Tue.Jul 25, 2023

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Super prime CBD retail rents are on the rise again

Inside Retail

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.

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Ukrainian nail bar So.Shell announce summer pop-up in London’s Fitzrovia

Retail Focus

Luxury Ukrainian nail bar So.Shell has opened its first pop-up salon in London’s Fitzrovia. Joining their original stand-alone space located in the iconic Carnaby area on Marshall Street, the brand’s first UK store which offers a range of nail, eyebrow and lash services with two treatment rooms. The new pop-up will be located at Pinch Bar, situated at 9-11 Tottenham Street.

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Kogan sales slide but profit rebounds in second half

Inside Retail

Trans-Tasman online retailer Kogan says its interim performance has been hit by ongoing market pressures along with softer trading. According to unaudited accounts for the half to June 30, gross sales reached $373.7 million down 22.5 per cent reflecting soft market conditions owing to inflationary pressures and interest rate rises. Adjusted earnings before interest, taxes, depreciation and amortisation were $11.2 million, up 624.1 per cent while inventory levels reduced to $68.2 million.

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Strix: a one-of-a-kind emergency flashlight that doubles up as a desk lamp

Design Wanted

Brilliantly providing a means for building occupants to evacuate safely, Korea-based Hanyoung Lee designs Strix – an innovative desk lamp that seamlessly transforms into an emergency […] The post Strix: a one-of-a-kind emergency flashlight that doubles up as a desk lamp appeared first on DesignWanted.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Adidas and Puma bet on ‘terrace’ sneaker trend in tough market

Inside Retail

The trend for low-rise rubber-soled “terrace” sneakers could give Adidas and Puma an advantage over Nike this summer, but may not offset weakening US and Chinese demand. German sportswear giants Adidas and Puma have trawled their archives to re-release old styles in new colours, driving renewed interest in the shoes from the 1970s and 1980s named after the standing section at soccer stadiums.

Marketing 243
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Luxury apparel brand Dsquared2 launches online flagship store to drive global D2C success

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Luxury apparel brand Dsquared2 has partnered with leading full-service digital commerce specialist Astound Commerce to launch a transformative new online flagship store to drive global direct-to-consumer (D2C) sales.

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Little Big Architecture: Getting to Know Jirau’s Work

Arch Daily

Jirau's activities have a relevant impact on contemporary architecture. The origin is in a small city. The performance is on a large scale.

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Kmart CEO John Gualtieri on how and why the retail giant is cutting prices

Inside Retail

Kmart recently announced that it was dropping prices for over 1,000 items in order to address the growing cost of living challenges and reduce the financial strain on customers. The move follows a range of other brands, including Ikea and Woolworths, which have announced price reductions in recent months in order to provide some relief for customers.

Apparel 238
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Casetify store by André Fu Studio

Retail Design Blog

Leaning into its surroundings with its interior design, Casetify’s Osaka store curates a location-specific experience encouraging customers to opt for.

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Should you be friends with your co-workers? Here’s what the research says

Inside Retail

In my teens and twenties, I didn’t think much about how important it was to like the people I worked with. At the time, I was working as a waiter at a Toronto diner and being friends with my colleagues was part of the experience. But once I became a university professor and an executive educator, I realised the importance of workplace relationships.

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Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

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Nukak CASA by unseenbird

Retail Design Blog

As in most mature consumer markets across the planet, sustainability and recycling have become significant driving factors in South Korea‘s.

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Levi’s VP on how the brand is making and marketing plant-based clothing

Inside Retail

As Levi’s marks the 150th anniversary of its iconic 501 jeans, the company has reinvented the classic style for a new generation of consumers focused on sustainable fashion, unveiling a plant-based 501 , a hemp cotton blend Selvedge 501 and a circular 501. The plant-based 501 is made almost entirely out of plant-based materials. The fabric is made from 100 per cent OCS-certified organically grown cotton and dyed with plant-based indigo from Stony Creek Colors, a Tennessee-based natural dyehouse

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Reebok Flagship Store by NiiiZ Design Lab

Retail Design Blog

Sportswear is on the trend ever since the popularity of sports from tennis to golf began. In addition, functional clothes.

Design 71
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Sharp Chinese rebound powers LVMH sales growth in second quarter

Inside Retail

Sales at the world’s top luxury group LVMH rose by 17 per cent in the second quarter, with a sharp rebound in China helping to offset a decline in the United States, where inflation and economic turbulence have dented demand for high-end goods. The French company, whose 75 brands include fashion labels Louis Vuitton and Dior as well as Hennessy cognac and US jeweller Tiffany, said on Tuesday it made $23.4 billion of sales in the three months to the end of June.

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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Diaotai Yupin Dingzhang Baijiu by LionPeng Design Studio

Retail Design Blog

The dragon treads on the crimson qi. Dragon is the millennium soul of the Chinese nation. Made with a minimalist.

