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Market disruption has triggered massive changes in the retail sector, and one of the biggest developments is a major shift by shoppers toward m-commerce or mobile shopping and ordering.
In early 2022, a top 10 footwear brand dropped an exclusive line of sneakers. Traffic to the site soared. The sneakers sold out. On the surface, everything went as planned. But behind the scenes, something was wrong. Queue-it ran a post-sale audit on this sneaker drop, finding up to 97% of the activity was inorganic — clicks, visits and requests from bots designed to snatch up stock for resale at huge markups.
As I have met small business owners over the last two decades, I have realized that financial illiteracy is rampant. Less than 50% of those I have met can read their profit and loss statement and only 25% can understand their balance sheet. My guest on The Small Business Radio Show this week says this issue is especially true for minorities. Lisa L.
Sustainability has become a top priority for investors and consumers concerned about the looming climate crisis – and the fashion industry, one of the leading creators of global emissions, is increasingly focused on portraying its green cred. According to the United Nations Environment Programme , fashion accounts for up to 10 per cent of global carbon dioxide output – more than international flights and shipping combined.
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
This is the second blog in a three-part series on application resource management. Also see “ How IT can become a better business partner through application resource management ” and join us next week for “What to look for in an application resource management solution.”. Today’s digital economy runs on applications that are fueled by resources from a diverse set of environments, distributed technologies, architectures, platforms, and tools.
Walmart and P&G have joined forces to offer free in-store recycling collection for beauty packaging at 25 Walmart locations across Pennsylvania, New Jersey, Oklahoma and Arkansas. The program is being run in partnership with TerraCycle , which offers recycling solutions for products not typically collected by curbside programs, and is free to customers through sponsorship from Walmart and P&G.
Liverpool, the high-end department store chain, has acquired a 9.9 percent stake in Nordstrom. The Mexican company reported double-digit sales growth in the second quarter, which it attributed to its inventory management expertise, solid merchandising and higher prices. Liverpool said it took the stake in Nordstrom because it saw the retailer as “an attractive opportunity to diversify assets geographically.
Liverpool, the high-end department store chain, has acquired a 9.9 percent stake in Nordstrom. The Mexican company reported double-digit sales growth in the second quarter, which it attributed to its inventory management expertise, solid merchandising and higher prices. Liverpool said it took the stake in Nordstrom because it saw the retailer as “an attractive opportunity to diversify assets geographically.
Australian retailers generally fared well over the last 18 months during the Covid-19 pandemic, despite temporary store closures as part of government-imposed lockdowns, although headwinds may be on the horizon. Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for t
Every retail professional wants to stay on top of his game. Constantly learning about shopper behavior is a must in this competitive industry. Shopper behavior and trends change at a rapid pace, making it hard for professionals to keep up with these changes.
Gen Z is arguably one of the most in-demand, and yet most elusive, generations of our time. While some brands claim to completely understand what these consumers really want, there are many times when Gen Z shoppers’ thoughts and behaviors don’t quite match up. And at a time when knowing and resonating with your customer is the key to survival, retail brands are hoping to get further context.
In the restaurant business, they say that “People eat with their eyes first.”. That means that even if the food is cooked perfectly and is delicious, a bad presentation can put someone off before they even try it. Retailers and brands are facing the same challenges. You might have the best products or prices on the market, but if your stores are bland or the products are poorly displayed, people will look elsewhere.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Australian fashion brand Aje has made its first “off-schedule appearance” at the New York Fashion Week. At an immersive show at Roll & Hill in Manhattan, the brand featured curated pieces from its Spring Summer 23 ‘Lumen’ collection teaming up with NY-based creative agency Replica. The brand says its ‘Lumen’ collection pays “homage to the perennial beauty and power of dawn, a symbol of hope and new beginnings”.
Campaign scoop. Hard I Dew. Ever loved a beverage so much that you want to marry it? Well, Hard MTN Dew gives you that possibility. For their latest campaign, the boozy beverage is inviting single people to sign in on the website. The winner will get married with a can of Hard MTN Dew in Las Vegas. No, the marriage is not legally binding.
GameStop has announced a new perk for its loyalty members in the Web3-based competitive trading card game “ Gods Unchained ” as the retailer continues to look for new ways to revitalize its business. The exclusive program will give GameStop PowerUp Rewards Pro members a unique code that they can redeem for “Gods Unchained” expansion packs. Each pack will consist of a set of collectible NFT trading cards that Pros can trade, sell or use in the game.
