Retail Ecosystem

  1. Retail Ecosystem

Matalan appoints former New Look boss as interim CEO

Matalan has appointed former New Look boss Nigel Oddy as interim CEO as the retailer begins a formal sales process and growth strategy. Oddy will officially join the company on… The post Matalan appoints former New Look boss as interim CEO appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Retail Ecosystem

Yodel to create over 4,000 temporary jobs for the festive period

Yodel is looking to recruit 4,000 temporary jobs as the parcel courier prepares for the busy festive period. The company said that a variety of roles are available at its… The post Yodel to create over 4,000 temporary jobs for the festive period appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Retail Ecosystem

Dollar Tree taps Michael Creedon as COO

CHESAPEAKE, Va. — Dollar Tree Inc. has added Advance Auto Parts veteran Michael Creedon Jr. to its executive team, naming him chief operating officer. “Mike’s impressive career in retail is rooted in a deep knowledge and understanding of his customers,” Dollar Tree president and chief executive officer Mike Witynski in announcing the hire. “Mike will […]
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  1. Retail Ecosystem

Walmart expands its virtual presence with Roblox

BENTONVILLE, Ark. — As part of its ongoing quest to meet its customers wherever they are, Walmart on Monday launched two new immersive virtual experiences on Roblox, a metaverse gaming platform. Called Walmart Land and Walmart’s Universe of Play, the spaces are meant to offer unique interactive content and entertainment for Gen Z shoppers, allowing […]
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  1. Retail Ecosystem

2022 RTIH Innovation Awards: don’t delay, enter today!

Time is running out to enter the 2022 RTIH Innovation Awards. The awards, sponsored by PMC, 3D Cloud by Marxent, CADS, and FreedomPay celebrate global tech innovation in a fast moving omnichannel world. Deadline for submissions is 4th November, with winners being announced at an exclusive event in central London during December. It’s free to […]
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  1. Retail Ecosystem

Kroger Looks To Wean Itself Off Instacart

Business Insider writes that as Kroger builds “its own tech infrastructure, including automated warehouses for delivery orders,” it means that it inevitably will end up “in competition with Instacart, its longtime grocery-delivery partner, analysts say.”  This competition may also play out as both companies seek advertising revenue from suppliers – there are only so many […]
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  1. Retail Ecosystem

Walmart Makes A Metaverse Play

From TechCrunch, a story about how Walmart “is stepping into the metaverse with two new experiences on Roblox: ‘Walmart Land’ and ‘Universe of Play.’ The virtual worlds are aimed at younger Walmart customers and let Roblox players collect new virtual merchandise, play games featuring toys and characters, earn toys from a blimp, attend live concerts, […]
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  1. Retail Ecosystem

U.S. manufacturing jobs are back in a big way

U.S. manufacturing facilities lost 1.36 million jobs from February to April 2020. As of August 2022, a total of 1.43 million jobs, a gain of 67,000, have been added. “One of the most striking things that we are seeing now,” said Brian Deese, the director of the National Economic Council, “is the number of companies […]
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  1. Retail Ecosystem

Americans remain conflicted about activities in ‘post-COVID’ America

President Biden last week said that the COVID-19 “pandemic is over” even as around 400 people every day die in the U.S. after contracting the virus. Much of America has returned to a semblance of life before the pandemic, but many activities are not yet back to the way they were in 2019 as individuals […]
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  1. Retail Ecosystem

Retail Industry Awards 2022: Meet the winners

Find out more about the Retail Industry Awards 2022 winning entries by clicking on the links below. INDEPENDENT WINNERS Best Use of Technology – Independent Sponsored By:   Mulkerns Eurospar, Newry, County Down Chilled Retailer of the Year – Independent Lynch’s Eurospar Skeoge, Derry, County Londonderry Drinks Retailer of the Year – Independent Lusty’s Centra, […]
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  1. Retail Ecosystem

