Retail TouchPoints

MARCH 3, 2023

Best Buy is planning to evolve its operating model with a greater emphasis on smaller stores as the retailer plans to close 20 to 30 large-format stores, implement eight experiential store remodels and open approximately 10 additional outlet stores over the coming year. The first location, a 5,000-square-foot shop in Monroe, N.C.,

Omnichannel 292

Omnichannel Operations Technology Improvements 292

Kissmetrics

FEBRUARY 19, 2021

Current 2021 Trends in Entrepreneurship. In 2021, don’t let a lack of IT expertise hold you back from innovating. Micro-influencers typically have less than 25,000 followers and operate in super specific niches. The post The 10 Biggest Trends in Entrepreneurship to Look For in 2021 appeared first on Neil Patel.

Social Media 361

Social Media Payment Services eCommerce Multichannel 361

Kissmetrics

JULY 12, 2021

Manage operations, sales, and marketing all from one dashboard that will help you visualize your performance and make key business decisions. Streamline and Simplify Marketing Automation With GreenRope. GreenRope is “the ultimate dashboard for your business.”. This tool is useful for completing marketing automation and CRM all in one place.

Marketing 362

Marketing Payment Services Payments Events 362

Retail TouchPoints

APRIL 18, 2022

28, 2022, Fast Retailing operates a total 3,528 stores, with 2,347 as UNIQLO operations — 802 UNIQLO Japan shops and 1,545 UNIQLO International locations. “We We opened the UNIQLO Rivoli Store in Paris in September 2021 and our first global flagship store in Beijing, the UNIQLO Beijing Sanlitun Store, in November 2021. “We

Operations 305

Operations Marketing Retail 305

Retail TouchPoints

DECEMBER 3, 2021

GBG has been seeking buyers for Sean John since May 2021. The holding company itself filed for bankruptcy protection in July 2021 after divesting several other brands. “We Combs is now the stalking-horse bidder for Sean John; other interested buyers can submit offers until Dec.

Fashion 306

Fashion Operations Other Management 306

Retail TouchPoints

OCTOBER 5, 2022

Known for its commitment to sustainability, Allbirds has been fortifying its brick-and-mortar presence since its IPO in November 2021. million generated during the first half of 2021, and an increase of 52% compared to the first half of 2020. Allbirds operates 55 stores globally, 32 in the U.S., million compared to $117.5

Sporting Goods 275

Sporting Goods Outdoor Operations Supplies 275

Retail TouchPoints

FEBRUARY 17, 2023

The RealReal will cut operating costs through layoffs and store closures, with plans to eliminate 230 positions, or 7% of its workforce, according to a filing with the Securities and Exchange Commission. million in Q3 2021, and the net loss for the quarter was $47.3 million in Q3 2021. Revenue for Q3 2022 was $142.7

Payment Services 299

Payment Services Payments Accessories Operations 299

Forrester eCommerce

APRIL 30, 2021

According to the 2021 Business Technographics Marketing Survey, 75% of all B2B marketing respondents agreed that “buyers expect an immediate response to their […]. The concept of “right audience, right content, right place, right time” has been around the B2B world for ages.

B2B 459

B2B Marketing Operations 459

Retail TouchPoints

MAY 12, 2023

Bluestar brought back the Justice brand as an online-only retailer in April 2021 following its $90 million acquisition of the company in November 2020. Bluestar has appointed Anthony Lucia as Global President of Scotch & Soda USA and Global Business Operations. He brings 25 years’ experience running both U.S.

Accessories 311

Accessories Apparel eCommerce Platforms Fashion 311

Retail TouchPoints

JUNE 7, 2022

Prior to that position Brok spent more than eight years at Nike , eventually serving as its VP, Global Product and Merchandising Operations and Analytics.

POS 328

POS Mobile Operations Technology 328

Retail TouchPoints

JULY 3, 2023

“From moving our assembly operation, relocating our warehouse and updating our ERP system, we are collectively working towards a strategic omnichannel environment that supports shifts in retail and consumers’ wants and needs. .” during the height of its operations. Its products also are sold at The Paper Store locations.

Omnichannel 293

Omnichannel Operations Consumer Other 293

Retail TouchPoints

OCTOBER 31, 2022

Spirit Halloween leased approximately 19,000 square feet of the space, which formerly housed a two-floor , 40,000-square-foot Bed Bath & Beyond store that shuttered in June 2021. Consumers who are dedicated to the brand also eagerly anticipate the annual summer grand opening of the Spirit Halloween flagships.

Operations 275

Operations Toys Accessories Customer Experience 275

Retail TouchPoints

OCTOBER 19, 2022

The agreement allows Green Thumb to lease space from Circle K in Florida, where the c-store retailer operates approximately 600 locations, to offer patients a selection of branded cannabis products. that will be operational by the end of 2022. and $27 billion in 2021, according to data from the MJBiz Factbook.

