Wed.May 08, 2024

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Lateral moves are the secret path to the CEO role – here’s how to make them

Inside Retail

For women in retail who are aspiring to the highest level of leadership in an organisation, what is the best path to take up the corporate ladder? Meg Zalewski, Rebel’s general manager of retail operations, is a strong advocate for making “lateral moves” to gain experience in different parts of the business, rather than getting stuck in a specific function.

Finance 147
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Meta To Broaden AI Image Generation Options for Ads

Retail Wire

Meta Platforms, the parent company of Facebook and Instagram, announced on Tuesday that it is expanding its lineup of generative AI advertising products.

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“No immediate impact”: Experts weigh in on Senate Committee’s recommendations

Inside Retail

This week, the Senate Committee on Supermarket Prices made 14 recommendations for the Government to consider amending the Competition and Consumer Act 2010 to end the alleged price gouging of the major supermarkets. The Committee’s Competition and Consumer Amendment (Divestiture Powers) Bill 2024 was made public on Tuesday, after a months-long inquiry and tense hearings with the chief executives of Coles and Woolworths.

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What to Consider When Incorporating AI into Your Retail Business

Retail TouchPoints

Artificial intelligence has revolutionized the way businesses and individuals operate by using data to power tools that can analyze, respond, predict and create in a manner similar to the human brain. Today, it is hard to imagine any sector where AI has yet to be deployed in some capacity, including, increasingly, retail, which has turned to AI for everything from streamlining the supply chain to personalizing shopping experiences.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

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.

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Super Retail Group’s sales only slightly up despite 20 new stores

Inside Retail

Super Retail Group saw its sales inch up across the majority of its brands as it opened 20 stores but closed four during the first 43 weeks of the year. During the period, the group’s sales rose 2 per cent with the BCF division up 5 per cent, Supercheap Auto up 3 pr cent and Macpac up 2 per cent. The company noted that BCF benefited from strong inbound travel into New Zealand, which increased purchases in key tourist destinations, while Supercheap Auto sales gained from the strong demand i

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Rivian’s Losses Reach $1.45 Billion Amid Ongoing Cost-Reduction Efforts

Retail Wire

In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before turning over profits.

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Shopify’s Stock Plummets 19% After Earnings Report

Retail Wire

Shopify, the Canadian e-commerce company, faced a significant drop in its stock value after releasing its first-quarter results.

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Goodwill Debuts Free E-Waste Recycling in 42 Pennsylvania Locations

Retail TouchPoints

Goodwill Keystone Area has partnered with Reworld to offer no-cost electronics recycling at its 42 stores and donation center sites located across 22 central and southeastern Pennsylvania counties. Eligible devices — including TVs, computers, mobile devices, gaming systems, toasters and vacuum cleaners — will be repaired and resold; items at the end of their life will be responsibly recycled by Reworld, which has recycled more than 135 million pounds of e-waste to date.

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FDA Says Eating Yogurt May Help With One Common Disease

Retail Wire

The Food and Drug Administration claims that yogurt could help with one common disease, but there's a catch as to not mislead consumers.

Consumer 275
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Contentsquare CMO Reveals Why Brands’ Best Acquisition Strategy is a Retention Strategy

Retail TouchPoints

Ecommerce sales are expected to hit $6.3 trillion in 2024 and continue to grow steadily through 2027, according to eMarketer research. Despite this macro growth, ecommerce site abandonment remains a big issue for all brands, regardless of their size or product category. One of the biggest reasons, according to data from Contentsquare , is that while merchants are investing in paid advertising to drive more traffic to their sites, their experiences are riddled with experience gaps that ultimately

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Get MACH Ready: Preparing Your Business for Digital Transformation

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.

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Victorinox Pioneers Bladeless Multi-Tools

Retail Wire

Victorinox, globally recognized for its timeless Swiss Army Knife, is embarking on a new and different venture: the development of a bladeless version of its iconic multi-tool in adherence to stricter international laws.

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TikTok Sues to Prevent U.S. Ban, Calling Law ‘Obviously Unconstitutional’

Retail TouchPoints

TikTok has filed suit in the U.S. Court of Appeals for the D.C. Circuit, seeking to stop the recently signed legislation that would require the platform to be sold to a non-Chinese entity by January 2025 or be banned. The suit claims that banning TikTok is not only impractical but “obviously unconstitutional,” impinging on the free speech rights of the 170 million Americans who use it.

Shopping 191
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Five leadership lessons from L’Occitane Group’s head of travel retail in Apac

Inside Retail

In April, L’Occitane Group announced the appointment of Green Yip as regional managing director for travel retail Apac. With 15 years of proven leadership and a track record of success, Green Yip brings a wealth of experience and expertise in the beauty industry to the role. Throughout her career, she has held senior appointments at Estee Lauder and LVMH.

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Will Elvis Officiate? Shein Hopes to Woo U.S. Shoppers with Wedding-Themed Vegas Pop-Up

Retail TouchPoints

Discount shopping app Shein is headed to Las Vegas this Memorial Day weekend, where it will host a two -day wedding-themed pop-up dubbed the Shein Love Chapel. This latest Shein pop-up is part of an ongoing push to challenge the rise of fellow Chinese shopping platform Temu in the U.S., which is spending exorbitant sums in its own attempt to win the hearts of North American shoppers.

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How Retailers Are Transforming Customer Experiences with Data & AI

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.

