Fri.May 24, 2024

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Retail sales tumble after April washout

Retail Gazette

Retail sales have fallen once again as poor weather paired with a cost-of-living squeeze continues to dampen spending. The latest figures from the Office for National Statistics (ONS) show sales volumes fell by 2.3% in April, after a 0.2% drop in March, as poor weather led to a reduction in footfall across most retailers. However, on a three-month basis, volumes edged up 0.7% to the end of April when compared with the previous three months.

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What it takes for emerging designers to break into Australia’s fashion industry

Inside Retail

While established fashion brands are attempting to find solid ground in the current economic downturn, a new guard of Australian designers are trying to get their foot in the door. Fashion is an industry that worships breakthrough talent but gaining access to the necessary resources to innovate and disrupt is half the battle. Australian Fashion Week’s Next Gen runway spotlighted emerging brands Emily Watson, Potirakis, House of Campbell and Amy Lawrence as the industry’s next frontier.

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Federal Watchdog Institutes Consumer Protections for BNPL Purchases

Retail TouchPoints

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule confirming that buy now, pay later (BNPL) lenders are in essence credit card providers, meaning they will be required to provide consumers with legal protections and rights, including in cases of disputed charges and issuing refunds. BNPL is “often used as a close substitute for conventional credit cards,” according to a CFPB press release.

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First Nations fashion design can be a powerful method of healing

Inside Retail

Aboriginal and Torres Strait Islander readers are advised that this article contains names, images and stories of deceased people. Around the world, fashion researchers, designers and artists are exploring the links between clothing, adornment and wellbeing. “ Enclothed cognition ” considers the psychology of clothing, and designers are exploring how to create garments to heal the wearer.

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A Blueprint for B2B Commerce

In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

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Wayfair Opens First Large-Format Store Outside Chicago

Retail TouchPoints

Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Image courtesy Wayfair Wayfair opened the doors of its first large-format store on Thursday in Wilmette, Ill., just outside of Chicago, marking a brick-and-mortar milestone for t

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Waymo Safety Probe Turns Up More Incidents

Retail Wire

The National Highway Traffic Safety Administration (NHTSA) has uncovered nine additional incidents involving Waymo's self-driving vehicles, raising fresh concerns about their safety and performance. This development comes after the U.S. auto safety regulator initiated an investigation earlier this month following 22 reports of Waymo's robotaxis displaying potentially hazardous driving behavior.

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Google To Invest $350 Million in India’s Flipkart

Retail Wire

In a strategic move poised to shake up the Indian e-commerce landscape, Alphabet's Google is set to acquire a minority stake in Flipkart, the Walmart-backed retail giant.

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Prepping for growth: Rowing Blazers’ new CEO is just the beginning

Inside Retail

Last week, the preppy US-based lifestyle and apparel brand Rowing Blazers appointed Laura Willensky as its new chief executive officer. Before her appointment at Rowing Blazers, Willensky held key leadership positions at J.Crew, Victoria’s Secret Beauty, Talbots, and Away. In the early stages of her career, Willensky helped lead Madewell and children’s brand Janie & Jack from inception and brand launch to profitability and national recognition.

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Guardant’s Blood Test for Colorectal Cancer Gets FDA Adviser Approval

Retail Wire

Guardant received support in a 7-to-2 vote.

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Decker Brands’ net sales up on record Hoka, Ugg revenue

Inside Retail

Deckers Brands saw net sales surge to a new record last fiscal year as consumers embraced the company’s leading Hoka and Ugg brands. Net sales soared 18.2 per cent to $4.29 billion with direct-to-consumer sales up 26.5 per cent to $1.86 billion and wholesale sales jumping 12.6 per cent to $2.43 billion. Hoka’s sales increased 27.9 per cent to $1.81 billion while Ugg’s climbed 16.1 per cent to $2.24 billion.

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How Harry Rosen Turns Targeted Personalization Data into Retail Loyalty

Speaker: Shaunna Bruton and Kailey Holmes

Unlock the potential of customer data to create personalized retail experiences that resonate with your audience. This webinar will explore the critical role of customer data in modern retail, providing you with strategies to collect, analyze, and apply data to enhance personalization. Learn from leading retailers, like Harry Rosen, and experts on how to turn data into actionable insights that drive customer satisfaction and loyalty.

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Blue Bird Workers Ratify First Union Contract in Georgia

Retail Wire

In a significant milestone for labor relations in the Deep South, workers at Georgia-based school bus manufacturer Blue Bird Corp. have ratified their first union contract.

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Morrisons braces for disruption as warehouse staff strike to protect their pensions

Retail Gazette

Morrisons has warned of disruptions as nearly 1,000 warehouse workers walk out for the next three days in a dispute over pensions. Employees at the supermarket’s Gadbrook in Cheshire and Wakefield in West Yorkshire distribution centres, who have begun the first of two strikes, claim the cut in company contributions to their pensions is worth up to £10m a year.

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Netflix’s Latest Engagement Report Shows a Drop in Viewership for Its Top Series and Movies

Retail Wire

While Netflix continues to produce popular content, the success of its hits varies widely, according to the latest engagement report.

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Ted Baker: US stores and website close following UK collapse

Retail Gazette

Ted Baker has closed its North-American shops and website amid the embattled chain’s collapse into administration. It has been reported that 31 of the fashion retailer’s US sites and nine of its Canada shops are shutting, while shoppers across both regions can also no longer use Ted Baker’s website, according to Fashion Network. Speaking to Drapers , Ted Baker parent company Authentic Brands Group said: “We are close to finalising agreements with new partners to operate T

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Optimizing Frontend Delivery in Composable Commerce: The Buy vs Build Decision

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Gas Prices Go Down During Memorial Day Weekend

Retail Wire

As Memorial Day weekend approaches, gas prices are dipping slightly, offering some relief to millions of travelers.

