RIS News
JULY 5, 2023
At the League of Leaders meeting earlier this month, Joe Mueller, Kellogg Company’s VP, industry and customer development, discusses how CPGs and retailers can reevaluate how their partnerships to deliver mutual value and elevate their performance.
Retail TouchPoints
JULY 5, 2023
While some fallen retailers return as “ghost IPs” that exist only to wring the final few dollars out of their names, Overstock CEO Jonathan Johnson has far more concrete plans for the company’s acquisition of Bed Bath & Beyond’s intellectual assets. The most eye-catching part of the plan — rebranding Overstock’s own website as Bed Bath & Beyond — is at the center of the strategy: a way to marry the best aspects of each company.
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Inside Retail
JULY 5, 2023
Trans-Tasman electronics retailer JB Hi-Fi has revealed a growth strategy for New Zealand that includes doubling its store network. In an email to Inside Retail , JB Hi-Fi’s MD for New Zealand, Tim Edwards (pictured above), said the retailer sees a “tremendous growth opportunity” in the country relative to its success in Australia. “Over the next three to five years, we are looking to double the size of our business as part of our ambitious growth strategy for New Zealand,” said Edwards.
Retail TouchPoints
JULY 5, 2023
As the online payments industry continues to evolve, new digital wallet solutions, such as mobile payment apps and e-wallet platforms, are becoming increasingly popular and reshaping the way consumers transact. As new payment options continue to gain traction, traditional payment methods, including credit cards, can’t compete with the convenience of digital wallets.
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.
Inside Retail
JULY 5, 2023
Australian burger chain Grill’d recently opened its first drive-thru restaurant in Brisbane as part of a broader expansion strategy to service new markets and embrace new channels. Grill’d – which is positioned as a healthier option than fast-food – is tapping into the significant global drive-thru food market. According to Cognitive Market Research, drive-thru was valued at over USD$620 billion in 2022, and is forecasted to increase at a compound annual growth rate of 5.62 per cent to 2030.
Retail TouchPoints
JULY 5, 2023
Burlington Stores reportedly will acquire 44 former Bed Bath & Beyond leases out of 109 put up for auction as part of bankruptcy proceedings, by far the largest share of these stores, according to court records seen by CNBC. The off-price retailer will pay $12 million for the 44 leases and $1.5 million for another six leases acquired outside the auction.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Wire
JULY 5, 2023
Nike has been a pioneer in omnichannel retailing, and its recent decision to pull back from wholesale distribution is a further example of its commitment to this strategy. In the past, Nike relied heavily on wholesale partners to sell its products. However, in recent years, the company has been shifting its focus to direct-to-consumer sales.
Retail Focus
JULY 5, 2023
Discover the healing power of the Japanese forests at Tatcha’s Forest Awakening Pop-Up, developed in harmony with exclusive retail partner Space NK to celebrate the launch of Tatcha’s NEW Forest Awakening Body Collection. Bringing the benefits of healing hinoki to London Step into the Tatcha Forest Awakening Pop-Up, developed in harmony with Space NK.
Retail Wire
JULY 5, 2023
Walmart is testing tiny stores in popular vacation destinations, far from its traditional big-box format. The stores are called General Markets and are about 1,500 square feet, which is about one-tenth the size of a typical Walmart. They carry a limited selection of products, including snacks, drinks, souvenirs, and beach gear. The first General Market.
Retail Focus
JULY 5, 2023
Shaftesbury Capital has announced that Gramicci, the outdoor and lifestyle clothing brand that specialises in hard-wearing apparel, has opened in Covent Garden, marking its global debut retail space. The 1,400 sq ft store, located at 3 Earlham Street, showcases the brand’s range of functional men’s, women’s and kidswear clothing, as well as its range of exclusive brand collaborations.
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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.
Retail Wire
JULY 5, 2023
Christmas Tree Shops, a Massachusetts-based home goods retailer, is planning to liquidate all of its stores. The company filed for Chapter 11 bankruptcy in May, and had hoped to close only 10 underperforming stores. However, the company defaulted on its $45 million loan last week, and is now expected to liquidate all of its 72.
Inside Retail
JULY 5, 2023
With shipping costs continuing to rise fuelled by inflation and supply-chain issues, a legacy of the pandemic era, retailers selling online are under intensifying margin pressure. But during a webinar hosted by Inside Retail managing editor of features and premium, Heather McIlvaine, several fulfilment and packaging experts highlighted the considerable potential for cost savings and warehousing efficiency through automation.
Retail Wire
JULY 5, 2023
The Federal Trade Commission (FTC) has proposed a new rule that would ban fake online reviews. The rule would prohibit companies from buying or selling fake reviews, suppressing negative reviews, and “review hijacking.” It would also bar company executives or insiders from leaving reviews of their products or services without disclosing their relationships.
Retail Gazette
JULY 5, 2023
H&M will trial a new store concept at one of its Manchester locations as it looks to update its store estate. The ‘Keep-The-Presence’ design, which will be added to H&M’s Market Street branch, forms part of the fashion retailer’s expansion strategy focused on integrating digital and physical channels to provide a holistic customer experience.
