Sat.Apr 08, 2023 - Fri.Apr 14, 2023

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Ulta Beauty’s Strategy: 8 Reasons for its Outsized Growth

Indigo 9 Digital

Photo of Makeup Palette By Tricia McKinnon UBS once commented that Ulta Beauty is one of the “best growth stories in retail” and it was right. Last year Ulta Beauty’s sales were up 18.3% to reach $10.2 billion. No one is successful without hard work and clearly Ulta Beauty has made a number of strategic choices that have enabled it to succeed in a constantly evolving retail environment.

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Retail Assortment Strategies: What Are They & How Do They Work?

Wiser

As a retailer, getting shoppers into your store is the first big hurdle, but then comes an even more complex beast— getting them to make a purchase. One essential component of this is using the best retail assortment strategy for your store. For some retailers, simply offering a wide variety of items is the key, even if they’re somewhat unrelated.

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“Reignited appetite”: Why retailers are seeking greener pastures overseas

Inside Retail

During the years affected by Covid-19 pandemic restrictions, when freedom of movement was restricted, Australian retailers redoubled their efforts to consolidate their position in the local market. But, following the opening of international borders, it appears that more businesses are expanding their horizons, and are looking for ways to reach new markets and audiences.

Wholesale 246
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Small Business Optimism Experiences Slight Decline in March Amid Inflation and Labor Quality Concerns

Small Biz Trends

NFIB’s Small Business Optimism Index witnessed a decline of 0.8 points in March, resulting in a 90.1 score, remaining below the 49-year average of 98 for the 15th consecutive month. Inflation emerged as the primary concern for 24% of small business owners, marking a four-point drop from the previous month. The outlook for improved business conditions in the next six months stayed at a net negative of 47%.

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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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Leveraging business opportunities in an opportunistic way. The impact of “Fashion Week” on retail and retail business opportunities.

Retail Focus

Fashion Week… to what extent a national event can have an impact on retail and retail businesses? National events, such as Fashion Week, provide a platform for designers to present their latest collections to a large audience of buyers, media, and industry professionals. This can increase brand awareness and exposure, which can translate into more sales and collaborations.

Fashion 130
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Home Depot Promotes Insider to New Retail Media and Monetization Post

Retail TouchPoints

The Home Depot has named Melanie Babcock to the new position of VP, Retail Media+ and Monetization, responsible for providing improved supplier experiences while driving new sources of ad revenue, profitability and sales. Launched in 2019, the Retail Media+ organization offers suppliers managed service and self-service media buying opportunities on both physical and digital retailer-owned properties as well as offsite media channels including social, display and video.

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Legal weed sales will top chocolate, craft beer and eggs this year

Retail Wire

Legal marijuana sales are expected to surpass $33.5 billion this year, up $4 billion from 2022, according to a new report from MJBiz. Sales are expected to climb to $57 billion by 2028.

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Lack of innovation, purpose marketing, and eCommerce sales - Weekly Snacks #50

Tokinomo

Campaign corner Fill it up. Pot Noodle's latest campaign , "Nothing Fills a Hole Like Pot Noodle," presents Pot Noodle as the perfect solution for satisfying one's appetite. The campaign features various images of holes, such as a pocket on a pool table, a birdhouse, and a washing machine drum, that have been filled with Pot Noodle to highlight its ability to satisfy hunger.

Marketing 223
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Shoppers and Operators want Malls to Change, Creating Opportunities for Emerging Brands

Retail TouchPoints

As a result of changing consumer behaviors and spending patterns, many retailers are focused on right-sizing their store footprints, especially in shopping malls. In fact, results from Retail TouchPoints’ latest Store Design & Experience Survey revealed that 58% of respondents plan to remodel and/or renovate a minimum of 11% of their store footprint through 2024.

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Apple is just the beginning: Why global brands are flocking to India

Inside Retail

In recent years, India has emerged as a major market for luxury brands. The country’s growing economy and expanding middle class have created a favourable environment for global brands to set up shop and tap into a new consumer base. According to statistics from the India Brand Equity Foundation, the retail sector in the country is expected to be worth US$2 trillion by 2032.

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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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Amazon begins charging for some returns made to the UPS Store

Retail Wire

Amazon.com is charging $1.50 per return to the UPS Store when a Whole Foods, Kohl’s or Amazon Fresh location is closer, according to The Information. The charges are being applied to returns made for reasons including a “change of mind” and an “accidental order.