Design 69
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How Nala aims to be the anti-Victoria’s Secret

Inside Retail

Launched in October 2022, Nala is an irreverent intimate apparel brand designed with modern consumers in mind. Here, we speak with co-founder Chloe de Winter about the challenges of making size- and gender-inclusive products , navigating censorship on social media , and the importance of having fun with your brand and marketing. I nside Retail : First of all, can you tell me a bit about your background and how you came to launch Nala?

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In-Store Communication Using Retail Displays

Creative Displays Now

Communication exists for many species, but human beings have taken communication to another level, going beyond written and spoken language to a persuasive combination of words and graphics that can connect people with products in seconds. Although communication mediums have changed over the years, they continue to inform and motivate people to make the best choices about spending their money.

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RM Williams, Rugby Australia collaborate on limited-edition range

Inside Retail

RM Williams has collaborated with Rugby Australia to create a limited-edition collection inspired by both Wallabies costumes and RM Williams motifs. The limited edition range of licenced apparel, accessories, and footwear, designed to coincide with the Wallabies’ trip to France, is part of a multi-year relationship struck last September between RM Williams and Rugby Australia.

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Forrester Report: Demystifying The Technical Functions of POS Solutions

Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.

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Supermarket sales slow as Brits readjust spend ahead of summer holidays, NielsenIQ reports

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Total Till sales at UK supermarkets slowed to +8.9% over the last four weeks ending 15th July 2023. This is a decline from the +12.4% recorded in June 2023, reveals new data, released today by NIQ (previously known as NielsenIQ).

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Eight telcos get final warnings over consumer protection rule breaches

Inside Retail

Eight telecommunication operators have been warned by the Australian Communications and Media Authority (ACMA) after they failed to provide “adequate safeguards” to customers regarding disconnections. The ACMA investigation found various breaches of the Telecommunications Consumer Protections Code (TCP Code) which could have helped customers avoid service restrictions, suspensions or disconnections.

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Klarna partners with iconic UK luxury store Liberty to offer payment flexibility

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Klarna, the AI powered global payments network and shopping destination, has today announced its partnership with iconic British department store Liberty, with its flexible and interest-free payment options now available online.

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Why Aeon Mall is looking outside Japan for future growth

Inside Retail

Aeon Mall has long been a powerhouse among mall developers and operators in its home country of Japan. For some time though, it has seen the biggest growth opportunities overseas and it is running fast to turn those opportunities into bricks-and-mortar. In its latest financial report, for the quarter ending 31 May, Aeon was at pains to push that point further.

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib

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As inflation moderates, the £1 is back at Poundland

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! n the wake of last week’s inflation data showing price rises were moderating, falling to 7.9 per cent in May from 8.7 per cent, Poundland today (25 July) made a significant move to reduce the price of big brand family favourite products, many back to a £1 price point.

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Better Customer Experience Means Delivering More

Parcel Pending

Whether your customer is a resident of a multifamily community, a university student, or a retail shopper who needs a special pair of shoes for tonight, these customers expect their packages to be delivered when promised and expect the pick-up process to be simple and convenient. Smart parcel lockers provide affordable, secure, on-demand access to packages.

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Gousto: nearly nine in 10 (87%) UK parents cater to fussy eaters at mealtimes

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! New research by recipe box company Gousto has revealed that nearly nine in ten (87%) UK parents say they have at least one fussy eater at home. The survey of 1,000 parents with children aged 3-16 revealed that over half (54%) of parents with fussy children feel it adds stress to their day.

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Shaping a sustainable and human-centric tomorrow through Intuitive Design

Design Wanted

The inception of the European Product Design Award (ePDA) was driven by the desire to acknowledge the endeavors of skilled international product designers dedicated to enhancing […] The post Shaping a sustainable and human-centric tomorrow through Intuitive Design appeared first on DesignWanted.

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The Personalization Playbook: 2024 Strategies

Did you know—74% of IT leaders are looking to improve their tech stack to offer better personalization? It’s impossible to ignore the importance of personalization, but it comes with challenges. How do you do it with a tight budget? What about customer privacy and the use of data? The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.

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Primark lowers kids clothing prices and rolls out click and collect in London

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Primark is to lower the prices on hundreds of its much-loved essential kidswear products as part of its upcoming Autumn/Winter collection. The move will apply to the price points of selected product ranges landing in stores from the end of July and aims to help family finances go further.

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Zoetis Offices by iDA Workplace

Retail Design Blog

iDA Workplace created a space to reflect the brand and purpose of Zoetis in the design of their offices in.

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One third of BOGOFs are on unhealthy food, with just 3% on staple carbs and 3.8% on fruit and veg, study shows

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! New data released today shows that just 3% of volume promotions or multibuys available in supermarkets are on staple carbohydrates, 3.8% on fruit and vegetables and 1% on milk. Just one promotion was found on eggs – a packaged snacking option rather than a carton of eggs intended for everyday use.

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Why the Kmart-Target back end merger has been a decade in the making

Inside Retail

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.

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How Personalized Customer Experiences Drive Retail Growth and Revenue

Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach

More and more, customers are expecting a better personalized CX. But can retailers actually deliver? Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions? Join us to gain a better understanding of the current retail landscape and learn what you can do to translate personalization strategies into practical implementatio