Thu.Dec 14, 2023

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Retail Predictions for 2024: Navigating the Future of Shopping

Intelligence Node

As we step into 2024, the retail industry is poised to witness transformative changes. These are shaped by evolving technology, stiff competition, and changing consumer preferences. To stay ahead of. The post Retail Predictions for 2024: Navigating the Future of Shopping appeared first on Blog.

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Seed Heritage’s reopened Canberra Centre store is now brand’s largest yet

Inside Retail

Seed Heritage has launched its largest store with the reopening of an expanded site at Canberra Centre. The 900sqm store showcases the clothing company’s full offerings across the woman, man, baby, child, teen, and home categories. The expanded store marks Brandbank Group’s aggressive growth strategy, with 500 stores across Australia, New Zealand, Hong Kong and Singapore.

ATS 299
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NRF Launches Retail Sustainability Center

Retail TouchPoints

The National Retail Federation (NRF) has introduced the Center for Retail Sustainability , designed to help retailers generate economic value while also creating benefits for the environment, communities and societies. Initial efforts will focus on leveraging consumer insights around sustainability products and practices, and improving supply chain traceability.

Consumer 278
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Apple Hits Sky-High Shares Amid Tech Stock Rally

Retail Wire

Wednesday saw a record-breaking performance for Apple Inc. as its shares closed at an unparalleled high.

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Modernizing the Frontend Experience on Salesforce Commerce Cloud

Unlock agility, boost performance, and gain control over your Salesforce frontend with the latest masterclass from Composable.com : Modernizing the Frontend Experience on Salesforce Commerce Cloud Featuring experts from Algolia, Ember, Netlify, and Stripe, this masterclass focuses on practical strategies for optimizing your Salesforce Commerce Cloud storefronts using modern composable commerce integrations.

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New Balance bottles its scent and enters the beauty space with Grey Store

Inside Retail

Elevated and exclusive shopping experiences and products are fast becoming a way for brands to differentiate and create hype around new offerings and core products. New Balance has entered the beauty market in celebration of opening a premium direct-to-consumer retail store in Australia this December and it smells like luxury on and off the court for the apparel brand.

Fashion 264
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Counterfeits of Anti-Obesity Medication & Weight Loss Drug Ozempic Reported

Retail Wire

The anti-obesity medication & weight loss drug Ozempic is surpassing demand inciting bad market practice.

Marketing 264

More Trending

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New Jersey Mall Owner PREIT Faces Bankruptcy

Retail Wire

Facing bankruptcy, PREIT, owner of multiple New Jersey malls, has proposed a reorganization plan in hopes of preventing the malls from closing.

Planning 264
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Kroger Cooks Up Shopping Integration with GE Appliances

Retail TouchPoints

More than 150,000 owners of select GE Appliances can now view seasonal recipes on their oven’s and range’s LCD screen and then seamlessly shop for the ingredients from supermarket giant Kroger. Touchscreens on the appliances will showcase a rotating selection of recipes from Kroger and strategic CPG brands including King Arthur Baking. If a recipe inspires the consumer, they can click to view the ingredient list and cooking instructions; another click adds the necessary ingredients to their Krog

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ACCC warns franchisors: fix unfair contract terms or face court

Inside Retail

Franchisors should review and amend unfair terms on their standard form contracts or else face legal action, the Australian Competition and Consumer Commission (ACCC) has warned. The ACCC said contracts are unfair if they cause a significant imbalance in the rights and obligations of the involved parties; are not reasonably necessary to protect the legitimate interests of the party advantaged by the term; and would result in detriment to the other party if implemented or relied upon.

Consumer 263
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Sally Beauty Rolls Out Free Virtual Hair Coloring Consultations

Retail TouchPoints

Sally Beauty has launched a new service offering free, on-demand digital hair coloring consultations with licensed professionals. The retailer piloted the Licensed Colorist OnDemand in two states in August and it’s now available in all 50 states. The digital service connects consumers one-on-one with certified licensed colorists, in real time, to address their hair color questions.

Consumer 263
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Website Security Essentials: Protect Your Site and Strengthen Cybersecurity

In a digital-first world, website security is non-negotiable. This comprehensive guide explores the critical importance of securing your site against hackers and vulnerabilities like SQL injection, XSS, and malware. Discover tools like SiteLock for threat monitoring and CodeGuard for seamless backups, ensuring robust protection for your data and operations.

