Mattress Firm’s Post

There's a delicate balance between upgrading your tech stack to become more efficient, and overwhelming your employees. When people are used to doing tasks a certain way for a long period of time, it can be difficult to transition to doing them a new way. Check out the below article from Modern Retail to see how brands like Mattress Firm and Burton Snowboards are handling their implementations without overwhelming their employees or customers.

This weekend let’s unlock a world of possibilities for retailers and makers with Faire, where connections flourish and unique products find their spotlight. Faire's visionary founders, Marcelo Cortes and Max Rhodes, alumni of Stanford University, combine their expertise in engineering and product development. Collaborating with entrepreneur Daniele Perito and design-engineering expert Jeff Kolovson, together, their varied backgrounds blend perfectly to make Faire a creative force. These founders use their smarts to transform the wholesale world, helping small businesses everywhere. What does the company do? Faire is a transformative wholesale marketplace connecting independent retailers with a diverse array of unique products from makers and brands. Specializing in home goods, fashion, and beauty, Faire empowers local businesses by streamlining the wholesale ordering process and offering curated selections. The platform enhances product discovery for retailers, fostering a supportive ecosystem that champions small enterprises. Through data-driven insights, Faire enables retailers to make informed decisions, shaping a collaborative marketplace that redefines traditional distribution channels.  Faire continues to play a pivotal role in elevating independent retail experiences. Strategic moats: For Faire, its moats are like superpowers that make it stand out.These moats act like powerful shields, making it tough for others to compete. One such shield is the strong network Faire has built the more shops and creators join, the stronger and more appealing the castle becomes. Another shield is Faire's knack for selecting exceptional and unique products, creating a reputation that draws businesses in. Additionally, Faire's ability to analyze information smartly provides shops with valuable insights, akin to having a trustworthy guide. Challenges faced by them: Faire encounters challenges typical in its industry, including market competition, scalability intricacies, and potential disruptions in the supply chain. Successfully managing these complexities requires strategic foresight, technological agility, and an unwavering commitment to fostering a thriving platform for independent retailers and makers. Adapting to these challenges positions Faire as a resilient and innovative force in the evolving landscape of wholesale marketplaces. Way forward for Faire Faire's forward journey involves continuous innovation, global expansion, and community-building. Diversifying services, embracing sustainability, and fostering strategic partnerships ensure resilience. Persistent technology investment and adaptability to market changes position Faire for sustained success, making it a dynamic force in the evolving landscape of wholesale commerce. #thenewagebusinesses ISDI Mumbai Dr. Tapish Panwar Faire Marcelo Cortes Max Rhodes Daniele Perito Jeffrey Kolovson

Meet Lee Valley Tools.   “Retail is ever-changing. Relevance is always being redefined. But boy, at a time when everybody’s really focused on channel integration and technology, what’s most important? 

 The analog, human element. Of course, brand is important, the product and price, and all that academic stuff, but just surrounding yourself with incredible people, that’s really what matters the most,” says company President and COO Jason Tasse.   Read more about this small but mighty brand who knows the value of the personal touch.   https://bit.ly/4bNrUIP   #retailin2024 #whatcustomerswant #customerexperience

A lot of tech talk, surprised there wasn't more discussion about the mobility factor - bringing the store to the customer. Some good discussion though about utilizing the current/future retail store model as a dual fulfillment center. Milestone Equipment Leasing can help! #storage #warehousing #fulfillment

