Retail Focus

MARCH 21, 2023

If you’d like your business to be able to cope with whatever the future holds for it, then it’s a good idea to plan for a range of contingencies. This applies especially to the financial side of the business, where it might be difficult to react to events in an informed, sober-minded way. If you’ve already done some financial scenario planning, then you might already have considered the factors you end up faced with.

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Inside Retail

MARCH 22, 2023

In the past three years, retail workers have been at the forefront of our challenging times. Many have worked through the waves of Covid as essential workers before having to deal with the challenges of lack of staffing and supply change demands. Now, with a recession and job cuts looming, they are under pressure once again. While the retail sector is not alone – in the past three years, more than 91 per cent of employers in Australia have experienced staff shortages – retailers have felt the pa

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Retail TouchPoints

MARCH 22, 2023

Editor’s note: As retail interfaces and systems continue to evolve, the way we design retail experiences to user needs and behaviors is also transforming. In the new series “Stimulating Retail,” join award-winning sensory designer and Harvard neuroscientist Ari Peralta as he breaks down the science and tech behind some of today’s most stimulating sensory retail experiences.

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Intelligence Node

MARCH 20, 2023

Retail has changed staggeringly in the last decade. More so, with the pandemic disrupting normalcy and retailers having to adapt to a remote, digital-first approach to keep businesses afloat. This. The post The Old World Vs the New World – Retail Evolution Through the Digital Decade appeared first on Blog.

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Customer Experience

Tokinomo

MARCH 21, 2023

Campaign Corner From farm to bag. Lay’s wants to show consumers that their chips are made out of real potatoes from local farms. In a new commercial, a female speaker informs us that Lay's potato chips are produced using genuine potatoes obtained from more than 100 farms across the United States. To demonstrate her claim, she starts placing flags bearing Lay's logo on a map, and each flag represents a specific farm she mentions.

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Retail Focus

MARCH 20, 2023

Selfridges has unveiled its latest installation, “Elton John at The Selfridges Corner Shop”, which aims to transform the retail space into a glittering reimagining of the iconic performer’s world. Customers are invited to explore Elton’s archive and shop for limited-edition fashion, accessories and lifestyle collaborations in-store and online.

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Inside Retail

MARCH 22, 2023

Australian manufacturers are dangerously overstocked, carrying an average $231,700 in additional products or ingredients, according to research from inventory management software provider Unleashed. “You can’t blame Australian businesses for taking on extra stock while supply chains were lagging behind,” Unleashed head of product, Jarrod Adam, said.

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Tokinomo

MARCH 22, 2023

In this competitive industry, it’s crucial to maintain your loyal customers. Nowadays, shoppers have so many options to choose from and it’s getting harder to achieve brand loyalty. In this article, we are going to share the most important brand loyalty tactics you can use to maintain your loyal customers.

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Wiser

MARCH 20, 2023

Data is one of the hottest commodities in the business world. For retailers, this is especially true when it comes to pricing data. Having thorough, up-to-date intel can set one brand apart from the rest and allow them to make important decisions that get a leg up on the competition. Pricing data can be gathered from a multitude of different web locations—competitor websites, social media, Google ads, etc.

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Retail TouchPoints

MARCH 21, 2023

Rue21 has named Josh Burris CEO and member of its board. Burris replaces Bill Brand, who announced his intention to step down this month. Burris joins the retailer from GNC , where he has served as CEO since February 2021 , leading a successful restructuring under new ownership. Burris brings more than 25 years’ experience leading consumer-focused retail brands, including Abercrombie & Fitch, Hollister, DKNY, Karl Lagerfeld Paris, Calvin Klein Performance, Wilsons Leather and GH Bass & C

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Inside Retail

MARCH 19, 2023

Sportswear giant Adidas’ streetwear label Y-3 has opened a new store in Westfield Sydney. Y-3 is a permanent creative brand collaboration between Adidas and renowned Japanese designer – Yohji Yamamoto – which combines fashion sportswear into a wide range of products including sportswear, outerwear, weatherproof pieces, footwear and accessories. Image source: Supplied The store design features the brand’s new “art gallery meets sporting arena” concept launched late last year for outlets around th

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Retail Focus

MARCH 21, 2023

H&M has announced the opening of its latest and largest store in the UK, set to open in centre:mk, Milton Keynes on April 1st. The store will feature two floors with both H&M and H&M Home and will offer a world-leading interior look and feel for the brand, including new click and collect lockers and self-service checkouts. The store has been designed to offer customers a welcoming, relaxed environment, with products displayed in a curated and inspirational way.

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Retail Dive

MARCH 20, 2023

As the retailer looks to simplify its business, CEO Mary Dillon also said the company is “revitalizing” its Nike partnership.

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Retail TouchPoints

MARCH 24, 2023

Walmart is reportedly eliminating hundreds of jobs at five ecommerce fulfillment centers, according to Reuters and CNBC. Affected employees have been asked to find jobs at other Walmart locations within 90 days as the company makes cuts “to better prepare for the future needs of customers,” according to a company spokesperson. “This decision was not made lightly, and we’re working closely with affected associates to help them understand what career options may be available at other Walmart locat

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Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

Accounting

Inside Retail

MARCH 21, 2023

Dutch lifestyle brand Scotch & Soda has filed for bankruptcy in the Netherlands as MD Frederick Lukoff steps down. The bankruptcy does not include the company’s international operations, including those in Australia. The company says “severe cash flow issues” caused by the pandemic along with the war in Ukraine coupled with inflation have damaged its financial recovery despite achieving €342.5 million (A$552.21 million) in revenue.

