Wed.Jul 31, 2024

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Mosaic Brands confirms loss looms for fiscal FY24

Inside Retail

Mosaic Brands has confirmed it will report trading and statutory losses for the last fiscal year, with a pretax deficit in the range of $15 million to $20 million expected. The fashion retailer forecasts an operating EBITDA loss of between $5 million and $10 million. The company said it continues to anticipate a recovery in the first half of the current fiscal year as it works on resolving operational issues.

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Amazon Becomes Responsible for Third-Party Products

Retail Wire

Federal regulators have ruled that Amazon is responsible for defective goods sold by third-party sellers on its marketplace.

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E-commerce experts talk empowering staff through AI exploration and innovation

Inside Retail

Innovative, tech-driven e-commerce strategies can help optimise retail business models, and businesses that engage staff in this pursuit are best placed to improve theenhanced customer experience and simultaneously encourage talent retention. This was the topic of a panel discussion at the Online Retailer conference in Sydney last week , where five retailers talked about the misplaced fear around artificial intelligence (AI) in the workforce and how it can be used to create effective content.

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Chick-fil-A Debunks Viral Waffle Fries Rumor

Retail Wire

Chick-fil-A is keeping waffle fries on the menu.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Officeworks MD: “Product trends are constantly evolving”

Inside Retail

Officeworks opened its first store on June 16, 1994, in the Melbourne suburb of Richmond, with a range of 4500 products. Thirty years later, in 2024, that range has grown tenfold to around 40,000 products both in-store and online. From the beginning, the retailer has been dedicated to supplying customers with technology, stationery and office furniture.

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JOANN Announces Leadership Changes

Retail Wire

JOANN announced several senior leadership changes as part of its evolving process to stabilize.

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Spirit Airlines Announces New Premium Bag and Seating Bundles

Retail Wire

Four new plans will help enhance travelers' experience on Spirit Airlines.

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PCs and smartphones: Is the slump finally over?

Inside Retail

It’s been a long time coming but now it might just have arrived: a reboot for global PC sales and good times ahead for the leading PC retailers around the Asia-Pacific, both online and offline. According to a report authored by analysts at Citi Research, expectations in 2023 that a turnaround was imminent are now being fulfilled and they are likely to be sustained for some time as new models are rolled out.

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Starbucks Reports Another Disappointing Quarter as Revenue Declines

Retail Wire

Starbucks announced another quarter of lower-than-expected revenue earnings. Leading the decline were falling same-store sales in North America.

Shopping 263
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Etsy to Beta Test Loyalty Program

Retail TouchPoints

In mid-September, Etsy will launch a closed beta test of Etsy Insider, the marketplace’s new buyer loyalty program. Select U.S. buyers will be able to take advantage of benefits including free U.S. domestic shipping on many items, first access to special discounts and merchandise and a limited-edition annual gift designed by an Etsy seller. The program will be funded by Etsy and through a planned membership fee, with no cost to Etsy sellers.

Shipping 244
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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Intel Might Be Cutting Jobs Ahead of Upcoming Earnings Report

Retail Wire

Chipmaker Intel is potentially laying off more of its workforce as the company tries to cut costs and regain market share.

Marketing 259
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Hilco Division Takes Over Operations of Hanes Outlet and Maidenform Stores

Retail TouchPoints

Investment and advisory firm Hilco Consumer-Retail (HCR) has acquired the operations for Hanes Outlet and Maidenform stores. Financial details of the deal, which was completed on July 27, were not disclosed. HCR now plans to amp up the brand’s brick-and-mortar performance with the deployment of its RevUp store management platform and promised that new store experiences will be rolling out in the coming weeks.

Consumer 244
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Heavy Metals, Including Lead, Found in Many Dark Chocolate Products

Retail Wire

A new study reveals consuming too much dark chocolate may not be as healthy as previously thought.

Consumer 203
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How a Retail Media Campaign with Sam’s Club Woke up Serta Mattress Sales

Retail TouchPoints

For several years now, excitement has been building around retail media and what it will unlock: new revenue streams for retailers, better experiences for customers, high-intent audiences and closed-loop attribution for advertisers. But is all that actually happening yet? The short answer is yes. The longer answer is, yes, in cases where the retail media network’s capabilities are well-matched to the advertiser’s needs.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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Taco Bell Implements Major AI Change at Drive-Thrus. Here’s Why

Retail Wire

Taco Bell will be implementing AI at hundreds of locations across the United States.

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Amazon Seeks to Boost Just Walk Out Accuracy with AI-Powered Model

Retail TouchPoints

Amazon ’s newly AI-powered Just Walk Out (JWO) system can now simultaneously process data from multiple sources, including overhead cameras, weight sensors on shelves and RFID, to more accurately connect products to the customers purchasing them. This new multi-modal foundation model uses the same machine learning models underlying generative AI applications, but applies them to the physical store environment.

