline associates receive $4 an hour hazard pay. “I don’t understand. They’re a mega corporation — and they can’t support the people once in a while,” said Alice Hall, a customer for 10 years. “The Seattle City Council’s ordinance made it impossible to keep these two underperforming stores open,” sai

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Panasonic Acquires Autonomous Supply Chain Solution Provider to Fuel Digital Transformation

Retail TouchPoints

Panasonic will acquire Blue Yonder for a total of $7.1 billion , including purchasing the remaining 80% of shares it doesn’t yet own for $5.6 billion and handling the repayment of outstanding debt. The deal, which values Blue Yonder at $8.5 billion , will accelerate the companies’ shared autonomous supply chain mission, which aims to help companies utilize predictive business insights to pivot their operations in real time through the combined power of AI/ML and IoT and edge devices.

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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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Neiman Marcus expanding fashion resale concept

Retail Wire

Neiman Marcus is adding Fashionphile resale studios to 10 more stores this year. The luxury goods department store retailer is focusing more on environmental sustainability as consumers, particularly younger ones, make purchases based on their perceptions of a brand’s commitment to the greater good. “Environmental sustainability is top of mind for the fashion and retail industries,” said Neiman Marcus CEO Geoffroy van Raemdonck.

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Nestlé unveils limited edition orange Yorkie

Talking Retail

Nestlé Confectionery is set to add an orange flavour for its Yorkie brand, following a “resurgence in the popularity of orange-flavoured chocolate in recent years”. The limited edition 46g Yorkie Orange bar and 72g Yorkie Orange Duo bar will be available from 10 May. Nestlé says orange-flavoured chocolate saw a 23% sales growth in 2020. This story continues at Nestlé unveils limited edition orange Yorkie.

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Amazon joins international program to protect forests

Retail Wire

Amazon.com, Nestle and other major corporations have joined with the U.S., UK and Norwegian governments as part of the Lowering Emissions by Accelerating Forest finance (LEAF) coalition. The program aims to raise at least $1 billion in initial financing to try and end deforestation in countries that have tropical and subtropical forests. “The LEAF coalition is a groundbreaking example of the scale and type of collaboration that is needed to fight the climate crisis and achieve net-zero emi

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Snarkitecture adds Nike Air Max chandelier to Kith streetwear store in Parisian mansion

Dezeen

A chandelier of Nike sneakers now hangs inside 19th-century mansion Pershing Hall, where design studio Snarkitecture has created a new flagship for American streetwear brand Kith. New York-based Snarkitecture has designed more than 10 different stores for Kith , but this is the largest so far, and the brand's first standalone store in Europe. Kith has taken three floors of Pershing Hall, a Paris mansion built in the 19th century.

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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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Big Y launches new e-commerce platform

Retail Wire

Big Y Foods has launched myPicks to provide customers with a contactless means to place online orders for curbside pickup at its the chain’s supermarkets. “We are constantly searching for ways to improve the shopping experience for our customers. They’ve taught us the importance of having our own e-commerce option this past year, as demand soared due to the coronavirus pandemic,” said Big Y COO Michael D’Amour.

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Nike loses Simone Biles to Athleta

Retail Dive

A Nike athlete since 2015, Biles will now work with Athleta on her own product line. She joins Allyson Felix, another former Nike athlete, on Athleta's roster.

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Lowe’s adds Stainmaster carpet brand to its private labels

Retail Wire

Lowe’s is adding Stainmaster carpets to its line of private labels. The retailer acquired the brand as part of its “Total Home Strategy” to grow its business in core home improvement and complementary product categories. “Today’s announcement adds the most trusted and recognized brand in carpet to our lineup of private brands,” Lowe’s CEO Marvin Ellison said in a statement.

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Bed Bath & Beyond revamps supply chain with a tech stack and 4 warehouses

Retail Dive

Regional distribution centers are the first step in cutting down store replenishment time from a "noncompetitive" 35 days to under 10 days, the COO said.

