Mon.Mar 25, 2024

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3 Ecommerce Logistics Trends that are Changing Retail Right Now

Retail TouchPoints

The ecommerce industry has experienced rapid growth in recent years, with global sales reaching an estimated $5.8 trillion in 2023, according to research by Statista. The same study suggests this trend is only expected to continue: by 2027, the global retail ecommerce market is projected to grow by 39% and surpass the $8 trillion mark. As ecommerce sales continue to grow, so does the focus on logistics, enabling retailers to meet the rising demand for shipping.

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Solomon Lew plans to spin off Peter Alexander and Smiggle next year

Inside Retail

Retail billionaire Solomon Lew has announced plans to spin off two major brands Peter Alexander and Smiggle from his public company Premier Investments next year, as part of a global expansion strategy. Children’s stationery label Smiggle is expected to become a separately listed company by the end of January, while the demerger of pyjamas retailer Peter Alexander will also take place later next year.

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China Bans Intel and AMD Chips in Government Computers

Retail Wire

China has unveiled new guidelines aimed at removing Intel and AMD microprocessors from government computers and servers.

ATS 264
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MJ Bale opens flagship in heritage-listed Sydney building

Inside Retail

Australian menswear brand MJ Bale has established a new national flagship store at No 1 Martin Place, the Sydney General Post Office (GPO). The MJ Bale flagship is situated at the intersection of Pitt Street and Martin Place on the northeast ground level of the GPO. The store’s interior was designed by Mandy Edge of Mandy Edge Design Studio, with the idea of “menswear as theatre” It boasts original eight-meter-high ceilings, elaborate marble and gold wall finishes, graphic bla

ATS 264
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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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Staples Simplifies Battery Recycling with New At-Home Program

Retail TouchPoints

To mark Earth Month in April, Staples is launching a battery recycling program that has already seen recycling rates soar from less than 50 batteries per week to thousands per location in test stores. Beginning in April, the retailer will offer a free battery recycling box (while supplies last), in which consumers can collect batteries at home and return them to Staples for free recycling.

ATS 255
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Boeing’s Biggest Labor Union Seeks a Seat on Its Board of Directors

Retail Wire

Boeing Co., facing mounting quality concerns, is now confronted with a new demand from its largest labor union. The International Association of Machinists District 751, representing 32,000 Boeing workers in Washington state, is pushing for a seat on the company's board.

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Southwest Airlines To Begin Offering Red-Eye Flights

Retail Wire

The flights should commence in two years.

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Mobile POS tools are a vital tool in elevating in-store customer experiences

Inside Retail

In an era of fierce competition to attract consumers’ tightening budgets, customer experience has become the key edge retailers can deploy to stand above the competition. Shopify – the commerce platform powering 25 per cent of online retail in Australia – is equally proficient at managing in-store retail transactions, making it the go-to supplier of solutions for retailers transacting across multiple channels.

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NBCU Unveils New TV Commerce Capabilities Ahead of Summer Olympics

Retail TouchPoints

NBCUniversal has unveiled a series of new capabilities aimed at “bringing television advertising into the performance marketing future” and enhancing TV-enabled commerce opportunities as it readies for the kickoff of the Summer Olympics on July 26, 2024. NBCU’s new Virtual Concessions ad format. (Image courtesy NBCU) Just in time for the event, NBCU has rolled out a new commerce-led ad format called Virtual Concessions that will allow sporting events viewers (or folks settling in for a mov

Checkout 234
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Why a Small EV Made in China Is Impacting the Global Vehicle Industry

Retail Wire

The BYD Seagull, manufactured in China, is a small fully electric hatchback with a starting price of 69,800 yuan (less than $10,000), and it could disrupt the automotive industries across the globe due to its attractive price tag and the fact that BYD is reportedly profiting from it.

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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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Execs from Macy’s, ThredUp, Google, DoorDash and More Cut Through the AI Hype

Retail TouchPoints

Amara’s Law posits that humans tend to overestimate the impact of new technologies in the short term but underestimate their impact in the long term. Over the past few decades, we humans have been presented with countless opportunities to test this theory, from the introduction of the internet and smartphones to our more recent encounter with the metaverse (short-term impact definitely overestimated, long-term…remains to be seen).

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Boeing Chief Dave Calhoun To Step Down

Retail Wire

The move will take place at the end of 2024.

ATS 147
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Starbucks Names First North America CEO, Doubles Green Store Count as Growth Push Continues

Retail TouchPoints

Starbucks has reorganized its global leadership structure as it moves forward with its “Triple Shot Reinvention with Two Pumps” growth strategy , which includes plans to expand its global footprint to 55,000 locations by 2030. The company also is touting the increasing number of those new stores that fall into its Greener Stores model, with 6,091 such stores now open around the world.

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“Southeast Asia still has a lot of potential to grow”: Zalora exec

Inside Retail

Following a strategic pivot that aims to bolster its business-to-business (B2B) platform services and e-commerce solutions, Zalora is poised to emerge as a key catalyst for growth in Southeast Asia’s wider retail sector. The stage is set for the online platform to harness the potential of its third-party services, which accounted for a notable 9 per cent of the company’s revenue last year.

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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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Retail Innovation Conference & Expo 2024: The Latest News on Sessions, Speakers & Experiences

Retail TouchPoints

Are you ready to explore the evolved customer journey? The Retail TouchPoints team is reporting on all the news breaking before, during and after the Retail Innovation Conference & Expo , taking place June 4-6, 2024, at McCormick Place in Chicago. This year, we’ll hear senior-level executives’ perspectives on how customer experiences are evolving as content, community and commerce converge.

