18 retailers at risk of bankruptcy as consumers tighten wallets in 2022
Retail Dive
OCTOBER 3, 2022
As demand wavers and capital gets harder to find, the number of companies at risk has soared from last year.
Retail Dive
OCTOBER 3, 2022
As demand wavers and capital gets harder to find, the number of companies at risk has soared from last year.
Small Biz Trends
OCTOBER 2, 2022
Whether your business is struggling to recover from the pandemic or trying to make the most of new opportunities, extra funding can be incredibly useful. Small business grants provide a quick influx of cash that can be used for a variety of functions. Sometimes these grants come from state or federal governments. In other cases, local groups or non-profits offer them.
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Retail TouchPoints
OCTOBER 1, 2022
Cannabis is in growth mode: the industry posted sales between $24.5 and $27 billion in 2021 and reached an estimated 11,800 retailers in 2022, according to data from the MJBiz Factbook. A Gallup poll found that 68% of Americans believe marijuana should be legal and 16% of adults aged 26 and over used cannabis in the past year, making the trajectory clear —traditional retailers, take note.
Inside Retail
OCTOBER 5, 2022
The pandemic brought new workplace challenges to the fore, while employee concerns about mounting workloads, constant change and expectations about always being contactable outside work continue to rise. Research revealed that people worked longer hours at the start of the pandemic. While working from home saved commuting time, it also made it harder for some employees to switch off.
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.
Retail Focus
OCTOBER 4, 2022
Selfridges has launched its biggest Christmas shop in a dedicated new destination on the fourth floor of the Oxford Street Store. The Christmas shop which is 20% bigger than last year has been imagined as a magical and immersive space where visitors are invited to spend time savouring the festive experience. As well as offering more planet-friendly choices than ever before, the Christmas Shop has been built with sustainability in mind, reusing baubles from previous displays in store both for bau
Retail Wire
OCTOBER 4, 2022
Tupperware is typically sold directly to consumers through its own website or “Tupperware parties.” Now, it can also be purchased in Target’s stores and websites. The retailer will offer container bundles ranging from $7.99 to $79.99. Tupperware, which has tested sales through retailers including Target previously, also sells its storage containers on Amazon.com.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
OCTOBER 7, 2022
Melbourne’s Queen Victoria Market has cracked down on the sale of inauthentic Aboriginal and Torres Strait Islander souvenir products, ahead of new laws which come into force next year. In August, the Productivity Commission found two in every three Aboriginal and Torres Strait Islander-style souvenirs sold in Australia are inauthentic, with no connection to Aboriginal and Torres Strait Islander people.
Tokinomo
OCTOBER 4, 2022
Campaign Corner. Be the food hero. What’s for breakfast? How about lunch or dinner? Those brave men and women who decide to be the masters of home cooking deserve something better. The most recent commercial for Amazon Fresh shows us that an apron is just a cape put in the front. Fresh food delivered to your doorstep sure makes cooking a lot easier.
Retail Focus
OCTOBER 6, 2022
The fashion house of KARL LAGERFELD and model Cara Delevingne come together to launch CARA LOVES KARL: a futuristic, inclusive, gender-neutral collection and retail campaign which launched worldwide on September 8th, 2022. . StudioXAG were approached to imagine the collection’s pop-up of the future that would offer an immersive, innovative, fun and shareable experience.
Retail TouchPoints
OCTOBER 3, 2022
TikTok will reportedly enter a partnership with TalkShopLive to launch its live shopping platform in North America, two people familiar with the matter told the Financial Times. The companies are still finalizing the arrangements and no contracts have been signed so far. TikTok’s live shopping platform is already operational in Asian markets including Thailand, Malaysia and Vietnam as well as the U.K.
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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.
