Retail – Karolingische Klosterstadt http://karolingischeklosterstadt.com/ Mon, 21 Nov 2022 15:22:24 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://karolingischeklosterstadt.com/wp-content/uploads/2021/05/karolingische-klosterstadt-icon-150x150.png Retail – Karolingische Klosterstadt http://karolingischeklosterstadt.com/ 32 32 Will cracking down on serial returns solve the retailer return problem? http://karolingischeklosterstadt.com/will-cracking-down-on-serial-returns-solve-the-retailer-return-problem/ Mon, 21 Nov 2022 15:11:15 +0000 http://karolingischeklosterstadt.com/will-cracking-down-on-serial-returns-solve-the-retailer-return-problem/

November 21, 2022

An academic study concludes that targeting serial returns is the smartest route to reducing return costs, because targeting repeat buyers with stricter return policies will likely backfire.

In one experiment, researchers led by Iowa State University asked more than 460 participants to imagine that they were loyal customers of a retailer and planned to return a recent online purchase. Half were told the retailer was reducing its return window for all customers (widespread policy) while the others were told the change would only affect serial returns (targeted policy).

Participants were found to be significantly more likely to speak negatively of the retailer when the policy change was widespread. Additionally, negative word of mouth was significantly related to intentions to change retailers.

In another survey, 100 participants were asked to give their opinion on widespread policy changes versus targeted changes. When the return policy change was targeted (aimed at serial returns), 44% expressed positive emotions, 13% negative emotions, and 43% neutral. Positive respondents often referred to the fairness of the updated policy.

Robert Overstreet, professor of supply chain management at Iowa State, said in a Press release“Respondents largely understood that cheaters increased the price paid by everyone.”

When the change in return policy was generalized, 64% of participants expressed negative emotions, only 2% were positive and 34% neutral. Almost half of participants said they would speak negatively about the change to family and friends (45%) and shop at a different store (42%).

Despite some positive word-of-mouth following the implementation of a serial returns policy, both surveys showed that low-intensity communication for targeted policy change (website update or store signage rather than PR/social media push) led to the best result.

Retailers are tightening their return policies (e.g., shorten return windows, charge return shipping costs) in the context of higher labor, shipping, and storage expenses. According to Pitney Bowes’ BOXpoll survey from earlier this year, online returns cost retailers an average of 21% of order value.

from Narvar The “2022 Returns Benchmark Report” found that 63% of shoppers surveyed admitted to bracketing (buying multiple variations of an item), up from 55% in 2019. A growing number of shoppers (15%) say bracketing is “just the way they buy now. ”

Targeting serial returns to stem a growing problem for retailers – Iowa State University

Narvar Research reveals nearly 25% of consumers will pay for product returns in exchange for convenience – Narvar Search

Is it time to stop the free returns party? – RetailWire

DISCUSSION QUESTIONS: Does cracking down on serial returns make more sense than tightening restrictions on consumers in general? Will better monitoring of serial returns do enough to reduce the cost of returns?

Braintrust

“It’s inevitable that shoppers who relied on liberal return policies will hold a grudge, but a little love is needed to maintain a sustainable e-commerce service.”

wpDiscuz

]]>
Retail sales still below pre-Covid levels as UK faces bleak outlook after fall statement – ​​business live | Company http://karolingischeklosterstadt.com/retail-sales-still-below-pre-covid-levels-as-uk-faces-bleak-outlook-after-fall-statement-business-live-company/ Fri, 18 Nov 2022 07:27:00 +0000 http://karolingischeklosterstadt.com/retail-sales-still-below-pre-covid-levels-as-uk-faces-bleak-outlook-after-fall-statement-business-live-company/

Key events

Johnson of IFS: Everything seems a little dark

“It all sounds a bit gloomy, doesn’t it.”

That’s the verdict of Paul Johnson, director of the Institute of Fiscal Studies, following yesterday’s autumn statement.

Talk to Radio 4 today program, Johnson explains that while Hunt appears to be reverting to fiscal orthodoxy (with tax hikes and spending cuts), he is actually quite loose on the fiscal front.

He screwed up the budget rules, he got rid of the idea that we have to balance the current budget – in other words, only borrow to invest – he accepted most of the additional borrowing that the OBR has said the poor economic performance was going to give us .

And yet, we are still going to have a big tax increase.

If you put those two together — a lot of borrowing and a lot of taxes, you’d think there must be a lot of spending, Johnson adds.

Well, there’s a lot more spending, actually, over the next two years. But pending the next election, he has big spending cuts in there.

