Tue.Jul 27, 2021

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The 5 Most Common Omnichannel Mistakes – and How to Avoid Them

Retail TouchPoints

The pandemic’s disruption of the retail industry has driven a lot of change over the past 15 months, from an increase in online shopping to the rapid adoption of omnichannel fulfillment options. And despite U.S. consumers’ tremendous enthusiasm to get back to in-person shopping and experiences, notably with a 44% increase in foot traffic to stores, restaurants and entertainment venues since the start of 2021, that doesn’t mean they are going to leave behind all the omni habits they adopted durin

Shipping 312
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How online retailer Style Story is riding the K-beauty wave

Inside Retail

Style Story founder Lauren Lee discovered her love of Korean beauty products as an exchange student in 2011, which inspired her to launch her own e-commerce business back home in Brisbane, Australia. “On my return to Australia, I quickly found myself filling ‘orders’ for friends and family who had fallen in love with the products and wanted more,” she told Inside Retail.

Shipping 246
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Report: Selfridges Seeks $5.5B Sale as UK Department Stores Continue to Struggle

Retail TouchPoints

Selfridges ’ owners have launched a formal auction to sell the department store chain, which has been valued as high as £4 billion ( $5.5 billion U.S. ), according to Yahoo! News. The potential sale emphasizes the difficult position many department stores find themselves in: Selfridges has taken multiple steps to revive its business, but despite some notable successes it is still facing significant headwinds.

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Sweaty palms and bargain bins: Why consumers are flocking to dollar stores

Inside Retail

Discount stores are booming in post-Covid Europe as price-sensitive consumers seek out bargains amid inflation and the devastating impacts of the pandemic. UK-based Pepco Group, the owner of discount chains Poundland and Dealz, is planning a major European expansion which is expected to create about 13,000 new jobs, according to Reuters. In June, Pepco reported first-half underlying earnings of €324 million, up 16.8 per cent, and is targeting more than €1 billion in core earnings within five to

Consumer 246
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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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The Future of the Mall: Why Developers are Rethinking Everything from Tenant Mix to Events and ‘Adjacencies’

Retail TouchPoints

More than 163 million people in the U.S. have been fully vaccinated , and growing concerns around the Delta variant have inspired more people to follow suit. That means more consumers are venturing out into the world — and going back into stores. In fact, analysis of Google mobility data by CoStar Advisory Services revealed that the number of visits to retail and recreation sites has nearly fully recovered to pre-pandemic levels as of early July 2021.

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Harrods’ Hair & Beauty Salon relaunches after a magical makeover

Retail Focus

Harrods is delighted to open the doors to its new Hair and Beauty Salon on the Fifth Floor from the 26 th July 2021. The Knightsbridge store’s new Hair & Beauty Salon offers guests a serene and tranquil beauty space, with unrivalled access to exclusive treatments and ‘must-have’ products from the world’s most innovative beauty brands, all under one roof.

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Make your customers feel represented with inclusive marketing

Tokinomo

Brands all over the world are trying to find better ways to engage with their customers. However, most of them make the same mistake: they market their products to a general audience. There is no such thing as a general audience/general market. Your customers are all unique. Yes, they have things in common, and they can even form “ tribes ” to which you can market.

Marketing 237
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How merging data analytics and retail management can drive business value

Inside Retail

Data science is very powerful – but capturing real value from that capability is challenging, particularly if you’re not the biggest retailer in your market sector. By developing decisions based on sound, sustainable analytics-based information, multinational retail consultancy Scalene Group is positively impacting product ranging, category space allocation, store network development and even promotional pricing for retailers spanning three continents.

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How to Treat Pricing Like a Brand Guardian

Wiser

When you think of a strong brand, what comes to mind? Is it excellent marketing? High-quality products? Pushing the boundaries of what’s feasible within an industry? An innovative pricing strategy ? No matter what you think of first, there are entire teams behind the scenes working to make that brand strong. It’s one of the oldest adages in business: Your brand is your most valuable asset.

