Sat.Oct 09, 2021 - Fri.Oct 15, 2021

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Suppliers: How to get your retail business customers to pay you quicker

Inside Retail

Options such as buy now, pay later (BNPL) services were first introduced to business to consumer (B2C) transactions, giving customers the ability to access products and services they need today while paying at a later date or over a series of instalments. . Today, new fintech innovations are making it possible for businesses to provide payment options and flexibility to their business customers as well.

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Tempur-Pedic NYC Flagship Named Retail Design Institute Store of the Year

Retail TouchPoints

The Retail Design Institute has named the Tempur-Pedic New York City flagship as its Store of the Year. The 3,100-square-foot store on Manhattan’s Upper East Side, which opened in Oct. 2020 , was designed by CallisonRTKL to offer a “one-of-a-kind immersive digital experience.”. The flagship focuses on key themes of escapism, sustainability, access to nature, and multi-sensory experiences, according to the design firm.

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Stockouts and Over-Stocking Affecting Your Revenue? Here’s the Solution

Intelligence Node

Inventory Optimization Techniques to Avoid Out-of-Stocks & Excess Inventory Costs Content Summary : What are Stockouts and Overstocking and Why Monitor Them? The True Business Cost of Stockouts & Overstocking Balancing the Trade-Offs between OOS & Excess Inventory 3 Common But Preventable Causes of Stockouts Solve Inventory Problems Before They Become a Problem We don’t […].

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Why is impulse buying so common and why does it matter for Retail

Tokinomo

Shopping is much more than a simple chore nowadays. People love to come to the store for the experience, not just to buy products because products can be found anywhere. Yet, there is a difference between planning to shop for the whole week or going to the store at the spur of the moment.

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From Data to Decisions: Maximizing Retail Potential with 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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Coles’ latest power agreement locks in 2025 renewable energy goal

Inside Retail

Supermarket Coles has finalised its plan to power its sites by 100 per cent renewable energy by the end of FY25, signing the last power purchase agreement needed to meet the target earlier this week. Recent agreements with Origin Energy, ACCIONA Energía, and ENGIE will allow Coles to cover its estimated energy costs from July 2025. Coles’ chief sustainability, property and export officer Thinus Keevé said he was proud that the supermarket has been able to cut a clear pathway to its renewable ene

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As Consumer Demand for Inclusion Rises, Retailers Must Tackle Legacy Issues and Attitudes

Retail TouchPoints

Brands and retailers are feeling mounting pressure — from consumers, shareholders and even their boards — to be more inclusive. More and more, that means rethinking product development and expanding their sizing and assortment planning to represent a wider range of sizes and body shapes. Now, experts believe the call for inclusivity is both getting louder and expanding to include gender identity as well.

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More Trending

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Walmart and Netflix team up for online store

Retail Wire

Walmart announced today that it has launched the Netflix Hub on walmart.com to feature such products as Stranger Things action figures, Squid Game apparel and other merchandise. “We love it when stories transcend screens and become part of people’s lives,” said Josh Simon, vice president, consumer products at Netflix. “Walmart gave us the opportunity to deliver a shopping experience that sets a new level of innovation for the entertainment consumer products space.”.

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Australia’s first Wahlburgers to launch before Christmas

Inside Retail

Hollywood star Mark Wahlberg’s famed burger chain Wahlburgers will open its first Australian store in Circular Quay, Sydney before Christmas 2021. The restaurant will be located at 7 Macquarie Street, Opera Quays, will be able to seat 250 guests, and is expected to employ 65 workers. Wahlberg said the they had “chosen one of the most iconic venues in the world”, and that the restaurant will have views of the Sydney Harbour Bridge.

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Walmart Launches Netflix Retail Hub

Retail TouchPoints

Walmart has launched a new digital storefront that will feature exclusive products and experiences centered on some of Netflix ’s most popular franchises. The Netflix Hub at Walmart launched Oct. 11, and new products and content will continue to be added over the coming months for fan-favorite brands such as Stranger Things , Nailed It! and CoComelon , as well as for new shows like Ada Twist, Scientist.

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How to Get the Most Out of Your Next Temporary Price Reduction

Wiser

Temporary price reductions, or TPRs, are a necessary part of retail. It’s not really a question of if you should use a TPR, but when. Promotions influence shopper behavior , and consumers are conditioned to search for the best deals and prioritize brands and retailers who markdown products more often than the competition. If you want to be competitive, you better have an arsenal of TPRs ready to go depending on the situation.