So how does this add up? Well, all the borrowing the UK has accumulated in recent years is “going home to roost”, says Johnson.

We are going to be stuck at £100bn a year spent on interest on medium-term debt.

And of course, when the economy is growing so terribly badly, there’s just a lot less money.

UK consumer confidence close to historic low

In another blow, UK consumer confidence remains near record highs, despite rising slightly this month after the financial market turmoil triggered by September’s mini-budget subsided.

And soaring inflation and the specter of recession make lasting improvement unlikely, says market research firm GfK reported.

GfK’s monthly consumer confidence index, which dates back to 1974, rose to -44 in November from -47 in October, after hitting an all-time low of -49 in September.

GfK said the improvement likely reflected the UK public’s relief that the country’s financial outlook had stabilized after the departure of Prime Minister Liz Truss, whose fiscal plans triggered the collapse in UK markets.

Introduction: Retail sales still weaker than before the pandemic

Hello and welcome to our ongoing coverage of business, financial markets and the economy.

UK retail sales remain below pre-pandemic levels as the UK heads into a painful recession and inflation takes a big chunk of revenue.

Sales volumes in stores across Britain have fallen 2.4% in the past three months, according to new data from the Office of National Statistics show, despite a small revival in October after the September exchanges were disrupted by Queen Elizabeth’s state funeral.

This continues the downward trend seen since the summer of 2021, as the squeeze on the cost of living took hold of households.

Grocery store sales volumes fell 1.0% in October 2022 and were 4.1% below their pre-coronavirus levels of February 2020 – as some people could not afford to eat as much.

ONS says:

Food sales volumes have been on a downward trend since the summer of 2021 following the lifting of hospitality restrictions.

In recent months, supermarkets have pointed out that they are seeing a drop in sales volumes due to rising costs of living and food prices.

But second-hand stores (notably auction houses) have developed strongly.

Slowing retail sales have already forced some retailers to the wall, with Made.com and Joules both filing for administration this month.

In October alone, sales rose 0.6% after a 1.5% plunge in September, when many stores closed out of respect.

But compared to October 2021, people actually bought 6.1% less stuff – but had to spend 4.8% more to get it, due to inflation.

And compared to before the pandemic, retail sales are still down 0.6%.

Commenting on today’s retail sales figures for October, ONS Director of Economic Statistics Darren Morgan said: (1/2)

⬇ pic.twitter.com/K9SIDpY4HP

— Office for National Statistics (ONS) (@ONS) November 18, 2022

Lynda Petherickretail manager at Accenture in the UK and Ireland, says retailers are facing a tough Christmas.

“Despite Black Friday arriving next week, retailers are unlikely to be in celebration mode as we head into the holiday season this year.

Rising inflation and falling real wages will only add to the sense of unease about whether this will be a “golden quarter” after all.

Retailers and shoppers will face more difficulties in the coming years as households face the biggest drop in living standards on record and the highest tax burden since World War II.

The £30billion in spending cuts and £25billion in tax hikes announced by Chancellor Jeremy Hunt yesterday will chill the economy, with record falls in living standards over the next two years wiping out eight years of growth.

And we’re in a recession, according to the Office for Budget Responsibility, which projects that GDP will actually shrink 1.4% in 2023 and not return to pre-pandemic levels until late 2024.

In a sobering quasi-budget, Hunt slashed budgets for Whitehall departments, widened the scope of the windfall energy company tax, extended the freeze on tax allowances, reduced the threshold for paying the 45% income tax to £125,100, gave local authorities the go-ahead to raise council tax, and lifted more capital gains and inheritance tax as part a plan to convince the financial markets of the government’s intention to reduce its budget deficit.

But Hunt has increased spending on the NHS and schools and postponed most of his tough measures until 2024-25 and beyond as he stressed the need to avoid a ‘catastrophic loop’ of tax hikes and slowing growth.

Agenda

  • 7am GMT: UK retail sales for October

  • 08:30 GMT: ECB President Christine Lagarde delivers a keynote speech at the European Banking Congress in Frankfurt

  • 10.30 GMT: The Institute for Tax Studies is holding an analysis event for the fall return after

  • 3:00 p.m. GMT: US existing home sales for October

]]>
Maps are king as Middle Eastern retail grows http://karolingischeklosterstadt.com/maps-are-king-as-middle-eastern-retail-grows/ Sun, 13 Nov 2022 06:46:32 +0000 http://karolingischeklosterstadt.com/maps-are-king-as-middle-eastern-retail-grows/

A clear indication of how quickly the Middle East is embracing plastic money, the region’s retail sector saw cash payments drop to 20% last year from 70% in 2017, according to a recent report from Statista.com.

