Sat.Jul 29, 2023 - Fri.Aug 04, 2023

article thumbnail

10 Best Retail Employers for Women to Work for

RIS News

As the fight for gender equality in the workplace continues, some employers are being recognized for their strides. Learn more about the employers supporting women and helping them maintain an acceptable work-life balance.

67
article thumbnail

Retail pricing strategies: Which one is the right one for your FMCG products?

Tokinomo

Everybody knows about the four Ps of marketing. Product, Price, Place, and Promotion are the core of marketing. In this article, we are going to focus on the Price. How much should customers pay to get the product? What impacts the pricing strategy? Which pricing strategy works best for different products?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Turning Retail Losses into Profits

Retail TouchPoints

How can retailers transform losses into profits? External economic factors, such as fluctuating interest rates, an unpredictable housing market and persistent inflation have prompted consumers to rethink their spending habits. As a result, profitability is now a top priority for retail CEOs. Faced with shifting economic and consumer dynamics, retail leaders strive to unlock strategies that turn losses into profits.

article thumbnail

How to Effectively Monitor Planogram Compliance

Wiser

In the competitive world of retail, ensuring your products are in the right place at the right time can mean the difference between profit and loss. This is where planogram compliance comes into play. A planogram is a visual diagram that details where every product on a retail store shelf should be placed. Its main aim is to maximize sales and minimize wasted space.

article thumbnail

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.

article thumbnail

The Role of Human Interaction in a Digital-First World with Tom Martin

Hyken

Top Takeaways: In the age of advanced technology, it’s crucial for businesses to prioritize the overall customer experience. While chatbots and digital solutions are valuable, human-to-human interactions still plays a vital role, especially when technology falls short. Understanding and predicting customer needs are key to effective customer engagement.

article thumbnail

What’s working for — and against — retailers heading into the holidays?

Retail Dive

This shopping season isn’t likely to be like last year, or the year before, or the year before that, experts say.

More Trending

article thumbnail

3 Ways to Use Data to Improve In-Store Experiences

Retail TouchPoints

Retailers have access to troves of data: data about their customers, their products and their business. But despite earnest proclamations that consumers expect seamless brand experiences, these data and the insights they generate are resting in disparate systems and used by siloed teams. To create the seamless and immersive store experience that customers crave, brands need to bring organizational data into their physical spaces.

article thumbnail

H&M sues Shein, alleging designs were copied

Inside Retail

Swedish fast-fashion giant H&M has sued Chinese rival Shein in Hong Kong over copyright infringement. Having reportedly prepared for the lawsuit since July 2021, H&M accused Shein of plagiarism and “stealing” the designs of its products, stating that there is “striking resemblance between the products showing they must have been copied”. The Swedish retailer is seeking compensation for unspecified damages and an injunction to prevent Shein from repeating the copyright violation, accordin

article thumbnail

CVS to lay off 5K employees amid cost pressures

Retail Dive

The layoffs come as CVS faces significant integration costs from recent M&A activity, including its $10.6 billion buy of Oak Street and $8 billion acquisition of Signify.

76
article thumbnail

Barbie Doll Sales Are Booming Online as the Blockbuster Film Barrels Toward $1 Billion at the Box Office

Retail Wire

Barbie doll sales are surging online, fueled by the blockbuster success of the “Barbie” movie, which is expected to reach $1 billion in box-office sales. Doll sales have seen a significant increase of 56%, according to Shopify, the e-commerce platform powering Mattel’s direct-to-consumer operations. Shoppers are gravitating toward beloved brands like Barbie, indicating a “Barbie.

ATS 189
article thumbnail

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

article thumbnail

L.L.Bean Expands to Dillard’s and Moosejaw, Plans 4 New Brick-and-Mortar Stores

Retail TouchPoints

L.L.Bean will open four new stores this fall, two in Massachusetts and two in Quebec, along with a French-language ecommerce site to support its Canadian stores. The outdoor goods retailer also will add Dillard’s and Moosejaw to its key U.S. wholesale accounts, along with 10 independent specialty retailers in the southeastern U.S. The combined effort will make L.L.Bean products available in more than 70 new storefronts in addition to ecommerce platforms.

article thumbnail

David Jones launches in-house retail media agency, Amplify

Inside Retail

David Jones has joined the growing ranks of major retailers to establish their own retail media sales and management business. The department store chain has launched a standalone business called David Jones Amplify which will give brands access to more than 475 in-store media, 102 digital formats and 70 print and digital editorial formats. The move follows similar initiatives by Woolworths Group – which set up Cartology inspired by US retail giants Target and Walmart – and Chemist Warehouse, a

article thumbnail

UK Q3 Retail Performance Expectations

Retail Focus

Retail performance faces a tipping point in Q3 2023, according to the KPMG/RetailNext Retail Think Tank (RTT) , an independent board of retail experts, as the threat of further interest rate hikes and spiralling mortgage payments hits household spend, undermining retail sector health and requiring the industry to respond with investment and its hallmark ingenuity.