This week let’s unlock a world of possibilities for retailers and makers with Faire, where connections flourish and unique products find their spotlight. Faire's visionary founders, Marcelo Cortes and Max Rhodes, alumni of Stanford University, combine their expertise in engineering and product development. Collaborating with entrepreneur Daniele Perito and design-engineering expert Jeff Kolovson, together, their varied backgrounds blend perfectly to make Faire a creative force. These founders use their smarts to transform the wholesale world, helping small businesses everywhere. What does the company do? Faire is a transformative wholesale marketplace connecting independent retailers with a diverse array of unique products from makers and brands. Specializing in home goods, fashion, and beauty, Faire empowers local businesses by streamlining the wholesale ordering process and offering curated selections. The platform enhances product discovery for retailers, fostering a supportive ecosystem that champions small enterprises. Through data-driven insights, Faire enables retailers to make informed decisions, shaping a collaborative marketplace that redefines traditional distribution channels. Faire continues to play a pivotal role in elevating independent retail experiences. Strategic moats: For Faire, its moats are like superpowers that make it stand out.These moats act like powerful shields, making it tough for others to compete. One such shield is the strong network Faire has built – the more shops and creators join, the stronger and more appealing the castle becomes. Another shield is Faire's knack for selecting exceptional and unique products, creating a reputation that draws businesses in. Additionally, Faire's ability to analyze information smartly provides shops with valuable insights, akin to having a trustworthy guide. Challenges faced by them: Faire encounters challenges typical in its industry, including market competition, scalability intricacies, and potential disruptions in the supply chain. Successfully managing these complexities requires strategic foresight, technological agility, and an unwavering commitment to fostering a thriving platform for independent retailers and makers. Adapting to these challenges positions Faire as a resilient and innovative force in the evolving landscape of wholesale marketplaces. Way forward for Faire Faire's forward journey involves continuous innovation, global expansion, and community-building. Diversifying services, embracing sustainability, and fostering strategic partnerships ensure resilience. Persistent technology investment and adaptability to market changes position Faire for sustained success, making it a dynamic force in the evolving landscape of wholesale commerce. #thenewagebusinesses Dr. Tapish Panwar ISDI Mumbai Faire Marcelo Cortes Max Rhodes Daniele Perito Jeffrey Kolovson

Is Retail an aspect of your organization? Do you work in Retail and want to simplify workflows? NRF showcased solutions that not are not only transforming how your customers interact with your brand, but how you do business within your own retail space. Check out this summary of NRF from #jamf: https://lnkd.in/gDM3x8SE

A new business model revolving around wholesale and e-commerce is to be established in the region, according to the update. Part of this new business model includes optimising the company's structure, as well as setting up a more flexible and scalable European distribution centre. Image: Courtesy of Esprit 𝐄𝐬𝐩𝐫𝐢𝐭 '𝐬 𝐑𝐞𝐛𝐫𝐚𝐧𝐝𝐢𝐧𝐠 𝐄𝐟𝐟𝐨𝐫𝐭𝐬 𝐒𝐭𝐮𝐦𝐛𝐥𝐞: 𝐖𝐡𝐚𝐭 𝐖𝐞𝐧𝐭 𝐖𝐫𝐨𝐧𝐠? ⁣⁣ Retail giant Esprit faces an uncertain future after its ambitious rebranding campaign failed to gain traction. The company is currently seeking new investors after filing for insolvency in Europe and closing its US stores. ⁣ Rebranding aimed to recapture Esprit's 1980s glory days. The strategy involved new collections, marketing campaigns, and store openings in North America. 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫𝐬 𝐰𝐞𝐫𝐞𝐧'𝐭 𝐫𝐞𝐜𝐞𝐩𝐭𝐢𝐯𝐞. Sales continued to decline, leading to layoffs and store closures. ⁣ 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐢𝐦𝐩𝐚𝐭𝐢𝐞𝐧𝐜𝐞 𝐢𝐬 𝐛𝐥𝐚𝐦𝐞𝐝. Some former employees say the company's owners prioritized a quick turnaround for a potential sale, leading to rushed decisions. 𝐋𝐚𝐜𝐤 𝐨𝐟 𝐫𝐞𝐭𝐚𝐢𝐥 𝐞𝐱𝐩𝐞𝐫𝐭𝐢𝐬𝐞 𝐜𝐢𝐭𝐞𝐝. Critics say the leadership's background wasn't ideal for navigating the complex retail landscape. 𝐊𝐞𝐲 𝐥𝐞𝐬𝐬𝐨𝐧𝐬 𝐟𝐨𝐫 𝐟𝐚𝐬𝐡𝐢𝐨𝐧 𝐛𝐫𝐚𝐧𝐝𝐬 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐚 𝐫𝐞𝐛𝐫𝐚𝐧𝐝: Focus on long-term strategy. Rebranding is a marathon, not a sprint. ⁣ Understand your audience. Don't get lost in nostalgia; cater to today's consumers. Experienced leadership is crucial. The right team can make or break a turnaround effort. ⁣ #Esprit #retail #rebranding #BusinessModel #fashionbusiness #Linkedinnews

