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When filling new positions, look out for employees with previous experience at stores and brands that use experiential retail, like Nike, Farfetch and Glossier, and ask the right questions: How do you see us bridging the gap between online and offline grocery shopping? What experiences are you looking for at the grocery store?
“We’re excited to expand our Amazon partnership to our FoodMaxx banner, allowing shoppers to gain access to exceptional quality fresh and local produce, meat and seafood, all at low prices shoppers need now more than ever,” said Tamara Pattison, Chief Digital Officer at The Save Mart Companies in a statement. “We
The Container Store has emerged from Chapter 11 bankruptcy protection as a private company owned by its supportive lenders, according to a site the retailer has created. The move is part of a reorganization plan that was approved by the U.S. Bankruptcy Court on Jan.
According to the latest Walk the Strip report from Fitzroys, there has also been a notable increase in food and beverage, service retail, and specialtyretail across these local shopping precincts. The 2022 report saw Melbourne’s strips bounce back after Covid-19, and they have been sitting at below average vacancy-rates since.
The worlds largest retail real estate owner and operator, Simon Property, reported results for the first quarter on May 12. And tariffs were, if not at the very top of investors minds, certainly close to it. Real estate funds from operations (FFO) were virtually flat for the quarter at $1.11 million, and up 2.1
BBRC International, the private investment firm of Australian billionaire Brett Blundy, has voiced its concern about several performance issues at Victoria’s Secret in a letter sent to the latter’s board ahead of the quarterly earnings conference call. BBRC, which holds a 12.9 BBRC stressed that Victoria’s Secret stock has been down 64.1
Munro Footwear Group has bought specialtyretailer The Trybe from The Accent Group, marking its 10th acquisition in 10 years. The Trybe has 16 stores and offers kids’ shoes from global brands such as Nike and Asics, as well as other popular on-trend and utility brands.
JFK Millennium Partners (JMP) will work with Avolta company retailers Dufry and Hudson to operate duty-free, travel and specialtyretail stores in more than 28,000 square feet of space in the new state-of-the-art Terminal 6 at JFK Airport, scheduled to open in early 2026.
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 specialtyretailers, as well as number of other delivery and fulfilment options. per month.
Retail Group. The iconic brand also will expand to cruise ship and airport venues, with its first airport store scheduled to debut at Dallas/Fort Worth International Airport in November 2023 via a partnership with Duty Free Americas. WHP Global will roll out flagship-style Toys ‘R’ Us stores throughout the U.S.
The specialtyretailer disclosed those departures at the same time as it put out a separate release on its first quarter earnings, which showed a drop in revenues and a widening net operating loss. Vera Bradley (Fort Wayne, Ind.) announced that its CEO and CFO are leaving. Overall, the enterprise has 1200 stores in the U.S.,
Nike has reportedly closed its accounts with DSW , Urban Outfitters , Shoe Show , Dunham’s Sports , Olympia Sports and Big 5 Sporting Goods as the retailer pulls out of specialtyretailers and department stores, according to Forbes and other media outlets. These aren’t the first retailers to lose Nike as a supplier.
New additions and promotions at Beyond include: Guncha Mehta joins as Chief Digital and Information Officer. Prior to that she was at the legacy Bed Bath & Beyond company and also held merchant leadership roles at JCPenney and Dollar Tree. having spearheaded development of the IR program at Overstock in 2020.
“We are excited to work with Best Buy to bring independent, third-party measurement to Best Buy Ads and to Best Buy ad campaigns across the open web,” said Mark Zagorski, CEO at DoubleVerify in a statement. Retail media networks are a lucrative business — Walmart reported revenue of $2.1
In partnership with Dexus – property manager of Wilsons – the supermarket has signed a lease for a 2252sqm space at the Willows Shopping Centre and will offer shoppers a range of grocery products, fresh produce, and bread delivered daily.
Private equity firm Sycamore Partners has completed its acquisition of Chico’s FAS in an all-cash transaction valued at $1 billion. KnitWell is a best-in-class operating enterprise in the world of vertical specialtyretail,” said Lizanne Kindler, Executive Chair and CEO of KnitWell Group in a statement.
Department stores, specialtyretailers and luxury brands alike will display their holiday spirit using best-in-class design and storytelling strategies to draw these shoppers in. The awards will be announced at the PAVE Gala on December 8, 2022 In New York City, as well as on RetailTouchPoints.com.
Australian specialtyretailer Dusk, has reported poor sales based on unaudited management accounts for the first half of the financial year. Inventory at the half was recorded at $19.6 In a trading update, the company said sales fell 12 per cent to $80 million compared to $90.9 million in the first half of FY21 and $59.6
and one of five the specialtyretailer plans to launch in its fiscal 2023, which ends March 30, 2024. At the end of our second quarter, this adoption was averaging 39% of sales per store.
New entrants are gaining market share, and cross-shopping behaviour among consumers is at an all-time high, ensuring strong competition within the industry. For example, Amazon has substantially grown and has introduced more than 6000 product lines that overlap with our offering, significantly increasing competition from a new source.
King has more than 30 years of experience in retail across department stores, specialtyretailing and premium global brands in the US and UK. In what will be more than six years at the end of his tenure, John will have delivered a remarkable turnaround in the positioning and performance of the business.”
