Inside Retail
SEPTEMBER 13, 2023
Aussie discount retailer Silly Solly is on a growth trajectory, with plans to expand as a franchise, after shifting from a licensing model. Media spokesperson Solly Stanton told Franchise Executives, “We were a licence agreement and have progressively changed to a franchise model. This offers our store owners more protection and the opportunity to resell their business.
Retail Gazette
SEPTEMBER 13, 2023
The Range is understood to have bought Wilko’s brand in a deal worth around £5m. Sky News revealed that the deal is set to be confirmed by Wilko administrator PwC later today. The Range, set up by Devon-based entrepreneur Chris Dawson, had faced competition from online marketplace OnBuy to snap up Wilko’s brand assets. The deal could see the Wilko name live on as The Range could sell Wilko-branded goods in stores and could also trade under the name online.
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Inside Retail
SEPTEMBER 13, 2023
Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. Myer’s total sales grew 12.2 per cent to $3.36 billion in FY23. This reflects the scale of its online business – which had a revenue of $691 million, representing 20.5 per cent of total sales – and a 10 per cent increase in productivity gains at physical stores.
Wiser
SEPTEMBER 13, 2023
Understanding the dynamics of your business is crucial for its success. One effective way to gain valuable insights is by measuring foot traffic, a metric that offers a wealth of information about your physical store’s performance and customer behavior. Foot traffic data can be a game-changer for your business. It allows you to analyze peak shopping times, assess the effectiveness of your marketing campaigns, and understand how customers move within your store.
Speaker: Jennifer Hileman - Head of Retail Platform Strategy at Orium, and Zach Ettelman - Solutions Partner Team in North America at Talon.One
Prepare to excel in the dynamic world of retail, spanning the holiday season and beyond into 2024! Join us for an insightful webinar as we delve into the powerful synergy of composable & MACH Technology paired with the leading loyalty and promotions engine. Discover how composable commerce and loyalty management can redefine your retail approach, ensuring sustained success through the holiday rush and well into the new year.
Inside Retail
SEPTEMBER 13, 2023
Guzyman y Gomez founder Steven Marks has revealed a revenue of $759 million in the 2023 financial year, a lift of 32 per cent on the previous year. Underlying earnings rocketed 56 per cent to $32 million in what Marks described as “a phenomenal year” GYG reported the median weekly average unit volumes for a drive-thru restaurant was $106,000.
Retail Gazette
SEPTEMBER 13, 2023
Apple is to ditch the use of leather in all of its accessories in an effort to meet its ‘net zero by 2030’ goal. The tech giant will replace the animal-made material in its watch straps and phone cases with a 68% recycled textile called ‘FineWoven’. Apple vice president for environment Lisa Jackson said: “Leather is a popular material for accessories, but it has a significant carbon footprint, especially at Apple’s scale.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Gazette
SEPTEMBER 13, 2023
Two former Patisserie Valerie finance bosses are among four individuals that have been charged in relation to the bakery chain’s abrupt collapse in 2018. The charges are connected to an investigation that began two days after the bakery chain suspended trading in October that year, the Serious Fraud Office (SFO) said. Among those facing charges is the company’s former chief financial officer Christopher Marsh, his wife Louise, financial controller Pritesh Mistry as well as financial consul
Inside Retail
SEPTEMBER 13, 2023
M.J. Bale director and designer Matt Jensen says the brand takes on the challenge of evolving with the market while honouring the pillars of the business. Here, he discusses how menswear has changed over the years, juggling creative and business responsibilities, the brand’s commitment to sustainability, and what’s in the works for the future. Inside Retail : Can you discuss the circumstances leading up to the creation of M.J.
Retail TouchPoints
SEPTEMBER 13, 2023
The Interactive Advertising Bureau (IAB) has released a preliminary framework to standardize retail media measurement. The framework was developed in collaboration with the Media Rating Council (MRC) as well as 55 companies with a stake in the performance of retail media, including The Mars Agency , Albertsons Media Collective , Google , Unilever U.S. , Criteo , Best Buy Ads , Kroger Precision Marketing , Target , Vibenomics and Colgate-Palmolive.