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Dezeen

MARCH 24, 2023

American clothing brand Kith has created a flagship store in Williamsburg , Brooklyn, that uses brick, wood and steel to reference the industrial history of the neighbourhood. Designed by Kith 's founder Ronnie Fieg and the brand's in-house team of architects, the Williamsburg location is located in the Gensler -designed 25 Kent Plaza office building, where Kith also has its corporate offices.

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Retail Dive

MARCH 24, 2023

The clothing brand said the move to supplement humans with AI models supports its diversity and sustainability efforts.

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Retail TouchPoints

MARCH 23, 2023

Prada Group and Adobe have entered an enhanced partnership designed to enable real-time personalization and increase revenue by enhancing the luxury retail group’s customer experiences across all digital and physical channels. The partnership spans Prada Group’s brands, including Prada , Miu Miu , Church’s , Car Shoe , Pasticceria Marchesi and Luna Rossa.

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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.

Fashion

Inside Retail

MARCH 23, 2023

The Australian – and global – economy look like it’s in for some heavy weather in 2023. Rising inflation, stagnating wages and supply-chain issues will all contribute to Australians having to tighten their belts over the next 18 months. In recessionary times, there’s a flight towards value for money as consumers seek to make the most out of their hard-earned dollar.

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Retail Wire

MARCH 24, 2023

The Federal Trade Commission has proposed a new rule to end so-called “click to subscribe, call to cancel” systems. The new rule would require companies to offer a simple click-to-cancel subscription option.

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Retail Dive

MARCH 21, 2023

The DTC brand, which developed the Moonshot shoe through a regenerative wool program, is open to sharing its process with other companies.

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Retail TouchPoints

MARCH 21, 2023

NorthLadder , a Middle Eastern marketplace for pre-owned electronics, has partnered with insights-led customer engagement platform MoEngage to create remarketing strategies and gamify the customer experience. The retailer is aiming to double its traffic by creating a customer journey that lets customers identify their device and offer an instant “best price.

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Customer Experience

Inside Retail

MARCH 24, 2023

As Allbirds tries to deepen its sustainability commitment, apparel and footwear brand Allbirds has designed zero-carbon sneakers, called Mo.onShot. Dubbed “the world’s first zero-carbon shoe,” Mo.onShot is made from carbon-negative materials such as merino wool, sugarcane-based foam, and bioplastic eyelets manufactured from a polymer formed from converted methane.

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Retail Wire

MARCH 24, 2023

There’s no such thing as truly free shipping and retailers are looking for ways to lower costs in the face of rising supply chain costs. Retailers are also raising minimum purchase requirements and looking for other ways to have their customers pick up the tab of last-mile fulfillment.

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Retail Focus

MARCH 21, 2023

While investment is under strain as retailers battle with the impact of inflation on food, products and services, which is running at between 8 and 16%, IT is actually one area where increased spend can be justified. The big question is, how can retailers invest in tech to keep pace with a consumer that has never been more demanding, while at the same time using the very same tech to manage their costs even as they watch inflation bite?

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Retail TouchPoints

MARCH 23, 2023

Email is one of the oldest and most established marketing channels, but that doesn’t mean there aren’t still improvements to be made — or fresh opportunities to be found. Retailers tempted to put the bulk of their energy into outreach through newer social or mobile platforms, believing that email is already “solved” or even outdated, are missing out on a channel with a massive audience that can also be targeted with extreme precision. “ It’s a channel and data that retailers and bran

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Marketing

Inside Retail

MARCH 21, 2023

Across Asian cultures where multi-day celebrations and larger-than-life weddings are the norm, big Asian weddings have returned larger and more expensive than ever. China tops the list with the largest wedding industry in the region, valued at approximately US$575 billion, which has grown threefold since 2020. While, India, Asia’s second largest wedding market has exceeded US$50 billion, as reported by CNBC India.

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Retail Wire

MARCH 24, 2023

Pet healthcare services such as pharmacy and veterinary clinics and their high margins are an essential part of the growth strategies at Chewy and Petco. “A puppy that was, you know, adopted or bought, during 2020 is now three years old. As they get older, they’re only going to require more health care,” said Anna Andreeva, a senior equity research analyst and managing director at Needham and Company.

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Retail Focus

MARCH 21, 2023

Your resume is often the first impression you make on a potential employer. Usually, the potential employer judges your skills and overall fitness for the company based on what they see in the resume. Close attention to completing a winning resume can be overestimated, and here are the major ones. It showcases your qualifications. A resume is a way for you to highlight your education, work experience, and skills that make you qualified for a job.

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Retail TouchPoints

MARCH 21, 2023

You’ve probably played with artificial intelligence (AI) chatbot ChatGPT already and felt like you were touching magic. It feels like AI on a level we’ve never seen before, and its existence is massively exciting to all of us working in AI because it opens up so many new possibilities. As lots of SaaS companies race to make something — anything — that incorporates ChatGPT within it, it’s the underlying technologies that ChatGPT is built on that are most exciting.

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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

Customer Experience