Talking Retail
AUGUST 5, 2021
A majority of transactions in convenience stores are still made in cash despite the increase in card payments during the pandemic, says new research. But there is a geographical divide in the UK, with southern counties less reliant on cash than those further north, adds the PayPoint data. County Down in Northern Ireland is the. This story continues at Cash still king, says new research.
Mass Relators
AUGUST 5, 2021
PURCHASE, N.Y. — Retail sales in the U.S. grew for the 11th consecutive month in July, according to Mastercard SpendingPulse, a survey that measures in-store and online retail sales across all forms of payment. Sales for the month increased 10.9% compared to July 2020. That figure, which excludes automotive sales and gasoline, is nearly quadruple the average year-over-year growth in the month of July over the last four years, which was 2.9%.
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Retail TouchPoints
AUGUST 3, 2021
Jurrien Swarts, CEO, Stojo. If you want a tutorial in how to be an environmentally responsible company, not just in one or two areas but end to end, take a look at collapsible cup and container manufacturer/retailer Stojo. The fast-growing company applies circular principles not just to its products but to their component parts, extending even to how those parts are fitted together — because no glue is used, the individual elements can be separated and placed in their own recycling streams.
Retail Focus
AUGUST 3, 2021
Grosvenor Britain & Ireland has announced that award-winning British luxury jewellery retailer, David M Robinson (DMR), is to open a new OMEGA boutique on South John Street at the heart of Liverpool ONE. Spanning 2,000 sq ft, the new Omega store will complement the existing DMR boutique on South John Street, which has operated at Liverpool ONE since the destination launched in 2008. .
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Inside Retail
AUGUST 5, 2021
Australia’s battle with the Delta variant of Covid-19 is continuing to shut businesses down, with the state of Victoria re-entering lockdown, rejoining New South Wales and Queensland in shutting non-essential retail and restricting citizens movements in light of surging cases. Victoria’s state premier Dan Andrews said he would have preferred to wait to reintroduce restrictions, but that, as seen in Sydney’s case, they only get one chance to act before the more infectious strain gets away from he
Tokinomo
AUGUST 5, 2021
Retailers and brands are constantly adapting to new trends. When the pandemic started to affect the way we live and shop, retailers knew that things would look different after restrictions were lifted. However, nobody expected this massive digitalization in all industries.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Focus
AUGUST 3, 2021
Moncler announces the relocation of its Los Angeles boutique to a new design space. The flagship store is located at 340 North Rodeo Drive, in the prestigious shopping neighborhood of Beverly Hills. Spanning over two levels with a total selling area of 375 square meters (4,015 feet), the boutique’s exteriors and interiors blend Moncler’s distinctive mountain-inspired heritage with L.A.’s bright aesthetics to create a warmer atmosphere.
Inside Retail
AUGUST 5, 2021
Last week, Bunnings managing director Mike Schneider joined Australian Retailers Association CEO Paul Zahra on the ARA podcast about how he began his career in retail, what a typical day looks like for him – and why he reckons he has the best retail job in the country. Here is an edited excerpt from their conversation. Paul Zahra: You’ve been at Bunnings for 16 years and held various roles since becoming managing director in 2016.
Retail Wire
AUGUST 2, 2021
Walmart has decided that its corporate staff and management-level employees must get vaccinated against COVID-19 by Oct. 4. The company has also begun a phased-in approach to bringing employees back to the office who have been working remotely during the pandemic.
Retail TouchPoints
AUGUST 5, 2021
Brown Venture Group , a venture capital firm focused exclusively on Black, Latinx and Indigenous emerging tech startups, will receive an investment of up to $10 million from Best Buy. The fund’s goal is to help break down systemic barriers for BIPOC entrepreneurs, including lack of access to capital. Black and Latinx founders represented only 2.6% of funding in 2020.
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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.
Retail Focus
AUGUST 3, 2021
For those retailers creaking back to healthy business levels after the seesaw demand cycles, supply chain upheaval, Brexit trade disruption and forced store closures, an unwelcome new specter is rearing its head: inflation. According to the United Nations’ Food and Agriculture Organization (FAO) food price index, global food prices rose consecutively for the 12th month in May 2021, reaching its highest level since May 2014.
Inside Retail
AUGUST 4, 2021
An untold number of coffee shops across the globe have temporarily or permanently closed at the height of the pandemic but Vietnam’s TNI King Coffee has bucked the trend, opening its first store in the US early this year and pushing forward with expansion plans. “Many businesses were affected during the pandemic, but we saw that there was still a huge opportunity for expansion,” TNI King Coffee founder and CEO Le Hoang Diep Thao told Inside Retail.
Intelligence Node
AUGUST 2, 2021
eCommerce has grown tremendously in the last year and a half. While it was already on its way to mass adoption, the pandemic further accelerated the shift to digital and birthed many first-time online shoppers. The growth in eCommerce has opened many new avenues for brands and is a window into the future of retail. […]. The post MAP Violations: How, When, & Why You Need to Monitor & Eliminate Them appeared first on Blog.
Retail TouchPoints
AUGUST 3, 2021
Digital convenience store Gopuff has raised $1 billion in new funding at a $15 billion valuation as the retailer sets the pace for the c-store last mile. The funding will build upon the $1.15 billion Gopuff raised in March as the company expands across North America, deepens its presence in the UK and Europe and makes new hires to build its technology base.
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Retail Wire
AUGUST 6, 2021
The worst frost in years has damaged the Brazilian coffee crop and that, along with rising freight costs, means companies and consumers will soon be paying more to get their morning cup of Joe. The price fo Arabica beans had already doubled over the past year due to drought conditions in coffee growing regions and the latest news will only send those prices higher.