Inside Retail
SEPTEMBER 13, 2023
Sydney-based womenswear label Sotto Brand has made its debut at New York Fashion Week with its SS24 collections, eyeing global expansion. The show also introduced Sotto Brand’s first venture into footwear and accessories. The company said the debut at NYFW kicked off the brand’s expansion strategy and helped the brand further grow its global presence.
Speaker: Jay Black, Senior Account Executive
Let's set the record straight: in-store retail isn't dead - it's evolving! Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Join Jay Black in this exclusive session as he explores the strategies that set successful stores apart, including: Crafting unique and unforgettable in-store experiences 🛍️ Mastering the art of retail demands 🛒 Navigating inventory challenges in today's climate 📦 an
Retail Gazette
SEPTEMBER 13, 2023
The Entertainer has snapped up outgoing John Lewis Partnership COO Andrew Murphy as its new chief executive. Murphy, who resigned from John Lewis Partnership last year after 30 years at the retailer, will join The Entertainer in mid-October. He replaces Mark Campbell who left the toy retailer this summer. He said: “My time with The John Lewis Partnership comes to an end in the next few weeks.
Inside Retail
SEPTEMBER 13, 2023
Australian sportswear brand LSKD has unveiled its BAF (Big As F*ck) double-decker bus, with its ‘Chase The Vibe Tour’ set to launch later this month. The double-decker vehicle, which began life as ‘The Love Bus’ in Byron Bay, has been revived and outfitted for functional exercises, exclusive product shopping, and recovery sessions, with air conditioning, couches, massage guns, and recovery drinks.
Retail Gazette
SEPTEMBER 13, 2023
After many twists and turns, the Wilko story came to a sad conclusion this week when it emerged that no white knight would save the retailer. It was confirmed that all 400 Wilko stores would close – although B&M and Poundland have now snapped up more than 120 shops between them – and 12,500 jobs would be lost as the value chain became one of the biggest high street casualties of the 21st century.
Inside Retail
SEPTEMBER 13, 2023
Apple’s iPhone 15 drew mixed reactions in its third largest market of China on Wednesday, with many online users liking its faster chip and improved gaming capabilities while others preferred Huawei’s new smartphone. China remains key for the US tech giant, which unveiled its new iPhone lineup on Tuesday. The company occupies a leading position in China’s premium smartphone market, in part due to the decimation of Huawei Technologies’ smartphone business by US export cont
Advertiser: ZoomInfo
Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr
Retail Gazette
SEPTEMBER 13, 2023
Judges need to toughen enforcement on shoplifting to tackle the rise in thefts across Britain, the owner of Primark has said. Associated British Foods chief executive George Weston revealed the fashion retailer was experiencing a record number of shoplifting cases and assaults on workers. He explained Primark was introducing body cameras for staff, and increasing its CCTV and security guards to tackle the issue.
Inside Retail
SEPTEMBER 13, 2023
German sandal maker Birkenstock has filed for an initial public offering (IPO) in the US, following the footsteps of British chipmaker Arm to become the second European giant seeking a foreign listing this month. Financial details of the filing were not disclosed, but some sources reported that the company is targeting a valuation of more than $8 billion.
RIS News
SEPTEMBER 13, 2023
Learn how Kimberly-Clark is using their vast reach to understand consumers at very local levels — and then marrying it with technology to meet consumer needs in new and more sustainable ways.
Inside Retail
SEPTEMBER 13, 2023
Despite a slow start to FY24, with sales in the first six weeks falling 1.9 per cent year on year, Myer CEO John King spoke positively about the department store’s strong growth since the pandemic, and its future expansion centred on omnichannel retail. “This growth has been driven by the strength of our multi-channel offering, as customers have returned to stores after [the pandemic], and bolstered by our leading brand and loyalty proposition through Myer One,” King told analysts and investors
Advertiser: FourKites
Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.
RIS News
SEPTEMBER 13, 2023
Amazon is building out its supply chain services for sellers, offering merchants the ability to distribute products from its warehouses to physical stores and fulfillment centers.
Inside Retail
SEPTEMBER 13, 2023
Woolworths has announced BP as its first partner for the revamped Everyday Rewards program in New Zealand, which delivers a multi-million dollar increase in rewards from next year. The program adopts the existing one-for-one points system, which rewards shoppers one point for every dollar spent at the supermarkets. At BP, members will earn one point for every litre of fuel and dollar spent at the shop, Wildbean cafe or on BP car washes.
