Inside Retail
JULY 18, 2023
Retailers have always been aware that their success relies on more than the product alone, and the retail store of today is no longer just a destination for in-person shopping. In our always-connected society, consumers are all the more demanding. They expect tailored content that aligns with their lifestyle, irrespective of location, preferred device or even time – placing greater strain on today’s stores.
Retail TouchPoints
JULY 18, 2023
David’s Bridal , which declared bankruptcy in April 2023, has been sold to CION Investment Corp. in a no-cash transaction, according to multiple media reports. The deal, which has been approved by the U.S. Bankruptcy Court for the District of New Jersey, would keep approximately 195 brick-and-mortar stores open and maintain the jobs of 7,000 of the retailer’s 10,000 employees.
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Inside Retail
JULY 18, 2023
Beauty brand Trinny London has expanded its retail offering by opening two new pop-ups in Australia. The company’s latest pop-up store has opened in Perth’s Karrinyup Shopping Centre while another opened in Sydney’s Westfield Warringah Mall. The brand already operates permanent concessions at Sydney’s Westfield Bondi Junction and Westfield Doncaster in Melbourne.
Retail TouchPoints
JULY 18, 2023
The competition between discount shopping apps Temu and Shein is increasingly playing out in the courts. In its latest salvo, Temu has accused Shein of anticompetitive practices in a lawsuit filed in a Massachusetts District Court on July 14. Temu alleges that Shein has “engaged in a campaign of threats, intimidation, false assertions of infringement, attempts to impose baseless punitive fines and has forced exclusive dealing arrangements” with the clothing manufacturers that both apps rely on f
Speaker: Loreal Lynch, 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.
Inside Retail
JULY 18, 2023
Woolworths Group is to rebrand its chain of 194 Countdown stores in New Zealand under the Woolworths name. The rebranding is part of a $370 million, three-year transformation plan for the company which will see older stores revamped and an upgraded customer loyalty program. In a statement, the company said the rebranding was to create “a name well known locally given the brand’s long history in the country”.
Retail TouchPoints
JULY 18, 2023
The mergers and acquisitions market remains strong for direct-to-consumer firms that operate across a spectrum of channels, but investors are now going back to the fundamentals and targeting companies with evidence of economic success. The mentality of “growth at all costs” is fading — and those that have pursued that path without a strategy for profitability are now finding they can no longer raise the capital they need to continue their growth.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail TouchPoints
JULY 18, 2023
True Religion has appointed Kristen D’Arcy as its new Chief Marketing Officer, reporting directly to CEO Michael Buckley. The Y2K-era brand is in the midst of a cultural resurgence and is finding success appealing to Gen Zers with its strong heritage and distinct design elements, True Religion’s Creative Director Zihaad Wells told Retail TouchPoints.
Tokinomo
JULY 18, 2023
The retail industry is rapidly evolving and technology has an important role to play in this. Since 80% of retail sales happen in-store, brick-and-mortar retail needed to find ways to get shoppers’ attention and keep them engaged.
Retail TouchPoints
JULY 18, 2023
Academy Sports + Outdoors will extend its use of Revionics’ pricing intelligence software. As part of the new multiyear agreement — which builds upon a partnership that started in 2016 — Academy will use the Revionics Base Price and Markdown solutions to not only optimize its pricing strategy but better manage inventory levels throughout the product lifecycle.
Tokinomo
JULY 18, 2023
Campaign corner Peculiar mural. Planters introduces its new line of flavored cashew snacks with an “interesting” commercial. In the video, a man is taken aback when he lays eyes on the mural his wife has chosen to create on the nursery wall for their baby. Instead of the previously agreed-upon elephant, the soon-to-be mother has opted to paint a pickle with human-like features, gently holding a Planters cashew in its embrace.
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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.
Inside Retail
JULY 18, 2023
Gucci’s president and CEO since 2015, Marco Bizzarri, is to leave the brand this September after serving at Kering Group for 18 years. Jean-François Palus, who currently holds the MD role at Kering, will succeed Bizzarri as Gucci’s new president and CEO for a transitional period. “Jean-François has been my right-hand man and a daily sparring partner for several decades,” said François-Henri Pinault, chairman and CEO of Kering Group.
Wiser
JULY 18, 2023
The Fourth of July is a time for celebration in the U.S., and this year was no different. People around the country enjoyed barbecues, fireworks shows, parades, and more as they celebrated America’s Independence Day. But what many people don’t realize is that behind all the fun and festivities are insights to be gleaned from shopper purchase data. Customer behavior is constantly changing and evolving, making it essential for brands and retailers to keep up with the latest trends.
Inside Retail
JULY 18, 2023
Albert Cincotta, the founder and inspiration behind discount pharmacy Cincotta Discount Chemist, has died at the age of 93. Opening his first store in 1951 in the western Sydney suburb of Merrylands, Cincotta was considered one of the pioneers of discount pharmacy in Australia, adopting a motto of “Famous for value, famous for care” In the 1960s, Cincotta recognised customers’ demand for medicines beyond regular business hours.
Retail Wire
JULY 18, 2023
Fashion retailer H&M has announced plans to launch stores and online trade in Brazil in 2025. This expansion follows H&M’s successful presence in various Latin American countries, including Mexico, Peru, Chile, and Colombia. To support its entry into the Brazilian market, H&M is partnering with Dorben Group, which operates retail operations across Central and South.
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.