On the other hand, credit card payments increased from 16% in 2017 to 38% in 2021, showing the emerging new trend in the retail landscape – Buy Now, Pay Later (BNPL) – a new power of purchase.

“The global retail environment is changing. On the contrary, technology-driven innovation is catalyzing massive growth and many firsts – the first phygital store in the region, the launch of the first ‘metaverse as a service’ business and much more,” said Justina Eitzinger, COO of Images Group Middle East.

The size of the GCC retail sector is expected to reach $308 billion in 2023 at a compound annual growth rate (CAGR) of 4%, from $253.2 billion in 2018. Retail sales are expected to rebound and grow by 2023, driven by population increases and international tourist arrivals.

The online retail industry in the region has already grown rapidly over the past couple of years. The value of e-commerce transactions is expected to reach approximately $27 billion by 2022 in the United Arab Emirates. The country ranks first in the Middle East and North Africa (MENA) region in UNCTAD’s e-commerce index, followed by Saudi Arabia.

According to CNNB Solutions, Mena e-commerce sales will reach $50 billion in 2022. Ninety-one percent of Mena customers have become digital converts and will continue to shop online, with 73% more purchases in online since the pandemic. Mena shoppers are looking for safe and secure online payments – over 60% of people believe secure payment is fundamental to a good online shopping experience.

At the same time, people and goals are prime focus areas for businesses, Eitzinger said. “As new jobs are created and some roles become redundant, retailers are investing in their people and purpose. Sustainability and DEI (diversity, equity, inclusion) are key areas and have become more important than ever. brands are on a new growth trajectory and it will be amazing to see those stories unfold at MRF this year,” she said.

According to Euromonitor International’s Voice of the Consumer: Lifestyle Survey, 2021, more than 50% of consumers in the Middle East prefer to spend money on experiences rather than things, compared to 44% globally. Additionally, 65% of consumers are looking for curated experiences, far more than 58% of consumers globally.

The survey also revealed that people prefer to engage more on a personal level, whether through social media or speaking directly with customer service assistants. For example, 65% of people in the Middle East would rather talk to a human than a chat bot, compared to 58% globally. Therefore, as retailers in the region strategize, digital technology must combine with customer engagement, an engagement that still believes in a “real” and “human” experience, experts say.

In the Middle East, physical retail remains stronger than in other regions, although e-commerce is growing, according to a report from Euromonitor. In 2020, the region’s e-commerce penetration rate increased to 8% from 4% in the pre-pandemic period. Thus, while e-commerce has experienced strong growth, physical in-store sales dominate the commercial landscape of the region. Local consumers are expected to spend an average of over $2,400 in physical stores in 2025, up from nearly $2,000 in 2020, compared to just $295 online the same year.

Over 300 retail industry experts from 120 participating companies, including 80 keynote speakers, will discuss these challenges and opportunities highlighted by the new retail revolution driven by digitalization across the industry during the Middle East Retail Forum (MRF), to be held in Dubai on November 15. The MRF conference concludes with the annual Images RetailME Awards which recognize the top performing retailers in different categories.

“MRF and the RetailME Awards have become the industry’s premier convention and annual awards that everyone in the retail industry relates to and is proud to attend. It has become a matter of pride not only for retailers, but has firmly repositioned the region on the global retail map,” Eitzinger said.

Middle East Retail Forum is supported by Mastercard, Zebra Technologies, Adyen, Altavant, Kalandoor, Line Investments, Al Bayader, BinDawood Group, Rasasi, ENOC, XENO, Red Sea Mall, Board International, EZ Dubai, Tap and Jiffy, among others.

Copyright © 2022 Khaleej Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

]]>
Amazon Appario Retail: Amazon Appario Retail seller revenue rises 9% to Rs 15,000 crore, profit rises 53% http://karolingischeklosterstadt.com/amazon-appario-retail-amazon-appario-retail-seller-revenue-rises-9-to-rs-15000-crore-profit-rises-53/ Thu, 10 Nov 2022 06:29:00 +0000 http://karolingischeklosterstadt.com/amazon-appario-retail-amazon-appario-retail-seller-revenue-rises-9-to-rs-15000-crore-profit-rises-53/ Appario Retail, the biggest seller on Amazon India, which the retailer said it would close in a year, saw a 9% increase in operating revenue in FY22 to Rs 15,915.6 , or nearly $2 billion, according to regulatory filings from the Tofler business intelligence platform.

