Wed.May 03, 2023

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Inflation drives higher retail spending in March

Inside Retail

Retail spending rose 5.4 per cent year-on-year in March as consumers spent more than $35.3 billion in stores and online, according to data from the Australian Bureau of Statistics (ABS). Cafes, restaurants and takeaway sales were up 17 per cent followed by food sales at 8.6 per cent, department store sales at 4.7 per cent and clothing, footwear and accessories sales at 3.6 per cent.

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Cross-channel and cross-device identification ‘black-holes’ are hampering retailers’ personalisation capabilities, Wunderkind data shows

Retail Focus

New data from Wunderkind , the leading performance marketing solution that scales one-to-one messages for retailers and brands, has revealed that black holes in retailers’ shopper identification capabilities are hampering personalisation efforts, and leaving revenue opportunities on the table. Being able to identify returning visitors – after first-party and session cookies have expired – is key to delivering a frictionless, high-converting on-site shopping experience.

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Two BWX brands sold to Julie Mathers, New Zealand investor

Inside Retail

Julie Mathers and a New Zealand-based online wellness retailer HealthPost have acquired the Flora & Fauna and Nourished Life brands from BWX, the beauty giant that collapsed a month ago. Mathers, who established Flora & Fauna in 2014, has teamed up with HealthPost, to register a new company in New Zealand called The Future Collective. The new entity will acquire the assets of BWX Digital including IP, websites, data, goodwill and stock across both brands.

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Yorkshire Asian Young Achiever Awards nominations now open

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! A leading award scheme that celebrates the achievements of young Asian people in Yorkshire is now open for entries. The Yorkshire Young Achiever Awards – known as “the YAYAs” – are in their fourth year and have grown into a key event in the Yorkshire and UK awards calendar.

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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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Experts weigh in on China’s supply chain risks and mitigation strategies

Inside Retail

As the world’s second-largest economy and the largest exporter, China plays a significant role in global supply chains. However, with the rapid expansion of China’s manufacturing sector and its integration into the global economy, there are also inherent risks that businesses need to consider. In recent years, the Covid-19 pandemic exposed the vulnerability of supply chains, and the ongoing trade tensions between China and other major economies have added further complexity and unce

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Top 10 Trends in Retail 2023

Barber Design

We’ve been thinking a lot about trends which are naturally driven by consumers but what’s happening therefore in retail, how are brands and retailers responding. Here are our top 10; Phygital – some shopper journeys are in-store, then online, and sometimes the other way round, or sometimes exclusively in just one channel; but how online is represented in a physical space is still taking on different forms and shapes.

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CIFF Guangzhou 2023: innovative solutions by the industry’s leading brands

Design Wanted

The 51st CIFF Guangzhou 2023 was held in two phases, effectively divided into three exhibitions: Home Furniture, Office and Commercial Space, and CIFM/interzum guangzhou. The numbers […] The post CIFF Guangzhou 2023: innovative solutions by the industry’s leading brands appeared first on DesignWanted.

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Almost half of UK consumers think the metaverse will become widely used in the next 10 years, new survey from KPMG UK finds

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! New research released today from KPMG UK has revealed that 47% of consumers in the UK think that the metaverse will become widely used in the next 10 years. The professional services firm polled 3000 UK consumers asking for their views on the metaverse.

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Crown to Couture, London

Retail Store Windows

If you love your Fashion then you could do no worse than visit here. Situated within the fabulous context of Kensington Palace, finally we see a worthy use of a building which represents everything which is wrong with the UK but a great space it is nonetheless and this goes some way to repair the damage of previous generations. Please, please, please can we see more exhibitions like this in your gorgeous Palace?

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Ivanka

Retail Design Blog

As an architect, I am excited to share details about the new Ivanka fish restaurant, a project that Archpoint Bureau.

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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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Top 5 Retail Trends to Keep an Eye on for 2023

Parcel Pending

Consumer trends and expectations are changing, and retailers must adapt if they want to remain competitive in an increasingly dynamic and quickly evolving market. With inflation and continued supply chain issues putting pressure on disposable income and many businesses still recovering after the COVID-19 pandemic, the retail industry across North America has to think creatively about elevating the customer experience and better leveraging technology to make an impact. 1 From social commerce to d

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Five Best Practices In Retail Inventory Management

RetailMinded

Managing inventory is a crucial element of every retail business. Having the right products available when your customers need them is critical to improving customer satisfaction and increasing revenue. Retailers know that inventory management is time-consuming and can pose difficulties. Thanks to technology-enabled best practices, managing inventory is easier than ever.

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Drytac has it all covered at FESPA Global Print Expo 2023

Drytac

The company will showcase a range of its solutions at the FESPA Global Print Expo, while its products will also feature across the stands of leading manufacturers including Epson, HP, Roland DG and Fujifilm. Bristol, UK, May 4, 2023 : Drytac , the leading international manufacturer of self-adhesive materials for the large-format print and signage markets, is delighted to announce it will display a range of its market-leading solutions at the FESPA Global Print Expo 2023.

