Fri.May 17, 2024

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Opinion: An Unvarnished Review of the Smart Cart Shopping Experience

Retail TouchPoints

The Editors’ Perspectives column offers insights and opinions from the Retail TouchPoints editorial team as they dig into the latest trends in retail, marketing and tech. This month Retail TouchPoints has been exploring the state of autonomous checkout experiences in our series From Self-Checkout to Just Walk Out. The long and short of it is this: No one is really a big fan of self-checkout kiosks , but they’re not going anywhere anytime soon; and fully autonomous stores , like Amazon ’s Just Wa

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FDA Approves Imdelltra To Treat a Deadly Form of Lung Cancer

Retail Wire

The FDA has signed off on the use of Imdelltra, manufactured by Amgen, to treat small-cell lung cancer.

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Fashion old and new walked down the runways at AFW, but will it sell?

Inside Retail

Australian Fashion Week is one of the most influential industry events in the Asia-Pacific region and its runaways have the power to launch careers and cement brands. Every year designers take over the runways at Carriageworks, except for a few offsite shows, to debut their newest collection with the hopes of it being picked up by buyers. The Australian fashion industry contributes $27 billion to the country’s domestic economy, $7.2 billion in export revenue and employs 500,000 workers, accordin

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Walmart Market Cap Surges to All-Time High of $500B

Retail Wire

Walmart achieved an all-time-high market cap after its Q1 2024 earnings report.

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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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Returns Reimagined: How Tech Can Help

Retail TouchPoints

Despite a successful holiday shopping season, retailers face numerous hurdles in the year ahead. As stores try to balance protecting profit margins while delivering a unified customer experience, the escalating cost of returns has reached a breaking point. According to the NRF, U.S. returns reached a staggering $743 billion in 2023, representing over 14.5% of retail sales, and, worryingly, 13.7% of these transactions are fraudulent.

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OpenAI Secures Agreement To Train AI Using Reddit Data

Retail Wire

OpenAI has reached a partnership agreement with Reddit to leverage the social news site's data for training AI models.

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More Trending

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American Airlines Expands Service to Caribbean and Latin America

Retail Wire

As the travel industry experiences a post-pandemic resurgence, American Airlines is capitalizing on the growing demand for vacation destinations in Latin America and the Caribbean.

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Under Armour Launches Restructuring Plan as Declines Continue

Retail TouchPoints

Under Armour announced plans for a restructuring following disappointing results in its fourth quarter and fiscal year 2024 (ended March 31, 2024), as well as the expectation that revenues will continue to decline anywhere from 15% to 17% in North America in the coming year. It’s unknown how many jobs will be impacted by the restructuring, but the company is expecting to incur approximately $15 million in severance costs in the coming months. “Due to a confluence of factors, including low

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Texas Braces for Record-Breaking Power Demand

Retail Wire

Texas is bracing for a record-breaking power demand next week as a spring heat wave drives residents and businesses to ramp up air conditioning usage.

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Richemont posts record sales, appoints new CEO

Inside Retail

Switzerland-based luxury goods company Richemont has announced several changes to its board and management team after reporting record sales for the year ended March 31. Group sales increased by 3 per cent (up 8 per cent at constant exchange rates) to €20.6 billion ($33.5 billion). Operating profit was €4.8 billion, up 13 per cent at constant exchange rates.

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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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Elon Musk Confirms Twitter Is Now X.com

Retail Wire

The bird is gone and officially replaced with X.

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David Beckham seals multi-year partnership with Hugo Boss

Inside Retail

Hugo Boss has struck up a multi-year design partnership with Former Manchester United midfielder David Beckham, the German fashion house said on Thursday, as it seeks to boost demand for its Boss brand. The collaboration includes collections designed and curated by David Beckham for both formal and casual menswear, the company said, with the first collection to launch in spring/summer 2025.

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Indiana Judge Rules Tacos and Burritos Are Sandwiches

Retail Wire

An Indiana judge has made a significant decision in his court that could change the food world's description of their favorite Mexican-style foods.

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Asda sales boosted as George ‘outperformed’ the market

Retail Gazette

Asda saw sales rise in its first quarter results as it claimed its clothing business outperformed the fashion and homewares markets during the period. The grocery giant’s total sales excluding fuel were up 6.6% to £5.3bn for the period ended 31 March, while like-for-like revenues nudged up 1.4%. Grocery sales rose 1.3% on a like-for-like basis, which it attributed to its continued investment in enhancing the value and quality of its food offering.

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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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H Mart To Launch Largest Northeast Food Hall at American Dream

Retail Wire

H Mart, the country’s largest international supermarket chain, is set to open a new food court at the American Dream complex in the Meadowlands.

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The Body Shop to be auctioned after CVA plans fail

Retail Gazette

The Body Shop administrators are set to launch an auction of the vegan beauty chain after plans for a company voluntary arrangement (CVA) fell through. Administrators at FRP Advisory will begin formally sounding out prospective buyers over the coming weeks, Sky News reported. The move suggests the high stree retailer chain, which now trades from around 100 stores following a recent shop closure and redundancy programme , could find itself with a new owner.