Appario Retail, which is hosted by Frontizo Business, a joint venture between Amazon and Patni Group, also reported that profits increased by 53% to more than Rs 82 crore in the 2022 financial year.

The figures, drawn from the bulk of the order volumes it enjoys on Amazon India, reveal the scale of Appario Retail in the market. The main source of income for the affiliate is the sale of goods on the market. Appario’s parent company, Frontizo Business, which provides customer support services to Amazon India, earned self-contained operating income of almost Rs 55 crore in FY22 along with a first profit of Rs 5.6 crore, according to regulatory documents.

On October 31, in a joint statement, Amazon and Patni Group said that the joint venture had been renewed, but Appario would cease to be a seller on Amazon India and Amazon India Business – the wholesale platform – from a year here. ET had reported that the Amazon-Patni joint venture for Frontizo had been renewed for three years.

Existing standards do not allow an entity operating an online marketplace and its group companies to hold shares in any of the platform’s sellers or have control over their inventory.

This is the second time that Amazon has shut down one of the biggest sellers in the Indian market in which it had a stake. Following the tightening of rules on FDI in e-commerce, Amazon was forced to reduce its stake in the parent entities of Cloudtail and Appario Retail from 49% to 24%.

Discover the stories that interest you



Amazon acquired 100% of Prione, Cloudtail’s parent company, earlier this year, after which it shut down Cloudtail.

Appario Retail’s largest expense was the purchase of inventory, spending Rs 14,470.90 crore during the reporting period compared to Rs 13,670.60 crore a year ago. Employee spending fell by around 30% to nearly Rs 41 crore in FY22.

Amazon established the Frontizo joint venture with Patni Group in 2017. Appario Retail has grown as a seller in the Amazon India marketplace since then and has become one of the biggest sellers, dealing in categories ranging from electronics to accessories and working with brands such as Xiaomi, Pop and Fire-Boltt.

While Frontizo will continue its services, Appario Retail may offer seller onboarding services on Amazon India, ET had reported. This is similar to Prione’s core business.

Before closing its activities as a seller, Appario Retail is likely to transfer its key activities to other seller companies on Amazon India. ET reported in August that several new retail companies have taken over Cloudtail’s business on Amazon, and they have one common thread: They’re all led by former Cloudtail and Appario Retail executives.

ET reported in September that Cloudtail recorded a 15% increase in revenue to Rs 19,076 crore, while its losses increased 2.8 times to Rs 522 crore in FY22.

Stay on top of tech news and startups that matter. Subscribe to our daily newsletter for the latest must-have tech news, delivered straight to your inbox.
]]>
Lower Mainland’s first ‘on-farm’ cannabis retail opens in village of Shxwhá:y near Chilliwack – Hope Standard http://karolingischeklosterstadt.com/lower-mainlands-first-on-farm-cannabis-retail-opens-in-village-of-shxwhay-near-chilliwack-hope-standard/ Wed, 02 Nov 2022 23:03:00 +0000 http://karolingischeklosterstadt.com/lower-mainlands-first-on-farm-cannabis-retail-opens-in-village-of-shxwhay-near-chilliwack-hope-standard/

All Nations Cannabis on Wednesday celebrated a soft opening in the village of Shxwhá:y as the first “farm-gate” cannabis retail store in the Lower Mainland.

It is unique as a cannabis retail store located on Indigenous land with a 30,000 square foot licensed production facility just down the road.

“It’s a huge achievement and a momentous day,” said All Nations CEO Darwin Douglas.

All Nations Cannabis can now legally distribute its cannabis products under All Nations Mestiyexw Holdings, a holding company, as a partner of Shxwhá:y Village (Skway First Nation), resulting from a provincial licensing agreement entered into directly with the First Nation on a “government for government”.

“The work we’re doing here to create a business and an economic base,” said Douglas, residents of Shxwhá:y and other Indigenous communities, friends, staff and to those who have worked with them to get here.

“It really complements the business model we set out for ourselves.”

All Nations Cannabis, at 9433 Schweyey Road, had its license approved in July 2022 under Section 119 of the BC Cannabis Control and Licensing Act. It is one of six Aboriginal-led licenses in the province.

“There are a lot of people who made it happen. It took a lot of work for them,” said Shxwhá:y village councilor Michelle Roberts.

Patience was the key.

“Even though three years seems like a long time, what they’ve accomplished in those three years is incredible. We are here today to celebrate that. We are really proud of Shxwhá:y Village and All Nations for all their encouragement.

All Nations licensed production facility, FN Canna Cultivation and Production, is a sister company, located less than a minute away on Schwehey Road near Chilliwack, producing varieties such as ‘Peanut Butter Breath’ or ‘Modified Grapes as well as “Mac Daddy” and “Stólō Haze”.

