Sat.Oct 09, 2021 - Fri.Oct 15, 2021

article thumbnail

Suppliers: How to get your retail business customers to pay you quicker

Inside Retail

Options such as buy now, pay later (BNPL) services were first introduced to business to consumer (B2C) transactions, giving customers the ability to access products and services they need today while paying at a later date or over a series of instalments. . Today, new fintech innovations are making it possible for businesses to provide payment options and flexibility to their business customers as well.

article thumbnail

Tempur-Pedic NYC Flagship Named Retail Design Institute Store of the Year

Retail TouchPoints

The Retail Design Institute has named the Tempur-Pedic New York City flagship as its Store of the Year. The 3,100-square-foot store on Manhattan’s Upper East Side, which opened in Oct. 2020 , was designed by CallisonRTKL to offer a “one-of-a-kind immersive digital experience.”. The flagship focuses on key themes of escapism, sustainability, access to nature, and multi-sensory experiences, according to the design firm.

Location 321
Insiders

Sign Up for our Newsletter

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

article thumbnail

Why is impulse buying so common and why does it matter for Retail

Tokinomo

Shopping is much more than a simple chore nowadays. People love to come to the store for the experience, not just to buy products because products can be found anywhere. Yet, there is a difference between planning to shop for the whole week or going to the store at the spur of the moment.

Planning 246
article thumbnail

Stockouts and Over-Stocking Affecting Your Revenue? Here’s the Solution

Intelligence Node

Inventory Optimization Techniques to Avoid Out-of-Stocks & Excess Inventory Costs Content Summary : What are Stockouts and Overstocking and Why Monitor Them? The True Business Cost of Stockouts & Overstocking Balancing the Trade-Offs between OOS & Excess Inventory 3 Common But Preventable Causes of Stockouts Solve Inventory Problems Before They Become a Problem We don’t […].

197
197
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.

article thumbnail

Coles’ latest power agreement locks in 2025 renewable energy goal

Inside Retail

Supermarket Coles has finalised its plan to power its sites by 100 per cent renewable energy by the end of FY25, signing the last power purchase agreement needed to meet the target earlier this week. Recent agreements with Origin Energy, ACCIONA Energía, and ENGIE will allow Coles to cover its estimated energy costs from July 2025. Coles’ chief sustainability, property and export officer Thinus Keevé said he was proud that the supermarket has been able to cut a clear pathway to its renewable ene

article thumbnail

As Consumer Demand for Inclusion Rises, Retailers Must Tackle Legacy Issues and Attitudes

Retail TouchPoints

Brands and retailers are feeling mounting pressure — from consumers, shareholders and even their boards — to be more inclusive. More and more, that means rethinking product development and expanding their sizing and assortment planning to represent a wider range of sizes and body shapes. Now, experts believe the call for inclusivity is both getting louder and expanding to include gender identity as well.

Consumer 283

More Trending

article thumbnail

Stockouts and Over-Stocking Affecting Your Revenue? Here’s the Solution

Intelligence Node

Inventory Optimization Techniques to Avoid Out-of-Stocks & Excess Inventory Costs Content Summary : What are Stockouts and Overstocking and Why Monitor Them? The True Business Cost of Stockouts & Overstocking Balancing the Trade-Offs between OOS & Excess Inventory 3 Common But Preventable Causes of Stockouts Solve Inventory Problems Before They Become a Problem We don’t […].

195
195
article thumbnail

Australia’s first Wahlburgers to launch before Christmas

Inside Retail

Hollywood star Mark Wahlberg’s famed burger chain Wahlburgers will open its first Australian store in Circular Quay, Sydney before Christmas 2021. The restaurant will be located at 7 Macquarie Street, Opera Quays, will be able to seat 250 guests, and is expected to employ 65 workers. Wahlberg said the they had “chosen one of the most iconic venues in the world”, and that the restaurant will have views of the Sydney Harbour Bridge.

Location 278
article thumbnail

Everyone’s Talking About the Supply Chain Slowdown. Here’s What Marketers Are Doing About it.

Retail TouchPoints

Another unprecedented holiday season is upon us and there is a powerful sense of déjà vu in the air. For a brief moment earlier this year it seemed like the clouds were parting, but the Delta variant put an end to that. Retailers and consumers alike are bracing for a holiday season much like the last — masks look set to remain a top stocking-stuffer; “supply chain” has a become a daily topic in mainstream media; and parents are gearing up for tears with the top toys of the year already predicted

Marketing 279
article thumbnail

Supply constraints not having major impact yet on retail sales

Retail Wire

Retail sales rose 0.7 percent in September, according to the Commerce Department, and August was revised upward from 0.7 percent to 0.9 percent. Economists had expected retail sales to fall 0.2 percent in September. “While visits to restaurants and retail locations have yet to break out of their late summer plateau, high-frequency card transaction data suggests spending remains solid,” said Sam Bullard, a senior economist at Wells Fargo.

