Sat.Oct 29, 2022 - Fri.Nov 04, 2022

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How feasible are drone deliveries – and do we even want them?

Inside Retail

In recent years, cafes, supermarkets and online shops have started to trial drone delivery in a handful of locations around the world. More than a dozen drone delivery companies are now running such trials. Just this week, Wing (owned by Google’s parent company Alphabet) announced a partnership with Australian supermarket giant Coles to deliver small items via drone to customers close to a Gold Coast supermarket.

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Victoria’s Secret will acquire DTC lingerie company Adore Me for $400M

Retail Dive

The direct-to-consumer brand is one of many in the space that have challenged the intimates giant thanks to its inclusive sizing and fit technology.

Consumer 141
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14 Ways to Build Business Credit

Small Biz Trends

In order to build a successful business, you need more than just a great idea. You also need good credit. Business credit can be used to get loans, lines of credit, and other financial assistance that can help your business grow. In this article, we’ll discuss 14 ways how to build business credit with business credit bureaus. Let’s dive in!

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What the metaverse means for retail and consumer goods

Inside Retail

It seems like every day a new piece of content is published about the metaverse that defines the metaverse, projects its market size, and offers frameworks for conceptual understanding. But the big question is, What does the metaverse mean to my customers and my business? Identifying opportunities for retailers . At Microsoft, we break down the metaverse i nto three strategies: consumer, enterprise, and industrial.

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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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Lowe’s Sells Canadian Business to Sycamore Partners for $400 Million

Retail TouchPoints

Lowe’s has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners for $400 million in cash plus a performance-based deferred consideration. The business, which is based in Boucherville, Quebec, operates approximately 450 corporate and independent affiliate dealer stores under several different formats and banners, including RONA , Lowe’s Canada , Réno-Dépôt and Dick’s Lumber.

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MUJI brings its sustainability focus to the forefront of its Angel Central store

Retail Focus

MUJI, the Japanese retail company specialising in household and consumer goods, has refurbished its Angel Central store. The improved 2,624sq ft space allows MUJI to bring its sustainability focus to the forefront of its Angel Central offer by championing ‘recycle and repurpose’ initiatives. The revamped store is the first of its kind for the brand in the UK.

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Dell sued over misleading consumers about the cost of add-on monitors

Inside Retail

Federal Court proceedings have been initiated against Dell Australia by The Australian Competition and Consumer Commission (ACCC) for allegedly making false or misleading representations about the cost of add-on monitors at checkout. The regulator has alleged that the US technology company made fraudulent representations about the prices of monitors on its website and the “potential savings” involved.

Consumer 246
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GameStop Accelerates Transformation into Tech Business with NFT Marketplace Launch

Retail TouchPoints

GameStop ’s highly anticipated NFT marketplace is now live, offering GameStop players and Powerup Pro loyalty customers in the U.S. access to Web3 games and millions of NFT gaming assets. After rocketing to meme stock status during the pandemic, GameStop’s wild ride has continued in 2022 as the company’s new leadership team sets out to transform the video game retailer into a “technology business and help create enduring value for stockholders.

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Blanchardstown Centre welcomes Ireland’s first ‘Nike Unite’ concept store

Retail Focus

Nike is to open its latest retail concept, Nike Unite, at Blanchardstown Centre, Ireland’s largest retail and leisure destination. It will be Ireland’s first Nike Unite store, growing the brand’s presence from its two existing Nike Factory Stores in Dublin and Kildare. Nike Unite will open in Spring 2023. The Nike Unite community-centred concept is focused on helping local people connect with sport and will feature an in-store community wall highlighting local partnerships, landmarks and Dublin

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Brand recognition: Is your brand easy to spot?

Tokinomo

When shoppers step foot inside a store thinking about buying a certain product is your brand top of mind? Can people spot your brand in supermarkets? Does your brand stand out from the crowd? In this article, we are going to focus on brand recognition. We’ll talk about what brand recognition is and how it impacts your business. Also, we will give you some of the best strategies to try out to increase brand recognition and awareness.

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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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“Make the change”: Ikea Australia CEO talks tuk tuks and electric vehicles

Inside Retail

Furniture company Ikea Australia is building on its commitment to be a carbon-positive retailer by the end of 2030 by investing in a number of new electric vehicles (EVs) to reduce the carbon footprint of its delivery offering. Through its partnership with last-mile delivery firm ANC, Ikea is using electric trucks, vans, and tuk tuks to help cut down its carbon emissions, and deliver a more sustainable shopping experience for customers.

