Tue.Nov 23, 2021

Harvey Norman profit tumbles 35 per cent from pandemic high

Inside Retail

Harvey Norman has been hit by falling sales and depreciating exchange rates, with global sales falling 8.8 per cent during the period between July and November, and unaudited gross profit falling 35.5 per cent between July and October, compared to the same periods of last year.

Off-price retailers best Q3 expectations but brace for the holidays

Retail Dive

The segment is mostly overcoming supply challenges while benefiting from full-price sales at other retailers, as consumers grapple with inflation

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Fashion label to close online store in protest at BFCM ‘frenzy’

Inside Retail

Sustainable knitwear brand, Mia Fratino, is set to shut its doors during the upcoming Black Friday/Cyber Monday shopping sale to protest against waste and over-consumerism. .

Dollar Tree pivots to $1.25 prices even as inflation-wary shoppers seek the retailer out

Retail Dive

The company saw a modest sales bump during the third quarter, with consumers chasing value. Meanwhile, supply chain costs have choked margins

How Flora & Fauna is keeping unwanted toys out of landfill

Inside Retail

Flora & Fauna founder and CEO Julie Mathers is committed to helping people reduce their waste through her eco-friendly online retail business.

How Not to Build DTC Retail Wrong

Retail Touch

Ten years ago, brands had a fear of upsetting wholesale partnerships.

Victorian retail saw a spike in customer abuse last week: ARA

Inside Retail

Australian Retailers Association boss Paul Zahra has once again called on the Victorian Government to do more to stop retail staff facing abuse from customers, after thousands of incidents were reported in the last week.

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Visa’s Amazon spat shows power is shifting to retailers in fee battle

Inside Retail

Amazon’s latest spat with Visa shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it’s not a crisis for the payment company.

Amazing Business Radio: Kiel Harkness

Shep Hyken

What the Holidays Mean for SMB’s. The Opportunities and Challenges Small and Medium-Sized Businesses (SMB’s)Will Face This Holiday Season. Shep Hyken interviews Kiel Harkness, Head of Global Marketing and Business Intelligence at UPS Capital®.

Shrink or grow? Predictions for online retail in 2022

Inside Retail

It’s beginning to look a lot like…the time of the year we make future predictions about the retail industry! It’s the season of giving, and not just holiday presents. It’s also the time commentators, experts, and consultants give their predictions of what the future holds for the next year.

Dr. Squatch rolls out personal care products at Walmart

Retail Dive

Following on the heels of its digitally native peers, an array of the brand's products will be available at over 1,600 physical locations

Comfort-focused furniture brand Maker & Son eyes APAC expansion

Inside Retail

Since launching in the UK in 2018, furniture brand Maker & Son has quickly established itself as a go-to furniture brand for comfort, with its popular Instagram videos of a woman throwing herself onto the large cushioned sofas captivating consumers.

Dollar Tree Products to Rise in Cost

VMS

Dollar Tree (Chesapeake, Va.) announced it will begin selling most of its products for $1.25 throughout its fleet of stores instead of $1, Reuters reports. The new strategy comes after pandemic-related challenges as well as rising freight costs, according to the retailer.

Starbucks creates 23 new jobs as first store in Aylesbury opens

Retail Times

A new Starbucks® store will open in Sainsburys, Gatehouse Road, Aylesbury, on Wednesday 24 November. The new store will be the first in the local area and will create 23 new jobs. Retail News Retailer News Starbucks

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Black Friday Thrift Store Deals in Vegas & LA

Thrifts and Tangles

Black Friday shopping is a great way to get deals for cheap. Did you know that thrift stores offer some amazing Black Friday Deals? You will get the best bang for your buck and be sustainable by choosing to thrift on Black Friday. Here is a list of the Black Friday Thrift Store Deals in […].

Dollar Tree rolling out $1.25 price point in all stores

Mass Relators

CHESAPEAKE, Va. Dollar Tree Inc. on Tuesday reported third-quarter results that were in line with Wall Street’s expectations, and announced that it would be rolling out a higher price point in all stores. Dollar Tree’s consolidated net sales for the quarter increased 3.9% to $6.42

Two-thirds of marketers fear Google’s cookie cull as they struggle to identify and serve customers online, Wunderkind’s data warns

365 Retail

An over-reliance on cookie-based customer tracking risks leaving marketers unable to identify—and therefore effectively market to—customers, latest data from consumer engagement platform Wunderkind reveals.

Hardware-Based Cyber Attacks

A1 Retail

By Bentsi Ben Atar, CMO and Co-Founder of Sepio Systems. When Covid-19 hit in early 2020, millions of people began working — and shopping — from the safety of their homes.

Target Commits to Remaining Closed On This and All Future Thanksgivings

Retail Touch

Target will close all its stores on Thanksgiving from now on, according to multiple media reports. The retailer closed on Thanksgiving 2020 and previously announced its intent to close this year, but the shift to annual closures is a new policy.

