Inside Retail

MAY 18, 2023

Premium home fragrance retailer Dusk Group says an “increasingly cautious consumer environment” has impacted sales growth. In a trading update citing unaudited accounts, the business said it expects sales to be in the range of $135 million – $137 million while pro forma EBIT will be around $16 million – $17 million. Group CEO and MD, Peter King, said the mounting cost of living has impacted the disposable income levels of customers.

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Retail TouchPoints

MAY 18, 2023

Zeropark offers commerce media solutions, targeted at retail brands and agencies looking to drive incremental performance and efficient sales with sustainable, cookieless and 100% brand-safe advertising. The solution provider aims to streamline high-intent consumers toward promoted brands by creating shoppable opportunities during the key moments of their buying journey.

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Advertising Promotions Management Consumer 243

Inside Retail

MAY 18, 2023

Pizza Capers founder Anthony Russo built something of a franchising empire over the years. Starting with one restaurant in Kenmore, he developed the business to over 120 international locations, before selling to the Retail Food Group for $30 million in 2012. Coming out of retirement, he has joined Gnocchi Gnocchi Brothers founders Ben Cleary-Corradini and Theo Roduner, and entered the business as “gnocchi whisperer” and hands-on investor.

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Location Supermarket Planning Marketing 246

Retail TouchPoints

MAY 18, 2023

Meta is testing a promotional ads capability, with the goal of making it easier for shoppers to discover, manage and apply digital promotions to their purchases as well as expanding the number of options for its lead ads product. Meta has found that 85% of shoppers actively seek out promotions and other offers before making a purchase, and the new promotional ads format aims to make it easier to help them find deals while enabling retailers to complete more sales.

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Promotions Consumer Advertising Marketing 234

Speaker: Loreal Lynch, 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.

Checkout

Retail Focus

MAY 18, 2023

Shopping centres are so much more than a place to purchase a new outfit or a loved one’s birthday gift. In recent years, they’ve become an exciting social hub that serves in strengthening communities and shaping urban areas. Online shopping continues to grow even post-pandemic, meaning it’s never been more important that these complexes continue to differentiate themselves from online retailers, cementing their place in society.

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Shopping Consumer Management Marketing 162

Retail TouchPoints

MAY 18, 2023

Touchland was founded on the belief that common acts of personal care should feel luxurious, not like necessary chores. Thanks to its core product — stylishly packaged, “beauty forward” hand sanitizers crafted in partnership with the well-known Givaudan perfume house — the brand achieved a $60+ average order value (AOV) from its inception in 2018.

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Retail TouchPoints

MAY 18, 2023

While retail sales may currently be bouncing back at a rate faster than predicted — increasing by 1.2% between January and February of 2023 — they are still some way behind the comparative period of 2021. To continue on a positive trajectory, the retail sector must focus on the growth being driven by consumers’ continued adoption of online shopping.

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Advertising Promotions Checkout Marketing 219

Inside Retail

MAY 18, 2023

British luxury fashion group Burberry has reported US$3.72 billion in revenue for the year to April 1, with Q4 comparable store sales surging 16 per cent, according to its preliminary results. “We have delivered a strong financial performance, supported by good progress in our core leather goods and outerwear categories, with revenue accelerating in the fourth quarter as growth rebounded in Mainland China,” said Jonathan Akeroyd, CEO of Burberry.

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Fashion Accounting Returns Planning 130

Retail TouchPoints

MAY 18, 2023

SHEIN has officially launched its Europe, Middle East and Africa (EMEA) headquarters in Dublin City Centre, Ireland and is planning to host approximately 30 pop-up store events across the region this year to boost its profile with customers. The news comes as fellow Asia-based discount shopping app Temu picks up steam in the U.S., where monthly active users of Temu surpassed SHEIN for the first time in April 2023, according to Sensor Tower.

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Planning Marketing Net Profit Finance 211

Inside Retail

MAY 18, 2023

Toys “R” Us CEO steps back Rakshnna Pattabiraman The Group CEO and MD of Toys ‘R’ Us Louis Mittoni has resigned but will continue to assist the company during the coming six months as it seeks a replacement. Mittoni is the largest shareholder in the ASX-listed company and will remain on the board as an executive director while serving out his notice period.

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Supermarket Management Promotions Marketing 130

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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.

Management

Retail TouchPoints

MAY 18, 2023

Just nine months after taking on the dual role of Chief Financial Officer and Chief Operating Officer at Torrid , Tim Martin has resigned “to pursue other opportunities,” effective May 26, 2023. His responsibilities will be handled by other executives at the apparel, intimates and accessories retailer. Paula Dempsey, SVP of Finance and Investor Relations, will take on the role of interim CFO until a permanent successor is named.

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Finance Accessories Apparel Management 196

Inside Retail

MAY 18, 2023

No matter how established you are, the thought of standing at the front of the room to speak to your colleagues or clients is enough to drive even the most hardened professional to reconsider their life choices. The fear, the nervousness, the excitement. What if something goes wrong? What if it goes right! It’s all about the fear factor Having taught presentation skills to the corporate market for the last 20 years, one of the most common questions people come up with is how do they get their mi

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ATS Marketing Management 130

Retail Wire

MAY 18, 2023

Quest Diagnostics screened more than six million job seekers for marijuana last year with 4.3 percent coming back positive, up from 3.9 percent in 2021. That’s the highest positivity rate since 1997. More than two-thirds of states have legalized marijuana for medicinal or recreational use and fewer employers now screen for the drug.

