Sat.Oct 01, 2022 - Fri.Oct 07, 2022

article thumbnail

18 retailers at risk of bankruptcy as consumers tighten wallets in 2022

Retail Dive

As demand wavers and capital gets harder to find, the number of companies at risk has soared from last year.

Consumer 134
article thumbnail

Hurry! These Small Business Grants Expire in October

Small Biz Trends

Whether your business is struggling to recover from the pandemic or trying to make the most of new opportunities, extra funding can be incredibly useful. Small business grants provide a quick influx of cash that can be used for a variety of functions. Sometimes these grants come from state or federal governments. In other cases, local groups or non-profits offer them.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

As Cannabis Goes Mainstream, Opportunity Grows for Traditional Retailers

Retail TouchPoints

Cannabis is in growth mode: the industry posted sales between $24.5 and $27 billion in 2021 and reached an estimated 11,800 retailers in 2022, according to data from the MJBiz Factbook. A Gallup poll found that 68% of Americans believe marijuana should be legal and 16% of adults aged 26 and over used cannabis in the past year, making the trajectory clear —traditional retailers, take note.

article thumbnail

Concerned about quiet quitting? You might need a workplace wellness plan

Inside Retail

The pandemic brought new workplace challenges to the fore, while employee concerns about mounting workloads, constant change and expectations about always being contactable outside work continue to rise. Research revealed that people worked longer hours at the start of the pandemic. While working from home saved commuting time, it also made it harder for some employees to switch off.

Planning 240
article thumbnail

Is Your Business AI-Ready? Find Out with Orium’s Maturity Model

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.

article thumbnail

Selfridges opens biggest Christmas Shop to date

Retail Focus

Selfridges has launched its biggest Christmas shop in a dedicated new destination on the fourth floor of the Oxford Street Store. The Christmas shop which is 20% bigger than last year has been imagined as a magical and immersive space where visitors are invited to spend time savouring the festive experience. As well as offering more planet-friendly choices than ever before, the Christmas Shop has been built with sustainability in mind, reusing baubles from previous displays in store both for bau

Shopping 200
article thumbnail

Top 9 + best retail podcasts to help you keep up with trends

Tokinomo

It’s challenging for every professional to keep up with the latest trends, especially if they work in an ever-changing industry like retail. There are thousands of materials, case studies, research papers, books, podcasts, and articles that bombard you with information. How can you select the best and most important one? We will help you!

More Trending

article thumbnail

Queen Victoria Market to ban sale of inauthentic Indigenous products

Inside Retail

Melbourne’s Queen Victoria Market has cracked down on the sale of inauthentic Aboriginal and Torres Strait Islander souvenir products, ahead of new laws which come into force next year. In August, the Productivity Commission found two in every three Aboriginal and Torres Strait Islander-style souvenirs sold in Australia are inauthentic, with no connection to Aboriginal and Torres Strait Islander people.

Marketing 342
article thumbnail

Target partners with Tupperware

Retail Wire

Tupperware is typically sold directly to consumers through its own website or “Tupperware parties.” Now, it can also be purchased in Target’s stores and websites. The retailer will offer container bundles ranging from $7.99 to $79.99. Tupperware, which has tested sales through retailers including Target previously, also sells its storage containers on Amazon.com.

Consumer 246
article thumbnail

Healthy features, food, and Christmas shopping- Weekly Snacks #26

Tokinomo

Campaign Corner. Be the food hero. What’s for breakfast? How about lunch or dinner? Those brave men and women who decide to be the masters of home cooking deserve something better. The most recent commercial for Amazon Fresh shows us that an apron is just a cape put in the front. Fresh food delivered to your doorstep sure makes cooking a lot easier.

Shopping 246
article thumbnail

FT: TikTok Planning to Launch North American Live Shopping Platform

Retail TouchPoints

TikTok will reportedly enter a partnership with TalkShopLive to launch its live shopping platform in North America, two people familiar with the matter told the Financial Times. The companies are still finalizing the arrangements and no contracts have been signed so far. TikTok’s live shopping platform is already operational in Asian markets including Thailand, Malaysia and Vietnam as well as the U.K.

Shopping 331
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

article thumbnail

Lekker Bikes makes its Brisbane debut

Inside Retail

Dutch urban e-bike brand Lekker has opened its first flagship at the Albion Fine Trades precinct in Brisbane CBD. Found by Meindert Wolfraad in 2009, the company sells a range of premium electric bikes to urban commuters. The new store is stocked with Lekker’s full portfolio of bikes which comprises two core ranges: the Amsterdam e-bike range which is a sporty yet lightweight electric bike and the Jordaan range which is a modern take on classic Dutch bikes.

