Tokinomo
AUGUST 8, 2023
In today's rapidly evolving retail landscape, technology continues to reshape the way consumers interact with brands and products. One innovation that's gaining traction is the concept of in-store media networks.
Retail TouchPoints
AUGUST 8, 2023
Sure, points and coupons are great, but today’s consumers are expecting far more from branded loyalty programs. While dollar savings may be top-of-mind for many shoppers today, “value” can have a very different meaning for others. That is why consumers are looking for more diverse and robust programs that provide value in different ways. In fact, research from PwC indicates that 43% of consumers want programs to be more flexible in the rewards and benefits they offer.
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Retail Dive
AUGUST 7, 2023
Tapping into the capabilities of AI and ML will soon become required just to achieve the status quo. All it takes is one competitor to set the bar.
Hyken
AUGUST 8, 2023
CX is the abbreviation for customer experience. Somehow, someone decided X is a better abbreviation for experience than E is. Regardless, I’ve started seeing the X being used in other ways. For example, there is UX, or user experience , which is the experience the customer has with your products and services. Here are some others that you may have heard of: EX is to employees as CX is to customers.
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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 Gazette
AUGUST 8, 2023
Food prices may not fall at all, according to the chief economist at the Bank of England. The cost of food “could still remain higher than it was” following the invasion of Ukraine Huw Pill said. Speaking to MPs, he said that the rate at which food prices are rising was expected to slow to “about 10% by the end of the year” But he warned a return to cheaper food was “something we may not be seeing for a while yet, if in the future at all” Subscribe to Retail Gazette for f
Retail Dive
AUGUST 7, 2023
The Exchange, which is celebrating its 128th birthday, forges partnerships with retailers like Old Navy and The Home Depot — making for a loyal military customer base.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
LS Retail
AUGUST 9, 2023
©iStock/Yellow Man Inflation is the single most important problem for many global small-business owners, the National Federation of Independent Business (NFIB) said, despite price rises slowing to their lowest level in two years in June. Many owners are also reporting a struggle to fill job openings, the federation said. The percentage of owners expecting an improvement in business conditions in the next six months rose by 10 points to a net negative 30, the highest reading in nearly two years b
Inside Retail
AUGUST 9, 2023
Coach’s parent company, Tapestry, is nearing a deal to acquire luxury fashion giant Capri Holdings, marking one of the biggest fashion tie-ups this year, according to the Wall Street Journal. In a deal expected to be announced as soon as tomorrow, Tapestry will add Capri Holdings’ three luxury fashion labels – Michael Kors, Jimmy Choo and Versace – to its portfolio, where they will join Coach, Kate Spade New York and Stuart Weitzman.
Retail Wire
AUGUST 9, 2023
As automation is expected to impact certain jobs in the future, companies adopting robots in manufacturing, kitchens, and delivery are creating opportunities for workers to participate in building and implementing technology. Both humanoid and nonhumanoid robots are predicted to influence employment, with companies projecting growth, displacement, or a neutral effect due to technology, according to.
Retail TouchPoints
AUGUST 11, 2023
Mexican grocer Chedraui , Raley’s Supermarkets and Primark Stores have topped the National Retail Federation’s 2023 Hot 25 Retailers list, which ranks the fastest-growing retail companies in the U.S. The annual ranking is compiled by global marketing consultancy Kantar and is determined by comparing year-over-year increases in domestic sales (in the case of the 2023 list, this means 2021 versus 2022).
Speaker: Amanda Adams, Fractional CFO, CPA
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Retail Focus
AUGUST 10, 2023
Ghalia BOUSTANI. Senior Retail Consultant at Univers Retail | Published Author | Visiting Lecturer. In the ever-evolving landscape of luxury retail, traditional brick-and-mortar boutiques are no longer the sole representation of opulence. Luxury brands are progressively expanding their horizons by venturing into unconventional spaces such as hotels, coffee kiosks, bakeries, restaurants, spas, and gyms.
Inside Retail
AUGUST 8, 2023
Retail has long capitalised on social and cultural events in order to generate sales. This can be seen in the countless marketing campaigns that were launched in the leadup to the Barbie movie, which stimulated huge activity for hundreds of brands. Sporting events have also proven to be invaluable for brands as a means of aligning themselves with and engaging the public.
Shopping Center
AUGUST 11, 2023
Tempe, Ariz. — Arizona State University (ASU) and Catellus Development Corp. are underway on Novus Place, the 275,000-square-foot retail and entertainment portion of the 4.5 million-square-foot mixed-use Novus Innovation Corridor in… The post Arizona State University, Catellus Underway on 275,000-Square-Foot Retail Portion of Novus Innovation Corridor in Tempe, Arizona appeared first on Shopping Center Business.
Retail TouchPoints
AUGUST 11, 2023
Wolverine Worldwide ’s Board of Directors has terminated President and CEO Brendan Hoffman and he has formally stepped down as a director of the company. The announcement coincides with the footwear manufacturer’s Q2 financial results, which saw a 17.4% revenue drop year-over-year. Christopher E. Hufnagel, who has served as President of the company since June, will take the helm as CEO and serve on the Board.
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 Focus
AUGUST 9, 2023
Do you know how PR can change the dimension of your sales regardless of what product or service you are offering during and after a life event? It can help your business to grow by showing the consumer why your service is more unique than your competitors. When it comes to attracting new consumers, you need to understand that the PR team is the one that coordinates every strategy after communicating with different departments to create a buzz-worthy ad campaign.
