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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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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Zenni Optical Partners with Eyebot to Deploy Vision Testing Kiosks

Retail TouchPoints

Zenni Optical and Eyebot will deploy 10 Eyebot S1 kiosks, which provide rapid vision tests that take just 90 seconds , in high foot traffic locations to increase accessibility to eye care — particularly for those that face barriers to obtaining in-person vision tests. The first two kiosks are located at Boston-area malls; eight more will be deployed throughout New England in the coming weeks and into 2025.

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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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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.

ATS 264
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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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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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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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Bloomingdale’s Expands Small-Format Bloomie’s Concept with New Location in NJ

Retail TouchPoints

Bloomingdale’s will open its fourth small-format Bloomie’s store on Nov. 14, 2024, at The Grove Shopping Center in Shrewsbury, N.J., joining the three existing locations in Seattle; Fairfax, Va.; and greater Chicago. The newest Bloomie’s location will be the first to carry an all-women’s assortment , including a curated collection of contemporary ready-to-wear, accessories, beauty and fine jewelry.

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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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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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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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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

ATS 147
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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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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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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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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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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

ATS 130
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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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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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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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‘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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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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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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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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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

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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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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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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.

ATS 130
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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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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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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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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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Robots transforming how customers shop, early adopters reaping benefits

Retail Customer Experience

The integration of robots in retail is not just a passing trend—it’s the future. Shoppers, especially frequent ones, are demanding more from their retail experiences, and robots are a big part of the solution.

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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.