Fri.Aug 30, 2024

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How to measure emotion: The new metric for success in experiential retail

Inside Retail

Picture this: You walk into a store, drawn in by an eye-catching window display. As you enter, you’re greeted by a subtle scent that evokes memories of home and music that get you feeling adventurous. A friendly staff member offers you advice on new products to explore. You try on a jacket using an augmented-reality mirror that shows how it looks in different settings.

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Amazon Will Reportedly Charge a Monthly Fee for Claude AI-Powered Alexa

Retail Wire

Amazon is releasing a new version of Alexa in October, which will possibly use Anthropic's Claude.

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MFG co-CEO Marcus Bartlett talks The Trybe acquisition and omnichannel growth

Inside Retail

A few weeks before Accent Group approached Munro Footwear Group (MFG) about acquiring its kids’ shoe business The Trybe, the privately held company’s co-CEOs Marcus Bartlett and Jay Munro discussed the same idea. “[We] had been walking some shopping centres, and we did make reference to, ‘It’d be great to get our hands on something like The Trybe,’ because it does fit a couple of gaps for us,” Bartlett told Inside Retail.

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Subway Announced a $6.99 Sandwich Deal. Here’s Why Franchisees Are Furious About It

Retail Wire

Subway's latest deal has franchisees worried about their bottom lines.

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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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Harvey Norman’s net profit plunges 34.7 per cent

Inside Retail

Harvey Norman ‘s net profit and revenue fell amid inflationary pressures in the last fiscal year. The furniture and electronics retailer’s profit declined 34.7 per cent to $187.1 million as revenue slid 3.9 per cent to $4.11 billion. Its franchising operations segment’s revenue fell 8.9 per cent to $971.2 million while the overseas company-operated retail segment grew 1.2 per cent to $2.63 billion.

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Participants Announced for Goldman Sachs 31st Annual Global Retailing Conference

Retail Wire

Goldman Sachs will be holding its Goldman Sachs 31st Annual Global Retailing Conference in early September with a variety of participants across different days and times depending on the retailer or business.

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IKEA Breaks World Record for Pajama Gathering, Launches Year-Long Sleep Initiative

Retail Wire

On its official website, IKEA has recently set a new Guinness World Record for the biggest gathering of people wearing two-piece pajamas in a single venue, with 2,052 employees participating in the event in Älmhult, Sweden.

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Blue Diamond Growers Cracks the Supply Chain ‘Nut,’ Saves $1 Million in Annual Transportation Costs

Retail TouchPoints

Businesses across multiple industries have felt the intense supply chain pressures brought on by COVID for nearly five years now. As a result, 86.2% of businesses have spent the last few years working to “de-risk” their supply chains, according to the National Association of Manufacturers. Blue Diamond Growers , the world’s largest almond cooperative, has been investing in reducing this risk and creating a more resilient supply chain.

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Dutch Bros Coffee Teams Up With Owala

Retail Wire

Dutch Bros Coffee and Owala have teamed up to launch a special edition water bottle named the Always Stoked FreeSip Twist, set to debut on October 4, 2024. This collaboration merges Dutch Bros' vibrant coffee culture with Owala’s popular water bottle design, known for its versatility and style.

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Navigating the Future of Loyalty: Innovative Strategies for Engagement, Rewards and Unveiling the Differences Ahead

Retail TouchPoints

Loyalty programs have long been a staple of the business world, offering incentives and rewards to engage and retain customers. However, as consumer expectations evolve and technology advances, these programs are undergoing a significant transformation, with brands on the hunt for seamless backend solutions to help them foster lasting connections that transcend the transaction.

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

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Amazon Fresh Debuts 4 New Stores

Retail Wire

Four more Amazon Fresh stores have opened, all in one day.

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Benefits of AI in retail

Retail Customer Experience

Artificial intelligence technology is on the cusp of huge adoption and the prime reason are all the benefits AI brings to retail.

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Bruno Marc Releases New Lineup of Shoes

Retail Wire

Bruno Marc has shared information about its Flex Oxford Collection, a new line of men's footwear that combines the classic sophistication of Oxford shoes with the modern tech of sneakers.

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August retail footfall holds up despite riot disruption

Retail Gazette

The riots at the start of the month failed to impact retail footfall as the warmer weather and start of summer sales prompted consumers to hit the shops. Total UK shopper visitors dropped 0.4% last month, down from a decline of 3.3% in July, the British Retail Consortium (BRC) reported. Retail parks were the hardest hit destinations, falling 2.6% in August, down from -0.8% the month before.

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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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Here’s Why Grocery Prices Are So High According to National Grocers Association

Retail Wire

There's are many reasons why essentials have gone up in price.

