Retail News CRM

Tag: planning

  • Sukoshi’s Largest Store Yet: Canadian Beauty Retailer Expands Footprint With New York Launch

    Sukoshi’s Largest Store Yet: Canadian Beauty Retailer Expands Footprint With New York Launch

    Canadian beauty retailer, Sukoshi, is poised to continue its North American expansion with the opening of its largest store in New York next month. This marks a significant milestone in the company’s growth strategy, reflecting its ambition to increase its footprint in the region.

    Store Details

    The new store will be located on Third Avenue in New York City’s prestigious Upper East Side. In line with Sukoshi’s brand aesthetics, the store interior will be adorned with a ‘matcha’ green colour scheme. It will be stocked with beauty products from two notable brands: Red Chamber and Girlcult.

    Linda Dang, CEO of Sukoshi, expressed her vision for the brand, stating, “Our mission is to champion brands that set high standards and to create spaces where discovery and education make beauty more meaningful for every customer.”

    Company Overview

    Sukoshi, established in 2018, is a purveyor of Asian beauty products. Currently, it represents over 200 beauty brands across 15 stores throughout North America. Additionally, the company has ambitious expansion plans for the upcoming year, including opening more than 20 new locations in the US market.

    Sukoshi also has plans to establish a presence in several shopping centres across the US. Locations for future stores include Lenox Square, Aventura Mall, King of Prussia, and Bellevue Square.

    Previous Successes

    In the previous year, Sukoshi launched its first retail outlet, Sukoshi Mart, in the Roosevelt Field mall. This establishment was in association with Simon Property Group and featured alongside prominent retailers like Neiman Marcus, Bloomingdale’s, Nordstrom, and Macy’s.

    Questions & Answers

    What is Sukoshi?
    Sukoshi is a Canadian-based beauty company that offers Asian beauty products from over 200 brands. Since its founding in 2018, it has grown to operate 15 stores across North America.

    What is significant about Sukoshi’s upcoming store in New York?
    The upcoming New York store will be Sukoshi’s largest store to date and represents a key part of its expansion plans in the North American market.

    What are Sukoshi’s future expansion plans?
    The company plans to open more than 20 new stores in the US market this year. Additionally, it intends to launch stores in several shopping centres across the US, including Lenox Square, Aventura Mall, King of Prussia, and Bellevue Square.

  • Amazon launches program to identify and track counterfeiters

    Amazon launches program to identify and track counterfeiters

    The company announced that Amazon launched its Anti-Counterfeiting Exchange (ACX), an initiative to help retail stores label and track marketplace counterfeits as part of the e-commerce giant’s efforts to crack down on organized crime on its platform on Thursday.

    Online marketplaces in the United States, including Amazon face hurdles in keeping counterfeiters off their platforms and fake merchandise from entering their warehouses. The new program mimics data exchange programs by the credit card industry to find scammers and identify their tactics.

    Stores and Amazon marketplace sellers can anonymously contribute information and records flagging counterfeiters to a third-party database or use the database to avoid doing business with the bad actors.

    “We think it is critical to share information about confirmed counterfeiters to help the entire industry stop these criminals earlier,” Dharmesh Mehta, Amazon’s vice president of selling partner services, said in a statement.

    The Seattle-based retail giant piloted the anti-counterfeiting initiative in 2021 with an undisclosed number of apparel, home goods and cosmetics stores, where counterfeiting is most common.

    As part of other anti-counterfeiting efforts, Amazon is also working with the U.S. Customs and Border Protection on a data pilot that helps the company identify and target low-value e-commerce shipments that may be counterfeit goods or break other regulations.

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  • StanChart Partners Templeton for Retirement Planning App

    StanChart Partners Templeton for Retirement Planning App

    Available on Google Play and Apple’s App Store, «Autumn» integrates wellness with wealth management on an independent and bank agnostic platform.

    SC Ventures, the innovation and ventures unit of Standard Chartered, has launched «Autumn», a digital wealth, health, and lifestyle solution that provides users with tools, products, and services to plan and manage their financial and physical wellbeing.

    As a strategic partner, Franklin Templeton will provide users with access to financial literacy content and investment insights, which can be customized based on risk profile and financial data. Autumn will also be bringing lifestyle partners on board, including travel services and volunteering opportunities.

    Standard Chartered highlighted that 15 percent of Asia’s population will be over the age of 65 by 2040, citing UN data, and the need for a bundled offering to address all their needs in a holistic and personalized manner.

