Retail TouchPoints
MAY 27, 2020
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.
RepslyBlog
MAY 27, 2020
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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Retail Adventures
MAY 23, 2020
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.
Wiser
MAY 26, 2020
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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Retail TouchPoints
MAY 29, 2020
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.
Hello Small Shop
MAY 25, 2020
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.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retalon
MAY 25, 2020
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.
Retail TouchPoints
MAY 29, 2020
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%.
Retail TouchPoints
MAY 28, 2020
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.
Retail TouchPoints
MAY 29, 2020
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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Retail TouchPoints
MAY 29, 2020
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.
Retail TouchPoints
MAY 29, 2020
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.
Retail TouchPoints
MAY 28, 2020
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.
Retail TouchPoints
MAY 29, 2020
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
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Retail TouchPoints
MAY 28, 2020
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.
Retail TouchPoints
MAY 28, 2020
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.
Retail TouchPoints
MAY 28, 2020
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.
Retail TouchPoints
MAY 27, 2020
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.
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 TouchPoints
MAY 28, 2020
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.
Retail Technology Review
MAY 27, 2020
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.
Retail Technology Review
MAY 26, 2020
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. .
Retail Technology Review
MAY 26, 2020
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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