Consumer 130
article thumbnail

Toymaker Mattel Says It Will Pay Someone Nearly $18,000 To Play and Promote Its New Uno Game

Retail Wire

Toymaker Mattel is seeking a “chief Uno player” to promote its new game, Uno Quatro, and is offering a payment of $17,776 for a total of 64 hours of work. The job involves starring in social media content, teaching the game to others, and playing with influencers in New York City. The selected candidate will.

article thumbnail

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.

article thumbnail

Under Armour Debuts Loyalty Program

Retail TouchPoints

Under Armour has launched its first-ever loyalty program, UA Rewards , for its U.S.-based customers. Members will earn reward points for making purchases, writing product reviews on eligible products and completing UA MapMyRun challenges. Currently available only online, Under Armour plans to roll out UA Rewards to its stores later this year. “Our consumers are incredibly engaged with our brand, and UA Rewards will enable a deeper connection, delivering the value and benefits they’ve been cravin

Consumer 234
article thumbnail

Barbie eco-protest embarasses media, Mattel

Inside Retail

Several news organisations, including People, The Washington Times and MarketWatch, fell for an elaborate hoax claiming that all Mattel toys, including Barbie, would be plastic-free by 2030, beginning with a new line of MyCelia EcoWarrior Barbies. The new range of Barbie dolls was claimed to be compostable and made with organic materials, including mushrooms, algae and clay.

article thumbnail

Mango opens new flagship store at centre:mk

Retail Focus

Mango, one of Europe’s leading fashion groups, has opened its latest flagship location at centre:mk, one of the top 10 retail and leisure destinations in the UK. The new store exclusively distributes the Mango Woman collection across a selling space of over 4,693 sq ft. The design features Mango’s latest Mediterranean-inspired concept known as New Med, as featured in a select group of flagship stores around the world.

ATS 130
article thumbnail

A Manager at a Pennsylvania Wendy’s Invented a Fake Employee and Pocketed Wages of $20,000, Police Say

Retail Wire

A former general manager at a Wendy’s restaurant in Pennsylvania has been charged with theft by deception after allegedly inventing a fake employee named William Bright to pocket wages. The manager manually logged 128 shifts for the non-existent employee, receiving $19,898 between June 2021 and May the following year. The restaurant’s insurer paid out nearly.

article thumbnail

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.

article thumbnail

5 Ways Retailers can Begin to Market from the Outside-In

Retail TouchPoints

Retail marketing is undergoing its largest transformation since the dot.com boom. The ongoing decentralization of retail and retail marketing is forcing CMOs to embrace new strategies in the media world to compete, especially amid more ephemeral brand affinity. By now we are all aware of the impact the internet has had in reshaping marketing, dating back to the adoption of the world wide web in the 1990s.

Marketing 233
article thumbnail

Australia’s retail ‘recession’ runs to three consecutive quarters

Inside Retail

New ABS data has revealed a third consecutive quarter of declining retail sales measured by volume, effectively showing the nation’s ‘retail recession’ has now extended to nine months. Volume data excludes the impact of inflation on retail sales, which have been trending up for much of this year. The last time there were three consecutive quarters of declining retail volume sales was in 2008 – at the time of the Global Financial Crisis.

article thumbnail

carpo unveils new concept store in heart of London’s Piccadilly

Retail Focus

World renowned premium hand-picked nuts, handcrafted chocolate, and aromatic coffee brand, carpo, announces the opening of its flagship store in central London this autumn 2023. Located at 10 Glasshouse Street, the new site marks a significant milestone as carpo celebrates its 10th anniversary in the capital. Set across two storeys, the new Glasshouse Street concept store, located off Regent Street and a minute’s walk from Piccadilly Circus, will feature an extended seated area, with a luxurious

Fashion 130
article thumbnail

More Starbucks Customers Are Ordering Food With Their Drinks Than Ever Before

Retail Wire

Starbucks executives reported that a higher number of customers are ordering food along with their drinks, with two in every five customers adding food to their orders. Breakfast sandwich sales hit a record high, surpassing a previous record set in the prior quarter. The company sees significant opportunities in food offerings and has introduced new.

