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A majority of transactions in convenience stores are still made in cash despite the increase in card payments during the pandemic, says new research. But there is a geographical divide in the UK, with southern counties less reliant on cash than those further north, adds the PayPoint data. County Down in Northern Ireland is the. This story continues at Cash still king, says new research.
PURCHASE, N.Y. — Retail sales in the U.S. grew for the 11th consecutive month in July, according to Mastercard SpendingPulse, a survey that measures in-store and online retail sales across all forms of payment. Sales for the month increased 10.9% compared to July 2020. That figure, which excludes automotive sales and gasoline, is nearly quadruple the average year-over-year growth in the month of July over the last four years, which was 2.9%.
Jurrien Swarts, CEO, Stojo. If you want a tutorial in how to be an environmentally responsible company, not just in one or two areas but end to end, take a look at collapsible cup and container manufacturer/retailer Stojo. The fast-growing company applies circular principles not just to its products but to their component parts, extending even to how those parts are fitted together — because no glue is used, the individual elements can be separated and placed in their own recycling streams.
Australia’s battle with the Delta variant of Covid-19 is continuing to shut businesses down, with the state of Victoria re-entering lockdown, rejoining New South Wales and Queensland in shutting non-essential retail and restricting citizens movements in light of surging cases. Victoria’s state premier Dan Andrews said he would have preferred to wait to reintroduce restrictions, but that, as seen in Sydney’s case, they only get one chance to act before the more infectious strain gets away from he
Speaker: Matt Sunshine, CEO at The Center for Sales Strategy
AI isn’t replacing salespeople—it’s empowering them. The most forward-thinking sales organizations are using AI to enhance human performance rather than eliminate it. From coaching and messaging to prospecting and pipeline accountability, artificial intelligence is giving managers and SDRs the new tools they need to work smarter, sell better, and close more.
Retailers and brands are constantly adapting to new trends. When the pandemic started to affect the way we live and shop, retailers knew that things would look different after restrictions were lifted. However, nobody expected this massive digitalization in all industries.
For those retailers creaking back to healthy business levels after the seesaw demand cycles, supply chain upheaval, Brexit trade disruption and forced store closures, an unwelcome new specter is rearing its head: inflation. According to the United Nations’ Food and Agriculture Organization (FAO) food price index, global food prices rose consecutively for the 12th month in May 2021, reaching its highest level since May 2014.
Square plans to purchase buy now, pay later (BNPL) provider Afterpay in an all-stock deal valued at approximately $29 billion. The Melbourne, Australia-based company currently serves more than 16 million consumers and nearly 100,000 merchants worldwide. The transaction is expected to close in Q1 2022, subject to customary closing conditions. The deal strengthens Square’s offerings to small businesses and could make them more attractive to larger enterprises via its Seller and Cash App ecosystems
Square plans to purchase buy now, pay later (BNPL) provider Afterpay in an all-stock deal valued at approximately $29 billion. The Melbourne, Australia-based company currently serves more than 16 million consumers and nearly 100,000 merchants worldwide. The transaction is expected to close in Q1 2022, subject to customary closing conditions. The deal strengthens Square’s offerings to small businesses and could make them more attractive to larger enterprises via its Seller and Cash App ecosystems
Last week, Bunnings managing director Mike Schneider joined Australian Retailers Association CEO Paul Zahra on the ARA podcast about how he began his career in retail, what a typical day looks like for him – and why he reckons he has the best retail job in the country. Here is an edited excerpt from their conversation. Paul Zahra: You’ve been at Bunnings for 16 years and held various roles since becoming managing director in 2016.
Walmart has decided that its corporate staff and management-level employees must get vaccinated against COVID-19 by Oct. 4. The company has also begun a phased-in approach to bringing employees back to the office who have been working remotely during the pandemic.
eCommerce has grown tremendously in the last year and a half. While it was already on its way to mass adoption, the pandemic further accelerated the shift to digital and birthed many first-time online shoppers. The growth in eCommerce has opened many new avenues for brands and is a window into the future of retail. […]. The post MAP Violations: How, When, & Why You Need to Monitor & Eliminate Them appeared first on Blog.