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UAW Unionization Effort at Alabama Mercedes Plant Nears Conclusion

Retail Wire

Workers at the Mercedes-Benz plant in Vance, Alabama, are concluding their vote today on whether to unionize under the United Auto Workers (UAW).

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Robots in retail: Automation revolution in play

Retail Customer Experience

Autonomous robots deployed in retail cover millions of square meters a week with inventory scanning robots capturing 26 million images a day. Brain Corp CEO David Pinn shares what he envisions to come.

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Modernizing the Frontend Experience on Salesforce Commerce Cloud

Unlock agility, boost performance, and gain control over your Salesforce frontend with the latest masterclass from Composable.com : Modernizing the Frontend Experience on Salesforce Commerce Cloud Featuring experts from Algolia, Ember, Netlify, and Stripe, this masterclass focuses on practical strategies for optimizing your Salesforce Commerce Cloud storefronts using modern composable commerce integrations.

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TikTok Trials 60-Minute Videos, Posing Threat to YouTube

Retail Wire

TikTok is experimenting with allowing certain users to upload longer videos, extending up to 60 minutes in duration.

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Ebay returns to Love Island as headline sponsor

Retail Gazette

Ebay UK is returning as the headline sponsor of Love Island’s latest season, marking its fifth consecutive series in partnership with ITV. The online marketplace’s pre-loved style director Amy Bannerman will once again source fashion from the platform alongside the Love Island styling team under the tie-up, with a curated selection of pre-loved clothing, authenticated sneakers and garments from eBay’s Imperfects range being brought to the villa wardrobe.

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The Weekly Closeout: Dollar General taps store operations exec as PetSmart searches for a chief toy tester

Retail Dive

Lee DeVille will lead operations for three of the discounter’s retail divisions. But the pet retailer’s new role requires a furrier candidate.

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MCB, Generation Properties Break Ground on 110,000-Square-Foot Shopping Center in Prince Frederick, Maryland

Shopping Center

Prince Frederick, Md. — MCB Real Estate and Generation Properties have broken ground on Armory Square, a 110,000-square-foot shopping center located in Prince Frederick, roughly 44 miles southeast of Washington, D.C.… The post MCB, Generation Properties Break Ground on 110,000-Square-Foot Shopping Center in Prince Frederick, Maryland appeared first on Shopping Center Business.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.

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WNBA players star in Skims latest campaign

Retail Dive

Candace Parker, Kelsey Plum, Cameron Brink and others are featured in the campaign just months after it was named the official underwear partner of the WNBA.

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Accessing Secure Client Cloud Management after the SecureX EoL

Cisco Retail

Secure Client Management capabilities aren’t going away with the SecureX EOL, the functionality is simply migrating to the Cisco Security Cloud Control service.

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At Home names former Petco, Party City exec CEO

Retail Dive

Brad Weston was previously the chief executive of Party City Holdings and spent a year in the top role at the pet retailer.

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Critical Steps to Bolster UK’s Cyber Resilience: Insights for Policy Makers from Cisco’s Cyber Readiness Index

Cisco Retail

In the face of growing cybersecurity threats, UK policymakers have intensified efforts to protect the nation's digital infrastructure. This blog looks at insights from the UK McPartland review and the interdependence between cyber security and economic growth.

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Website Security Essentials: Protect Your Site and Strengthen Cybersecurity

In a digital-first world, website security is non-negotiable. This comprehensive guide explores the critical importance of securing your site against hackers and vulnerabilities like SQL injection, XSS, and malware. Discover tools like SiteLock for threat monitoring and CodeGuard for seamless backups, ensuring robust protection for your data and operations.

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CMOs enter ‘era of less’ as budgets plunge below pre-pandemic levels

Retail Dive

Nearly two-thirds of marketers believe they have don’t the resources to execute 2024 strategies, while some are pinning their hopes on AI, per Gartner.

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Elevate Your Business With An AI Video Translator

LS Retail

©iStock/Pikusisi-Studio According to CIO Look, AI video translation employs advanced machine learning algorithms to automatically translate spoken or written content in videos from one language to another. By leveraging natural language processing (NLP) and deep learning techniques, AI video translators can accurately interpret and convert audiovisual content in real time, eliminating the need for manual translation efforts.

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Pinterest teams with Real Simple for magazine’s first shoppable issue

Retail Dive

The issue, which leverages QR codes that lead to curated Pinterest boards, highlights over 120 products and expands the platform’s bid to publishers.

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2024 Retail Worker Safety Survey

Theatro

80% of Retail Workers Feel Unsafe While on the Job, New Study Shows Survey findings from Theatro shed new light on the state of the retail industry as staffing shortages intensify safety threats faced by frontline workers. Purpose of this Study Imagine starting your workday knowing there’s a significant chance you’ll face a situation where your safety is at risk.

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Activating Intent Data for Sales and Marketing

Sales and marketing leaders have reached a tipping point when it comes to using intent data — and they’re not looking back. More than half of all B2B marketers are already using intent data to increase sales, and Gartner predicts this figure will grow to 70 percent. The reason is clear: intent can provide you with massive amounts of data that reveal sales opportunities earlier than ever before.