Shxwhá:y leader Robert Gladstone said last summer that their Herculean effort to obtain a Section 119 license was all about participating in the cannabis economy and creating “hope” for his community. , future generations and others.

He called it “reconciliation in action”.

Shortly after cannabis was legalized, they tried to control their own destiny by finding a way to participate in the emerging economy “on a nation-to-nation basis,” Gladstone told The Progress in 2020. He doesn’t there were only four people working. in the Shxwha:y community back then, but now there are more than 20 between the establishment and the store.

Section 119 app Shxwha:y used the Williams Lake model, on the heels of cannabis retail stores opening on reservations under the nation’s laws to begin with , having enacted cannabis laws through land codes.

The province launched a farm-gate program in 2022 with the idea of ​​giving cannabis producers in British Columbia who have Health Canada authorization, such as Shxwha:y Village, the opportunity to sell their products from of “on-farm” stores located or near a production site, as well as direct delivery options for small producers.

“These programs support the government’s commitment to developing a robust, diverse and sustainable legal cannabis economy in British Columbia, inclusive of rural and Indigenous communities, while prioritizing health and safety,” said the provincial press release.

All Nations Cannabis officials say there are plans to open more stores in British Columbia and Canada.

Do you have something to add to this story, or a topical tip? E-mail:
jennifer.feinberg@theprogress.com


@CHWKjourno
Like us on Facebook and follow us on Twitter.

.

cannabisFirst NationsFirst Nations Cannabis

Darwin Douglas, CEO of All Nations Cannabis during the soft opening of the store, November 2, 2022. (Jennifer Feinberg/ Chilliwack Progress)

]]>
Hotpack expands retail operations in Oman http://karolingischeklosterstadt.com/hotpack-expands-retail-operations-in-oman/ Sun, 30 Oct 2022 08:15:30 +0000 http://karolingischeklosterstadt.com/hotpack-expands-retail-operations-in-oman/

Muscat – Hotpack Global, the world leader in disposable food packaging based in the United Arab Emirates, has unveiled its fourth sales center in Oman and its 47th in the Middle East. The new showroom reflects the company’s overall vision – to be recognized as the leading brand in the food packaging industry by 2030.

The sales center located in Barka, Muscat in Oman was inaugurated in a grand ceremony attended by Muntaser Bin Salam bin Saleh Al Harasi, Director of Consumer Protection Department in South Al Batinah, Barka.

Commenting on Hotpack’s expansion into Oman, Mr. Abdul Jebbar PB, said, “We are delighted to unveil our fourth sales center in Oman. With Oman’s current economic trajectory, consumer demand will continue to increase in the future. We make Hotpack products more accessible to consumers through our outlets in Oman. They will have more options for high quality food packaging products available in the market. This will support our omnichannel strategy in the region.

“We will continue our current path of expansion in the GCC region, as it is one of the fastest growing markets for food packaging products in the world. The industry is growing at 5-7%, which is above the global average of 3-5%. With these new sales centers, we will be able to optimize our operational costs, increase our volume capacity and streamline our supply chains, enabling faster order fulfillment for our customers in Oman,” said he added.

Elaborating further on Hotpack’s expansion strategy in the GCC region, Mr. Rethish V. Pillai, said, “We have an aggressive expansion plan ready for Oman and we will be launching more outlets in the region at the future. We also plan to launch new retail stores in Nizwa, Sur and Sohar soon. We want to strengthen our strategic position in Oman and establish Hotpack as the premium food packaging brand in the country and region. We are also in the process of completing the construction of the Sohar factory.

The ceremony was also attended by Mr. Mujeeb Muhammunni, Deputy General Manager, Hotpack, Mr. Rethish V. Pillai, Country Manager, Hotpack Oman, Mr. Mohamed Jasir, Hotpack Project Manager and Mr. Basheer Valiyakath, General Manager, Hotpack Bahrain.

In line with the company’s overall vision, Hotpack has also recently launched its online store in Oman to complement its sales centers. Additionally, the company had previously launched retail centers in Seeb Souq, Salalah and most recently in Ruwi, as well as a distribution center.

Hotpack Global is the largest manufacturer of packaging products in the Middle East. The company has direct operations in 14 countries with 3,300 employees and serves 25,000 local and international brands globally.