Returns 246
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Lone Design Club Launches First Pop-Up Store in Wembley Park

Retail Focus

Wembley Park is set to welcome an exciting new addition to its vibrant community with the launch of Lone Design Club’s first pop-up store, The Club Apartment. This move marks a significant expansion for Lone Design Club, bringing a unique shopping experience to the people of Wembley Park. At The Club Apartment, visitors can expect a carefully curated selection of one-of-a-kind products from emerging, mindful brands in Homeware, Lifestyle, Beauty, and Fashion.

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How to Drive Wine Sales in 2023 with Digital Marketing

Retail TouchPoints

How can your wine brand stand out among thousands of competitors? It’s about more than having the most eye-catching packaging or best shelf spot — although these are important factors. To get people to reach for your product repeatedly, learn how to stand out across the customer journey using a digital-first media strategy. To accomplish this effectively, wine brands need a holistic, omnichannel marketing strategy that ladders up to full-funnel goals: Establish emotional connection and awareness

Marketing 308
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Shoe brand Bobux placed in receivership, buyer sought

Inside Retail

New Zealand’s kids’ shoe brand Bobux International has been placed in receivership after Covid-related supply chain issues, overstocking and an IT system revamp pushed the business to collapse. Founded in 1991 by Colleen and Chris Bennett, the brand sells high-quality shoes, boots and sandals for toddlers and kids. The label is sold in 40 countries internationally as well as online.

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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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Wegmans’ customers may have to get their own coffee

Retail Wire

Wegmans may replace its Buzz Coffee Shops with self-service stations in some or all of its stores. The company issued the following statement: “We are in the process of piloting a self-serve coffee model at select stores in Rochester. As part of this pilot, we are introducing self-serve coffee machines that allow customers to choose from a variety of specialty and brewed coffee drinks, made freshly just for them.

Shopping 189
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EL&N Café Set to Make Midlands Debut at Bullring

Retail Focus

Café and lifestyle brand, EL&N Café, is set to open its doors at Bullring, marking its Midlands debut in the UK. The addition of EL&N supports Hammerson’s initiative to revitalize its assets and bring in more dining and restaurant options to Birmingham’s retail and leisure destination. EL&N Café, famously dubbed as “the most instagrammable café in the world”, has secured almost 8,000 sq ft of space on the bustling New Street, adjacent to Zara, and will offer a

ATS 182
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American Eagle Launches Resale Shop Powered by ThredUp

Retail TouchPoints

American Eagle Outfitters and ThredUp have launched RE/AE, a resale shop for secondhand and exclusive vintage American Eagle clothing, located at ae.thredup.com, curated by American Eagle and powered by ThredUp’s Resale-as-a-Service (RaaS). Additionally, American Eagle has partnered with Snapchat for a pop-up shoppable AR Lens showcasing select styles from an inaugural 200 -piece RE/AE collection.

Shopping 299
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Wesfarmers sells the last of its Coles Group stake

Inside Retail

Wesfarmers has sold all of its remaining shares in the supermarket chain, Coles Group, which it spun off in 2018. “Since the demerger of Coles from Wesfarmers in November 2018, Wesfarmers has gradually reduced its shareholding in Coles,” said the company in a statement. According to Reuters, the deal value is estimated at $688 million or $18.50 per share.

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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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Demand for luxury watches remains high as prices moderate

Retail Wire

Demand for luxury watches in the secondary market has remained steady as prices fell eight percent last year. “I don’t see prices going much lower,” said Francois-Henry Bennahmias, CEO of Audemars Piguet. “People still want to reward themselves, and when they want to reward themselves, they will look at the most respected companies, in watches, jewelry, fashion, you name it.

Jewelry 130
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Dubai’s Cara Jewellers Launches First International Boutique in Europe at Burlington Arcade

Retail Focus

Burlington Arcade, a historical luxury shopping destination in central London, has added to its prestigious retail offering with the opening of Cara Jewellers’ first international boutique in Europe. The new boutique, spread across three levels of the iconic shopping arcade, features a VIP area on the second floor and a fully equipped workshop in the basement for customisation and repair of jewellery.