Throughout the past year, the retail industry has been hit hard by the pandemic. Although shoppers are currently flocking back to brick-and-mortar stores, research shows that 43% of U.S. consumers plan to regularly shop online for products they used to buy in stores — something that’s likely to become the norm for many Americans. With the 2021 holiday shopping season a few months away, it’s clear retailers need to find new and exciting ways to attract shoppers and create an impactful exper
The rapid rise of AI-powered displays, touchless technology, and sensory marketing is reshaping the future of in-store engagement. Yet for many retail executives, the real challenge is not identifying new tools - it is knowing which signals to trust, which inputs to prioritize, and how to architect decisions that elevate in-store leadership rather than dilute it.
An untold number of coffee shops across the globe have temporarily or permanently closed at the height of the pandemic but Vietnam’s TNI King Coffee has bucked the trend, opening its first store in the US early this year and pushing forward with expansion plans. “Many businesses were affected during the pandemic, but we saw that there was still a huge opportunity for expansion,” TNI King Coffee founder and CEO Le Hoang Diep Thao told Inside Retail.
Cadogan today announces the signing of Soho Home Studio to the King’s Road, Chelsea – set to open in September 2021. This will be Soho Home’s first flagship for the homeware brand from Soho House. In addition to showcasing Soho Home’s collections, the interiors destination will offer a new retail concept, providing access to interior design services, a programme of workshops and events, and a rotating gallery of member collaborations for customers to discover and enjoy.
The worst frost in years has damaged the Brazilian coffee crop and that, along with rising freight costs, means companies and consumers will soon be paying more to get their morning cup of Joe. The price fo Arabica beans had already doubled over the past year due to drought conditions in coffee growing regions and the latest news will only send those prices higher.
Brown Venture Group , a venture capital firm focused exclusively on Black, Latinx and Indigenous emerging tech startups, will receive an investment of up to $10 million from Best Buy. The fund’s goal is to help break down systemic barriers for BIPOC entrepreneurs, including lack of access to capital. Black and Latinx founders represented only 2.6% of funding in 2020.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
The Australian arm of fast-fashion brand H&M is launching an initiative today to help vaccinate children against preventable diseases by partnering with UNICEF. Since the beginning of the Covid-19 pandemic, 60 life-saving vaccination programs have been disrupted, putting children worldwide at risk of contracting preventable diseases such as diphtheria, measles and polio.
Landsec has announced the opening of the UK’s leading kitchenware brand, ProCook, at White Rose Shopping Centre in Leeds. The new store is the second for ProCook following the recent launch at Bluewater. ProCook is also the ninth brand to have joined White Rose or upsized at the centre in the last 12 months. The 2,786 sq ft White Rose ProCook store stocks a wide range of cookware, tableware, and kitchen accessories, covering every kitchen item needed by the home cook.
IKEA is known, among other things, for the Swedish meatballs sold in its stores. Now, the retail furniture giant is looking to build on that appeal by including a new candle, scented to smell like its popular food dish, as part of a sweepstakes that will run from Aug. 6 through Aug. 22.
Digital convenience store Gopuff has raised $1 billion in new funding at a $15 billion valuation as the retailer sets the pace for the c-store last mile. The funding will build upon the $1.15 billion Gopuff raised in March as the company expands across North America, deepens its presence in the UK and Europe and makes new hires to build its technology base.
AI agents already analyze trends, draft content, and trigger actions across leading commerce platforms. Yet most organizations still rely on workflows built for human‑only teams, losing speed, margin, and customer loyalty. Humans + Agents: Rethinking Enterprise Commerce in the Age of AI Collaboration shows how to close that gap. In one concise read you’ll see where agent gains surface first, how early adopters prove ROI, and which lean controls keep innovation moving without risking data or bran
While the subject of cannabis legalisation still divides countries around the world, there is no denying the influence that legal cannabis products are having on retail and consumer goods. According to Grand View Research, the global cannabidiol (CBD) market size was valued at US$2.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.2 per cent from 2021 to 2028.