Great article by Retail Insider The Hidden Costs of Retail Inefficiency: Tackling Legacy Systems What isn’t always obvious is the human and financial cost of these inefficiencies, and how the aggregate time loss add up. 1️⃣ The Uninspired & Under-Optimized Retail Workforce 2️⃣ The Rise of the Retail Super App (Single Pane of Glass) 3️⃣ Implementing Band-Aids (Multiple 3rd party apps) As Ray Riley said: ''If executing on solving the root causes of the issues in your stores for your employees and customers isn’t a good enough reason, then do it because your competitors are.'' https://lnkd.in/dsTSNPmz

Our team at Boston Retail Solutions thrives on pushing boundaries and thinking differently about new challenges that come our way. Our latest endeavor? A covert, cross-country product launch enclosure, executed so seamlessly, it almost seemed like magic. The Challenge: When a leading retailer approached us with a unique challenge, we knew it was an opportunity to showcase our expertise. The mission? To install in-store modular walls around a new area in the store for a product launch across 19 locations nationwide - and all within 2 nights! This was no ordinary task; it was mission-critical to the success of a high-profile product launch that needed to be kept under wraps from the curious eyes of shoppers. The Solution: Coordination was key. Aligning seamlessly with the retailer's schedule and all parties involved, we deployed teams to install the modular walls across 19 locations in 10 states, over 2 nights. And on the third night, the BRS teams made a stealthy return, dismantling everything right after mall closing, setting the stage for the product reveal the next morning! Efficiency at its Best: Two nights, 19 locations, 10 states, one singular management team, and a seamless execution. Our dedicated team proved that even the most daunting of tasks could be accomplished with precision, dedication, and a bit of night-time magic. This project wasn't just a success story of logistics and stealth; it was a testament to our ability to turn the invisible into an unforgettable spectacle. And our clients are echoing our success: "Your team was excellent!" and "Big THANKS for all your support last week." Here's to continuing to make retail magic happen!

Retail is on 🔥 - in my edit of the headlines we have mentions for Love Island, AI-enabled supermarkets, Royal Warrants being awarded and WHSmith making their own sandwiches.   Here's what caught my eye:    SHEIN accelerates plans for £53bn London IPO Iceland Foods named best UK supermarket to work for by The Sunday Times John Lewis Partnership hires former ASOS.com exec as fashion director Waitrose & Partners, Fortnum & Mason and Barbour receive Royal Warrants from His Majesty The King WHSmith launches own-brand food-to-go range in travel stores nationwide Marks and Spencer chair Archie Norman on shoplifting: We have to accept that police aren't interested Currys plc hails strong finish to the year as sales return to growth Greggs posts strong sales growth as it targets more UK shop openings Walgreens reignites £7bn sale plan for Boots UK Pret owner explores move away from sandwiches as consumer brands struggle Finisterre launches new Covent Garden flagship M&S resets mens footwear offer as it doubles down on growth plans Zalando names new co-CEO as co-founder steps down Tesco CEO pay doubles to almost £10m, annual report reveals Burberry profit plunges 36% amid challenging luxury market Temu hit with legal action over manipulative practices M&S partners with #recycling tech firm to track plastic packaging Watches of Switzerland Group PLC UK sales impacted by minimal return of tourist spending Lidl GB revamps loyalty app with new weekly discounts Waitrose to open first in-store Gail's bakery next month Currys transforms 65 stores to enhance customer experience B&M Retail to open in ex-Wilko Manchester Arndale store Asda unveils new brand identity with dark green logo Sainsbury's to become UK's leading AI-enabled grocer as it inks Microsoft tie-up Sports Direct loses appeal over Newcastle United Football Club United kit deal eBay returns to #LoveIsland as headline sponsor Asda sales boosted as George outperformed the market The Body Shop to be auctioned after CVA plans fail   My story of the week: Currys will always have my support as it's where I started my career. Such great news to see them investing in their stores and backing physical retail. Currys have proven over the years that you have to keep transforming to survive - bravo! #shoppingcentres #retail #marketing #retailsales #brand #cmo