Retail TouchPoints
SEPTEMBER 13, 2023
Fanatics has appointed Andrew Low Ah Kee as CEO of Fanatics Commerce, the company’s largest business unit, effective immediately. Low Ah Kee is replacing former Fanatics Commerce CEO Doug Mack, who announced his retirement last month, and will report to Michael Rubin, Chairman and CEO of Fanatics. Mack will stay on through the rest of this year to ensure a smooth transition and will continue as a special advisor to Rubin and Fanatics in the future.
Inside Retail
SEPTEMBER 13, 2023
Unprecedented macroeconomic challenges have manifested a state of permanent flux in the retail industry. The pandemic, geopolitical tensions, climate change and cost-of-living crisis have all redefined consumer behaviours. For resilience in these new waters, retailers must reshape conventional thinking and rekindle the essence of customer service. We are at the nexus of digital innovation and human-centred values.
Advertiser: ZoomInfo
In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.
LS Retail
SEPTEMBER 13, 2023
©iStock/Chansom Pantip VISA launched its 7th edition of its Global Back to Business Study , which found that a majority of surveyed small and micro businesses (SMBs) plan to prioritize cross-border sales as they look to scale beyond Main Street and High Street to new geographies. The survey focuses on four key themes, one being the shifting global small business mindset, which is moving from survival mode to growth mode.
Retail TouchPoints
SEPTEMBER 13, 2023
Target has entered a long-term partnership with Kendra Scott to launch an exclusive collection and dedicated shopping experience. Debuting on Oct. 22, 2023, the collection will feature more than 200 newly designed jewelry and accessories items at prices starting at $15 , with the majority of items priced under $40. The collection will be available online and via the Target app and, in select stores, at a dedicated Kendra Scott at Target experience within the jewelry and accessories department th
Retail Dive
SEPTEMBER 13, 2023
The retailer’s Live Shopper feature lets customers make last-minute changes while their order is being fulfilled.
Retail Gazette
SEPTEMBER 13, 2023
Birkenstock has unveiled its filing for an initial public offering on the New York Stock Exchange. The footwear company said on Tuesday that it had not yet determined the value of its flotation, however it is understood to be worth over $8bn. Birkenstock parent company L Catterton reportedly hopes to list the business the week commencing 9th October, the Financial Times reported.
Speaker: Joe Heather, Deliverect GM (UK&I)
Fast-Moving Consumer Goods (FMCG) and Quick Commerce (Q-commerce) are two vibrant sectors that have undergone significant transformations with the advancements in digital technology. With growing internet penetration and the proliferation of smartphones, consumers' purchasing habits have unsurprisingly evolved. They now demand quick, convenient, and seamless shopping experiences, which both FMCG and Q-commerce sectors strive to provide.
Shopping Center
SEPTEMBER 13, 2023
Fairview, Texas — Larks Entertainment has signed a 25,000-square-foot lease at Fairview Town Center in Fairview, with plans to open an entertainment center, cocktail bar and restaurant at the property. The… The post Larks Entertainment Signs 25,000-Square-Foot Lease in Fairview, Texas appeared first on Shopping Center Business.
Retail Dive
SEPTEMBER 13, 2023
The collaboration on a collection of affordable jewelry and accessories will hit stores with holiday shoppers in the mood for good deals.
RIS News
SEPTEMBER 13, 2023
In this conversation with RIS News, Viscata’s operations director, Guillaume Benoit outlines how taking a data-driven approach has allowed the company to improve its handmade products and services, improve return rates, and get closer to the needs of
Retail TouchPoints
SEPTEMBER 13, 2023
Commerce is expanding rapidly, especially within the retail sector. Recent data shows that overall U.S. retail sales have increased 8.8% year-on-year, with ecommerce specifically up 8.4%. However, challenges are inevitable, despite the resilient consumer spending we’ve seen earlier in the year. For example, purchase confusion can arise (and does) when a customer sees unfamiliar names or references on bank statements.
Advertiser: ZoomInfo
Shifting to an account-based marketing (ABM) strategy can be both exciting and challenging. Well-implemented ABM motions build engagement with high-value accounts and drive impactful campaigns that resonate with your audience. But where do you begin, and how do you progress from crawling to running? Watch now as Demand Gen experts delve into the essentials of each stage of the ABM process.
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