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How to unlock seamless customer interactions for your brand

Inside Retail

Engaging customers across multiple touchpoints has never been more critical. Consumers expect a seamless and consistent experience regardless of how they interact with a brand. This is where a cross-channel customer experience (CX) platform becomes indispensable. A cross-channel CX platform enables retailers to deliver consistent and engaging campaign messages across all customer touchpoints.

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Training Frontline Personnel in Retail: How to Do it on a Budget and Maintain High Quality

Retail TouchPoints

In retail, maintaining a knowledgeable, capable and well-trained workforce is a key factor in success, especially in categories with tight competition. At the same time, it’s a major challenge for most retail businesses. On the one hand, retail businesses deal with one of the highest industry turnover rates, and on the other, they need to maintain a high quality of service: One out of three customers will leave the brand after a single unfortunate experience, according to research from PWC.

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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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The Oakley Exoplanetary Bunker in the Heart of Paris

Retail Focus

This summer, as athletes prepared for the biggest competition of their lives, the prestigious Palais Brongniart was reborn as a haven to escape the chaos of the games. “The Oakley Exoplanetary Bunker”, a brutalist-inspired safehouse, immersed visitors in the brand’s rebellious history, offering a journey through Oakley’s almost 50 years past, present, and the vision that shapes its future. “At Oakley, we don’t believe in predicting the future; we believe in creating it.

ATS 147
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Albertsons to Expand Instacart Pickup Services, Add 30-Minute Deliveries

Retail TouchPoints

By the end of August 2024, Albertsons will offer free buy online, pick up in-store services at more than 2,000 supermarkets to Instacart shoppers. Additionally, customers of Haggen Food & Pharmacy , operating across Washington State, can now use Instacart for same-day delivery orders. Haggen was the final Albertsons banner to partner with Instacart.

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“You have to be your greatest advocate”: Lydia Bertini talks career progression

Inside Retail

As head of customer and people at the online rug retailer Miss Amara, Lydia Bertini’s job is to champion the customer experience within the business. When she joined Miss Amara in 2020, she was purely focused on the direct-to-consumer customer, but in recent years, her role has expanded to include the company’s growing B2B channel. “I’m now fortunate enough to partner with all of Miss Amara’s business-to-business customers, and that has made my role so much more rich,” Bertini told Inside

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Amazon Sets New Delivery Record

Retail Wire

Amazon has achieved a new delivery record by delivering over 5 billion items globally within the same or next day so far this year, a 30% increase from last year.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.

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Retail service skills needed to drive customer experience

Retail Customer Experience

The top retail services skills are communication, teamwork and critical thinking. But that's just the tip of the skill list needed to work in a retail and brand environment.

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Microsoft Endures Another Outage Due to Cyberattack

Retail Wire

Microsoft experienced another outage, but it was caused by a cyberattack that was promptly addressed.

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Getting the digital experience right

Retail Customer Experience

Today, the digital-ordering channel is no longer just a way for a customer to place orders. It’s part of the ongoing conversation between brand and guest.

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Hotel Chocolat sweetens café offer with bakery and hot food launch

Retail Gazette

Hotel Chocolat is set to open its first bakery and hot food offering, as part of the expansion of its Velvetiser Café format. The concessions are due to arrive in August at four of the retailer’s Yorkshire sites, as its new owner Mars begins its store investment plans, The Grocer reports. Bakery concessions will be added to the business’s Harrogate, Leeds Springs and Leeds Trinity cafes, with a fourth due to arrive at its Ilkley site in September.

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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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Between the Flags lifestyle brand leader shares CX strategy

Retail Customer Experience

In this latest episode of the CX Innovators podcast, produced by Networld Media Group, Briony Oayda, managing director of Bondi Active and Between the Flags, talks with RetailCustomerExperience.com editor Judy Mottl about deploying the tutch digital platform to foster an enhanced customer experience.

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Adidas CEO: ‘You have to be more American to be successful in America’

Retail Dive

With sales in North America down 7% in Q2, CEO Bjørn Gulden said the athletics retailer is leaning into American sports like basketball and baseball.

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The art of luxury retail: How Hong Kong is reclaiming its name as a VIP hotspot

Inside Retail

In November, Louis Vuitton transformed Hong Kong’s Avenue of Stars into a dazzling runway. Pharrell Williams brought his vision to life with the Men’s Pre-Fall 2024 Collection, hinting at Hong Kong’s resurgence as a beacon of art and culture. Earlier this year, Chanel announced its grand return, planning to unveil its Cruise 2024/25 Collection in Hong Kong, five years after its last show in the city.

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Maternity retailer Motherhood overhauls brand, partners with Kohl’s

Retail Dive

The partnership with the retailer, which has been working to expand its assortment, is the brand’s first foray into brick-and-mortar in five years.

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Activating Intent Data for Sales and Marketing

Sales and marketing leaders have reached a tipping point when it comes to using intent data — and they’re not looking back. More than half of all B2B marketers are already using intent data to increase sales, and Gartner predicts this figure will grow to 70 percent. The reason is clear: intent can provide you with massive amounts of data that reveal sales opportunities earlier than ever before.