Tokinomo
JULY 26, 2023
While the COVID-19 pandemic has speeded up the adoption of online shopping, this doesn’t mean that brick-and-mortar stores are doomed. Actually, more than 80% of retail sales take place in stores. However, physical retailers should continue to innovate and find ways to attract and engage shoppers in stores.
Retail Gazette
JULY 24, 2023
A new report released by Barclays ‘The New Retail Reality’ has revealed that more than 8 in 10 of retailers are confident about growth over the next year, despite recent cost of living pressures. Of the 601 retailers and wholesalers surveyed, 85% of them had a positive outlook on growth next year compared to the last 12 months. While the report proved that in-store shopping is here to stay in a post-pandemic world with 86% of retailers saying physical stores remain vital to their future plans.
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Inside Retail
JULY 25, 2023
Super prime CBD retail rents have surged across Brisbane, Sydney, and Adelaide for the first time since the onset of Covid-19, according to a report by the CBRE. Adelaide recorded the biggest increase, with super prime rents up 7.4 per cent quarter-on-quarter to $3275 per sqm, the Australian Retail Figures Q2 2023 report shows. Brisbane was close behind with a 7.2 per cent quarter-on-quarter jump to $3595 per sqm, followed by Sydney with 1.5 per cent growth to $10,944 a sqm.
Retail TouchPoints
JULY 27, 2023
In explaining the human mind, neuroscientist Antonio Damasio shared, “We are not thinking machines that feel; rather, we are feeling machines that think.” Not only are we feeling, but Damasio’s study also revealed that every decision we make is grounded in emotion. Going a step further than that, we actually can’t make a decision if we can’t feel. Unfortunately, this is something marketing professionals often overlook.
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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.
Inside Retail
JULY 25, 2023
After 17 years of running its discount department stores separately, retail conglomerate Wesfarmers announced earlier this week that it would be consolidating the back end operation of Kmart Australia and Target Australia. The decision, while outwardly focused on delivering better value to customers and improving its own cost of doing business, is also the latest attempt by Wesfarmers to bring Target back to sizable growth.
Wiser
JULY 25, 2023
Starting and running a small business is one of the most rewarding experiences that anyone can have. It takes hard work, dedication, and an entrepreneurial spirit to make it successful. But even with all this in place, it can still be difficult for small or local businesses to get noticed and stand out from the competition. That’s why it’s so important for small business owners to understand how to promote their businesses effectively.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail TouchPoints
JULY 26, 2023
The retail landscape of yesterday is no more. Global supply chain challenges, inflation and a shift to online consumerism have upended the traditional retailer and customer relationship. Retailers can no longer turn a blind eye to the reality that today’s increasingly online shoppers are savvier than ever and quick to make snap judgements about brands for as little as delayed shipping.
Rangeme
JULY 24, 2023
Calling all entrepreneurs, business owners, and product innovators! In an uber-competitive market, standing out is more crucial than ever for the success of your consumer packaged goods (CPG) brand. In this first in what will be a series of blogs, we will be taking you on a step-by-step journey on how to leverage the power of strategic branding, marketing, and advertising to influence retail buyers.
Inside Retail
JULY 26, 2023
Discounted designer goods retailer Cosette has been alleged of selling counterfeit goods and ‘superfakes’ following an investigation by media outlets. New South Wales Fair Trading has now received more than 25 complaints following reportage by The Sydney Morning Herald and A Current Affair. Many buyers have revealed that their designer bags were indeed ‘fake’ after authenticity checks failed to ensure the legitimacy of products.
Tokinomo
JULY 24, 2023
Campaign scoop Meow Mix. What’s cuter than 1 cat singing a Meow Mix jingle? 5 cats dressed in denim singing the jingle like a 90s band. The Meow Mix commercial shows us what we didn’t know we needed - cats singing with NSYNC member JC Chasez alongside them. Cute and catchy!
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.