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Coca-Cola, Sprite, and Fanta Recall: Here’s What to Know

Retail Wire

The Coca-Cola Company has recalled soda cases distributed in Alabama, Mississippi, and Florida for "potential foreign materials.

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ICSC Research: New Store Openings Boost Online Sales 6.9%

Retail TouchPoints

New research from trade organization ICSC highlights the inextricable link between physical stores and online sales and the surprising fact that Gen Z are turning to physical retail at higher rates than their predecessors. The latest study shows that a new store opening boosts online sales in the trade area surrounding that store by an average of 6.9% in the immediate weeks following the opening; conversely, closing stores has an even greater negative impact on retailer performance, resulting

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Hammerson welcomes 115,000 sq ft of new retail openings at Bullring & Grand Central

Retail Focus

Hammerson is pleased to announce a flurry of high-profile new openings at Bullring & Grand Central, the culmination of a transformational year for the Birmingham city centre destination. Nike, Bershka, Pull&Bear, and M&S have opened just in time for the busiest shopping period in the calendar, alongside the famed Coca-Cola truck having arrived at the destination last weekend, underpinning Hammerson’s strategy to enliven the asset with new brands, concepts and market firsts.

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Capital Food Market opens in Belconnen with 40 F&B tenants

Inside Retail

Capital Food Market in Belconnen, Australian Capital Territory, has opened its doors to the public with 40 food and beverage merchants. The 4300sqm market hall is the final stage of real estate investment manager Elanor Investors Group’s revitalisation of the 3ha gateway site where the original Belconnen Fresh Food Markets precinct has been since 1976.

Marketing 130
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Is Your Business AI-Ready? Find Out with Orium’s Maturity Model

Generative AI is poised to redefine B2B, but scaling AI success in this space isn’t without obstacles. From fragmented data sources and complex buyer journeys to operational inefficiencies, the road to AI-powered growth can be challenging. To achieve a competitive edge, understanding your organization’s AI-readiness is essential. Orium's Data & AI Maturity Model provides a quick, actionable way to assess your starting point.

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How forecasting can enhance cash flow in the retail sector

Retail Focus

Competition is fierce in the retail sector as traditional brick-and-mortar businesses face the digital revolution. Data is key for all-sized retailers, not only to assess how far they’ve come but to provide a clear direction for the future. That’s easier said than done, though, which is where forecasting comes in place, providing an opportunity for growth and success even in the most unpredictable market conditions.

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Navigating the fine line between AI, personalisation and engagement

Inside Retail

Artificial Intelligence (AI) is showing increased adoption in customer service. Traditionally, the primary role for customer-facing chatbots has been to reduce the volume of inbound requests to human operators. But now, AI-powered assistants are also being deployed behind-the-scenes for contact-centre agents. When these technologies are able to leverage vast amounts of customer data, they can become extremely powerful.

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8 Reasons Why Your TikTok Ads May Not Be Spending

Retail Focus

Edi Moraes, Media Buyer, Upbeat Agency talks about the reasons why your TikTok ads may not be spending. The TikTok made me buy it hashtag has become a global phenomenon. Viewed more than 77.4 billion times (more if you include #tiktokmademebuythis), on diverse promoted products, it’s a clever marketing ploy that has woken many retailers and etailers to the potential of TikTok as an advertising platform.

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General Motors Announces Layoffs With GM Cruise Safety Investigation

Retail Wire

Cruise, the self-driving vehicle unit of General Motors, is laying off nearly 24% of its workforce.

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Master Off-Page SEO: Boost Traffic, Build Trust, and Drive Conversions

Off-page SEO is the key to building trust, attracting qualified traffic, and boosting conversions. This guide explores how to leverage backlinks, guest blogging, social media, and influencer marketing to expand your website’s reach and authority. Discover the synergy between on-page and off-page SEO, ensuring your site is optimized for success. Learn how to create valuable content, engage with online communities, and track your progress to fine-tune your strategy.

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Rage against the machine: Will more grocers ditch self-checkout?

