Tue.Apr 23, 2024

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JD Sports Strengthens U.S. Footprint with $1.1 Billion Acquisition of Hibbett

Retail TouchPoints

UK-based sports retailer JD Sports Fashion has agreed to acquire athletic fashion retailer Hibbett for $87.50 per share, representing an aggregate value of approximately $1.1 billion , in a deal unanimously approved by the Hibbett board. JD Sports entered the U.S. in 2018, when it acquired Finish Line for $558 million. This latest acquisition will add 1,169 Hibbett , City Gear and Sports Additions stores operating across 36 states to JD Sports’ roster of more than 3,400 stores in the UK, Europ

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Cooking Oil Recall Issued Due to Packaging Issue

Retail Wire

The FDA has issued a nationwide recall of Primal Kitchen Avocado Oil, affecting more than 2,000 cases of cooking oil. The recall was initiated due to a packaging issue involving the potential breakage of the glass containers, posing a safety risk to consumers.

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Workwear meets streetwear: Hard Yakka and Thrills collaborate in new label

Inside Retail

Hard Yakka and Thrills have teamed up to launch a new standalone brand, Hard Yakka Create. The brand’s first collection comprises 32 wardrobe items and six accessories, which the brands say deliver both essential staples and fashion-forward pieces to fit any style. Hard Yakka Create combines Hard Yakka’s history and Thrills’ modern streetwear edge.

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2024 VM and Display Show: A Fusion of Creativity, Sustainability, and Retail Innovation

Retail Focus

The 2024 Visual Merchandising and Display Show, hosted on April 16-17 at the Business Design Centre in London, provided a comprehensive look at the future of engaging retail spaces through innovative design and display. The exhibition showcased an incredible range of products and technologies designed to redefine the potential of physical retail spaces.

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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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How Japan’s love for denim is influencing Levi’s premium collections

Inside Retail

The brand that invented blue jeans, Levi’s, is reaching back into its archives to sell denim fans a piece of history with its premium Levi’s Vintage Clothing (LVC) offering. Looking back in time to drive future growth is an opportunity afforded to few brands but Levi’s rich history – the business was founded in 1853 in San Francisco by Levi Strauss – offers endless stories and inspiration for the LVC collections.

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Saks.com Launches Retail Media Network

Retail TouchPoints

Saks has joined peers like Nordstrom and Macy’s by launching a retail media network that will enable its brand partners to connect more directly with the Saks customer base through digital advertising. As Saks noted in its announcement, the retailer is one of the first in the luxury space to introduce a retail media offering. This first-mover status was likely enabled by Hudson Bay Company’s decision to split the Saks Fifth Avenue brick-and-mortar and ecommerce offerings into two separate compan

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Amazon Rolls Out Grocery Delivery Subscription Nationwide

Retail TouchPoints

Following a pilot in three U.S. cities, Amazon is making its grocery delivery subscription available to all Prime members in the U.S. For $9.99 a month, Prime members will now have access to unlimited grocery delivery on orders over $35 from Amazon Fresh , Whole Foods Market and a variety of local grocery and specialty retailers, as well as number of other delivery and fulfilment options.

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JD Sports Bids for Hibbett in $1.08 Billion Deal

Retail Wire

JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK's largest sportswear retailer grow in the southeastern United States.

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FTC Looks to Block Tapestry’s $8.5 Billion Acquisition of Capri Holdings

Retail TouchPoints

Saying that Tapestry ’s planned purchase of Capri Holdings would eliminate head-to-head competition in the “accessible luxury” handbag market, the Federal Trade Commission (FTC) has authorized a lawsuit to block the $8.5 billion deal. The acquisition plan, announced in August 2023 , would bring together some of the most iconic names in luxury, uniting Tapestry’s Coach, Stuart Weitzman and Kate Spade brands with Capri’s Versace, Jimmy Choo and Michael Kors labels.

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Rivian Offers $5K ‘Electric Upgrade’ Discount to Customers With Select Gas-Powered Vehicles

Retail Wire

Rivian is offering customers with gas-powered Ford and Toyota SUVs and trucks discounts of up to $5,000 on its EVs, along with a year of complimentary charging.

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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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John Lewis Partnership finance boss Bérangère Michel resigns

Retail Gazette

John Lewis executive finance director Bérangère Michel has resigned from the Partnership after 16 years. Michel will step down from her post in the autumn after deciding “to pursue her future career options outside of the partnership”. Her departure is the first major change to John Lewis Partnership’s executive team since former Tesco boss Jason Tarry was named as chair Dame Sharon White’s successor.

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Tesla Slashes Prices in US, China, and Germany To Battle Rising Competition

Retail Wire

Following significant price cuts in the U.S., Tesla has revealed that similar reductions will be applied in China and Germany as well.

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Primark rolls out click-and-collect as profits soar

Retail Gazette

Primark is expanding its click-and-collect service to all British stores by the end of 2025 as its first half profits surge. Pre-tax profit across owner Associated British Foods surged 37% to £881m while the fashion retailer experienced a “significant increase” in adjusted operating profit, up 46% to £508m. Primark’s sales jumped 7.5% to £4.5bn in the 24 weeks to 2 March, as like-for-like sales edged up 2.1%.

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2024 Toyota Tacoma Hybrid: A Closer Look

Retail Wire

Toyota has unveiled the 2024 Tacoma Hybrid, and it's making waves in the midsize pickup segment.

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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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Philip Morris unveils new HEATWAVE OPEN digital trade engagement platform

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Philip Morris Limited (PML) has unveiled HEATWAVE OPEN, a cutting-edge Digital Trade Engagement Platform designed to bolster online support for convenience retailers stocking IQOS, the world’s number one heated tobacco device.

