The Retail and Product Daily

Retail Assembly Inc.
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Your daily resource for the retail, fashion and product business news and information. We keep it short and insightful. Not every piece of news makes it in - only what's notable. ◇ 🎙️The podcast is a pulled together and hosted by the team of industry veterans at Retail Assembly. We work with blue-chip brands, retailers, and fashion organizations around the globe, advise at accelerators and incubators, and are plugged into higher ed institutions. We hope you enjoy our news edit. ◇ Happy commuting. ◇ Instagram: @retailagency Linkedin: https://www.linkedin.com/showcase/career-development-fashion-and-retail/

  1. 11/28/2019

    Your avatar for online shopping got an upgrade

    In today's episode: 1. When you visit an online site, data about your behaviour is abundant. Powerfront's avatar makes it visually accessible to customer service reps. The platform creates profiles of shoppers' moods, which they identify as "sentiments". 2. Have you seen the "sleepy" pop-up at The Benjamin hotel in New York? Or the Well Travelled Trunk tree at the Sofitel? Hotel lobbies are another touchpoint for retailers to reach their consumers as foot traffic at malls continues to decline. 3. Trampery, the London fashion incubator, has officially graduated its first cohort from the Sustainable Fashion Accelerator program. One designer, Steven Tai, said that the program gave him a more holistic vision for his business, as he re-examined their manufacturing process. ◇ 🎙️ Three stories, five minutes, five days a week ◇ Instagram: https://www.instagram.com/retaildailypodcast/ Website: https://retail-assembly.org/the-retail-and-product-daily

    6 min

  2. 11/27/2019

    Digital-first brands seems to be the winners of 2019

    In this episode: 1. Digital-first brands seems to be the winners of 2019, but they still face headwinds like a noisy online environment and building connections. We have a couple of ideas of how to overcome them. 2. Vacant Fifth Avenue spaces still get holiday windows as traffic increases by Rockefeller Centre. 3. CPG brands like Unilever and P&G are taking small steps to lower their plastic usage. And Loop refills for you. But it's not enough. ◇ 🎙️ Three stories, five minutes, five days a week ◇ Instagram: https://www.instagram.com/retaildailypodcast/ Website: https://retail-assembly.org/the-retail-and-product-daily

    7 min

  3. 11/27/2019

    What does the future of the mall look like?

    In today's episode: 1. The future of the model is urban, greener, and has a smaller department store footprint. MAPIC has ended and we've got five takeaways we're sharing with you. 2. There is now a 100 per cent carbon-neutral national shipping carrier in the United States: Sendle. Developed and tested in Australia, we're happy they are stateside. 3. Tiffany brings 5 things to LVMH: American heritage, branding, and a sustainable source for diamonds are among them. Are they worth $16.2 billion? ◇ 🎙️ Three stories, five minutes, five days a week ◇ Instagram: https://www.instagram.com/retaildailypodcast/ Website: https://retail-assembly.org/the-retail-and-product-daily ◇ 🎙️ sponsored by The Retail Training Agency Instagram: https://www.instagram.com/retailagency/ Linkedin: career-development-fashion-and-retail Website: https://retail-assembly.org

    8 min

  4. 11/25/2019

    Gucci delivers double digit increases by immersing employees in the Gucci world

    In today's episode: 1. Gucci has consistently been delivering double digit increases, in part by giving employees a similar experience to that of their customers. Acutely focused on the customer's changing needs; Bizzarri is committed to supporting his employees to ensure strong execution. 2. Amazon admits to culling sellers data on its site, but no wrongdoing in responses sent to a Congressional antitrust panel in the United States. They also said their algorithm ranks products based on a product’s availability, price and how frequently it was purchased, not whether it has a competing private label brand, if a competing third-party seller has purchased ads, or if the seller is enrolled in Amazon’s logistics program. 3. The first products in the Prada and adidas collaboration hit stores December 4. The product merges classic materials from each brand in iconic products. Globally, 19 Prada stores will carry the styles in cities ranging from Milan, Moscow, Zurich, Paris, London, Munich and Dubai to Tokyo, Seoul, Macau, Hong Kong, Beijing, Singapore and Taipei. In the U.S., the products will be available at Prada’s New York Broadway store, in Los Angeles, and Miami. They will also retail online through adidas.com and prada.com. ◇ Three stories, five minutes, five days a week ◇ Instagram: https://www.instagram.com/retaildailypodcast/ Website: https://retail-assembly.org/the-retail-and-product-daily ◇ sponsored by The Retail Training Agency Instagram: https://www.instagram.com/retailagency/ Linkedin: career-development-fashion-and-retail Website: https://retail-assembly.org

    6 min

  5. 11/22/2019

    Is there a way we can reduce our inventory at the end of the season?

