Thu.Oct 17, 2024

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Wiser Use Case: How One Pure-Play Retailer Revolutionized Pricing Strategy

Wiser

The eCommerce landscape is fiercely competitive, and effective pricing strategies can make or break a retailer’s success. For one rapidly growing pure-play retailer, staying ahead of the competition meant rethinking their approach to pricing. Faced with challenges like inaccurate competitor matches and incomplete data from their previous solution, they turned to Wiser for a more robust solution – and it transformed their business.

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Generative AI in a New Retail Era: 3 Areas to Focus on for Immediate Impact

Retail TouchPoints

According to Cognizant’s recent study with Oxford Economics, generative AI is expected to have a $1 trillion impact on the economy by 2032. In particular, generative AI is revolutionizing the shopping landscape to create more personalized and memorable experiences for consumers. As retailers come to terms with the boundless potential of generative AI, Cognizant has identified three key areas where this technology will make the most significant and immediate impact: commerce, marketing and custom

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Amazon Enters the Nuclear Energy Arena

Retail Wire

Amazon has signed agreements to advance nuclear energy projects as part of its strategy to meet rising energy demands and transition to carbon-free power.

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Foot Locker Ups its Influencer Game with New Creator Platform, Chicago Bulls Partnership

Retail TouchPoints

Foot Locker is driving home is connection to sport culture with a series of new initiatives, including the debut of a platform to scale its creator marketing efforts and a multi-year partnership with the Chicago Bulls that will include events, in-store activations and behind-the-scenes content. Leveraging Creators to Connect with Sneakerheads In partnership with Impact.com , Foot Locker has launched Foot Locker Storefronts , a platform that helps connect qualified creators with the retailer in o

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NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot

I’m getting in touch with the news that fashion retailer, Gina Trictot, has achieved 98% inventory accuracy thanks to its partnership with SML RFID. Please see the full press release below, including exclusive quotes.

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Tesla’s Optimus Robot Draws Criticism

Retail Wire

At its recent "We, Robot" event, Tesla put on a show with its newly designed robotaxi and Optimus humanoid robot. Just days after, new information about Optimus has come to light, and skeptics are sharing their opinions online.

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Harvey Norman loses Asic case over misleading finance claims

Inside Retail

The Federal Court has ruled that Harvey Norman, along with Latitude Finance Australia, made false and misleading financial claims in a national advertising campaign. The campaign, which ran from January 2020 to August 2021, was for a 60-month interest-free and no-deposit payment method. Customers were required to take out a credit card, such as the Latitude Go Mastercard, to purchase goods.

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More Trending

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BP unveils its new convenience store format 

Inside Retail

BP has unveiled its renovation at Caboolture North, its largest service station in Australia, with the goal of providing better experiences for drivers. Caboolture North’s renovation is part of BP’s national effort to refurbish more than 400 company-owned sites across Australia. The project demonstrates the style and design of refurbishments to come.

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Subway’s New Ghost Pepper Bread Raises the Heat of Its Most Iconic Sandwiches

Retail Wire

Subway is upping its sandwich game by bringing the heat to its culinary creations with Ghost Pepper bread.

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RM Williams opens third UK store in Marlow

Inside Retail

RM Williams has opened its third UK store in Marlow, Buckinghamshire, the company’s first store outside Australia since 2017. The store joins RM Williams’ existing locations in London’s New Bond Street and Berwick Street, Soho.  Another UK store will open in Cambridge in December. The luxury footwear and accessories retailer has partnered with British artisans Timberwoolf, Morgan, Eclipse Manufacturing, and Rush Matters for the furniture and window plinths of the new Marlow sto

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Amazon Invests in 3 Nuclear Projects to Expand Renewable Energy Portfolio

Retail TouchPoints

Amazon has anchored a Series C-1 financing round of approximately $500 million in X-Energy Reactor Company , which manufactures advanced small nuclear reactors (SMRs). The companies are collaborating to bring more than five gigawatts of new power projects online by 2039; additionally, Amazon has signed deals for building SMRs with Washington State’s Energy Northwest and Virginia’s Dominion Energy.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

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ALDI Debuts Thanksgiving Day Bundle: $47 Meal for 10

Retail Wire

ALDI is supporting its customers by allowing them to get a lot and spend a little this holiday season.

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Ikea Shows Support for LGBTQ+ Community by Furnishing Resource Room at Howard U.

Retail TouchPoints

Bucking the mini-trend of brands moving away from diversity, equity and inclusion initiatives, Ikea has furnished a redesigned resource room for LGBTQ+ students at Howard University. The ribbon-cutting for the new space was held at the school’s Lavender Gala on Oct. 16, an event that honors the contributions of LGBTQ+ students and allies. “At Ikea, we believe in creating spaces where everyone feels welcome and valued,” said Ciannie Rodriquez, Equality, Diversity and Inclusion Manager at Ikea U.S

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Lay’s Brings Back ‘Do Us a Flavor’ Chip Contest With $1M Prize Pot

Retail Wire

Get creative, win big money, and have your winning combination featured as a new potato chip flavor.

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Ferragamo sees revenue drop for third quarter

Inside Retail

Italian luxury label Ferragamo has reported a decline in revenue for the third quarter this year, which CEO and GEM Marco Gobbetti attributed to several macroeconomic challenges, particularly in the Asia Pacific. “Decreasing consumer confidence is most notable in the Asia Pacific, which is the main phenomenon impacting our sales performance,” said Gobbetti.

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How to Maximize Amazon Sales and Crush the Competition

With over 9 million sellers on Amazon, online marketplaces are more crowded than ever. Whether you’re looking to fine-tune prices in real-time or align strategies across channels, this guide provides the tools to understand how to maximize sales and secure a lasting competitive edge. Download now to transform your pricing strategy and drive holiday success.

