Mon.Jul 24, 2023

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Wesfarmers to merge back ends of Target, Kmart businesses

Inside Retail

Listed conglomerate Wesfarmers is merging its store networks Target and Kmart into a singular $10 billion business in a bid to boost returns and bring better value to customers. Ian Bailey will continue to oversee the enlarged Kmart group, while Target MD Richard Pearson is assigned to a new role within Wesfarmers’ health unit. Kmart CEO John Gualtieri will run the day-to-day operation of the combined Kmart and Target stores.

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Havas Study Highlights 5 Key Social Commerce Preferences of Gen Z and Millennials

Retail TouchPoints

It’s no secret that social commerce — that is, retail interactions that begin (and sometimes also end) on social media platforms — is big business. With 4.74 billion social media users globally active daily on platforms like Facebook , Instagram , TikTok and Snapchat , social commerce is expected to drive revenues of $492 billion this year, according to Global Payments.

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Choice at the checkout – why it matters

Inside Retail

Consumers have changed. The trend towards using self-service and self-checkout (SCO) options in both retail and hospitality was already strong, but the pandemic sent it soaring. Global research, conducted by Kantar for Glory Global Solutions, a market leader in retail cash recycling solutions, reveals that 80 per cent of consumers consider it important for retailers to provide a choice of checkout options.

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TikTok Furthers Commerce Ambitions with BNPL Partnership in Malaysia

Retail TouchPoints

TikTok has teamed up with buy now, pay later service Atome to offer installment payments on its ecommerce marketplace in Malaysia, CNBC reports. The new partnership will help “drive growth” and “enable merchants and small businesses to offer their customers a convenient and flexible payment option,” said Jonathan Low, Ecommerce Lead for Strategy and Special Projects at TikTok Shop in a statement to CNBC.

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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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McDonald’s plans $1 billion Australian restaurant rollout, upgrade

Inside Retail

Fast food chain McDonald’s is set to inject $1 billion into opening 100 new restaurants across Australia and upgrading its existing network. The company’s Australian chief Antoni Martinez says the company wants to capture the brand’s growing popularity and modernise its online offering. “I just think when you look at our performance at the moment, it’s a great opportunity for us to accelerate that growth,” Martinez told The Australian.

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To Email or Not to Email: The Pros and Cons of Retail Marketing Approaches

Retail TouchPoints

What works for you, likely doesn’t work for the next person. Some people check their email accounts hourly while others always have thousands of unread emails in their inbox. Some people have their app notification sounds on, while others may prefer to keep their phone light on apps altogether. With so many unique approaches to connectivity, retailers often struggle with effectively reaching their customers.

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Gap Picks New Leader for Athleta

Retail TouchPoints

Gap Inc. has named Chris Blakeslee as the new President and CEO of Athleta as of Aug. 7, 2023. Blakeslee will be tasked with driving strategic growth for the nearly $1.5 billion women’s active and lifestyle brand and certified B Corporation. He will replace Mary Beth Laughton, who has held these posts since September 2019. Blakeslee was most recently President of sister companies Alo Yoga and Bella+Canvas.

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Gap appoints Chris Blakeslee president and CEO of Athleta

Inside Retail

Apparel company Gap has appointed Chris Blakeslee as president and CEO of its US$1.5 billion women’s activewear brand Athleta, effective August 7. Blakeslee has broad experience in the apparel retail and wholesale industries, having served as president of sister companies Alo Yoga and Bella+Canvas since 2017 and held senior positions at Alphabroder. “Chris is a strong, decisive leader and proven business driver across multiple industries, including active apparel and wellness, making

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Brooks Running Speeds Up Sustainability Efforts with New Resale, Supply Chain Traceability Initiatives

Retail TouchPoints

Performance running footwear and apparel company Brooks Running has launched two new initiatives to enhance its sustainability efforts — a recommerce program powered by Trove and a partnership with TrusTrace to support its responsible sourcing initiatives. New Resale Program will Fund Other Sustainability Efforts Photo courtesy of Brooks Running The new ReStart recommerce program will see gently used Brooks footwear refurbished and resold, advancing the company’s goal of extending the life of Br

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Valentino names new executives as it eyes online expansion

Inside Retail

Italian luxury house Valentino has appointed three new executives as part of its strategy to expand its focus on online and marketplaces. The appointments follow the departure of the company’s chief brand officer Alessio Vannetti, who has served at Valentino since March 2020. His responsibilities will be assigned to the new functions of marketing and e-commerce & omnichannel.