ATS 297
article thumbnail

Carnaby will be home to the first ever retail destination plastic recycling concept shop, Are You Mad

Retail Focus

Shaftesbury announces Are You Mad – the first visible recycling unit on Carnaby Street. The space exists as both a plastic sorting facility and a retail store. They collect plastic waste from local businesses, shoppers and their growing community, which is then sorted, shredded, and turned into new objects, including the build of the shop itself.

Shopping 228
article thumbnail

Cannabis stocks go sky high after Biden seeks to reclassify weed under federal law

Retail Wire

President Joe Biden said that he plans to ask the Justice Department and the U.S. Department of Health “to initiate the process of reviewing how marijuana is scheduled under federal law.” Marijuana is currently classified as a Schedule 1 drug, the same classification as opioids. Publicly traded companies in the business of growing and selling cannabis saw their stock prices soar on the news.

Planning 162
article thumbnail

Ann Taylor and LOFT Launch Shared Loyalty Program

Retail TouchPoints

Ann Taylor and LOFT have launched StyleRewards, a revamped multi-tender loyalty program that lets shoppers earn benefits across Ann Taylor, LOFT, Ann Taylor Factory and LOFT Outlet. The program has a tiered structure and was designed to emphasize a customer-first loyalty approach. Members earn two points per dollar spent on qualifying purchases across all the brands, while credit card holders earn five points for every dollar spent.

Shipping 329
article thumbnail

NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot

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.

article thumbnail

‘Storm on the horizon’ for retailers amid economic pressures

Inside Retail

With the Reserve Bank of Australia (RBA) increasing interest rates for six straight months – most recently, a 0.25 per cent rise on Tuesday to 2.6 per cent – retailers might be expecting tough economic conditions, as consumers are expected to cut back. . Yet, some data shows that customers have been spending. According to the Australian Bureau of Statistics (ABS), retail sales were up 19.2 per cent in August 2022 compared to the previous year.

article thumbnail

Cara Loves Karl pop-up of the future

Retail Focus

The fashion house of KARL LAGERFELD and model Cara Delevingne come together to launch CARA LOVES KARL: a futuristic, inclusive, gender-neutral collection and retail campaign which launched worldwide on September 8th, 2022. . StudioXAG were approached to imagine the collection’s pop-up of the future that would offer an immersive, innovative, fun and shareable experience.

Fashion 195
article thumbnail

Amazon has three warehouse fires in one week

Retail Wire

A compactor outside the doors of an Amazon.com warehouse in upstate New York caught fire on Wednesday night, forcing the company to send workers home and cancel the following shift “out of an abundance of caution,” according to company spokesperson Paul Flanagan. The fire at the warehouse was the third at one of Amazon’s warehouses in the state this week.

ATS 130
article thumbnail

Burberry Appoints New Chief Creative Officer as Tisci Departs

Retail TouchPoints

Burberry has appointed Daniel Lee to the role of Chief Creative Officer starting Oct. 3, 2022. He will report to CEO Jonathan Akeroyd, who began leading the luxury brand in April 2022. Lee will replace former creative chief Riccardo Tisci , who was appointed to the role in March 2018 following his career with Givenchy from 2005 to 2017. Tisci’s departure was announced only days after the presentation of his Spring/Summer 2023 collection in London, which was his last for Burberry.

Fashion 318
article thumbnail

eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

article thumbnail

WA single-use plastic cup ban takes effect; coffee cups are next

Inside Retail

Stage One of Western Australia’s Plan for Plastics is now complete with single-use plastic cups officially banned from October 1. The state government announced its Plan for Plastics last year in June, detailing a roadmap towards a sustainable, plastic-free state. Nine items have been phased out since July as part of the first stage including plates, cutlery, drink stirrers, thick plastic bags, drinking straws, expanded polystyrene food containers, helium balloon releases and unlidded containers

article thumbnail

The Retail Village at MAPIC 2022 launched

Retail Focus

MAPIC is launching its Retail Village concept for MAPIC 2022. A major, central location has been set aside within the Palais des Festivals for the show – to attract the most progressive, innovative and connected retail brands in the industry. With constant flux and change in the retail industry, the purpose of the Retail Village at MAPIC is to not only put retail back on stage but also to showcase all new, agile retail initiatives.

