Wed.Feb 28, 2024

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Australia’s Top 50 People in E-commerce for 2024 revealed

Inside Retail

Matthew Horn, – group GM, customer and digital, with Country Road Group – tops the rankings of Inside Retail’s 2024 Top 50 People in E-Commerce , sponsored by CouriersPlease. A self-described “accidental digital native” Horn left a career in corporate law to join the early leadership teams at The Iconic and Uber Australia. Now at Country Road Group, he is one of the key leaders driving the company’s digital and technological transformation efforts.

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5 Ways Retailtainment is Reshaping OOH Advertising

Retail TouchPoints

Out-of-home (OOH) advertising has played an integral role in the media mix for decades due to its influence and impact. The vast majority ( 88% ) of U.S. adults have noticed an OOH ad within a one-month period and 78% of these consumers took some sort of action after, according to research from Morning Consult and the Out of Home Advertising Association of America (OAAA).

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Retail sales crept up in January, ABS data shows

Inside Retail

Australian retail sales inched higher in January, with food-related spending leading the growth. Australian Bureau of Statistics data showed that January retail sales rose 1.1 per cent on a year-on-year and month-on-month basis. “The rebound in January follows a sharp fall in December when consumers pulled back on spending after taking advantage of Black Friday sales in November.

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Family Dollar Fined $41M Over Rat-Infested West Memphis Warehouse

Retail Wire

Family Dollar has been fined a staggering $41 million over a rat-infested warehouse in West Memphis, Arkansas. This warehouse distributes food, cosmetics, and medical devices to more than 400 stores across the South.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

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.

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Mosaic Brands names Erica Berchtold as new CEO

Inside Retail

Mosaic Brands has appointed Erica Berchtold, former The Iconic CEO and Rebel Sport MD, as its new CEO. Berchtold succeeds Scott Evans who is retiring after serving the company for nearly a decade. “As we accelerate our big box and digital strategy, Erica not only has the right skillset to drive the future direction of the group but also a strong understanding of our customers as a former GM of of two of our brands,” said Mosaic Brands chairman Richard Facioni.

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Starbucks, Workers United Union Agree on ‘Constructive Path Forward’ for Organizing

Retail TouchPoints

Starbucks and the Workers United union have agreed on a framework for collective bargaining discussions for the nearly 400 stores represented by the union. They also have aligned on how to resolve litigation between the union and the company and are seeking to establish a fair process for workers to organize. As a sign of good faith, the coffee giant has agreed to provide workers who are union members with access to credit card tipping as well as the benefits provided to non-union Starbucks work

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Rent the Runway Taps New CMO, Sets Sights on Profitability

Retail TouchPoints

After a tumultuous few years, Rent the Runway is seeking a fresh perspective to drive its marketing and advertising efforts to drum up demand. Natalie McGrath, who has 20 years of experience, will join the company as Chief Marketing Officer (CMO), effective March 4, 2024. She will be the first person to take on the role since 2020 and will report directly to Co-founder, CEO and President Jennifer Hyman.

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Walmart Settles Grocery Overcharge Lawsuit

Retail Wire

Walmart is facing legal scrutiny after allegations arose that the company had been overcharging customers for groceries sold by weight.

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Using Prebuilt Data Models? You Should Be

Retail TouchPoints

In 1978, LEGO introduced a brand new line of construction sets branded LEGO Space. The sets in the series included parts and features built for science fiction adventure and were among the first to include the now-iconic LEGO minifigure. Winning toy of the year in Germany and the UK in 1979, LEGO Space helped drive a 50% increase in sales for LEGO that year.

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The seven golden rules for international e-commerce expansion

Inside Retail

The benefits of global e-commerce expansion are obvious: market diversification, new revenue streams, 24/7 business operations and increased brand awareness. While it’s tempting to go full steam ahead, it’s important to be strategic. Building a detailed plan will help minimise risk and focus you on those areas that will make the biggest impact for your business.

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Get MACH Ready: Preparing Your Business for Digital Transformation

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.

