Today on Total Retail

Hanesbrands to Sell Champion to Authentic Brands in $1.2B Deal
June 5, 2024 at 10:31 am

Hanesbrands, the apparel company with several brands within its portfolio, announced Wednesday it had agreed to sell its sportswear brand Champion to another retailer, Authentic Brands, for $1.2 billion. Authentic Brands also owns apparel brands such as Aeropostale, Billabong, Brooks Brothers, Forever 21, Juicy Couture, Lucky Brand, Nine West, Sperry, and Volcom. The sale wasโ€ฆ

Optimize E-Commerce Sales by Understanding the 6 Buyer Personas
June 5, 2024 at 1:09 pm

Why is there such an emphasis on buyer personas today? Because buyer-driven websites are two to five times more effective and easier to use by their targeted audience. Studying and understanding buyer personas โ€” research-based profiles depicting a target customer โ€” helped 82 percent of companies connect with their customers and create an improved valueโ€ฆ

How to Get the Benefits of GenAI Without Losing Target Consumers
June 5, 2024 at 9:44 am

In 2023, 57 percent of B2C martech leaders said they planned to deploy generative artificial intelligence within the next 24 months, according to a Gartner survey. Marketers are under pressure to get GenAI working on behalf of their organizationโ€™s bottom line as quickly as possible. However, many consumers remain wary of AI and the companiesโ€ฆ

3 Customer Experience Problems That AI Can Fix
June 4, 2024 at 7:55 pm

Weโ€™ve all experienced awkward, bad or just plain cringe-worthy customer experience situations โ€” both with human and automated interactions. Maybe itโ€™s the interactive voice response (IVR) system that makes you listen to an endless array of options. It could be the chatbot that just doesnโ€™t understand your question and offers completely irrelevant answers. It mightโ€ฆ

Outdoor Voices Sold to Consortium Brand Partners
June 4, 2024 at 8:58 pm

Investment firm Consortium Brand Partners announced on Monday that it acquired athleisure brand Outdoor Voices on May 15 for an undisclosed sum. The acquisition comes three months after Sourcing Journal reported that the 10-year-old activewear startup was planning to file for bankruptcy. Once a hit among millennials for its colorful athleisure in its signature geometric patterns,โ€ฆ

What to Expect in the Aftermath of Ticketmasterโ€™s Data Breach
June 5, 2024 at 12:12 pm

If the ShinyHunterโ€™s breach is confirmed and Ticketmasterโ€™s data is ultimately distributed, online fraud attacks will almost certainly increase. For consumers, the feeling you experience when learning your personal data was stolen during a data breach is often just the start. Data breaches more often than not lead to additional fraud. Depending on the typeโ€ฆ

The Art of Balancing Trends and Timelessness in Retail Inventory Strategy
June 4, 2024 at 8:21 pm

Every year, designers push creative horizons, unveiling innovative styles that push the boundaries of traditional design and showcasing new and unique items that align with current trends. Some of these new pieces quickly capture retailersโ€™ attention and become best-sellers, while others fade into obscurity. Retailers are also dealing with past trends making a comeback whileโ€ฆ

Gen Z Might Be the E-Commerce Trendsetters, But Retailers Must Cater for All Customers
June 4, 2024 at 6:49 pm

The phenomenon of social commerce is rapidly transforming how people buy products online. Whether through serendipitous discovery or a deliberate search, social media is now very much part of the commercial experience for consumers. And the second youngest generation, Gen Z, are the trendsetters. A massive 88 percent of Gen Z consumers use social mediaโ€ฆ

How AR and 3D Modeling Are Reshaping Supply Chain Dynamics
June 4, 2024 at 6:25 pm

In an age when technology is continuously redefining the landscape of commerce, augmented reality (AR) and 3D modeling have emerged as pivotal tools, transforming not only the customer experience but also the intricate workings of supply chains. These technologies, once confined to the realm of sci-fi movies, are now actively streamlining supply chains and significantlyโ€ฆ