Retail Focus
MARCH 8, 2022
It is now widely accepted that the role of retail destinations has evolved considerably. Changes that had taken hold in the last decade have been accelerated by the pandemic and by the ensuing change in consumer habits. The response both from the retail industry and the real estate owners/investors has been widespread and varied. But the common theme is ‘relevance’.
Retalon
MARCH 7, 2022
Written by Mark Krupnik, CEO at Retalon. Read the original article published on Forbes here. Mark Krupnik, PhD, is one of the world’s top experts in advanced analytics & AI for retailers. He is the founder and CEO at Retalon. Store closures? You might think, “That has nothing to do with us. We can’t die. We are too big; our brand is iconic,” and so on.
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Retail TouchPoints
MARCH 7, 2022
Many eyes have been turned lately toward “ the metaverse.” But while the metaverse is certainly the topic du jour , it’s not necessarily as “new” as the media furor might suggest. Even more important, it might not actually warrant “top priority” status for most brands and retailers. . Want to learn more about the metaverse? Check out the upcoming Retail Innovation Conference & Expo where some of the leading minds in ecommerce and tech will be talking all things meta-commerce.
Inside Retail
MARCH 10, 2022
If you’re an entrepreneur trying to start or grow a business this year, you need a way to stand out from the competition. With 5.4 million new businesses started in 2021 in the US alone and that number rising every year, saying you’ve got your work cut out for you is one hell of an understatement. At FMD, we can confidently say that we offer some of the very best brand designs Melbourne has to offer.
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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 Wire
MARCH 11, 2022
Consumers in search of cheap gas may make their way to retailers such as BJ’s Wholesale Club, Costco and Sam’s Club to fill up their tanks. That may not be all good news for these chains as many sell fuel at very low margins and even sometimes at a loss.
Tokinomo
MARCH 8, 2022
Brands and retailers want the same things: build brand loyalty and drive sales. However, this is not an easy challenge. Most of the time, retailers and brands invest a lot of money in various types of promotions to increase brand awareness and sales.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
MARCH 8, 2022
Premium fashion brand Boss has collaborated with NFT company Boss Beauties to introduce the Boss x Boss Beauties Dream Like a Boss program, which aims to mentor young women. One of the Boss Beauties NFTs is on auction until March 12 and the revenue will be donated to the co-created mentorship program. In addition, a limited-edition T-shirt featuring the NFT is being sold on Boss’s website, with a share of sales going to the Dream Like a Boss program. .
Retail Wire
MARCH 8, 2022
Russia’s invasion of Ukraine has prompted many Western companies to suspend operations in the country, but not all. Yale University professor Jeffrey Sonnenfeld and his research team have compiled a list of companies still doing business in Russia that includes Coca-Cola, McDonald’s and Starbucks. Eighty-five percent of McDonald’s restaurants in Russia are corporately owned and operated.
Retail Focus
MARCH 8, 2022
Frasers Group plc has opened the doors to its latest FLANNELS store in Preston. The next generation luxury retailer continues with the commitment to investing in retail and bringing world-class shopping destinations to new locations throughout the UK. Situated in Deepdale Shopping Park, the 15,000 sq ft. site will house a selection of carefully curated men’s, women’s and junior luxury designer clothing and accessories from some of the most coveted luxury names in fashion, including Alexander McQ
Retail TouchPoints
MARCH 9, 2022
It’s no secret that malls are struggling for relevancy. Once the “it” hangout spot for elderly mall walkers and teenyboppers alike, many malls have been left in the dust by rapid shifts in the way consumers live, work and shop. In mid-2021 Moody’s Analytics predicted that of the roughly 1,000 or so traditional malls left in the U.S., 20% would close or go through a “major repurposing” in the very near future, and other analysts have predicted closure rates closer to 30%.
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Inside Retail
MARCH 6, 2022
Woolworths Group says it will open a large Big W store alongside its refurbished Woolworths supermarket at Sydney’s Town Hall later this year. The group has invested more than $10 million in the new store, hoping to help reinvigorate the city’s CBD as Covid restrictions ease. With the two brands under one roof, city residents and commuters can pick up a broad range of products along with grocery essentials on the go.
Retail Wire
MARCH 7, 2022
Fast Retailing, the parent company of Uniqlo, will keep its stores in Russia open even as others have suspended operations over Russia’s invasion of Ukraine. “Clothing is a necessity of life. The people of Russia have the same right to live as we do,” said Fast Retailing CEO Tadashi Yanai.
Retail Focus
MARCH 7, 2022
LK Bennett has announced the opening of their new Flagship store at 95-96 New Bond Street. The new store follows a fluid, open-plan layout, that combines fresh, contemporary comfort with sleek and deliberate detailing. The store utilises custom-built fittings and fixtures created to enhance and elevate the customer shopping experience, LK Bennett New Bond Street will showcase new collections, as well as much-loved carry-forward pieces, and is a true example of the rejuvenation that the British h
Retail TouchPoints
MARCH 9, 2022
Lululemon has kicked off its first footwear collection after more than 20 years of focusing on athleisurewear. Starting with the introduction of women’s styles on March 22, Lululemon will introduce the first design, named Blissfeel, a running shoe with foam cushion technology, in North America, China and the UK. The shoe will launch in 10 colors. “Footwear is the natural next step for us to expand and apply our long history of innovation in fit, feel and performance, and it represents an exciti
Advertiser: Experience Retail Today
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Inside Retail
MARCH 7, 2022
Youth streetwear retailer Glue store has launched an in-store footwear recycling program and a circular wardrobe in partnership with AirRobe. . The brand has partnered with TreadLightly, a recycling initiative powered by the Australian Sporting Good Association (ASGA) and recycler Save our Soles (SOS), to encourage customers to divert their used footwear to recycling plants rather than landfill.