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High-Speed Rail Linking Las Vegas to Southern California Is Underway

Retail Wire

Ground has been broken for a new high-speed rail line connecting Las Vegas to Southern California.

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Tesco faces scrutiny over ‘Amazon-style’ fee for online suppliers

Retail Gazette

Tesco is under scrunity from the UK’s supermarket regulator, which is is closely monitoring its implementation of an “Amazon-style” fulfillment fee for online suppliers. The Grocery Code Adjudicator has been monitoring the UK grocery giant and put in place “assurance” processes after it said it would start charging suppliers extra to sell online last year.

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Amazon Ends Drone Delivery in California, Here’s Where It’s Going Next

Retail Wire

This new location will allow for quicker, same-day delivery.

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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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Carpetright unable to trade after cyber attack

Retail Gazette

Carpetright has been unable to trade online or in-store for almost a week following a cyber attack. Hackers targeted the flooring specialist’s head office in Purfleet, in Essex, last week by sending malware to gain unauthorised access. Staff told The Times that customers had been unable to place orders on its website or at any of its 400 shops since last Thursday when systems were taken down.

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Disney Technology Executive Leaves Company for Personal Reasons

Retail Wire

Aaron LaBerge will stay on at Disney until June 2024.

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Primark to Roll Out Click + Collect Service Across All Stores in Great Britain by 2025

365 Retail

Primark is set to extend its Click + Collect service to every store across Great Britain by the end of 2025, following a successful 18-month pilot. The expansion will commence later this year, incorporating all 184 stores in England, Scotland, and Wales. With this expansion, Primark will also broaden the range of products available through Click + Collect.

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In pictures: JD Sports unveils its biggest-ever store in Westfield Stratford City

Retail Gazette

JD Sports has unveiled its biggest store to date as it reopens its flagship in London’s Westfield Stratford City. The sports retailer has given its unit in the shopping centre a “digital uplift” and extended its retail floor by 4,000sq ft, taking its total space to 27,915 sq ft. JD Sports says the store, which now sits across two floors, promises to deliver “a seamless and immersive shopping experience”.

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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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Retail data expert Reapp adds Waitrose to platform

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Retail data brand Reapp has added Waitrose & Partners to the list of major UK retailers available on its AI driven platform, Reapp Insights. Reapp Insights helps brands and retailers understand what products are selling, where and when.

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The Cotswold Company launches home delivery in Northern Ireland

Retail Gazette

The Cotswold Company has expanded its premium delivery service to Northern Ireland as it looks to grow its presence across the UK. The luxury furniture retailer said the online expansion will allow it to pursue new growth opportunities as it aims to become one of the nation’s leading lifestyle homeware brands. It has “carefully selected” a local delivery company to service its Northern Ireland customers and ensure that large items are taken to the right room with all packaging removed and recycl

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Registration opens for the biggest Home & Gift show in years!

A1 Retail

UK retail’s summer sourcing festival is back – and thriving! Registration is now open for Home & Gift’s 2024 edition, which returns to the Harrogate Convention Centre and grounds of the DoubleTree by Hilton Majestic Hotel from 21 st – 24 th July 2024. Once again Home & Gift will showcase hundreds of top brands across a new, expanded footprint, hosting over 15 percent more exhibitors than 2023.

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Asda seeks £2.6m refinancing to relieve debt as it dismisses sale talks

Retail Gazette

Asda chief financial officer Michael Gleeson has dismissed reports that its owners are looking to sell the supermarket. Gleeson told The Times that the grocer’s billionaire owners the Issa brothers and private equity firm TDR Capital had a track record “of growth and investing for the long run”. He said: “They don’t tend to be in and out of companies — they hold their positions in companies for significant periods of time.

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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

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The Cotswold Company expands to Northern Ireland

A1 Retail

The Cotswold Company, the digitally-led handcrafted furniture and homeware brand, is delighted to announce that it has expanded its premium delivery service to serve customers in Northern Ireland for the first time. Founded in 1996, The Cotswold Company sells thoughtfully designed, carefully crafted premium furniture and accessories. All products are based on timeless design, created to be functional and champion traceable timber that is built to last.

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Former Revolution Beauty investor pursues £45m claim as it accuses brand of ‘deceit’

Retail Gazette

Revolution Beauty is set for a legal battle as a former investment has filed a claim of over £45m as it accuses the business of “deceit” Chrysalis Investments bought a £45m stake in the company in July 2021, but sold its shares for £5.7m in 2022 after Revolution’s value collapsed. It has since accused the beauty group of “deceit, negligent misstatement and/or misrepresentation” at the time of the share purchase.

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Out & About: The VM & Display Show 2024

365 Retail

The 2024 Visual Merchandising and Display Show, conducted on April 16-17 at the Business Design Centre in London, showcased developments in the retail design sector through an array of innovative designs and technologies. The event featured a diverse assortment of products designed to expand the potential of physical retail spaces. The show floor, noted for its broad range of display items, included the latest advancements in mannequins, props, festive decorations, 3D designs, garment hangers, a

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JD Sports to acquire US rival Hibbett in £899m deal

Retail Gazette

JD Sports has agreed to acquire US sportswear brand Hibbett for £899m in a bid to speed up its US expansion. The sporting retailer said the move will accelerate its growth plans in North America, strengthen its Complementary Concepts division and brand partner relationships, and increase the size of its platform to support the continued rollout of JD Sports in the US.

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Planning the Architecture of Your Modular DXP

Are you considering moving away from a monolith platform and over to composable architecture? Join experts from Google Cloud, GroupBy, and Orium as they discuss the benefits of moving to a modular digital experience platform. In this masterclass, uncover key indicators that show your brand is ready for a modular DXP, and learn how to lay the foundation for composable commerce.