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Morrisons full-year profit rise bolstered by ‘strongest’ quarter since 2021

Retail Gazette

Morrisons boss Rami Baitih said its been a year urgent reinvigoration as the supermarket reported its strongest quarter since the start of 2021. The improvements across the business have resulted in better availability in our stores, sharper prices, more effective promotions and a strong and growing loyalty scheme.

Grocer 115
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Tailored Brands Promotes Top Insider to CEO Post

Retail TouchPoints

Tighe, who joined Tailored Brands in May 2021 as EVP and Chief Customer Officer, will replace Peter Sachse, who will become Executive Chairman of the company’s board. In March 2022 Tailored Brands named Sachse and Bob Hill Co-CEOs, positions they had held on an interim basis since the March 2021 departure of CEO Dinesh Lathi.

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Macy’s Delays Q3 Earnings to Investigate Financial Irregularity

Retail TouchPoints

Following an independent investigation and forensic analysis, Macy’s said it identified “a single employee with responsibility for small package delivery expense accounting” who had intentionally made erroneous accounting entries to hide approximately $132 to $154 million in delivery expenses from Q4 2021 to this current quarter.

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How Prada and Miu Miu are tapping into a younger crowd through Snapchat Bitmoji

Inside Retail

In translating its latest collection into Bitmoji avatars, Valentino promotes individual expression and fosters an ever more global community through the brand’s most iconic motifs.” The Prada Group first partnered with Snapchat in 2021, with its Bag Try-On AR Lens that enabled customers to virtually ‘test-wear’ the Prada Galleria style.

Fashion 277
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David Jones, LSKD reveal how their Black Friday sales are performing so far

Inside Retail

The Black Friday Cyber Monday sales period has expanded to become ‘Black November’ this year, with many retailers and brands starting their promotions earlier than ever. Since 2021, LSKD has joined in on the “Black November” sales period, starting its discounting earlier each year. This presents a predicament for retailers.

Markdowns 241
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American Eagle Leverages Expanded, Shoppable ‘Snap Map’ Listings for Back-to-School

Retail TouchPoints

They say location is everything in retail, and so American Eagle is leveraging Snap Map — the Snapchat map program — to promote its physical locations while also providing “Snapchatters” with a mobile shopping experience on its website. More than 800 American Eagle stores are now featured as Promoted Places on Snap Maps.

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Why Master Data Management Should be on Every Retailer’s IT Roadmap for 2025

Retail TouchPoints

billion in 2021 to $40.88 Of those businesses that improved their data quality in 2021, 75% exceeded their annual objectives in some way. Ensuring that product availability, pricing and promotions are perfectly aligned across all channels reduces customer frustration and improves conversion rates.