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3 Ways Fashion Brands can be More Sustainable Today

Retail TouchPoints

The fashion industry has been questioned a lot about its environmental impact. It’s no secret that the production steps include high usage of scarce resources such as water. Now, the pressure is on companies to provide true transparency into the extended supply chain — commonly referred to as Tier 1-4 level of reporting, Scope 3, or Cradle-to-Gate. Many companies claim to be sustainable and ethical, but can they prove it?

Fashion 292
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Sleep.8 Brings its relaxing retail experience to new Westfield Stratford store

Retail Focus

Following the success of its recently opened stores, in the prime retail locations of Bluewater, Lakeside, King’s Road, High Wycombe and Guildford, smart sleep and home brand Sleep.8 continues its mission to bring consumers face-to-face with sleep solutions. The 2.5 design-led store in Westfield Stratford builds upon the momentum as their most technologically advanced store yet, and precedes the grand reopening of their newly renovated boutique King’s Road store. .

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Consumer brands hit pause on Twitter ads

Retail Wire

General Mills and Mondolez International are two of a growing list of companies that have hit pause on Twitter advertising as they wait to see what Elon Musk’s ownership will mean for the operation of the social media site.

Consumer 130
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Brick & Mortar Retail Relevance: How to Stay Ahead of the Curve

Speaker: Jay Black, Senior Account Executive

Let's set the record straight: in-store retail isn't dead - it's evolving! Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Join Jay Black in this exclusive session as he explores the strategies that set successful stores apart, including: Crafting unique and unforgettable in-store experiences 🛍️ Mastering the art of retail demands 🛒 Navigating inventory challenges in today's climate 📦 an

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McDonald’s to invest $130m in new restaurants and renovations

Inside Retail

McDonald’s Australia is to inject more than $130 million into opening 19 new restaurants and renovating existing stores. The fast food giant has already opened eight new stores in NSW, Queensland, and Tasmania this year and will open 11 additional stores across the country before the end of this year. Aside from opening new outlets, the company said it would also renovate over 80 of its existing stores, including improvements in the design, efficiency and functionality of the drive-thru, deliver

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Nordstrom Partners with Burberry for Latest New Concepts Installation

Retail TouchPoints

Photo by Luis Guillén Burberry and New Concepts@Nordstrom. Photo by Luis Guillén Burberry and New Concepts@Nordstrom. Photo courtesy of Nordstrom. Nordstrom has partnered with Burberry to produce the latest edition of its New Concepts@Nordstrom store-in-store offering with Concept 019: Burberry, which features an exclusive capsule collection. Concept 019: Burberry launched online on Nov. 3, 2022 and will be introduced in stores in December.

Jewelry 291
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Poundland steps up drive to revamp stores and widen ranges

Retail Focus

Poundland has set out plans to offer an alternative to the big grocers by accelerating ‘Project Diamond’ which will bring new ranges to between 275 and 300 more stores between now and Autumn 2023. Over 350 stores have already had Project Diamond makeovers in the last three years, bringing chilled and frozen food and more PEP&CO clothing and home departments to those locations.

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Wayfair loses more than a million customers

Retail Wire

More than a million fewer customers purchased products from Wayfair last quarter, a decrease of 22.6 percent year-over-year. The online furniture retailer’s sales fell nine percent during the quarter, which led to a loss of $283 million. “Wayfair’s business isn’t working and it is losing an extensive amount of market share,” said Neil Saunders, an analyst at GlobalData Retail.

Marketing 130
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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Introducing the 20 Coolest Retailers in Australia in 2022

Inside Retail

It’s that time of year again when Inside Retail releases its annual list of the 20 Coolest Retailers in Australia, and this year’s list certainly doesn’t disappoint. . Sponsored by Shopify, the lineup is once again packed with impressive and inspiring brands and businesses that are at the forefront of industry trends, from sneakers and sustainability, to digital fashion and medicinal cannabis.

Fashion 246
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Amazon Offers Sellers Cash Advance on Marketplace Sales

Retail TouchPoints

Amazon is offering its merchants a new financing option that gives marketplace sellers access to funds in the form of a cash advance on future sales. The new solution gives eligible Amazon sellers — the majority of which are small- and medium-sized businesses — access to capital, from $500 up to $10 million , to expand their businesses, protect margins, develop new products, grow inventory or manage cash flow.

