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Category: World Retail news

Managing Your Digital Channels with Metrics

Feb 23 2020 Carol Evenson Guest Contributor Just as shopper metrics are critical for your brick-and-mortar stores, metrics for your digital channels will help you identify strengths to further leverage and opportunities for ongoing continuous improvement. Paying close attention to e-commerce metrics will add …

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RXUK Top500 How Covid-19 has redefined retail

The 2021 RetailX Top500 report arrives twelve months into a period of rapid and drastic change for UK retail. The coronavirus pandemic locked down the UK’s population for much of 2020, pushing them towards buying online, accelerating a switch to digital and hastening the demise of those brick and mortar retail stores that had previously …

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Promising Improvements — Forrester’s US Retail Recovery Heat Map, February 2021

Since April 2020, we have estimated how the retail economies of 30 major US metropolitan areas are recovering from COVID-19. By aggregating 11 metrics (across retail sales, local economic indicators, and virus spread), our model predicts that these metropolitan areas will face differing levels of COVID-19 disruption. For these metrics, we looked at US metropolitan-, …

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Inventory Reporting: What it Is and How to Use it for Your Retail Business

In retail, inventory and sales reports hold a wealth of information. But nearly half of small businesses either don’t track their inventory, or they use a manual method to do so.  This makes retailers susceptible to inaccurate reporting. While that may seem insignificant, when you’re using data to inform business decisions, it could be the …

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Fall of the House of Topshop

In the narrative surrounding Topshop’s collapse and buyout by ASOS, the focus has been on their inability to compete against online fast fashion brands like Boohoo and Pretty Little thing.  Topshop gave no indication that they were ever serious about taking the fight online. They saw themselves as an established, premium high street brand. Their …

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Boost the effectiveness of subscriptions with these features

Get great content like this right in your inbox. Subscribe A new survey reveals five steps that direct-to-consumer (DTC) retailers can take to increase customer engagement with subscription programs. E-commerce technology vendor Bold Commerce recently surveyed 800 DTC retailers for its “2021 Subscriptions Trends” study. More than 70% of respondents have—or soon will—integrate subscriptions into …

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All the retailers that agreed to repay coronavirus business rates relief.

The one-year business rates holiday was announced in March last year. In March last year, just as the UK was about to enter its first lockdown, Chancellor Rishi Sunak announced a one-year holiday on business rates payments from high street premises. The tax relief was aimed at helping retailers, leisure and hospitality firms that were …

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Arket to open its first store in Korea

Located inside The Hyundai Seoul, a new department store in Yeouido, the store is Arket’s first physical destination in Asia. The 8,072 sq ft store will offer collections for women, men, children and the home, as well as a Nordic inspired vegetarian café. Arket is also opening a new flagship in the Chinese capital of …

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Work World Enlists Retail Site Selection Tools to Double Footprint

Workwear and safety equipment retailer Work World is deploying a suite of tools from SiteSeer Technologies to select new retail sites as it doubles its footprint over the next three years through acquisition and the addition of new locations. Work World was acquired by Gart Capital Partners in early 2020 and currently operates 23 retail …

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Locus Robotics raises $150M | Retail Dive

Dive Brief: Locus Robotics, the autonomous mobile robotics company, announced on Wednesday that it has raised $150 million in Series E funding, led by Tiger Global Management and Bond. The funding brings the company’s valuation to $1 billion. The round “builds on support from existing investors,” according to a press release emailed to Retail Dive, and …

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