Sat.May 23, 2020 - Fri.May 29, 2020

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Walmart Dives Into Hot Resale Market With ThredUP Partnership

Retail TouchPoints

Walmart continues its mission to elevate its reputation in fashion with its new ThredUP partnership, which gives e-Commerce shoppers access to secondhand merchandise across the full spectrum of prestige — from luxury names such as Chanel and Prada to middle-market Ann Taylor LOFT and Lands’ End to affordable Old Navy and fast-fashion leader H&M.

Marketing 232
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Guide to Using Point-of-Sale Data for Intelligent Retail Execution

RepslyBlog

One of the most basic tools CPG brands use to understand their position in the market is point-of-sale data. From the very first time a shopper put your product in their cart to the nationwide sales you may enjoy today, POS data paints a picture of when and where your products -- and your competitors’ -- are scanned for purchase. Armed with this intel, brands can identify new shopping trends, opportunities for growth, competitive threats, and more, and use that insight to build an intelligent st

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How Brands Can Connect with Shoppers

Wiser

A brand’s ability to connect with consumers comes not just from what it says, but what it does. We often think of the connection between brands and customers as something that’s done through marketing. But the best retailers know that to truly build a connection with customers, there has to be an organizational commitment to providing the best customer experience possible.

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10 Easy Ways to Save on Business Expenses During the COVID-19 Pandemic

Retail Adventures

Whether you are open for business or your doors are still closed, saving money is always on your mind. We haven’t hit a new normal yet, we are still in the throes of the “now normal”, where things change daily and will for a while. Learning to pivot is critical. Here are some ideas to help keep on track, cut costs, and increase your bottom line: 1. Talk to your landlord Until business picks up, rent will continue to be an issue.

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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.

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Retailers In The Eye Of The Storm During Twin Cities Unrest

Retail TouchPoints

On May 29, morning news reports aired scenes of fire crews dousing the smoldering remains of a Family Dollar and a Foot Locker. in south Minneapolis. These were two among dozens of retail establishments in Minneapolis and twin city St. Paul that had been damaged, looted and/or burned down after three nights of demonstrations erupted into widespread destruction.

Location 226
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Small Shop Feature of The Month: Yandy, Owner of Thoughtfully Handmade

Hello Small Shop

Tell us about yourself and your business. My name is Yandy, and I'm the owner of Thoughtfully Handmade. Since 2016, I've strived to provide uniquely handmade cards, bookmarks, and gift tags to help people gift more thoughtfully and save them from awkward gift-giving situations. I chose to start my own business because I was (and still am) sick and tired of the impersonal, mass-produced cards in the market today.

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High-Low Pricing Strategy Explained (Pros, Cons & Examples)

Retalon

What is a High-Low Pricing Strategy? Also referred to as “Hi-Lo” Pricing, or “Skimming” Pricing Strategy, high-low pricing is almost exactly what it sounds like. A product is introduced at a high price, and the price is gradually lowered as demand for the item declines. Although the concept is simple, knowing when (and how) to use a high-low pricing strategy can be difficult.

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How Fashion Retailers Can Retain New E-Commerce Customers Past The Pandemic

Retail TouchPoints

Fashion retailers were hit hard by the COVID-19 outbreak, but the industry may have found a silver lining: an influx of new e-Commerce customers. According to aggregate data from ActionIQ , which has fashion clients including American Eagle , Gap and Rag & Bone , daily e-Commerce revenue at apparel retailers rose 22% in April and May compared to the final weeks of March — and the biggest influx came from new customers, whose presence grew 73%.

Fashion 214
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Leadership In A Time Of Crisis: A ‘Future-Focused Vision’ Is Key To Winning Employee And Stakeholder Loyalty

Retail TouchPoints

In the wake of COVID-19, leadership teams have responded and adapted in different ways. While specific priorities and action items vary based on industry, target customer and business model, some underlying leadership qualities are proving highly valuable. As partner and organizational expert at Kearney , John Kurtz has been studying both the actions leaders take as well as how their personality attributes trickle down to impact the values and culture of the business.

Planning 200
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Bridging The Gap Between The Now And New Normal

Retail TouchPoints

While no industry has been left unscathed by the COVID-19 pandemic, for retail the impact and measures to stop the spread of the virus has already sent shock waves across the globe. Brands have closed their brick-and-mortar locations, with some also temporarily stopping e-Commerce due to concern about the safety of their employees, or other challenges.

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

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.

