Today on Total Retail
June 14, 2021 at 6:40 pm
E-commerce grocery shopping platform Boxed and Seven Oaks Acquisition Corp., a special-purpose acquisition company, or SPAC, announced they would go public in a deal that would value the combined company at $900 million. Boxed would use the money to serve more households and businesses that started ordering groceries online during the pandemic. The combined company will be called…
June 14, 2021 at 6:50 pm
In episode 302 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Gary Lenett, co-founder and CEO of DUER, a Canadian apparel brand combining everyday wear and performance wear for men and women. Listen in as Lenett discusses DUER's business and products, his professional background in fashion, and the inspiration behind launching the brand. He details…
June 14, 2021 at 5:27 pm
The Internet of Things (IoT) is continuing to proliferate in industry sectors. From a concept that began on smartphones, tablets and laptops, IoT is now making headway in almost every object that surrounds us, such as streetlights, cars and lifts. By 2050, it’s predicted that there will be 24 billion interconnected devices on a global…
June 14, 2021 at 4:48 pm
Retail marketers will all agree: facing less competition while engaging more shoppers is an ideal scenario. That was the incredibly unique situation many retail marketers faced at the start of the pandemic in 2020, according to cost-per-click (CPC) trends my company, Sidecar, culled from Google Ads, Facebook, Instagram, and Amazon.com. After the pandemic hit, demand…
June 14, 2021 at 2:50 pm
As the saying goes, “necessity is the mother of invention.” Well, a whole lot of our necessities were compromised over the past year. And though the world is finally, mercifully, beginning to see light at the end of a long, dark tunnel, there's no demise in sight for the ingenuity and inventiveness that exploded in…
June 10, 2021 at 6:20 pm
Alex and Ani, the jewelry company that grew into a billion-dollar business, filed for Chapter 11 bankruptcy protection in Delaware on Wednesday. The company, founded by Carolyn Rafaelian, listed between $100 million and $500 million each in assets and liabilities, according to the filing. Its largest unsecured debts are with property management companies. It also owes the…
June 10, 2021 at 5:06 pm
The use of automation technology to facilitate the seamless flow of information between product suppliers and retailers is critical to meeting consumers’ omnichannel fulfillment demands. Automation is necessary for retailers to not only satisfy their customers’ lofty expectations for buy online, pick up in-store (BOPIS) and curbside pickup, but also to keep pace with their…
June 10, 2021 at 6:49 pm
It’s crunch time for retailers. A recent UBS report predicts that 80,000 retail stores will close over the next five years as the huge upswing in online shopping due to the pandemic becomes a more permanent consumer buying pattern. UBS also expects the e-commerce share of total retail sales to grow from 18 percent in…
June 10, 2021 at 6:43 pm
With data collection and privacy becoming central issues on a global scale, retailers and advertisers have come under increased scrutiny from other businesses, customers, and regulators alike. Apple's decision to weaken the unique identifier among its devices as well as landmark privacy laws such as GDPR and CCPA is a harbinger of things to come.…
June 10, 2021 at 6:27 pm
In this episode of Retail Right Now, Joe Keenan and Kristina Stidham discuss Amazon.com's upcoming 2021 Prime Day event, happening on June 21 and 22. This worldwide e-commerce event impacts every retailer and brand as it draws shoppers to splurge with sales and special promotions. As e-commerce has seen an incredible rise during the COVID-19…
