Tue.Jan 23, 2024

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Seen and Heard at #NRF2024: 5 Trends from the Big Show

Retail TouchPoints

Over five days and a growing portfolio of on- and off-site events, the National Retail Federation brought together more than 40,000 attendees and 1,000+ exhibitors in NYC. And after three years of pandemic aftershocks, industry experts confirmed what everyone in attendance felt (especially in their aching feet): the Big Show is officially back. The positive vibe of the show was largely driven by retail executives’ obvious eagerness to explore which new technologies would help them maximize custo

ATS 285
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Gami Chicken and Beer’s sales surge amid healthier options rollout

Inside Retail

Korean restaurant chain Gami Chicken and Beer saw its sales more than doubled in the second half of last year, upon the introduction of healthier menu options. The restaurant, first launched in 2006, saw sales growth of 172 per cent from June to December, thanks to the addition of individual menu items. Sales of the individual items surged 152 per cent during the period. “Gami Chicken has gradually introduced individual menu items such as Bibimbap, Kkochi Salad, Gochujang Chicken, and a Ga

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Walmart Shutters Store No. 8 Innovation Incubator

Retail TouchPoints

Walmart will reportedly shut down its Store No. 8 innovation unit, according to the Wall Street Journal and other media outlets, as the retailer seeks to cut costs and find new ways to develop and test new ideas. The division, which was formed in 2017 following Walmart’s acquisition of Jet.com , has been the incubator for initiatives including shopping via text message and a recently released software development kit (SDK) to make it easier to integrate Walmart commerce into games and apps.

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Retail Theft Prevention: Tips for Protecting Your Business

Tokinomo

In an era where retail theft is evolving into a sophisticated challenge, businesses across America are facing an unprecedented surge in shoplifting and organized retail crime (ORC). These shifts are not only impacting the bottom line of businesses but also altering the shopping experience for consumers nationwide.

Consumer 264
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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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Kogan’s gross sales decline, profit up amid shift to light-capital business

Inside Retail

Pureplay, listed online retailer Kogan said its gross sales fell in the first half of the current fiscal year amid inventory reduction as the company continues its evolution into a more light-capital business. Kogan’s gross sales fell 5.6 per cent year over year to $445.4 million in the first half ended December 31 last year. However, gross profit increased 42.1 per cent to $89.5 million and gross margin improved to 36 per cent.

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Causation or Coincidence? The Need for Incrementality Measurement in Retail Media

Retail TouchPoints

Retail media has been all the rage for the last couple of years, and for good reason. For retailers accustomed to a 10% margin, the 80% to 90% margins of a retail media network are extremely appealing. For the buy side, as privacy regulations and browser changes have come down on the traditional mechanisms for attaching audience data to media, retail media represents a saving grace.

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Apple’s Electric Car Project Titan Is Coming to Fruition

Retail Wire

The Apple electric car project, known as Titan, has been in the works for over a decade. However, it recently hit a critical juncture, prompting Apple to recalibrate its ambitions from an autonomous vehicle toward a more conventional electric car design.

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Next-gen innovations are paving the way for sustainable silk

Inside Retail

Scientists and innovators are working towards creating a new generation of silk fabrics that can match the textile’s positive attributes without harming the environment, according to the latest report from the Material Innovation Initiative (MII). “Fashion designers love to use silk,” said Thomaine Dolan Dow, director of materials innovation and design at MII.

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$200 Annual Date Night Pass Launches at Applebee’s

Retail Wire

Applebee's has just launched a new unique offer: a date night pass that costs $200 and covers about a year of weekly date nights.

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What’s love got to do with it? Retailers rethink Valentine’s Day campaigns

Inside Retail

Valentine’s Day is right around the corner and retailers are already gearing up for one of the most commercially viable days of the shopping year. While Valentine’s Day has traditionally been marketed towards those in romantic relationships, efforts to broaden the scope of the holiday to include friends, pets and even oneself, have created new opportunities for a wider range of businesses to get involved.

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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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Walmart Closes Its Store No. 8 Experiment

Retail Wire

Walmart has decided to close down Store No. 8, which served as an incubation center for fresh tech ideas.

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What is the say-do gap, and what does it mean for sustainable retailers?

Inside Retail

In a climate-conscious society, brands are looking to become more sustainable for many different reasons, and businesses across sectors, from fashion to furniture to fast-moving consumer goods, are exploring the circular economy as part of this. Almost 200 countries have signed the Paris Accord to limit global warming to 1.5 degrees, Australia being one of them.

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All About the Hot Money Trend Loud Budgeting

Retail Wire

The term gives a trendy name to an old concept, penny pinching.