Inside Retail
AUGUST 3, 2021
The Australian arm of fast-fashion brand H&M is launching an initiative today to help vaccinate children against preventable diseases by partnering with UNICEF. Since the beginning of the Covid-19 pandemic, 60 life-saving vaccination programs have been disrupted, putting children worldwide at risk of contracting preventable diseases such as diphtheria, measles and polio.
Retail Focus
AUGUST 6, 2021
Cadogan today announces the signing of Soho Home Studio to the King’s Road, Chelsea – set to open in September 2021. This will be Soho Home’s first flagship for the homeware brand from Soho House. In addition to showcasing Soho Home’s collections, the interiors destination will offer a new retail concept, providing access to interior design services, a programme of workshops and events, and a rotating gallery of member collaborations for customers to discover and enjoy.
Retail TouchPoints
AUGUST 3, 2021
Wolverine Worldwide has acquired Sweaty Betty in an all-cash transaction valued at approximately $410 million. The deal will help Wolverine shift to a more digitally-focused business model and position the company as a leader in the women’s activewear category. Sweaty Betty CEO Julia Straus will continue to lead the brand, reporting directly to Brendan Hoffman, President of Wolverine Worldwide.
Advertiser: Experience Retail Today
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.
Retail Wire
AUGUST 4, 2021
IKEA is known, among other things, for the Swedish meatballs sold in its stores. Now, the retail furniture giant is looking to build on that appeal by including a new candle, scented to smell like its popular food dish, as part of a sweepstakes that will run from Aug. 6 through Aug. 22.
Inside Retail
AUGUST 2, 2021
While the subject of cannabis legalisation still divides countries around the world, there is no denying the influence that legal cannabis products are having on retail and consumer goods. According to Grand View Research, the global cannabidiol (CBD) market size was valued at US$2.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.2 per cent from 2021 to 2028.
Retail Focus
AUGUST 5, 2021
Landsec has announced the opening of the UK’s leading kitchenware brand, ProCook, at White Rose Shopping Centre in Leeds. The new store is the second for ProCook following the recent launch at Bluewater. ProCook is also the ninth brand to have joined White Rose or upsized at the centre in the last 12 months. The 2,786 sq ft White Rose ProCook store stocks a wide range of cookware, tableware, and kitchen accessories, covering every kitchen item needed by the home cook.
Retail TouchPoints
AUGUST 4, 2021
Amazon has introduced two new Fulfillment by Amazon (FBA) programs to help merchants selling on Amazon resell customer-returned or overstocked items. Once fully implemented, the programs are expected to save more than 300 million products from the landfill each year by giving them subsequent lives. FBA Liquidations will provider sellers the option to use Amazon’s existing wholesale liquidation partners and technology to recoup potential losses on returned and overstock inventory.
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Cisco Retail
AUGUST 6, 2021
Our customers are looking for ways to simplify management of their Cisco devices and adopt new technologies faster while maintaining strong security across their environment. They are facing challenges in locating the right information necessary for deployment, obtaining access to the right resources, gaining visibility into their assets as well as more automated capabilities to reduce risks, increase uptime, and optimize overall performance.
Inside Retail
AUGUST 2, 2021
Despite pledging to stop handing out plastic toys with purchases of groceries on environmental grounds , supermarket Coles last week announced a new line of plastic picnic goods that can be earned by customers using their Flybuys card at a supermarket or online. The difference to Coles seems to be that these picnic goods are ‘reusable’, and provide a sustainable alternative to single-use tableware that the business recently removed from its shelves.
Retail Focus
AUGUST 4, 2021
Claire Webb from Advanced Supply Chain Group looks at why playing a waiting game won’t help retailers beat soaring shipping costs. Many retailers are looking to protect margins against rapidly rising shipping costs. A favoured way for trying to achieve this is to delay the placement of orders, with the assumption transportation prices will soon peak and rates will start to drop.
Retail TouchPoints
AUGUST 2, 2021
New data from Amazon portrays recent shifts in consumer behavior through the lens of the top-selling products on the platform. Compared to this same time last year, consumers are entertaining more, traveling more and dressing up — although they are not forgoing the sweatpants altogether. It’s a stark shift from 2020, when puzzles, gardening tools, cookware, headphones and exercise bikes topped shoppers’ lists.
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Cisco Retail
AUGUST 5, 2021
Identifying Connectivity Challenges. TIM Brazil had a problem to solve. Their country of more than 200 million people has massive geographical regions lacking reliable internet service, and the company sought a cost-effective way to expand connectivity and offer high-quality streaming content to its growing population. They needed to find the best way to address this challenge without incurring the significant costs typical of such large-scale projects.
Inside Retail
AUGUST 1, 2021
Thanks to its digital-first mentality and awareness of consumer trends, clients of Tryzens grow at over two-times the industry average. As businesses continue to look to connect with customers on a deeper level, driving loyalty and retention, one key e-commerce trend that Tryzens anticipates accelerating in importance is the personalisation of the user experience.
Retail Focus
AUGUST 3, 2021
Landsec has announced that M&S has signed to relocate into a new anchor store within White Rose Leeds, the out of town retail & leisure destination in Yorkshire. The bespoke unit includes nearly 80,000 sq ft of dedicated trading space. The new M&S store, formerly occupied by Debenhams which closed permanently in May this year, represents a significant upsize for the brand at the destination.
Retail TouchPoints
AUGUST 3, 2021
It has been a year since the pandemic rocked a fashion industry that was already feeling the pressure of trying to keep pace with consumer shifts toward digital, ethical sourcing and eco-friendly products. 2021 will continue to be an uncertain year, with business growth slow to pick up for the industry. The stage is set, however, for strategic players to carve out a new growth agenda and reinvent their brand.
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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