Fashion 130
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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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Retailer confidence soars at The Boulevard

Retail Focus

Retailer confidence at Northern Ireland’s premier designer outlet is continuing to soar as existing tenants take more space to increase stock and add new lines. Long-time tenant, Mountain Warehouse is adding surf brand ANIMAL, taking an additional 1,116 sq ft adjacent to its existing unit, making its total footprint at The Boulevard 3,552 sq ft. The classic surf brand was first re-launched online after Mountain Warehouse acquired it in 2021, with a physical store roll out underway in strong

ATS 130
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LVMH strikes Paris Olympic Games sponsorship deal

Inside Retail

Luxury giant LVMH unveiled on Monday a deal to sponsor next year’s Olympic Games in Paris with top fashion brands Louis Vuitton and Dior, Moet Hennessy champagne and spirits labels and jeweller Chaumet, which will design medals for the event. The group will also sponsor athletes, including French swimmer Leon Marchand, and its beauty retailer Sephora will sponsor the Olympic torch relay, LVMH said.

Fashion 130
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Unveiling the Finest in Global Design and Display: Creative Retail Awards Reveal Shortlist for 2023

Retail Focus

The Creative Retail Awards are delighted to announce the Shortlist for the 2023 Awards. The Shortlist presents some of the very best in global retail, leisure, and hospitality design & display with projects including Flannels, Gaucho, Selfridges, Myriam K, Hamleys, Nike and many more. The panel of Judges found it even tougher than usual this year to Shortlist the entries, with exceptional quality submitted from all corners of the globe; from North America, across Europe, South Africa, and t

ATS 130
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Why New Balance is putting people at the heart of its new store concept

Inside Retail

New Balance recently revealed a new retail concept store at Paragon Shopping Centre in Singapore centred on experience and carrying a curated selection of footwear and apparel that caters to athletes and fashion enthusiasts. The 1,679 sq ft store is the third of its kind globally, with the first store of the same concept opening in Guangzhou, China, in December 2022 and the second in Boston, US, in February this year.

ATS 130
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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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Musk Makes Fan-Created ‘X’ Twitter’s New Logo in Abrupt Change

Retail Wire

Elon Musk has replaced Twitter’s iconic blue bird logo with a stylized “X” as part of his plan to transform the platform into an all-encompassing app. Musk invited his 149 million followers to suggest an “X” logo, and within 24 hours, he chose one of the designs to become the company’s new brand identity. The.

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Everything’s pink: How Barbiecore fashion has fueled a movie’s buzz

Inside Retail

Head to any clothing store this summer and you are likely to be hit with an explosion of pink. Barbiecore outfits, focused on the doll’s signature color, are dominating the fashion scene for a second straight year, helped by Mattel Inc’s all-out marketing blitz to build buzz for the “Barbie” movie that debuted in theaters on Friday.

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Popeyes Is Trying To Get In on the ‘Girl Dinner’ Trend, but Twitter Users Are Saying It’s Just the Regular Menu With a Fancier Name

Retail Wire

Popeyes is attempting to capitalize on the “girl dinner” trend by offering a menu consisting solely of sides. While some Twitter users praised the fast-food chain’s humorous take on the trend, others criticized it for offering nothing more than its regular side dishes with a fancier name. The “girl dinner” trend, characterized by small side.

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Temu is the fastest-growing online retail brand in Australia

Inside Retail

Chinese fast fashion retailer Temu has become Australia’s fastest-growing marketplace, says market research company Ipsos. Temu, which launched in April, is now the eighth-largest online retail brand in terms of audience size and registered more than 9.2 million users in June. The research also observed that computer hardware, cinemas, games & toys, ticketing, and pets registered an increase in sales for the month of June while flower shopping, photos, and automotive sales fell.

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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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Under Armour Makes Its Play as USWNT Set for Women’s World Cup Kick Off

Retail Wire

Under Armour, the sportswear brand, is making its mark in women’s soccer ahead of the FIFA Women’s World Cup. The company has unveiled two new products designed specifically for female athletes heading into this year’s tournament, including its first football shoe tailored for female feet. Additionally, Under Armour has opened a flagship store in Oxford.

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“Lead with heart”: Malaysia’s Vivy Yusof talks Barbie x Duck collab

Inside Retail

Malaysian modest lifestyle label Duck has unveiled its third international collaboration with Barbie, in conjunction with the release of the Barbie movie, starring Margot Robbie and Ryan Gosling. The limited-edition collection includes many of the brand’s best-selling products, from scarves to shopping bags to ready-to-wear fashion. According to Duck Group co-founder Vivy Yusof , the collection was inspired by the themes of courage and self-discovery in the film.