    In this episode: 1. Kindred, an influencer based app, takes flash selling into the socially conscious realm by requiring brands to donate a percent of sales to a charity. 2. Vasquiat is introducing a new way to think about demand planning. The e-commerce site is trying to minimize markdowns at the end of the season while still feeding into the current consumer demand for a discount. They offer shoppers the opportunity to shop their edit pre-season at 40 percent off - before product will even hit stores. 3. Target sees double digit growth...in apparel. Introducing new brands like Levi's, launching a dozen private labels, and creating inspiration online led to longer dwell times, and a rise in average basket size, both instore and online. ◇ Three stories, five minutes, five days a week ◇ Instagram: https://www.instagram.com/retaildailypodcast/ Website: https://retail-assembly.org/the-retail-and-product-daily ◇ sponsored by The Retail Training Agency Instagram: https://www.instagram.com/retailagency/ Linkedin: career-development-fashion-and-retail Website: https://retail-assembly.org

    6 min

  6. 11/21/2019

    CFDA emerging designers have a pop-up home in Los Angeles with Forum.

    In this episode: 1. CFDA emerging designers have a pop-up home in Los Angeles with Forum. And data and insights to go along with it. Nicholas K. is the first label to be featured and will be situated there until 2020. 2. PayPal acquires Honey, giving it access to consumers earlier in the online purchase journey. John Kunze at PayPal said of the deal, quote, "When Honey says they're putting money in the pockets of their customers — that's perfectly in line with what we want to do." 3. Target and Walmart have a fulfillment advantage over Amazon. And both retailers are reporting strong growth as a result. Same day services (either delivery or in-store pickup) contributed to eighty per cent of Target's growth for the quarter. ◇ Three stories, five minutes, five days a week ◇ Instagram: https://www.instagram.com/retaildailypodcast/ Website: https://retail-assembly.org/the-retail-and-product-daily ◇ sponsored by The Retail Training Agency Instagram: https://www.instagram.com/retailagency/ Linkedin: career-development-fashion-and-retail Website: https://retail-assembly.org

    5 min

  7. 11/20/2019

    "Ok Boomer" has stiff competition at the patent office in the US

    In today's episode: 1. "Ok Boomer" has stiff competition at the patent office in the US, but can you even trademark it? 2. Plast, Dell, HP and Trek Bicycles are all using ocean-bound plastic in their products. As designers, architects and consumer packaged good companies take responsibility, can the supply chain keep up? 3. "One of the interesting things about the art world, of course, is that an object is worth precisely what anyone will pay for it at any given time." Christie's is putting up 230 Supreme skateboards for auction. ◇ Three stories, five minutes, five days a week ◇ Instagram: https://www.instagram.com/retaildailypodcast/ Website: https://retail-assembly.org/the-retail-and-product-daily ◇ sponsored by The Retail Training Agency Instagram: https://www.instagram.com/retailagency/ Linkedin: career-development-fashion-and-retail Website: https://retail-assembly.org

    5 min

  8. 11/19/2019

    Solidarity sourcing, or inclusion sourcing is a win with Ikea in Thailand

    1. Walmart might be winning the grocery delivery game with it's integration of physical and digital stores, Delivery Unlimited program, and focus on freshness.Walmart grew it's e-commerce business by 41 percent, driven by strength in grocery. 2. The divide between major luxury powerhouses like LVMH and Kering, and independent brands like Burberry is growing. Is digital responsible? Luxury brands typically reinvest about 6% of revenue into marketing. Using that assumption, Gucci had 500 million euros to spend in 2018, half of which would go to social. 3. Ikea's partnership with Doi Tung shows how a diversified supply chain can be good business, and good for local economies - sustainably. Ikea's approach, providing training and quality control guidance, helps ensure that the project is sustainable and operational, even without the feel-good marketing story attached. ◇ Three stories, five minutes, five days a week ◇ Instagram: https://www.instagram.com/retaildailypodcast/ Website: https://retail-assembly.org/the-retail-and-product-daily ◇ sponsored by The Retail Training Agency Instagram: https://www.instagram.com/retailagency/ Linkedin: career-development-fashion-and-retail Website: https://retail-assembly.org

    6 min
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About

Your daily resource for the retail, fashion and product business news and information. We keep it short and insightful. Not every piece of news makes it in - only what's notable. ◇ 🎙️The podcast is a pulled together and hosted by the team of industry veterans at Retail Assembly. We work with blue-chip brands, retailers, and fashion organizations around the globe, advise at accelerators and incubators, and are plugged into higher ed institutions. We hope you enjoy our news edit. ◇ Happy commuting. ◇ Instagram: @retailagency Linkedin: https://www.linkedin.com/showcase/career-development-fashion-and-retail/

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