Fri.Dec 30, 2022

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The Ongoing Battle to Protect Consumer Payment Card Data

Retail TouchPoints

Buying goods online is second nature to most of us. Using our payment card whilst we shop online rarely gives us pause, and the many millions who buy online generally trust the system. However, the recent busy shopping season means it’s a good time to remind ourselves that there is an ongoing battle to make sure that the payment card data of your customers remains secure.

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How To Write A Balance Sheet

Korona

No matter how big or how small, all retail companies must utilize some accounting to track their profitability and viability. Indeed, there are some essential assessments to be performed by every type of business. One of these assessments is a balance sheet. Knowing how to write a balance sheet is a must for all retail operators. Balance sheets are especially important for business managers to fully comprehend their company’s health.

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Adidas Opens First TERREX Outdoor-Lifestyle Store in Canada

Retail TouchPoints

Adidas has brought its TERREX outdoor brand to Vancouver, British Columbia’s Kitsilano neighborhood with a new brick-and-mortar store. While TERREX has an established ecommerce presence in Canada, the Kitsilano location allows customers to experience the label in person. As TERREX expands its brick-and-mortar presence, location scouting for the label has been focused on areas that are known to attract outdoor enthusiasts.

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Despite uncertain economy, 2022 was marked by sizable acquisitions

RetailWire

Yes, the biggest deal going is Kroger’s merger with Albertsons, a plan that has a major regulatory hurdle to clear before achieving fruition, but the retail industry was rife with acquisition activity in many sectors, including Amazon’s purchase of iRobot, ChannelAdvisor’s acquisition by CommerceHub, EstĂ©e Lauder’s nab of Tom Ford and the Victoria’s Secret/Adore Me deal.

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The Future of Multi-Vendor Commerce

In this on-demand webinar, discover how Logicbroker’s cutting-edge technology enhances the overall experience for both current and future customers and gain insights into how leveraging our seamless integration process unlocks new dimensions of efficiency and functionality. Plus, learn how our advanced marketplace features are set to revolutionize the way businesses operate, offering opportunities for growth and success within your multi-vendor commerce program.

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The Ultimate Guide to the Benefits of Using IoT in Business

Digital Doughnut

Here you can learn how to take advantage of the benefits of using IoT in your business and make better decisions with the data they provide.

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Food delivery ordering growth slows as consumers pinch pennies

RetailWire

Growth in the number of orders placed with DoorDash, Uber Eats and Grubhub slowed to about 5 percent, on average, in October and November vs. the previous year period, according to YipitData. That’s the slowest growth rate since the onset of the pandemic in 2020. DoorDash and Uber Eats alone are thought to control roughly 90 percent of the food delivery market in the U.S.

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Drug stores lock up entire categories of products, irritating shoppers

RetailWire

Shrink is growing (yes, we said that) to damaging levels at chains stores nationwide, largely driven by organized crime rings, and the anti-theft measures being taken by Walgreens, CVS and Walmart are drawing attention for frustrating law-abiding shoppers. Walgreens has reportedly gone beyond locking up select, high-priced items in favor of putting entire categories of product behind plexiglass barriers.

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Don’t blame high egg prices on inflation (entirely)

RetailWire

Recent reports on the inflationary price spikes at grocery stores tend to lump eggs in with flour and other baking needs that have become considerably more expensive in 2022, but eggs have a better excuse. The USDA reports that about 60 million birds have been lost so far due to avian flu, and the hit to the hen population has severely affected egg yields across the U.S., sending prices up nearly 50 percent.

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LA’s new ordinance mandates 14-day advanced worker scheduling notification

RetailWire

The city of Los Angeles has passed a new “Fair Work Week Ordinance” that is intended to give workers more protection over sudden shift changes that can play havoc with work/life balance. The new mandate, to go into effect in April 2023, will require retail businesses having 300 or more employees to notify workers about their coming schedules in writing 14 days in advance.

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Apple’s Watch Ultra makes list of top 2022 tech gadgets

RetailWire

In naming the Apple Watch Ultra among the most notable tech debuts of the year, Engadget reviewer Cherlynn Low cites the product’s fine aesthetics, comfort and array of cool features, including “a depth gauge for divers, dual-frequency GPS for more-accurate distance tracking, an emergency siren and impressive four-day battery life.

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From Data to Decisions: Maximizing Retail Potential with AI

Speaker: David Azoulay, Marc Stracuzza, RomĂ¡n 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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Jobless numbers reflect ‘very tight’ labor market

RetailWire

The Dow rallied yesterday on the back of the weekly unemployment report from the Labor Department showing a slight increase to 225,000 initial claims vs. the previous week. Economists see ongoing stability in the labor market, however the report’s continuing claims number increased to 1.71 million, the highest since February, signaling that laid-off workers may be having trouble finding re-employment.

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Starbucks raises point goals for loyalty rewards

RetailWire

Starbucks let its rewards members know on Wednesday that, starting in February, they will need to accumulate more points to get freebies. Currently, customers can exchange 50 stars to get simple hot beverages, but that number will double as of Feb. 13. Loyalty members will need to attain 200 stars for a latte or Frappuccino (150 stars, currently) and 300 for a selection of food items (currently 200).