Retail Wire
MARCH 7, 2022
The Stoli Group is undergoing a “major rebrand” that will see it end “the use of the Stolichnaya name. “While I have been exiled from Russia since 2000 due to my opposition to Putin, I have remained proud of the Stolichnaya brand,” said Yuri Shefler, the brand’s founder. “More than anything, I wish for ‘Stoli’ to represent peace in Europe and solidarity with Ukraine.
Retail Focus
MARCH 7, 2022
Buyer or consumer loyalty is the holy grail of B2C and B2B. The average B2B brand gets 30% of its total revenue from loyal customers. Numerous well-researched strategies provide fruitful results – but brands need to measure the success to maximize the potential of buyer loyalty strategies. Plus, there are benefits of going further to ensure loyalty programs are working – acquiring a customer is 25 times more expensive for a brand, but successfully retaining loyal ones can increase pr
Retail TouchPoints
MARCH 11, 2022
Peloton is trialing a new pricing system and has expanded its senior leadership. The changes were introduced one month after new CEO and President Barry McCarthy took over to lead the company following a difficult 2021. The company’s shares are down more than 80% over the last 12 months and fell 3.91% on March 10, closing at $22.61. On March 11, Peloton introduced a new pricing model for its workout equipment and on-demand classes as a new offering named One Peloton Club, under which customers w
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
MARCH 10, 2022
Australian supermarket chain Woolworths has changed the labelling of its own brand Chicken Kievs to Chicken Kyiv to reflect its true name in Ukrainian spelling to align with the nation’s capital city and show solidarity with its people. For the next four weeks, the supermarket will donate 50 cents from each pack sold to the Australian Red Cross Ukrainian Crisis Appeal.
Retail Wire
MARCH 11, 2022
Fast-fashion chain Primark has no plans to enable online ordering with delivery. It may, however add a buy online and pickup in-store service in response to changes in consumer shopping behavior. The chain plans to launch a new website in the UK and 13 other markets by the end of the month.
Wiser
MARCH 8, 2022
Keeping your field teams invested is one of the most beneficial things you can do for your brand. After all, your reps on the ground do spend the most time interacting with buyers and retailers. Building a lasting relationship with these employees and ensuring they feel connected to their company can raise morale and retention rates, increase customer satisfaction, and even boost overall company sales.
Retail TouchPoints
MARCH 9, 2022
Disruptions to the supply chain, shifts in customer behavior, and even unexpected weather events are impacting retail sales across ecommerce and brick-and-mortar — changing where, when, how and why customers purchase. It’s those retailers that can most quickly and accurately react to these turbulent market forces and behaviors that are creating the most innovative and positive customer experiences.
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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
MARCH 10, 2022
Technology company Shippit has teamed up with Uber to launch one-hour shipping in Australia. Although one-hour delivery is hugely popular with grocery supplies, it is a first for Australian fashion retailers to offer patrons delivery within such a limited time window. The one-of-a-kind partnership will use Shippit’s software to access more than 50,000 delivery partners across the country. .
Retail Wire
MARCH 10, 2022
Amazon.com’s announced 20-to-1 stock split will make the company’s shares more accessible to individual investors. The company also announced that would buy back $10 billion of its shares.
Cisco Retail
MARCH 11, 2022
It’s Pi Day, everyone — my favorite crowd-sourced holiday. And not just because of my deep affection for fruit/sugar-filled pastries. Nope, since it was first released ten years ago, I’ve loved the Raspberry Pi microcomputer. So, when I was asked if I had any ideas for a Pi-Day blog, I knew exactly what I wanted to write. So, I bring you… 5 Reasons a Raspberry Pi Belongs in Your Network Lab!
Retail TouchPoints
MARCH 8, 2022
Whether they’re shopping for clothes, toys, books, furniture or electronics, consumers shopping for baby items can easily be overwhelmed by the volume of information available — especially online. For more than a decade, Babylist has helped make researching, registering and buying items more seamless, thanks largely to its robust content strategy. Now, as its users rely more on digital channels and content to make buying decisions, Babylist is reaching a new frontier of engagement with its Cribs
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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.
Inside Retail
MARCH 10, 2022
After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. Much of this came from customers who are members of the Myer One loyalty scheme – with 70 per cent of all sales coming through the program.
Retail Wire
MARCH 10, 2022
Research by Schick, owned by Edgewell Personal Care, finds that aspirational marketing doesn’t work as well as it once did. Today’s consumers are “just more sophisticated in their understanding of marketing and media,” said Matt Bell, svp and general manager of Edgewell’s shaving business in North America. “They’re craving an authentic voice that isn’t trying to sell them a fantasy, but instead can show them reality.”.
Cisco Retail
MARCH 10, 2022
The long and storied history of Cisco’s first certification begins in the 1990s, when the Cisco Certified Internetworking Expert (CCIE) certification was launched. 30 years later, the CCIE certification is widely recognized as the pinnacle of achievement in networking, and attaining it despite the arduous nature of certification demonstrates mastery of your chosen domain.
Retail TouchPoints
MARCH 7, 2022
At its virtual Investor Day March 7, Kohl’s outlined its strategy to drive growth and “become the retailer of choice for the active and casual lifestyle,” with plans to add more small-format stores, continued expansion of its Sephora at Kohl’s partnership and enhanced data science applications to drive personalization and relevancy for both online and offline customers.
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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