    By combining digital wealth technology with health, lifestyle, and financial wellness, we’ll help users adopt healthier habits and create a retirement that is personalized for them, Mike Kruger, Autumn CEO, said in the announcement.

    Banks have been quick to capitalize on Asia’s greying population and heightened interest in wealth planning. Launches of similar platforms this year have included Julius Baer, which launched its digital wealth advisory platform in Asia in April, while DBS also rolled out a personal digital advisory to its financial planner.

    Standard Chartered itself debuted a free, do-it-yourself online financial planning app this year.

    Autumn is now available in Singapore, with plans underway to roll out the platform progressively in Hong Kong and other markets in Asia, Standard Chartered said.

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  • Retailers trust Mobile Device Data for Retail Network planning

    Retailers trust Mobile Device Data for Retail Network planning

    Retailers have found a new way to conquer the challenge of limited data availability in many Asian markets by using Mobile Device Data.

    Yes, location-powered Mobile Device Data is the latest and most powerful tool for analyzing customer origins and movement patterns.

    With both population growth and growing disposable incomes, as well as an appetite for many retail formats, numerous Asian countries are becoming increasingly attractive for global retailers. But the Asian market is both enormous and very diverse, so customer profiling is essential for any retailer wanting to target its growth strategy to the most lucrative opportunities.

    Enter Mobile Device Data – the new frontier in the trade area, customer analysis and retail network planning.

    Mobile Device Data as a technology can be used to cost-effectively deliver a range of network planning functions, including:

    1. Understanding population densities and movements at a small area level, for both daytime and evening populations
    2. Identifying gaps for new business opportunities
    3. Forecasting trade area overlaps and sales cannibalization
    4. Creating targeted local store marketing and advertising opportunities.

    Increasingly retailers are moving to cloud-based mapping tools like GapMaps to help them make the best possible decisions in a data-driven, cost-effective manner. Instead of running customer origin surveys, which can incur huge costs and chew up lots of time for data entry, fieldwork and analysis, retailers are now looking for location intelligence platforms which are dynamic, global, flexible and cost-effective. Most importantly, Mobile Device Data can also generate more accurate results, drawing on massive volumes of customer data collected over years, rather than a small sample survey conducted over a few weeks.

    That’s exactly what GapMaps offers. GapMaps is a global platform which is leading the way in Mobile Device Data analysis. The platform has successfully integrated device data as a new layer on its network mapping platform, providing deep insights into customer visitation patterns and movements during both daytime and evening. The GapMaps technology has been successfully used in many countries by a number of leading global retailers in quick service restaurants, fast food, cafes, petrol retailing, health and fitness, child care and many other sectors. The platform is also widely used by many developers in these various sectors.

    Where can you use GapMaps Mobile Device Data?

    GapMaps can help any client analyse Mobile Device Data for any location in the world where mobile phones are extensively used.

    Many GapMaps clients in India, Indonesia, Hong Kong, and Taiwan are already using Mobile Device Data to define trade areas. The following example shows the mobile device density during the day in New Delhi, India.

    The data can be used for any location that attracts significant numbers of visitors, be it an individual retail store or shopping centre, quick service restaurant, gymnasium, sports arena, museum, entertainment venue or tourism precinct.

    Real-time, large scale, and cost-effective Mobile Device Data

    Harnessing GPS information based on mobile phone activity at and around any selected location, the data are collected from mobile phones (devices) via one or more of hundreds of popular apps. These apps collect the data and feed it back to a central collection point.

    GapMaps founder and managing director, Anthony Villanti says: “Mobile Device Data is a game changer in terms of how retailers can substantiate network planning decisions and model their catchment areas. Mobile devices observed in specific locations, such as a retail store, can be linked with their common evening and daytime locations, such as ‘home’ or ‘work’, for example. When the data is visualized in the GapMaps platform, it’s a really effective tool.”

    Mobile Device Data offers the powerful combination of being real-time, Big Data, continual, flexible, easily replicable across locations or time periods, and cost-effective, because

    1. The observations are time stamped and therefore any period of analysis can be selected.
    2. The analysis can be easily repeated for multiple time periods and multiple locations. There are no limits.
    3. Any site or location can be analyzed, including any competitor sites – no permissions are required.

    The data is easily deployed via the user-friendly GapMaps platform, enabling insightful analysis (both tabular and pictorial) to be conducted and presented by any user – no technical expertise is necessary.