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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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Jobless claims fall to pandemic era low

Retail Wire

The Labor Department reported that the number of Americans filing unemployment claims last week fell to 293,000, the first time that figure has dropped below 300,000 since the pandemic hit last year. “With wages rising and our unemployment rate back below 5 percent for the first time since the pandemic struck, it is clear that our economy is getting back to normal despite the global challenges posed by the Delta variant,” said President Joseph Biden in a statement.

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Why retail media has become the next big tool in performance marketing

Inside Retail

Retailers are sitting on a golden opportunity to create revenue streams from assets they may not even appreciate they own, let alone recognise their true value. “Right now, we’re seeing a once-in-a-generation shift that is opening the doors to a major new advertising opportunity for retailers and brands,” explains Troy Townsend, co-founder and chief innovation officer at The Pistol , a leader in marketing technologies and services.

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Unclogging Supply Chains: California Ports Move Toward 24/7 Operations as Walmart, Target Add Shifts

Retail TouchPoints

The Biden administration is making efforts to open up ports and unkink the supply chain through a combination of public works and private partnerships. The efforts will center around moving toward 24/7 operations at the Ports of Los Angeles and Long Beach, which together account for 40% of the containers unloaded in the U.S. The additional work hours will include new off-peak nighttime shifts and weekend hours for dock workers, which will nearly double the available hours for moving cargo out of

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Cisco DevNet Expert: Your career-changing certification

Cisco Retail

One thing we have learned over the past 18 months is that change is constant. Business happens at an incredibly fast pace, which means our technology must advance equally as fast. So, what does that mean in the IT industry? We must continually educate ourselves to stay ahead of the curve. Cisco Learning and Certifications is committed to upskilling and educating people to stay relevant and ahead of technological advancements.

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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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Supply constraints not having major impact yet on retail sales

Retail Wire

Retail sales rose 0.7 percent in September, according to the Commerce Department, and August was revised upward from 0.7 percent to 0.9 percent. Economists had expected retail sales to fall 0.2 percent in September. “While visits to restaurants and retail locations have yet to break out of their late summer plateau, high-frequency card transaction data suggests spending remains solid,” said Sam Bullard, a senior economist at Wells Fargo.

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‘More is more’: Q&A with Camilla CEO, Jane McNally

Inside Retail

Local luxury fashion brand Camilla is well-loved for its vibrant prints and colours, and glamorously distinctive collections. In this edited podcast interview with Australian Retailers Association CEO Paul Zahra, Camilla CEO Jane McNally discusses what makes the brand so unique, its online and digital growth, and its plans to expand internationally. .

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Tampa Bay Lightning’s Arena Adds One-Click Checkout for In-Seat Purchases

Retail TouchPoints

The Tampa Bay Lightning and Amalie Arena have partnered with Fast to provide a streamlined “headless checkout” experience when fans purchase merchandise. Guests attending games and events at the arena can scan QR codes placed on cup holders at the arena to make instant purchases using Fast Checkout for Lightning gear, including the “Item of the Game,” future tickets or merchandise from the event.

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The XDR Solution to the Ransomware Problem

Cisco Retail

During a ransomware attack, it is critical to detect and respond early and quickly. By decreasing your mean time to detection in identifying the attacker’s behavior, your security team can quickly investigate and respond timely to prevent a ransomware incident. And, if you can interrupt the attacker’s tools, tactics, or techniques early in the process that will force most attackers to abandon the campaign as they cannot progress further along in the “kill chain”.

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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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Aggregators to buy up more third-party sellers on Amazon

Retail Wire

More than 1,000 third-party sellers on Amazon.com’s marketplace will be acquired by aggregators over the next year, according to a forecast by Fortunet. “Most aggregators didn’t exist before 2020, and further, they only raised capital over the past 12 months. That capital is only getting deployed now. There will be more acquisitions next year compared to 2021, Juozas Kaziuk?

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Is brick-and-mortar retailing really dead?

Inside Retail

Industry pundits have long been tolling the bells of doom on the concept of physical stores. After all, why would customers drag themselves to a brick-and-mortar store when they can do all of their shopping online? For retailers, establishing and staffing a physical store is a significant overhead. Eliminating those costs and selling products direct to customers in their own homes sounds like a dream scenario.

