Inside Retail
MAY 3, 2024
Social media is now the world’s largest channel for advertising investment, with Western platforms growing the fastest driven by Chinese brands targeting US and European audiences. WARC Media said that social media has overtaken paid search in advertising investment and is forecasted to reach $247.3 billion this year, up 14.3 per cent from a year ago.
Retail Wire
MAY 3, 2024
Sony Pictures and Apollo Global Management have sent a letter to the Paramount Global board showing their interest in buying the company for around $26 billion.
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Inside Retail
MAY 3, 2024
Brooks Running booked record revenue in the first quarter, representing a 9 per cent year-on-year increase and the highest quarterly result yet. The company’s e-commerce business soared 22 per cent with a remarkable 38 per cent growth in March alone. Australian revenue rose 38 per cent while China revenue surged 180 per cent. The company’s Europe, Middle East, and Africa e-commerce business grew by 10 per cent.
Retail TouchPoints
MAY 3, 2024
The Save Mart Companies is building on its partnership with Instacart by implementing several in-store solutions in nearly all 200 Save Mart, FoodMaxx and Lucky locations. The California-based grocer will roll out Caper Carts, Instacart’s AI-powered smart carts, and FoodStorm, an order management system designed to power the retailer’s food service and catering experiences.
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
Retail Wire
MAY 3, 2024
Laxman Narasimhan, CEO of Starbucks Corp. (SBUX), finds himself in a tough spot with plunging shares and declining sales, just a year into his tenure.
Retail TouchPoints
MAY 3, 2024
In the competitive landscape of small and medium-sized businesses (SMBs), the quest to cultivate a motivated, engaged and productive workforce is crucial for sustainable growth and success. According to a study by the Small Business Administration (SBA), employee turnover costs small businesses in the United States an estimated $11 billion annually.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail TouchPoints
MAY 3, 2024
The office of New York State Comptroller Thomas DiNapoli has sent a letter to the top executives at Best Buy expressing concerns about the retailer’s support for inclusivity, specifically LGBTQ+ rights and equality. The letter was sent last month after a Securities & Exchange Commission (SEC) filing revealed that Best Buy offered to “screen” employee group donations to several LGBTQ+ nonprofits as a response to pressure from a conservative think tank, the National Center for Public Policy Re
Inside Retail
MAY 3, 2024
Lee has launched the Lee Golf Series, its first golf collection for men. The collection includes pants and shorts, which feature motion flex waistbands with shirt gripper technology. “We’ve been selling technology-infused casual apparel for years, and we know our customers love the versatility of our products across a wide range of wear occasions,” said Jimmy Shafer, SVP at Lee. “The Lee Golf Series expands this foundation as we looked to build a curated assortment that c
Retail TouchPoints
MAY 3, 2024
The Ulta Beauty Charitable Foundation , a 501(c)(3) affiliated with the beauty retailer, is committing more than $3 million this year to nonprofit partners focused on the mental health and well-being of women and teens. The foundation’s mission is to reaffirm Ulta Beauty’s stance that beauty and wellness are intrinsically linked to mental health and emotional well-being.
Retail Wire
MAY 3, 2024
The U.S. government has made some tweaks to electric vehicle (EV) tax credits, possibly paving the way for more EVs to qualify for credits of up to $7,500. These tax credits range from $3,750 to $7,500 for new EVs, with a $4,000 credit available for used ones.
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Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.
Retail TouchPoints
MAY 3, 2024
UK supermarket giant Tesco will use AI to provide personalized purchasing challenges to as many as three million members of its Clubcard loyalty program, offering them a chance to earn a maximum of £50 (approximately $62 USD) in Clubcard points. Beginning May 20, 2024 and lasting six weeks, participating members will receive 20 challenges that have been personalized just for them, ranging from “Spend £20 on our Summer BBQ range over the next six weeks,” to “Spend £10 on plant-based meals.
Retail Wire
MAY 3, 2024
Apple Inc., one of the world's largest tech companies, has just made history with the largest stock buyback ever seen in the United States. The announcement comes as the tech giant's board approved an additional $110 billion in share repurchases.
Retail Gazette
MAY 3, 2024
Asda has pushed its debt burdens into the next decade after refinancing more than £3.2bn of debt. The supermarket said the deal has postponed the majority of its maturities past 2030 and included the biggest sterling high-yield bond this year. It noted that it was also the second-largest sterling bond in the European leveraged finance market – only behind its original £2.25bn sterling bond tranches in 2021.
Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali
Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.