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The Benefits of Crowdfunding for New Product Ideas

Retail Bound

Crowdfunding continues to be a popular way to finance all kinds of new products. It’s a great way to get your product idea off the ground without having to go through traditional channels like banks or venture capitalists. There are many benefits to crowdfunding, including the ability to gauge interest in your product, build a community around your product, and raise funds quickly.

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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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Promotional spend at UK supermarkets increases with 20% of Brits intending to buy extra or special groceries for the Coronation

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Sales of items on promotion at UK supermarkets rose to 23% in the last four weeks ending 22nd April 2023, the highest level since December 2020, helped by the increased level of supermarket loyalty scheme discounts, reveals new data, released today by NIQ (previously known as NielsenIQ). 1 Data from NIQ reveals that over the four week […] If you wa

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Piazza in a room

Retail Design Blog

Piazza in a room, the Mapoly Coffee in Shanghai Historical Museum, designed by Wutopia Lab will be opened in February.

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Team ITG delivers state-of-the-art virtual production campaign for Jaeger

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Team ITG, the technology-led, marketing activation business, has brought the beach to Birmingham to deliver a state-of-the-art extended virtual production marketing campaign for fashion retailer Jaeger. The video and photography shoot took place at Team ITG’s Capture production studio in Birmingham, using their 10m x 3m virtual production screen to creat

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AI In Retail

Chutegerdeman

The post AI In Retail appeared first on Chute Gerdeman.

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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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B&Q launches first insights-driven Trend Badge campaign on Pinterest

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Today, B&Q and Pinterest announce the launch of their co-branded campaign, marking the retailer’s first time utilising the platform’s unique Trend Badge feature. Pinterest’s trend prediction report released in December revealed that one of the big interiors trends for 2023 would be ‘Home Front’ – as consumers will be focusing attention on dress

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Estee Lauder sinks after dour 2023 outlook due to slow recovery in Asia

Inside Retail

Estee Lauder Cos’s shares plunged on Wednesday after the cosmetics maker forecast weaker sales and profit for the year than previously estimated, blaming slow recovery at duty-free and travel destinations, especially in Asia. Global retailers have banked on improved demand out of Asia after China eased Covid restrictions last year, but Estee’s travel retail division, one of its highest-growth sectors, did not rebound as expected.

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Cadbury introduces new Limited Edition Twirl Mint in cheeky un-advertising campaign

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! oday the nation’s favourite chocolate brand, Cadbury, is launching a campaign to un-advertise its highly anticipated limited edition Cadbury Twirl Mint bar. The new limited-edition bar is a delicious new take on the iconic Twirl, infused with mint in the velvety layers the chocolate bar is known for, with the potential of attracting mint chocolate [̷

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What Aussie retailers should expect amid potential welfare changes

Inside Retail

A central focus for the government ahead of the federal budget on 9 May is expected to be curbing inflation and easing cost of living pressures. This, along with rising interest rates to combat inflation, is already placing immense pressure on the retail industry, with the sector bracing for a slowdown in consumer spending. Retail staff have been especially hard hit, with wages across the industry not keeping up with inflation.

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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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Cross-channel and cross-device identification ‘black-holes’ are hampering retailers’ personalisation capabilities, Wunderkind data shows

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! New data from Wunderkind, the leading performance marketing solution that scales one-to-one messages for retailers and brands, has revealed that black holes in retailers’ shopper identification capabilities are hampering personalisation efforts, and leaving revenue opportunities on the table.

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The threat of delist: the no-lose negotiation tactic used by retailers under pressure

Mike Anthony

Another week, and another set of bad financial reports from retailers. Big supermarket chains have been under pressure for some time as e-commerce, discounters and convenience stores and specialists all vie for share. Then inflation hits both store operation costs as well as cash-strapped shoppers. And all this at a time when there is a desire and a need to update and renovate stores, as well as investing in new channels.

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Return to physical shopping boosts store growth for Card Factory, says GlobalData

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Following today’s release of Card Factory’s figures for FY2022/23; Tash Van Boxel, retail analyst at GlobalData, a leading data and analytics company, offers her view: “Despite an impressive start to the year, with H1 FY2022/23 sales up 69.4%, Card Factory’s total revenue rose 27.1% to £463.4m for the full year, amid a more challenging H2, […] If y

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Southern Co-op recognised by its diversity and inclusion partners

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The work of Southern Co-op’s Diversity and Inclusion Manager is being recognised at two different ceremonies in May and June. Southern Co-op is a finalist for Inclusive Employer of the Year at the Weston College Business Awards following work with the Weston-super-Mare college offering placements for students with special educational needs.

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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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Consumer goods leaders expect metaverse to account for 5-20% of revenue by 2030, finds Kearney report

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Leading global consultancy partnership Kearney has today released new data showing revenue predictions and sentiment from senior telecommunications and consumer goods lead around the metaverse. The report also reveals that many senior leaders are still unsure what form this will take and how this will affect their businesses’ bottom lines.