Sun.Sep 15, 2024

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Kevin Hart’s Vegan Restaurants Have Abruptly Closed After 2 Years. What Went Wrong?

Retail Wire

Kevin Hart ran Hart House, but not even he could keep his restaurants open.

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Samsung, Xiaomi accused of colluding with Amazon, Flipkart

Inside Retail

Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart’s Flipkart to exclusively launch products on the e-commerce firms’ Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters. Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon and Flipkart violated local competition laws by giving preference to select sellers, prioritising certain listings, and steeply discounting prod

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Boeing Strike Continues; Updates and Predictions

Retail Wire

Just days ago, a Boeing strike brought the commercial airline's production to a halt when approximately 33,000 workers, predominantly in Washington state, walked off the job. The strike followed the rejection of a proposed four-year agreement between Boeing and the International Association of Machinists (IAM) union. This marked the first strike at Boeing since 2008.

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Cost-of-living increases in Singapore: how can  retailers respond?

Inside Retail

Singapore’s retail landscape experienced a notable downturn in July, with sales figures dropping by 2.3 per cent after excluding motor vehicles from the data. A closer examination of the retail sector reveals a widespread impact across various categories. In July, nine out of the 14 retail categories monitored recorded a year-on-year decrease in sales.

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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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Panera’s Latest Viral Brawl Proves the Company Has an Image Problem

Retail Wire

Panera has had a faltering image in recent times.

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Asda chair: Government should reform benefits system to fix UK’s worklessness crisis

Retail Gazette

Asda chair Lord Rose has urged the Government to reform the benefits system to get more people into work. According to the Office for National Statistics, 2.8m people of working age say long-term sickness means they are unable to work, up from 2.2m before the pandemic. Lord Rose, a former M&S boss and Ocado chair, told The Telegraph: “We must increase productivity.

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Is Under Armour’s expensive comeback plan a doomed path?

Inside Retail

At one point, Under Armour was considered the athletics apparel brand of champions and sportswear enthusiasts, being second only to sportswear giant Nike. The US-based brand launched in 1996 and its stock price peaked at US$52.05 in 2015, when revenue hit US$3.9 billion, marking a 28 per cent increase over the year prior. This year, however, as of September 11, shares of Under Armour have fallen 23 per cent over the past year and are down 87 per cent from their high in 2015, erasing US$18 billio

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Powerball Results: No Jackpot Winners; Prize Breakdown

Retail Wire

In the latest California Powerball draw, the winning numbers were 29, 34, 38, 58, 56, and the Powerball 16, but no tickets matched all five numbers plus the Powerball, leaving the jackpot at $152 million for the next drawing.

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U.S. Tax Reform Can Fuel AI and Cybersecurity Innovation

Cisco Retail

As the U.S. Congress thinks about the parameters of a 2025 tax package, several areas could significantly shape innovation in AI and cybersecurity and serve as a catalyst for beneficial technology breakthroughs.

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Top 5 Customer Service & CX Articles for Week of September 16, 2024

Hyken

Each week, I read many customer service and customer experience articles from various resources. Here are my top five picks from last week. I have added my comments about each article and would like to hear what you think too. Beat Your Best Quality Scores – 15 Quick Wins by Megan Jones (Call Centre Helper) Improving quality scores in customer service is an ongoing process that requires dedication, effective communication, and continuous training.

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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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Data: Retailers suffer £220m sales hit from tourist tax

Retail Gazette

The loss of tax-free shopping for tourists in the UK cost retailers in London’s West End £220m in unrealised sales in the first half of this year, new research has found. Data from the New West End Company estimate that retailers in the area are on course to suffer a bigger financial hit this year than the £400m in unrealised sales last year, despite the rising number of international visitors.

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Comment on Guide To Analyzing The Overall Lift Of A Retail Promotion by "oppna binance-konto

Cross Cap

One of the most popular posts on our blog is the '3 strategies for measuring sales lift', and we've received numerous requests for a follow up on the topic. So, with this post we'd like to take this further and discuss how retailer marketers should actually analyze the overall performance of a promotion.

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Boden ‘back on course’ after losses double

Retail Gazette

Boden has insisted its recovery is “well underway” despite revealing its losses last year had more than doubled. The clothing and lifestyle retailer posted a loss of £9.4m in the year to December 2023, compared to the £3.9m in losses it racked up the year prior, Drapers reported. Sales plunged 13% to £304.5m, dragged down by a sharp downturn in performance in the second half of 2022 that continued into 2023.

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How To Choose The Right Sales Training Software

Retail Minded

Sales training gives your team the tools they need to handle tricky sales processes, build strong connections with prospects, and close deals successfully. Plus, research shows that sales training tools can bring a return on investment of over 300% (1). Finding the right sales training platform can make all the difference in achieving such results. In this article, we’ll guide you on how to choose the right training tool for your sales reps.

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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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Comment on Marketing Calendar Software | Comprehensive Feature Checklist by binance registration

Cross Cap

Looking for a better way of managing and consolidating your marketing activities? Check out this summarized marketing calendar software feature checklist to understand what features your business can benefit from.

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Enhancing Retail Efficiency Through Modern Technology Solutions and Process Automation

Retail Minded

Retailers are always looking for ways to improve how they run their stores. They want to save money, work faster, and make customers happy. Modern technology and process automation are helping businesses achieve this. From managing stock to serving customers, technology allows retailers to make their jobs easier and focus on giving shoppers a great experience.