Mon.Oct 23, 2023

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From data to dollars: The profit-generating advantage of Price Optimization

Retail Dive

In the highly competitive world of e-commerce, pricing for profit is a constant challenge, too high and you lose customers, too low and you’re missing margin targets. What’s the solution to this dilemma?

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Blockchain applications in retail

Inside Retail

Retail’s blocks used to be entirely brick and mortar. E-commerce then shifted some blocks online. Now, blockchain is building on the foundations of both by influencing everything from payments and loyalty programs to retail locations and supply chains. Building payments with blockchain The idea that a major retailer could provide its own stablecoin, or fiat-backed cryptocurrency, is tantalising.

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Can Kohl’s New Merchandising Strategy Create Holiday Magic?

Retail TouchPoints

Kohl’s has unveiled a series of new initiatives designed to inspire holiday shoppers and rev up seasonal sales results. While discounts and deals will be core, the ailing department store chain is also prioritizing in-store merchandising and curation to improve the customer experience. To make finding the perfect gift even easier, Kohl’s has developed a new front-of-store experience, aptly called Gift Shop, that is curated for various holiday gifting needs.

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L’Occitane launches its Sol de Janeiro brand at Sydney Airport

Inside Retail

L’Occitane beauty brand Sol de Janeiro is expanding in Asia Pacific travel retail channels through a partnership with Heinemann Australia, starting with an installation at Sydney Airport’s international departures area. Sol de Janeiro, meaning “Sun of January” in Portuguese, was founded by Heela Yang, inspired by her time in Brazil.

ATS 279
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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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Considering a Multi-Carrier Strategy? 7 Questions to Ask Before Partnering with a Last Mile Delivery Provider

Retail TouchPoints

After months of negotiations with the Teamsters Union, UPS has been able to avoid what would have been the largest single employer strike in U.S. history. Fortunately, the labor disputes were resolved before any major disturbance to the economy, but the situation has forced brands — and any business that relies on national carriers — to reconsider their shipping strategy by embracing a multi-carrier approach.

Shipping 264
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US furniture chain Blu Dot opens its doors in Melbourne

Inside Retail

US modern home furniture chain Blu Dot has opened a showroom in Collingwood, Melbourne. The launch marks the brand’s second brick-and-mortar store in the country and 17th worldwide since its establishment in 2008. Preston Lane designed the building’s architecture while Hecker Guthrie was in charge of its interiors, combining modern and heritage architectural elements.

More Trending

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Livestream shopping, Retail media, and Tech-budget priorities - Weekly Snacks #77

Tokinomo

Campaign scoop Is it a commercial? Leslie David Baker and Phyllis Smith, former co-stars from The Office, share a casual moment while enjoying a bowl of Honey Nut Cheerios. During their snack, they are visited by BuzzBee, the mascot for Cheerios. BuzzBee is concerned that he might have missed his opportunity to promote the cereal's health benefits in a commercial.

Shopping 264
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Walmart Makes Public Commitment to Ethical Use of AI

Retail TouchPoints

As AI has moved into the spotlight, businesses have found themselves performing the tricky balancing act of touting their use of this transformative tech while also assuaging fears about the impact it could have on the world. In July, some of the biggest names in AI — including Amazon , Google , Meta , Microsoft and OpenAI — agreed to a set of commitments developed by the White House to ensure the “safe, secure and transparent” development of AI technologies.

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??Muffin Break store pleads guilty to 360 child employment charges

Inside Retail

The Southland Muffin Break store has been fined $10,000 after being convicted of over 360 breaches of the child employment laws. Rianshi Pty Ltd, trading as Muffin Break (Southland), pleaded guilty to employing three children under 15 without a permit on 111 occasions. It also employed the children for longer than the promulgated number of hours and failed to ensure supervision and sufficient break time for the children.

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Hello Bello Files for Bankruptcy, will be Acquired by Private Equity Firm

Retail TouchPoints

After about five years in business, baby and family care brand Hello Bello has voluntarily filed for Chapter 11. Despite the hype surrounding the brand and the star power of its Founder, actress Kristen Bell, the brand has struggled to stand out in an increasingly competitive category that is now brimming with direct-to-consumer and challenger brands.

Finance 260
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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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Tim Wentworth is the New CEO of Walgreens

Retail Wire

Walgreens Boots Alliance has confirmed the appointment of Tim Wentworth, former CEO of Express Scripts, as its new CEO. Wentworth’s distinguished.

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Steve Madden Ties Up Almost Famous Acquisition

Retail TouchPoints

Steven Madden has completed its acquisition of the privately held women’s fashion label Almost Famous , further expanding its reach in the apparel category. Almost Famous markets products under its own brands (primarily Almost Famous), which can be found at retailers including Kohl’s , Macy’s , Walmart and Amazon Fashion. The company also develops private label brands for a range of retailers, including mass merchants, department stores, off-price retailers and chain stores in the U.S.

Apparel 253
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Hallmark opens concept store in Victoria

Inside Retail

Greeting card retailer Hallmark Australia has opened a new concept retail store at Blackburn Square Shopping Centre in Victoria. Aside from gift cards and gift packaging, the new store offers Hallmark-branded collectibles such as Keepsake ornaments, recordable storybooks, and newly launched Better Together plushies. In addition, the store offers locally sourced items including Frankie Gusti candles, Miss Frankie nail polishes, and Bopo Women beauty products.