Location 130
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

How to Get the Most Out of Your Next Temporary Price Reduction

Wiser

Temporary price reductions, or TPRs, are a necessary part of retail. It’s not really a question of if you should use a TPR, but when. Promotions influence shopper behavior , and consumers are conditioned to search for the best deals and prioritize brands and retailers who markdown products more often than the competition. If you want to be competitive, you better have an arsenal of TPRs ready to go depending on the situation.

Markdowns 147
article thumbnail

Why retail media has become the next big tool in performance marketing

Inside Retail

Retailers are sitting on a golden opportunity to create revenue streams from assets they may not even appreciate they own, let alone recognise their true value. “Right now, we’re seeing a once-in-a-generation shift that is opening the doors to a major new advertising opportunity for retailers and brands,” explains Troy Townsend, co-founder and chief innovation officer at The Pistol , a leader in marketing technologies and services.

Marketing 277
article thumbnail

Walmart Launches Netflix Retail Hub

Retail TouchPoints

Walmart has launched a new digital storefront that will feature exclusive products and experiences centered on some of Netflix ’s most popular franchises. The Netflix Hub at Walmart launched Oct. 11, and new products and content will continue to be added over the coming months for fan-favorite brands such as Stranger Things , Nailed It! and CoComelon , as well as for new shows like Ada Twist, Scientist.

Apparel 267
article thumbnail

Aggregators to buy up more third-party sellers on Amazon

Retail Wire

More than 1,000 third-party sellers on Amazon.com’s marketplace will be acquired by aggregators over the next year, according to a forecast by Fortunet. “Most aggregators didn’t exist before 2020, and further, they only raised capital over the past 12 months. That capital is only getting deployed now. There will be more acquisitions next year compared to 2021, Juozas Kaziuk?

130
130
article thumbnail

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.

article thumbnail

Ransomware Taxonomy: Four Scenarios Companies Should Safeguard Against

Cisco Retail

While October is designated as Cybersecurity Awareness Month, focusing on keeping your company and customers safe should be a constant priority, especially with the growing number and sophistication of ransomware attacks worldwide. As companies interact more digitally with customers and end-users, their attack surface increases, presenting more opportunities for would-be attackers.

article thumbnail

Is brick-and-mortar retailing really dead?

Inside Retail

Industry pundits have long been tolling the bells of doom on the concept of physical stores. After all, why would customers drag themselves to a brick-and-mortar store when they can do all of their shopping online? For retailers, establishing and staffing a physical store is a significant overhead. Eliminating those costs and selling products direct to customers in their own homes sounds like a dream scenario.

Shopping 264
article thumbnail

Tampa Bay Lightning’s Arena Adds One-Click Checkout for In-Seat Purchases

Retail TouchPoints

The Tampa Bay Lightning and Amalie Arena have partnered with Fast to provide a streamlined “headless checkout” experience when fans purchase merchandise. Guests attending games and events at the arena can scan QR codes placed on cup holders at the arena to make instant purchases using Fast Checkout for Lightning gear, including the “Item of the Game,” future tickets or merchandise from the event.

Checkout 257
article thumbnail

Eyes on Amazon as Etsy and eBay support bill to deter counterfeit and stolen goods online

Retail Wire

Etsy and eBay were among a group of online platforms that opposed legislation considered earlier this year by the U.S. Senate with the intent of curtailing the sale of counterfeit and stolen goods. Similar legislation being considered in the House has gained the support of these companies as it addresses concerns about seller privacy. Amazon.com, which also opposed the Senate version, has not publicly weighed in on the pending legislation in the House.

130
130
article thumbnail

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

article thumbnail

The XDR Solution to the Ransomware Problem

Cisco Retail

During a ransomware attack, it is critical to detect and respond early and quickly. By decreasing your mean time to detection in identifying the attacker’s behavior, your security team can quickly investigate and respond timely to prevent a ransomware incident. And, if you can interrupt the attacker’s tools, tactics, or techniques early in the process that will force most attackers to abandon the campaign as they cannot progress further along in the “kill chain”.

article thumbnail

‘More is more’: Q&A with Camilla CEO, Jane McNally

Inside Retail

Local luxury fashion brand Camilla is well-loved for its vibrant prints and colours, and glamorously distinctive collections. In this edited podcast interview with Australian Retailers Association CEO Paul Zahra, Camilla CEO Jane McNally discusses what makes the brand so unique, its online and digital growth, and its plans to expand internationally. .