Inside Retail
JULY 18, 2023
The Queensland-based dessert chain Cowch has gone into liquidation and closed its doors after nine years. Co-founder Arif Memis announced the news in a LinkedIn post. Describing Cowch as “our beloved business” he wrote “As founders, owners, and husband and wife team, we have poured our hearts and souls into building Cowch from the ground up, and it pains us deeply to reach this difficult decision.
Retail Wire
JULY 18, 2023
Fast-food chains like Panera, Taco Bell, Chipotle, and others are finding success in selling merchandise alongside their food offerings. These limited-time co-branded apparel and accessory lines generate social media buzz and appeal to consumers beyond just those who eat the food. While unexpected demand can lead to challenges, these merchandising strategies offer partnership opportunities for.
Inside Retail
JULY 18, 2023
The recovery in tourism has been a lot slower than many expected, but we’re getting there. Throughout 2022, there was a growing buzz across Asia about the resumption of normal international traffic, as border restrictions fell in one country after another. Retailers, particularly in tourist locations, were licking their chops, as well they might after so long when often the only sound they had been hearing in their stores was pins dropping.
Retail Wire
JULY 18, 2023
Off-price retailers TJ Maxx and Marshalls are known for using comparison prices on their tags to create the perception of a good deal for shoppers. The companies buy surplus inventory at discounted rates from department stores and specialty retailers, allowing them to offer brand-name merchandise at lower prices. While this pricing strategy has been successful.
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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
JULY 18, 2023
Hotter Shoes has been rescued by natural knitwear brand WoolOvers in a pre-pack administration deal. The sale will see all 421 employees as well as 27 stores and concessions transferred to the privately owned fashion brand. It is understood that the pre-pack sale will allow owner Unbound to stay out of insolvency proceedings while its board considers its options for the future.
Retail Wire
JULY 18, 2023
The release of Greta Gerwig’s “Barbie” movie is expected to have a positive impact on Mattel’s stock and the value of Barbie dolls. Experts predict a rise in the doll’s value leading up to and following the film’s release, similar to trends observed with other brands in pop culture. However, avid Barbie collectors, who view.
Retail Gazette
JULY 18, 2023
Ocado boss Tim Steiner has admitted that the progress of its M&S joint venture has been “disappointing” but insisted that the retailer is “set to get back to its historic levels of profitability” Steiner said that the tie-up with M&S was not where he wanted it to be when the deal was struck, but said it was making “good progress” in its reset plan. “I think overall if we look back at where we were in 2019 and what we hoped the business would be t
Retail Wire
JULY 18, 2023
The Hermès Birkin bag, known for its iconic status in the fashion world, has proven to be not just a fashion symbol but also a lucrative luxury investment. Various studies have shown that the value of Birkin bags has outperformed traditional assets such as gold and stocks, with significant increases in value over time. With.
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
JULY 18, 2023
Ocado’s half-year losses have widened as it ramps up its cost efficiency drive in a bid to turnaround the business. The online grocer’s pre-tax loss widened 37% to £289.5m in the six months to 28 May, up from the £211.3m loss the year before. It said the losses relate in part to “exception costs” worth £77.2m, which include a revaluation from Marks and Spencer and restructuring costs from the closure of its Hatfield distribution centre earlier this year.
Retail Wire
JULY 18, 2023
Dollar General has only paid a fraction of the $21 million in fines it owes for hazardous working conditions, according to reports. The fines were imposed by the U.S. Occupational Safety and Health Administration (OSHA) due to safety violations in Dollar General stores, including cluttered and messy aisles that pose fire and emergency risks. Despite.
Retail Gazette
JULY 18, 2023
Temu filed a lawsuit against rival Shein, accusing it of bullying suppliers into not working with the online marketplace. The fast fashion retailer was accused of breaking US antitrust laws by coercing manufacturers to shun working with Temu. In a lawsuit filed on Friday, Temu alleges that Shein “forces manufacturers to sign loyalty oaths certifying that they will not do business with Temu” It said the practice had resulted in fewer choices and higher prices for shoppers.
Retail Wire
JULY 18, 2023
Apple has launched an online store on Tencent’s WeChat messaging app in China, expanding its retail channels in one of its most important markets. WeChat, with over 1.2 billion users, is China’s largest messaging platform and offers “Mini Programs” that function as apps within the platform. Through the Mini Program, users can purchase the full.
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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 Times
JULY 18, 2023
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! This Summer, Boots’ suncare brand Soltan will be partnering with Warner Bros and its upcoming film Barbie, to encourage families to stay sun-safe this summer. For nearly 64 years, Barbie has been synonymous with sun, scenery and convertibles – and she can often be seen with her sun cream to hand, making Barbie the perfect […] If you want more
Retail Wire
JULY 18, 2023
Chinese e-retailer Temu has filed a new lawsuit against rival Shein, accusing the fast-fashion company of violating U.S. antitrust law in its dealings with clothing manufacturers. Temu alleges that Shein, with its $66 billion valuation, has abused its market power by pressuring manufacturers to shun Temu and forcing them to sign loyalty oaths. Shein denies.
Retail Gazette
JULY 18, 2023
M&S has launched its latest summer campaign as part of its Eat Well Play Well initiative , in partnership with the home nation’s Football Associations. The retailer ‘s campaign stars a number of the leading female players from across the four nations, alongside returning fan favourite Ian Wright, and represents the latest step in M&S Food’s partnership with England, Scotland, Cymru and the Northern Ireland National Football Teams.
Cisco Retail
JULY 18, 2023
Simplifying how customers purchase, deploy , and realize benefits of data protection and management Benjamin Franklin wrote that nothing is certain “except death and taxes.
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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