Boutique 182
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SikSilk Nets 25% Increase in Digital Purchases Following Site Search Revamp

Retail TouchPoints

UK-based urban streetwear brand SikSilk saw a 25% increase in ecommerce purchases from on-site search and a 36% drop in site exits from its search pages after implementing AI-powered site search technology. The retailer partnered with solution provider Nosto to help it keep the products that appear in search results in line with inventory levels, while also increasing relevancy and preventing “dead-end” searches for which no products or an incomplete list of products are shown.

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Petbarn parent to acquire Habitat Pet Supplies

Inside Retail

Australian specialty pet care provider Greencross Pet Wellness Company is set to acquire Habitat Pet Supplies. Habitat Pet Supplies is a family-owned business that sells a range of pet products including bowls, toys, collars and treats along with in-store pet grooming services. It has five stores in Melbourne across Altona North, Burwood, Chirnside Park, North Melbourne and Port Melbourne, and sells online.

Consumer 246
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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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Amazon asks Virginia for first HQ2 incentive payment of $152 million+

Retail Wire

Amazon.com has requested more than $152 million in incentives the state of Virginia agreed to pay it for locating its HQ2 operations in the Arlington area. The retail and technology giant submitted the request at a time following massive layoffs and reduced financial results. Virginia agreed to pay Amazon $22,000 for every job created in the state paying $150,000 a year or more.

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Luxury cosmetics retailer Space NK set to debut in Liverpool ONE

Retail Focus

Liverpool is set to welcome Space NK, the global luxury cosmetics retailer, as it prepares to open its first-ever city store in the heart of Liverpool ONE. The new addition will be joining an array of premium lifestyle brands on the prestigious Peter’s Lane. Scheduled to open its doors in June, Space NK Liverpool ONE promises to feature a curated collection of over one hundred of the most sought-after, innovative and cutting-edge beauty brands.

Location 182
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Reports: Alibaba Planning to Launch ChatGPT-Like Chatbot for Business Partners

Retail TouchPoints

Alibaba is reportedly looking for partner companies to test its Tongyi Qianwen AI chatbot, according to Reuters. A formal launch is expected on April 11, when Daniel Zhang, CEO of Alibaba Group, is scheduled to speak at an Alibaba Cloud event. Alibaba has not responded to media requests for comment, though a person familiar with the matter told Reuters the chatbot is a large language model (LLM) targeted at business users.

Planning 259
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Luggage brand July opens new Melbourne flagship

Inside Retail

Australian luggage brand July has opened a flagship store in Melbourne’s QV Centre. Designed by architect Ewert Leaf and builders Trust Projects – who created the famous pastry brand Lune Croissanterie stores – the flagship references “the golden era of travel”. The store stocks the brand’s colourful, functional range of luggage and bags along with travel accessories and offers personalisation design service in-store.

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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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Month-over-month retail sales show consumers cutting back

Retail Wire

Retail sales in March were down one percent from February as consumers spent less on gas (-5.5 percent), building supplies (-2.1 percent), electronics (-2.1 percent) and apparel (-1.7 percent). February’s sales were also down, although not as much as previously reported, at -0.2 percent.

Consumer 130
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TAG Heuer Launches First Independent Boutique in Birmingham’s Bullring

Retail Focus

TAG Heuer has opened its first standalone boutique in Birmingham’s iconic Bullring shopping centre, showcasing a sleek 1,400 sq ft store designed by the brand’s in-house team in Switzerland. The minimalist design combines grey tones with smoked mirrors and hints of blue, reflecting the brand’s Monaco heritage, while sustainably sourced stone and wooden elements pay homage to its Swiss roots of craftsmanship.

Boutique 173
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Gepard Helps Brands and Retailers Ensure Product Information in Up-to-Date

Retail TouchPoints

Product information management platform Gepard has launched a feature called Digital Shelf Analytics. The solution aims to help brands and retailers track content by supervising content providers, monitoring their enriched product listings on retailers’ websites and fully controlling content completeness and accuracy. The software was designed to help manage content across syndication channels and marketplaces, different product data requirements and variations in local markets in order to ensur

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Tupperware on the brink of collapse as it fails to find capital

Inside Retail

Tupperware is seeking potential investors and has engaged with financial experts, facing the risk of collapse if it fails to attract sufficient capital. “There is substantial evidence doubt about the company’s ability to continue as a going concern,” the company said in a stock exchange filing. Tupperware has recently received a delisting warning from the New York Stock Exchange after failing to file its annual reports and its share price plunged 50 per cent in one day earlier this week.

Finance 246
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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.