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Sign and Digital UK announces registration open for the 2023 show

Retail Focus

Sign & Digital UK (SDUK) today announces registration is open for its annual return to the NEC, Birmingham, with Roland DG, Epson UK, Premier, Hexis UK, The Magic Touch, Tecna UK, Vivid Laminating Technologies and swissQprint, amongst the brands confirmed for the show. The exhibition, taking place 21-23 March 2023, sees many returning exhibitors upgrading their stands.

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Inflation will account for holiday dollar sales increases

Retail Wire

The National Retail Federation expects sales during November and December to increase between six and eight percent year-over-year. The forecast, which does not include auto dealers, gas stations or restaurants, is an indication that unit volume will be seen to have decreased once inflation is factored in. NRF CEO Matthew Shay said that consumers are likely to concentrate their spending on necessities.

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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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What we learned from the 20 Coolest Retailers this year

Inside Retail

In case you missed it, Inside Retail this week revealed the latest iteration of our 20 Coolest Retailers in Australia report. It’s an inspiring list of businesses big and small that, over the last year, have stood out to us as doing things differently. While they come from different industries, from food and fashion to beauty and sports, the brands we’ve highlighted in the report share a few things in common, such as out-of-the-box thinking and environmentally-friendly business practices.

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Saks Gives Beauty Product Containers a Second Life with Recycling Program

Retail TouchPoints

Saks has partnered with TerraCycle to launch the Saks Beauty Recycling program, which will let shoppers send in empty beauty containers through Saks.com or drop them at select Saks Fifth Avenue stores across the U.S. to give them a second life. The waste will be sorted by composition, (e.g. plastics and metals), then consolidated and sent for processing to be used as raw material for products such as furniture or gardening equipment.

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Goldsmiths unveils its new luxury showroom in Meadowhall featuring their first Gucci shop-in-shop boutique

Retail Focus

Goldsmiths, part of the Watches of Switzerland Group – the UK’s leading luxury retailer, has opened its latest new luxury concept showroom at Meadowhall Shopping Centre in Sheffield, featuring their first Gucci shop-in-shop boutique. Ever since it opened in 1990 on the site of a former steelworks, Meadowhall is the region’s favourite shopping destination, of which the Watches of Switzerland Group is delighted to have such a strong presence with two Goldsmiths showrooms, a TAG Heuer mono-brand bo

Boutique 130
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Female consumers take the biggest hits from trade tariffs

Retail Wire

A report in the BYU Law Review claims tariffs placed on imports disproportionately affect female consumers. “Some of these gender differential tariffs are set at the same rate, but many are very different for men and women, with the majority hurting women. Right now, there are currently 78 tariff provisions that have different rates attached to them solely on the basis of gender.”.

Consumer 130
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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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Online fashion label ORTC Clothing Co opens first physical store

Inside Retail

Online South Australian apparel brand ORTC Clothing Co has opened its first physical location in Norwood, Adelaide. . Under the partnership with Adelaide-based interior designer, Georgie Fried of Alchemists ID, the store is located on The Parade and boasts three open-plan spaces. It is designed with warm colour tones such as wood and white and features locally made art and furniture items.

Fashion 246
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Retail Store Tours Expands into 25 New Markets

Retail TouchPoints

Retail Store Tours will launch an updated platform on Nov. 3, 2022 that will feature 25 new markets. The platform will support both RST’s in-person and virtual experiences to help uncover opportunities for innovation, performance improvement and revenue, building on the company’s virtual offering that launched in May 2020. Visitors to the new platform will find featured retail locations in U.S. cities including New York, Los Angeles, Las Vegas, Miami, Chicago, Orlando, Fla. and San Francisco.

Marketing 272
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7 Tips to Aid Your Business Growth & Increase Revenue

Wiser

Most companies prioritize increasing sales and revenue wherever they can. It only makes sense, as revenue is a key factor in the success and growth of your business. But this is easier said than done. If it was simple, then every company’s profits would be through the roof. One of the best ways to ensure a revenue boost is to focus on your customers.

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Instacart handing out company-wide bonuses after pushing back IPO

Retail Wire

Instacart in December will hand out cash bonuses companywide. The delivery service chose to distribute the bonuses in an attempt to retain staff following its decision to delay pursuing an initial public offering of the company’s stock.

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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.