Markdowns 158
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City of Sydney to offer $4 million in small business support

Inside Retail

The City of Sydney has unveiled a $5 million COVID-19 lockdown support package, with the majority made up of small business grants, as Lord Mayor Clover Moore lashes out at a federal government she says has let the city down. A total of $4 million will be available to help small businesses collaborate with creatives on initiatives to support the revitalisation of the city, once the worst of the health crisis has passed.

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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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Gym+Coffee continues expansion with new clubhouse in Belfast

Retail Focus

Irish athleisure brand, Gym+Coffee, has announced plans of continued expansion with a new clubhouse location in Belfast at Victoria Square. Opening its doors on August 7 th , the store marks the company’s 10 th clubhouse to date and the first in Northern Ireland as the brand increases its presence with retail spaces in the UK after two openings in London and Manchester in the last year.

Planning 130
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CBD retail vacancies rise nationwide as customers turn to online

Inside Retail

Retail vacancies across Australia’s major CBDs has hit 12.9 per cent due to the fallout of the ongoing pandemic, and a move from consumers toward online shopping, according to CBRE. The property firm’s CBD Retail Vacancy Report found that while each city reacted with differing severity, all were impacted, and that most impacted were fashion retailers.

Fashion 130
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States ending $300 jobless payouts are not seeing hiring spikes as predicted

Retail Wire

Twenty states that opted out of the federal government’s $300-a-week benefit for unemployed workers have not seen a big jump in total workers since doing so. Economists said that there has been some shift in the workforce with more workers over 25 getting jobs and teenager employment rates falling. Missouri Gov. Mike Parson said on June 12 that ending the subsidy would mean that existing jobs in the state would be filled and thousands of new ones would come into the state.

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Reimagined malls, localisation and VR: Here’s the future of retail in India

Inside Retail

They say, the future is already here, it’s just not evenly distributed. While you’re reading this, someone in Japan just bought a cup of steaming hot noodles from a vending machine, someone in Seattle just picked up a few products and walked out of the Amazon store without paying and someone in rural India just received money on Google Pay for a homemade pickle order.

Checkout 130
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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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Amazon says no near-term plans to accept Bitcoin

Retail Wire

Amazon.com has denied reports that it plans to begin accepting Bitcoin payments before the end of the year. A company spokesperson did not rule out Amazon eventually accepting cryptocurrencies as payment going forward. Speculation arose last week after an Amazon job listing for a digital currency and blockchain product lead was discovered.

Planning 130
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France rolls out vaccination requirement. Here’s what it means for you

Inside Retail

The highly contagious Delta strain of Covid-19 has fuelled a wave of new coronavirus cases and a return to lockdowns, mask-wearing and indoor dining bans around the world as the majority of people remain unvaccinated. Over 1 billion people are fully vaccinated and over 2.1 billion have had at least one dose of a vaccine as of July 25, according to Our World in Data.

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Making Infrastructure Ready for the Future of Work

Cisco Retail

CIOs and IT decision makers have been challenged to accelerate their digital transformation, adapt to remote work, and make their organizations more productive. Organizations have been rapidly adopting new digital and cloud capabilities and are now faced with determining what types of technology investments they need as their workforce begins to return to the office.

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JJ Whitley celebrates Russian heritage with £3.5m campaign

Talking Retail

JJ Whitley Vodka has kicked off a media campaign running throughout the rest of the year, focusing on the brand’s Russian heritage. The campaign includes out-of-home, digital and print advertising, as well as sponsorship of Sky One’s Nights In programme throughout August. Simon Jackman, senior global marketing manager for white spirits at brand owner Halewood.

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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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Threat Intelligence in SecureX: Fast, Free, or Easy (pick any three)

Cisco Retail

SecureX is Cisco’s free, acronym-defying security platform. (“Is it XDR? Is it SOAR? Does it solve the same problems as a SIEM? As a TIP?” “Yes.”) From the very beginning, one of the pillars of SecureX was the ability to consume and operationalize your local security context alongside global threat intelligence. And to that end, SecureX includes, by default, a few very respectable threat intelligence providers: The Cisco Secure Endpoint File Reputation database (formerly AMP FileDB) composed of

Consumer 145
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Stores may soon use one-third of their space for e-commerce fulfillment: report

Retail Dive

Online and offline may be blurred, but the importance of physical stores to both is clear, according to research from Edge by Ascential.