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Vitality Brands acquires Kiwi beauty label Essano

Inside Retail

Australian skincare company Vitality Brands is to acquire Kiwi beauty brand Essano, which is projected to result in a $130 million annual turnover. The acquisition is expected to position Vitality Brands as a major independent natural beauty and wellness market player in Australasia and New Zealand. Essano will join Vitality Brands’ current portfolio of brands, including Epzen, Cancer Council sunscreen, and Tribe.

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Lowe’s Adds Shipt to Same-Day Delivery Options

Retail TouchPoints

Lowe’s has added Shipt to its roster of same-day delivery options, joining DoorDash and Instacart. In July 2023 , Lowe’s also expanded its same-day delivery offerings in a partnership with OneRail. This new Lowe’s partnership, covering the retailer’s 1,200 stores across the country, is Shipt’s first foray into the home improvement space. “As Lowe’s continues its omnichannel journey, expanding same-day delivery options helps us meet our customers where they are,” said Neelima Sharma, SVP, Digital

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Virgin Galactic Sued by Boeing Over Trade Secrets

Retail Wire

Aerospace company Boeing has taken space tourism startup Virgin Galactic to court, alleging theft of trade secrets and failure to cough up $25 million for their collaboration on a new "mothership" to ferry a sightseeing vessel into space.

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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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Italian fashion designer wins Shein global design contest

Inside Retail

Shein has named Italian fashion designer Eleonora Falcone as the winner of its Shein X Global Challenge 2024 among 10 finalists. Falcone’s Glowmantic collection received some of the highest votes from the public, pushing it to qualify for the finals. Falcone took home €10,000 (US$10,814). “Eleanora’s submission stood out right from the start,” Shein X Global Challenge 2024 judge Julien Fournié said. “When she presented her submission, inspiration and rationale at th

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Elon Musk’s X Needs Creators But Isn’t Yet Meeting Their Needs

Retail Wire

The social media platform X, previously known as Twitter, has been putting efforts into capturing the creator market. However, creators say X still has a long road ahead to become a main source of revenue for them.

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How To Improve Driver Safety Within Fleets

Retail Focus

Ensuring the safety of drivers within fleet operations is paramount for businesses that rely on vehicles for their day-to-day activities. With the increasing number of vehicles on the road, enhancing driver safety not only contributes to the well-being of employees but also significantly reduces operational costs related to accidents and insurance premiums.

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Trian Fund Management Withholds Votes in Disney Proxy Battle

Retail Wire

In the ongoing proxy tussle between Trian Fund Management and entertainment titan Disney, Nelson Peltz’s firm has opted to withhold its votes from Disney CEO Bob Iger.

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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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Easy Steps to Move Your Funds: A Beginner’s Guide

Retail Focus

In today’s world, managing and moving your money is an essential skill. Whether you’re paying bills, saving for a vacation, or sending money to a friend, knowing how to transfer money safely and efficiently is key. This guide is designed to help beginners navigate the process of moving their funds with ease. Understanding Different Methods to Transfer Money There are several ways to move your funds, like online transfers, bank wires, and mobile apps.

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Stellantis Recalls 285K Dodge and Chrysler Sedans

Retail Wire

Stellantis has announced a recall affecting nearly 285,000 Dodge Charger and Chrysler 300 sedans across the United States because the side curtain airbag inflators could break open.

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What are the next steps in Chemist Warehouse and Sigma’s proposed merger?

Inside Retail

The deadline for public submissions to the Australian Competition and Consumer Commission (ACCC) regarding the Sigma and Chemist Warehouse merger is mere days away, March 28, after which the ACCC is expected to deliberate and then announce its decision on June 13. A combined Chemist Warehouse and Sigma would have a market share of 26.2 per cent of the Australian pharmacy sector, making the new entity more than double the next largest, EBOS, which is currently the largest and most diversified Aus

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Chick-fil-A Will Have No More Antibiotic-Free Chicken

Retail Wire

Beginning this spring, Chick-fil-A will transition from antibiotic-free chicken to a new standard known as No Antibiotics Important To Human Medicine (NAIHM). This move comes as a response to supply concerns.

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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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Pricing and consumer perception: Why fast-fashion brands launch premium ranges

Inside Retail

The value of luxury and premium fashion goods is often in their design, storytelling and product quality. But recently, fast-fashion brands including Zara, H&M, Mango, Urban Outfitters and Topshop have been testing limited-run premium collections in addition to their regular and frequent product drops. These collections tap into three key tenets that higher-end brands typically use to justify their higher price point: fashion-forward designs, higher-quality materials and sustainable values.

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Ocado faces shareholder revolt over potential £15m CEO bonus

Retail Gazette

Ocado is facing a potential shareholder revolt over executive pay after an influential proxy adviser has encouraged investors to vote against the group’s new bonus scheme that could see CEO Tim Steiner receive as much as £14.8m. Institutional Shareholder Services (ISS) has recommended that shareholders vote against the online grocer’s new remuneration policy and performance share plan at next month’s annual meeting due to “material concerns” over the sum of money executives cou

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Unlocking retail's unsung heroes: The indispensable role of store managers as strategists

Retail Customer Experience

To combat the threat of manager attrition, forward-thinking retailers are more focused on store managers than ever.

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Ryman owner Theo Paphitis urges government to plug tax loopholes used by fast fashion giants

Retail Gazette

Ryman owner Theo Paphitis is the latest British retailer to call on the government for a clampdown on a tax loophole used by fast fashion giants such as Temu and Shein. The retail tycoon, who also owns Robert Dyas and Boux Avenue, said there was a “big slug” of companies avoiding customs bills in the UK by shipping individual orders directly from countries like China.

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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.