-Ends-

About Hotpack Global

Founded in 1995, Hotpack Global is a recognized leader in the manufacture and supply of food packaging products. Today, the company has a presence in 14 countries, including GCC countries, India, UK, USA, Morocco, Ivory Coast, Nigeria, Spain and India. Australia. In a short period of time, the company has grown to become one of the major players in the packaging industry due to its reputation for providing quality products, reasonable pricing structure and service. exceptional. Hotpack is considered a one stop shop that offers the full range of packaging products for the HORECA, retail and industrial packaging sectors. It represents other major manufacturing companies around the world and the products are hygienically packaged in modern and attractive designs and marketed under the brands ‘Hotpack’ (disposable range) and ‘Soft n Cool’ (tissue range).

As a food packaging company, Hotpack has been BRCGS, FDA, SEDEX, ESMA, PEFC, FSC, ISO 9001:2015, ISO 22000:2018, ISO 14001:2015, ISO 45001:2018 certified, which guarantees the superior quality of its products. Hotpack has been voted winner of the coveted Dubai Quality Award in the Dubai Smart Industry Award 2020 category for the manufacturing sector. Hotpack now has 47 stand-alone retail centers across the MENA region offering over 600 specialty line products that are not available in supermarkets. www.hotpackwebstore.com is also the region’s largest online store for food packaging products. Over the years, Hotpack has become a trusted brand with its excellent products, service and ongoing brand communication.

]]> Lawmaker Highlights Rising Retail Crime in Washington as a Concern, Asks Legislature to Address Issue http://karolingischeklosterstadt.com/lawmaker-highlights-rising-retail-crime-in-washington-as-a-concern-asks-legislature-to-address-issue/ Wed, 26 Oct 2022 23:10:17 +0000 http://karolingischeklosterstadt.com/lawmaker-highlights-rising-retail-crime-in-washington-as-a-concern-asks-legislature-to-address-issue/

By The Staff of The Chronicle

The state government must take action on retail crime, State Sen. Mark Schoesler, R-Ritzville, said in a news release this week.

“While we’ve seen a spike in many areas of crime, retail theft and other retail crime is particularly a problem,” Schoesler said. “Retail crimes not only harm shops and stores, but also consumers, as these crimes force retailers to raise prices. The Legislature, Governor, and Attorney General must take action to dramatically reduce retail crime in Washington. »

The value of items stolen from stores more than doubled in Washington State from 2019 to 2020, and the Washington Retail Association estimates that organized crime groups stole $2.7 billion from retailers in 2021.

Washington also has the second highest retail theft rate per capita of any state in the country after Pennsylvania. Last year, 23,323 cases of shoplifting were reported in Washington state in 2021. Seattle also ranked eighth among major cities for retail crime in 2021.

Schoesler says retailers have seen an increase in thefts and fraud on their property as organized thieving rings have become more “brazen, violent and sophisticated in targeting stores.” He believes these organized crime groups endanger customers and store employees and are involved in other crimes such as human trafficking, money laundering and narcotics.

“Retail crime, particularly theft, has gotten so bad in recent years that the Washington Retail Association just released a retail crime resource guide for its members,” Schoesler said. “To me, that means the state isn’t providing enough help to retailers, and local and state law enforcement doesn’t have enough officers to effectively deal with retail theft.”

Schoesler sits on the Senate Labor, Commerce and Tribal Affairs Committee, which held a working session on retail crime last week. Schoesler said the business session is a sign that retail organized crime has come on the legislature’s radar, but added that the issue should still be considered a high priority for the start of the legislative session in January. .

]]>
Cannabis retail proposal rejected at Old Saybrook http://karolingischeklosterstadt.com/cannabis-retail-proposal-rejected-at-old-saybrook/ Sun, 23 Oct 2022 18:02:43 +0000 http://karolingischeklosterstadt.com/cannabis-retail-proposal-rejected-at-old-saybrook/

OLD SAYBROOK

After months of deliberations and public hearings, the Old Saybrook Zoning Commission (ZC) has voted to deny an application to open a retail marijuana store on Boston Post Road.

The 3-2 vote took place at the Commission meeting on October 17. Earlier this year, Fine Fettle Dispensary filed a special exception request to open a cannabis dispensary at 233 Boston Post Road. The application did not foresee any modifications to the exterior of the current building, while renovations would be required inside. ZC deliberated on the request for three months, inviting the public to weigh in at hearings in August, September and October. The public hearings ended on October 3, giving way to the decision on October 17.

In 2021, Connecticut lawmakers passed a bill legalizing recreational marijuana use by adults in the state. The bill left local municipalities to control its sale in each municipality. Earlier this year, the ZC passed new regulations that effectively banned retail marijuana stores everywhere except District B-4, and limited it to locations that had received city approval before. January 2022. Only two locations in Old Saybrook had received such approval, one being the location at 233 Boston Post Road.