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Authentic to Extend AI-Powered Shopping Capabilities Across Brand Portfolio

Retail TouchPoints

Authentic , formerly known as Authentic Brands Group, has partnered with Fast Simon to help enhance merchandising, personalization and search capabilities across its extensive portfolio of brands. Authentic brands including Juicy Couture, Frederick’s of Hollywood and the newly launched Authentic.com already use the solution provider’s AI-powered technology, but now Fast Simon has become a preferred partner for other Authentic-owned brands such as DC Shoes and Reebok.

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MINISO Brings Joy to East London with Westfield Stratford City Grand Store Opening

Retail Focus

Globally renowned lifestyle retailer, MINISO has announced the opening of its newest store at Westfield Stratford City. Nestled in the heart of Westfield shopping centre, on the lower ground floor near McDonald’s, MINISO will be opening its doors to the public at 12 pm on Friday, 1 March. Spanning just over 2000 sqft, the new store will feature exclusive beauty collections, such as Mad Beauty and the renowned K-Beauty brand TONYMOLY.

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Booktopia’s revenue plunges amid transition to new fulfilment centre

Inside Retail

Booktopia Group ’s revenue plummeted in the first half of FY24, which the retailer attributed to issues related to the transition to its new fulfilment centre. For the half ended December 31, revenue was down 22 per cent year-on-year to $86.3 million, with units shipped also down 21 per cent to 3.1 million. The decline was attributable to operational disruption from the transition to the company’s new Customer Fulfilment Centre.

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New ZARA Store at atria Watford Opens Doors

Retail Focus

atria Watford, one of the UK’s most popular retail and leisure destinations, owned by property company SGS and asset managed by Global Mutual in conjunction with Savills as property managers, is pleased to announce that ZARA’s upsized store has opened at atria Watford. The newly opened ZARA store is located in a prime position in Charter Place and stocks the brand’s much-loved fashion ranges for women, men and kids.

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How Retailers Are Transforming Customer Experiences with Data & AI

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.

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Meet Minimalist, the fast-growing Indian skincare brand set for global growth

Inside Retail

Acclaimed Indian skincare brand Minimalist recently announced its strategic expansion into three dynamic markets: Singapore, Vietnam, and Australia. With a commitment to science-backed formulations and transparency, Minimalist is aiming to redefine skincare standards worldwide. At the helm is Mohit Yadav. With a rich background spanning finance, entrepreneurship, and brand development, Yadav embodies the brand’s ethos of innovation and consumer-centricity.

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Google Faces $2.3 Billion Lawsuit From Media Groups

Retail Wire

Google has found itself in a legal tussle as 32 media conglomerates, including Axel Springer and Schibsted, collectively filed a hefty 2.1-billion-euro ($2.3 billion) lawsuit against the company.

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Harvey Norman’s revenue falls on softer property yields, lower franchise fees

Inside Retail

Harvey Norman’s net profit fell amid lower revenue in the fiscal first half as large format retail property yields softened and franchise fees declined. The furniture and electronics retailer’s attributable net profit plunged 45.3 per cent to $200.01 million as revenue slid 8.2 per cent to $2.15 billion. Franchising operations segment revenue fell 14 per cent to $511.81 million while overseas company-operated retail segment revenue went up 0.9 per cent to $1.4 billion.

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Warner Bros. and Paramount Global Media Merger Talks Halted

Retail Wire

Warner Bros. Discovery has decided to halt discussions regarding the potential acquisition of Paramount Global, bringing an end to several months of speculation, according to sources familiar with the matter.

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Forrester Report: Demystifying The Technical Functions of POS Solutions

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.

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Australia Post unveils private-label lifestyle range, JoyUp

Inside Retail

Australia Post has developed its own-label retail product brand called JoyUp with an initial 50 items on sale. Available at more than 400 Post Offices, JoyUp includes various lifestyle products such as toys, back-to-school stationery, appliances, and accessories. More products will be released in stores over the coming months. Kayla Le Cornu, GM of retail product and supply chain, said the new line is part of Australia Post’s commitment to providing consumers with high-quality, low-cost i

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Starbucks Workers Union Agreement Signals Wage Hikes

Retail Wire

Starbucks workers in unionized cafes are set to receive pay increases mirroring those of their nonunion counterparts from May 2022. This development comes as the coffee giant and the Workers United union took a step forward in resolving their bargaining deadlock.