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The McDonald’s McRib Is Back for a Limited Time. Here’s the History of This Popular Sandwich

Retail Wire

McDonald's is bringing back the McRib, but there's a catch.

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J Crew, Macy’s discuss customer data, product mix at Shoptalk Fall day two

Inside Retail

The second day of ​​Shoptalk Fall was just as lively and enlightening as day one of the conference. Running from October 16-18, the retail event in Chicago has attracted big players in the retail industry, including, J Crew’s chief information officer Danielle Schelkin, Walmart’s EVP of fashion and private brands Denise Incandela, Macy’s SVP of private brands Emily Erusha-Hilleque, True Religion’s CMO Kristen D’arcy and Pinterest’s vice president of global business marketing Stacy Ma

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‘Click-to-Cancel’ Rule Cracks Down on Unwanted Subscriptions

Retail Wire

After years of complaints, the FTC has announced a click-to-cancel rule.

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JB Hi-Fi, Home Timber & Hardware and the case for staying the creative course

Inside Retail

Brand creative often falls into one of two categories. It’s either a constant source of joy or frustration. The bulletproof comms platform that the punters love or the revolving door of meh that doesn’t resonate with customers costs you confidence on the inside or both, depending on your setup across internal stakeholders and external partners. Once you get on that hamster wheel, jumping off can feel impossible.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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Modern Fashion House, REISS, opens debut South-West Store at Gloucester Quays

Retail Focus

Peel Retail & Leisure has announced that attainable-luxury fashion brand, Reiss, has opened a store at Gloucester Quays. As its first-ever store in the city, and only outlet in the South-West, the popular retailer joins the top 10 UK outlet’s extensive roster of leading fashion brands. Reiss’s Gloucester Quays store has opened opposite The North Face and next to Skechers, occupying 1,800 sq ft.

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99Bikes drives 6 per cent of total digital revenue from Wunderkind

Inside Retail

Established in 2007, 99Bikes is Australia’s largest bicycle retailer, with over 60 stores nationwide. Since launch, the brand has grown exponentially, both online and offline, powered by its commitment to being the “most approachable” bike retailer, going above and beyond for customers to deliver a great experience. The 99Bikes website is an extension of the retailer’s stores, often acting as the first touch in a customer’s purchase lifecycle.

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Retail Insight powers international growth plans with the appointment of CRO, Richard Collins, and CFO, Peter Rooken-Smith

Retail Focus

Retail Insight , the leading provider of store operations execution software, has announced two senior executive appointments to accelerate its international growth trajectory. Former senior sales leader at Buy Now Pay Later (BNPL) brand, Hokodo, Richard Collins joins as Chief Revenue Officer (CRO), while Peter Rooken-Smith is appointed as Chief Financial Officer (CFO).

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Temu’s Southeast Asian expansion hits a snag: Understanding Indonesia’s ban

Inside Retail

As a pre-emptive measure to protect the country’s small and medium-sized businesses from the potential influx of low-priced products, Indonesia’s government required Alphabet’s Google and Apple to block the Chinese e-commerce platform Temu in their mobile app stores in the country last week. The company’s registration in Indonesia was reportedly rejected earlier this year.

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A Blueprint for B2B Commerce

In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

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Essential Safety Tips for Workplaces in Winter

Retail Focus

Winter comes with its own set of hazards – whether in a personal or a professional capacity. The days become darker, meaning less visibility and increased vulnerability to hazards. Rainfall is more frequent and the lack of warmth means that objects get wetter, creating a risk of damp and mould formation. Furthermore, cold parts of the world compound this problem by creating icy surfaces, which are dangerous to navigate for both people and cars.

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Why this CEO is challenging more leaders to measure their impact beyond ROI

Inside Retail

As business leaders, we recognise that leadership is a privilege – it’s our opportunity to enrich the lives of others. We often consider our key stakeholders to be our team, business partners and consumers; but what if you could transform the lives of thousands of underprivileged people, not because there is anything in it for you, but just because you can?

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Robinhood’s Legend Designed for Sophisticated Stock Traders

Retail Wire

Robinhood's Legend platform will hopefully attract investors looking to trade options and futures.

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N Brown to be bought by Alliance family in £191m deal

Retail Gazette

N Brown is set to be taken private by the Alliance family, which helped build the home shopping group, after they made a recommended £191m offer for the business. Joshua Alliance, who is a non-executive director of N Brown, made an offer at 40p per share through the acquisition vehicle Falcon 24 Topco, which represents a premium on the Simply Be and Jacamo owner’s last closing price of 27p and an average price of less than 20p over the past year.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

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Boar’s Head Listeria Outbreak Prompts USDA Watchdog Investigation

Retail Wire

Boar's Head has been having many issues with its deli meats as of late.

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Sainsbury’s trials larger self-checkout tills to boost efficiency

Retail Gazette

Sainsbury’s is piloting larger self-checkout tills as a replacement for human cashiers, following its CEO’s remarks about the need to make stores “more efficient” The grocery giant said it would test new hybrid self-checkouts featuring conveyor belts for customers to place their items on, as well as designated areas for bagging purchases, although shoppers will still need to scan their own items.

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Kohl’s adds digitally native cashmere brand Naadam to its assortment

Retail Dive

The brand’s “Soft Collection,” which is its first designed for a mass channel, will land in 100 of the department store’s locations and online on Nov. 8.

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Lufthansa Fined $4 Million by DOT for ‘Discrimination’ Against Jewish Passengers

Retail Wire

Lufthansa had to pay a record fine.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!