Retail Wire
MARCH 4, 2024
JetBlue and Spirit Airlines have called off a planned merger that began two years ago. The airlines said the decision was amicable but claimed that ongoing regulatory hurdles would have made merging the two companies difficult.
Inside Retail
MARCH 4, 2024
It appears retail has left behind the Baby Boomer generation along with its disposable income and brand loyalty. Whether marketers are subconsciously ageist or they’ve gotten distracted riding the Millennial branding and Gen Z social media wave all the way to the bank is still up for debate. But in what marketers have described as the “silver economy”, brands are leaving a considerable amount of revenue on the table that could be brought in by the Baby Boomer generation.
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Retail TouchPoints
MARCH 4, 2024
The customer experience is paramount to the success of today’s retailers. This includes enhancing in-store inventory, delivery services and even the personalization of customer service. However, when it’s time to check out, how do payment options factor into that customer experience? A recent study of more than 4,700 consumers from Bread Financial indicates payment choices — including retail store credit cards, bank branded credit cards and buy now, pay later (BNPL) — at checkout have become a m
Inside Retail
MARCH 4, 2024
Swatch has opened its first Australian flagship store in Melbourne CBD, its largest in the country. The 315sqm store features Swatch’s collections including Swatch Neon, Swatch Art Journey, Big Bold, and the latest Bioceramic What If. The store’s interior design includes an open walk-through space, seven glass brick totem walls, product collection islands, and large LED screens.
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.
Retail TouchPoints
MARCH 4, 2024
Thrasio , one of the highest-profile Amazon “rollup” firms — so-called because they acquire Amazon third-party sellers en masse and roll them up into a larger entity to consolidate operations (and ideally scale profitability) — has filed for bankruptcy in an effort to “strengthen its financial position.” Thrasio said it will continue normal business operations for its hundreds of Amazon FBA brands throughout the Chapter 11 process and that it has received $90 million in new financing from its le
Inside Retail
MARCH 4, 2024
Brussels on Monday fined Apple US$2 billion for thwarting competition from music streaming rivals via restrictions on its App Store, the iPhone maker’s first ever penalty for breaching EU rules. A basic penalty of $43.4 million was inflated by a huge lump sum included as a deterrent – a first for the European Union’s antitrust authorities.
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Retail Focus
MARCH 4, 2024
Shaftesbury Capital has announced that Arc’teryx , the high-performance outdoor apparel brand, has now opened its new flagship store within the newly refurbished listed building at 41-42 King Street in Covent Garden. This follows previous success on Long Acre and represents a key milestone within the brand’s brick-and-mortar journey, and the continual pull of Shaftesbury Capital as the go-to location for expansion within the West End.
Retail Wire
MARCH 4, 2024
Toyota is set to reveal an investment of 11 billion real ($2.2 billion) in Brazil over the next few years. The official announcement is expected on Tuesday, according to Brazil's vice-president and minister for industry, Geraldo Alckmin.
Inside Retail
MARCH 4, 2024
On Monday, the US-based resale platform StockX launched a shopping app for Apple Vision Pro , a spatial computer that blends digital content and apps with the real world and lets users navigate this blended reality using their eyes, hands, and voice. In a statement, StockX president and chief operations officer Greg Schwartz commented, “Nothing replaces the feeling of picking a sneaker off the shelf and holding it in your hands, but this new experience comes very close.
Retail Wire
MARCH 4, 2024
In a landmark decision, Apple faced a hefty fine of 1.84 billion euros, marking its first violation of EU competition regulations. The penalty stems from allegations of hindering competition in the music streaming market through App Store restrictions.
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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.
Inside Retail
MARCH 4, 2024
In the US$375 billion global beauty industry, efficacy and simplicity reign supreme. Recognising this, Japanese cosmetics brand Shiseido recently unveiled its latest innovation, the revamped ‘Vital Perfection’ anti-aging cream, which is revered for its efficacy on Asian skin. The upgraded formula contains SafflowerRed technology, which is derived from the Mogami Safflower.
Retail Wire
MARCH 4, 2024
Arkhouse Management and Brigade Capital Management announced a revised offer to acquire Macy's. Previously snubbed for being too low, the firms now propose purchasing Macy's shares they don't already own for $24 each, a 14% increase from their previous bid of $21 per share.
Inside Retail
MARCH 4, 2024
New Zealand-born designer Shannon Pittman is the founder and creative director of bespoke bridal brand Bo & Luca. After officially launching in 2012, Pittman recently opened Bo & Luca’s first store in Brisbane, Australia, after years of building its global presence. Here, she discusses the blend of traditional craftsmanship and modern design in her dresses, the impact of global conflicts on her supply chain and what’s next for the business.