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Lidl invests £37m in staff pay increase

Retail Gazette

Lidl is investing £37m into staff pay, which will see 26,000 hourly-paid colleagues receive the “highest rates of pay” in the sector. The discounter is increasing entry level rates for staff outside of the M25 from £11.40 to £12, rising to £13 with length of service, and those working within the ring road, from £12.85 to £13.55 and increasing to £13.85 over time.

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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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Target Workers Terminated for Buying Popular Stanley Cups

Retail Wire

A limited-edition Stanley Quencher cup was briefly on sale at Target for $50, but some employees are paying a bigger price for them.

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‘It’s a tough industry out there’: A look at the furniture supply chain’s challenging year

Retail Dive

Operational headaches have contributed to financial failures among some suppliers. That has created problems for retailers — and opportunities.

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Co-op unveils plans to hit 8m members by 2030

Retail Gazette

The Co-op has unveiled plans to boost its number of members from 5m to 8m by 2030. The retailer has set the target as membership numbers rose ahead of expectations, jumping nearly 15% on last year, according to the business. The convenience giant also saw a 21% rise in its members shopping with Co-op during December. It is targetting a larger share of the convenience market via omnichannel growth, with plans to acquire new stores, more than double its number of new franchise stores, open 400 Nis

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Everlane CEO jumps to Designer Brands

Retail Dive

Andrea O'Donnell, who was named brands chief, has a range of merchandising and brand-building experience, including at Deckers and LVMH-owned DFS Group.

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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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Johnson & Johnson To Pay $700M in Talc Baby Powder Controversy

Retail Wire

In a major development, Johnson & Johnson has agreed to pay $700 million. This hefty sum is to settle an investigation led by over 40 U.S. states regarding the safety of J&J's talc baby powder and other talc-based products.

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Beyond Yoga taps Old Navy, Athleta veteran Nancy Green as CEO

Retail Dive

Co-founder Michelle Wahler will step down next month. Chief Operations Officer and Chief Financial Officer Jesse Adams is also leaving.

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KeyStore retailers highlight benefits of Filshill’s EPOS system

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Many KeyStore owners have adopted the system which offers huge benefits and enables retailers to stay on top of their business wherever they are – in the shop, at home, and also on the move. For Tony and Rachael Hewson, however, the technology has also helped convict a shoplifter who targeted their KeyStore Middleham store […] If you want more info

Shopping 111
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ExtraMile pilots AI-powered ‘digital human’ and signage displays

Retail Dive

The California-based c-store retailer has partnered with Samsung on a new program at three of its locations as it digs deeper into technology.

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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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Aldi to create 500 new apprenticeships roles this year

Retail Gazette

Aldi said it will create up to 500 apprenticeship roles across the UK this year. The discounter said that applications for its scheme have opened, with roles going across stores, buying, logistics and HGV driver roles. Aldi said store apprentices can earn £8.44 an hour in the first year, rising to £11.83 per hour in their third year with paid breaks.

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The surprising reason Tractor Supply has embraced AI

Retail Dive

CEO Hal Lawton said the retailer is investing heavily in the generative tech, and that its most important purpose is old-fashioned customer service.

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Victoria Centre Welcomes Fashion Powerhouse H&M This Spring

365 Retail

Nottingham’s Victoria Centre is set to expand its retail roster with the addition of H&M this Spring. The centre, under the ownership of SGS and managed by Global Mutual with Savills overseeing property management, has confirmed that the Swedish retailer will be relocating from its current Lister Gate location. The new H&M outlet is strategically positioned in the lower mall of the Victoria Centre , occupying the space formerly held by Topshop.

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Every store is a flagship

Retail Dive

Most stores have no vibe because retailers lost sight of what makes people get off the couch, according to WD Partners' Lee Peterson.

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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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Lidl GB Elevates Employee Wages in £37 Million Payroll Expansion

365 Retail

Lidl GB has unveiled a substantial £37 million investment in employee remuneration. This move elevates the company to the position of offering the highest hourly pay rates in the industry for its store and warehouse staff. The announcement comes on the heels of a remarkably successful Christmas trading period. Effective from March 1st, the hourly rates for Lidl GB’s entry-level positions will experience a notable increase.

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Shipt unveils Innovation Lab, expands retail business accelerator

Retail Dive

Experimentation in key areas, such as drone delivery and digitizing end caps, is a growth opportunity to drive more connection with customers, said a company vice president.

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Enabling connected shopper journeys through AI

Retail Customer Experience

Supporting the connected journeys now essential for retailers requires overhauling outdated digital workflows struggling to uphold continuity standards. Adopting an AI solution enables automation, personalization and analytics to facilitate consistent messaging and experiences.

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Amer Sports eyes $8.7B valuation in IPO

Retail Dive

The retailer, which owns Wilson and Arc’teryx, is looking to raise up to $1.8 billion in its public market debut.

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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