Inside Retail
OCTOBER 5, 2022
Dutch urban e-bike brand Lekker has opened its first flagship at the Albion Fine Trades precinct in Brisbane CBD. Found by Meindert Wolfraad in 2009, the company sells a range of premium electric bikes to urban commuters. The new store is stocked with Lekker’s full portfolio of bikes which comprises two core ranges: the Amsterdam e-bike range which is a sporty yet lightweight electric bike and the Jordaan range which is a modern take on classic Dutch bikes.
Tokinomo
OCTOBER 5, 2022
It’s challenging for every professional to keep up with the latest trends, especially if they work in an ever-changing industry like retail. There are thousands of materials, case studies, research papers, books, podcasts, and articles that bombard you with information. How can you select the best and most important one? We will help you!
Retail Focus
OCTOBER 7, 2022
MAPIC is launching its Retail Village concept for MAPIC 2022. A major, central location has been set aside within the Palais des Festivals for the show – to attract the most progressive, innovative and connected retail brands in the industry. With constant flux and change in the retail industry, the purpose of the Retail Village at MAPIC is to not only put retail back on stage but also to showcase all new, agile retail initiatives.
Retail TouchPoints
OCTOBER 4, 2022
Ann Taylor and LOFT have launched StyleRewards, a revamped multi-tender loyalty program that lets shoppers earn benefits across Ann Taylor, LOFT, Ann Taylor Factory and LOFT Outlet. The program has a tiered structure and was designed to emphasize a customer-first loyalty approach. Members earn two points per dollar spent on qualifying purchases across all the brands, while credit card holders earn five points for every dollar spent.
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
Inside Retail
OCTOBER 7, 2022
With the Reserve Bank of Australia (RBA) increasing interest rates for six straight months – most recently, a 0.25 per cent rise on Tuesday to 2.6 per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . Yet, some data shows that customers have been spending. According to the Australian Bureau of Statistics (ABS), retail sales were up 19.2 per cent in August 2022 compared to the previous year.
Retail Wire
OCTOBER 7, 2022
President Joe Biden said that he plans to ask the Justice Department and the U.S. Department of Health “to initiate the process of reviewing how marijuana is scheduled under federal law.” Marijuana is currently classified as a Schedule 1 drug, the same classification as opioids. Publicly traded companies in the business of growing and selling cannabis saw their stock prices soar on the news.
Retail Focus
OCTOBER 7, 2022
Battersea Power Station today announced that Nike , will open a new store inside the Grade II* listed Power Station from 14 th October 2022 , when the London landmark will open its doors to the public for the first time in history. The store will focus on serving consumers in the Battersea neighbourhood, and will span approximately 8,380 sq ft. . Nike is the latest retailer to join the exciting mix of British and international brands set to open at Battersea Power Station and on Electric Boulev
Retail TouchPoints
OCTOBER 1, 2022
Burberry has appointed Daniel Lee to the role of Chief Creative Officer starting Oct. 3, 2022. He will report to CEO Jonathan Akeroyd, who began leading the luxury brand in April 2022. Lee will replace former creative chief Riccardo Tisci , who was appointed to the role in March 2018 following his career with Givenchy from 2005 to 2017. Tisci’s departure was announced only days after the presentation of his Spring/Summer 2023 collection in London, which was his last for Burberry.
Advertiser: ZoomInfo
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
Inside Retail
OCTOBER 7, 2022
Stage One of Western Australia’s Plan for Plastics is now complete with single-use plastic cups officially banned from October 1. The state government announced its Plan for Plastics last year in June, detailing a roadmap towards a sustainable, plastic-free state. Nine items have been phased out since July as part of the first stage including plates, cutlery, drink stirrers, thick plastic bags, drinking straws, expanded polystyrene food containers, helium balloon releases and unlidded containers
Retail Wire
OCTOBER 7, 2022
A compactor outside the doors of an Amazon.com warehouse in upstate New York caught fire on Wednesday night, forcing the company to send workers home and cancel the following shift “out of an abundance of caution,” according to company spokesperson Paul Flanagan. The fire at the warehouse was the third at one of Amazon’s warehouses in the state this week.