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CBRE Arranges $34 Million Sale of Retail Center in Poughkeepsie, New York

Shopping Center

Poughkeepsie, N.Y. — CBRE has arranged the $34 million sale of Hudson Heritage, a retail center located in Poughkeepsie. ShopRite anchors the property, which totals 120,499 square feet. Other tenants at… The post CBRE Arranges $34 Million Sale of Retail Center in Poughkeepsie, New York appeared first on Shopping Center Business.

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Dell’s Second Quarter Revenue Boost Fueled by Increased Demand for AI Servers

Retail Wire

Revenue for Dell's server unit was up 80% in Q2 FY2025 as businesses increase spending on AI technology.

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A slowing women’s business is hurting Lululemon’s growth

Retail Dive

While CEO Calvin McDonald said the Breezethrough leggings debacle had a “negligible impact” on its sales, the brand continues to suffer from other merchandise misses.

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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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Krispy Kreme Is Offering a Dozen Doughnuts for $2 This Labor Day. Here’s How To Get Them

Retail Wire

Krispy Kreme has a great Labor Day promo for patrons.

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Best Buy revenue falls 3% in Q2

Retail Dive

The electronics retailer is updating in-store merchandising across multiple categories as it increasingly competes with big-box rivals for market share.

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Navigating the Complexities of Different Markets, Particularly When Expanding Overseas

LS Retail

©iStock/NicoEINino Businesses that are growing internationally face a constant struggle: They have to establish global consistency in their marketing message, but they must also localize it for various regions. Although many businesses opt to manage their marketing and creative internally, it can be a challenging and resource-intensive task. Navigating the complexities of different markets, particularly when expanding overseas requires many considerations.

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Dollar General sees ‘cash-strapped consumer,’ cuts guidance

Retail Dive

The company said its core base of lower-income shoppers had less to spend, as it reported top-line results that were below expectations for Q2.

Consumer 101
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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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Comment on Developing an Omni-Channel Marketing Plan – Part 1 Strategic Planning by registro na binance

Cross Cap

This post is focused on Strategic Marketing Planning which is the first step within the planning phase of implementing an omni-channel marketing plan.

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The Weekly Closeout: Pacsun names CFO, Abercrombie posts ‘record’ Q2 net sales

Retail Dive

The teen retailer hired BowFlex, Inc. veteran Aina Konold, while the apparel company saw sales increase 21% year over year to $1.1 billion.

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10 Little (retail) Life Lessons

Retail Adventures

Things can get pretty intense sometimes. Between clients and prospects and promises and deadlines, it’s easy to get lost in the minutia of the everyday. And that’s not good, for us or for our business. We have a chalkboard wall so we can keep track of our musings, rants, and advice to one another. In no particular order, here are our favorites: 1. Do something out of the ordinary.

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Gap Inc. CEO: ‘We’re running a fundamentally stronger business’

Retail Dive

The retailer gained share in Q2, with Old Navy and namesake Gap making strides. Can the momentum continue?

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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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Primark marks milestone 450th store as it opens its doors in Orlando, Florida

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Primark, the international fashion retailer, has today opened the doors to its 450th store in Orlando, Florida. The milestone coincides with Primark’s 55th anniversary when founder Arthur Ryan opened the first store in the summer of 1969 in Ireland.

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Asos unveils mystery change to free returns policy

Retail Gazette

Asos has announced a change to its returns policy, leading to speculation it could be axing free returns. In an email to its premier and non-premier members over the weekend, the ecommerce platform said it would be making changes to its “fair use policy in relation to returns” during the next couple of weeks, Sky News reported. The email added that the new policy would only apply to a “small group of customers” Asos email, Sky News Related Story Schuh steps up disability

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The Curators Original Salted Pork Puffs launch into Waitrose 22 September

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Supercharged savoury snack brand, The Curators, who deliver knock-out flavour and power-packed nutrition, announces the launch of its award-winning Original Salted Pork Puffs, priced at £1.25, into 120 Waitrose stores nationwide, from 22 September.

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Charles Tyrwhitt announces the opening of its first store in Belfast

A1 Retail

British menswear brand, Charles Tyrwhitt, opened its 9th store in 18 months in the city of Belfast on Thursday 29th August 2024. The Belfast store is the first for the brand in Northern Ireland. Situated in one of Belfast’s oldest and busiest streets, Charles Tyrwhitt’s new location on Arthur Street will showcase the brand’s collection of menswear. The new location will be open 7 days a week, offering a seamless shopping experience with Tyrwhitt charm around the store.

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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.