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Michaels Prepares Marketplace Offering to Offer More Than ‘Just Coupons and Discounts’

Retail TouchPoints

Michaels will launch a marketplace for third-party craft supply sellers, though no debut date has been set. The Michaels Marketplace will be invite-only and aimed at “high-volume sellers of components, tools or craft materials,” according to an announcement on the company’s website. The retailer also is currently seeking third-party solution providers in areas including payment processors, order management and shipping and fulfillment.

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Ransomware Taxonomy: Four Scenarios Companies Should Safeguard Against

Cisco Retail

While October is designated as Cybersecurity Awareness Month, focusing on keeping your company and customers safe should be a constant priority, especially with the growing number and sophistication of ransomware attacks worldwide. As companies interact more digitally with customers and end-users, their attack surface increases, presenting more opportunities for would-be attackers.

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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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Eyes on Amazon as Etsy and eBay support bill to deter counterfeit and stolen goods online

Retail Wire

Etsy and eBay were among a group of online platforms that opposed legislation considered earlier this year by the U.S. Senate with the intent of curtailing the sale of counterfeit and stolen goods. Similar legislation being considered in the House has gained the support of these companies as it addresses concerns about seller privacy. Amazon.com, which also opposed the Senate version, has not publicly weighed in on the pending legislation in the House.

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‘Not about products’: The genius of Moncler’s global, digital runway event

Inside Retail

Luxury French ski-wear brand Moncler staged a very different runway event recently. On September 25, in the midst of Milan Fashion Week, Moncler created a fashion show which took viewers on a digital journey to five major fashion cities to revel in the 2021 Mondogenius collection. The show was thoughtfully hosted by musician and Moncler ambassador Alicia Keys.

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DTC Activewear Brand Vuori Valued at $4B After Latest Funding

Retail TouchPoints

Vuori has received a $400 million investment from SoftBank Vision Fund 2 that values the activewear brand at $4 billion just six years after its debut. The company has been profitable since 2017. Launched in 2016 as a DTC business, Vuori has since expanded to brick-and-mortar via wholesale at retailers including Nordstrom and REI , as well as with 10 standalone stores.

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Harmony on the Inside is the Key to Innovation from the Outside-In

Cisco Retail

The security industry brings together people from all backgrounds and experiences. And my path to security is no different. What seems “way back when” in 1994, when the Internet was the next big thing in technology, I was part of the team that set up the national Internet backbone in India. At a time when it was relatively unfamiliar to the masses—just shy of a mere thirty years ago— the internet was also an intriguing concept for the country’s leaders who were present at its unveiling.

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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.

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Senator calls for Amazon breakup

Retail Wire

Sen. Elizabeth Warren (D – MA) is calling for Amazon.com to be broken up following a Reuters report that the company’s Indian business copied products from other sellers, gave them preferential search placement and sold the items on its site. The news organization said that documents reveal that employees had access to proprietary data that they used to replicate popular products.

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Embroidery, upcycling and scent making: Uniqlo amps up entertainment

Inside Retail

Uniqlo Singapore recently marked the 5th year of its Orchard Central Global Flagship, despite the pandemic presenting various challenges for the business locally. It follows a move last year to reopen its ION Orchard, Plaza Singapura and Orchard Central stores as Uniqlo Towns , a retail destination concept that offers shoppers varied experiences, from sustainability to local arts and culture.

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Remarkety Helps Retailers Email Customers at the Point of Online Purchase to Reduce Cart Abandonment

Retail TouchPoints

Remarkety , a data-driven ecommerce marketing platform, has launched Email Capture Booster. The solution was designed to strategically interact with the customer as soon as they add an item to their cart as a way to reduce abandonment. Email Capture Booster connects with customers once they have had time to show interest in a product, helping mitigate the risk of coming off as intrusive and turning prospective customers away.

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To Transform or Not to Transform: That is the Question

Cisco Retail

Claudius. Iago. Richard III. Epic villains who used malicious, deceitful acts to cause pain and destruction in Shakespeare’s greatest dramatic plays. Cybersecurity threat actors are no different. Through malware, phishing, and other exploitive activities, these villains take advantage of vulnerabilities and seek to cause harm. And it’s no secret that the shift to hybrid work has emboldened and provided new opportunities for these cybersecurity threat actors.

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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.