Sat.Feb 25, 2023 - Fri.Mar 03, 2023

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Inside the growing issue of cyber security, and what retailers can do

Inside Retail

Data breaches are becoming more prevalent these days, and the retail sector is definitely seeing its share of attacks. Most recently, a historic data breach impacted up to 1.85 million ‘The Good Guys’ customers. IBM recently revealed its ‘X-Force Threat Intelligence Index 2023’ report. According to the 2023 report, the deployment of backdoors, which allow remote access to systems, emerged as the top action by attackers last year.

Wholesale 246
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Greedflation: What is it and how is it impacting the retail industry?

Tokinomo

Everybody knows that rising inflation has a negative impact on retail sales and is putting pressure on customers who are just trying to make ends meet. While some retailers and brands are trying to help shoppers face the rising cost of living situation, there are others that might want to profit during this period.

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Why Customers Make Impulse Buys & What It Could Mean for Your Business

Wiser

How many times have you walked into a store with a list and left with a cart full of last-minute purchases? We’ve all done it. Whether it’s a fun sale you didn’t know the store was having, or you made the age-old mistake of grocery shopping while hungry, impulsive purchases are a common occurrence for most shoppers. In fact, according to a study done by Invesp , 84 percent of shoppers have made impulse purchases.

Location 145
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Carhartt, Hanna Andersson Highlight Product Durability with New Resale Programs

Retail TouchPoints

Two new entrants into the world of resale, Carhartt and Hanna Andersson , serve very different consumer segments, but both are highlighting the same brand attribute with their resale programs — their products’ durability. Premium workwear brand Carhartt has partnered with Trove to launch its resale program, Carhartt Reworked , which the brand said expands on its “legacy of building durable gear with the highest quality materials.

Returns 296
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From Concept to Deployment: Building Commerce Storefronts with Composable UI

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The running list of major retail bankruptcies

Retail Dive

From Toys R Us to J.C. Penney, many retailers have filed over the past few years. Here’s who has fallen victim since 2017.

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Record retail theft puts pressure on Australian supermarkets

Inside Retail

Retail theft has hit record levels in Australia, government statistics show, putting pressure on grocery giants Woolworths Group Ltd and Coles Group Ltd that are already struggling with soaring supply costs and freight blockages. Store theft rose 23.7 per cent in New South Wales, the home state of a third of Australians, from 2021 to 2022, state government figures showed on Thursday, the fastest year-on-year increase since records began in 1995.

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Best Buy Shutters Up to 30 Larger Stores as it Shifts Omnichannel Operating Model

Retail TouchPoints

Best Buy is planning to evolve its operating model with a greater emphasis on smaller stores as the retailer plans to close 20 to 30 large-format stores, implement eight experiential store remodels and open approximately 10 additional outlet stores over the coming year. The retailer plans to invest $200 million in capital expenditures for both these physical store changes and routine store resets and maintenance, down from about $300 million last year.

Planning 298
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Grocery shopping, retail ecosystems, and Sales increase - Weekly Snacks #44

Tokinomo

Campaign corner Beer fight. No, we didn’t forget about this beer fight commercial at the Super Bowl. At a bar, a devoted Coors Light fan excitedly reveals that Coors Light is set to make its debut appearance in the upcoming Super Bowl LVII. However, before he can complete his announcement, a Miller Lite enthusiast interjects and claims that it's actually a Miller Lite commercial.

Shopping 192
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Retail vacancy rates fall across Australian CBDs

Inside Retail

Australian CBD retail vacancy rates showed a “lagged recovery” in the second half, and business confidence is running high, according to new CBRE data. The realtor assessed 5347 retail outlets across Sydney, Melbourne, Brisbane, Perth and Adelaide and found that retail vacancy rates have tightened by 13.9 per cent. CBRE’s Australian head of retail research, Kate Bailey, said that despite “heightened cost of living pressures”, there was a “healthy level” of discretionary spending during the secon

Returns 264
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Feds to step up child labor law enforcement

Retail Wire

The Labor and Health and Human Services departments are coordinating their efforts to uncover violations of child labor laws in light of recent cases where American employers were found to be using children as young as 13 in meatpacking and other jobs. “This is not a 19th-century problem — this is a today problem,” Labor Secretary Marty Walsh said in a statement.