    Combining such Mobile Device Data with demographic, government and industry statistics in India, Indonesia, Hong Kong, Taiwan and other countries throughout Asia, GapMaps can be used to inform and guide network strategy. It is already being used by hundreds of companies across a wide range of industries – from childcare and fast food to fitness, cafes, aged care, fashion retailing, entertainment destinations, financial services and more.

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  • Docomo, Itochu Logistics test IoT for delivery-fleet management in US

    Docomo, Itochu Logistics test IoT for delivery-fleet management in US

    Japan’s NTT Docomo and Itochu Logistics are planning to trial an IoT solution for delivery fleet management in the US.

    The solution uses devices compatible with low-power, wide-area LTE-M technology to track the status of outsourced trucks in their fleets.

    The trial will begin in the United States on May 1, 2019.

    According to the companies, the solution involves placing hand-held, battery- or solar-powered devices in trucks to collect data, such as truck locations and frequency of sudden braking, which will be sent through an LTE network to a dedicated website.

    The solution can also provide temperature, humidity, brightness, etc. data depending on delivery needs, as well as notify customers via email when the trucks approach their destinations.Itochu Logistics USA expects to save time using the solution compared to the conventional method of manually phoning drivers to confirm their locations and estimated delivery times.

    The solution will be tested for its effectiveness in supporting the management and safety of truck fleets at Itochu Logistics USA’s delivery-trick network and logistics system.

    “While most delivery trucks are equipped with GPS devices, the location data typically is available to the owner but not to logistics/transport companies that retain the trucks on an outsourced basis,” the companies said.

    “The solution’s easily deployed LTE-M devices, however, will give logistics/transport companies dedicated access to location and other useful information about trucks operating temporarily in their fleets.”

    The trial is part of the Globiot global-IoT initiative that Docomo launched on July 2, 2018.

    The Japanese mobile giant said it expects the solution will be marketed widely throughout US, Japan, and Asia.

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  • DJI Introduces DJI Terra To Capture, Visualize And Analyze Drone Data

    DJI Introduces DJI Terra To Capture, Visualize And Analyze Drone Data

    DJI, the world’s leader in civilian drones and aerial imaging technology, today introduced DJI Terra, a new software tool that transforms drone data into digital 3D models and maps for easy analysis and decision making. DJI Terra enables businesses and organizations using DJI drone technology to capture, visualize and analyze aerial images for a wide variety of applications across the public safety, construction, infrastructure, agriculture and film industries.

    “As the leader in the commercial drone industry, DJI continues to develop accessible and easy-to-use hardware and software solutions that help organizations transform their operations with drone technology and gain a competitive advantage in their industries,” said Sunny Liao, Director of Enterprise at DJI. “As an all-in-one mapping and modeling solution, DJI Terra makes it simple and efficient to extract value from drone data, generating conclusions and recommendations across multiple use cases from crash reconstructions to critical infrastructure inspections as well as agriculture field mapping and construction site modeling.”

    Automatic Flight Planning and Data Capture

    DJI Terra helps commercial drone pilots quickly plan automated flights with several easy-to-use options based on the area or objects they’d like to capture and the type of map or 3D model they’d like to create. It features three mission planning types:

    • Area – Capture a specific area quickly and easily by drawing a custom polygonal flight zone on a map. DJI Terra automatically generates efficient flight path options based on the area selected.
    • Waypoint – Create dynamic custom flight paths through an area or around objects using waypoints and adjustable parameters like aircraft altitude, speed, heading, gimbal pitch and angle. For more complex missions that require high attention to detail, the 3D Flight Visualization feature enables the design and simulation of missions on existing 3D models.
    • Oblique – Capture a rich data set by automatically flying the same route multiple times. Each flight automatically adjusts the angle of the camera to capture new details, giving an extra crisp 3D model of the object or asset from multiple angles.

    Real-time Mapping and Detailed 3D Models

    With real-time mapping capabilities, DJI Terra allows drone pilots to quickly generate 2D orthomosaic maps as the drone flies, ideal for time-sensitive missions where situational awareness is critical and decisions need to be made in minutes. DJI Terra’s fast processing capability also creates sharp and realistic representations of any environment through detailed 2D orthomosaics and 3D model reconstructions used for industrial applications like reconstructing vehicle crashes, tracking progress on construction projects or conducting large-scale critical infrastructure inspections on bridges and roadways.

