Inside Retail

MARCH 14, 2024

Revo Sunglasses return to independence Revo Sunglasses was founded by Nasa astrophysicist and optical engineer Dr Mitch Ruda who asked himself the question, what if we used the coatings that protect satellites to shield our eyes from the sun? billion in 2019 and generated US$3.48 Then, it set up a direct-to-consumer channel. “It

Location 130

Location Wholesale Consumer Planning 130

Retail TouchPoints

SEPTEMBER 17, 2022

The Consumer Financial Protection Bureau (CFPB) is planning to start regulating buy now, pay later (BNPL) products. Apparel and beauty companies accounted for 80.1% of BNPL transactions in 2019 but fell to 58.6% of individual loans in 2021 saw at least some portion of the order returned, up from 12.2% in 2020.

Consumer 215

Consumer Payment Services Apparel Accounting 215

Retail TouchPoints

NOVEMBER 11, 2022

Additionally, Amazon has shut many of its physical stores aside from grocery, including bookshops and specialty stores, even though the retailer had a growth plan to nearly double its store footprint, according to people familiar with the plans.

Specialty Store 179

Specialty Store Planning Accounting Returns 179

Inside Retail

MAY 26, 2021

Abercrombie & Fitch reported a bigger-than-expected 61 per cent jump in first-quarter sales on Wednesday, as the apparel retailer benefited from shoppers returning to its stores and using its beefed-up online business.

Apparel 147

Apparel Accounting Returns Planning 147

Retail TouchPoints

NOVEMBER 3, 2022

A recent survey from retail research firm NPD showed that the share of consumers’ planned shopping for the holidays ticked up this year for in-store versus online, in contrast to a long-term decline, and major retailers like Walmart and Party City just announced plans to direct the majority of their holiday hires to work on store floors.

Accounting 262

Accounting Returns Management Advertising 262

Inside Retail

APRIL 22, 2024

According to a recent Euromonitor report, while consumer food-service value nears pre-pandemic levels in 2024, dining-in at restaurants will not return to pre-pandemic level until 2028 in Asia Pacific. By 2028, delivery is expected to account for 23 per cent of Asia Pacific food-service sales, compared to 21 per cent in 2023.

Kiosk 147

Kiosk Fulfillment Consumer Accounting 147

Retail Focus

JANUARY 24, 2023

The Bank of England has predicted that the United Kingdom is falling into a prolonged recession, with inflation not expected to return to its target level of 2% until 2024. Non-food retail was significantly down in 2022 when compared with 2019 figures. Market research shows retail food sales are expected to grow by around 5% in 2023.

Supermarket 130

Supermarket Accounting Marketing Returns 130

Inside Retail

NOVEMBER 22, 2022

In 2019, it brought in 233.5 billion at today’s exchange rates, accounting for close to a quarter of the revenue from the company’s department store business. This year, Isetan-Mitsukoshi projects sales to return to pre-pandemic levels and even beat the record set in 2018. trillion yen, still more than 10 per cent below 2019.

Department Stores 130

Department Stores Boutique Accounting Returns 130

Retail TouchPoints

NOVEMBER 3, 2021

The beauty brand is adding three new executives to its team: a CFO, an SVP of Retail and the new position of Chief Commercial Officer, who will help the team develop its plans for the future. Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams.

Finance 248

Finance Payment Services Accounting Returns 248

Retail TouchPoints

MAY 29, 2020

Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. Net income was $838 million compared to $906 million in Q1 2019, dragged down by $283 million in wage increases and sanitation-related costs. of its locations and plans to have all stores operational again by the end of June.

Department Stores 152

Department Stores Operating Expenses Store Operations Apparel 152

Retail TouchPoints

AUGUST 30, 2021

Retail rode strong into Q2 2021 as shoppers returned to stores even as digital sales remained elevated. I’m not an accountant, but stores are on the asset side of the balance sheet for a reason, and they need to be leveraged as much as possible to squeeze as much out of them as you can.”. compared to Q2 2019.

Consumer 312

Consumer Fulfillment Department Stores Sporting Goods 312

Small Biz Trends

JULY 6, 2022

The federal grand jury returned the indictment for the federal charges of wire fraud, money laundering and aggravated identity theft. Unsealed Indictment Returned. The indictment also alleges that Hayes claimed to have company expenses of $15,000 and equipment costs of $35,000 when the company had been inactive since 2019.

Accounting 98

Accounting Returns Planning ATS 98

Retail TouchPoints

JULY 30, 2020

Households with children in elementary and high school are set to spend an average of $789.49 , far exceeding the 2019 record of $696.70. There was a high degree of folks who were cautious about whether their kids were prepared for the next grade, so there may be a tendency to over-compensate and spend a little more than initially planned.