Marketing 246
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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: David Nisbet, 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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How Virtual Planogram Creation is Giving Purina Insights for a Metaverse Commerce Revolution

Retail TouchPoints

While the opportunities VR and the metaverse offer for the customer experience is a well-explored path, the technology also has the potential to greatly increase retailers’ efficiency on the backend. Purina is taking advantage of these possibilities, using the technology to connect with its retail partners to design planograms remotely, which can save time and boost sustainability with accurate shelf simulations.

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Miffy Brings Playful Charm to Chinatown London with Debut Pop-Up Experience

Retail Focus

Shaftesbury has announced that the beloved character turned globally recognised brand, Miffy, is set to launch its first-ever standalone pop-up activation on Chinatown London’s 78 Shaftesbury Avenue. The classic storybook character will be brought to life in the 400 sq ft space, as the destination celebrates the Year of the Rabbit. The 3-month long pop-up will also stock an exclusive selection of limited-edition products.

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Longchamp opens first next-gen store in Australia

Inside Retail

French luxury company Longchamp has launched its new boutique concept in Australia, trying to recreate the atmosphere of a Parisian apartment. The new store, located in Brisbane, is the first in Australia to display the new concept design, which embodies the brand’s legacy, savoir-faire, and creative spirit. The welcome area has bookshelf-inspired displays of the season’s major pieces, while the lounge has vintage-style furnishings.

Boutique 261
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Instacart’s sales and profit margins jump ahead of IPO

Retail Wire

Instacart reported that its revenues jumped more than 50 percent in the fourth quarter, and its profit margins rose more than 80 percent. The delivery service is reportedly closer to filing an initial public offering of its stock.

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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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Target, Macy’s and Dollar Tree Prep for a Tough Year Despite Holiday Success

Retail TouchPoints

While the 2022 holiday season was an overall success , the specter of a potential recession was clearly looming over the retail industry in the final months of the year. That pressure can be felt in the Q4 2022 results and fiscal 2023 outlooks released by a multitude of retailers this week. Walmart has already warned of an economic slowdown in the coming year, noting that shoppers’ savings rates are about half of what they were during the pandemic.

Markdowns 299
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Vanilla Women’s Fashion Brand Joins Merry Hill

Retail Focus

Sovereign Centros has announced the upcoming arrival of Vanilla, a trendy women’s clothing brand, at Merry Hill, one of the UK’s top retail and leisure destinations. The store will take up a 4,500 sq ft space and will house both of the brand’s labels, Blue Vanilla and Pink Vanilla, offering a broad selection of affordable, high-quality clothing, footwear, and accessories.

Fashion 147
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RFG sets off $47.4 million capital and debt-raising round to fund expansion

Inside Retail

Retail Food Group is to raise $47.4 million in debt and equity capital to help fund expansion and strengthen its balance sheet. The company says it has already received commitments to $24.9 million via a share placement and secured a $20 million debt facility with Washington H Soul Pattinson and Co. RFG executive chairman Peter George said the capital raising and new debt facility will enable the company to “reset and strengthen its balance sheet” allowing it to pursue core business and inorgani

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Apple wants age restriction on ChatGPT-powered email app

Retail Wire

Apple has held up approval of an app that uses OpenAI’s ChatGPT chatbot to automate email writing. The tech giant wants an age restriction to prevent kids 17 and younger from sending inappropriate emails.

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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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Nordstrom to Wind Down Canada Operations, Closing 13 Stores and Ecommerce Site

Retail TouchPoints

Nordstrom will shutter its six full-line department stores and seven Nordstrom Rack stores in Canada, along with its Canadian website , in a move that is expected to save the retailer $35 million in EBIT in fiscal 2023 compared to fiscal 2022. The ecommerce site closed on March 2, and the company expects to wind down its brick-and-mortar operations by late June 2023.

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Liverpool ONE Chosen as Location for Sweaty Betty’s Largest Retail Store in the North of England

Retail Focus

Global activewear and lifestyle brand Sweaty Betty will open its largest retail store in the North of England at Liverpool ONE, according to property group Grosvenor. The 2,600 sq ft standalone city store on Peter’s Lane marks Sweaty Betty’s debut in Liverpool and will showcase the brand’s extensive range of women’s clothing, accessories, and footwear, all made with responsibly sourced materials and recycled bottles.