Fashion 264
article thumbnail

Michaels Prepares Marketplace Offering to Offer More Than ‘Just Coupons and Discounts’

Retail TouchPoints

Michaels will launch a marketplace for third-party craft supply sellers, though no debut date has been set. The Michaels Marketplace will be invite-only and aimed at “high-volume sellers of components, tools or craft materials,” according to an announcement on the company’s website. The retailer also is currently seeking third-party solution providers in areas including payment processors, order management and shipping and fulfillment.

article thumbnail

Nisa re-launches community awards for retailers

Talking Retail

Nisa’s charity Making a Difference Locally (MADL) has re-launched its community champion awards for retailers. The awards recognise two different stores each month – one over and one under 3,000 sq ft – with a £250 donation to a local good cause. To be in with a chance of winning, Nisa partners simply need to. This story continues at Nisa re-launches community awards for retailers.

ATS 141
article thumbnail

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.

article thumbnail

Harmony on the Inside is the Key to Innovation from the Outside-In

Cisco Retail

The security industry brings together people from all backgrounds and experiences. And my path to security is no different. What seems “way back when” in 1994, when the Internet was the next big thing in technology, I was part of the team that set up the national Internet backbone in India. At a time when it was relatively unfamiliar to the masses—just shy of a mere thirty years ago— the internet was also an intriguing concept for the country’s leaders who were present at its unveiling.

article thumbnail

‘Not about products’: The genius of Moncler’s global, digital runway event

Inside Retail

Luxury French ski-wear brand Moncler staged a very different runway event recently. On September 25, in the midst of Milan Fashion Week, Moncler created a fashion show which took viewers on a digital journey to five major fashion cities to revel in the 2021 Mondogenius collection. The show was thoughtfully hosted by musician and Moncler ambassador Alicia Keys.

Fashion 246
article thumbnail

DTC Activewear Brand Vuori Valued at $4B After Latest Funding

Retail TouchPoints

Vuori has received a $400 million investment from SoftBank Vision Fund 2 that values the activewear brand at $4 billion just six years after its debut. The company has been profitable since 2017. Launched in 2016 as a DTC business, Vuori has since expanded to brick-and-mortar via wholesale at retailers including Nordstrom and REI , as well as with 10 standalone stores.

ATS 254
article thumbnail

7 experiential store concepts that opened this year

Retail Dive

From Dick's Public Lands outdoors banner to Bloomie's to Ulta's Target shop-in-shops, here's some of the most notable concept launches this year.

Outdoor 144
article thumbnail

How to Maximize Amazon Sales and Crush the Competition

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.

article thumbnail

Cisco’s vision for XDR powered by SecureX

Cisco Retail

Breaking out of silos. Security teams face an expanding threat landscape and an environment that is rife with complexity—making security efficacy increasingly elusive. The theory behind simplification is simple in theory but can often be difficult to achieve. Security teams need to be able to turn weak signals into reliable alerts and act on them with confidence.

Marketing 145
article thumbnail

Embroidery, upcycling and scent making: Uniqlo amps up entertainment

Inside Retail

Uniqlo Singapore recently marked the 5th year of its Orchard Central Global Flagship, despite the pandemic presenting various challenges for the business locally. It follows a move last year to reopen its ION Orchard, Plaza Singapura and Orchard Central stores as Uniqlo Towns , a retail destination concept that offers shoppers varied experiences, from sustainability to local arts and culture.

article thumbnail

Remarkety Helps Retailers Email Customers at the Point of Online Purchase to Reduce Cart Abandonment

Retail TouchPoints

Remarkety , a data-driven ecommerce marketing platform, has launched Email Capture Booster. The solution was designed to strategically interact with the customer as soon as they add an item to their cart as a way to reduce abandonment. Email Capture Booster connects with customers once they have had time to show interest in a product, helping mitigate the risk of coming off as intrusive and turning prospective customers away.

ATS 252
article thumbnail

Yatofu applies festive hues to post office in Zhejiang

Dezeen

A gift shop and events space lie inside this post office in Zhejiang, China , which design studio Yatofu has decked out in red, green and white. Bund Post Office – which is shortlisted in the small retail interior category of this year's Dezeen Awards – is situated in Ningbo, a city in northeast Zhejiang. When Yatofu was tasked with designing the interiors, it first examined the duties of post offices and the ways in which different communities use them.

Shopping 132
article thumbnail

Pricing for Profit: How to Set, Negotiate, and Succeed

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