Research: 80% of Brits concerned about Christmas spending this year

The majority of Brits (80%) are concerned about spending this Christmas, according to new research from customer insights platform, QuMind. 60% of Brits expect to spend less on Christmas this year, with one in 10 (11%) reporting they will reduce Christmas spending by 50% or more compared to last year. The research, conducted to understand […]
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  1. Retail Ecosystem

The Strategy Behind Carhartt’s New Digital Workwear Collection on Snapchat and Bitmoji

In episode 368 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Brendan Lokes, brand media manager at Carhartt, a manufacturer of premium clothing and workwear known for exceptional durability, comfort, quality and fit. Lokes discusses why Carhartt has formed a partnership with Snapchat and Bitmoji (0:48), how the brand listened to customer demand for Carhartt […]
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  1. Retail Ecosystem

Apple Pay Later facing “technical and engineering” issues

Apple Pay Later is grappling with “significant” setbacks that could delay its launch until 2023, according to a Bloomberg report. The tech giant said its Pay Later feature would be… The post Apple Pay Later facing “technical and engineering” issues appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Retail Ecosystem

PayPal warned against ‘cancel culture’ by Jacob Rees-Mogg

PayPal has been warned to stop “pushing political opinions” on the British public by business secretary Jacob Rees-Mogg. Rees-Mogg has made his views known following a growing row over PayPal’s… The post PayPal warned against ‘cancel culture’ by Jacob Rees-Mogg appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Retail Ecosystem

Kroger uses technology and data insights to meet customers on their own terms

Kroger is the largest supermarket operator in the U.S. and the retailer is using its size to deploy technology and analytics to understand its customers as well, if not better than, its smaller competition. “We are leveraging data to engage with customers through digital channels such as apps and website logins to make the customer […]
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  1. Retail Ecosystem

Amazon and eBay on list of companies expected to pay corporate minimum tax

Large businesses, which have been able to avoid paying federal taxes in the past based on deductions, won’t have the option going forward following the passage last month of the 15 percent corporate minimum tax. Amazon.com, Berkshire Hathaway and eBay are on a short list of companies expected to be affected by the change in […]
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  1. Retail Ecosystem

Getting to know secondhand buyers 

When Macklemore’s 2012 single Thrift Shop became a hit, it pushed secondhand shopping into the spotlight; but this wasn’t enough to change people’s general views on it. As a 2013 Time article put it, “apparently, flannel zebra jammies only look good in music videos”.  eBay was turning some heads back then, yet many would still […]
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  1. Retail Ecosystem

The Transformation of Hybrid Work in Retail

Co-authored by: Tricia Kelley How we work is changing—from where we host our meetings, to our day-to-day operations, life has been transformed by the pandemic. The push for work and life balance has never been stronger and the need to adopt more sustainable practices has never been more urgent. A digital-first approach has become imperative […]
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  1. Retail Ecosystem

Walmart Introduces ‘No Concerns’ Returns Including Home Pickup for Walmart+ Members

Walmart will launch three new returns options as part of its “No Concerns” campaign to accommodate early holiday shopping. Beginning in Oct. 1, 2022, Walmart will introduce: An extended Holiday Guarantee returns period allowing customers to return eligible purchases made on or after Oct. 1, 2022, through Jan. 31, 2023; Curbside returns, which will allow […]
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  1. Retail Ecosystem

Costco’s top line grows by over $30 billion in fiscal 2022

CFO Richard Galanti says customers not trading down to private label Costco Wholesale has followed up one strong fiscal year with another. The Issaquah, Wash.-based warehouse club chain posted double-digit net and comparable sales growth for its fiscal 2022 fourth quarter and full year, while topping Wall Street’s consensus earnings-per-share forecast for both periods. Related: Costco […]
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Five retail technology funding rounds you need to know about

RTIH rounds up the retail systems ventures whose funding rounds have been making headlines, including Swiftly, Ryft, Instant Commerce, and 1MRobotics. 1. Ryft Ryft, a PSD2 compliant payments system firm, has raised a seed round, led by SFC Capital. Additional investors include the ex-founder of Shutterstock and the founder of LoveFilm. This brings Ryft’s total […]
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