Morning Brew - ☕ Trial and mirror

Zero10’s AR tech.
May 17, 2024

Retail Brew

Aptos

It’s Friday, and the Consumer Financial Protection Bureau (CFPB) will live to fight another day for the rights of American consumers. The Supreme Court rejected a challenge to the agency’s authority to draw money directly from the Federal Reserve, preserving its main source of funding.

In today’s edition:

—Jeena Sharma, Erin Cabrey

OPERATIONS

Augmented reality check

Zero10 AR mirrors at Coach and Tommy Hilfiger Zero10

If you’ve walked into a Tommy Hilfiger or Macy’s store and had the chance to play dress-up with an interactive mirror recently, you have Zero10 to thank.

The fashion AR company that started in 2020 with just a digital and AR trial app on iOS today works with fashion retailers including Ugg, Coach, and JD Sport in the US and Europe.

Its primary product? The AR mirror, of course, which comes powered with body tracking and simulation tech that work together to build one really fun machine learning model, where curious consumers are able to envision themselves in a range of different products without actually having to try them on.

And while Zero10 is also working with companies like Warner Brothers and other entertainment brands, fashion retailers make up 70% of the brand’s business, co-founder and CEO George Yashin told Retail Brew.

“There is huge competition in…beauty, cosmetics, and accessories,” he said. “So we started with clothing, because there was zero competition there…because of its super difficult challenge to make this technology and product work.”

He added that he is also looking to expand his tech to sneaker companies, with one ultimate goal: to make his business stand out.

Keep reading here.—JS

   

PRESENTED BY APTOS

Make ’em come back

Aptos

It’s an open secret in retail: More than 75% of customer journeys involve brick-and-mortar locations. So amping up your in-store shopping experience is crucial.

You need one unified commerce platform that makes customer-obsessed retail a reality—Aptos ONE can be that platform.

Aptos ONE POS brings all your shopping channels together, making your experience (and your customers’) smooth and streamlined.

Shoot, it can even empower your store associates with the right tools (like customer profiles, purchase history, loyalty status—you name it), so they can meet your shoppers exactly where they’re at.

Rev your retail engine.

STORES

Naught to trot

Foxtrot exterior Foxtrot

Less than a month ago, Foxtrot and Dom’s Kitchen and Market abruptly ceased operations at all locations after finding “no viable option” to continue the business just five months after merging to form Outfox Hospitality.

This week, Outfox Hospitality filed for Chapter 7 bankruptcy, per a filing with the US Bankruptcy Court in Wilmington, Delaware. In the filing, the company claimed 5,001 to 10,000 creditors and $10 million to $50 million in estimated assets, with the same range claimed for liabilities.

The filing notes that store locations are “in need of immediate action” due to the presence of perishable goods. It also indicates that Outfox’s board approved and authorized the filing on April 23, the day all Foxtrot and Dom’s locations were shut down.

Keep reading here.—EC

   

FASHION

Highs and lows

MyTheresa’s website showing travel-related apparel and accessories MyTheresa

It’s time for Retail Brew’s weekly fashion dispatch. This week, one luxury British retailer saw a dramatic drop in sales, and a fashion industry veteran sold her eponymous label.

Burberry sales drop

Burberry revealed its latest sales results, reporting a whopping 34% decline in annual profit as sales dropped 12% in the final quarter of 2023. The British luxury retailer attributed the disappointing results to underperformance in regions like China, where sales were down 19%, and the absence of tax-free shoppers in London. “Spending by Chinese tourists at our stores in London is less than half of what it was compared to the pre-pandemic, whereas it’s more than tripled in Paris,” CEO Jonathan Akeroyd said in a statement.

Why this matters: Declining sales seems to be the song of the season for luxury retailers. With the exception of LVMH (see below), even huge conglomerates like Kering are struggling as major brands like Gucci and YSL see a drop in consumer spending.

Keep reading here.—JS

   

TOGETHER WITH APTOS

Aptos

In-store is in fashion. If you want to stay on top in retail, you need a customer-obsessed attitude—especially when it comes to in-store experiences. Grab Aptos’ new white paper and start designing empowered + memorable in-store experiences that will wow your customers. Make your store the talk of the town.

SWAPPING SKUS

Today’s top retail reads.