At its meeting on October 17, the Commission deliberated quickly and a motion to approve the application – with several conditions related to the management of parking as well as the obligation for the company to operate only by appointment online – received two votes from Robert Friedman and Ann Marie Thorsen. However, three members, Marc Delmonico; Geraldine Lewis; and Mark Caldarella; voted against this motion, so it failed.

In denying the petition, the Board cited reasons including inadequate parking for employees and a potential high number of visitors that the Board said would be too much for the driveway and local roads to handle. The Commission also cited an increase in the space that the plaintiffs were proposing. Fine Fettle’s request proposed using the entire building, while a 2018 approval for a medical marijuana dispensary on the site that never materialized only approved use of half the building. .

The public hearings on the request attracted several speakers and letter writers who were both for and against the request. The company’s location near the intersection of Boston Post Road and Springbrook Road was the concern most often cited by those opposing the request.

The location is close to I-95, and it’s been argued that additional cars coming onto the property would add more congestion to an area that speakers say is a source of many near-misses and injuries. accidents. Additionally, with a small parking lot for the company, it was argued that the lack of adequate parking would force more cars into and out of the parking lot and onto the road. Some speakers even said that if they weren’t opposed to a marijuana retail store, they were opposed to one at 233 Bost Post Road due to traffic.

Police Chief Michael Spera noted in a meeting that estimates of the number of customers coming into the business are said to be over 500 a day. Spera said he would always be opposed to opening a business with such an esteemed customer base there, even if it was unrelated to marijuana.

In addition to traffic issues, others opposed to the request have expressed concern that the store will incur additional police costs, contribute to a bad reputation for the city and send the wrong message to young people.

Proponents of the move had argued that there were economic benefits to allowing the sale, that the product was now legal and no more harmful than other substances that were already legal, and that concerns about safety were overblown.

Fine Fettle chief operating officer Ben Zachs did not respond to a request for comment.

]]>
Six Retail Technology Funding Cycles You Need to Know About – Retail Technology Innovation Hub http://karolingischeklosterstadt.com/six-retail-technology-funding-cycles-you-need-to-know-about-retail-technology-innovation-hub/ Thu, 20 Oct 2022 06:11:00 +0000 http://karolingischeklosterstadt.com/six-retail-technology-funding-cycles-you-need-to-know-about-retail-technology-innovation-hub/

4. Zid

Saudi Arabia-based e-commerce specialist Zid has raised $50m in a Series B funding round led by IMPACT46 with participation from new investors, the venture capital arm of Aramco (Waed Ventures ) and Endeavor Catalyst.

Previous backers Global Ventures, Elm Company, Arzan and MSA were also involved.

This is the third round of investment Zid has received since the company was founded in 2017, and follows a $7 million Series A round in March 2021 led by Global Ventures.

The product will be used to expand into new markets in Saudi Arabia and the region, enter new retail verticals, as well as digitize and automate more retail solutions.

5.Kenzz

Kenzz, an e-commerce startup focused on the Egyptian and MENA markets, completed a $3.5 million seed funding round involving Outliers Venture Capital, Foundation Ventures and Samurai Incubate.

The proceeds will be used to recruit new talent, develop product categories and assemble a wide variety of products to meet the preferences and tastes of different consumer segments.

The company also plans to invest in technology and launch its new app soon.

Ahmed Atef, CEO of Kenzz, says, “Now is the time to fully optimize e-commerce in Egypt and the MENA region. We’ve designed Kenzz to specifically appeal to people who aren’t yet convinced that e-commerce is a convenient and mainstream way to shop.

“We are revolutionizing the shopping experience to deliver relevance, convenience, trust and value, and look to the future with great confidence.”

Sarah AlSaleh, Partner at Outliers Venture Capital, comments, “Kenzz solves two key problems that today’s e-commerce incumbents aren’t addressing: affordable and reliable last-mile logistics and an uncompromising philosophy of customer trust.”

“The diversity and depth of Kenzz’s founding team strongly positions them to combine a wealth of experience and expertise in building a category-defining business and e-commerce champion for Egypt. .”

6.Max AB

Egyptian B2B e-commerce platform for food and groceries, MaxAB, has closed a $40 million pre-Series B funding round involving Silver Lake, British International Investment (BII) and DisruptAD, the spin-off venture capital fund from ADQ, with participation from existing investors, Beco Capital, 4DX Ventures, Flourish Ventures and Africa Platform Capital.