    Easy Data Analysis

    In addition to map and model creation, DJI Terra helps users analyze data and generate instant insights with easy-to-use analysis tools that provide a variety of measurements including linear distance, surface area and volumetric estimations. To improve team communication and reporting throughout ongoing projects, annotation labels can be edited and shared. For detailed site inspections and accident reconstruction situations, DJI Terra’s photo inspection tool lets users closely examine every photo used to create the model so they can pinpoint and highlight critical elements.

    Availability

    DJI Terra is available today for purchase through authorized DJI Enterprise resellers worldwide and is compatible with Windows PCs and all current DJI Phantom 4 Series drones.

  • DBS Poaches Wealth Planning Head from Bank of Singapore

    DBS Poaches Wealth Planning Head from Bank of Singapore

    His key responsibilities include driving the expansion of the bank’s wealth planning, family office and insurance offerings, and providing holistic solutions and advisory for high net worth families.

    DBS Bank on Friday has appointed Lee Woon Shiu as Head of Wealth Planning, Family Office and Insurance Solutions at its private bank, it said in a press release on Friday.

    Lee is an industry veteran with more than 20 years’ of experience in advising numerous ultra-high net worth families in Asia-Pacific on wealth planning as well as the establishment and implementation of family governance and philanthropy strategies. He joins DBS from Bank of Singapore, the private banking arm of OCBC Bank, where he has worked since 2004. Most recently, he held the position of Head of Wealth Planning, Trust and Insurance.

    «With Asia at the cusp of a significant intergenerational wealth transfer, we are committed to being our clients’ partner of choice as we help to grow, manage and protect their family’s assets and legacy over time,» Sim S. Lim, Group Head of Consumer Banking & Wealth Management, DBS Bank, said.

    Outside the office, Lee is an adjunct professor at Nanyang Technological University’s Wealth Management Institute (WMI), and has been appointed Expert Panel Member of WMI to provide guidance to the institute and its faculty in developing new IBF standards and curriculum for wealth planning. He is also an Advocate & Solicitor of Singapore, a Solicitor of England & Wales and an accredited Trust & Estate Practitioner under the International Society of Trust and Estate Practitioners.

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  • Dunnhumby strives to deliver innovative state of the art “media planning”

    Dunnhumby strives to deliver innovative state of the art “media planning”

    Dunnhumby, a leading customer science company, today announces a 29.8% year-on-year growth in gross revenue, as it continues to be an innovator in retail business by significantly expanding its retail media services over the past few years.

    Analyzing data on consumer spending behavior, Connect Media from dunnhumby is able to understand the customer decision-making process, and therefore better tailor marketing and advertising, both online and offline, to enhance customers’ decisions in buying products, while at the same time earn brand loyalty.

    “We’re able to offer a seamless customer journey, through-the-line, from home, when customer on the moves, on mobile, to the point of sales,” said Teeradet Dumrongbhalasitr, Head of TESCO Commercial South East Asia, dunnhumby Thailand. “dunnhumby begins with understanding the customer’s mind, then we pick the right knowledge to match media that suits the campaign’s objectives. We then choose the right touch point on the customer’s journey to communicate with them.”

    Over the past couple of years, Connect Media from dunnhumby has supported many of Thailand’s leading brands to successfully deliver their message to customers and build their brands at Tesco Lotus. 

    “dunnhumby strives to create new execution, new platform, new measurement to deliver innovative state of the art media. This makes Connect Media clearly different from other media in the market,” said Mr. Teeradet.

    It isn’t just the new innovations like its ibeacon on-location technology, or its unique approaches, like personalized opportunities, that is responsible for Connect Media’s success in “Return on Customers” for companies, though, but also its combination of innovative media solutions for ultimate impact and penetration in the market.

    “Of course, digital channels and platform synergy are becoming increasingly important in empowering customers’ shopping experiences and targeting individual customers, but we should also not neglect ‘point of sales media’, and advertising on the sales floor in its ability to influence customers at their moment of truth” added Mr. Teeradet. “Although customers may very well have a clear idea of what they want before they enter the store, the influence of promotions and media at point of sales can always change their purchase intention.”

    Connect Media from Thailand shows no sign of slowing in terms of growth and expansion, and in the coming months seeks to better “humanise” online interactions, and continue to evolve the shopping experience through creative offline platforms.

    “We will be focusing on as of yet untapped markets in the coming months, while strengthening key categories,” said Mr. Teeradet.

     In line with Connect Media’s history of leading the retail industry in innovation, Connect Media will also be focusing on business opportunities in other sectors, and looking at ways to solidify their position in the marketplace by potential data partnerships.