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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’.
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.
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.
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.
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.
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.
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.
With industries around the world showing interest in the metaverse, retail leaders are facing the exciting opportunity to follow suit and provide customers with the ease of online shopping without compromising the benefits of the physical experience. For example, Forever 21 is getting involved by collaborating with the popular online game Roblox, allowing users to customize virtual fashion stores using Forever 21 products and then purchase the physical equivalents on their website.
With industries around the world showing interest in the metaverse, retail leaders are facing the exciting opportunity to follow suit and provide customers with the ease of online shopping without compromising the benefits of the physical experience. For example, Forever 21 is getting involved by collaborating with the popular online game Roblox, allowing users to customize virtual fashion stores using Forever 21 products and then purchase the physical equivalents on their website.
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. .
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.
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
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%.
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.
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.
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.
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
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
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.
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.
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.
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.
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
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.
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.
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!
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.
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.
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.
Technology advances are meant to improve our lives, from better protection to faster connections to simplifying and streamlining processes for better efficiency. But with every new advancement and innovative framework there seems to come a new acronym to keep track of in the already crowded space of cybersecurity tech terms. C2. CSIR. SASE. And now, Security Service Edge, or SSE.
Excelero, a Tel Aviv-based provider of high-performance software-defined storage, is now a part of NVIDIA. The company’s team of engineers — including its seasoned co-founders with decades of experience in HPC, storage and networking — bring deep expertise in the block storage that large businesses use in storage-area networks. Now their mission is to help expand support for block storage in our enterprise software stack such as clusters for high performance computing.
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
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
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. .
For the past year, we’ve been working to develop and publish use cases for SecureX orchestration. To date, we’ve published 64 workflows that address a wide variety of use cases including automated investigation, automated response, incident promotion, and more. One of our newer use cases, number 53 , brings Kenna Security into the orchestration ecosystem.
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.
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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