Tue.Nov 26, 2024

article thumbnail

Three Things Consumers Value More than Price When Choosing a Brand

Retail TouchPoints

Money isn’t the only thing that makes the world go ‘round. There are many reasons why consumers choose the products they buy and the brands they buy them from. Certainly, the price is high among them. However, according to the latest research from Marigold’s recently published Relationship Marketing Trends: Brand Rankings Report , there are things consumers look for beyond price that drive purchase decisions.

Consumer 259
article thumbnail

Domino’s Pizza Stake Purchased by Warren Buffett’s Berkshire Hathaway Group

Retail Wire

Warren Buffett's Berkshire Hathaway Group has purchased a huge stake in Domino's Pizza, and the investor's reasons for the purchase may be surprising.

330
330
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reviving Waverley Mills with innovation and sustainability

Inside Retail

Walking the windswept grounds of Waverley Mills on the outskirts of Launceston, Tasmania, it’s easy to imagine what Australia’s oldest working textile mill was like in its heyday. Founded in 1874 by Scotsman Peter Bulman on the banks of Distillery Creek, the mill once commanded 80 per cent of the Australian blanket market and employed more than 300 people to card, spin, dye, weave and finish a wide range of woollen products.

Consumer 246
article thumbnail

Dog Treats Recalled by FDA Due to Salmonella Risk

Retail Wire

The recalled dog treats are being sold in 19 states.

299
299
article thumbnail

Is Your Business AI-Ready? Find Out with Orium’s Maturity Model

Generative AI is poised to redefine B2B, but scaling AI success in this space isn’t without obstacles. From fragmented data sources and complex buyer journeys to operational inefficiencies, the road to AI-powered growth can be challenging. To achieve a competitive edge, understanding your organization’s AI-readiness is essential. Orium's Data & AI Maturity Model provides a quick, actionable way to assess your starting point.

article thumbnail

Harvey Norman posts higher sales from July through October

Inside Retail

Harvey Norman posted higher aggregated sales between July 1 and October 31 compared to the same period a year ago. Aggregated sales are from wholly-owned, majority-owned, and independent franchised complexes across various countries. Among all its markets, Malaysia had the highest sales growth of 8.2 per cent, followed by the UK at 7.6 per cent. Slovenia and Croatia rose 4.4 per cent, while Australian franchisees increased 3.2 per cent and Ireland jumped 1.5 per cent.

Finance 264
article thumbnail

Abercrombie & Fitch Reports Stunning Q3 Earnings, Expects Strong Holiday Shopping Season

Retail Wire

Abercrombie & Fitch has been doing something right, as its latest earnings report shows significant growth.

Shopping 278

More Trending

article thumbnail

Best Buy Misses All Targets in Q3 Earnings Report, Stock Tumbles

Retail Wire

Best Buy recently revealed a disappointing Q3 earnings report, causing stocks to tumble.

263
263
article thumbnail

Struggling Kohl’s Snags Michaels CEO to Lead Company

Retail TouchPoints

Kohl’s has named Ashley Buchanan, CEO of Michaels , as its new CEO, effective Jan. 15, 2025. Current Kohl’s CEO Tom Kingsbury will be stepping down on that date but will remain as an advisor and board member until his planned retirement in May 2025. The department store retailer announced the C-suite change along with its financial results for Q3, which ended Nov. 2, 2024.

Apparel 241
article thumbnail

Unilever to build US$105 million ‘digital-first’ fragrance house

Inside Retail

Unilever is investing €100 million (US$105 million) to build a “world-class, digital-first” fragrance house, aimed at boosting the expansion of its fragrance segment. The fragrance house will be powered by digital and AI technology, as well as neuroscience techniques to better understand how smell affects mood and enhances emotional wellbeing.

Consumer 262
article thumbnail

La-Z-Boy Embraces Experiential Retail in New Chicago Store

Retail TouchPoints

La-Z-Boy has opened a 12,600-square-foot showroom in Chicago’s Lincoln Park neighborhood designed to immerse customers in the transformational power of comfort. Key elements include a Recliner Runway, where shoppers can learn more about product features or build a customized recliner using a digital touchscreen, as well as nods to lifestyles such as “Urban Modern,” “La-Z-Girl” and “Gamer.

Consumer 229
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

article thumbnail

Walmart Cuts DEI Programs, Following Ford, Lowe’s, and Others

Retail Wire

Walmart is curtailing its commitment to DEI programs.