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Banned Chinese cotton is widespread in global retailers’ merchandise – survey

Inside Retail

Traces of banned Chinese cotton were found in 19 per cent of a sample of merchandise selling at US and global retailers in the past year, a study showed, highlighting the challenges of complying with the US law aimed at blocking imports of cotton linked to forced labour in China. In the study released on Tuesday, researchers from natural resource analytics, isotope testing firm Stratum Reservoir and DNA lab Applied DNA Sciences analysed garment samples, cotton swabs and shoes from big box retail

Apparel 147
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Herbolario Navarro choose sustainable lighting solutions from Trilux

Retail Focus

Herbolario Navarro, one of Spain’s largest retail chains for organic products, has taken a significant step towards sustainability – with TRILUX as its lighting partner. The retail giant installed E-LINE NEXT LED in over 50 stores nationwide. The continuous lighting system sets energy efficiency standards and significantly reduces carbon footprint.

Shopping 147
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Amazon Touts ‘Full-Funnel’ Ad Capabilities with New Shoppable TV Formats

Retail TouchPoints

Still just in its first year of offering television advertising, Amazon already is looking to push the boundaries of interactive and shoppable TV. In advance of its debut Upfront presentation, the ecommerce juggernaut has introduced three new ad formats that make it easier for viewers to connect and shop with the brands that advertise on its Prime Video content.

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True Fit Democratises Fashion Genome and Unlocks Growth for Rising Fashion Brands in Shopify

Retail Focus

True Fit , the AI-driven platform that decodes size and fit for shoppers and fashion retailers, has announced that, following its launch in Shopify at the end of 2023, it is now driving a 14% average GMV growth for fashion brands on the platform, giving rise to the next generation of scaling fashion retailers. Having formerly only served the largest apparel retailers and brands in the world, True Fit has democratised its Fashion Genome to bring the benefit of AI size and fit to the full market.

Fashion 147
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Forrester Report: Demystifying The Technical Functions of POS Solutions

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.

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St Kilda Mums rebrands as Our Village as its footprint expands

Inside Retail

St Kilda Mums, the Melbourne-based charity organisation, and its regional equivalents, Geelong Mums and Eureka Mums, are to rebrand as ‘Our Village’ with the financial assistance of L’Oréal Groupe. Founded in 2009 by a group of five mothers in St Kilda, the charity serves 79 local government districts in Victoria. Last year, the charity served over 20,000 newborns and toddlers in metropolitan and regional Victoria, rehoming over 65,000 goods worth more than $7 million.

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Climeworks Unveils ‘World’s Largest’ Carbon Capture Plant

Retail Wire

Amidst the global climate crisis, a groundbreaking solution emerges: the inauguration of the world's largest carbon capture plant, "Mammoth," in Iceland. Developed by Climeworks, this plant marks a significant stride in the pursuit of curbing planet-heating emissions.

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“Our mission is to make retail fair”: Wolf & Badger CEO George Graham

Inside Retail

The UK-based online platform for independent and ethical brands Wolf & Badger opened its first bricks-and-mortar location in London in 2010, before adding stores in New York in 2017 and Los Angeles in 2022. Today, the US is its largest market. Here, we speak with Wolf & Badger co-founder and CEO George Graham about his plans to continue driving global retail growth.

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New Starbucks Artist Collaboration Merch Announced

Retail Wire

Inspired by personal experiences and cultural heritage, artist Monyee Chau brings forth a collection under the Starbucks Artist Collaboration Series set to debut this summer.

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Mapping Digital Transformation: Retail’s Strategic Shift

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

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How Swee Lee’s immersive lifestyle store brings the cool factor to music retail

Inside Retail

Swee Lee, Southeast Asia’s leading omnichannel musical instrument retailer, recently announced the grand opening of a music lifestyle store at Clarke Quay, a landmark F&B entertainment precinct beside the iconic Singapore River. The immersive space allows visitors to sample and purchase instruments such as guitars, vinyl records and audio equipment.

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Palmer Candy Company Recalls 29 Products for Possible Salmonella Contamination

Retail Wire

The Food and Drug Administration (FDA) has recalled 29 of Palmer Candy Company's white-coated confectionary items because of the potential for salmonella contamination.

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Selfridges cuts jobs and blames loss of tax-free shopping

Retail Gazette

Selfridges is to make job cuts due to the loss of tax-free shopping and reduced luxury spending. The department store’s CEO Andrew Keith claimed the new set of redundancies had been caused by the government ditching tax-free shopping for international tourists, The Times revealed. Around 70 jobs will be lost, nine months after its previous set of redundancies.

Shopping 124
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Panera Halts Sales of ‘Charged Sips’ at Heart of Lawsuits

Retail Wire

Panera's Charged Sips allegedly caused two deaths, and now they're being pulled from the chain's menus.

ATS 147
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The Personalization Playbook: 2024 Strategies

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.

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‘The death of the mall was a myth’: Brookfield Properties CEO on the evolution of an aging retail concept

Retail Dive

Kevin McCrain isn’t bothered by department store anchors closing and says retailers need malls because people like to shop there — including Gen Z.

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Peloton Stocks Soar 14% Amidst Potential Private Equity Buyout

Retail Wire

Peloton has been struggling since the pandemic ended. Now, it may be getting a reprieve.

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Frasers Group closes in on Ted Baker deal

Retail Gazette

Frasers Group is closing in on a deal to become the new British partner of struggling fashion chain Ted Baker. According to Sky News , the retail giant is set to be named the preferred partner for the retailer’s UK business following the collapse of its existing licensing partner No Ordinary Designer Label (NODL). Industry sources said that Frasers and NODL’s administrators hoped to reach a deal in the coming days.

Fashion 123
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Gousto sets sail with new Greek Odyssey range

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Gousto, the UK’s best recipe box for choice*, is sailing through the Aegean sea with its new ‘Greek Odyssey’ recipe range to take Brits to warmer weather. Featuring 10 tantalising local dishes that are often overlooked, the Mediterranean-inspired collection promises to whisk taste buds away on a journey through various enchanting Greek islands.

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How Personalized Customer Experiences Drive Retail Growth and Revenue

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