Merchant Services 250

Merchant Services Advertising Apparel Planning 250

Inside Retail

NOVEMBER 25, 2021

We asked the brand how it arrived at the decision, what it has learned from its previous efforts to leave Facebook and Instagram, and how it plans to stay connected with customers going forward. Our current plan is to come off the platforms that have chosen to ignore their own evidence, but we will return if they make their spaces safe.

Advertising 130

Advertising Accounting Beauty and Health Planning 130

Inside Retail

SEPTEMBER 6, 2022

Customers will be able to create accounts and list items for rent directly from the online checkout pages of participating brands, helping Designerex reach new customers and increase its inventory. The platform is doing triple the volume it did in 2019, its last normal trading year that wasn’t affected by Covid-19 lockdowns. .

Fashion 130

Fashion Checkout Fast Fashion Consumer 130

Retail TouchPoints

NOVEMBER 30, 2020

Brick-and-mortar sales — which will account for 81.2% Retailers will have to have a definitive plan to communicate order confirmations, delivery updates and delay notifications. Regardless, these communications will be crucial to whether holiday customers return throughout 2021. of total U.S. this year by two full years.

Drop-Shipping 159

Drop-Shipping Shipping Consumer Planning 159

Inside Retail

FEBRUARY 19, 2023

Homebase all over again However, Inside Retail has spoken with multiple former Catch employees who believe the problems started well before the pandemic and stem from Wesfarmers’ misguided attempt to change the DNA of Catch, which was profitable and growing when the retail giant acquired it in June 2019 for $230 million.

Management 246

Management Finance Planning Accounting 246

Retail TouchPoints

JULY 26, 2022

plan to start buying gifts earlier – the No. While we predict that ASP will increase monthly between 8% and 12% for the remainder of 2022, there is a silver lining for holiday shoppers: the return of discounting. Consumers expect brands to be honest about their carbon footprint, so be prepared to account for your emissions.

Drop-Shipping 278

Drop-Shipping Fulfillment Consumer Shipping 278

Retail TouchPoints

OCTOBER 21, 2021

Back in 2019, Google was on a mission to get sellers on its Google Shopping “surface,” and it looked like the company had ambitions of making a big marketplace play. In return Google gets to aggregate all that inventory , which inevitably drives more traffic and makes its core advertising business that much more attractive.

Merchant Services 294

Merchant Services Advertising Shopping Drop-Shipping 294

Retail TouchPoints

MARCH 29, 2021

Rollup firms are typically able to buy these Amazon businesses at anywhere from 4X to 6X EBITDA, sometimes less, according to Thomson: “As long as you manage to keep the same efficiency that any one of those accounts had when they were a standalone, you can get a 15X to 25X valuation on your company. There is massive financial arbitrage here.

Fulfillment 342

Fulfillment Accounting Planning Consumer 342

Retail Gazette

OCTOBER 5, 2023

On top of that, she has faced fierce criticism around her turnaround plan, which includes a focus on non-retail activities such as house building. Mark Price With John Lewis in peril, could we see Lord Mark Price return to the Partnership? His deep grocery experience could be vital in getting Waitrose back on form. Sound familiar?

Supermarket 112

Supermarket Department Stores Grocer Returns 112

Mass Relators

SEPTEMBER 19, 2022

WASHINGTON – More Americans plan to celebrate Halloween this year, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics, which found that holiday-related activity will return to pre-pandemic levels. Similar to last year, one in five plan to dress their pet up in a costume.

Planning 52

Planning Discount Store Returns Consumer 52

Inside Retail

SEPTEMBER 6, 2022

Figures from Euromonitor show that the number of convenience stores in Vietnam increased from just 565 in 2014 to 1289 by 2019 when revenues reached US$103 billion. Since the beginning of this year, the chain has opened 300 Winmart+ stores, with 800 more planned by the end of this year. A new Nova Market store: 450 planned initially.

Payment Services 130

Payment Services Supermarket Marketing Kiosk 130

365 Retail

JUNE 2, 2021

According to Salesforce 57% of online buyers are happy to exchange personal data in return for individually customised offers, discounts, and experiences, and note that personalisation is extremely important to them when choosing to buy from a company. . Fashion brands have the biggest opportunity for online personalisation.

Shopping 90

Shopping Fashion Returns Accounting 90

Mass Relators

OCTOBER 20, 2021

NEW YORK — As COVID-19 is set to impact yet another holiday season, a return to some pre-pandemic spending levels is expected to bring holiday cheer. A merry and bright holiday season, for some 2021 holiday spending intentions are approaching 2019 levels, signaling a return to our next normal.