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Sports Drink Entrepreneur Mike Repole Takes Majority Stake in Sneaker Brand Nobull

Retail Wire

Beverage veteran Mike Repole, known for his success with Vitaminwater and BodyArmor, is buying a majority stake in the footwear and apparel brand Nobull. Nobull, founded in 2015 by former Reebok executives, is a training brand focused on providing high-quality sneakers and apparel primarily through online channels. Repole, through his private equity firm, sees great.

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Wilko receives cash injection from Hilco to secure future sale

Retail Gazette

Wilko has been given millions of pounds of additional funding to help secure its future by one of the high street’s most prolific investors and owner of Homebase and Cath Kidston, Sky News reports. Hilco has agreed to lend about £5m to Wilko as the general merchandise retailer faces an intensifying cash squeeze. The new debt adds to the £40m loan Wilko secured from Hilco back in January.

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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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Dream on Me, Which Bought Buy Buy Baby’s Intellectual Property, Snagged 11 of Its Store Leases at Auction, Could Reopen Stores

Retail Wire

Dream on Me Industries, a longtime supplier to Buy Buy Baby, has won the rights to 11 of the chain’s leases at a bankruptcy-run auction for approximately $1.17 million. After already acquiring Buy Buy Baby’s intellectual property, including its trademark and business data, for $15.5 million, the New Jersey-based baby retailer is now in a.

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The £1 price point is back as Poundland slashes prices on best-selling products

Retail Gazette

Poundland has reduced prices on its biggest-selling products, many back to a £1 price point across all its 800-plus UK stores. The move, dubbed ‘Operation Sell for Less’ will hit its 800-plus UK stores this morning as the discount retailer passes on the benefit of easing inflation and lower costs to customers. According to the business shoppers will see big selling lines come down in price, with many items now at over a third less than RRPs.

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The Unofficial Timeline of How Burger King’s ‘Have It Your Way’ Offer Ended Up With a Guy Ordering a $290, 100-Patty Burger in Bangkok

Retail Wire

Burger King’s iconic “have it your way” slogan has taken a bizarre turn with the introduction of a 100-patty burger in Thailand, costing nearly $300. This creative marketing stunt is the culmination of Burger King’s decades-long efforts to stand out in the fiercely competitive fast-food industry. Over the years, the brand has experimented with unique.

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Data: 85% of retailers are confident about growth in the next year

Retail Gazette

A new report released by Barclays ‘The New Retail Reality’ has revealed that more than 8 in 10 of retailers are confident about growth over the next year, despite recent cost of living pressures. Of the 601 retailers and wholesalers surveyed, 85% of them had a positive outlook on growth next year compared to the last 12 months. While the report proved that in-store shopping is here to stay in a post-pandemic world with 86% of retailers saying physical stores remain vital to their future plans.

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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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Inside Tiktok’s Effort to Woo Creators for Its Shopping Program, Including Cash Bonuses, Private Group Chats, and Other Perks

Retail Wire

As TikTok continues to dominate the social media landscape, the platform is enticing creators and influencers to stay loyal by launching a TikTok Shop. This new initiative offers cash bonuses, rewards, and access to exclusive groups to those who actively use the platform and contribute to its growth. By providing additional incentives, TikTok aims to.

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How to Influence Retail Buyers with ‘CPG Marketing Magic’

Rangeme

Calling all entrepreneurs, business owners, and product innovators! In an uber-competitive market, standing out is more crucial than ever for the success of your consumer packaged goods (CPG) brand. In this first in what will be a series of blogs, we will be taking you on a step-by-step journey on how to leverage the power of strategic branding, marketing, and advertising to influence retail buyers.

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Loewe Overtakes Prada: How the New Hottest Fashion Brand in the World Shot to Fame With Help From Beyonce, Rihanna, and Kylie Jenner

Retail Wire

Spanish fashion house Loewe has surpassed Prada to become the world’s hottest fashion brand, according to the Lyst Index. Searches for Loewe have surged by 19% in the last three months, attributed in part to celebrity collaborations with stars like Rihanna, Beyonce, and Kylie Jenner, who have been seen wearing Loewe’s designs.

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Selfridges’ £4bn takeover backed by Saudi wealth

Retail Gazette

Saudi Arabia’s sovereign wealth fund has been revealed as a private financial backer of the £4bn takeover of Selfridges. The Kingdom’s £500bn Public Investment Fund (PIF) acquired an interest in the luxury department store last August through Austrian property firm Signa Holding, The Telegraph reported. The PIF held a minority contribution of the Signa fund that acquired a 50% stake in the retailer, teaming up with Thai retailer Central Group for equal partnership.

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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