Inside Retail

OCTOBER 15, 2023

US-based retailer Showfields, the self-described “most interesting store in the world”, filed for bankruptcy this month and will be restructuring through a form of Chapter 11 bankruptcy created during Covid to help small businesses continue operations, reorganise, and maintain control of finances without creditors taking over. The news came after a prolonged decline in sales post-pandemic that left the retailer unable to pay back increasing debt.

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Department Stores Finance Grocer Location 278

Retail Gazette

OCTOBER 15, 2023

Home Bargains is offering customers rewards worth up to £500 as it looks to clamp down on the rise in shoplifting. The discount retailer has opened a confidential hotline for customers to provide “any information” about a theft or crime in their local shops, The Telegraph reported. Posters have gone up at the front of the stores with the phone number, telling shoppers they can receive a monetary reward for information that leads to the “arrest and successful prosecution of anyone committing a cr

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Shopping ATS 113

Inside Retail

OCTOBER 15, 2023

ASX-listed jewellery and accessories retailer Lovisa has opened its 200th store in the US at the Cordova Mall in Pensacola, Florida. With the new store, the company now has 800 stores trading across 39 markets. During the 2023 financial year, Lovisa opened 78 stores in the US which is now its largest individual market. The retailer increased its global network by 172 stores during the year. “This milestone is a testament to the hard work, dedication, and outstanding efforts of the team beh

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Accessories Marketing ATS Fashion 264

Retail Gazette

OCTOBER 15, 2023

Home Bargains is offering customers rewards worth up to £500 as it looks to clamp down on the rise in shoplifting. The discount retailer has opened a confidential hotline for customers to provide “any information” about a theft or crime in their local shops, The Telegraph reported. Posters have gone up at the front of the stores with the phone number, telling shoppers they can receive a monetary reward for information that leads to the “arrest and successful prosecution of anyone committing a cr

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Shopping ATS 104

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

Inside Retail

OCTOBER 15, 2023

The quality of a shopping mall gets expressed through a broad menu of attributes: tenant mix, mall design, navigability, ease of access and egress, parking spaces, safety, how clean the toilets are, and so on. Not every mall can get everything exactly right, for a variety of reasons, so it’s a process of constant striving and improvement. Often the malls that are doing well get the lion’s share of investment from their owners while the weaker projects are neglected.

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Marketing Fashion Shopping Wholesale 130

RIS News

OCTOBER 15, 2023

Wholesale food retailer US Foods Chef’store is investing in supply chain efficiency, tapping into artificial intelligence and machine learning tech to bolster efforts and improve the customer experience.

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Wholesale Customer Experience 70

Retail Gazette

OCTOBER 15, 2023

Ted Baker owner Authentic Brands has stepped in after the company it appointed to run its UK operations has struggled to raise financing. The group paid £211m for the fashion retailer’s brand and intellectual property last year and has outsourced its global operations to over 20 different companies. According to The Times, Authentic has provided retail management business AARC – which handles Ted Baker’s stores and online business in the UK and Europe – a short-term loan to provide s

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Finance Fashion Brand Management Management 70

Mass Relators

OCTOBER 15, 2023

PHILADELPHIA — Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection, as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation. In connection with this process, Rite Aid said it has received a commitment for $3.45 billion in new financing from certain of its lenders, and that the money should provide sufficient liquidity to support th

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Finance Planning Marketing 52

Retail Gazette

OCTOBER 15, 2023

Former JD Sports boss Peter Cowgill is said to be considering a return to retail to head up a a luxury menswear brand. Cowgill, who stepped down in last year after 18 years, is understood to have been contacted by a private equity group about taking on a senior role at Mainline Menswear, The Telegraph reported. The brand’s owner – JD Sports – is said to be speaking to prospective buyers for the designer label as it looks to focus more on sportswear.

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Returns Fashion ATS 62

Mass Relators

OCTOBER 15, 2023

In this week’s Video Forum, Dr. Vin Gupta, Amazon Pharmacy’s chief medical officer, talks about the potential for e-commerce providers to help bring down the cost of prescription medications. In addition to outlining various ways in which Amazon is trying to do just that, Gupta responds to those who contend that online pharmacies can’t provide the same level of service as their brick-and-mortar counterparts, as well as discussing Amazon’s intention to play a bigger role in American health care g

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Marketing 52

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Management

Retail Gazette

OCTOBER 15, 2023

Frasers Group is making cuts to its Studio Retail staff based in East Lancashire as it looks to streamline operations. The retail giant has entered a consultation period for nearly 100 employees at the retailer’s base in Accrington, the Lancashire Telegraph reported. Staff were informed via email that the group planned to relocate the business to its Derbyshire base, nearly 100 miles away.

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ATS Planning Fashion 62

RIS News

OCTOBER 15, 2023

Midwest grocer Hy-Vee is leveling up its micro fulfillment capabilities by powering its network of fulfillment centers with technology that is increasing productivity.

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Fulfillment Grocer 52

Retail Gazette

OCTOBER 15, 2023

Frasers has lifted its stake in Boohoo Group once again as it continues to build on its “strategic investment” into the fashion retailer. The Mike Ashley controlled group which owns Sports Direct and House of Fraser, now owns 15.1% of the online fast fashion business , increasing its stake from 13.4%. Just last week, Frasers increased its holding from 10.4% to 13.4% , while in September, it raised its holding to 9.1%.

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Fast Fashion Fashion 57