Sun.Jun 09, 2024

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Dr Pepper Quickly Becoming America’s Favorite Beverage

Retail Wire

Dr Pepper has made a remarkable ascent in the American soda market, now sharing the second spot with Pepsi, a position Pepsi has comfortably held for much of the past two decades. According to new data from Beverage Digest, Dr Pepper has climbed from fifth place in 2000 to its current second position, nearly matching Pepsi’s market share. This marks a significant shift in the soft drink landscape, where Coca-Cola continues to reign supreme.

Marketing 264
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Labour to overhaul business rates system and stamp down on shop worker violence

Retail Gazette

Labour has vowed to overhaul the business rates system in a bid to revitalise the high street, if it wins the general election. The party said it would replace the current system with a new one that will “level the playing field between the high street and online giants”. However, it did not go into detail about what the new system will entail. Labour l eader Sir Keir Starmer said that “hard-working small businesses have been held back” by the current system and criticised the Conser

Shopping 119
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Nvidia Hits a $3 Trillion Milestone

Retail Wire

Nvidia Corp., under the leadership of CEO Jensen Huang, has reached a significant milestone with a market valuation of $3 trillion, propelling Huang into the ranks of the world's wealthiest individuals. As of Friday, Huang's net worth soared to $106.1 billion, surpassing that of Michael Dell, making him the 13th richest person globally, according to the Bloomberg Billionaires Index.

Marketing 242
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Boots halts IPO plans as sale talks continue

Retail Gazette

Boots’ owner has postponed plans for a potential IPO of the chain amid ongoing sales talks. Walgreens Boots Alliance (WBA) is currently considering alternative options for the UK retailer and has engaged in informal talks with potential buyers, including private equity firms over the past few weeks, Bloomberg News reported. Citing people close to the matter, the title said deliberations are ongoing and Walgreens has made no final decisions on Boots’ future ownership.

Planning 116
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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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Virgin Galactic Completes Final VSS Unity Commercial Spaceflight

Retail Wire

Virgin Galactic recently achieved a significant milestone by successfully completing its final commercial flight with the VSS Unity spaceplane. This marks the second mission of the year for the Richard Branson-founded company, which continues to pave the way in the realm of space tourism. The mission, dubbed Galactic 07, saw four passengers from Turkey, the United States, and Italy reach the edge of space and return safely.

Returns 147
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Shein to miss out on FTSE 100 as British Fashion Council hits out at planned IPO

Retail Gazette

Shein will miss out on a place on London’s FTSE 100 as the soon-to-list fashion retailer will not sell enough shares to qualify. Companies need to have a minimum free float of 25% to be included in the FTSE index, and c ity sources told The Sunday Times that the fast fashion behemoth will not sell enough shares. The fashion giant, which was valued at $66bn (£52bn) in its latest round of fundraising, was on track to have become one of the ten largest companies in the FTSE 100 when it floats.

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M&S Oxford street store redevelopment faces election delay

Retail Gazette

M&S will have to wait for a decision on its London flagship demolition plans following a fresh delay triggered by the General Election. The High Street giant wants to raze and rebuild its Oxford Street store, but the election on 4 July means the decision may not happen for months until a new government forms, This is Money reported. M&S chief executive Stuart Machin said in June: “Our investment will deliver far more than carbon reduction; it will be a better place for our customers to

Planning 108
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BARK Air Accused of Violating County Regulations

Retail Wire

BARK Air, a newly launched luxury airline exclusively for dogs, has found itself embroiled in a legal dispute shortly after its first flight. The airline, which aims to prioritize the comfort of canine passengers and their human companions, took off from New York's Westchester County Airport on May 24, only to face a lawsuit from Westchester County a few days later.

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Asda’s next CEO could receive £10m pay package

Retail Gazette

Asda’s Mohsin Issa could offer the supermarket’s new chief executive a pay package worth up to £10m as the billionaire races to find someone to lead the business. In a bid to wrap up the search for a new boss, a lucrative package ranging from £8m to £10m has been proposed, city sources told the Telegraph. Since 2021, Issa, the minority owner of the grocery chain, has been overseeing the business following Roger Burnley’s early departure due to a strategic disagreement.

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Top 5 Customer Service & CX Articles for Week of June 10, 2024

Hyken

Each week, I read many customer service and customer experience articles from various resources. Here are my top five picks from last week. I have added my comments about each article and would like to hear what you think too. Customer Loyalty Stats in 2023: Loyal Customers Spend More! by Jeff Beckman (The Tech Report) Consumers do not usually just focus on the function and appearance of a product when purchasing products.

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From Concept to Deployment: Building Commerce Storefronts with Composable UI

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Pets at Home support team roles at risk amid restructuring

Retail Gazette

Pets at Home has entered a consultation process over several positions within its support team due to a slowdown in ecommerce post-pandemic. The pet specialist is currently consulting with several employees about proposed reductions to its support team. The changes will affect fewer than 100 positions, and those impacted have been notified that their roles are under review.

ATS 59