187
187
article thumbnail

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.

article thumbnail

Why DTC Brands are Evolving from Disruptors into Omnichannel Players

Retail TouchPoints

It wasn’t so long ago that the debut of new digital-first brands was a near-daily occurrence. Successful “challenger” offerings in just about every category under the sun rose to unprecedented heights, almost solely on the backs of social media and good branding. But contrary to pandemic-era predictions, it turns out people still want to shop in stores, and a swath of data privacy crackdowns have brought many of these rising stars back down to Earth.

Wholesale 224
article thumbnail

Bondi Sands sold to Kao Corporation for $450 million

Inside Retail

Self-tanner and skincare brand Bondi Sands has been sold to Japanese chemical and cosmetics giant Kao Corporation in a $450 million deal. Kao, established in 1887, owns popular skincare and haircare brands such as Biore, Jergens, Oribe, and KMS. Shaun Wilson, CEO and co-founder of Bondi Sands, will remain with the company under new owner, and Blair James will continue as creative director.

article thumbnail

Independent fashion brand Scamp & Dude announces retail expansion with two new stores

Retail Focus

Following another year of exponential growth (+62% ‘23 vs’ 22, / +51% ‘22 vs ’21) and the successful opening of the flagship store in Marlow, British purpose-led fashion brand Scamp & Dude announces two new stores as part of its retail expansion. With a vision to be the UK’s most respected and loved purpose-led fashion brand, the two new stores aim to satisfy high demand for their womenswear and force for good charitable partnerships from its loyal and rapidly growing community.

Fashion 130
article thumbnail

Amazon’s Latest Healthcare Expansion: Virtual Clinics in All 50 States

Retail Wire

Amazon is expanding its virtual healthcare clinic to all 50 U.S. states, providing customers with access to virtual care for more than 30 common health concerns, including urinary tract infections, pink eye, and erectile dysfunction. The service connects users to licensed clinicians who offer 24/7 access through Amazon’s website and mobile app, supporting both message-based.

183
183
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

article thumbnail

What is Store No. 8? Inside Walmart’s Innovation Incubator

Retail TouchPoints

Named after Walmart’s eighth store, in Morrilton, Ark., Store No. 8 is Walmart’s incubation arm and a key part of the retailer’s broader innovation strategy. Founder Sam Walton used the Martin store to test new concepts and ideations that have since become key differentiators for the retailer. Store No. 8 acts as a strategic vehicle to think about “larger bets” that will be “transformational for Walmart in the medium- to long-term,” according to Jaya Balasubramaniam, VP of Incubation, Strategy a

Consumer 222
article thumbnail

How beauty retailer Ella Bache is navigating the consumer spending slowdown

Inside Retail

French-founded and Australian-owned skin and beauty retailer Ella Bache has powered through almost 70 years of ups and downs. And with the recent slowdown in consumer spending and rising cost of doing business, that experience is proving invaluable. According to the business’ third-generation owner and chief executive Pippa Hallas, Ella Bache is in a “strong” position to thrive in the current macroeconomic climate, thanks to the much-touted ‘lipstick effect,’ which has seen beauty brands histori

Consumer 246
article thumbnail

Biometric payment, grocery insights, and free returns - Weekly Snacks #65

Tokinomo

Campaign corner Dehydration. Is dehydration making you disappear? In Getorade’s new commercial , a basketball player prepares for his final shot on the court, Damian Lillard joins him and raises a concerning issue. Lillard mentions that athletes are vanishing annually due to dehydration. Lillard suggests that the way to get back into the game is by replenishing oneself with a Gatorade.

Returns 130
article thumbnail

Swarovski launches new concept store at Liverpool ONE

Retail Focus

Grosvenor has announced that Swarovski, the luxury crystal jewellery brand, has opened at Liverpool ONE , in a move that marks the return of a standalone Swarovski store to the city. The 2,000 sq ft space on Peter’s Lane follows the globally renowned brand’s new ‘WonderLUX’ store concept, showcasing an immersive luxury retail experience. Decorated with a blend of metallic finishes, fluted glass, chrome and silk accents throughout, the new Swarovski store is a tribute to the light-filled beauty o

ATS 130
article thumbnail

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.