Operations 300

Operations Games Channel Marketing 300

Retail TouchPoints

DECEMBER 22, 2022

Linnartz was appointed President of Marriott in 2021 and currently is leading the hospitality brand’s multi-billion dollar technology transformation, designed to improve customer experience, drive topline revenue and increase operational efficiency. Early in her career, Linnartz worked with Hilton Worldwide. ”

Omnichannel 272

Omnichannel Technology Operations Customer Experience 272

Retail TouchPoints

SEPTEMBER 5, 2024

The deal includes a pro-rata payment to Nordstrom to buy out its minority interest in the brands , which the department store acquired as part of a previous joint venture with Asos back in July 2021. Analysts have noted that the deal has the potential to open the Topshop and Topman brands to additional wholesale arrangements.

Payment Services 260

Payment Services Payments Department Stores Online Retail 260

Retail TouchPoints

APRIL 3, 2023

Boxed has filed for Chapter 11 bankruptcy protection and will wind down its retail operations while pursuing a sale of its software business. The ecommerce retailer will fund and protect its near-term operations and cover administrative expenses through access to its cash collateral. million reported during the same period in 2021.

Retail 313

Retail Banking Operations eCommerce 313

Retail TouchPoints

JULY 1, 2022

Enjoy will continue operating throughout the bankruptcy process but will wind down its operations in the UK, according to an SEC filing. To fund its operations throughout the Chapter 11 proceedings, Enjoy has received a $2.5 The ultimate plan is to sell to the highest bidder. as of July 1, 2022.

Technology 311

Technology Telecommunications Consumer Electronics Electronics 311

Retail TouchPoints

OCTOBER 6, 2022

Amazon has announced that it hopes to hire 150,000 employees across its operations network for the holiday season, about the same amount as last year. Amazon’s operations employees are paid, on average, approximately $19 per hour based on position and location. Jobs are available across the U.S.,

Operations 267

Operations Shipping Events Retail 267

Retail TouchPoints

JANUARY 9, 2023

The Boxed retail operation provides bulk pantry consumables to businesses and household customers without requiring any type of big box membership. million over Q3 2021 to $41.6 The company went public relatively recently; Boxed announced its plans to do so in June 2021 as part of a merger with Seven Oaks Acquisition Corp.

Operations 292

Operations Consumer eCommerce Retail 292

Retail TouchPoints

JULY 5, 2022

billion net loss, which was partially driven by $6 billion in added costs — including the cost of operating its massive fulfillment network. Census Bureau found that ecommerce sales as a percentage of total retail sales declined slightly in Q1 2022 compared to Q4 2021, even though they grew 2.4% year-over-year. in-store growth. “We’ve

eCommerce 286

eCommerce Fulfillment Operations Customer Experience 286

Retail TouchPoints

OCTOBER 21, 2022

The sites are operated under a licensing agreement between Toys ‘R’ Us and Babies ‘R’ Us parent company WHP Global and Toys ‘R’ Us ANZ, the exclusive license partner for both brands in Australia and the UK. NPD estimates that the total addressable market for toys and games in the UK for 2021 was £3.7 locations four years ago.

Toys 308

Toys eCommerce Games Operations 308

Retail TouchPoints

JULY 5, 2022

The brand already operates nearly 40 stores and three local-language websites in France, Germany, Ireland, the Netherlands, Norway, Sweden, Switzerland and the UK, but Spain will be the first new European country lululemon has moved into since 2019.

Operations 284

Operations Retail Marketing 284

Retail TouchPoints

JULY 8, 2022

“After making more than 600 corporate hires in 2021 and the first half of 2022, we have a stronger understanding of our transformation needs,” said Matt Furlong, CEO of GameStop in the memo. Today, we’re making a number of reductions to help us keep things simple and operate nimbly with the right talent in place.”.

Games 278

Games Accessories Operations Supplies 278

Retail TouchPoints

JULY 10, 2024

Walmart will increase support for its grocery operations with enhancements to its perishable network, including five new high-tech perishable distribution centers (DCs), expansions to four traditional perishable DCs and a retrofit of the retailer’s Winter Haven, Fla. DC with the latest technology. One of the new DCs, in Shafter, Calif.,

Fulfillment 225

Fulfillment Arts Operations Shipping 225

Retail TouchPoints

MARCH 4, 2024

Thrasio , one of the highest-profile Amazon “rollup” firms — so-called because they acquire Amazon third-party sellers en masse and roll them up into a larger entity to consolidate operations (and ideally scale profitability) — has filed for bankruptcy in an effort to “strengthen its financial position.”

