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Tag: retail


News & Trends

Retail Brands Have Missed the Mark on NFTs: Three Ways to Get it Right Going Forward

June 1, 2023

Via: Retail TouchPoints

Retailers never get a rest: there’s always a new digital advertising platform to master. Today, NFT campaigns are the emerging medium. Though standards are scarce, fraud is rife and big wins are few, many retail brands have already tested the […]


Stores

Walmart Switches to Recyclable Paper Bag Mailers and Right-Sized Packaging

June 1, 2023

Via: Retail TouchPoints

Walmart’s latest sustainability initiatives combine changes to its fulfillment processes as well as customer-facing options for reducing waste, including allowing online shoppers to opt out of plastic bags for store pickup orders and to request consolidation of multiple items into […]


News & Trends

Are Retailers Ready For Remote Workers?

June 1, 2023

Via: RetailWire

The rise of remote working presents opportunities for local retail but may require adjustments to new shopping behaviors. For c-stores, for instance, fewer workers heading back and forth from work is negatively impacting both the breakfast daypart (6 a.m. to […]


Stores

Retail Store Openings and New Concept Trends

May 31, 2023

Via: RIS News

A slew of retail store expansion plans have been announced this spring, as well as some new concepts from retailers. One highlight from the roundup below: Lowe’s is broadening its footprint with a new one-stop shop concept in up to […]


Stores

The Future of Retail: Rethinking Digital Signage to Improve the In-Store Experience

May 31, 2023

Via: Retail TouchPoints

Expectations are never-ending in the retail industry. They’re also ever-changing — even more so in light of recent events. People have different mindsets when entering a brick-and-mortar store. Some people are certainly cautious about in-person interactions, so they’re often in […]


Stores

Big Lots reports ‘disappointing’ quarter, plans store leasebacks

May 30, 2023

Via: Retail Dive

The three months ending April 29, were “clearly a disappointing quarter,” Thorn said. A contributing factor to the down quarter, according to Thorn, was the abrupt closure of United Furniture Industries in November. That company was Big Lots’ largest vendor. […]


News & Trends

Target faces new backlash after pulling Pride merchandise in some stores

May 25, 2023

Via: Retail Dive

Target on Wednesday said it is pulling some items designed for Pride Month, following incidents in stores that put store workers at risk. The mass merchant said that for more than a decade it has offered an assortment of products […]


E-commerce, Retail Types

Tapestry and Marks & Spencer Power E-Commerce Personalization With Generative AI

May 24, 2023

Via: RIS News

Tapestry (parent company to such brands as Kate Spade and Coach) is bolstering its marketing efforts by leveraging generative AI tech to automate online personalization, and Marks & Spencer is following close behind. Tapestry is implementing technology that automatically generates […]


Customer Engagement, Customer Experience

Meet the Next Generation of Shoppers: 3 New Shopper Archetypes Retailers Should be Aware of

May 24, 2023

Via: Retail TouchPoints

COVID, Brexit, and more recently the war in Ukraine, along with a cost-of-living crisis have caused 80% of shoppers to change their purchasing behavior. Unsurprisingly, this has dramatically changed the shopper marketing landscape, and as a result, retail brands are […]


E-commerce, Retail Types

3 Profitability Strategies for E-commerce Retailers in 2023

May 24, 2023

Via: RIS News

E-commerce is dealing with a bad hangover. We just left a two-year period where practically every category of retail saw unprecedented growth and the bar was raised for everyday e-commerce experiences. Now, merchants across industries are struggling to adjust to […]


News & Trends

The future of retail: Global trends shaping the next 5 years

May 24, 2023

Via: Retail Dive

If the last few years have taught retailers anything, it’s how to remain resilient in a disruptive economic environment. The path forward will not be simple, but our goal at Google is to help retailers and brands navigate uncertainty. As […]


Stores

Digital Brands Group sees potential for 50 retail stores

May 22, 2023

Via: Retail Dive

Digital Brands Group — which also owns DSTLD, Stateside, Harper & Jones and Bailey 44 — is looking toward physical retail expansion and affiliate sales to fuel its growth this year. “We believe both channels will increase our e-commerce and […]


Retail Types, Stores

Does Retail Need a New Approach to Fight Organized Crime?

May 22, 2023

Via: RetailWire

Inventory shrink driven by organized retail crime is expected to reduce Target’s profitability by an additional $500 million this year, the retailer’s CEO Brian Cornell said last week. “The problem affects all of us, limiting product availability, creating a less […]


Retail Types, Stores

Do Retailers Need to Get Ready Now For Mother’s Day 2024?

May 19, 2023

Via: RetailWire

The National Retail Federation (NRF) estimated that consumers would spend $274.02 per person on 2023 Mother’s Day and 75 percent would give flowers as a gift. Predicting and delivering these perishable items is a massive challenge, one that Bouqs (pronounced […]


Editorial

The Top 5 Inventory Control Techniques for Retail Companies

May 18, 2023

Via: Lilian Cooper

Effective inventory management is a critical aspect of retail marketing success. Poor inventory control can lead to stockouts, causing a loss in revenue by not meeting consumer demand. Fortunately, retailers can leverage many stock control techniques to maintain production levels […]


Retail Types, Stores

Are Retailers Helpless In Overcoming Panic Buying?

May 18, 2023

Via: RetailWire

A university study led by Rensselaer Polytechnic Institute finds rationing generally doesn’t work and emergency authority figures – not retailers – stand the best chance at reducing “panic buying” during disaster-related situations. Managing supply was deemed nearly an impossible task […]


Customer Engagement, Customer Experience

How to Get the Most Out of Retail Media Networks

May 17, 2023

Via: RIS News

Concerns over an impending recession have forced retailers, brands, and consumers to brace themselves for budget cuts. Whether it’s consumers taking a closer look at their purchases, brands scrutinizing their ad spend, or retailers looking to maximize their profitability, everyone […]


News & Trends

What Retail Leaders Need To Know About the Congressional Hearing on Artificial Intelligence

May 17, 2023

Via: RIS News

The U.S. Senate Judiciary Committee Subcommittee on Privacy, Technology and the Law hosted a hearing exploring the oversight of artificial intelligence (AI) on Tuesday. The hearing, “Oversight of A.I.: Rules for Artificial Intelligence,” was the first in a series of […]


News & Trends

From Retirement to Retail: How Employers Can Support Successful Returns to Work

May 17, 2023

Via: Retail TouchPoints

The economic fallout from the pandemic has had a profound impact on the labor market and society. Worker shortages across industries have created a challenging scenario for countless businesses as they rush to fill job vacancies while still ensuring the […]


News & Trends

April retail sales see gains, report Commerce and NRF

May 16, 2023

Via: SCMR Editorial

United States April retail sales showed gains, according to data respectively issued by the U.S. Department of Commerce’s U.S. Census Bureau and the National Retail Federation (NRF). Commerce reported that April retail sales—at $686.1 billion—were up 0.4% compared to March […]