Retailers urged to ensure loyalty is the lasting legacy of Black Friday

Retail Times

We’re on the countdown to Black Friday 2021 - an event that has become one of the defining moments in the UK retail calendar and this year, it’s more important than ever. Comment In my opinion Opinion Time Retailer News Black Friday White Label Loyalty

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How Meta, QVC and Coresight Research Use Livestreaming to Drive Holiday Demand

Retail Touch

For decades, Black Friday marked the official start of the holiday shopping season and was one of retailers’ most critical sales days.

Mad Lords Plans Expansion

VMS

Mad Lords (Paris) is planning to expand its footprint with an additional three stores in 2022, Forbes reports. The fine jewelry boutique is planning to open new locations in Belgium, Brussels, and another on Rue St. Honoré, where the brand has an existing flagship.

YouTube Makes Major Push into Live Shopping with Holiday Stream and Shop

Retail Touch

In the last few years, YouTube has seen huge growth in live video, with more than half a million channels livestreaming for the first time in 2020. And as on many other online platforms, where there’s livestreaming there’s live shopping.

Authentic Brands No Longer Seeking IPO

VMS

Authentic Brands (New York) will no longer be working towards a planned initial public offering (IPO), according to CNBC. Instead the company will be selling equity stakes in its business to HPS Investment Partners and CVC Capital, in addition to a range of existing stakeholders.

NPD: Fragrance expected to boost beauty sales this holiday

Retail Dive

More than a quarter of U.S. shoppers are planning to buy a beauty product for the holidays, the report found

Walmart to Host First-Ever Shoppable Livestream on Twitter

Retail Touch

Last December, Walmart became the first retailer to launch a shoppable livestream on TikTok. Now the retailer plans to make livestreaming history again with the first shoppable livestream on Twitter , featuring singer/songwriter Jason Derulo. On Nov.

Target to keep stores closed on Thanksgiving for good

Retail Dive

After two years of temporarily shutting locations on the holiday, CEO Brian Cornell told workers that the company will continue doing so moving forward

Spring/Summer 2022 Apparel Trend Report

Independent Retailer

by International Market Centers. Atlanta Apparel’s in-house fashion office has released its semi-annual trend report, previewing the upcoming Spring/Summer 2022 colors, prints, and styles that retailers can expect to see in the coming months.

Your Shoppers Have Gone Omnichannel. Have You?

Retail Pro

It was a long time coming: Retailers have for many years positioned themselves with the technology and supply chains to become not simply multichannel, but omnichannel.

Product differentiation for FMCG brands in-store

Tokinomo

When customers step foot inside a grocery store, they are bombarded with options. As you know, the market is saturated and you need to find a way to differentiate your products. Without the right differentiation, customers won’t even consider buying your product, considering they have many options.

Music venture is helping UK businesses ‘tune-in to Christmas’ with music licensing guide

A1 Retail

Leicester-based music licensing company, PPL PRS Limited is hoping to support businesses and organisations this festive season by offering them a free Christmas music licensing guide to help them understand more about using music and how it could help them to make the most out of the season ahead. The guide, which is available to download from their website, offers advice for all businesses who are currently using music, or are thinking about introducing it over the Christmas period.

Can't Stop Talking About It: Global Supply Chain Woes

LS Retail

©iStock/Trifonov_Evgeniy Global small business owners and chief executive officers of big companies can’t stop talking about supply chain, and for good reason — logistical challenges are threatening the very existence of some smaller companies that just got past the worst effects of the Covid-19 pandemic.

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Heets tobacco sticks add Mauve variant for IQOS devices

Talking Retail

Philip Morris Limited (PML) has launched Heets Mauve, a new variant in its range of Heets tobacco sticks for the IQOS heated tobacco system. Heets Mauve is said to offer “a crisp menthol tobacco blend with a taste of dark forest fruits”.

Research reveals the Black Friday brands in demand

365 Retail

New research by card payment provider Paymentsense has revealed the brands with the most in demand Black Friday deals this year!

The Winter Village returns to Westfield London

A1 Retail

The Winter Village, in partnership with All Star Lanes and Westwood Sports Pub & Kitchen /ETM Group Ltd has returned to Westfield London! . . Located in Westfield Square, The Winter Village has returned to Westfield London this festive season. .

Pets at Home strengthens its position as leading UK pet retailer, says GlobalData

Retail Times

Following today’s release of Pets at Home’s figures for H1 FY2021/22; Georgina Sreeves, retail analyst at GlobalData, a leading data and analytics company, offers her view: “Pets at Home continues to capitalise on heightened demand driven by increased pet ownership as group revenue increased 18.0%

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Landsec fully-lets The Plaza at Bluewater with The Real Greek

A1 Retail

Landsec has announced the signing of The Real Greek, the contemporary Aegean restaurant, at Bluewater. The letting takes Bluewater’s Plaza to full occupancy, while introducing a new concept to add even more variety to the destination’s food and beverage line-up.