Thu.Jun 13, 2024

article thumbnail

Shein raises prices ahead of planned IPO

Retail Gazette

Shein has increased prices by over a third on some core items, likely to boost revenues ahead of its anticipated IPO, according to a recent analysis of its pricing strategy. Shein’s average price hikes surpassed those of fellow fashion rivals H&M and Zara , according to data from London-based research firm Edited, which compared prices on 1 June with those from a year earlier.

Planning 105
article thumbnail

Raising the Bar: A Grocer’s Guide to Dominating Alcohol Sales in a Drizly-Free Market

Retail TouchPoints

And, just like that, Drizly is out. As of March 2024, the departure of what was once the largest online marketplace for alcohol in North America has created a significant void in the adult-beverage industry. However, this void also presents a significant opportunity for grocers. With customers increasingly returning to in-store shopping, grocery stores are now in a prime position to reclaim and expand their share of the alcohol market.

Marketing 269
Insiders

Sign Up for our Newsletter

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

article thumbnail

Costco Fans Frustrated by Exclusive Canadian Food Court Favorites

Retail Wire

Costco enthusiasts in the United States have been left frustrated and envious upon discovering that a popular food court item available in Canada is not offered stateside.

288
288
article thumbnail

Really, Truly Fake: The RealReal ‘Opens’ Counterfeit Handbag Store on Canal Street

Retail TouchPoints

The RealReal makes a concerted effort to keep counterfeit luxury items off the market, removing approximately 5,000 fakes each month (a total of 250,000 since 2011). So what are these faux handbags doing in a RealReal retail store located on NYC’s Canal Street, a notorious knockoff hub? The answer is simple: the fakes, identified by The RealReal’s stringent authentication process, are decidedly not for sale (“hours” listed on the store’s window indicate it is closed Monday through Sunday).

article thumbnail

A Roadmap For Modernization: How To Break Free From Your Monolith Before July 31, 2026

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

article thumbnail

Johnson & Johnson Reaches $700 Million Talc Settlement

Retail Wire

The company reportedly misled consumers about the safety of its talcum powder products.

Consumer 279
article thumbnail

After Declining Amex, Ebay to Begin Accepting Venmo

Retail TouchPoints

Ebay has drawn a line in the sand when it comes to payments. After very publicly announcing last week that it would no longer accept American Express due to “unacceptably high fees,” today the online marketplace said it will be adding Venmo as a payment option in the U.S. as part of a “continued push to expand ways to pay and invest in digital natives.

More Trending

article thumbnail

Poshmark Turns Livestreams into Community Selling Events with New Live Posh Parties

Retail TouchPoints

Poshmark has introduced Posh Party Live , daily events that will each be merchandised to a unique theme such as summer neutrals or luxury goods. Taking place daily at 2 p.m. Pacific, the new offering brings together the platform’s Posh Shows seller livestreams with its popular Posh Parties feature, which allow any seller to share listings that fit within a given theme.

Fashion 264
article thumbnail

Starbucks Adds Combo Meals to Its Menu

Retail Wire

The coffee retailer is taking a significant step to make breakfast more affordable for its customers.

264
264
article thumbnail

Albertsons’ Retail Media Network Aims to Streamline CTV Advertising with new Collective TV Offering

Retail TouchPoints

Albertsons Media Collective , the retail media arm of Albertsons Companies , has debuted Collective TV, a new solution designed to “unlock the combined value of retail media and TV.” The offering brings together a variety of connected TV (CTV) ad serving and measurement solutions, along with Albertsons Media Collective’s shopper data and insights, into a single platform from which advertisers can execute a wide range of CTV initiatives.

article thumbnail

How will Cotti Coffee take on its rivals amid fierce competition in China?