Spread the health: CVS and Walgreens are considering radically retooling stores as pharmacies continue to struggle. (Bloomberg)

Shirts off: Under Armour unveiled a restructuring plan to cut jobs and reduce SKUs after forecasting that sales will plunge between 15% and 17%. (CNBC)

Beefing up: Tyson Foods said it cannot predict when US cattle ranchers will be able to replenish their herds amid a squeeze in the supply of beef. (Reuters)

Retail rush: See how a cloud-native, mobile-first POS can level up your customer experiences. Say hi to happier customers + boosted numbers. Watch the video.*

*A message from our sponsor.

SHARE THE BREW

Share Retail Brew with your coworkers, acquire free Brew swag, and then make new friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
retailbrew.com/r/?kid=303a04a9

         
ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2024 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Older messages

☕️ Probe pileup

Friday, May 17, 2024

Red Lobster's fall from grace... May 15, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Edmunds Good morning. New newsletter alert! Introducing Brew Markets, a daily afternoon

☕ So cinematic

Friday, May 17, 2024

AI moviemaking grows up. May 15, 2024 Tech Brew It's Wednesday. After a summer of strikes, it was time to check in on the status of using AI in movies. Tech Brew's Patrick Kulp went to tech

☕ Going nuclear

Friday, May 17, 2024

How Amazon marketed “Fallout” into a global hit. May 15, 2024 Marketing Brew PRESENTED BY Optimizely It's Wednesday. Kelly Clarkson closed NBCU's upfront. Alicia Keys kicked off Amazon's

☕ Capital building

Friday, May 17, 2024

Retail capital expenditures outlook. May 15, 2024 Retail Brew PRESENTED BY Listrak Hello, hello, and we're starting your day with some mixed news: The Consumer Price Index rose 0.3% monthly and 3.4

👂Eavesdrop on Retail's Future with Us

Friday, May 17, 2024

Join us virtually on 5/22. Hi Retail Brew Reader, The retail sector is undergoing an exciting transformation, marked by new technologies, e-commerce trends, omnichannel innovations, and supply chain

You Might Also Like

☕ Dressed to invest

Friday, July 5, 2024

What retailers are investing in lately. July 05, 2024 Retail Brew It's Friday, and we assume you're still at the beach. That's just good business, so we've got some good business

GeekWire Startups Weekly

Friday, July 5, 2024

News, analysis, insights from the Pacific NW startup ecosystem View this email in your browser Coming soon to Seattle: a co-working space for tackling climate change Read more » AI expert and film vet

Moral Revolution

Friday, July 5, 2024

Here's a counterfactual to ponder Moral Revolution By Caroline Crampton • 5 Jul 2024 View in browser View in browser Revolution In The Air Mark Miodownik | Guardian | 4th July 2024 History of

Drag Queens, Mary Katherine Goddard and the Meme-ification of Anthony Bourdain

Friday, July 5, 2024

10 stories that have given us creative inspiration this week ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Friday Sales: All the Best Early Amazon Prime Day Deals (So Far)

Friday, July 5, 2024

Including deals under $50. The Strategist Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate commission. All the Best Early

🍿 The Bloodiest Movie of 2024

Friday, July 5, 2024

Plus: This humble plant species may be the key to terraforming Mars. Inverse Daily A man with a bloodied face holds a knife, looking intense, seated in a dimly lit, chaotic environment. Roadside

I'm sorry, the Tangle survey is now open!

Friday, July 5, 2024

First, I apologize for the double email! We just sent out a mid-year survey to collect your thoughts on Tangle. Permissions on the survey were accidentally locked — so nobody could take it (that is a

Have 5 minutes? Take our annual survey. Here’s how it helps us...

Friday, July 5, 2024

It does a lot more than you think. Have 5 minutes? Take our annual survey. Here's how it helps us... It does a lot more than you think. By Isaac Saul • 5 Jul 2024 View in browser View in browser

☕ Funding status

Friday, July 5, 2024

The state of the H1 venture market. July 05, 2024 Tech Brew PRESENTED BY Splunk It's Friday. Hello and welcome to this weekday wedged between a federal holiday and a weekend. We're keeping it

Who Broke The Economy?

Friday, July 5, 2024

Inflation and a broken supply chain created chaos across the world. Corporate consolidation is the reason it all happened. 🎧 LISTEN NOW: Who Broke The Economy? Today on Lever Time, we unpack how