Inside Retail
AUGUST 10, 2023
Aldi Australia has named Anna McGrath as its new CEO, succeeding former local chief Tom Daunt who became the business’ joint MD in May. McGrath has been with the company for 17 years in various leadership roles and was the former group MD for both US and Australian businesses. Of her appointment, McGrath said she is “honoured” to lead the business, adding that Aldi has always been focused on price leadership, but “it has never been more important than now” “We have a responsibi
Retail Gazette
AUGUST 11, 2023
Frasers Group is to open new flagship stores for Sports Direct and its department concept store Frasers at Sheffield’s Meadowhall. The retail group has signed a lease for the 120,000sq ft former Debenhams unit, which will be divided into a 60,000sq ft Frasers on the ground floor and a 60,000sq ft Sports Direct on the first floor. The deal with British Land is part of the group’s elevation strategy, which aims to raise the perception of its brands through a new generation of stores.
Retail TouchPoints
AUGUST 10, 2023
J.Crew Group has appointed former Intermix and Ann Taylor executive Adrienne Lazarus as President of Madewell , effective September 2023. Lazarus will report to J.Crew Group CEO Libby Wadle. Throughout her more than 30 -year career, Lazarus has led high-growth, well-established brands in the luxury and contemporary space, including vertical, multi-brand and direct-to-consumer retail.
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 Times
AUGUST 10, 2023
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! High-street retailer Wilko has today (August 10th) collapsed into administration after failing to find rescuers or emergency investment, putting more than 12,000 jobs at risk. The privately-owned company, which sells a wide range of branded goods at reduced prices, secured a £40 million lifeline at the beginning of the year from Hilco UK, but has spent r
Inside Retail
AUGUST 8, 2023
In a crowded last-mile delivery market, dominated by a single major player, it might seem counterintuitive to launch a new entrant. But Mark McGinley and Hoy Yen Hooper, co-founders of delivery startup Parca, have identified a space that is underserved despite growing demand from businesses and consumers alike for a solution: the last-mile delivery of big and bulky items.
Retail Gazette
AUGUST 11, 2023
Tesco is overhauling the range of products available in its Express stores to help shoppers with rising grocery bills. The supermarket will replace over 50 of its key everyday items with cheaper alternatives, with many coming from its own-brand range. It follows in the footsteps of Morrisons, which became the first UK grocer to introduce entry level products to its convenience stores last month.
Retail TouchPoints
AUGUST 10, 2023
Insider Intelligence predicts that mobile commerce sales will account for 43.4% of total U.S. retail ecommerce sales — and 6.5% of all U.S. retail sales — in 2023. Although standard m-commerce sites offer ease and convenience, more consumers are spending more time in mobile apps, especially those that offer seamless and immersive brand experiences. In fact, a survey of more than 600 consumers found that nearly 90% have at least one mobile shopping app installed on their phone, and half of those
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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 Times
AUGUST 10, 2023
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! 14th August 2023 will see Farm Girl, the capital’s original Aussie inspired café, launch its debut collection of NFTs, marking the brand’s first step into Web3. Comprising 70 unique NFTs, the collection will offer an innovative new form of loyalty programme, offering buyers a variety of perks dependent on which level is purchased.
Inside Retail
AUGUST 7, 2023
In the ever-changing landscape of retail, few toys have the name recognition and star appeal of Barbie. Since its introduction at the New York Toy Fair in 1959, Barbie has evolved into a cultural phenomenon, influencing not only toy design and manufacturing but also fashion, popular culture and marketing. The hype has reached a crescendo in recent months, building up to the recent release of the live-action Barbie film, produced by and starring Australian actor Margot Robbie.
Retail Gazette
AUGUST 11, 2023
Ryman has launched a brand new loyalty reward scheme, Ryman Rewards, to support its customers amid the cost-of-living crisis. Members will be rewarded with exclusive pricing across hundreds of the retailer’s products in-store and online. Other perks of the scheme include earning rewards points with purchases, prize draws and personalised offers.
Retail TouchPoints
AUGUST 10, 2023
With the help of ChatGPT and Bard, the hype around generative AI has soared over the past few months, with experts shouting daily from the mountaintops about its potential to revolutionize the retail industry. From generating product descriptions and dynamic pricing to improving data quality and automating redundant tasks, AI has been monikered as the magical fix-it-all technology that promises to slash time-to-market, quadruple employee productivity and deliver larger-than-life customer experie
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Retail Times
AUGUST 10, 2023
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! A pet care retailer headquartered in West Sussex has secured an eight-figure funding package from HSBC UK to support its growth nationally and internationally, and to create up to 320 jobs nationwide. Pet Family, which operates 150 stores across London and the South East of England under its Pets Corner brand, is using the multi-million […] If you
Inside Retail
AUGUST 7, 2023
Department store Myer says sales and profit are continuing to grow despite the challenging economic environment, with its online business continuing to strengthen. In a trading update issued today based on unaudited accounts, the company said it expects to report a 12.5 per cent increase in sales to $3.4 billion for FY23 and a full-year tax-paid profit somewhere between $69 million and $73 million.
Retail Gazette
AUGUST 10, 2023
Wilko has formally collapsed into administration, appointing PwC to lead the process, as 12,000 jobs are put at risk. The retailer had been trying to broker a solvent rescue deal since it filed a notice of its intention to appoint an administrator last Thursday. The chain said it had “a significant level of interest, including indicative offers”, however it was unable to complete the deal within the necessary timeframe. “Given the cash position, we’ve been left with no choice b
Retail TouchPoints
AUGUST 10, 2023
Tapestry , the parent company of brands including Coach , Kate Spade and Stuart Weitzman , will acquire global fashion luxury group Capri Holdings , owner of the Versace , Jimmy Choo and Michael Kors brands. The transaction, which is valued at approximately $8.5 billion , has been unanimously approved by the boards of both Tapestry and Capri and is set to close in 2024.
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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