Thu.Jun 22, 2023

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No one will escape: Industry leaders on navigating the retail recession

Inside Retail

Australia is currently in the midst of a “retail recession” with real retail turnover experiencing a decline over two consecutive quarters. According to Australian Bureau of Statistics data, spending fell by 0.6 per cent during the three months to March, and by 0.3 per cent in the previous December quarter. With high inflation and climbing interest rates, consumer sentiment is set to plunge further, with retail spending set to decline in the June quarter.

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New store for viral hit Humble Crumble celebrates the brand and process

Retail Focus

SODA Studio has designed a new flagship store for Humble Crumble, a dessert company with a huge following online. Using colours and materials that reflect the ethos of the brand, the new home of crumble has been created to serve the rapidly growing fan base and provide an improved experience for the company’s social-media savvy clientele. Humble Crumble started operating in Spitalfields but moved around the market into increasingly larger plots as their popularity grew, which developed as more a

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Children’s swimmable shoe retailer closes down

Inside Retail

Children’s shoe retailer Minnow Designs has ceased operations citing tough trading conditions. “After four years of hits with bushfires, La Nina and Covid all heavily impacting our business, we are burnt out and have decided to close the business,” said Stacey Fisher, co-founder and director of Minnow Designs. Established in 2016 by Lorraine Nguyen and Stacey Fisher, the brand sells a range of waterproof beach shoes and sandals for kids.

Design 245
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First Asia Pacific Adidas Flagship in Myeongdong, Seoul

Retail Focus

Featuring the “Home of Sport” concept, adidas has opened its first Asia Pacific flagship store in the unique and bustling shopping district Myeongdong, a must-visit spot in South Korea. Various Associates , the only Chinese design firm that participated in the flagship design, partnered with adidas to extract local Korean elements and blend them with adidas brand personality, creating a “home of sport” with closer connections and deeper resonance with local customers.

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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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Calibre ramps up expansion across the country 

Inside Retail

Australian menswear label Calibre is ramping up its expansion across the country with two new stores in Melbourne and a Brisbane debut. The two Melbourne stores have opened at the Emporium and Highpoint, while the Brisbane boutique is housed in the St James luxury shopping precinct. The boutique designs feature a minimalist approach. “Following the evolution of the brand, the latest Calibre retail concept focuses on strong frontage and contemporary design features which highlight our product a

Expansion 245
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7 tips for those who want to save money

Retail Focus

In recent years, the Internet has been flooded with all kinds of money-related challenges. However, some of them may be useful. If you can’t manage to save money and your usual savings methods don’t work, you can try out some of the popular online money cheat games. This article from an essay writer who works at the best essay writing service free provides tips based on some of the best challenges to learning how to save money without wasting it. 1: Keep track of your spending.

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The Struggle Is Real For Britain’s Pubs As Closures Hit All-Time High

Retail Focus

The iconic pub culture in Britain is facing its most formidable challenge yet, as closures of these cherished establishments soar to an all-time high. With the pub industry battling against numerous factors, from changing consumer preferences to economic pressures, the future of these social hubs is at stake. In addition to the 100s of thousands of jobs, and billions in revenue that are at risk, Britain stands to lose a time-honoured cornerstone of its culture as closures continue to sky-rocke

Consumer 130
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US retailers’ members-only programs under scrutiny with Amazon lawsuit

Inside Retail

Amazon.com isn’t the only US retailer accused of using deceptive tactics to sell memberships to shoppers. From big-box chains Walmart and Best Buy to specialty retailers like Savage X Fenty and Adore Me, retailers’ subscription programs are facing growing scrutiny. Many collect monthly fees from shoppers in exchange for free delivery, unlimited tech support or discounts on merchandise.

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Harrods Unveils Luxurious ‘Lingerie & Lounge’ Universe in First Phase of Historic Womenswear Redevelopment

Retail Focus

Harrods is excited to unveil a new luxury destination on the first floor, the first phase of its anticipated Womenswear redevelopment project. The almost 16,000 sq. ft. space is dedicated to the pieces that make you feel the most confident and comfortable from morning, noon until night; lingerie, sleep and lounge. Building further on the growing focus and demand for transformative shapewear and tailored lingerie seen in recent years, the grand new halls provide products and services for every oc

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Trillions in revenue and a million jobs: Unpacking JD.com’s 20-year roadmap

Inside Retail

It’s been quite the ride for JD.com. Founded in 1998 by Richard Liu, the Chinese e-commerce giant recently celebrated the 20th anniversary of its online launch. Initially called JD Multimedia, Liu started the business with RMB12,000 (US$1670) of savings, which he used to lease a 4sqm retail unit in Beijing’s technology hub. The business got its first big break in 2003, during the SARS outbreak, when Liu saw an opportunity to capitalise on the burgeoning e-commerce sector and began selling produc

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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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How to Offer Faster Delivery: 5 Ways to Get Your Products to Your Customers – Fast

Retail Focus

In today’s competitive marketplace, timely delivery is crucial for customer satisfaction. Streamlining your logistics and offering fast shipping options are essential for staying ahead of the game. Here are several ways to ensure that your products reach customers quickly without compromising on quality or efficiency. Optimize Your Inventory Management System Optimizing your inventory management system is the foundation for faster delivery.

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Thread Together opens clothing beneficiary hub in Melbourne

Inside Retail

Not-for-profit fashion charity Thread Together is set to open its first clothing beneficiary centre in Melbourne on June 29. The hub is opened in partnership with Northern Community CareWorks and will help vulnerable people with clothing at no cost. The charity had a long-term objective of securing a permanent clothing hub after supplying clothing across Melbourne and regional Victoria through a Mobile Wardrobe van service.

