Fri.Jan 05, 2024

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Rising Fast-Food Prices Spark Nationwide Concern

Retail Wire

The nation has witnessed a widespread uptick in fast-food prices, primarily attributed to the escalating operational costs, especially labor.

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Why Personalization Can Survive the Loss of Third-Party Cookies

Retail TouchPoints

Personalization is at something of a crossroads. The New Year saw a key step in the coming deprecation of third-party cookies, which have been one of marketers’ most powerful tools for tracking online activity for many years. A small group ( 1% ) of Google Chrome users are now eligible for Tracking Protection , which restricts the use of these cookies by default.

Consumer 284
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AMC Hits Record Low and Struggles To Improve

Retail Wire

AMC Entertainment Holdings Inc.'s stock is plummeting. The company's shares marked a record low yet again this Thursday, closing at a meager $5.30, down by 5%. This makes it the fourth day in a row of losses for the movie theater chain.

ATS 264
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Visa Debuts Web3-Based Loyalty Solution to Help Brands Engage with Consumers in New Ways

Retail TouchPoints

Visa has launched a new Web3 Loyalty Engagement Solution designed to “usher in the future of customer engagement and loyalty” with a suite of immersive products that brands can offer their customers, including gamified giveaways , augmented reality treasure hunts and new ways to earn and spend loyalty points. Consumers’ loyalty program preferences and expectations are e v olving , and while financial benefits are still seen as valuable, consumers also are increasingly seeking services and exper

Consumer 240
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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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Costco Gives Winning Response to Workers’ Union

Retail Wire

Costco workers in Norfolk, Virginia, voted to improve working conditions at the wholesale retail chain in December by unionizing, and the response from Costo was surprising yet went down very well with workers.

Wholesale 147
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Walmart Releases Software Development Kit to Simplify In-Game Commerce Integrations

Retail TouchPoints

Walmart has teamed up with gaming development platform Unity to offer its developers the ability to integrate Walmart commerce functionality into the games and apps they build. Unity is one of leading platforms for the development of real-time 3D content, with a suite of software and AI solutions that enable game and app developers to build and run immersive 2D and 3D content and experiences for mobile phones, tablets, PCs, consoles and augmented and virtual reality devices.

Apparel 236

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Sycamore Completes $1 Billion Chico’s Acquisition, Adds Brands to KnitWell Group

Retail TouchPoints

Private equity firm Sycamore Partners has completed its acquisition of Chico’s FAS in an all-cash transaction valued at $1 billion. The Chico’s , White House Black Market and Soma brands will now join the KnitWell Group , a holding company Sycamore Partners created for the Ann Taylor , Loft and Talbots brands in September 2023. With the addition of the Chico’s brands, KnitWell generates approximately $6 billion in annual sales.

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Eli Lilly Uses LilyDirect To Sell Weight Loss Drugs Straight to Consumers

Retail Wire

Eli Lilly is primed to redefine the traditional drug distribution model by vending their medicines, particularly their burgeoning weight-loss drugs, directly to consumers.

Consumer 147
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Parent of Performance Sports Brands Arc’teryx and Wilson Plans IPO

Retail TouchPoints

Helsinki-based Amer Sports , parent company of brands including Wilson , Salomon , Peak Performance and Arc’teryx , has filed for an IPO with the U.S. Securities and Exchange Commission. No information about the number of shares to be offered, their price or the IPO’s date is currently available. The company’s sports and outdoor brands offer apparel, footwear, equipment, protective gear and accessories and employ 10,800 people globally.

Planning 203
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Pharrell Williams’ First Collection for Louis Vuitton Is in Stores Now

Retail Wire

From music to menswear, Pharrell Williams marries his talents to make his mark in the fashion industry with his spring 2024 menswear collection for Louis Vuitton.

Fashion 147
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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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PrettyLittleThing films Australian campaign with social media stars in Fiji

Inside Retail

UK-based women’s fashion retailer PrettyLittleThing went to Fiji to shoot its Australian-exclusive campaign featuring five local influencers. The campaign highlights a curated selection of swim and resort wear for the Australian summer season, from monochrome bikinis to edgy cobalt blue cut-out one-pieces. The edit sees trending crochet cover-ups with Y2K-inspired silver statement suits for the ultimate it-girl holiday wardrobe.

Fashion 130
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FDA Gives Green Light To Import Cheaper Medications From Canada

Retail Wire

Florida has gained the right to import substantial amounts of medications from Canada, thanks to the authorization given by the FDA.

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From New Balance to Louis Vuitton: Why brands are tapping into tennis

Inside Retail

Old sport, New Balance approach. New Balance recently signed a three-year deal as the official performance apparel and footwear provider of the Australian Open and United Cup. This means the brand will have a retail presence at the Grand Slam Oval and a custom AO co-branded line of apparel. This partnership will also have the brand kitting out the ball kids at the United Cup played in Sydney and Perth between December 2023 and January 2024.