Retail Focus
OCTOBER 6, 2022
CBRE Investment Management has announced TONIC15 , the Korean beauty destination, has opened its second pop-up within Angel Central following success earlier in the year. With K-Beauty significantly rising in popularity, TONIC15 has chosen Angel Central to host a dedicated space as the retailer strives to continue to capture the attention of beauty-conscious consumers.
Retail TouchPoints
OCTOBER 5, 2022
Allbirds is expanding its retail partnerships by selling 11 Allbirds footwear styles in 41 REI stores and via the outdoor retailer’s website. Known for its commitment to sustainability, Allbirds has been fortifying its brick-and-mortar presence since its IPO in November 2021. In May 2022, the footwear and activewear brand partnered with Nordstrom as the retailer sought to expand its sustainable offerings.
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.
Inside Retail
OCTOBER 7, 2022
Construction on Queensland’s first ‘free supermarket’ has commenced at local charity Serving Our People’s Gold Coast headquarters. The $500,000 project, due to be completed by November, will occupy a 45-year-old warehouse on Mermaid Beach serving locals in need with a range of essential grocery items and general goods. It will also be equipped with a half-size basketball court, electric bicycles and a space for community events.
Retail Wire
OCTOBER 7, 2022
Adidas and Kanye West have been working together since 2016, but the rapper and entrepreneur has recently been critical of the company and its CEO, Kasper Rorsted. The athletic wear brand said it is assessing the partnership after being unable to resolve differences with Mr. West. The company will continue to co-manage Mr. West’s line until a decision has been made.
Retail Focus
OCTOBER 6, 2022
British fragrance maker Molton Brown has transformed their flagship store on London’s landmark Regent Street. The interactive store has a strong focus on the customer experience and has sustainability at its heart, with exclusive products and services, Regent Street has always been the pinnacle of the Molton Brown experience. Leading design agency, Dalziel & Pow created an interactive store environment that celebrates their roots and reframes them for our times.
Retail TouchPoints
OCTOBER 4, 2022
Starboard Cruise Services , the LVMH Moët Hennessy Louis Vuitton luxury retail-at-sea company, has promoted Sherrie Day to the role of Global Head of Merchandising. Day will report to Lisa Bauer, President and CEO of Starboard. Day’s responsibilities will include managing Starboard’s merchandising strategy worldwide. She will oversee global buying and work with more than 700 brands.
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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.
Inside Retail
OCTOBER 6, 2022
One quarter of Australians will celebrate Halloween this year, with expenditure expected to hit $430 million, according to research commissioned by the Australian Retailers Association (ARA). The study was conducted in collaboration with ARA and Roy Morgan, an independent Melbourne-based social and political market research firm. According to the survey, Australians expect to spend an average of $86 per person this Halloween.
Retail Wire
OCTOBER 7, 2022
Elon Musk said that Tesla will make its first deliveries of its Semi electric commercial truck to PepsiCo on Dec. 1. PepsiCo has reserved 100 of the vehicles, which have a range of 500 miles (805 km) when fully charged.
Retail Focus
OCTOBER 3, 2022
Grosvenor has announced that exclusive footwear and apparel supplier, size?, has chosen Liverpool ONE to debut its new store design concept. size? is the third JD Group retailer to sign at the destination, joining the recently opened Tessuti global flagship, and JD Sports. The 2,734 sq ft site will open on Peter’s Lane this winter, relocating from its current Liverpool store.
Retail TouchPoints
OCTOBER 7, 2022
Following extremely vocal public criticism of its CEO Kasper Rørsted by Kanye West, Adidas has placed its relationship with the rapper “under review,” according to CNBC. The partnership launched in 2016 with Adidas manufacturing clothing through a collaboration with the rapper’s Yeezy brand. West has accused Adidas of not allowing him to have more control over the project and of copying his ideas.
Advertiser: FourKites
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.
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