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Consumer demand for curated ads from trusted brands is prompting retailers to tap retail media opportunities

Retail Focus

Consumer demands for curated ads from trusted brands is prompting retailers to tap retail media opportunities and open up new revenue streams from monetising their first party audiences, according to the latest research from ADvendio , the leading omnichannel advertising solution provider. Original research of over 1,000 UK shoppers by ADvendio showed the impact of customer engagement via traditional advertising was diminishing, with UK shoppers saying they ignore over half (56%) of digital adve

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Filling a customer service role? Look for these eight essential skills

Inside Retail

The level of thought and time that goes into hiring the right person makes a difference. Consider who will fit well into your team and culture and align with your organisational values and purpose. You also need to consider what kind of person could do the role and identify the required skills and experience. What does the role demand? What qualities and technical skills are essential?

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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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Social Media Presence For Small Retailers – 7 Tips, Tricks & Best Practices

RetailMinded

Do you want to know the secret sauce for boosting your brand’s success? You guessed it — a strong social media presence! With everyone glued to their screens these days, it’s more important than ever for small retailers like you to make an impact in the online world. So get ready to explore our incredible guide filled with tips and tricks tailor-made for your retail success.

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We asked ChatGPT to write a company HR policy – the results were promising

Inside Retail

With the release of artificial intelligence (AI) chatbot ChatGPT in November last year, the world of machine learning and AI has opened up to anyone who wants to use the bot to answer questions. And when OpenAI – the company behind ChatGPT – released its latest language model last March, it meant people could help guide its responses with specific material such as business documents on any topic.

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Journey of a lamp by Lukas Bazle for New Works at 3daysofdesign

Design Wanted

On the occasion of the 10th anniversary of 3daysofdesign in Copenhagen, New Works brought to life at their exhibition ‘A Poetic Disclosure’ a refreshing new version […] The post Journey of a lamp by Lukas Bazle for New Works at 3daysofdesign appeared first on DesignWanted.

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“My job never feels like a job”: Snuggle Hunny CEO Julie Mathers

Inside Retail

Julie Mathers has long been a stalwart member of Australian retail’s e-commerce industry, having founded the successful health and beauty focussed Flora & Fauna, and now heading up online kidswear retailer Snuggle Hunny. Here, Mathers unpacks her retail journey, and shares the way she stays successful. Inside Retail : Can you tell us about your career journey?

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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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Refreshing but rooted in culture – 6 kitchenware and tableware designs

Design Wanted

From Chris Fusaro to Kathleen Reilly, Yuting Chang, T Sakhi, Tongqi Lu, Tickle Quo, Julia Schwarz, Simiæn – today designers and brands are seamlessly crafting kitchenware […] The post Refreshing but rooted in culture – 6 kitchenware and tableware designs appeared first on DesignWanted.

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Retail appointments of the week

Inside Retail

Erica Berchtold out, Ray Itaoui in at Best & Less By Rakshnna Pattabiraman Outgoing CEO of The Iconic Erica Berchtold will no longer take over as chief executive of Best & Less Group in September, as the struggling discount apparel retailer had previously announced. Instead, Ray Itaoui, a co-investor and long-time partner of BBRC, whose takeover offer for BLG is set to close at the end of this month, will continue as CEO of the business, after assuming the responsibilities of chief execu

Tailored 130
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UK retail rewards programmes contribute £74.9 billion in retail spend – equivalent to 4.9%, report finds

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! As the cost of living crisis continues to bite, a new report by shopping rewards experts Webloyalty and economists Cebr has revealed the pressures both the UK retail sector and consumers face in 2023. With retailers tackling weaker margins and cost pressures and price conscious shoppers shifting their shopping habits as saving money becomes more […

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Darwin Aboriginal Art Fair returns, with streamed fashion shows

Inside Retail

The Darwin Aboriginal Art Fair (DAAF) will return this year to Darwin Convention Centre between August 8 to 13 to celebrate indigenous art, culture and couture. The event – which is on its 17th iteration – comprises an indigenous art fair and two indigenous fashion projects public events called Country to Couture and the National Indigenous Fashion Awards (NIFA).

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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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The Rise of E-Commerce and its Impact on Product Distribution

Retail Bound

The rise of e-commerce has been a game changer for retail product businesses. No longer are brick and mortar stores the only option for selling products. Online marketplaces have opened a world of new opportunities – but they’ve also created some challenges. In this blog post, we’ll take a look at the impact of e-commerce on product distribution. We’ll explore the pros and cons of selling online, and offer some tips on how to make e-commerce work for your product brand. 1.

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Glenhaven Foods signs deal to supply Subway® across all UK and Irish stores with innovative coated cheese product

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Leading sustainable Irish frozen food processor Glenhaven Foods has signed a major deal with Subway® to supply all 2,400 stores throughout the UK and Ireland with an innovative new product of Cheesy Bites for the Hot Sides Menu.

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4 Methods Guaranteed to Engage Esports Consumers  

Trade Show Booth Companies - Trade Group

In August 2018, a sports tournament was held in Vancouver’s Rogers Arena. The total prize pool for the participants was more than $25.5 million. (The winning team took home more than $11 million, while the second-place team walked away with just over $4 million.) Nearly 20,000 people attended the event, while another 15 million watched online.

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BetVictor Group is rebranding to BV Group

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! All change at online betting giant BetVictor. The Gibraltar-based online casino and sports gambling operator is being rebranded as BVGroup. The business, which was established in 1946, has seen many changes in its almost eighty-year history.

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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.