In my conversations with customers and partners, there are two topics that are different but somewhat related: compliance and device configuration management. In my latest blog, “Compliant or not? Cisco DNA Center will help you figure this out” , we discussed compliance capabilities in Cisco DNA Center 2.3.3. In this blog, I will address device configuration management.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Yvon Chouinard, the billionaire founder of the outdoor apparel brand Patagonia, said he is giving away the company to a trust that will use its profit to fight the climate crisis. Instead of selling the company or taking it public, Chouinard, who became famous for alpine climbs in Yosemite National Park and has a net worth of US$1.2 billion, is transferring his family’s ownership of the company to a trust and a non-profit organisation. “Each year, the money we make after reinvesting
The modern data stack is not dead, in spite of the many conversations going around the internet to this tune. Challenging? For sure. Bloated? Yes. Out of touch with reality? Most of the time. But thinking about the purpose of these combined technologies — using data for analytics and activation — the need is greater than ever. Maybe we will start to call it something different, but this set of technologies and the purposes they serve still represent a major growth opportunity for most businesses
I am consistently asked by our customers: How can manufacturers contain customer satisfaction without excessive overstock? How can manufacturers better predict the output of manufacturing? What is the impact of manpower, materials, and methods on OEE? Could there be a link between IT-OT infrastructure and manufacturing visibility and resiliency? Manufacturers are meeting these challenges by adopting a digital first model and many plan on accelerating their technology transformation to power real
When it comes to driving traffic and growing your online presence, businesses often ask: SEO or PPC—what’s the better choice? This guide breaks down the key differences between search engine optimization (SEO) and pay-per-click (PPC) advertising, highlighting their pros, cons, and best use cases. Whether you’re looking for long-term organic growth or immediate visibility through paid ads, we’ll help you determine which strategy—or combination of both—is right for your business.
The US Wendy’s burgers brand is heading to Australia and is on the hunt for a master franchisee. The iconic brand is reportedly the world’s third largest quick service restaurant burger chain, with about 7,000 outlets worldwide. Founder Dave Thomas opened the first Wendy’s restaurant in 1969. His mission was to serve well-priced, good quality food in a comfortable environment.
If there is one constant in today’s digital ecosystem it is fast development. As a small business, it is imperative to find out what these developments are and see if you can implement them into your workflow. REUTERS MOMENTUM is an event looking to showcase what these technologies are and show you how you can shape the future of your company with these innovations.
Olympia Sports has filed for Chapter 11 bankruptcy protection, seeking an orderly wind-down of its operations. The retailer plans to close its 35 remaining brick-and-mortar stores by Sept. 30, 2022, according to a filing with the U.S. bankruptcy court in Delaware. In 2019, RSG Acquisitions bought Olympia’s intellectual property, online stores and 75 of its then 152 stores.
The hybrid work environment has been around for years, albeit not common but it existed. I can recall my first job where I was able to split my time working in an office and working from my makeshift home office. This was many moons ago as I will call it… pre-COVID-19. . Job seekers are certainly looking to have the flexibility of working from anywhere at any time – preferably in an environment of their choosing.
AI is rapidly transforming digital commerce, but how do you separate real opportunities from hype? Moderated by Orium, AI for Commerce: Foundations, Aspirations, and Hype , experts from Bloomreach , commercetools , Contentstack , and Fluent Commerce explores where AI is already delivering results and where its potential is still unfolding. This masterclass dives into proven AI applications, emerging innovations , and the gaps between promise and reality in commerce.
Mosaic Brands has paid $266,400 in penalties following two infringement notices issued by the Australian Competition and Consumer Commission (ACCC) for misleading representations. Mosaic Brands advertised a KN95 mask for sale on its Autograph Fashion website in August last year and described it as an “FDA and CE approved” product, however, it was neither backed by the US Food and Drug Administration nor Conformitè Europëenne in the EU.
Grant opportunities come from public and private organizations and as an applicant, you have to keep an eye out for what is available. This is because there are new grants being offered all time. And when it comes to grants, time is of the essence. Applying early gives you a better chance, especially for grants with narrow application windows. With that in mind, here are some grants available now you can apply for as a small business owner.
One could argue that few, if any industries have been impacted more by the pandemic, and now by inflation, more than retail. The pandemic not only dramatically altered the way consumers shop, it altered the way retailers operate. Now, inflation is adding yet another wrinkle both in terms of costs to the consumer as well as suppliers. It is now more crucial than ever for retailers to rethink the way they are looking at user experiences and customer journey mapping in order to drive personalizatio
We hear and over again that security resilience is the ability to protect the integrity of every aspect of your business in order to withstand unpredictable threats or changes – and then emerge stronger. You may wonder how this is any different from plain old ‘resilience’, and you’ll find the answers in The 5 dimensions of security resilience.
This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia
To remove barriers to employment, The Body Shop Australia says it will fill all seasonal roles in-store through its inclusive Open Hiring Program. Following last year’s success, the retailer says its Open Hiring initiative removes traditional barriers and bias to employment and provides experience, skills and training to participants. Partnering with local charities such as Launch Housing, Little Dreamers and APM Employment services, the retailer has encouraged First Nations Australians, young c
The pandemic changed the entire business landscape over a short time period. Customers now expect digital experiences by default. Leaders expect data at their fingertips. Employees expect to work remotely. How did everyone’s expectations change so quickly? There were a number of factors. The urgency of the pandemic gave most companies clear priorities, business and […].
Rent the Runway will lay off nearly one-quarter of its corporate employees as it seeks to deal with a decrease in active subscriptions in fiscal Q2 2022, which ended July 31, 2022, compared to fiscal Q1. Active subscribers decreased from approximately 135,000 to 124,000 , and the number of paused subscriptions increased from around 42,000 to 49,000.
Contributing author: Annie Li, Product Marketing Specialist Intern. Experience can be defined as, “having been affected by direct observation or participation.” It’s no secret that the business world is becoming intensely user-focused and experience-driven. If we look at most technological advancements of recent times, they all have one thread in common – creating and delivering greater unified experiences.
ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!
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