Target Is Slashing Prices on 5,000+ Items To Combat Inflation
Retail Wire
MAY 21, 2024
Target has initiated a sweeping price reduction campaign, aiming to alleviate the burden of inflation on consumers while luring back wary shoppers.
Retail Wire
MAY 21, 2024
Target has initiated a sweeping price reduction campaign, aiming to alleviate the burden of inflation on consumers while luring back wary shoppers.
Inside Retail
MAY 21, 2024
Four executives in Bunnings’ management team have departed the hardware chain in a move that was described as a “reshaping” rather than a restructure. Chief commercial officer Ben McIntosh, chief transformation officer Leah Balter, and GM of corporate affairs Maria McCarthy have exited the company. Jen Tucker, the director of merchandise, also decided to leave following a family bereavement.
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Retail Wire
MAY 21, 2024
BMW, Jaguar Land Rover (JLR), and Volkswagen (VW) have been found to have utilized components from a banned Chinese firm, implicating potential ties to forced labor practices.
Inside Retail
MAY 21, 2024
Fast Retailing, the parent company of Japan apparel retailer Uniqlo , has announced the locations for 11 new stores in the US, on its way to a target of 20 openings in North America this year, which in turn is the first instalment on its plan to reach 200 stores in 2027. The 11 openings so far announced are all in malls. Five of them are ‘A-quality’ malls in the metro areas of Dallas and Houston, Texas, a state in which Uniqlo so far has no physical store presence.
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Retail TouchPoints
MAY 21, 2024
Petco , partnering with Van Leeuwen Ice Cream and human-grade dog food brand Ollie , will offer canine-safe ice cream for hot dogs seeking a cool treat. The non-dairy peanut butter and banana recipe is now available at Van Leeuwen scoop shops across the country, as well as at most Petco locations and online at petco.com for BOPIS orders. Additionally, customers starting an Ollie subscription from June 3-13 will receive a free pint with their purchase.
Inside Retail
MAY 21, 2024
Australian beauty brand Aesop has transformed 38 of its storefronts in Australia and New Zealand with algae-based window decals. The textured decals, created by bioplastic artist and Other Matter studio founder Jessie French, are designed to be repurposed and reused in a self-sustaining closed-loop system. This provides an environmentally responsible alternative to traditional materials such as PVC.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
MAY 21, 2024
Melbourne e-commerce startup Little Birdie has announced it is pausing operations for the foreseeable future. In a note to customers, the company said it will be working on an AI shopping tool in the meantime. According to Startup Daily, this email was sent to Little Birdie customers on Friday evening. It has also been posted on the company’s website, informing users that its website, app, and extension experiences are being switched off for an undisclosed period of time.
Retail TouchPoints
MAY 21, 2024
The retail landscape is transforming, driven by rapid technological advancements and changing consumer behaviors. In this dynamic environment, making informed, data-driven decisions has become a cornerstone of competitive advantage and operational success. Against this backdrop, network analytics emerges as a pivotal tool for retailers. By analyzing data derived from network traffic, retailers can unlock profound insights into customer behavior, store performance and inventory efficiency.
Inside Retail
MAY 21, 2024
Australian direct-to-consumer brand Who Gives A Crap disrupted the way consumers bought toilet paper almost a decade ago; now its CEO is challenging businesses across the supply chain to “give a crap”. Simon Griffiths is the CEO and one of three co-founders of Who Gives A Crap and is encouraging other businesses to question how sustainable their operations really are.
Retail TouchPoints
MAY 21, 2024
Hanna Andersson has named Mike Frazzini, most recently Technology Chief of Staff at FTD , as its new Chief Technology Officer (CTO). Frazzini, who will report to CEO Aimée Lapic, brings 25 years’ experience in delivering effective software products, systems integrations and solutions for ecommerce, business intelligence, ERP, finance and operations.
Retail Wire
MAY 21, 2024
Burger King's latest menu expansion is sure to catch the attention of cheese aficionados everywhere.
Retail TouchPoints
MAY 21, 2024
The Retail Industry Leaders Association has partnered with Optera to launch the Direct-Use Product Emissions Database (DPED) , to provide retailers and their suppliers with an aligned database for quantifying greenhouse gases emitted during use by appliances, electronics and power equipment. The DPED’s goal is to foster uniform metrics for comprehending and managing scope 3, category 11 direct-use emissions across the industry.
Retail Wire
MAY 21, 2024
The kibble recall affects the brand's 44-pound bags sold at Walmart.
Inside Retail
MAY 21, 2024
McDonald’s has signed a multi-year deal with IMG to develop a wide range of licensed products and experiences globally. As part of the deal, IMG will be McDonald’s exclusive global licensing representative and will develop an “authentic and culture-forward” licensing program based on the brand’s legacy, global scale, and visual identity.
Speaker: David Nisbet, 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.
Retail Wire
MAY 21, 2024
This summer, Cheez-It fans have a new reason to hit the road to the Catskills in New York.