Inside Retail

China – the world’s fastest-growing coffee market – has experienced a downturn with significant players like Luckin Coffee and Starbucks reporting a decrease in sales in the first quarter of the year. Some experts attribute this to the intense industry competition, where prices are being lowered to attract customers. Cotti Coffee’s latest marketing move to offer all beverages for RMB9.9 without limit, is expected to add more pressure on its rivals to maintain their market share.

article thumbnail

Humans + Agents = Rethinking Enterprise Commerce with AI

AI agents already analyze trends, draft content, and trigger actions across leading commerce platforms. Yet most organizations still rely on workflows built for human‑only teams, losing speed, margin, and customer loyalty. Humans + Agents: Rethinking Enterprise Commerce in the Age of AI Collaboration shows how to close that gap. In one concise read you’ll see where agent gains surface first, how early adopters prove ROI, and which lean controls keep innovation moving without risking data or bran

article thumbnail

Denmark Recalls South Korean Instant Noodles for Being Too Spicy

Retail Wire

This ramen product could cause acute poisoning in some consumers.

Consumer 246
article thumbnail

“Flexibility is key”: Your Reformer’s founder on building a productive workplace

Inside Retail

After 13 years of running gyms, Emma Stallworthy felt it was time for a change and founded the at-home reformer pilates business Your Reformer, with her husband Ben Stallworthy in 2021. Before this, Stallworthy and her partner, now husband, built and owned a successful chain of fitness studios, which they sold for over $6 million in 2021 before going all in on Your Reformer.

article thumbnail

Why HOKA Raced to Midtown for its First Global Flagship

Retail TouchPoints

Initially a cult classic among runners and exercise fiends, HOKA is now undeniably a mainstream phenomenon. In fact, HOKA parent company Deckers revealed in its Q4 and results for fiscal 2024, which ended March 31, 2024, that the brand’s net sales for the quarter increased 34% year over year, while its full fiscal year net sales increased 27.9% over 2023 , reaching $1.8 billion.

article thumbnail

NRF Day 3: Fish with QR codes, cookies at Hermes. Tales from the main stage

Inside Retail

In a supermarket in southern China, live fish swim around in a glass tank bearing a QR code for customers to scan for information about where the fish is from and details of provenance and sustainability in its farming or capture. Welcome to the world of grocery retailing in Mainland China, where technology has changed the way consumers of all ages shop for goods and pay for them, a key feature of the third and final day of NRF Apac, in Singapore this week.

ATS 260
article thumbnail

5 Tips for a Winning Category Management Strategy in 2025

Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.

article thumbnail

Harps Food Launches In-Store Retail Media via Grocery TV Network

Retail TouchPoints

Arkansas-based grocer Harps Food Stores is adding its 145 stores to the Grocery TV in-store retail media network. Harps will leverage Grocery TV’s end-to-end in-store retail media solution to engage shoppers with digital displays throughout its stores in Arkansas, Kansas, Louisiana, Missouri, Mississippi and Oklahoma. The Harps team also will be using Grocery TV’s Content Management System to launch and track in-store digital campaigns in order to increase the visibility of marketin

Grocer 162
article thumbnail

Microsoft Takes Responsibility for Tech Hack

Retail Wire

Microsoft previously denied any responsibility in the hack.

162
162
article thumbnail

New Era to acquire ’47, creating $2 billion global sport and lifestyle group

Inside Retail

Lifestyle brand New Era has entered an agreement to acquire premium sports label ‘47 for an undisclosed sum. Following the acquisition, the combined company is expected to generate approximately $2 billion in annual revenue. The two brands said they will continue to grow their licensing partnerships with many of the largest global sports leagues and events.

Consumer 147
article thumbnail

Chick-fil-A’s Summer Camp for Kids Sparks Debate in Louisiana

Retail Wire

A Chick-fil-A franchise in Hammond, Louisiana, has sparked a mixture of intrigue and controversy with its new offering: Chick-fil-A Summer Camp for children.

147
147
article thumbnail

Cut Costs & Complexity: Smarter Fulfillment for Home, Furniture & DIY Brands

Late deliveries. Split shipments. Spiraling freight costs. For home, furniture, and DIY brands, fulfillment has never been more complex—or more critical. This report outlines how a smarter, AI-ready order management system (OMS) helps you reduce shipping costs, streamline project-based fulfillment, and ensure accurate inventory across every channel.

article thumbnail

J.C. Penney closing 4 stores in coming months

Retail Dive

The department store remains profitable, though net income plummeted nearly 90% last year and sales continued to slide.

article thumbnail

Elon Musk’s Optimism on $56 Billion Pay Vote Sends Tesla Shares Up

Retail Wire

Tesla's stock saw a boost in pre-market trading following Elon Musk's statement that shareholders are likely to approve his $56 billion disputed package and his proposal to relocate the electric carmaker's incorporation to Texas.