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Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals

Retail TouchPoints

Q1 2020 financial results for Costco , Nordstrom and Abercrombie & Fitch encapsulate how three retail verticals — club, department and specialty apparel — are weathering the COVID-19 pandemic. Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Costco posted a 7.3% sales increase for Q1 2020, largely fueled by a 66.1% jump in e-Commerce sales.

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Aldi Will Expand Curbside Pickup To 600 Stores

Retail TouchPoints

By the end of July, approximately 600 Aldi stores, roughly one-third of the German low-price retailer’s U.S. locations, will offer Curbside Grocery Pickup. The rollout to stores in 35 states follows successful pilots in select markets. “Our Curbside Grocery Pickup pilot was quickly embraced by our customers and demand for this service has continued to increase,” said Jason Hart, CEO of Aldi U.S. in a statement.

Location 179
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Robling Releases Analytics Tools To Assist Reopening Retailers

Retail TouchPoints

Robling is offering COVID-19 store reopening analytics for both essential and specialty retailers. The tools are designed to help retailers navigate operations during the pandemic with the environment’s special considerations in mind. Specialty retailers can use the dashboard to keep an eye on operations and inventory. The software flags exceptions and identifies surges, helping retailers quickly respond to issues to maintain a smooth reopening process.

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REI And West Elm Debut Co-Curated Outdoors Collection

Retail TouchPoints

REI and West Elm have introduced the co-branded REI x West Elm collection of outdoor lifestyle products, which will be merchandised in the stores of both retailers and on their respective e-Commerce sites at REI.com/westelm and Westelm.com/REI. The partnership marks the first time that REI Co-op is selling gear through another retailer. A year in the making, the 35-product collection includes such items as folding chairs, reusable melamine tableware, outdoor blankets and pillows, and a portable

Outdoor 165
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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.

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How Retailers Can Fight Fraud During COVID-19

Retail TouchPoints

The COVID-19 pandemic has led to an onslaught of new challenges for retailers. Many have had to close physical locations and significantly reduce staff while finding new online channels to sell their products. But as retailers continue to work through these challenges and struggle to keep their businesses running, this new reality has also made it even more difficult for them to detect fraudulent activity.

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General Internet Launches E-Commerce Marketplace Management Tool

Retail TouchPoints

General Internet , a big data solution provider, has launched Marketfire, a financial management and reporting solution for e-Commerce marketplaces. The platform offers real-time reports and dashboards to help retailers fine-tune their performance. Marketfire connects to data sources from the main market platform using the e-merchant’s identification number.

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Tradeshift Platform Can Boost Collaboration Between Retailers And Manufacturers

Retail TouchPoints

Tra d eshift , a supply chain payment solution provider, has launched Tradeshift Engage, a seller engagement platform designed to build digital collaboration between suppliers and buyers. The tool offers users data-driven insights based on their relationship with suppliers by providing real-time visibility into transactions and the ability to finance payables on the go.

Finance 165
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Tuesday Morning Declares Bankruptcy, Plans To Close 230 Stores

Retail TouchPoints

Off-price retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection and will close approximately 230 of its 687 stores. The closures aren’t expected to begin until summer, and the company will continue its reopening efforts during the bankruptcy process. Tuesday Morning, like several other retailers that recently filed for bankruptcy protection, was hit hard by the COVID-19 pandemic.

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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

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Off-Price Quarterly Results Showcase Benefits Of ‘Essential Retailer’ Status

Retail TouchPoints

The COVID-19 pandemic has divided the discount vertical: Essential retailers such as Dollar General and Dollar Tree , which were able to keep most stores open, posted strong sales gains, while The TJX Companies and Ross Stores , which were deemed non-essential, reported significant losses. Dollar General saw its net sales rise 27.6% to $8.4 billion in Q1 2020, while same-store sales jumped 21.7% during the same period.

Markdowns 162
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UK retailers turn to digital to survive pandemic

Retail Technology Review

As a result of Covid-19, two-thirds (60%) [Q13:AY17] of UK retail companies are overhauling their business strategies, with almost half (42%) [Q12A:AY5] looking to invest in digital.

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Salesforce launches Quick Start Commerce Solutions to help propel businesses into the digital-first economy

Retail Technology Review

The world has transitioned to a digital-first economy, and online has become the lifeline for many businesses. New research shows that, in the UK, 41% are online shopping more than before the pandemic. .

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New report: Impacts to global e-commerce and fraud trends amid Coronavirus

Retail Technology Review

Forter, the e-commerce fraud prevention solutions provider, has launched the May edition of its monthly COVID-19 Report, that reveals the impact of the current climate on consumer behaviour and fraud and abuse trends.

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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.