Retail Wire
MARCH 4, 2024
CJ Foods Manufacturing Beaumont Corp. has issued a recall for approximately 62,000 pounds of Trader Joe's chicken soup dumplings due to potential plastic contamination. This nationwide recall has been prompted by concerns that the dumplings may contain pieces of plastic, likely originating from a permanent marker pen.
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
MARCH 4, 2024
Retailers are suffering from the longest dip in sales since the 2020 pandemic as consumers cut back for the fifth consecutive month. Like-for-like sales across fashion, homewares and lifestyle slipped 1.3% in February, according to new figures from accountancy firm BDO. Fashion was hit the hardest, with overall sales down 4.8% and instore sales plunging 8.2% last month.
Retail Wire
MARCH 4, 2024
Fisker is seeking solace in a strategic alliance in the hopes of improving its financial situation, and Nissan may be the potential partner.
Retail Gazette
MARCH 4, 2024
John Lewis is launching a campaign ahead of International Women’s Day, inviting designers, producers and emerging women-led brands to join “John Lewis & Sisters” and have their products stocked for Christmas. The retailer is changing its name to reflect the campaign on social media from 8 to 10 March, and says it will be a platform for women to share their talents, stories and ideas with buyers as it searches for more makers.
Retail Wire
MARCH 4, 2024
Lufthansa, a German airline, is facing significant disruption as ground crews go on strike demanding better pay and working conditions.
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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.
Shopping Center
MARCH 4, 2024
Houston — Fertitta Entertainment Inc., an entity controlled by Houston Rockets owner Tilman Fertitta, has purchased River Oaks District, a 664,308-square-foot mixed-use development on Houston’s west side. Multiple local news sources,… The post Houston Rockets Owner Buys River Oaks District for $450 Million appeared first on Shopping Center Business.
Retail Wire
MARCH 4, 2024
Apple, the leading tech giant, is planning to release a number of new products this week, according to rumors.
Retail Gazette
MARCH 4, 2024
Gymshark has officially opened a permanent space in Selfridges London which sees the luxury retailer become the activewear giant’s first-ever wholesale partner. The opening follows the success of Gymshark’s Regent Street flagship , which opened its doors in October 2022 and the recent news of its Westfield Stratford City store, set to open this summer.
Retail Wire
MARCH 4, 2024
Biotech firm Viking Therapeutics has positioned itself as a strong new contender or acquisition target in the weight loss drug market.
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
Retail Gazette
MARCH 4, 2024
Aldi’s beloved Kevin the Carrot character will return to the supermarket’s middle aisle next week with a festive Easter makeover. The discounter has released two limited edition Kevin soft toy collectibles, dressed in either a removable soft grey bunny suit or a boucle style lamb outfit. The £3.99 Easter Kevin will appear in Aldi’s specialbuys on 14 March.
RIS News
MARCH 4, 2024
There’s no shortage of artificial intelligence talk in retail, but top retailers like Sam’s Club and Home Depot are walking the walk when it comes to one AI subset — computer vision.
Retail Gazette
MARCH 4, 2024
Currys is investing a further £13m into staff pay to boost salaries for its hourly-paid workers. Staff will now earn £12.33 per hour on average, with top performers pulling in a £13.95 an hour average, following a 9.5% rise in their hourly rate. The electricals retailer said some workers would earn even more as the potential for its bonuses was uncapped.
LS Retail
MARCH 4, 2024
©iStock/Yulia Novik What's affecting me, my clients, my colleagues and other global small business owners: This nonprofit, Women Entrepreneurs Grow Global® , is making history every day for special women who aspire to take on the world with their business. The full lens on Women's History Month. Courageous women who have helped the United States build a fairer, more just society.
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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.
Wiser
MARCH 4, 2024
Brands and retailers face unique challenges as they progress from their initial market entry to becoming leaders in innovation and strategy. Understanding the distinct phases of retail maturity—Foundational, Expansion, and Innovation—is crucial in identifying the specific needs and solutions that will propel a brand or retailer forward. Aligning retail strategies with these technological shifts is no longer optional; it’s imperative for those aiming to enhance their market position and ach
Retail Dive
MARCH 4, 2024
From shopping to work to entertainment, people are choosing their screens. But we can create reasons for them to step out.
RIS News
MARCH 4, 2024
Whole Foods Market is opening a small-format store dubbed Whole Foods Market Daily Shop in New York City this year and plans to bring the store concept to other cities across the country. Learn more.
Cisco Retail
MARCH 4, 2024
Cisco continues its focus on FedRAMP ® Authorization for our government customers with yet another solution, Cisco Defense Orchestrator (CDO) , which has now achieved FedRAMP In-Process status.
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
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