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News Briefs

Staying on top of breaking news in the retail industry is a commitment Retail TouchPoints editors take seriously. Each day, we publish the latest information in this News Briefs section. Up-to-the-minute stories cover retail implementations, new product announcements, financial updates, executive appointments and overall global updates affecting every aspect of the retail industry.

Swank Boutique Ramps Up Store Surveillance With HD Cameras
High-Tech Shoppers Are High On Mobile And Social Usage

High-Tech Shoppers Are High On Mobile And Social Usage

December 07 // Written by David DeZuzio

American Apparel Warns 3,500 Employees Of Possible Layoffs

American Apparel Warns 3,500 Employees Of Possible Layoffs

December 07 // Written by David DeZuzio

‘Suggested Selling’ In Stores To Top 51% By 2019

‘Suggested Selling’ In Stores To Top 51% By 2019

December 07 // Written by Glenn Taylor

Vantiv Offers Alternative Cross-Border Payment Methods

Vantiv Offers Alternative Cross-Border Payment Methods

December 06 // Written by Glenn Taylor

After Mass Layoffs At HQ, What’s Next For The Limited?

After Mass Layoffs At HQ, What’s Next For The Limited?

December 05 // Written by Glenn Taylor

Amazon Unveils Totally Checkout-Free Grocery Market

Amazon Unveils Totally Checkout-Free Grocery Market

December 05 // Written by David DeZuzio

eBags Zips Up Record Sales on Cyber Monday 2016

eBags Zips Up Record Sales on Cyber Monday 2016

December 01 // Written by David DeZuzio

PayPal Adds Checkout Option For Squarespace Merchants

PayPal Adds Checkout Option For Squarespace Merchants

December 01 // Written by Adam Blair

Peter Sheppard Footwear Deploys End-To-End Omnichannel Suite
GOAT Sneaker Marketplace Boosts Mobile App Performance

GOAT Sneaker Marketplace Boosts Mobile App Performance

November 30 // Written by Adam Blair

TechStyle Fashion Group Selects Marketing Analytics Solution
4 Ways To Protect E-Commerce Sites Against Bad Bots

4 Ways To Protect E-Commerce Sites Against Bad Bots

November 29 // Written by Glenn Taylor

Overtime Pay Rule Is Overturned: Good News Or Bad News?

Swank Boutique Ramps Up Store Surveillance With HD Cameras

  • Published in News Briefs
Swank Boutique offers women’s accessories, jewelry, small gifts and clothing that can slip off hangers or fall victim to sleight of hand quite easily, so shoplifting attempts can be common. To protect its merchandise and decrease shrink, the women’s fashion boutique, which has locations in Spokane, Wash. and Boise, Idaho, integrated AXIS…
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Starbucks Five-Year Plan: 12,000 New Stores And A Focus On China

  • Published in News Briefs
While Howard Schultz’s upcoming retirement as Starbucks’ CEO has sparked many questions about the coffee giant's future direction, the company certainly isn’t slowing down its expansion efforts. Starbucks plans to add a whopping 12,000 stores globally by 2021, upping the brand’s projected store footprint to 37,000 locations. The five-year expansion…
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High-Tech Shoppers Are High On Mobile And Social Usage

  • Published in News Briefs
According to the Consumer Technology Association (CTA), 68% of consumers —roughly 170 million people —plan to purchase technology gifts this holiday season. With high-tech purchases expected to account for a major portion of consumer holiday spending this year, UPS launched the 2016 UPS How to Click with High-Tech Online Shoppers study to…
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Staples Sells Majority Stake In European Business

Staples is selling a controlling interest in its European operations to an affiliate of private investment firm Cerberus Capital Management for $53.6 million, as the struggling office supplies retailer continues to shift focus to its North American business. Under a licensing agreement with Staples, the separate, privately held company will still operate under the Staples banner name and other sub-brands in European markets. Its associates will continue to be employees of Staples Europe, which will maintain its headquarters in Amsterdam.

American Apparel Warns 3,500 Employees Of Possible Layoffs

  • Published in News Briefs
Last month, American Apparel filed for bankruptcy for the second time in 13 months, and said that it would be selling off $66 million in assets and intellectual property to Canadian company Gildan Activewear. This was the latest in a series of struggles the company has faced, including weak sales,…
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‘Suggested Selling’ In Stores To Top 51% By 2019

  • Published in News Briefs
As the store’s role continues to evolve with consumer shopping preferences changing, omnichannel retailers aren’t just dabbling in personalization; they’re betting the farm on it. While currently just 7% of retailers use suggested selling based on what’s in the customer’s closet, that percentage is expected to jump to 51% by…
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MaxMedia Launches Labathon Challenge To Spur Retail Innovation

  • Published in News Briefs
MaxMedia, a digital retail experience agency, is launching its inaugural Labathon Challenge on Jan. 19, 2017. The 20-hour “hackathon”-style competition will host 20 college students across four teams, and is designed to encourage the development of innovative experiences that support the future of brick-and-mortar retail.  The winning team will receive…
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Cybersecurity Risks Run High For Biggest Holiday Retailers

  • Published in News Briefs
All 48 of the nation's largest holiday retailers have multiple issues with domain security, and more than 90% have a missing SPF (Sender Policy Framework) Record, which increases the risk of an email spoofing attack reaching their customers. These are just a few of the alarming findings of the 2016…
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Walmart Improves Brand Content Offerings With ItemMaster Partnership