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Korea Promotes SMEs' Global Expansion

LS Retail

©iStock/CHALLA The chiefs of Korea’s largest business groups gathered with President Yoon Suk Yeol to garner support for small- and medium-sized enterprises (SMEs) in their overseas expansion efforts in an annual meeting on Thursday. President Yoon presided over this year’s conference of SMEs held on the front lawn of the presidential office in central Seoul, joined by Samsung Electronics Chairman Lee Jae-yong, LG Group Chairman Koo Kwang-mo and Hanwha Group Vice Chairman Kim Dong-kwan.

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Southwest Airlines Will Now Appear in Google Flights Searches

Retail Wire

Passengers can find flights for the popular airline on the Google Flights search aggregator.

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Target adds 1K summer items in affordability push

Retail Dive

In an attempt to draw in budget-sensitive shoppers, product prices start at $1 and more than half of the assortment is less than $15.

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Innovation Fest: Summer of AI

Join Bloomreach at Innovation Fest: Summer 2024, a virtual event, to explore the future of personalized marketing and merchandising! Along with the company’s top product experts, CEO Raj De Datta will provide an exclusive look at the company’s latest AI innovations reshaping the omnichannel experience. Don’t miss out on this exciting opportunity to connect with fellow industry leaders and explore the latest trends in retail technology.

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Burger King To Launch $5 Meal Ahead of McDonald’s Same-Price Combo

Retail Wire

It's the battle of the fast-food giants as both companies launch low-cost deals.

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VF names new CFO, still feels revenue slump as it considers selling assets

Retail Dive

Declining performance of the Vans brand continued to weigh on the apparel and footwear conglomerate’s Q4 earnings despite various transformation programs.

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Coca-Cola Invests $330M in New Birmingham, Alabama Campus

Retail Wire

The Coca-Cola Company will complete the campus in three years.

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Cisco Meraki Secures the Postman “Best API Award”

Cisco Retail

Meraki APIs allow businesses to automate repetitive and time-consuming tasks, and configure and deploy networks quickly at a scale. Developrs can leverage API operations to retrieve performance metrics, monitor network health, analyze traffic data and create custom reports to gain insights into the network usage.

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Composable Commerce Reference Architecture 2024 Edition

Achieve more with your commerce with the help of Orium’s Composable Commerce Reference Architecture 2024 Edition. Presented in partnership with commercetools, Contentstack, and Google Cloud, this edition is packed with new insights and practical examples to help you navigate changes in digital commerce and construct an adaptable tech stack optimized for efficiency and scalability.

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Canva Unveils New Enterprise Product Aimed At Large Organizations

Retail Wire

Canva has introduced its latest offering, an enterprise version designed specifically to meet the requirements of large organizations.

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Ollie’s wins bankruptcy bid for 11 former 99 Cents Only Stores

Retail Dive

The acquisition of the Texas stores appear to support Ollie's plans to expand its brick and mortar footprint.

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Aldi ‘hammers down on prices’ as it slashes cost of fruit and veg

Retail Gazette

Aldi has reduces prices on over 45 fruit and vegetable products as it continues its commitment to ensuring “shoppers make significant savings every time they shop” From today (24 May) customers at the German dscounter will see lower prices on items including berries, oranges, tomatoes and its fresh salad range. Produce such as avocados and peppers are also included in the latest price reductions, with prices dropping by an average of around 11%.

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Wilson signs WNBA rookie Caitlin Clark

Retail Dive

As part of the deal, the sporting goods brand will partner with the athlete on a signature basketball line celebrating her legacy.

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How To Craft Your Perfect Retail Tech Stack

Speaker: Jason Cottrell and Brian Walker

The era of all-in-one platforms is over. Now, retail success depends on integrating a blend of diverse technologies to thrive. As customers and stakeholders expect agility and innovation, how can you meet these expectations efficiently without stumbling into complexity? Explore a customer-centric approach to navigating digital transformation in retail.

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Retail sales fell 2.3% in April with clothing and furniture impacted by poor weather, ONS reports

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Retail sales volumes (quantity bought) fell by 2.3% in April 2024, following a fall of 0.2% in March 2024 (revised from 0.0%), the latest figures from the Office for National Statistics (ONS) reveal. Sales volumes fell across most sectors, with clothing retailers, sports equipment, games and toys stores, and furniture stores doing badly as poor […]

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Rothy’s launches on Amazon

Retail Dive

The sustainable shoe brand is adding its signature products to the online retailer as it looks to broaden its reach.

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Myprotein launches into 1,200 Boots stores nationwide

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Myprotein, the leading online sports nutrition brand, announces the launch of nearly 80 products at Boots, the UK’s leading health and beauty retailer, across 1,200 stores nationwide. Boots’ new in-store range includes an array of products across Myprotein and its family brands, Myvegan and Myvitamins.

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The Weekly Closeout: E.l.f. Beauty reports $1B in net sales and Wayfair opens its first large-format store

Retail Dive

The cosmetics brand increased sales 77% year over year, while the DTC furniture company debuted a store in Wilmette, Illinois.

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The Pragmatic Guide to Composability

Be empowered to master the digital landscape and implement modular and adaptable composable technologies. Authored by Orium, The Pragmatic Guide to Composability takes readers on a journey from composable’s beginnings to common misconceptions about the approach, then concludes with strategies for choosing implementations that result in quick wins to grow your ROI.