Inside Retail

MARCH 30, 2023

There’s been much discussion about the wage-price spiral theory, which theoretically sees wages rise concurrently with prices, subsequently exacerbating inflationary pressures. In early March, the Reserve Bank of Australia increased the interest rate for a tenth consecutive period, to 3.6 per cent in order to control this cycle and curb inflation. However, according to recent data by the Australian Bureau of Statistics in late February, the gap between wages and prices was at 4.5 per cent, the l

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Retail Focus

MARCH 30, 2023

The Visual Merchandising and Display Show is one of the most highly anticipated events in the retail industry, providing a unique platform for professionals to come together and showcase the latest innovations, trends and techniques in the field of visual merchandising and display. The show will take place on the 18th to 19th April 2023 at the Business Design Centre in London and is set to be a must-attend event for anyone looking to stay ahead of the curve in retail.

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Inside Retail

MARCH 30, 2023

H&M, the world’s second-biggest fashion retailer, reported on Thursday a surprise operating profit for the December-February period, despite weak demand as consumers curtailed spending amid soaring inflation. Operating profit in the Swedish group’s fiscal first quarter was $69.73 million against a profit of 458 million a year earlier and a mean forecast of 1.10 billion loss in a Refinitiv poll of analysts.

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Retail Focus

MARCH 30, 2023

While all retail stores use similar marketing techniques , high-end retail stores have to use that blueprint and turn it on its head. After all, no one is going to buy a $5,000 bag just because it’s expensive; they buy it for the name brand. But if you don’t have a name, what can you do? 10 Different Techniques to Increase Luxury Sales Figures Gucci, Dior, and Chanel can get by with just name recognition alone, but your brand will need something more.

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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.

Consumer

Inside Retail

MARCH 30, 2023

Homewares retailer Adairs has partnered with an Indigenous art project – Cungelella Art – to launch a limited-edition collection in-store and online. Cungelella Art is a project between four Kalkadoon sisters, named after the family’s grandmother. The collection reflects the stories of the sisters’ Kalkatungu homelands, with the colour palette “influenced” by the ancient rock faces, spinifex-covered hills and the shades of the Mt Isa sunset.

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Design Wanted

MARCH 30, 2023

From Nowatch to Myoovi, Wear A+ and Neural Sleeve – the future of wearable technology in healthcare is here, presenting powerful opportunities and altering our way […] The post How wearable technology is revolutionizing healthcare with endless possibilities appeared first on DesignWanted.

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Dezeen

MARCH 30, 2023

Italian studio Andrea Tognon Architecture has collaborated with former Moschino creative director Jeremy Scott to renovate the brand's flagship store in Milan. Located on Via della Spiga, one of Milan's famed shopping streets, the store sits within the 18th-century Palazzo Perusati, which was recently transformed by real estate company Hines into a luxury retail development.

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Inside Retail

MARCH 30, 2023

It’s a brave new world for Alibaba Group, which recently announced that it is planning to split into six units and explore fundraisings or listings for most of them. This is all part of a major revamp, as the Chinese government eases its regulatory crackdowns and starts to support its private enterprises. The six independent business units that have been proposed are: Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Comme

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Retail Times

MARCH 30, 2023

The subject of the tech skills gap remains a hot topic of conversation in both tech and wider business circles, with Fortune recently reporting on how the gap may well widen if uptake of tech careers continues to remain low amongst Gen Z.

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Inside Retail

MARCH 30, 2023

Redbubble co-founder Martin Hosking named CEO By Rakshnna Pattabiraman Martin Hosking has been appointed CEO and MD of the Redbubble Group, effective immediately. Outgoing CEO Michael Ilczynski resigned to pursue other opportunities in a non-competitive area and will provide assistance to Hosking until June 30 to ensure a smooth transition. “While I am disappointed the group has not returned to growth under my leadership, I am proud of the progress we have made towards achieving our strategic ob

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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.

Strategy

Design Wanted

MARCH 30, 2023

Inspired by the reflections of the moon, with a name derived from the goddess of youth and lunar light, the new Ebe collection by Nicola Gallizia […] The post Ebe Collection by Nicola Gallizia Studio – illuminates homes with lunar magic appeared first on DesignWanted.

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Inside Retail

MARCH 30, 2023

Ten consecutive cash rate rises, as well as grocery price increases of almost 10 per cent during the three months to December 2022, could set the scene for the next major retail sales event: Easter. The holiday is expected to see Australians indulge, according to the Australian Retailers Association (ARA), which is tipping consumers will spend almost $1.7 billion during Easter – a figure which is up 14.5 per cent on 2022, and which outstrips base-line inflationary increases.

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All Work

MARCH 30, 2023

If utilized correctly, the metaverse can offer companies a wealth of opportunities to boost productivity and increase employee communication. Ideally, the metaverse office should feel stylistically similar to the real-life office, with similar décor, lighting, branding and amenities. Unlike designing for a real-world office, designing for the metaverse workspace also requires designing rules for interaction within that space, and essentially building a culture from the ground up.

