Fri.Dec 29, 2023

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How to Balance Cash Drawers Quickly and Accurately

Star Miconics

Despite what you might have heard, operating a successful business depends on effective cash management. Yes, the use of digital payments is growing, and it’s not something to be ignored, but the relevance of material currency persists. Because of the importance of cash, the seemingly tedious task of balancing cash drawers is an indispensable business operation.

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Sneaker and Sportswear Ecommerce: the ‘Non-Luxury’ Luxury Apparel Leader 

Retail TouchPoints

The humble sneaker has long been a staple item in closets everywhere for consumers of all ages. The consistent appeal of sneakers and sportswear has grown in recent times with customers, particularly from the Gen Z demographic , continuing to favor them as everyday items for leisure and now work. With the growing popularity of the ‘athleisure’ trend, brought on by a renewed focus on both comfort and style, sneakers and sportswear look set to dominate retail for years to come.

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2023 Bowl Season’s Pop-Tarts & Food Bowl Games Are Underway

Retail Wire

The college football bowl season of 2023 marked the continuation of unique post-game celebrations involving food items.

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New data from sustainability experts at DASH Water reveals the food products with the highest and lowest secondary carbon emissions

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! As the New Year approaches, many of us are reflecting on our habits and setting resolutions for positive change. One impactful and easily adoptable resolution is embracing sustainable grocery shopping. The average person spends £28.23 on household food and (non-alcoholic) drink supplies per week, totalling £1,467.96 annually.

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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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BlendJet’s Portable Blender Recall Involves Nearly 5 Million Products

Retail Wire

BlendJet Inc., a reputable name in the industry, has announced a recall affecting approximately 4.8 million portable blenders. These blenders were previously sold in prominent retail outlets such as Costco, Target, and Walmart. This recall follows an alarming number of reports regarding malfunctions, including blades detaching, overheating, and in some cases, even fires.

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Global Market Entry Strategies for 2024

LS Retail

©iStock/metamorworks Earlier this year, Elon Musk’s Starlink expanded operations into Nigeria – Africa’s largest country. In 1990, McDonald’s explored Russia and opened its first outlet in Moscow. In 2006, Vodafone – a UK-based company – launched in Italy. Why? Find out here to discover how you too can enter international markets.

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Consumers could return $82.1B worth of holiday merchandise, survey finds

Retail Dive

To address the rising cost of returns, 44% of retailers have increased return or restocking fees, according to CBRE and Optoro.

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‘Streamflation’ Is Becoming the New Streaming Norm

Retail Wire

As we witness a major change in the entertainment landscape, the biggest names in streaming services have marked 2023 with extensive changes to their pricing plans, especially their ad-free bundles.

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Aldi slashes food waste by almost 60% and sets new 2030 target

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Aldi has announced a 57% reduction in its food waste*, meaning it has hit its 2030 target eight years early. The UK’s fourth-largest supermarket announced this latest milestone as it published its inaugural sustainability report, which offers insights into the work Aldi is doing that contributes to society and the planet, while maintaining its commitment

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The San Diego Auto Show Returns for 2023

Retail Wire

This weekend, San Diego will be brimming with automotive enthusiasm as the San Diego International Auto Show rolls into town.

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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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In The Style founder steps down as brand ‘turns a corner’

Retail Gazette

In The Style CEO Adam Frisby has stepped down from the fast fashion firm he founded 10 years ago. Frisby, who agreed to return to the CEO position when In The Style was sold to private equity firm Baaj Capital earlier this year in a move that staved off administration, said his decision had been made as the business had now “turned a corner” and was back to profitability.

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Archetype Acquires Cheddar News From Altice USA

Retail Wire

Archetype, a prominent media company run by private equity firm Regent LP, has recently acquired the business news streaming platform Cheddar News.

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Look Back: Top retail customer experience blogs of 2023

Retail Customer Experience

RetailCustomerExperience is home to wide-ranging blogsphere. Here’s a look at top blog contributions during 2023.

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Google Privacy Lawsuit Over Incognito Mode Has Been Settled

Retail Wire

The Google privacy lawsuit reached a recent settlement and underscores the importance of user privacy and the ongoing debate surrounding it.

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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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Decathlon challenges UK staff to ‘moving meetings’ to combat winter slump

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Decathlon, the world’s leading sports retailer, is redefining the workday with its latest initiative: ‘Moving Meetings.’ Launched in collaboration with RED January, the active workplace strategy encourages employees to step into a healthier, more dynamic routine.

