Tokinomo
FEBRUARY 8, 2023
Stockouts can be a major issue for retailers, leading to lost sales, frustrated customers, and a damaged reputation. Avoiding stockouts requires careful planning and attention to detail, but the effort is well worth it. By taking the right steps, retailers can keep their shelves fully stocked and meet the needs of their customers.
Retail Focus
FEBRUARY 9, 2023
Are you considering offering your customers same-day delivery? If so, you should first spend time considering the following advantages and disadvantages. Three Reasons to Offer Same-day Delivery Let us begin with the positives. The following three reasons why you should provide same-day delivery will undoubtedly make you think same-day deliveries are a good idea. 1.
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Inside Retail
FEBRUARY 7, 2023
The cost of customer acquisition on Google ads has become higher than ever before, with most brands now paying an average of $28 per customer – enough to cover a takeout meal, a decent bottle of red, or two movie tickets on cheap Tuesdays. There’s a clear need for high-performing alternatives to Google and Facebook that help brands convert customers for less, without sacrificing quality or reach.
Hyken
FEBRUARY 7, 2023
If you show your employees a little love this Valentine’s Day, they will reciprocate with a little love for you, your company, and your customers. Earlier this year, I shared a business prediction for 2023: Companies will focus as much – maybe more – on their employees as they do on customers. If you’ve been following my work, this isn’t anything new.
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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.
Retail TouchPoints
FEBRUARY 10, 2023
Kroger and Albertsons Companies are reportedly working on plans to sell between 250 and 300 of their combined 4,996 stores in order to alleviate U.S. antitrust concerns regarding their merger, people familiar with the matter told Reuters. The move is aimed at easing regulators’ concerns that the deal could lead to grocery price hikes during a time of heavy inflation.
Retail Focus
FEBRUARY 7, 2023
The EuroShop trade fair, held in Düsseldorf from 26th February to 2nd March 2023, will showcase the latest developments in retail design, shop fitting and visual merchandising. This sector, one of eight experience areas at EuroShop, is the largest and most diverse, with 328 exhibitors showcasing their latest products and ideas over 28,000 square metres of exhibition space in Halls 10, 11, 12 and 13.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Tokinomo
FEBRUARY 7, 2023
Campaign Corner Teasing the roast. In this commercial , Mr. Peanut, the famous Planters character, will participate in a comedy roast but constantly interrupts the Roastmaster General, Jeff Ross. Despite his attempts to offer jokes, he doesn't understand that he can't help with his own roast. The Roast of Mr. Peanut will take place during Super Bowl LVII on Feb 12, 2023.
Retail TouchPoints
FEBRUARY 10, 2023
Albertsons has introduced the Sincerely Health platform, built in collaboration with healthcare providers, insurance and technology companies and using insights gathered from more than 10,000 customers and associates. The platform is accessible on the websites and apps of 16 of the supermarket giant’s banners, including Albertsons , Shaw’s, Safeway, Vons, Jewel-Osco, Acme and Tom Thumb.
Retail Focus
FEBRUARY 6, 2023
EuroShop 2023 is set to be more important than ever as the global retail industry looks to recover from the effects of the pandemic. Taking place in Düsseldorf from 26 February to 2 March, EuroShop will provide a platform for over 1,700 exhibitors from 56 nations to showcase their latest developments and innovations in the retail industry. EuroShop will showcase innovative solutions from exhibitors designed to help retailers adapt to the changing customer habits and needs.
Inside Retail
FEBRUARY 9, 2023
L’Oreal posted 8.1 per cent sales growth in the fourth quarter, a touch slower than in the previous three months, with firm demand in the United States and Europe helping to offset the dent from coronavirus disruptions in China. The cosmetics company, which sells Maybelline mascara and CeraVe skincare, recorded sales for the last three month of 2022 of US$11.1 billion, in line with analyst expectations, according to Refinitiv data.
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.
Retail Wire
FEBRUARY 10, 2023
Adidas’ split with Ye, formerly known as Kanye West, could cost the company $1.3 billion in sales this year. The sportswear brand severed its relationship with Ye following a series of antisemitic statements made by the rapper and entrepreneur.
Retail TouchPoints
FEBRUARY 10, 2023
As any beauty loyalist will attest, there is nothing more gut-wrenching than a favorite product being discontinued. Beauty brands know this, of course, which is why the decision to discontinue a product line is never taken lightly. Prestige beauty brand Benefit Cosmetics found itself in this tricky situation last year when it decided to replace its current line of blushes with a new range.
Retail Focus
FEBRUARY 9, 2023
“Proximity” has become a controversial term when it comes to retail. In an urban setting, “proximity” goes back to its golden age because customers find it more practical and suitable for shopping around the corner. In remote villages, proximity retail suffers. Customers find it more convenient to drive back and forth to find a retail conglomerate to make or complete their purchases.
Inside Retail
FEBRUARY 8, 2023
Sportswear giant Adidas has revealed its first brand-new label in five decades – Adidas Sportswear, which will launch this month. The new line, in partnership with producer and style icon Jenna Ortega, aims to elevate the wearer’s everyday appearance with a selection of modern fits featuring cutting-edge performance technology to bring the same level of comfort and assurance to everyday life as its performance collections have for athletes for decades.
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 Wire
FEBRUARY 10, 2023
The U.S. economy has proven more resilient than many economists expected with job growth continuing despite layoffs and consumer spending remaining relatively strong in the face of inflation.