Landsec has announced that M&S has signed to relocate into a new anchor store within White Rose Leeds, the out of town retail & leisure destination in Yorkshire. The bespoke unit includes nearly 80,000 sq ft of dedicated trading space. The new M&S store, formerly occupied by Debenhams which closed permanently in May this year, represents a significant upsize for the brand at the destination.
Our customers are looking for ways to simplify management of their Cisco devices and adopt new technologies faster while maintaining strong security across their environment. They are facing challenges in locating the right information necessary for deployment, obtaining access to the right resources, gaining visibility into their assets as well as more automated capabilities to reduce risks, increase uptime, and optimize overall performance.
Wolverine Worldwide has acquired Sweaty Betty in an all-cash transaction valued at approximately $410 million. The deal will help Wolverine shift to a more digitally-focused business model and position the company as a leader in the women’s activewear category. Sweaty Betty CEO Julia Straus will continue to lead the brand, reporting directly to Brendan Hoffman, President of Wolverine Worldwide.
When culture isn’t consistently lived out across the organization, engagement suffers—and it often starts with a disconnect at the top. In this session, Beth Sunshine, SVP of Up Your Culture at The Center for Sales Strategy, will reveal how HR and executive leaders can close the gap between vision and execution by equipping frontline and mid-level managers to become culture carriers.
As Australia gears up to chase a country-wide vaccination target of 70 per cent of the population, with Prime Minister Scott Morrison stating that lockdowns could be a “thing of the past” as soon as next year, business leaders around the country are finding ways to incentivise their workers to get onboard. Amazon Australia, for example, is offering a special ‘vaccination benefit’ payment of $140 for eligible fulfilment and delivery station workers who get fully vaccinated on the advice of a heal
Brand loyalty is the gold standard of marketing. It means having customers who choose you, every time, over any competitor, even at a higher price point. So, how do you foster brand loyalty, and how do your corporate responsibility actions affect this business aspiration? Here we’ll demonstrate some first-class examples that tap into this societal drive for businesses to be better.
Identifying Connectivity Challenges. TIM Brazil had a problem to solve. Their country of more than 200 million people has massive geographical regions lacking reliable internet service, and the company sought a cost-effective way to expand connectivity and offer high-quality streaming content to its growing population. They needed to find the best way to address this challenge without incurring the significant costs typical of such large-scale projects.
Amazon has introduced two new Fulfillment by Amazon (FBA) programs to help merchants selling on Amazon resell customer-returned or overstocked items. Once fully implemented, the programs are expected to save more than 300 million products from the landfill each year by giving them subsequent lives. FBA Liquidations will provider sellers the option to use Amazon’s existing wholesale liquidation partners and technology to recoup potential losses on returned and overstock inventory.
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
Despite pledging to stop handing out plastic toys with purchases of groceries on environmental grounds , supermarket Coles last week announced a new line of plastic picnic goods that can be earned by customers using their Flybuys card at a supermarket or online. The difference to Coles seems to be that these picnic goods are ‘reusable’, and provide a sustainable alternative to single-use tableware that the business recently removed from its shelves.
Creative agency Saint of Athens has used cool blue tiles throughout this jewellery store in Mykonos, Greece , for brand Gavello to make it resemble a "luxury 60s swimming pool ". Saint of Athens worked with Dive Architects to make the jewellery store stand out from the plethora of nearby retail stores. It includes light blue tiles, lockers and a pool ladder.
You may have seen us touting our new generation of 100G SMF pluggable optics , called “ Single-Lambda 100G “ The last product we introduced was the 100G LR , which provides a 10km reach. We’ve now finalized the portfolio with the 100G ER-Lite. The reach of ER-Lite is 25km. So it can support links between a company’s campuses, between campuses of a data center cluster, and fronthaul or backhaul links in a wireless network.
New data from Amazon portrays recent shifts in consumer behavior through the lens of the top-selling products on the platform. Compared to this same time last year, consumers are entertaining more, traveling more and dressing up — although they are not forgoing the sweatpants altogether. It’s a stark shift from 2020, when puzzles, gardening tools, cookware, headphones and exercise bikes topped shoppers’ lists.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
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