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L’Oreal Heiress Is the First Woman To Amass $100B Fortune

Retail Wire

Francoise Bettencourt Meyers lands as the 12th richest person in the world and the first woman to amass a fortune worth $100 billion.

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Tesco to make big change to cold and flu season favourite

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! With cold and flu season in full swing, Tesco is making a big change to its popular own brand pocket tissue multi-packs: the retailer is scrapping the plastic packaging and replacing it with recyclable paper saving more than 55 million pieces of soft plastic.

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Asthma Inhaler Switch Will Affect Millions Beginning in January

Retail Wire

A popular medicine used to treat asthma will disappear from pharmacy shelves at the beginning of 2024.

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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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Chef Sebby Holmes’ plant based sauce and stir fry range aims to elevate veganuary

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Introducing PAYST’s sensational plant-based range, tailor-made for Veganuary and beyond. Elevate your plant-based dishes from ‘oh’ to ‘woah’ with these exquisite Thai sauces crafted by the renowned Michelin award-winning chef Sebby Holmes.

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US Fast-Food Chains Want a Bite Out of China’s 1.4 Billion Population

Retail Wire

U.S. fast-food chains are keen to expand to reach China's large population.

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How to Use 3 Inventory Accounting Methods

Shopify

There are three primary methods of inventory accounting that allow you to accurately calculate both the value of your unsold stock and your COGS.

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Aldi to strengthen its Scottish portfolio with £56m investment over the next two years

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Aldi has confirmed it will continue its expansion in Scotland, with plans to invest more than £56m over the next two years, opening three new stores in Broughty Ferry, Straiton and Castle Douglas next year. The move supports the discount retailer’s growth ambitions and will allow it to meet consumer demands for outstanding quality and the […] If yo

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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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Applewood Vegan celebrates Veganuary with relaunch of Minis in new snack-friendly stick format

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The UK’s leading plant-based smoky cheeze, Applewood Vegan, is celebrating Veganuary 2024 by relaunching its first-ever snacking cheeze to make it easier for snack lovers to enjoy on the go. Multi-award-winning Applewood Vegan, which launched in Minis format in Morrisons stores across the UK this spring, will be relaunching as Applewood Vegan Bites

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Currys UK&I and Pennies hit £1 million fundraising milestone for charities

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Currys is delighted to announce it has raised over £1 million for charity from customer micro-donations since partnering with the award-winning UK fintech charity Pennies. The partnership has raised money for a number of charities including current partners, the Digital Poverty Alliance in the UK, and My Canine Companion in ROI.

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Circle of Toys urges Brits to re-gift presents to Ukrainian kids

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Circle of Toys, a gift-giving platform is asking the British public to regift preloved toys to children and families impacted by war in Ukraine. With Christmas over, families up and down Britain will be thinking about de-cluttering and regifting pre-loved presents which are no longer age-appropriate for their little ones.

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Card spending grew just 4.1% in 2023 as Barclays reveals the top 10 consumer trends of 2023

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Consumer card spending increased just 4.1% year-on-year in 2023 – noticeably lower than the growth seen in 2022 (10.6%) – as Brits cut back on new clothes, eating out and home improvements amid rising inflation and household bills.

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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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KPMG: 41% of people feeling less financially secure heading into 2024 than 12 months ago

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Four in 10 consumers are heading into 2024 saying they feel less financially secure than when 2023 began, according to new research from KPMG UK. Assessing confidence for 2024, KPMG’s latest Consumer Pulse survey of 3000 UK consumers shows those feeling worse about their financial security outnumber those feeling more secure by almost two to […] If

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Thanks, but no thanks: Hull is first city in the UK to make Christmas parcel return

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! A resident in Hull became the first person in the UK to return a potentially unwanted Christmas present, data from PayPoint reveals today. In the early hours of Christmas morning, the first parcel was returned to a Collect+ store at 02:57.

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Aldi launches new cookbook in partnership with Team GB and ParalympicsGB

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! ffhas launched a new cookbook in partnership with Team GB and ParalympicsGB, which is available in stores from today. The cookbook, called ‘Eat like a Champion’, includes 80 recipes that have been inspired by athletes and nutritionists such as Paula Radcliffe and Laura and Jason Kenny from Team GB and ParalympicsGB.

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