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We Test-Drove The #1 Solution You Need To Win Digitally

Cisco Retail

There was a time when your IT team didn’t have to look far beyond your own backyard to solve problems affecting your business. These days, it’s different. The use of cloud-based apps and Software-as-a-Service (SaaS) is prevalent. More people than ever are working from home networks and via public clouds. One survey projects that 80% of customer experience apps will be in the cloud by 2023.

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Big investor wants Grubhub owner to seek out ‘strategic combinations’ with rivals

Retail Wire

Cat Rock Capital, a major shareholder in Grubhub parent Just Eat Takeway.com, wants the company to seek out “strategic combinations” with rival companies to boost the company’s performance and investor returns.

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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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Avoiding the Consequences of Business Disruption

Cisco Retail

If the past 18 months have taught us anything, it’s that the only constant is change and the future is uncertain. According to McKinsey research, companies report that one month or more of disruptions occur every 3.7 years, resulting in losses worth almost 45 percent of one year’s EBITDA over the course of a decade. Organizations need to be adaptive to this change and attain true business resiliency—the ability to withstand, adjust, and thrive in the face of internal or external disruption.

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U.S. grocery delivery market to get more crowded

Retail Wire

Getir, a Turkish company that promises to deliver grocers in 10 minutes, has raised nearly $1 billion in funding and plans to bring its service to at least three cities in the U.S., including New York.

Grocer 100
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How Was NVIDIA’s 2021 GTC Keynote Made? Step Inside Our Kitchen Aug. 11 to Find Out

Nvidia

Ever see a virtual kitchen materialize in real-time? If you caught NVIDIA CEO Jensen Huang’s keynote for our March 2021 GPU Technology Conference you’re no doubt wondering about more than a few of the presentation’s magic tricks. With the premiere of “Connecting in the Metaverse: The Making of the GTC Keynote,” Wednesday, Aug. 11, at 11 a.m. Pacific time, NVIDIA team members will reveal the story behind the story told at GTC.

ATS 117
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Sobeys to source produce from indoor farms

Retail Wire

Sobeys has expanded its partnership with Infarm, a vertical farming company, to build four new facilities to grow produce for more than 1,000 of the Canadian grocer’s stores. Niluka Kottegoda, vice president of customer experience at Sobeys, said the company has received “overwhelmingly positive feedback from our customers and our store teams about the current Infarm product grown in our stores.”.

Grocer 100
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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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Echo Falls unveils new design for Fruit Fusions range

Talking Retail

Wine brand Echo Falls is rolling out a new design for its Fruit Fusions portfolio. The new design will be available from August across the 9.0% (£6) and 5.5% (£4.25) ranges – the lower ABV range will feature a silver colour and the higher ABV range will feature different colours depending on the flavour. Each. This story continues at Echo Falls unveils new design for Fruit Fusions range.

ATS 111
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Hasbro builds inventory as brand expects toy sales to remain strong

Retail Wire

Hasbro has increased production as well as the number of shipping lines and ports it uses in advance of the holiday shopping season as the brand anticipates strong demand for its toys. The company has forecast double-digit dollar sales growth for the year.

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Detour to Inspiration

VMS

As a designer or creator of experiences, be it retail, hospitality, workspace or any other space, finding the spark to inspire the next environment you design might mean taking a detour. I find that traveling to unexpected places usually surprises me with a new way to look at things. Translating those experiences into the next project or design is what the designer needs to do to elevate their work and and keep it fresh.

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Gen X-ers took the biggest economic hit from the pandemic

Retail Wire

People born between 1965 and 1980, AKA Gen X, working in entry and mid-level jobs were more significantly hurt by the economic fallout of the novel coronavirus pandemic than other groups. Seventy-one percent of people from this group said their age was an obstacle to finding work or being promoted.

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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.