ATS 182
article thumbnail

Adidas is reviewing its relationship with Kanye West

Retail Wire

Adidas and Kanye West have been working together since 2016, but the rapper and entrepreneur has recently been critical of the company and its CEO, Kasper Rorsted. The athletic wear brand said it is assessing the partnership after being unable to resolve differences with Mr. West. The company will continue to co-manage Mr. West’s line until a decision has been made.

article thumbnail

Allbirds Partners with REI to Sell its Footwear

Retail TouchPoints

Allbirds is expanding its retail partnerships by selling 11 Allbirds footwear styles in 41 REI stores and via the outdoor retailer’s website. Known for its commitment to sustainability, Allbirds has been fortifying its brick-and-mortar presence since its IPO in November 2021. In May 2022, the footwear and activewear brand partnered with Nordstrom as the retailer sought to expand its sustainable offerings.

article thumbnail

Is Your Brand AI-Ready? Find Out with Orium’s Maturity Model

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.

article thumbnail

Gold Coast community pitches in on Queensland’s first ‘free supermarket’

Inside Retail

Construction on Queensland’s first ‘free supermarket’ has commenced at local charity Serving Our People’s Gold Coast headquarters. The $500,000 project, due to be completed by November, will occupy a 45-year-old warehouse on Mermaid Beach serving locals in need with a range of essential grocery items and general goods. It will also be equipped with a half-size basketball court, electric bicycles and a space for community events.

article thumbnail

Nike latest retailer set to open store at Battersea Power Station

Retail Focus

Battersea Power Station today announced that Nike , will open a new store inside the Grade II* listed Power Station from 14 th October 2022 , when the London landmark will open its doors to the public for the first time in history. The store will focus on serving consumers in the Battersea neighbourhood, and will span approximately 8,380 sq ft. . Nike is the latest retailer to join the exciting mix of British and international brands set to open at Battersea Power Station and on Electric Boulev

ATS 182
article thumbnail

Pepsico to take delivery of first Tesla electric semi trucks

Retail Wire

Elon Musk said that Tesla will make its first deliveries of its Semi electric commercial truck to PepsiCo on Dec. 1. PepsiCo has reserved 100 of the vehicles, which have a range of 500 miles (805 km) when fully charged.

130
130
article thumbnail

Starboard Cruise Services Promotes Sherrie Day to Lead Merchandising Role

Retail TouchPoints

Starboard Cruise Services , the LVMH Moët Hennessy Louis Vuitton luxury retail-at-sea company, has promoted Sherrie Day to the role of Global Head of Merchandising. Day will report to Lisa Bauer, President and CEO of Starboard. Day’s responsibilities will include managing Starboard’s merchandising strategy worldwide. She will oversee global buying and work with more than 700 brands.

article thumbnail

How to Maximize Amazon Sales and Crush the Competition

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.

article thumbnail

Australian Halloween sales likely to top $430 million, says ARA

Inside Retail

One quarter of Australians will celebrate Halloween this year, with expenditure expected to hit $430 million, according to research commissioned by the Australian Retailers Association (ARA). The study was conducted in collaboration with ARA and Roy Morgan, an independent Melbourne-based social and political market research firm. According to the survey, Australians expect to spend an average of $86 per person this Halloween.

Marketing 246
article thumbnail

New Korean beauty retailer secures Angel Central for second pop-up

Retail Focus

CBRE Investment Management has announced TONIC15 , the Korean beauty destination, has opened its second pop-up within Angel Central following success earlier in the year. With K-Beauty significantly rising in popularity, TONIC15 has chosen Angel Central to host a dedicated space as the retailer strives to continue to capture the attention of beauty-conscious consumers.

article thumbnail

NLRB says Apple violated labor laws trying to thwart union organizing

Retail Wire

The National Labor Relations Board has issued a complaint against Apple, claiming that the company violated labor laws by surveilling and interrogating its associates and forcing them to attend anti-union presentations. Apple said that it disagreed with the NLRB’s findings and looked “forward to presenting the facts.”.

130
130
article thumbnail

Adidas Puts Relationship with Kanye West ‘Under Review’

Retail TouchPoints

Following extremely vocal public criticism of its CEO Kasper Rørsted by Kanye West, Adidas has placed its relationship with the rapper “under review,” according to CNBC. The partnership launched in 2016 with Adidas manufacturing clothing through a collaboration with the rapper’s Yeezy brand. West has accused Adidas of not allowing him to have more control over the project and of copying his ideas.

Apparel 306
article thumbnail

Pricing for Profit: How to Set, Negotiate, and Succeed

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