246
246
article thumbnail

Walmart Joins Growing List of Brands Backtracking on DEI Initiatives

Retail TouchPoints

Walmart , the world’s largest retailer, is rolling back a number of its diversity, equity and inclusion (DEI) initiatives, multiple sources report. The backtrack is wide-ranging and includes : A decision not to renew the operation of an equity racial center set up in 2020; Pulling out of the Human Rights Campaign’s LGBTQ+ rights index; No longer giving priority treatment to suppliers based on race or gender; Stopping the usage of the terms “DEI” and “LatinX” in its commun

Marketing 226
article thumbnail

Target Adds Exclusive Bogg Tote Bags to Its Lineup of Must-Have Holiday Items

Retail Wire

The limited-edition Bogg Bag sports Target's Bullseye logo.

246
246
article thumbnail

Walmart, NBCU to Kick Off Shoppable Live Sports Partnership with Thanksgiving Game

Retail TouchPoints

NBCUniversal and Walmart have collaborated on a series of new shoppable TV experiences and measurement capabilities for the network’s linear and streaming live sports coverage that will kick off Thanksgiving night. The partnership includes an integration with Walmart’s Connect retail media platform, which will provide advertisers with more in-depth campaign reporting.

article thumbnail

Is Your Brand AI-Ready? Find Out with Orium’s Maturity Model

Generative AI is reshaping retail, but achieving true AI success isn’t simple. Many brands face hurdles—underdeveloped data strategies, limited AI-ready infrastructure, or lack of seamless integration across systems. As you explore how AI can boost efficiency and transform customer experiences, understanding your business’s readiness is key. Orium's Data & AI Maturity Model offers a clear starting point.

article thumbnail

Zoom Reports Bold Q3 Earnings, Unveils New Name To Reflect AI Transformation

Retail Wire

Zoom also projects a strong earnings report at the end of the current fourth quarter.

ATS 243
article thumbnail

Influencer Overload? How to Navigate the World of Influencers in a £21 Billion Industry

Retail Focus

The influencer marketing industry was priced at £21 billion in 2024 and is projected to rise to £25 billion pounds by the close of 2024. Consumers commonly invest in the product recommendations of their chosen influencer; others are turned away by what they deem inauthentic content. In the run-up to Christmas and in the digital age of the investigative consumer, Somebody Digital reveals how brands and consumers alike can cut through the noise to uncover genuine, impactful influence.

article thumbnail

True Religion Sweetens Loyalty Program with ‘Can’t Buy’ Experiences

Retail TouchPoints

True Religion has rebranded and retooled its loyalty program ahead of the holiday shopping season. Formerly known as True Fam, the expanded program (which now goes by True Rewards ) will lean into omnichannel capabilities and “can’t buy” experiences, such as the chance to collaborate with the brand’s Team True creator community. True Rewards’ tiers have been renamed and redesigned to offer shoppers more flexibility and earlier redemption milestones.

article thumbnail

Can Asda veteran Allan Leighton return the supermarket to its former glory?

Retail Gazette

Asda has brought back its former CEO Allan Leighton as its executive chair, succeeding Lord Stuart Rose, in a bid to turn around the struggling chain. Leighton helmed Asda from 1996 to 2001 and is credited with turning around the struggling chain, alongside current M&S chair Archie Norman – pulling the grocer from the brink of insolvency to orchestrating its bumper £6.7bn sale to Walmart in 1999.

article thumbnail

NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot

I’m getting in touch with the news that fashion retailer, Gina Trictot, has achieved 98% inventory accuracy thanks to its partnership with SML RFID. Please see the full press release below, including exclusive quotes.

article thumbnail

Six new retail spaces in Australia: From Louboutin and Saint Laurent to Cue

Inside Retail

From Dior’s new beachside boutique in Sydney’s eastern suburbs to Cue’s Pacific Fair store showcasing its new direction, here’s a look at six new store openings from the last quarter. Christian Louboutin Sydney, New South Wales The plush red carpet welcomes patrons into Christian Louboutin’s new boutique, striking a sharp contrast to the glossy white floors of Sydney’s Westfield CBD mall.

Boutique 130
article thumbnail

Starbucks Is the Latest Victim of a Ransomware Attack

Retail Wire

Starbucks is the victim of a cyberattack on a third-party vendor used by the coffee chain.