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.
Retail Wire
JULY 5, 2023
Bud Light has released a new ad, “Backyard Grunts,” in an attempt to win back conservative drinkers who were alienated by the company’s partnership with transgender influencer Dylan Mulvaney in April. The ad features Kansas City Chiefs star Travis Kelce and several other men grunting and sighing as they relax in various backyard settings.
Retail Gazette
JULY 5, 2023
THG CEO Matt Moulding is set to sell its Manchester headquarters with a real estate investor tipped to buy it. The ecommerce company’s HQ in Icon Business Park is currently owned by Moulding, who bought the site back in 2019 in a deal understood to be worth £250m. The 1 million sq ft business park, which is close to Manchester Airport, was completed in 2021 and includes five industrial units and an office.
Retail Wire
JULY 5, 2023
Jenny Craig, a weight-loss company that filed for bankruptcy in May, is being revived by Wellful Inc., a direct-to-consumer wellness business that also owns Nutrisystem. Wellful acquired the rights to Jenny Craig’s intellectual property for an undisclosed amount. The company said it plans to relaunch Jenny Craig as an e-commerce business, with members still able.
Retail Gazette
JULY 5, 2023
Tesco is to offer its 310,000 UK staff virtual appointment with a private doctor as the NHS continues to creak. The new initiative will give staff and their families access to unlimited GP appointments seven days a week, according to Reuters. It comes at a time where ongoing pressure on the NHS has left people unable to get appointments with their local GPs and ever-growing waiting lists for hospital treatments.
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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.
Retail Dive
JULY 5, 2023
The retailer defaulted on its bankruptcy loan terms and will have to close all of its stores if it doesn't secure a buyer by the end of this week.
Retail Gazette
JULY 5, 2023
JD Sports and Leicester City FC “colluded to restrict competition” in the sales of the football club’s clothing, including its replica kit, the CMA has found. The pair admitted to breaking competition law across three seasons. In August 2018, JD Sports agreed to stop selling Leicester City-branded clothing online for the 2018/19 season and in January 2019, agreed that it would not undercut the football club online by making the club’s merchandise exempt from its free onli
Retail Times
JULY 5, 2023
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The world’s most famous Grand Slam tennis tournament steeped in history and prestige kicked off yesterday, and Wimbledon will be beamed to tennis fans around the world. In celebration of this significant event, Polo Ralph Lauren eyewear – part of EssilorLuxottica brands portfolio – unveils the new Polo Ralph Lauren X Wimbledon collection of s
Retail Gazette
JULY 5, 2023
Asda owner Mohsin Issa has been asked to appear in front of MPs as they demand answers over its fuel pricing. Issa has been requested to attend the Business and Trade Select Committee later this month to clarify statements made by Asda chief commercial officer Kris Comerford last week. Issa and Asda have yet to confirm whether the supermarket owner will attend.
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
Cisco Retail
JULY 5, 2023
Hidden where you would least expect it in Amish country, Pennsylvania, Rock Lititz 108-acre campus provides an ideal environment for the biggest names in live music to develop and perfect their live… Read more on Cisco Blogs
Retail Gazette
JULY 5, 2023
A subsidiary of Carpetright owner Nestware Holdings has bought online flooring specialist UK Flooring Direct in a pre-pack administration that has saved all jobs at the firm. The etailer has been snapped up by Keswick Flooring, a subsidiary of Nestware Holdings, from administrator Teneo Financial Advisory and all 85 employees have been retained. Joint administrator Paul Meadows said that the sale gives the business “the strategic backing it requires to fulfil its ambitions”.
RIS News
JULY 5, 2023
The discount retailer is reportedly going out of business and plans to shutter its remaining 72 stores unless it can find a buyer in the next few weeks.
Retail Gazette
JULY 5, 2023
TV shopping channel Ideal World has been suspended and had its website taken offline. The news means 250 staff at the Peterborough-based company could potentially face layoffs. Revealing the update on its website and Facebook page, the station said: “‘We regret to inform you that Ideal World have had to temporarily suspend broadcasting and our website. “We’re sorry for any inconvenience caused; we hope to be back online as soon as possible” The TV programme , broadc
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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.
Retail Wire
JULY 5, 2023
Here are some of the key points of the article:
Retail Dive
JULY 5, 2023
The retailer has plotted its European expansion as part of its growth plan to reach $12.5 billion in revenue.
RIS News
JULY 5, 2023
The company’s new M0.0NSHOT hightop sneakers use specially sourced materials to achieve a carbon footprint of net 0.0 kg CO2. Allbirds is calling on the rest of the fashion world to copy its method and is giving away the “recipe” for public use.
Dezeen
JULY 5, 2023
Designer Keiji Ashizawa has devised the interiors of The Conran Shop Daikanyama in Tokyo , which is located inside a building by architect Fumihiko Maki and spotlights products from Japan and Asia. The latest outpost from British retailer The Conran Shop is located in the modernist Hillside Terrace in Daikanyama, a quiet area close to the Tokyo city centre.
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
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