Mon.Jan 01, 2024

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Lost Goods or Lost Sales? How Connected Systems can Help Solve Retail’s Most Persistent Dilemma

Retail TouchPoints

With retail crime rising across the United States, many retailers are frustrated by the challenge of curbing the effects of organized and ad-hoc theft. As a result, they’re ramping up their use of physical and visual deterrents — often in the form of locked cases — in the hopes that hardening targets will remedy the issue. It’s a natural response, and it’s guided by sound logic.

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China’s Manufacturing Slump Continues into December

Retail Wire

China's manufacturing scene experienced a significant pullback in December, marking its third consecutive month of contraction and underscoring the persisting lethargy in the world's second-biggest economy.

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Aldi pledges to lower prices even further after record-breaking Christmas

Retail Gazette

Aldi UK and Ireland boss Giles Hurley has pledged to cut prices even further in the new year after the German discounter reported its best-ever Christmas. Sales for the supermarke t topped £1.5bn for the first time in the four weeks to December 24. This is an 8% rise on last year’s figures. It reported that Friday 22 nd December was its busiest trading day, with over 2.5m customers flocking to its stores.

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LG Created a Two-Legged AI-Powered Robot That Can Watch Your Pets

Retail Wire

LG has invented a compact, mobile, two-legged robot that it will be bringing to the market in 2024.

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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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M&S must become a ‘global brand’ to survive another century, says chair

Retail Gazette

M&S chairman Archie Norman has said the retailer must become a “global brand” to survive for another century. Norman told The Times that the clothing and food retailer was eyeing further international expansion following signs its turnaround strategy was paying off. He said: “We would like M&S to be here for another 100 years, but to do that it has ultimately got to become a global brand.

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South Korean Exports to the US Surpass those to China

Retail Wire

In a landmark development, South Korea's exports to the United States have overtaken its shipments to China for the first time in two decades, in December 2021. The shift in trading dynamics is indicative of the changing global equations amid increasing concerns over economic security and tech supply chain reliability.

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New York State Thruway Toll Increases: What You Need to Know

Retail Wire

As we step into the new year, changes are afoot for those traveling via the New York State Thruway. Starting from Monday, January 1, toll rates will see a 5 percent hike.

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How AI Can Help Retailers Regain A Profit

Retail Minded

Following the pandemic, there has been a lot of talk about retail theft causing profit losses. Many retailers have closed stores across the nation due to organized retail crime and shoplifting. However, while retail theft is still a prominent issue in the U.S., recent news suggests this narrative might not be as accurate as sources originally claimed it to be.

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Aldi’s 15 Best January 2024 Special Deals

Retail Wire

As the holiday frenzy subsides and we welcome a new year, there are plenty of reasons to look forward to shopping for groceries in January with Aldi.

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50 Ideas to Spin the Doors on Your Stores!

Retail Adventures

2024 is the Year of Thinking BIG! Welcome to 2024, a brand new year to make your store a stand out! Keep customers coming back for more with these non-stop traffic-building, profit-producing, attention-grabbing, sales-generating, competition-miffing, customer-winning strategies every retailer should embrace: Windows that Wow 1. Choose a theme for your monthly window displays.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Aldi’s 15 Best January 2024 Finds Special Deals

Retail Wire

As the holiday frenzy subsides and we welcome a new year, there are plenty of reasons to look forward to shopping for groceries in January with Aldi.

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Top 5 Customer Service & CX Articles for Week of January 1, 2024

Hyken

Each week, I read many customer service and customer experience articles from various resources. Here are my top five picks from last week. I have added my comments about each article and would like to hear what you think too. 13 Tips For Responding To Negative Feedback On Social Media by Forbes Communications Council (Forbes) No matter what type of business you run or how well you run it, it seems no business is safe from negative comments on social media.

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Want To Partake in Dry January? Here Are Some Tips for the Challenge

Retail Wire

If you're interested in cutting back on alcohol consumption in 2024, find out about the Dry January challenge.

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Preparing for the Future: Retail Executives’ Outlook and Insights

Retail Eye

Welcome to the final installment of our AI in retail blog series! In this post, we'll focus on small businesses and explore cost-effective ways to integrate artificial intelligence (AI) into brick-and-mortar stores.

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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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Steam Line Blast Shut Down Part of Manhattan Ahead of New Year’s Celebration

Retail Wire

No one was hurt when the steam pipe released smoke into the air in Manhattan.

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Happy New Year 2024 From the Global Small Business Blog!

LS Retail

©iStock/inkoly

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Inflation Almost Back on Track, but Americans Are Impacted by Hefty Prices

Retail Wire

In 2023, inflation came down from the sky-high rise experienced over a period of 33 months. However, it has left an impact on Americans.

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