Retail TouchPoints
JULY 28, 2023
Rural lifestyle retailer Tractor Supply is revving up its growth plans with a new long-term target of eventually operating 3,000 stores in the U.S. — 200 more stores than previous targets. The retailer currently has 2,200 locations and will open approximately 70 new stores this year, said John Ordus, Tractor Supply’s EVP and Chief Stores Officer on the company’s Q2 earnings call.
Retail Wire
JULY 26, 2023
Retail is undergoing a transformation, moving from traditional brick-and-mortar stores to immersive experiences that create an emotional connection with shoppers. Luxury brands like Dior and Jacquemus are partnering with hospitality players to elevate their equity and create desirability, designing exclusive lifestyle spaces and seasonal pop-ups that engage customers in new ways.
Inside Retail
JULY 26, 2023
Drinks retailer Dan Murphy’s has opened a premium concept store in Sydney’s Martin Place for the precinct’s corporate clientele. The new Cellar concept boasts a “reduced floor format” compared to a typical Dan Murphy’s offering and is stocked with a range of high-quality wines, bespoke spirits, and curated beers. The store also features a temperature-controlled setting showcasing rare, back-vintage, and hard-to-source Australian and international wines.
Cisco Retail
JULY 28, 2023
Hello everyone, and welcome back to my little corner of the Internet. I always take inspiration from what I’m currently working on in my day job when putting together an idea for a post and/or video.
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 TouchPoints
JULY 28, 2023
Safeway and Albertsons have launched Vine & Cellar , a curated collection of wines available for sale online with direct shipping to customers in California. The selection includes wines priced from $10 per bottle to more than $1,000 , with plans to expand the assortment even further. All wines offered by Vine & Cellar are individually selected by Curtis Mann, Master of Wine and VP of Alcohol for Albertsons, along with his expert buying team.
Retail Wire
JULY 27, 2023
Amazon Web Services (AWS), the cloud division of Amazon, has attracted thousands of customers to try out its AI service, Amazon Bedrock, which competes with Microsoft and Google in the artificial intelligence domain. The company aims to make every organization an AI company and is offering a wide range of AI models through Bedrock to.
Inside Retail
JULY 27, 2023
Subscription-based meal kit provider Marley Spoon plans to revise its full-year revenue guidance after sales plummeted on soft consumer demand. For the quarter to June 30, net revenue fell 21 per cent to €86 million (A$141.31 million) while operating EBITDA slumped 161 per cent to A$3.94 million. In Australia, net revenue grew marginally, up 1 per cent to $59.32 million while the US market reported a 9.1 per cent increase to $67.37 million.
Retail Gazette
JULY 28, 2023
John Lewis has revealed its top ten toys for Christmas 2023, chosen by a panel of children. Four kids aged between five and ten tested a collection of hundreds of toys, following months of sourcing and testing. The children were asked to choose their favourite toys from the selection after hours of play time, narrowing the products down to their top ten. 90s classics proved popular with the testers, with the Furby and Barbie car gaining spots on the list.
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 TouchPoints
JULY 28, 2023
Merchants on the WooCommerce platform will be among the first to integrate directly with TikTok ’s new Shop feature, which allows brands to sell directly on the social media platform. The integration is an expansion of an ongoing partnership between WooCommerce and TikTok that also includes a number of advertising integrations. Now, through the beta program, WooCommerce merchants can bring their entire inventory to TikTok Shop.
Retail Wire
JULY 27, 2023
Samsung has launched two new folding smartphones, the Galaxy Z Flip 5 and Galaxy Fold 5, alongside a tablet and two smartwatches. The Galaxy Z Flip 5 features a much larger cover display and a slimmer design with a three-stop, “zero gap” hinge, while the Galaxy Fold 5 has a 7.6-inch main screen, a reduced.