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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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Piper-Heidsieck announces return as the Champagne partner of the 93rd Oscars

Retail Times

Piper-Heidsieck, the revered Champagne House known worldwide for its red label is excited to announce its return as the Champagne partner of the 93rd Oscars® taking place on Sunday, April 25. This marks the seventh year of a long-term partnership between Piper-Heidsieck and the Academy of Motion Picture Arts and Sciences.

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How to Use Social Media as a Customer Service Channel (+ Examples from Brands)

Hyken

This week we feature an article by Devin Pickell, a Growth Marketer at Nextiva. He shares customer service best practices that successful brands use to help their customers on social media. Businesses have been using social media for years now to publish content, engage with their audiences, advertise their products, and stand up for social causes. .

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L Brands Reportedly Seeking Buyer for Victoria’s Secret

VMS

L Brands (Columbus, Ohio) is reportedly looking for a buyer for its Victoria’s Secret business, according to Bloomberg. The company is said to be seeking a valuation of $2 billion to $3 billion in a sale. “As a result of the substantial improvement in performance at Victoria’s Secret, various sell-side analysts have valued the business at as much as $5 billion,” Chief Financial Officer Stuart Burgdoerfer said in a statement.

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Love Beauty and Planet launches first refillable hair care at Target

Retail Dive

The brand debuted reusable shampoo and conditioner bottles in mass retail as part of its commitment to tackling sustainability.

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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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Co-op customers help create over 218,000 meals for people at risk of going hungry

Retail Times

Central England Co-op shoppers enjoying a treat over Easter by enjoying the retailer’s Irresistible product range have helped raise almost £55,000 to feed people at risk of going hungry.

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Want to make your buildings smart? Test drive free IoT starter kits from Cisco DNA Spaces

Cisco Retail

Have you ever bought a car without taking it out for a test drive? Subscribed into a streaming service without the free trial? Or bought a pair of glasses online before using the home try-on offer? I’m going to assume that 9 out of 10 times, the answer is a resounding No! Testing a product before committing to purchase is a key part of modern human behavior.

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Retail sales volume recover in March but figures for the first quarter remain subdued overall, ONS reports

Retail Times

Retail sales volumes continued to recover in March 2021, with an increase of 5.4% when compared with the previous month reflecting the effect of the easing of coronavirus (COVID-19) restrictions on consumer spending; sales were 1.6% higher than February 2020 before the impact of the coronavirus pandemic, according to the latest figures from the Office for National Statistics (ONS).

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Retail Therapy: JanSport teams up with Nicole McLaughlin to reimagine its products

Retail Dive

From bras to slippers, the upcycle artist turned the brand's popular backpacks into completely new items.

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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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AB InBev 100+ Accelerator partners with The Coca-Cola Company, Colgate-Palmolive and Unilever for sustainable startup innovation

Retail Times

The Coca-Cola Company, Colgate-Palmolive Company and Unilever have joined the Anheuser-Busch InBev (AB InBev) 100+ Accelerator to fund and pilot sustainable innovation in supply chains.

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Nisa records strong sign ups to new rebate model

Talking Retail

Nisa has today (23 April) signed up its 100th partner into its new rebate terms, Fresh Rewards, in the first week since launch. Fresh Rewards, which launched last week, provides the opportunity for partners to unlock up to 5.5% rebate and can earn more based on their weekly spend, by stocking and selling Co-op own-brand. This story continues at Nisa records strong sign ups to new rebate model.

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How Could An Accountant Help Your Small Business Grow? 3 Key Benefits

365 Retail

If you’re looking for ways to grow your business this year, then an accountant can be a great help. Managing all your finances yourself is not only incredibly stressful, but it also takes time away from moments where you could be focusing on other areas of the business. Running a small business often involves a lot of multitasking. You might have many members of staff taking on a whole range of different roles- and while this is a great way to keep costs down, when it comes to managing your fina

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With Victoria's Secret sale talks on, L Brands aims for higher price: Bloomberg

Retail Dive

After strong recent sales, the company could now target a valuation of at least $2 billion to $3 billion in a potential sale, sources told the publication.

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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.