130
130
article thumbnail

Treat your customers like VIPs to win Black Friday

Inside Retail

Black Friday and Cyber Monday mark the start of a global retail sales period that is the cornerstone of the year for many retailers. This year, however, brands will have to work harder than ever to draw the attention of consumers. Sinch’s own proprietary research shows that it will be harder for brands to win sales. After surveying 1200 consumers in Australia and six other major global markets, Sinch found that Aussies are divided on how liberal they’ll be with their debit cards this year: 33.9

Consumer 130
article thumbnail

Warren Buffett Wants All Parents To Do One Thing Before They Die

Retail Wire

Warren Buffett shared financial advice all parents should take heed.

130
130
article thumbnail

Mastering E-commerce Strategies to Drive Growth in B2B Distribution

B2B distributors and wholesalers: this webinar is for you! Discover the game-changing potential of composable commerce—a flexible, modern approach to e-commerce—and explore the strategies and technologies transforming the B2B landscape. Learn how to create custom digital experiences for your business from the leaders at Orium , commercetools , and Contentful as they walk through real-world examples, providing actionable insights on how to future-proof your business, integrate new opportunities s

article thumbnail

Self-Service Innovation Summit executive panel to share future predictions, strategy insights

Retail Customer Experience

This year’s Self-Service and Innovation Summit, hosted by Networld Media Group in Tampa, Florida from December 9-11 will culminate with “Thought leader roundtable: Executive predictions,” a panel dedicated to helping decipher fact from fiction and providing practical advice for building your business.

128
128
article thumbnail

Stop & Shop Recently Experienced a Cybersecurity Attack. Here’s How They’ve Made It up to Customers

Retail Wire

Stop & Shop was recently the victim of a cybersecurity attack, but the grocer is trying to make it up to customers.

Grocer 130
article thumbnail

Sosandar sales drop 27% but profits improve as full-price strategy pays off

Retail Gazette

Sosandar has posted a 27% drop in sales for the last six months, as it shifted its pricing strategy to encourage customers to pay full RRP. The fashion retailer narrowed its pre-tax losses by 50% to £0.7m in the half to 30 September as sales fell to £16.2m, down from £22.2m a year earlier. The decline in revenue was attributed to Sosandar’s transition away from frequent price promotions, reducing the number of discounts on its site by 85%.

Fashion 111
article thumbnail

Why stores still spark joy around the holidays

Retail Dive

Online shopping has surged over the years, but it’s hard to replicate the discovery — and fun — of going to stores.

Shopping 116
article thumbnail

eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

article thumbnail

Frasers acquires South African sporting goods leader Holdsport

Retail Gazette

Frasers Group has snapped up South African sporting and outdoor retailer Holdsport from Old Mutual Private Equity and Holdsport’s management, in a bid to “diversify its product range and geographic reach” The Sports Direct owner said Holdsport has “well-established relationships with major international brands”, including Nike, adidas, Asics, Hoka, and Garmin, supported by their own brand portfolio including First Ascent, Cape Storm and OTG.

article thumbnail

Amid setbacks in its turnaround, Kohl’s lowers guidance again

Retail Dive

Traffic, sales and profits declined in Q3, and the department store is reversing course in some areas after its tactics backfired.

article thumbnail

JD Sports acquires French sneaker leader Courir to boost European expansion

Retail Gazette

JD Sports has completed the acquisition of French sneaker retailer Courir in a €520m (£433m) deal, following European Commission approval as the group continues to expand its presence in Europe. The sportswear giant said “Courir is a market leader in sneakers in France”, which is Europe’s largest sneaker market. It said the move “reinforces our position within Europe” as Courir operates 323 stores across France, Spain, Belgium, the Netherlands, Portugal, and Luxembourg.

Fashion 115
article thumbnail

Tomato Energy lights up Derbion with first retail store

A1 Retail

Energy provider aiming to shake up the market to help Derby shoppers lower their energy costs The letting continues Derbion’s progressive leasing plan of attracting new and innovative occupiers Derbion, the East Midlands’ premier retail and leisure destination, has agreed a lease with Tomato Energy for the energy company to open its first physical retail store.

article thumbnail

How to Maximize Amazon Sales and Crush the Competition

With over 9 million sellers on Amazon, online marketplaces are more crowded than ever. Whether you’re looking to fine-tune prices in real-time or align strategies across channels, this guide provides the tools to understand how to maximize sales and secure a lasting competitive edge. Download now to transform your pricing strategy and drive holiday success.