Inside Retail
JULY 24, 2023
Consumers have changed. The trend towards using self-service and self-checkout (SCO) options in both retail and hospitality was already strong, but the pandemic sent it soaring. Global research, conducted by Kantar for Glory Global Solutions, a market leader in retail cash recycling solutions, reveals that 80 per cent of consumers consider it important for retailers to provide a choice of checkout options.
Retail Gazette
JULY 27, 2023
It can be hard to come up with the perfect name for your business. Some independents have seemingly taken inspiration from some of the biggest retail brands. However, some store owners may be pushing things a little too far in efforts to imitate famous franchises. From Singhsbury’s to Tesos Express, Retail Gazette takes a look at some copycat retailers taking inspiration from big chains – including some that have sailed too close to the wind in their homage.
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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 TouchPoints
JULY 27, 2023
Authentic Brands Group has received approval from the U.S. Bankruptcy Court for the District of Delaware to purchase footwear brand Rockport. Financial terms of the deal were not disclosed. In addition, Authentic has signed a long-term licensing agreement with Marc Fisher Footwear , a leading full-service fashion footwear company and the U.S. footwear partner for the Authentic-owned brands Nine West, Hunter Boots and Bandolino brands.
Retail Wire
JULY 28, 2023
Despite the massive success of Greta Gerwig’s “Barbie” movie, sales of Barbie dolls and related merchandise have been falling for parent company Mattel in the first half of 2023. The Barbie brand saw a 23% decline in global gross billings during this period, although there was a slight improvement in sales leading up to the.
Inside Retail
JULY 24, 2023
Fast food chain McDonald’s is set to inject $1 billion into opening 100 new restaurants across Australia and upgrading its existing network. The company’s Australian chief Antoni Martinez says the company wants to capture the brand’s growing popularity and modernise its online offering. “I just think when you look at our performance at the moment, it’s a great opportunity for us to accelerate that growth,” Martinez told The Australian.
Retail Gazette
JULY 28, 2023
Card Factory has opened its first store in the Middle East as it continues its expansion into new territories. The new shop, located in the Bawabat Al Sharq Mall in Abu Dhabi, is part of the retailer’s franchise agreement with Liwa. The greetings card specialist announced the deal back in May which will see Liwa open around 36 stores with Card Factory’s fascia across the Middle East, including Qatar, Kuwait, Saudi Arabia, Bahrain and Oman.
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Retail TouchPoints
JULY 27, 2023
Is working in retail just a job, or is it the beginning of a career? For Primark U.S. President Kevin Tulip, who began working in a Primark store in the UK when he was just 16 years old, it’s definitely the latter. “I’m 20 years with Primark, and that’s not unusual with the company,” he said in an interview with Retail TouchPoints. “We’re still fairly new in the U.S. — we’ve been here since 2015 — but I’m seeing people who are celebrating their sixth -, seventh – and eighth -year anniversa
Dezeen
JULY 26, 2023
Raw finishes and brutalist interventions feature in footwear brand Veja 's first dedicated shop in Madrid , complete with an in-house shoe repair workshop and interiors designed by local firm Plantea Estudio. The retail space is housed in a building in the centre of Madrid, which has functioned as a shop, a restaurant and a bank office since its construction around the turn of the 20th century.
Inside Retail
JULY 24, 2023
Listed conglomerate Wesfarmers is merging its store networks Target and Kmart into a singular $10 billion business in a bid to boost returns and bring better value to customers. Ian Bailey will continue to oversee the enlarged Kmart group, while Target MD Richard Pearson is assigned to a new role within Wesfarmers’ health unit. Kmart CEO John Gualtieri will run the day-to-day operation of the combined Kmart and Target stores.
Retail Gazette
JULY 27, 2023
B&M has made an agreement with group trading director Bobby Arora to keep him committed to the value retailer until at least March 2026. The maximum additional bonus he can receive is £16m over a three-year period until the end of FY26, but this will depend on certain financial and performance conditions being met. In a statement this morning, B&M said Arora has been instrumental in developing the B&M customer experience and contributing to the Company’s long-term growth and pr
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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