Marketing 130
article thumbnail

Adults account for more toy sales than preschoolers: report

Retail Dive

Nearly half of shoppers over the age of 18 purchased a toy for themselves in the past year, according to a report by Circana.

article thumbnail

Elon Musk Sued for Alleged Sexual Harassment at SpaceX

Retail Wire

Elon Musk continues to run afoul of things.

ATS 124
article thumbnail

What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

article thumbnail

Revolve Group opens first physical store

Retail Dive

The Aspen, Colorado, location comes after a successful pop-up shop and will feature collections from both Revolve and Fwrd.

Location 119
article thumbnail

General election: What the Conservative, Labour and Lib Dem manifestos mean for retail

Retail Gazette

The Conservatives, Labour, and Liberal Democrats have unveiled their manifesto this week ahead of the General Election on 4 July, with some policies having a host of implications for retail. From scrapping business rates to tackling retail crime, Retail Gazette compares the manifesto of the rival parties. Labour Conservative Lib Dems Business rates • Replace the business rates system in England • Cap corporation tax at 25% for the entire parliament. • Retain permanent full expensing for capital

article thumbnail

How retailers can fight theft without hurting customer experience

Retail Dive

Locked cases drive potential customers to online alternatives. Helpful associates assist customers while inconveniencing crooks.

article thumbnail

John Lewis TV sales skyrocket ahead of 2024 Euros

Retail Gazette

John Lewis has seen demand for its TVs skyrocket ahead of the 2024 UEFA European football championship, which begins this Friday (14 June). The department store said TV and AV sales had soared 47% compared to the same period last year, with shoppers spending on average 13% more on their home entertainment set up. It noted many consumers were upgrading to larger screens, with sales of 65” TVs more than doubling (104%) and 70” screens skyrocketing 123%.

article thumbnail

State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

article thumbnail

Figs taps Lululemon exec for CFO

Retail Dive

Sarah Oughtred spent almost 17 years at the activewear brand, where she helped scale the business from $270 million in revenue to about $10 billion.

ATS 111
article thumbnail

Tesco grows market share and sales in first quarter

Retail Gazette

Tesco has strengthened its market share and maintained its profit guidance for the year, after reporting a 4.6% rise in underlying UK sales for the first quarter. As a result, the UK’s biggest grocer has kept its forecast for retail adjusted operating profit of at least £2.8bn ($3.6bn) for 2024/25, up from £2.76bn in 2023/24. “We’ve continued to build momentum in the business, with strong volume growth across the UK, Republic of Ireland and Central Europe supported by easing in

Marketing 110
article thumbnail

Navigating ethics and AI in retail

Retail Customer Experience

Brands and retailers have embraced AI as a transformative force. Yet, with great power comes great responsibility.

110
110
article thumbnail

Winning New Exports

LS Retail

©iStock/Alberto Marrupe Gutierrez Whether you are based in Ireland or the United States, winning new exports comes in handy for newfound growth at your business. In this case, the Going for Growth program, which Enterprise Ireland and KPMG support, is designed to help female entrepreneurs achieve their growth ambitions by growing their sales, creating additional employment, and winning new exports.

ATS 110
article thumbnail

SEO vs. PPC: Which Strategy Is Best for Your Business?

When it comes to driving traffic and growing your online presence, businesses often ask: SEO or PPC—what’s the better choice? This guide breaks down the key differences between search engine optimization (SEO) and pay-per-click (PPC) advertising, highlighting their pros, cons, and best use cases. Whether you’re looking for long-term organic growth or immediate visibility through paid ads, we’ll help you determine which strategy—or combination of both—is right for your business.