Retail Gazette
MAY 3, 2024
Online athleisure brand Tala is teaming up with Selfridgess to take its first step into the physical world with shop-in-shops across its department stores. Shoppers will be able to purchase the brand from all four of the luxury department store’s locations, including Selfridges Oxford Street, a branded shop in Manchester Trafford, while it will also be housed in the women’s activewear department at Manchester Exchange Square and Birmingham.
Retail Wire
MAY 3, 2024
Moderna's only product is the vaccine that became popular during the pandemic.
Retail Gazette
MAY 3, 2024
Clarks chief executive Jonathan Ram has left the business after two years to “pursue other opportunities”. The footwear retailer said it has formed an interim executive committee to lead the business until it finds a replacement. Ram joined Clarks in April 2022 from US retailer HanesBrands, where he was the group president of global activewear since 2018.
Retail Wire
MAY 3, 2024
Clothing-optional vacations from Norwegian Cruise Line will start next year.
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Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.
Retail Gazette
MAY 3, 2024
Online mattress retailer eveSleep has opened its first-ever pop up in London’s Southbank to celebrate the launch of its new wunderflip range. The weekend pop up ‘Bed Battle: Team Firm vs Team Soft’ is located at Gallery@Oxo and invites consumers to test out the new collection through several interactive activations to determine which mattress they prefer.
Retail Dive
MAY 3, 2024
The clean skin care brand said it will shutter its website on May 31, while the beauty brand’s chairperson, Reinold Geiger, launched a buyout bid.
Retail Gazette
MAY 3, 2024
Superdry co-founder and chief executive Julian Dunkerton has warned that people are opting to travel to Europe instead of the UK to go shopping following the end of tax-free shopping. Dunkerton told The Times the decision to not reinstate the scheme that allows international visitors to reclaim 20% VAT is a “self-inflicted wound”. He claimed the international market was “being put off by not allowing VAT relief.
Retail Dive
MAY 3, 2024
The apparel retailer massively downsized as it emerged from Chapter 11 in 2017. This time more than 540 stores will close for good.
Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney
Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib
Retail Gazette
MAY 3, 2024
Asda’s billionaire owners the Issa brothers borrowed an additional £7m from their petrol stations empire last year to pay for their private jets, new documents have found. EG Group lent the cash to personal private jet companies controlled by Mohsin and Zuber Issa last year, which are both located offshore in the Isle of Man, The Telegraph reported.
Cisco Retail
MAY 3, 2024
On behalf of Cisco, I am proud to announce the promotions of Gary DePreta to the role of Senior Vice President of U.S. Public Sector Sales and Mike Witzman to Senior Director of U.S.
Retail Gazette
MAY 3, 2024
Tesco group customer director Emma Botton has quit the business after more than 7 years. In an internal memo seen by Marketing Week, it is not clear whether Botton will be directly replaced or whether the supermarket’s marketing team will face its second restructure in less than 12 months. Tesco chief commercial officer Ashwin Prasad told colleagues he would “share more information shortly in relation to how [the business] will lead [its] customer marketing agenda”.
Retail Wire
MAY 3, 2024
Spotify has supposedly scoped out a new method to shift its free users behind a paywall.
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Did you know—74% of IT leaders are looking to improve their tech stack to offer better personalization? It’s impossible to ignore the importance of personalization, but it comes with challenges. How do you do it with a tight budget? What about customer privacy and the use of data? The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.
Retail Gazette
MAY 3, 2024
Online athleisure brand Tala is teaming up with Selfridges to take its first step into the physical world with shop-in-shops across its department stores. Shoppers will be able to purchase the brand from all four of the luxury department store’s locations, including Selfridges Oxford Street, a branded shop in Manchester Trafford, while it will also be housed in the women’s activewear department at Manchester Exchange Square and Birmingham.
Cisco Retail
MAY 3, 2024
Embark on an enhanced learning journey with the Cisco Black Belt Academy—a transformative platform designed to give you a competitive edge in the dynamic Cisco ecosystem.
Retail Dive
MAY 3, 2024
The retailer, which has been in operation for 100 years, began store closing sales on Thursday.
LS Retail
MAY 3, 2024
©iStock/William_Potter The high-level talks between the U.S. and China on artificial intelligence (AI) could have far-reaching implications for the future of global commerce, experts say. U.S. Secretary of State Anthony Blinken has announced that the two countries will conduct their first high-level talks on AI, emphasizing its growing importance. The discussions are poised to cover crucial aspects of AI technology and regulation, and the outcomes may influence regulatory frameworks, technology
Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach
More and more, customers are expecting a better personalized CX. But can retailers actually deliver? Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions? Join us to gain a better understanding of the current retail landscape and learn what you can do to translate personalization strategies into practical implementatio
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