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Theatro

MARCH 30, 2023

Many traditional brick-and-mortar retailers find themselves in a tricky spot to begin 2023. As society continues to re-adjust to a post-pandemic world, retailers have struggled to maintain previous levels of customer service in their stores. In Theatro’s 2023 Retail Customer Experience Survey, 41% of respondents said their shopping experiences are “less enjoyable” than they were prior to Covid, with 64% citing poorly trained or prepared retail staff and 60% blaming inadequate s

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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.

Strategy

Retail Times

MARCH 30, 2023

Research conducted by CACI, the consumer and location intelligence specialist, has revealed that despite the rise in cost-of-living, premium brands are experiencing a growth in sales. This suggests a greater focus on quality over quantity amongst consumers, as with in-store shopping outperforming online showcasing the value of retail experience.

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RetailMinded

MARCH 30, 2023

In the competitive environment of e-commerce, most consumers expect businesses to offer them fast and easy checkout. In other words, if you want to keep up with other brands, you must improve the speed at which your customers can complete their transactions. The more satisfied customers are with your e-commerce site, the more likely they will return.

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Retail Times

MARCH 30, 2023

IKEA has announced its latest collaboration, SAMMANLÄNKAD, in partnership with social business Little Sun. The collection, which launches April 2023, combines beauty, art, and design with solar technology – with the result being two mesmerising solar-powered LED lamps.

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Bay Cities

MARCH 30, 2023

People interact with packaging every day. In many cases, they might not even think twice about it.

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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.

Customer Engagement

Retail Times

MARCH 30, 2023

By Nicolas Hammer, CEO and co-founder of Goodays We’ve just changed the name of our business from Critizr to Goodays. Why? Because what started out 10 years ago as technology to manage feedback and criticism is now all about the bigger picture, and delivering a better performance every day in business.

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Inside Retail

MARCH 30, 2023

Esprit CEO William Pak is one of those lucky few who doesn’t need a lot of sleep. That comes in handy, given the enormous task of turning around the iconic fashion brand, which lost its way in recent years. Here’s a closer look at Pak’s career journey thus far. Inside Retail: Tell me about your career journey. How did you get into the industry, what are some of the different roles you’ve held along the way?

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Retail Times

MARCH 30, 2023

Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group, is pleased to announce a major licensing agreement with J Sainsbury plc in which the supermarket group’s Habitat homewares brand and Tu clothing brand will develop a wide range of licensed products in collaboration with the Group’s Morris & Co.

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RetailMinded

MARCH 30, 2023

Wouldn’t it be great to believe retail security was not an issue? That’s a day dream we’d all like to see come true, but we know that will never be the case, unfortunately. With a reported 550,000 retail theft incidences happening daily across the country, it’s critical to identify a security plan that suits your unique store, theft concerns, and more.

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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

Architecture

Retail Times

MARCH 30, 2023

New YouGov Surveys data shows that, among the British public, a third (34%) buy mostly own-brand goods, three in ten (29%) buy known brand products, and another third (34%) buy both in equal proportion. Snacks and cupboard products – Own-brand vs.

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Retail Times

MARCH 30, 2023

With a week to go until Easter, the latest research from eBay Ads UK finds that outdoor purchases are set to ramp up over the coming weeks as a quarter (24%) of consumers plan to start buying items for their garden in April.

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Retail Times

MARCH 30, 2023

Following today’s release of Moonpig’s figures for Q3, FY2022/23; Tash Van Boxel, retail analyst at GlobalData, a leading data and analytics company, offers her view: “Having undergone a challenging festive period in H1 FY2022/23, Moonpig appears to be getting back on its feet following a promising Q3 performance driven by successful Mother’s Day trading.

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Retail Times

MARCH 30, 2023

As part of B Corp awareness month, Vypr, the UK’s leading product intelligence platform, has released a report on consumer awareness and knowledge about the certification. The report, conducted through a survey of Vypr’s nationally representative panel of consumers from the 65,000-strong Vypr community, revealed low consumer awareness of the B Corp brand and its benefits.

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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.

Strategy

Retail Times

MARCH 30, 2023

Four-in-five (83%) businesses view an engaging customer experience (CX) as a way to stand out against competitors, but 71% of leaders are being asked to match or surpass last year’s performance with significantly reduced budgets.

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Retail Times

MARCH 30, 2023

UK manufacturers are dangerously overstocked, carrying an average £102k in additional product according to new research released today. The Cash Flow and Overstock report, by inventory management software provider Unleashed, analysed 381,000 products, ingredients and components stocked by over 1,800 firms across the UK, North America, Australia & New Zealand.

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Retail Times

MARCH 30, 2023

Research from Twilio, the customer engagement platform that drives real-time, personalised experiences for today’s leading brands, shows that investment in customer engagement is a key driver of revenue growth.

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Retail Times

MARCH 30, 2023

The transformation of London’s iconic Sloane Street has begun.

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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

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