Retail Gazette

Last month Booths axed its self-service checkouts in all but two of its 28 stores, claiming the move was in response to customer demand. The supermarket insisted the change helped it keep its “warm northern welcome” and that having manned tills was better for shoppers. The high-end supermarket will only retain self-checkouts in its Windermere and Keswick stores in the Lake District as these stores can become very busy.

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Fontainebleau Las Vegas Finally Opens After 16 Years

Retail Wire

The storied hotel was the hotspot of the night during its Sin City grand opening.

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Tesco and Sainsbury’s among supermarkets linked to migrant worker abuse

Retail Gazette

Tesco and Sainsbury’s have been named among a number of supermarket giants which have been linked to multiple migrant worker abuses within the UK. Business and Human Rights Resource Centre senior migrant rights researcher Isobel Archer said: “Supermarkets must realise it’s simply not enough to publish general labour rights policies; they need to recognise specific vulnerabilities for UK-bound farmworkers and fishers and urgently respond to them by adopting tailored and migrant worker-centric ris

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Amazon Escapes Tax Bill to Luxembourg, European Union Court Decides

Retail Wire

In a landmark ruling, the leading court in the European Union has decided that Amazon is not required to pay €250 million ($273 million) in back taxes to Luxembourg.

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Is Your Brand AI-Ready? Find Out with Orium’s Maturity Model

Generative AI is reshaping retail, but achieving true AI success isn’t simple. Many brands face hurdles—underdeveloped data strategies, limited AI-ready infrastructure, or lack of seamless integration across systems. As you explore how AI can boost efficiency and transform customer experiences, understanding your business’s readiness is key. Orium's Data & AI Maturity Model offers a clear starting point.

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Macy’s, Anne Klein partner on NYC pop-up shop

Retail Dive

The apparel brand, which has partnered with Macy’s in the past, will showcase items from its latest collection at the temporary store.

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Tesla Recalls 2 Million US Vehicles Due to Autopilot Defect

Retail Wire

Tesla is recalling over 2 million vehicles in the U.S. that have its Autopilot advanced driver-assistance feature integrated due to concerns highlighted by a safety regulator.

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Decoding the consumer wallet: Spending trends shaping e-commerce

Retail Customer Experience

Success in the e-commerce competition depends on understanding what matters most to online shoppers now and meeting those expectations.

Consumer 119
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A Giant Gingerbread Buc-ee’s Store Is on Display in Texas

Retail Wire

A creatively crafted replica of the Bastrop Buc-ee's, complete with gingerbread cutouts of familiar faces to Williamson County, has been constructed by Texas natives Deanna and Paul Vaters.

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Turn Your Website Into a Money-Maker: Tips for Small Business Success

Your website can be more than just a digital presence—it can be a thriving profit center. Discover proven strategies to monetize your website, whether you sell physical products, digital downloads, or services. Learn the importance of user-friendly design, high-quality content, and tailored marketing to meet audience needs and boost engagement. Explore options like e-commerce, affiliate marketing, and subscriptions, and use analytics to optimize for success.

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Sephora announces 2024 Accelerate program cohort

Retail Dive

The retailer is continuing to support emerging beauty brand founders with grants, access to industry leaders and an opportunity to sell in stores.

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Tesla’s Next-Gen Optimus Robot Handles an Egg and Dances

Retail Wire

Tesla recently provided a sneak peek into the new iteration of its Optimus robot, which has seemingly evolved in terms of agility and versatility compared to its previous version.

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Black Friday, Cyber Monday saw ‘lackluster’ consumer tech sales, report finds

Retail Dive

Both unit and dollar sales declined year over year during Black Friday Week, and the average price of products was down during Cyber Monday Week.

Consumer 111
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US Owner of Boots Restarts Plans to Sell UK Pharmacy Chain

Retail Wire

Walgreens is once again considering putting the UK pharmacy chain Boots up for sale.

Planning 130
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Mastering E-commerce Strategies to Drive Growth in B2B Distribution

B2B distributors and wholesalers: this webinar is for you! Discover the game-changing potential of composable commerce—a flexible, modern approach to e-commerce—and explore the strategies and technologies transforming the B2B landscape. Learn how to create custom digital experiences for your business from the leaders at Orium , commercetools , and Contentful as they walk through real-world examples, providing actionable insights on how to future-proof your business, integrate new opportunities s