  • Published in News Briefs
Walmart.com shoppers will soon have access to more engaging brand content across all channels. The retail giant announced a new content partnership with ItemMaster to make available manufacturer's Complete & Verified product records.  The partnership allows IM Certified Brand Content and additional IM Content+ branded content, such as videos and…
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Amazon Unveils Totally Checkout-Free Grocery Market

  • Published in News Briefs
The king of the retail jungle roars again. Amazon has unveiled a grocery store with no lines, no registers, no cashiers and no self-checkouts. Amazon Go, an 1,800-square-foot retail space located in the company’s hometown of Seattle, lets shoppers grab the items they want and leave; the order then gets…
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Howard Schultz To Step Down As Starbucks CEO In April 2017

One of the country's best-known CEOs, Howard Schultz, will give up that role effective April 3, 2017. This will mark the end of Schultz' second stint in a position where he oversaw one of the industry's foremost examples of global retail growth. President and Chief Operating Officer Kevin Johnson will replace Schultz as CEO. Schultz previously served as the company's chief executive from 1987 to 2000 before going on hiatus, but he returned  in 2008 after firing then-CEO James Donald. During Schultz’s second run as CEO, Starbucks increased its market value from $15 billion to $84 billion and its global footprint expanded from 16,000 locations to 25,000 in 75 countries.

eBags Zips Up Record Sales on Cyber Monday 2016

  • Published in News Briefs
Travel-ready shoppers across the country are getting their bags packed. And, wherever they are headed, there’s a good chance they have come into contact with eBags. The luggage, backpacks and travel-related retailer announced that Cyber Monday 2016 was its biggest online day in history for sales, mobile, and site traffic.…
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Deflated Food Prices Fuel 8.6% Q3 Loss For Kroger

Cheaper food certainly makes grocery shoppers happier as they exit the checkout lane, but America’s largest supermarket chain isn’t feeling the same positivity. Kroger reported an 8.6% net loss in its Q3 earnings report, with net income dropping to $391 million from $428 million for the same period last year. The Q3 report revealed that the supermarket: Cut the high end of its expected full year earnings guidance from $2.13 to $2.08 per diluted share; Increased total sales 5.9% to $26.6 billion from $25.1 billion last year; and Expects the current state of food pricing to continue into the first half of 2017.

PayPal Adds Checkout Option For Squarespace Merchants

  • Published in News Briefs
E-Tailers using the Squarespace platform can now integrate PayPal Express Checkout into their online stores, using a new feature that is in public beta test. The new capability should help the significant portion of Squarespace merchants that sell internationally, since PayPal accepts payments in more than 100 currencies and from…
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Peter Sheppard Footwear Deploys End-To-End Omnichannel Suite

  • Published in News Briefs
Australian retailer Peter Sheppard Footwear is gearing up its omnichannel capabilities by deploying the Mi9 Retail suite. The retailer seeks to gain a single view of its customers across channels with the solution, using Mi9 Retail for merchandise management, store operations, customer engagement, e-Commerce and enterprise analytics.
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GOAT Sneaker Marketplace Boosts Mobile App Performance

  • Published in News Briefs
Seeking to address speed and performance issues of its mobile experience, the GOAT premium sneaker marketplace has integrated the PacketZoom SDK into its app, serving as a complement to GOAT's CDN (Content Delivery Network). Key benefits of the implementation have included: • Increased speed of image downloads; • Reduced number…
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TechStyle Fashion Group Selects Marketing Analytics Solution

  • Published in News Briefs
TechStyle Fashion Group, parent company to JustFab, FabKids, ShoeDazzle and Fabletics, has made measuring its customer acquisition marketing performance easier. The retailer will use Visual IQ's IQ Intelligence Suite to measure the true impact of its marketing efforts and identify the touch points that are the most effective across the…
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Albertsons In Talks To Acquire Price Chopper For $1 Billion

Mega-grocer Albertsons is in advanced talks to acquire New York-based supermarket chain Price Chopper for as much as $1 billion, according to a report from Reuters. Neither retailer has yet commented officially on the matter. In a sector that has experienced significant consolidation in recent years, with major European supermarket conglomerates Ahold and Delhaize completing their merger in 2016 and Albertsons’ parent company Cerberus Capital Management acquiring Safeway for $9 billion to start 2015, regional brands such as Price Chopper are battling more competition from Walmart and discount chains such as Aldi (and likely future U.S. entrant Lidl).

4 Ways To Protect E-Commerce Sites Against Bad Bots

  • Published in News Briefs
With e-Commerce sales jumping 18% on Thanksgiving Day and Black Friday, and climbing another 10% on Cyber Monday, retailers are well aware of the need to optimize their digital storefronts. But they still may not be sufficiently protecting themselves against bots, which are malware applications that can carry out a…
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Lingerie Retailer Brings Voice Of Customer Into Product Decisions

  • Published in News Briefs
Etam, a leading French lingerie retailer, is seeking to improve its decision-making around merchandise by bringing in the voix of the customer. The brand is partnering with First Insight, which provides Voice of Customer (VOC) data by gathering real-time consumer data and applying predictive analytic models. "First Insight should help…
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