Marketing 249
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UAW (United Automobile Workers) Ram Strike Begins

Retail Wire

The United Automobile Workers (UAW) union has initiated a strike involving 6,800 workers at a Ram pickup truck manufacturing plant in Michigan.

ATS 173
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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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Over the finish line: Red Run opens at Liverpool ONE

Retail Focus

Grosvenor has announced that women’s active streetwear brand, Red Run, has opened the doors to its new flagship store at Liverpool ONE. The opening is an important milestone in the growth of the popular fashion-forward brand and represents Liverpool ONE’s dedication to supporting the development of local, independent businesses. The new 1,400 sq ft store on Liverpool ONE’s Manesty’s Lane showcases Red Run’s cleverly curated, high-quality active streetwear collections and to celebrate the openi

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Chevron is Sold by Company Founder’s Son in $53B Deal

Retail Wire

US oil producer Hess Corp, founded by Leon Hess with a secondhand truck delivering fuel oil during the depression, has been sold to Chevron Corp.

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The state of clean beauty

Retail Dive

Favored by younger generations, the category faces new federal regulation calling for brand and manufacturing transparency.

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Ron Vachris Is New CEO of COSTCO

Retail Wire

Costco has announced that its current President and Chief Operating Officer, Ron Vachris, will ascend to the role of Chief Executive Officer on January 1,

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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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A retail expert weighs in on Alibaba and JD.com’s approach to Singles Day

Inside Retail

As China’s economy grapples with the aftermath of the pandemic, e-commerce giants Alibaba and JD.com are pulling out all the stops for their annual Singles Day shopping festivals, with both players set to unleash an unprecedented level of discounts and deals. While Alibaba seeks to offset declining consumer confidence with a wide array of 80 million discounted products and price reductions of up to 15 per cent, JD.com has chosen to break away from traditional pre-sales, offering genuine l

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NRF Names Official Fight Retail Crime Day

Retail Wire

In response to the escalating retail crime crisis, the National Retail Federation (NRF) is spearheading an initiative called Fight Retail Crime Day, scheduled

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Premium meal delivery service Providoor returns with new investment

Inside Retail

Providoor has relaunched in Sydney, Melbourne and Brisbane following the acquisition made by founder of Seventh Street Ventures Sam Benjamin. The company’s comeback features a line-up of celebrity chefs and food personalities such as Matt Preston, Silvia Colloca, Anna Polyviou, Luke Nguyen, Gary Mehigan, Manu Feildel, Justin Narayan, and George Calombaris.

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(A$AP) ASAP Rocky Puma Team-Up for Rapper to be Creative Director of Formula 1 Partnership

Retail Wire

ASAP Rocky Puma is the new team-up as rapper and fashion collaborator, A$AP Rocky, takes on the role of creative director for Puma's Formula 1 partnership,

Fashion 147
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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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Customers exchange urine for soap at Het Nieuwe Instituut pop-up shop

Dezeen

Cultural centre Het Nieuwe Instituut is rethinking the archetypal museum shop with a pop-up at Dutch Design Week , designed to encourage more ethical, resource-conscious consumption. Instead of offering a straightforward exchange of wares for money, New Store 1.0 offers patrons the opportunity to trade their urine for a piece of P**s Soap and encourages them to place their phones on specially designed fixtures to provide lighting for the venue once the sun goes down.

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Amazon Reveals New MK30 Delivery Drone

Retail Wire

Amazon has revealed its latest delivery drone, the MK30, which is smaller, faster, and boasts double the flight range of its predecessor, the MK27.

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Holiday spend expected to reach $1.6 trillion: ICSC

Retail Dive

While more consumers plan to spend more this holiday season, a new survey suggests they will shop at fewer stores.

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Qatar Airways CEO Akbar Al Baker Resigns

Retail Wire

Akbar Al Baker, the long-standing CEO of Qatar Airways, has announced his sudden resignation, effective from November 5.

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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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UK government unveils plan to tackle shoplifting

Retail Gazette

The government has launched a new Retail Crime Action Plan to combat shoplifting today. The plan, published by the National Police Chiefs Council, sets out how police should respond to and investigate thefts against convenience stores and other retail businesses. The guidelines for police officers focuses on areas including prioritising attendance at the scene of violent crimes, how retailers should report crimes, and identifying “hot spot” locations where additional patrols would be

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Marvel MTG Crossover: MCU Meets Magic the Gathering

Retail Wire

In a surprising crossover, Marvel’s iconic heroes will soon be featured in Magic: The Gathering with the release of new “collectible.

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Amazon to integrate drones into fulfillment network for faster delivery

Retail Dive

Prime Air drones will deploy at same-day delivery sites rather than standalone facilities as the company scales its use of the emerging transportation method.

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Croc Cowboy Boots are Here

Retail Wire

Crocs, the iconic and often divisive footwear brand, is set to expand its portfolio with the release of a cowboy boot variant - spurs included.

Fashion 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