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Inside Retail

MAY 18, 2023

The administrators of Jenny Craig’s Australian and New Zealand subsidiaries say they are in negotiations with several parties interested in buying the business. In an update to creditors regarding the sale process, administrator Vaughan Strawbridge of FTI Consulting, said the sale process is well progressed. “We are working with a number of parties who are interested in taking the businesses forward.

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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.

Customer Experience

Retail Wire

MAY 18, 2023

Walgreens has reached a $230 million deal with San Francisco to settle a lawsuit that blamed it for “substantially contributing” to the opioid crisis in the city. The drugstore chain said the settlement was not an admission of wrongdoing.

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Inside Retail

MAY 18, 2023

It’s no secret that redundancies have been occurring across tech, retail and e-commerce recently – see Catch , Milkrun and The Iconic. Unfortunately, this is nothing new. More than one in four Australians (26 per cent) have had their role made redundant at some point in their working lives. Various reasons for this can be cited, including concerns about the economic outlook, shifts in business priorities and the need to reduce ongoing costs.

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Finance Advertising Marketing ATS 130

Retail Wire

MAY 18, 2023

Shein is opening a pop-up store inside The Venetian Resort in Las Vegas. The pop-up, which will operate from 11 to six on May 25 to May 28, will feature Shein’s Icon, Bae and Curve brands, among others. Shein hosted a pop-up last year at Resorts World Las Vegas.

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ATS 130

Intelligence Node

MAY 18, 2023

What is Loss Leader Pricing, & Why do Retailers Implement it? Loss Leader pricing is a pricing strategy in which a company intentionally offers a product or service at a. The post Implementing an Effective Loss Leader Pricing Strategy appeared first on Blog.

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ATS 104

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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.

Point of Sale

Retail Wire

MAY 18, 2023

Walmart posted a 7.4 percent gain in U.S. same-store sales, well above the 5.1 percent gain expected by Wall Street. The company also lifted its annual earnings guidance from $6.10 to $6.20 per share, up from $5.95 to $6.05. “It’s a great time to be a merchant,” said Walmart CEO Doug McMillon.

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Retail Times

MAY 18, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! John Lewis and The Floor Room have announced an exclusive partnership, to create an exciting new fitted flooring offer across the retailer’s department stores and online. Under the agreement, the flooring specialist will take over responsibility for all of John Lewis’ fitted flooring, from customer consultation to installation.

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Department Stores 111

Retail Wire

MAY 18, 2023

Montana became the first state in the nation to ban TikTok from operating within its borders. The ban, which will take effect on Jan. 1, prohibits app stores from offering the app in the state. The ban is expected to face legal challenges.

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Shopping Center

MAY 18, 2023

Gaithersburg, Md. — WRS Real Estate Investments has successfully rezoned a 100-acre site in Gaithersburg that houses Lakeforest Mall. The Gaithersburg City Council approved the rezoning of the site for mixed-use as well as a sketch plan of the future… The post WRS Rezones 100 Acres at Lakeforest Mall in Gaithersburg, Maryland for Mixed-Use Village appeared first on Shopping Center Business.

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ATS Planning Shopping 111

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

Management

Retail Wire

MAY 18, 2023

Bath & Body Works has raised prices on select items, which may have hurt sales but helped to protect margins. The retailer expects sales to be flat to down slightly this year, with earnings ranging between $2.68 and $3.08 a share, up from its previous guidance. The earnings consensus among analysts is $2.89 a share.

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Retail Dive

MAY 18, 2023

Cheap groceries and household goods are drawing in more customers, including higher-income ones, but analysts say few are buying more than that.

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Retail Wire

MAY 18, 2023

LVMH Moët Hennessy Louis Vuitton has been called “recession-proof” as the luxury giant acquires brands and retailers such as Tiffany & Co. with solid long-term prospects. “When he (LVMH CEO Bernard Arnault) talks about potential acquisitions, he’s not looking for the brand that’s hot right now.

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Shopping Center

MAY 18, 2023

Burke, Va. and Washington, D.C. — Pine Tree has assumed management of two retail properties located in metro Washington, D.C. Assignments include Cityline at Tenley in Washington, D.C., and Burke Town Center in Burke, Virginia. The addition of these properties,… The post Pine Tree Assumes Management of Two Retail Properties in Metro Washington, D.C. appeared first on Shopping Center Business.

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Management Location Shopping ATS 95

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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.

Retail Wire

MAY 18, 2023

The Center for Environmental Health (CEH), a nonprofit consumer advocacy group, said it had sent legal notices to Adidas, Athleta, Champion, Fabletics, Kohl’s, Nike, Patagonia and Sweaty Betty about specific pieces of clothing that its tests showed containing high levels of BPA, a chemical with harmful health effects for humans.

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Consumer 100

Retail Dive

MAY 18, 2023

Bare shelves are still a recent memory, but many are learning to live on leaner inventories after overstocking in 2022.

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Cisco Retail

MAY 18, 2023

The popular 1960s American TV show, Star Trek , featured a fictional device called a “holodeck,” that used holograms.

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Retail Dive

MAY 18, 2023

The brand is leaning into its direct-to-consumer channel, which saw sales increase 22.6% in the period, as it plans to open 16 stores in fiscal 2024.

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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

Customer Experience