Location 130
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Australian retail sales surged 7.5 per cent in January – ABS

Inside Retail

Australian retail sales in January surged 7.5 per cent year on year – and 1.9 per cent over December, reflecting a strong post-Christmas sale season. Ben Dorber, head of retail statistics with the Australian Bureau of Statistics (ABS), said January’s rise followed a 4 per cent month-on-month fall in December and 1.7 per cent rise in November. “Looking through this volatility shows that turnover is at a similar level to September 2022, and on average, growth has been flat over the past few month

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Legal weed merchants are bummed over drop in sales

Retail Wire

Sales of legal cannabis last year fell 8.3 percent in California, 20 percent in Colorado and eight percent in Washington as consumers cut back because of inflation.

Consumer 189
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Get MACH Ready with Orium, Commercetools, and Contentstack

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Michaels Aims to Enlarge Online Assortment More than 4X with Digital Marketplace

Retail TouchPoints

Michaels has launched an online marketplace featuring an expanded product assortment from a curated selection of third-party sellers. The marketplace is designed to exponentially grow Michaels’ online assortment in both new and existing categories by taking the product assortment on its U.S. site from 250,000 to more than 1 million SKUs. Michaels’ marketplace also is designed to benefit third-party sellers by forgoing subscription or listing fees in favor of a standard commission rate.

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Why Window Displays are Vital to Retail Stores

Retail Focus

Due to the boom registered by online commerce in the last couple of years, retail stores had to rethink their customer strategy. As such, the window displays became even more important since it’s a potential customer’s contact with the store. Through the window display, a store can communicate a wide range of messages, like the type of products available, discounts, the general atmosphere, or present the brand.

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Why Best Buy, Walmart, other major US retailers are touting health services

Inside Retail

Major US retailers including Best Buy, Walmart and Amazon are increasing their offerings of healthcare and health-related products as inflation-wary Americans shift more of their budgets to services and away from goods. Electronics retailer Best Buy recently kicked off a partnership with Atrium Health, part of Advocate Health, one of the country’s largest nonprofit hospital systems, Best Buy Chief Executive Officer Corie Sue Barry announced Thursday on a call with analysts.

Consumer 246
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Walmart to open 28 healthcare centers in 2024

Retail Wire

Walmart plans to open 28 new healthcare centers in 2024. That will bring the company’s total to 75. Walmart had 32 clinics operating at the end of 20922 and plans to open 17 more this year.

Planning 130
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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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Actionable Strategies to Safeguard Your Supply Chain from Cyberattacks

Retail TouchPoints

The world’s supply chains are under attack, and the vendors that organizations rely on could be the weakest link when it comes to protecting confidential information from falling into the hands of cybercriminals. An October 2022 report from BlackBerry Limited highlighted how extensive the threat to supply chains has become. BlackBerry found that 80% of organizations said they “received notification of attack or vulnerability” in their supply chain during the past year.

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How Do People Celebrate and Dress Up on Easter?

Retail Focus

Easter is a holiday that holds great significance in many cultures worldwide. It is a celebration and joy day marked by special traditions, customs, and events. One such custom is the Easter fancy dress. This article will explore how people celebrate and dress up on Easter. The History of Easter Celebrations Easter is a Christian holiday that celebrates the resurrection of Jesus Christ.

Fashion 130
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Ikea revamps materials sourcing in new nature-positive policy

Inside Retail

Ikea has joined up with Canopy to keep the world’s ancient and endangered forests out of the viscose supply chain for home textiles. Ikea is reaffirming its commitment to the world’s forests by joining the CanopyStyle program and buying viscose for home textiles solely from suppliers who received the top score in Canopy’s Hot Button Report.

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Senate to vote on subpoena for Starbucks CEO

Retail Wire

Sen. Bernie Sanders said that the Senate’s Health, Education, Labor, and Pensions committee would vote on March 8 on whether to issue a subpoena for Howard Schultz. Starbucks’ interim CEO has declined to appear in front of the committee to address questions about the coffee giant’s union-busting activities. Starbucks has maintained that Mr.

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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.