The new investment will bolster its geographic expansion plans, including full coverage of Morocco by the end of 2023 and entry into Saudi Arabia. It will also be used to develop its e-commerce arm and the FinTech part of its business.

Amer Al Ameri, Head of Venture Capital and Technology Investments at ADQ, said, “MaxAB develops technology-driven products and services that solve problems related to better integrated, efficient and secure grocery supply chains. reliable for the MENAP region.

“By digitizing the largely traditional, multi-layered and fragmented food and grocery sector supply chain, they have broken the mold and presented a domino effect of opportunities, one of which is the launch of the FinTech vertical. “

“We are excited to embark on this journey with MaxAB and look forward to providing strategic guidance for continued growth and impact.”

]]>
Chillhouse is hiring a Retail Account Coordinator in New York, NY http://karolingischeklosterstadt.com/chillhouse-is-hiring-a-retail-account-coordinator-in-new-york-ny/ Mon, 17 Oct 2022 19:12:27 +0000 http://karolingischeklosterstadt.com/chillhouse-is-hiring-a-retail-account-coordinator-in-new-york-ny/

Do you want to join the Chill team?

Chillhouse is looking to hire a passionate, career-focused Retail Account Coordinator to join our growing wholesale team.

We want to partner with someone who has a keen interest in learning behind the scenes of building a wholesale channel for long-term success. They must be keen to meet the day-to-day wholesale partnership needs with major retailers like Urban Outfitters, Revolve, ASOS, etc.

We immediately want to find the right New York-based candidate for this full-time, paid position with benefits. Hours are MF (10am-5pm EST) with hybrid work hours from the office (Tuesday, Wednesday, Thursday) and home (Monday, Friday).

About Chill House:
Based in New York’s Soho neighborhood, Chillhouse creates self-care treatments for a chiller through in-store experiences and services, as well as products. Chillhouse is committed to creating a cooler world by donating 1% of proceeds to support mental health advocacy and efforts.

Responsibilities and Duties (includes but not limited to):
● Owned and improved the shipping protocol to suppliers. This includes daily order fulfillment management for Chillhouse retailers such as Target, Urban Outfitters, Revolve, ASOS, Free People and many more.
● Compiled and updated data sets related to forecast demand planning and achievement of monthly sales targets.
● Assist the team in driving sales of all new launches through forecast management, purchase tracking and up-selling tactics.
● Assist in preparation for seasonal vendor market meetings and business review calls.
● Coordinated the entry of bulk orders, packing slips, invoices and sample shipments from suppliers.
● Partner with retailers and 3PL warehouse to help book and track orders for on-time delivery.
● Participated in daily supplier configuration requests related to new partnerships or new product launches with existing partners.
● Managed market pages and social communication sites for Bulletin, Girlboss and Supergreat.
● Troubleshoot EDI ordering solutions and help resolve shipping and delivery issues with the team.
● Help manage vendor assortment patterns, product returns and stock exchanges.
● Partner with other wholesale team members to drive and further grow the YoY business.

Qualifications:
● Passionate about the beauty and wellness industry.
● Available to work MF (10am-5pm EST). Reception hours from Monday to Friday. Office hours from Wednesday to Thursday.
● New York-based candidates with 1-2 years of beauty wholesale experience for national retailers such as Target, Sephora, Nordstrom, Urban Outfitters, Ulta, ASOS or Revolve.
● The ideal candidate has experience using platforms such as Tradestone Bamboo Rose, Cin7 or other similar OMS/EDI solutions such as Salesforce, Shopify, SPS Commerce, B2B Gateway, OpenText, etc.
● Comfortable with and/or willing to learn different systems used across multiple channels including Google Workspace, Canva, Cin7 (OMS/EDI) and other vendor portals/systems through building and running sales channels.
● Exceptional multi-tasker and able to see projects through from ideation to completion. Must be organized, thorough, resourceful and able to prioritize and juggle multiple projects at once to meet tight deadlines.
● Self-starter, empathetic and collaborative, skilled in communication and possessing strong interpersonal skills with the ability to develop relationships and communicate (written and oral) with all levels of management, cross-functional teams and suppliers
● Professional and positive demeanor.
● Good judgment, maintaining confidentiality of information.

Other fun perks:
We are a small and powerful startup. Get ready for a legit real-world experience, while joining us at special team-building rallies and events. Oh yes, pick up some of our amazing products and services to relax and enjoy a discount along the way.

For the application:
Please send your resume to jobs@chillhouse.com and include Fashionista – Retail Account Coordinator Opening in the subject line.

@chillhouse