Retail Dive
SEPTEMBER 12, 2022
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.
Retail TouchPoints
SEPTEMBER 12, 2022
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.
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Small Biz Trends
SEPTEMBER 12, 2022
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.
Inside Retail
SEPTEMBER 13, 2022
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.
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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.
Cisco Retail
SEPTEMBER 14, 2022
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.
Retail TouchPoints
SEPTEMBER 14, 2022
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.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
SEPTEMBER 13, 2022
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
Tokinomo
SEPTEMBER 14, 2022
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.
Retail TouchPoints
SEPTEMBER 16, 2022
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.
Retail Wire
SEPTEMBER 16, 2022
Amazon.com will no longer charge merchants monthly fees to use shipping software from Veeqo. It acquired the firm, which enables merchants to fulfill orders from platforms including eBay, Etsy and Shopify.
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.
Inside Retail
SEPTEMBER 12, 2022
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”.
Tokinomo
SEPTEMBER 13, 2022
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.
Retail TouchPoints
SEPTEMBER 16, 2022
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.
Retail Wire
SEPTEMBER 16, 2022
Walmart customers may soon be paying more for items that are substituted for out-of-stock items in their online orders. The retailer has charged customers the lower price of the two items (the one in its inventory and the out-of-stock) when a substitution is required but will soon simply charge the price of the item that is in the final order. “Customers and members will receive updates about this change in the Walmart app at various points in their shopping experience,” the company said in a me
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.
Inside Retail
SEPTEMBER 15, 2022
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
Wiser
SEPTEMBER 12, 2022
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.
Retail TouchPoints
SEPTEMBER 16, 2022
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
Retail Wire
SEPTEMBER 16, 2022
Kanye West has terminated his contract with Gap after claiming the retailer failed to meet its contractual agreement with the rapper and entrepreneur. “It was always a dream of mine to be at the Gap and to bring the best product possible,” Mr. West said “Closing Bell” on Thursday. “Obviously there’s always struggles and back-and-forth when you’re trying to build something new and integrate teams.”.
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
Inside Retail
SEPTEMBER 15, 2022
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.
Small Biz Trends
SEPTEMBER 10, 2022
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.
Retail TouchPoints
SEPTEMBER 14, 2022
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.
Retail Wire
SEPTEMBER 15, 2022
U.S. retail sales were up 0.3 percent in August following a downwardly revised drop of 0.4 percent in July, according to the Commerce Department. Eight of 13 retail categories tracked by the government increased in August.
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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.
Inside Retail
SEPTEMBER 14, 2022
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
Cisco Retail
SEPTEMBER 12, 2022
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.
Retail TouchPoints
SEPTEMBER 14, 2022
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
Retail Wire
SEPTEMBER 15, 2022
California’s Attorney General Rob Bonta said that his office is suing Amazon.com for what it claims are anti-competitive practices directed at third-party sellers. The suit alleges that Amazon penalizes marketplace sellers that sell their goods on other sites at lower prices. “Amazon makes consumers think they are getting the lowest prices possible, when in fact, they cannot get the low prices that would prevail in a freely competitive market because Amazon has coerced and induced its thir
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Inside Retail
SEPTEMBER 13, 2022
Retail and hospitality businesses will soon be able to draw on external expertise in their quest to reach net-zero emissions after the Australian Retailers Association (ARA) forged a partnership with clean-tech start-up Greener. . The two parties will co-design a digital solution called Greener Business tailored to help small businesses understand and prioritise the steps they can take to reduce their carbon footprint.
Small Biz Trends
SEPTEMBER 16, 2022
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.
Retail TouchPoints
SEPTEMBER 13, 2022
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.
Retail Wire
SEPTEMBER 15, 2022
Shein is planning to build three large distribution centers in the U.S. to help speed deliveries to customers in three to four days. The privately-held fast-fashion site currently ships orders from China to more than 150 countries where it operates. Shein opened its first distribution center in Whitestown, IN, earlier this year.
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
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