Retail Minded
DECEMBER 21, 2022
The retail business has been around since time immemorial and it has grown to be one of the most prominent industries in the world. Managing and accounting the finances of a retail business is not an easy job, but it has to be done efficiently to ensure the business can diligently track revenues and losses. . Efficiency in accounting cannot be achieved without the right people in place.
Retail Dive
DECEMBER 19, 2022
While the tech can speed up shopping trips and let employees take on new tasks, it doesn’t come without its frustrations, experts say.
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Small Biz Trends
DECEMBER 19, 2022
Sponsored Post. Online reviews play a critical role in business. From everything like local restaurant choices, to hair salon decisions to online product purchases – it’s likely that the first thing you do is read the businesses online reviews. According to a recent study , the number of people who check online reviews first is as high as 77%.
Inside Retail
DECEMBER 21, 2022
Australian shoppers are ready and are headed back to stores, bringing with them high expectations that the products they want will be in stock. According to Oracle’s latest Retail Consumer Study , 53 per cent of consumers plan to shop mostly in-store this holiday season, and an additional 25 per cent plan to shop through a combination of in-store and online channels.
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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
DECEMBER 19, 2022
Retailers looking to take full advantage of each store they operate need to consider not only their own value proposition but what the surrounding area offers as well. Malls and outdoor spaces both offer advantages to physical retailers, and making the most of these opportunities is a matter of understanding why and how shoppers are visiting each area, according to Placer.ai’s Retail Corridors and Indoor Malls: A Holiday Head-to-Head report.
Tokinomo
DECEMBER 21, 2022
Are you looking for ways to prepare for the challenges of the retail industry in 2023? We've compiled a list of the best resources for retail professionals, including blogs, podcasts, books, and guides to help you stay up-to-date on the latest trends.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
DECEMBER 18, 2022
Private equity firm Anchorage Capital Partners has entered a binding agreement to acquire David Jones from South African retail company Woolworths Holdings for an undisclosed sum. A spokesperson for Anchorage called the deal a “landmark transaction”, and said the firm was thrilled to take on the 183-year-old department store. “David Jones has a storied history, immense brand value and unparalleled assets — including an attractive retail footprint, a loyal customer base, and ded
Retail TouchPoints
DECEMBER 22, 2022
Grove Collaborative , which offers a range of sustainable household and personal care items, faces delisting on the New York Stock Exchange (NYSE) if its share price doesn’t rise within six months. The NYSE, which alerted Grove about the problem in a Dec. 14, 2022 Securities and Exchange Commission filing , requires companies to maintain a share price of at least $1 over a consecutive 30-day period to remove the delisting threat.
Tokinomo
DECEMBER 19, 2022
Holiday commercials. Macy is speechless. You know the moment when you give somebody you love a gift and hold your breath until they react? This is the essence of Macy’s Christmas commercial. A family is unwrapping gifts and when the mother thought they were done, her husband surprises her with the ultimate gift. We all held our breath waiting for her reaction.
Retail Focus
DECEMBER 20, 2022
Grosvenor has announced that leading British retailer, Marks & Spencer (M&S), is to join Liverpool ONE, anchoring South John Street in two floors of the former Debenhams. Set to open in mid-2023, the retail giant is relocating from Church Street to create a 100,000 sq ft store in a move that reaffirms the brand’s commitment to the city centre.
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
DECEMBER 19, 2022
Lingerie label Victoria’s Secret is set to launch its first Australian store-of-the-future retail concept on the ground level of the luxury shopping complex Emporium Melbourne this Wednesday. . The concept store will introduce a new design with a more open floor plan, brighter lighting, updated fitting rooms, a beauty bar, and soft touches throughout.
Retail TouchPoints
DECEMBER 22, 2022
Celebrus has released Celebrus CX Vault, a platform designed to deliver relevant messages to shoppers while keeping their information private. Celebrus CX Vault utilizes no-party data, an information technique that does not use tracking, sharing or cookies of any kind. The solution was created to work by recognizing the context of a browsing session in real time and then applying machine learning to further determine and interpret user interest.
Retail Wire
DECEMBER 23, 2022
The Labor Department has fined a Hendersonville, N.C., Chick-fil-A location for violations of the Fair Labor Standards Act for giving workers meal vouchers instead of legal tender. The location also employed underage workers for the same task — directing customers through the drive-thru. The location has been directed to pay $6,450 in penalties and back-pay of $235 to the seven workers.
365 Retail
DECEMBER 21, 2022
Rising inflation, supply chain disruptions, and a rocky economic outlook for 2023 may have retailers feeling spooked this year, especially as companies are still recovering from the pandemic. . But there is plenty of opportunity for brands to use technology to innovate and thrive in the new year. Here’s an overview of the most important trends every retailer needs to pay attention to in 2023.
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
DECEMBER 21, 2022
Listed online retailer Kogan has bought Brosa, the collapsed online furniture chain for $1.5 million, just a week after it entered voluntary administration. Michael Korda and Richard Tucker of administrators KordaMentha said Kogan was the successful bidder after more than 30 prospective buyers expressed an interest in the stricken chain. Kogan said Brosa would be relaunched with an expanded range and value and maintain its brand and website.