Retail TouchPoints
FEBRUARY 6, 2023
JCPenney has appointed Keith Melker as its new Chief Strategy and Transformation Officer. Key areas of focus will include driving profitable consumer traffic, enhancing inventory management, further advancing digital growth and evolving the value delivery model. Keith Melker Melker’s most recent position was CEO of Wehner Multifamily, a Texas-based property management company.
Retail Focus
FEBRUARY 8, 2023
In a bid to offer an elevated retail experience and inspire youth culture, Foot Locker has opened a new, 10,000 sqm store in the UK. The store sets a precedent by combining innovation and technology to provide customers with the ultimate shopping experience. By making visitors active participants and going beyond traditional retail, the brand aims to build a deeper connection with the local community.
Inside Retail
FEBRUARY 7, 2023
While love will be in the air this Valentine’s Day, there’s mixed data relating to whether customers will buy in, on account of cost of living challenges, and a change in the way that the holiday is celebrated. Research from the Australian Retailers Association (ARA) and Roy Morgan from late January showed that customers are set to spend $485 million during Valentine’s Day, up 16.9 per cent on the previous year.
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
Retail Wire
FEBRUARY 10, 2023
Kroger and Albertsons are looking at selling between 250 and 300 stores in a strategy to gain approval from the Federal Trade Commission for their planned merger. The two supermarket giants operate 4,996 stores combined.
Retail TouchPoints
FEBRUARY 7, 2023
Macroeconomic forces — from inflation to corporate layoffs and the unknown impacts of a recession — are creating uncertainty throughout the retail industry. But the luxury market sits in a unique position of growth: spending on luxury goods grew approximately 20% in 2022, according to Bain & Company , and it is likely to expand further through 2023.
Retail Focus
FEBRUARY 9, 2023
As a rental property owner, it can be easy to make mistakes that can cost you time, money, and headaches. Here are some common mistakes rental owners make and how to avoid them. Not running adequate checks on a potential tenant One of the rental owners’ biggest mistakes is not conducting thorough background checks on potential tenants. It’s important to verify a tenant’s income, credit history, and rental history to ensure they will be able to pay rent on time and take care of
Inside Retail
FEBRUARY 7, 2023
E-commerce platform Ebay is set to lay off 500 employees globally – about 4 per cent of its workforce. On Tuesday, Ebay CEO Jamie Iannone said the decision was made after considering the effects of the “current macroeconomic situation around the world” and to better evolve the organisation into the next step of its strategy. When approached for comment, an Ebay Australia spokesman would not say how many staff in Australia will be laid off and would not comment further “Today’s actions are design
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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.
Retail Wire
FEBRUARY 9, 2023
Prices for goods sold online in January fell one percent, marking the fifth straight month of declines, according to Adobe’s Digital Price Index (DPI). Patrick Brown, vice president of growth marketing and insights at Adobe, said, “Current demand levels are driving retailers to hold prices down and continue to clear out excess inventory.
Retail TouchPoints
FEBRUARY 6, 2023
So far, 2023’s business outlook has been marked by uncertainty: Will a recession hit, and if so, how severe will it be? What will the Fed’s next move be? How will consumers and markets respond? While a cloudy future often leads businesses to hunker down and reduce costs any way they can, retailers are responding in a surprising way. Instead of preemptively cutting back, many are planning to spend more this year.
Retail Focus
FEBRUARY 9, 2023
We face plenty of dilemmas on a daily basis. But few are as polarising as which mobile phone system you should choose: Google Android or Apple iOS? If you’re weighing up whether to get the latest iPhone or a rival handset from the likes of Samsung, here are some of the benefits of each to help you decide. Why get an iPhone? Not convinced an Android is for you?
Inside Retail
FEBRUARY 8, 2023
Legal proceedings have commenced against the franchisor of the 85 Degrees cafe chain, lodged by Fair Work Ombudsman, relating to alleged underpayments by franchisees. The case is a landmark in that it represents the first time the FWO has commenced proceedings against a master franchisor rather than individual franchisees who are employing staff and underpaying them.
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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.
Retail Wire
FEBRUARY 9, 2023
Retailers are locking up items that are frequently stolen in stores. That means customers have to request help to gain access to the products they want to purchase. The wait time has led to unhappy customers, prompting retailers to pursue the use of technology that will help prevent theft and give shoppers the faster access they want.
Retail TouchPoints
FEBRUARY 7, 2023
The Retail Innovation Conference & Expo (RICE) and PAVE Global are expanding their partnership to bring unique content and exclusive networking opportunities to the 2023 show, which will take place June 13-15 at McCormick Place in Chicago. Both organizations are committed to supporting the future of the retail design industry in a meaningful way, with RICE focused on creating a collaborative space to connect retail leaders and PAVE Global focused on empowering the next generation of design l
Retail Focus
FEBRUARY 8, 2023
Despite having a relatively good year for new Apple products in 2022, Mark Gurman of Bloomberg claims that the company may not be able to produce much excitement around new products for the remainder of the year. So instead, it might unveil new products at a relatively low-key event. As the end of the product cycle for Apple approaches, we’re starting to look ahead to next year.
Inside Retail
FEBRUARY 8, 2023
After a shaky few years, Brand Collective’s Black Pepper is on the front foot and looking to grow. The womenswear retailer consolidated through the Covid-19 pandemic, closing stores while also focusing on its growing online presence. But with a new owner, and new funding, the business is set to reclaim some of its scale. According to general manager Rachel Digby, Black Pepper is set to open a number of new stores in 2023, and is already investing in making its existing stores more “luxurious”.
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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