Promotions 52

Promotions Planning Shopping Returns 52

Retail TouchPoints

JUNE 24, 2021

increase in online sales in Q3 2020 compared to the same time in 2019. Most don’t know that retail in the theme park business can account for its highest profit margins, and that it has been crucial to sustaining a volatile and high-overhead industry for 60+ years. Census Bureau reporting a 36.7%

Returns 150

Returns Location Outdoor Accounting 150

A1 Retail

JANUARY 10, 2022

Since reopening in April last year, Icon Outlet reported an increase of 5% like-for-like sales compared to 2019 as well as weekly average sales up 17.5%. This compares to 24% during the same period in 2019. In addition, fashion and sports category sales alone have grown by 10%.

ATS 52

ATS Accounting Fashion Returns 52

Inside Retail

JULY 19, 2022

Interestingly, Diptyque is continuing to expand even further into the home – or rather, make a full circle return to it. million in 2019 and is expected to exceed $532 million next year. . “We Diptyque is a pioneer in home fragrances and it’s motivating to have dynamic competition.”.

Home Furnishings 130

Home Furnishings Department Stores Fast Fashion Outdoor 130

Retail TouchPoints

OCTOBER 23, 2020

Department of Commerce, online sales steadily increase each year, yet they accounted for only 16% of total retail sales , or $602 billion sales out of $3.763 trillion total sales in 2019. A worst-case scenario for retailers occurs when shoppers leave their stores disappointed or frustrated because they may not return.

Shopping 209

Shopping Returns Location Consumer 209

A1 Retail

MAY 10, 2022

per cent in April compared to the same period in 2019* – the highest uplift since October 2021 – with the travel sector seeing its best month since before the pandemic. per cent compared to the same period in 2019, representing a small uplift from last month (17.5 per cent, department stores returned to growth (1.3

Consumer 75

Consumer Beauty and Health Finance Department Stores 75

Retail TouchPoints

SEPTEMBER 17, 2020

With this accountability comes the need to think deeply about how all customer touch points connect to deliver an agile, profitable and personal experience that resonates with each and every customer. Today’s retail CMO is responsible for the entire customer experience — not just branding and messaging.

Checkout 183

Checkout Customer Experience Marketing Fulfillment 183

Inside Retail

NOVEMBER 8, 2021

According to my estimates, based on tourism spending in 2019, Asian retailers, excluding those in mainland China, will be on the receiving end of a US$170 billion ($229.8 Malaysia is accelerating its own reopening plan, announcing that its international doors may now open a crack in November, rather than December, as was mooted earlier.

Planning 130

Planning Accounting Shopping Returns 130

Retail Gazette

OCTOBER 19, 2023

Rascal Clothing was withdrawn from the deal due to one of the founders exercising a pre-emption right, which was agreed upon as part of JD’s acquisition in February 2019 but the sporting group said it expects the divestment of Topgrade Sportswear to also be completed in due course. pre-pack administration deal in August 2019.

Fashion 65

Fashion Fast Fashion Planning Boutique 65

A1 Retail

APRIL 12, 2022

per cent in March compared to the same period in 2019*, as Brits took advantage of the sunnier weather and lifting of all remaining Covid restrictions to visit pubs, dine out, and update their wardrobes in preparation for the months ahead. per cent compared to the same period in 2019. per cent respectively compared to 2019.

Consumer 40

Consumer Finance Outdoor Supermarket 40

365 Retail

DECEMBER 7, 2021

At the start of the pivotal Christmas shopping period more than 26,000 seasonal job vacancies are currently live across the UK – a figure approximately 25% higher than the figure recorded in 2019, before the start of the pandemic – with many retailers offering significant Christmas bonuses to attract temporary staff 1.

Employee Engagement 52

Employee Engagement Planning Customer Experience Consumer 52

365 Retail

FEBRUARY 23, 2022

As the last couple of years have shown, the normal rules of planning two or three years into the future simply don’t apply anymore. There’s less willingness from consumers to make trips out, evident even around Christmas where footfall was down 32% in 2021 from 2019 levels. . Going back to basics.

Consumer 52

Consumer Point of Sale Planning Management 52

Indigo 9 Digital

APRIL 28, 2023

Since this concept has had great success Chipotle plans to add Chipotlanes to 90% of its stores going forward. “By By 2019, we saw promise in the concept,” said Tabassum Zalotrawala, Chipotle’s chief development officer. “We Last year 60% of Chipotle’s rewards were personalized and Chipotle plans to increase that percentage this year.

Accounting 52

Accounting Location Planning Advertising 52