Retail TouchPoints
DECEMBER 19, 2022
Torrid has entered the Resale-as-a-Service (RaaS) business to serve its size 10-to-30 customers, becoming resale platform ThredUP ’s first plus-size brand. The ThredUP RaaS platform allows brands to tap into its Clean Out program, which helps consumers clean out their closets for retailer credit. U.S. customers can print a prepaid shipping label from torrid.thredup.com, fill a shippable box with apparel, shoes and accessories from any brand and send it to ThredUP free of charge.
Retail Wire
DECEMBER 23, 2022
The Commerce Department’s last reading of the year, which tracked the economy between July and September, showed an increase in the gross domestic product (GDP) of 3.2 percent, indicating to Wall Street that the Fed may continue interest rate increases in efforts to tamp down inflation.
365 Retail
DECEMBER 22, 2022
With millions of eCommerce users in the UK online menswear brand Spoke investigated men’s online shopping and return habits. They surveyed 2,000 UK men with different socio-economic backgrounds who regularly shop online to find their most common habits. 20% of Men Admitted to Never Returning Ill-Fitting Items of Clothing. The survey discovered that 20% of men never return ill-fitting items of clothing, and a further 49% of men had a laissez-faire approach to returning ill-fitting clothes, regard
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
DECEMBER 21, 2022
Colette by Colette Hayman has bought luxury online accessories brand The Daily Edited after a three-month search for a buyer. The company was placed in liquidation after company members voted in favour of winding the business up on September 30, following a tumultuous three years in its history, sparked by a high-profile dispute between co-founders Alyce Tran and Tania Liu.
Retail TouchPoints
DECEMBER 21, 2022
Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Photo courtesy of Easton Town Center. Easton Town Center has been busy this holiday season, as might be expected at a mall that welcomes nearly 30 million annual visitors.
Retail Wire
DECEMBER 23, 2022
Dubbed “zombie stores” by The Information, which first reported the predicament, about 7 Amazon Fresh stores around the country appear to be ready for operation but remain unopened, puzzling locals in their communities. According to the story, another 26 locations are in various phases of development, but no new Amazon Fresh locations have been opened since September of this year.
Retail Dive
DECEMBER 22, 2022
If a judge approves, the beauty company will conclude its Chapter 11 process with its lenders as its new owners, but what happens next remains uncertain.
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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
DECEMBER 19, 2022
Health, fitness and beauty. Put those three words together and they give aspiration, perfection and a number of other ideals that are impossible to live up to. A simple image search for health and fitness reveals screeds of bronzed, impossibly-toned bodies, paired with motivational slogans encouraging people to try harder, reach further, strive, dominate, or ‘just do it’.
Retail TouchPoints
DECEMBER 22, 2022
Under Armour has appointed Marriott International President Stephanie Linnartz as its President, CEO and member of its board of directors following a search that began in May 2022. Linnartz will officially join the athletic performance brand on Feb. 27, 2023, succeeding Patrik Frisk, the former President, CEO and member of the board of directors who stepped away from the role in June 2022.
Retail Wire
DECEMBER 23, 2022
In a long fought dispute, a court in Luxembourg has cleared the way for shoe designer Louboutin to try to hold Amazon responsible for the sale of lookalikes of its iconic red-sole designs by third-party sellers in the online marketplace. The Court of Justice of the European Union (CJEU) said Amazon could rightfully be held accountable for trademark infringement.
365 Retail
DECEMBER 21, 2022
As the labour market continues to evolve, employers and job seekers alike need to understand the importance of digital presence and its role in the overall job search experience. With the rise of digital resources such as Gowork.com, employers now have an opportunity to build their image and improve their ratings more than ever before. What is GoWork?
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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
DECEMBER 20, 2022
A fundamental question about the future of David Jones was put to rest this week, after the retailer’s parent company Woolworths Holdings announced the sale of the department store chain to Australian private equity firm Anchorage Capital Partners on Monday. While the sum was not disclosed, The Australian cited sources close to the transaction who put the figure at around $100 million.
Retail TouchPoints
DECEMBER 21, 2022
FedEx is planning to cut an additional $1 billion in costs, citing weak demand that led to a disappointing profit for Q2 2023, which ended Nov. 30. Most of the cuts are expected to impact the Express unit through measures including fewer flights. The reductions will add to cost-cutting measures announced in September to bring FedEx’s total fiscal savings plan for 2023 to $3.7 billion.
Retail Wire
DECEMBER 22, 2022
Residents in areas of the country affected by the massive winter storm driven by a strong arctic high-pressure system are wondering if their holiday packages will arrive on time. “This is a reminder of what happened the final Christmas week of 2013,” said Satish Jindel, founder and president of ShipMatrix, referring to storms that forced late deliveries that year.
Small Biz Trends
DECEMBER 19, 2022
Ransomware attacks are on the rise. Even if you take the best security measures to prevent ransomware attacks, bad guys can successfully encrypt your files or lock your device. So, knowing what to do when ransomware strikes can keep you sorted when you see a ransom note on your device’s screen. This article will explain everything you should know to withstand (and recover) a ransomware attack.
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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