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Can innovation help Nike maintain its market dominance?

Inside Retail

The bad news was that company CFO Mat Friend admitted that Nike fell short of its plan, telling investors on its June 27 conference call: “We experienced meaningful shifts in consumer traffic in key markets – particularly in Greater China, where brick-and-mortar traffic declined as much as double-digits versus prior year.”

Marketing 246
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Crypto Payments Adoption in FinTech: How Do Retailers Fit in?

Retail TouchPoints

The issue with this is that both retailers and customers have to have accounts set up in the same exchange platform. Although there’s no such solution available right now in the market, the industry is working furiously to make it a reality in the near future. Get ready for a technology retouch.

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Mirvac finds a good fit with social fashion app Mys Tyler

Inside Retail

More than 83,000 women from over 100 countries have downloaded the app, with the US, Australia, and the UK accounting for 70 per cent of users. Neill’s background is telecommunications but she said the idea for Mys Tyler had been brewing since 2014, when she was living in New York. Solving the $1 trillion ‘fit’ problem.

Fashion 246
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Optus parent assesses potential cost of data breach as lawyers circle

Inside Retail

Singapore Telecommunications said on Monday it was assessing the potential costs of the massive cybersecurity breach at its Optus arm, Australia’s second-largest telco, 12 days ago. In its second comment on the breach of private data from 10 million accounts, Singtel sought to clarify reports it could face a huge compensation bill.

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Optus parent assesses potential cost of data breach as lawyers circle

Inside Retail

Singapore Telecommunications said on Monday it was assessing the potential costs of the massive cybersecurity breach at its Optus arm, Australia’s second-largest telco, 12 days ago. In its second comment on the breach of private data from 10 million accounts, Singtel sought to clarify reports it could face a huge compensation bill.

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What the ‘Next Normal’ in Consumer Behavior Means for the Hourly Economy

Retail TouchPoints

In 2019, for example, internet grocery purchases accounted for only about 3% of total sales, according to a Deutsche Bank Securities report. Those abilities also could apply to a role in a telecommunications company’s call center, or as a customer service representative at a health provider or a claims representative at an insurance company.

Consumer 249
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Retail appointments for the week

Inside Retail

Having operated at the cusp of change for more than two decades, Steve is familiar with the market pace needed to deliver digital, cultural, organisational and functional change that builds competitive advantage,” R.M. Williams stated. “He New Hugo Boss CEO steps into role.