Operations 243

Operations eCommerce Customer Marketing 243

Retail TouchPoints

JULY 26, 2022

In fact, Salesforce has already predicted that the modest growth of the 2021 holiday shopping season could foreshadow this year , with Q1 data showing a 3% YoY decrease in global digital sales. and shoppers placed 12% fewer orders worldwide compared to the same period in 2021. Loyalty Shifts to Value.

Shipping Costs 289

Shipping Costs Gifts Fulfillment Consumer 289

Retail TouchPoints

MAY 18, 2023

Just nine months after taking on the dual role of Chief Financial Officer and Chief Operating Officer at Torrid , Tim Martin has resigned “to pursue other opportunities,” effective May 26, 2023. Harper was named CEO in May 2022; she had previously served as CEO of Torrid from 2011 to 2016 and served as CEO of Belk from 2016 to 2021.

Accessories 221

Accessories Apparel Operations Supplies 221

Retail TouchPoints

JUNE 6, 2022

The fast fashion company first fell into financial difficulties in fall 2021 but was saved when private equity firm Alteri stepped in to buy a controlling stake. He also added that it would “benefit from the strength and scale of Frasers Group’s platform and our operational excellence.”. The deals mirror similar moves in the U.S.,

Fashion 287

Fashion Clothing Operations Management 287

Retail TouchPoints

MAY 3, 2023

Continuing an ecommerce-focused growth strategy that launched when Francesca’s went private early in 2021, the retailer has purchased California-based wardrobe essentials brand Richer Poorer. This will deliver increased operational efficiencies, accelerate our omnichannel capabilities and open new revenue streams.”

Apparel 247

Apparel Omnichannel Operations Channel 247

Retail TouchPoints

AUGUST 19, 2024

By integrating this new system into fulfillment spaces, Ikea’s operations will “run continuously,” the company shared in an announcement. Ikea initially adopted drone technology in 2021 when it partnered with AI and robotics company Verity to develop an autonomous drone solution for warehouses.

Fulfillment 271

Fulfillment Order Fulfillment Omnichannel Operations 271

Forrester eCommerce

DECEMBER 13, 2021

The Apache Log4j vulnerability (CVE-2021-44228) affects somewhere between 0 and 3 billion-plus of the devices currently running Java. It’s been … a weekend for security pros. Luckily, a metric ton of amazing advice exists on #InfoSecTwitter right now.

Consumer 370

Consumer Management Operations Customer 370

Forrester eCommerce

DECEMBER 22, 2021

I began my latest career adventure with Forrester in November, 2021. When did you join Forrester? The Forrester “Bold at Work” values will be core drivers for my research with the intent of enabling clients and technology vendors to also be “bold at work”. Together, we’ll accomplish great things.

Technology 370

Technology Operations 370

Retail TouchPoints

SEPTEMBER 27, 2023

in 2021 and in line with shrink rates seen in 2020 and 2019. billion in 2021. reduced specific stores’ operating hours; 29.7% NRF Data: Shrink is on the Rise The National Retail Federation’s just-released National Retail Security Survey 2023 revealed that the overall shrink rate in 2022 rose to 1.6% , up from 1.4%

Sporting Goods 260

Sporting Goods Operations Retail Other 260

Retail TouchPoints

JUNE 9, 2022

The Red By Dufry program is already live in the 50+ countries where Dufry operates. The retailer announced its plans to deploy Amazon ’s Just Walk Out technology in select stores in early 2021. Travel retailer Hudson , a Dufry company, has rolled out its loyalty program to its more than 1,000 stores across North America.

Travel 320

Travel Magazine Books Electronics 320

Forrester eCommerce

OCTOBER 13, 2021

Over the past three years there’s been no shortage of hot takes on XDR. From a plethora of vendors across industries to security luminaries laying claim to the term, opinions abound. Yet, until recently, no research established a firm definition of XDR, let alone conduct evaluative research on XDR vendor capabilities. That is why […].

Definition 370

Definition Operations Customer 370

Optimizely

MARCH 5, 2021

Our everyday life is different, the way we take care of ourselves is different, the way we see how businesses operate is different. As of March 4, 2021, here is where the country stands: Image Source: CNN Business. That list encapsulates so much burden we have endured and is indicative of how our lives have changed. Forging Ahead.

Travel 367

Travel Improvements Operations Consumer 367

Retail TouchPoints

NOVEMBER 23, 2022

The holiday season is just as important for cannabis as it is for other areas of retail, with Green Wednesday (the day before Thanksgiving), Black Friday and the leadup to Christmas all driving sales spikes in 2021, according to Surfside’s The Season of Green report. 1 to 15 period in 2021. Cannabis Sale Spikes Span the Holiday Season.

Retail 269

Retail Toys Electronics Travel 269