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Asda private equity owner acquires majority stake in Jollyes

Retail Gazette

The private equity owner of Asda has snapped up a majority stake in pet retailer Jollyes. The deal with TDR Capital will enable the pet specialist to invest in lower prices and accelerate its store opening programme to compete with rival Pets at Home. Details of the transaction were not disclosed, but the group’s current owner Kester Capital said the sale delivered a 4.2x return on its initial investment into the business in 2018.

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Wendy’s Clarifies Plans for Dynamic Pricing Menu

Retail Wire

Wendy’s has clarified its digital menu board plans amidst controversy over possible "surge pricing." CEO Kirk Tanner assured analysts that while new digital boards will enable dynamic pricing, surge pricing, akin to Uber's model, won’t be implemented.

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Mapping Digital Transformation: Retail’s Strategic Shift

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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Morrisons overhauls senior leadership team as it shapes up for ‘next chapter’

Retail Gazette

Morrisons has unveiled a host of management changes as CEO Rami Baitiéh begins shaping up his senior team for the supermarket’s next chapter. Former Coles liquor chief executive Darren Blackhurst will take the reins from Rachel Eyre as interim chief customer and marketing officer while she is away on maternity leave. Blackhurst returns to Morrisons from 18 March, having previously worked for the grocer between 2015 to 2019 primarily as group commercial director.

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Disney Teams Up With Reliance Industries in Indian Media Venture

Retail Wire

The Walt Disney Company has forged a partnership with India’s Reliance Industries, marking a departure from its solitary efforts to penetrate the Indian market.

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Kester Capital sells Jollyes, UK’s second largest pet retailer, for 4.2x return

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Kester Capital, a leading UK lower mid-market private equity firm, today announced that it has signed an agreement to sell its portfolio business, Jollyes Retail Group Limited (“Jollyes”), to TDR Capital. Jollyes is the second largest and best value pet retailer in the UK.

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TikTok To Bring in New Head of Global Trust and Safety

Retail Wire

TikTok has announced that it would be getting a new leader for its global trust and safety unit.

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The Personalization Playbook: 2024 Strategies

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.

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Frasers Group CMO exits and 20 jobs at risk amid marketing restructure

Retail Gazette

Frasers Group chief marketing officer Beckie Stanion has left her post and 20 jobs have been placed at risk as the company restructures its marketing team. The retail empire has launched a consultation period for the employees impacted by its move to “improve operational efficiency and delivery across all areas of marketing functions”, Drapers reported.

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J.Crew Partners With SuperCircle for New Recycling Program

Retail Wire

American fashion retailer J.Crew is providing a better option for those who have swimsuits they no longer want through its fiber-to-fiber (F2F) recycling program.

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John Lewis redundancies are paving way for ‘better quality jobs’, says director

Retail Gazette

John Lewis Partnership’s operations director has said the business is creating “better quality jobs”, despite plans to reduce its headcount by 11,000 in the next five years. Naomi Simcock said the retailer’s investment into driving efficiencies across certain areas of the business had allowed it to create more purposeful roles. Speaking at the Smart Retail Tech Expo this week, she said: “I was in one of our supply chain depots where we’re rolling out robots at the moment, and the picking robots

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Why are your store workers leaving?

365 Retail

It’s no secret that staff turnover in retail is high – higher than most other industries. The average turnover rate was 50.8 per cent in the first quarter of 2023 , with turnover highest with store workers (46 per cent), low in warehouse and distribution (3.3 per cent) and lowest in head office roles at 1.5 per cent. Of the total retail job vacancies, store vacancies accounted for a huge 87 per cent.

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How Personalized Customer Experiences Drive Retail Growth and Revenue

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