Tokinomo
AUGUST 23, 2023
In the ever-evolving realm of retail, where the intersection of technology, consumer behavior, and marketing strategies constantly reshapes the landscape, staying ahead of the curve has never been more vital.
Retail TouchPoints
AUGUST 23, 2023
Mannequins have played a starring role on the store floor for centuries. But while they still can add elements of creativity and context to visual displays, they are no longer the hero of the brick-and-mortar experience — largely because they do not fully or accurately reflect the needs of today’s in-store consumers. That is why global innovation agency Outform is reimagining the store mannequin by combining 3D-like hologram tech, dynamic content and real-time data into one robust experience.
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Shopify
AUGUST 22, 2023
Whether you’re just starting out or have been in the game for a while, taking a fresh look at your growth tactics is always a smart move. Here we'll delve into 11 proven ways to amplify your retail success.
Wiser
AUGUST 21, 2023
No matter how revolutionary your product or service may be, it’s the promotion strategy that can make or break its journey in the market. This is where strategic planning, product positioning, and creative marketing come into play. The product promotion process can seem daunting, of course. But fear not, there are proven strategies that can aid in successfully showcasing your innovation to the world, creating a buzz, and ultimately increasing your revenue.
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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.
Inside Retail
AUGUST 21, 2023
While the world may slowly be returning to normal in the post-pandemic era, retailers worldwide continue to face labour shortages in customer-facing roles. A recent study by Deloitte found that 74 per cent of executives heading major global retail companies expect shortages in customer-facing positions. Closer to home, the Australian Retailers Association (ARA) surveyed members and found that 84 per cent reported it has become harder to recruit new team members.
RIS News
AUGUST 23, 2023
Dick’s Sporting Goods revealed this week shrink represented a third of its merchandise margin decline and blamed organized retail crime. RIS reports on what retailers across the board are saying about theft and shrink.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Dive
AUGUST 22, 2023
Industry leaders want broader adoption of emerging technologies, but concerns over cost and finding business value stand in their way.
Inside Retail
AUGUST 24, 2023
Listed conglomerate Wesfarmers has reported tax-paid profit reached $2.5 billion in FY23 as operating conditions and consumer behaviours continued to normalise. The company’s retail business comprises Bunnings, Officeworks, and Kmart Group which in turn includes Target and Catch. For the year to June 30, group sales rose 18.2 per cent to $43.5 billion while tax-paid profits reached $2.5 billion, up 48.8 per cent and EBIT of $3.8 billion, up 6.3 per cent.
Tokinomo
AUGUST 21, 2023
Campaign corner Great flavor. In an effort to promote his product and find out more about what consumers want, singer and co-owner of Treo, Jason Derulo, takes to the streets to engage with people of various age groups, discussing the benefits of the organic juice option. As they try out diverse Treo flavors, people are genuinely impressed by the flavor, as well as the impressive low-calorie, carbohydrate, and sugar content.
Retail TouchPoints
AUGUST 25, 2023
Every few decades, retail brands discover a new way to connect with consumers. The early 2000s saw the beginning of an online media push that brought standardized content from one brand to many consumers. Mobile-targeted direct-to-consumer brands (D2C) brands reigned from 2010 to 2021, ushering in new ways to get in touch with their customers directly.
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.
Retail Wire
AUGUST 25, 2023
Kohl’s Corp reported better-than-expected quarterly profit, attributed to leaner inventories, reduced costs, and fewer discounts, which helped the department store chain navigate a broader retail slowdown. The company’s inventory decreased by 14% during the quarter due to stock clearance efforts, contributing to a drop in gross margin. Kohl’s CEO, Tom Kingsbury, expressed confidence in the.
Inside Retail
AUGUST 24, 2023
Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the US sandwich chain at up to $9.55 billion, including debt, subject to targets in its financial performance. The deal marks the conclusion of a drawn-out auction that started in February and attracted interest from several private equity firms.
Retail Gazette
AUGUST 25, 2023
Fenwick is in talks to take on the soon to be vacated House of Fraser store in Guildford. The department store chain is understood to be in negotiations to take on the 180,000sq ft unit, CoStar reported. The store is currently on a lease due to expire in 2039. It comes as House of Fraser revealed earlier this week it would be shuttering its Solihull and Guildford branches at the end of the month.
Retail TouchPoints
AUGUST 24, 2023
By reducing bounce rates from online merchants’ product detail pages (PDPs) that are reached via paid SERPs (search engine results pages) on Google, retailers can extend visitors’ journeys throughout their websites and help boost conversion rates. Bidnamic Discovery Pages, which are optimized for speed, can help address page loading slowdowns caused by the multiple elements on PDPs designed to encourage visitors to convert, such as behavioral tracking, rollover zoom features and video assets.
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 24, 2023
Despite the ongoing summer heat, the pumpkin spice season is starting earlier this year, with companies like Starbucks, Dunkin’, Krispy Kreme, and 7-11 already rolling out their autumn-themed products. Starbucks, celebrating the 20th anniversary of its famous pumpkin spice latte, will release its fall lineup on August 24, which is earlier than usual.
Inside Retail
AUGUST 23, 2023
Australian fashion jewellery chain Lovisa is continuing with its global expansion after profits jumped 20 per cent for the full year. Sales reached $596.5 million – up 33.1 per cent – with comparable store sales up by 6.3 per cent. Tax-paid profit rose 20.1 per cent to $68.2 million. The company says a key driver for sales was its continued global expansion where 172 new stores were opened during the year taking the total to 801 stores across 39 countries.