In its 32 locations across 12 states, outdoor specialtyretailer Sun & Ski Sports can easily share customer-facing content that’s specific to the season and its stores’ individual regions, via a partnership with Carousel Digital Signage. Director of Brand Marketing at Sun & Ski Sports in a statement. “I
For an all too brief period, the Alceon investment house achieved its ambition to be the largest womens fashion specialtyretailer in Australia. The only problem was the nine retail brands trading from around 1350 stores were a house of cards with a flawed investment play without retail smarts. million in 2006 to a $7.8
The department store retailer took a similar route by dividing Saks Fifth Avenue into distinct ecommerce and brick-and-mortar companies — a move that could become a trend among apparel and specialtyretailers. Saks OFF 5TH provides a compelling assortment of brands to fashion-seeking customers at the best prices.
Nedap (AMS:NEDAP), the global leader in RFID solutions, is pleased to announce a new partnership with Tillys, a leading specialtyretailer of casual apparel, footwear, and accessories. Tillys has always been at the forefront of innovation in digital retail, and their dedication to enhancing the shopping experience is evident.
Property developer Tipalea says construction of its Glebe Hill Village retail centre in metropolitan Hobart is now complete. The centre spans 5900sqm and includes 18 specialtyretailers. The post Tasmania’s first new neighbour centre in a decade opens at Glebe Hill appeared first on Inside Retail.
In the world of specialtyretail, where passion and a deep understanding of niche products and services meet, the quest for providing an exceptional shopping experience for your unique clientele becomes the heart and soul of every decision you make. So, jump into the future of specialtyretail with Rain Retail Software!
Before the pandemic, retail crime mostly meant shoplifting — sneaky folks trying to swipe products without getting caught. This new wave of aggression is putting employees, customers and store property at risk. The Changing Landscape of Retail Crime With this shift in crime, store owners and managers are facing new challenges.
The company also continues to grow its resale-as-a-service offering, with specialtyretailer Francesca’s tapping ThredUP to power its new resale offering. Gen Z’s passion for sustainability continues to be at odds with their fashion consumption habits,” said Erin Wallace, VP of Integrated Marketing at ThredUP in a statement.
Rents still heading up but sales productivity is treading water Sales productivity is still marooned: at Simons domestic malls and premium outlets, specialtyretailer sales per square metre were $7951 in 2024, down from $8016 per square metre in 2023. per cent at the end of the year. It also delivered 16 redevelopments.
At launch, our community responded incredibly well, inspiring me to expand on what we call our “New Way to Updo” formula — combining 100 per cent silk and inclusive sizing. With the need for inventory to sell to retailers, it can be tough accessing that capital. MH: Retail is changing.
But as this part of the industry grows more crowded, DTC retailers are finding it tougher to make their mark. Many retailers and brands still believe, ‘There’s no other company out there like us,’” said Brendan Witcher, VP and Principal Analyst at Forrester. Selection alone is no longer a sufficient differentiator.
Specialtyretailer rue21 plans to open 15 stores in 2021, following the recent openings of three new brick-and-mortar stores. The retailer, which operates nearly 700 locations in 45 states, also has refinanced its existing term loan, increased available liquidity and lowered its cost of capital. . million members. ”
Department stores, specialtyretailers and luxury brands alike embrace these spaces to create wondrous experiences and inspire shoppers, and it is the design and creative teams that help bring these experiences to life. Submit your nomination now!
“Backcountry is a leader in the outdoor space and is one of the fastest-growing online specialtyretailers,” says Greg Petro, CEO and Founder of First Insight in a statement.
Earthletica Co-founded by competitive swimmer and Olympic gold medallist Bronte Campbell in 2020, Earthletica is an activewear brand that places sustainability at the forefront of every step of its production process. We always talk about raising the bar for quality, innovation and sustainability, Campbell told Inside Retail.
This is a comprehensive approach that extends beyond online sales to encompass various critical aspects of retail operations, with inventory management and pricing at its core. In retail, some of the promising applications include demand planning and forecasting, as well as store layout optimisation, all of which drive growth.
If ambient lighting is 50 foot-candles (fc), for example, signs should be lit at 100, or even 150, fc. Script is difficult to read at distances beyond two-and-a-half feet, and it can feel archaic. Demonstrating brand personality is a great idea, but it shouldn’t come at the cost of shopper comprehension. Use color strategically.
“I think that that people are sort of leaning into the fact that we’re not going to get things to be the way that we want them as soon as we’d like,” said Ericka Podesta McCoy, CMO at Resonate in an interview with Retail TouchPoints. Contactless Is Important, But Don’t Let It End At Curbside Pickup. In fact, 50%.
Two years ago, Smith and the team at Zero Co embarked on a research project and eventually a relaunch that would scale the brand to reach its goal at a more urgent rate. It looked at every sustainable material from seaweed to algae and sugarcane to molded fibre.
The winter holiday season is a critical time for retail. November and December holiday sales average around 19% of total retail sales, per the NRF , and this share can be even higher for some department stores and specialtyretailers. Emarketer anticipates that holiday retail sales will grow 4.5% billion online!
When it comes to consolidation and specialisation, we expect to see more big retailers launch or acquire specialty marketplaces to capture the growing long tail of e-commerce. This has already started unfolding in the Australian market, which has historically been much more supportive of specialtyretailers.
Look closely at the latest crop of newly launched store brands in grocery and retail. By contrast, specialtyretailers with dominant master brands and relatively consistent site and market criteria — Whole Foods, Trader Joe’s and Wegmans come to mind — need not be chameleon-like at all. Alas, not quite yet.
Business Specific Analytics and AI for SpecialtyRetail. The word “retail” gets used interchangeably as if all retailers are all the same. That’s why specialtyretail analytics software needs to be flexible and powerful enough to work with unique business cases and considerations. Not that much.
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