Inside Retail
MAY 21, 2024
Digital travel company Webjet is considering spinning off its consumer and business-facing divisions after posting record earnings for FY24. The company said it is exploring the separation of Webjet B2C business and B2B travel distribution business WebBeds into two ASX-listed entities. Webjet B2C includes ANZ-focused digital travel business Webjet OTA, motorhome and car rental e-commerce site GoSee, and travel technology company Trip Ninja.
Retail Focus
MAY 21, 2024
CBRE Investment Management has announced Mango , one of Europe’s leading fashion brands, has opened at Angel Central , the retail and leisure destination located in the heart of Islington, as the brand continues to roll out its ambitious expansion plans. The leading retailer has opened a 3,200 sq ft unit on Angel Central’s ground floor, exclusively stocking Mango’s womenswear lines.
Inside Retail
MAY 21, 2024
Charter Hall Retail has sold Rutherford Marketplace, a ‘non-core asset’, for $49.75 million. The sale value represents a small premium over the centre’s book value as at last December. Charter Hall will use the proceeds from the sale to reduce debt within the RP1 retail partnership, of which the company has owned half since the partnership’s inception in 2011, alongside TelstraSuper.
Retail Wire
MAY 21, 2024
As Vox approaches its 10th anniversary, the company is implementing a big shift in its business model.
Inside Retail
MAY 21, 2024
Alex Shaughnessy is Australian athleisure brand LSKD’s chief retail officer and the former director of retail for Lululemon ANZ and head of retail at global eyewear retailer Bailey Nelson. Here Shaughnessy shares how she maintains a work-life balance leading LSKD’s retail team during a growth phase of retail store rollouts. My mornings look like… I wake up, take a walk and grab a coffee – fresh air (and caffeine) first.
Retail Wire
MAY 21, 2024
OpenAI announced it is discontinuing one of ChatGPT's voices after users highlighted its resemblance to Scarlett Johansson.
Inside Retail
MAY 21, 2024
The New Zealand business of burger restaurant chain Wendy’s has been sold to US franchise operator Flynn Group, marking the company’s first change in ownership in more than three decades. The Lendich family, which has operated the franchise since 1988, put it up for sale in June 2022. The franchise includes 22 restaurants with 12 stores in Auckland, eight in other parts of the North Island, and two on the South Island.
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.
Retail Gazette
MAY 21, 2024
Superdry is preparing to run an emergency four-week sale process if creditors reject chief executive Julian Dunkerton’s restructuring plan. According to Sky News , the struggling retailer will commence an accelerated M&A process if the plan is not approved by creditors in the coming weeks. As part of Superdry’s proposal , Dunkerton would inject £8m in an open offer available to other shareholders or £10m in a placing that would only be accessible to him.
Inside Retail
MAY 21, 2024
Last week, luxury e-commerce platform Mytheresa posted strong third-quarter growth at a time when many luxury retailers, both online and brick-and-mortar, are struggling to maintain stability let alone grow. Mytheresa reported €233 million ($380 million) in net sales in the quarter ending March 31, a 17.6 per cent gain from the €198.9 million ($323 million) the year before.
Retail Wire
MAY 21, 2024
Neuralink has been approved to implant a chip into a second patient.
Inside Retail
MAY 21, 2024
Northern Brisbane’s Market Central Lutwyche, home to Aldi, Coles, and Woolworths supermarkets , is up for sale. Its owner has tapped Stonebridge’s Carl Molony, Philip Gartland, and Justin Dowers, along with JLL’s Nick Willis and Sam Hatcher, to sell the property through an expressions-of-interest campaign. Aside from the three major supermarkets that generate over $121 million in sales, Market Central Lutwyche also has leasing agreements with two mini-majors, 29 specialties, 10
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Discover how retailers are transforming data into actionable insights for growth. By leveraging data and analytics to their potential, retailers can enhance decision-making, improve customer experiences, and streamline operations to stay ahead of the competition. From Data to Decisions: Maximizing Retail Potential With AI, authored by Orium, commercetools, and Google Cloud, demonstrates how businesses can unify and activate data across the tech stack to achieve retail excellence and create growt
Retail Wire
MAY 21, 2024
Norwegian Cruise Line saw a Q1 2024 boom and increased sales.
Retail Gazette
MAY 21, 2024
The Works expects to see a return to growth in the next financial year after enduring “a year of considerable change”. It comes as the value retailer reported flat revenue of 0.9% to £282.6m and a slight 0.9% decline in like-for-likes in the 53 weeks to May 5. The Works said that since January it had made “significant progress” on its plan to stabilise profitability by improving margins and reducing costs.
Retail Wire
MAY 21, 2024
There were 211 passengers and 18 crew members on board.
Retail Customer Experience
MAY 21, 2024
Just because checkout is the last step of the shopping journey doesn’t mean it should be stripped of all its potential to drive revenue and profitability.
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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