Apparel 130
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Consumer Reports Finds Alarmingly High Plastic Levels in Food

Retail Wire

Consumer Reports has been keeping an eye on bisphenols and phthalates in our food and food packaging for the last 25 years. Their recent tests indicate that despite known health dangers, these chemicals remain prevalent in our food.

Consumer 100
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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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Asda private equity owners to face grilling by MPs

Retail Gazette

Asda private equity owner TDR Capital is set to give evidence to the Business and Trade select committee on 9 January. The move follows evidence given by both GMB Union and the grocer’s bosses at a committee session before Christmas, which Asda co-owner TDR Capital did not attend. GMB national officer Nadine Houghton said: “It’s right that MPs will finally get the chance to hold TDR Capital to account on their co-ownership of Asda. “Too often shadowy private equity bosses are a

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Lululemon’s Founder Has Controversial Remarks About the Brand

Retail Wire

Chip Wilson, the founder and former CEO of the fitness apparel company Lululemon, does not seem to agree with the company's stance on diversity and inclusion.

Apparel 100
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Asda makes supermarket first as it price matches Aldi and Lidl on hundreds of products

Retail Gazette

Asda has become the first supermarket to price match both Aldi and Lidl across hundreds of everyday products. The supermarket is price matching the discounters on 287 comparable grocery products from today, having cut costs by an average of 17% to match whichever discounter has the lowest price on these items. Goods such as milk, bread, cheese, tea, coffee and fresh meat are included in the Aldi and Lidl price match.

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Florida Man Sues Dunkin’ After Exploding Toilet Leads to Injury

Retail Wire

The customer has filed a negligence lawsuit against the popular coffee chain.

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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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Next boss warns on stock delays amid Red Sea attacks

Retail Gazette

Next boss Lord Simon Wolfson has cautioned that the attacks on container ships in the Red Sea are set to delay stock deliveries and hit first quarter sales. The chief executive said it could take another two to two and a half weeks for its stock to reach the UK if ships are forced to continue bypassing the Red Sea. He said the attacks by Houthi rebels, which have forced ships to travel around Africa instead of through the Suez Canal, could result in “moderate sales” at the start of the year if t

Shipping 104
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Getting Phygital: Designing a NY Marathon Experience

Miller Zell

Citizens uses sponsorships to activate its brand outside of bank branches, and it partnered with Miller Zell to make a digital impact at the New York City Marathon.

ATS 105
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Amer Sports files for IPO

Retail Dive

The company behind Wilson tennis rackets and Arc'teryx winter sport apparel is focused on adding physical stores and growing its DTC presence.

Apparel 103
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Using AI to battle declining profitability in convenience stores

Retail Customer Experience

By leveraging first-party data and using AI in personalizing recommendations, inventory forecasting, and optimizing pricing, retailers can improve sales and reduce customer churn.

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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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Chico’s joins Sycamore’s KnitWell Group

Retail Dive

Last year the private equity firm announced it would acquire the apparel conglomerate for $1 billion.

Apparel 110
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AI ranks high on retail CX 2024 predictions

Retail Customer Experience

When it comes to 2024 retail customer experience leaders expect AI to play a starring role given its prominence in 2023.

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The Weekly Closeout: Conair names new president, CEO and what’s the path forward for Nike?

Retail Dive

Kristie Juster will take on both roles at the product company, while Nike is rethinking its relationship with DTC.

ATS 98
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ÂŁ90m Oxford Street revamp gets green light to kick off this autumn

Retail Gazette

Plans for a ÂŁ90m renovation of Oxford Street this have been given the green light by two thirds of respondents to a consultation of local people, businesses, and visitors. Westminster City council is set to move the programme forward with construction starting this autumn following feedback from over 1,600 people and support for all proposals included in the public consultation.

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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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CVS Pharmacy introduces 2-tiered loyalty program

Retail Dive

The drugstore retailer is offering a free tier and another that costs $5 per month, touting perks like discounts, same-day delivery and other incentives.

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Integrated Systems Europe 2024: A Hub of Innovation and Insight for Retail Professionals

365 Retail

Integrated Systems Europe (ISE) 2024 is gearing up to celebrate its 20th anniversary , marking a pivotal moment for professionals in the pro AV and systems integration sectors, especially those focused on retail. The event is set to take place from January 30 to February 2, 2024, at the prestigious Fira Barcelona Gran Via. This year, ISE promises a deep dive into retail technology and digital innovation, showcasing the latest trends and advancements in the industry.

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The Body Shop reaches all-vegan product formulations

Retail Dive

All current products have been certified by The Vegan Society, a goal the company has pursued since setting the target in 2021.

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Nisa retailers prepare for changing consumer behaviour in January

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Nisa retailers have been preparing for a change in consumer behaviour as people across the UK take part in Veganuary and Dry January. Many consumers across the UK will be kicking off 2024 by taking part in Veganuary, where people try a plant-based diet for the month of January, and Dry January, which involves giving […] If you want more information

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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