Retail Gazette
AUGUST 25, 2023
John Lewis has axed its free food offer for staff working throughout Christmas , in continued efforts to reduce costs. The department store retailer has given its festive temps free cooked breakfasts and Sunday roasts for the last two years. In the past, all workers across its stores and distribution centres were eligible for the free food. Perks included long-distance lorry drivers being able to order a packed lunch for their journey every day and workers in areas without kitchens having acce
Retail TouchPoints
AUGUST 24, 2023
Shein and Forever 21 are joining forces in a deal that will allow Forever 21 to sell its youth-focused apparel to Shein’s 150 million online users. The deal may eventually include Shein shop-in-shops at some of Forever 21’s 540 brick-and-mortar stores, which are heavily concentrated in malls, as well as offering consumers the ability to return Shein items at Forever 21 locations.
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
Retail Wire
AUGUST 25, 2023
Dollar Tree and Family Dollar stores have entered a new companywide settlement with the Occupational Safety and Health Administration (OSHA), under which they must rectify safety issues like blocked fire exits and unsafe stacking of materials within 48 hours or face a $100,000 daily fine. The agreement is in response to years of complaints about.
Inside Retail
AUGUST 22, 2023
Multibrand food chain franchisor Retail Food Group (RFG) reports underlying profit growth of 22.3 per cent for the full-year. The company owns and operates Gloria Jean’s, Crust Gourmet Pizza, Donut King, Brumby’s Bakery, Cafe2U Michel’s Patisserie, Pizza Capers and The Coffee Guy. For the year to June 30, underlying group EBITDA grew 21 per cent to $26 million while underlying tax-paid profit reached $22.6 million, up 22.3 per cent.
365 Retail
AUGUST 25, 2023
Performance marketing specialist, Summit , recently extended its current partnership with leading national retailer, Ann Summers. Having already excelled with Ann Summers paid social and SEO, working with the retailer for two and a half years to navigate Safe Search and grow the brands SEO visibility, the Hull based agency has extended their current partnership and will now also be supporting Ann Summers with its paid search, too.
Retail TouchPoints
AUGUST 24, 2023
As retailers gear up for the 2023 holiday shopping season, predicted to be another big year, expect generative AI to influence consumer shopping and buying decisions. In fact, seven out of 10 marketers in the U.S. are using generative AI in their work already, according to Statista. This influence is already being felt across the buyer journey. It’s being used to generate marketing content including social media posts, videos and images.
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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.
Retail Wire
AUGUST 22, 2023
Macy’s and Nordstrom are set to release their quarterly results this week, providing insights into whether their new strategies involving revamped inventory and lower prices are attracting shoppers. Macy’s has been focusing on its private brands, with the recent launch of the On 34th label, while Nordstrom aims to revive its struggling off-price Rack business.
Inside Retail
AUGUST 22, 2023
After posting a $1.6 billion full-year profit, Woolworths says it is “cautiously optimistic” moving forward despite evidence customers are cutting back on spending. Group sales reached $64.3 billion, up 5.7 per cent while tax-paid profit from continuing operations improved 4.6 per cent to $1.6 billion and EBIT of $3.11 billion, up 15.8 per cent. Across its Australian food division, sales increased 5 per cent to $48 billion, with second-half sales increasing 7.6 per cent, reflecting elevated infl
Retail Gazette
AUGUST 25, 2023
Clintons is set to shut 38 of its cards shops in efforts to avoid insolvency and total collapse. According to the Evening Standard , an insolvency court approved a restructuring plan, meaning the company can rent the 38 unprofitable stores at risk of shutting and pay lower business rates. The business plan, presented by FRP Advisory and Jones Day, means the retailer will only pay 8.6p for each pound owed to its landlords and local councils for its unprofitable shops.
Retail TouchPoints
AUGUST 24, 2023
Walmart has launched a new Roblox experience to get young consumers excited for the back-to-school season. Supercampus is a back-to-school adventure where users can participate in a series of challenges that allow them to collaborate and compete with their fellow players. The game is built around a series of popular brands and supplies including BIC Highlighters, Crayola Crayons and 3M ’s Post-it Notes.
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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.
Retail Wire
AUGUST 24, 2023
Abercrombie & Fitch has raised its annual sales forecast after reporting strong second-quarter results that surpassed estimates. The company’s new clothing styles, including dressy apparel, knitwear, cargo pants, and denim silhouettes, attracted shoppers to both its Abercrombie and Hollister labels. The retailer’s tight inventory control and ability to chase demand without relying heavily on promotions.
Inside Retail
AUGUST 24, 2023
Collapsed Australian non-alcoholic drinks specialty store Sans Drinks has been acquired by online wine retailer, Just Wines. In July, the company entered voluntary administration citing competitive pressures and softening sales. On Monday, creditors resolved to accept the Deed of Company Arrangement (DOCA) proposal. This means secured and employee creditors are likely to be paid in full while unsecured creditors are set to receive an estimated 48 cents in the dollar over the next three months.
Retail Gazette
AUGUST 24, 2023
HMV owner Doug Putman has made a last-minute attempt to rescue parts of fallen retailer Wilko. The retail boss is understood to have been engaged in talks with the discount retailer’s administrators from PwC. The offer could rescue 3,000 to 4,000 jobs, as well as roughly half of its 400 stores, according to reports from The Sun. However, The Times reported Wilko CEO Mark Jackson would rather liquidate the retailer to make higher returns for its creditors.
Retail TouchPoints
AUGUST 23, 2023
Up to 70% of business-to-consumer marketers believe that content marketing has become more important to their business over the past year, and 77% have successfully used this content to build credibility and trust among their consumers, according to the Content Marketing Institute. The Home Depot is tapping into this value by creating a branded content destination to support young homeowners.
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
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