Tue.Jun 18, 2024

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Holiday Forecast: China-Direct Discount Apps will Attract Value-Conscious Consumers

Retail TouchPoints

It can be a bit jarring to start worrying about the holidays just as summer is powering up, and yet that’s exactly what many retailers are doing, particularly as the socio-economic environment continues to throw curveballs at commerce. “The global economy is still in flux,” said Rob Garf, VP and General Manager of Retail and Consumer Goods at Sales f orce at a recent media briefing.

Consumer 290
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City Chic sells Avenue to US retail group

Inside Retail

ASX-listed City Chic Collective has agreed to sell America plus-size apparel brand Avenue Stores to US-based FullBeauty Brands for an undisclosed amount. With a history dating back more than 40 years, Avenue offers plus-size clothing to value-conscious women aged 25 to 55. The company closed its 220+ stores across 35 US states in 2019, and currently operates as an e-commerce business.

Apparel 299
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NYC Amazon Union Workers Vote to Join Teamsters International

Retail TouchPoints

In a near-unanimous vote, members of the Amazon Labor Union (ALU) in New York City will join the 1.3 million -member International Brotherhood of Teamsters (IBT). The newly chartered ALU-IBT Local 1 will represent the approximately 5,500 Amazon warehouse workers at the JFK8 distribution center in Staten Island, N.Y., and also will have jurisdiction over the company’s warehouse workers across the five boroughs.

ATS 264
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Dan Murphy’s to roll out electronic shelf labelling system across all stores

Inside Retail

Liquor retailer Dan Murphy’s will roll out the Electronic Shelf Labels (ESLs) at all 273 branded stores by the end of this month. ESLs are digital displays beneath products that are operated from a centralised system, allowing the retailer to update its prices within minutes. The company considers the technology an important way to elevate the customer experience and drive large-scale efficiencies.

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Optimizing Frontend Delivery in Composable Commerce: The Buy vs Build Decision

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Amazon Teams with GroupM to Help Brands Leverage New Shoppable TV Channel

Retail TouchPoints

Amazon has teamed up with media investment company GroupM to co-develop original, shoppable content for the new Amazon Live free ad-supported TV (FAST) channel , which launched in April 2024 on Amazon’s Prime Video and Freevee streaming TV services. The mobile experience that sits alongside Amazon Live’s streaming TV content. (Image courtesy Amazon) The partners will work together to create content that merges entertainment with branded experiences, by helping brands authentically infuse p

Shopping 264
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Three businesses, three takes on navigating the dip in discretionary spending 

Inside Retail

Consumer confidence is down, but retail rents are on the rise, and by June 30, it’s tipped that over 10,000 retail companies will enter external administration. KPMG’s latest Retail Health Index suggests that nominal growth is practically non-existent and industry insolvency numbers are higher than pre-pandemic levels. Lack-lustre consumer confidence has led to tightened discretionary spending across the nation and is being felt from fashion to footwear and everything in between – ex

Consumer 279

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City Chic may divest Avenue brand, launch capital raising

Inside Retail

City Chic is expected to divest its Avenue brand, with the Australian Securities Exchange agreeing to suspend trading of the shares of the women’s fashion retailer pending an announcement. City Chic also said it intends to launch an equity capital raising through a fully underwritten institutional placement and a fully underwritten pro-rata accelerated non-renounceable entitlement offer of new fully paid ordinary shares.

Fashion 279
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Pizza Hut Shutters 15 Locations Amid Legal Battle With Franchisee

Retail Wire

In a sudden move, Pizza Hut has closed 15 of its locations in the Midwest, with over 120 more at risk due to an ongoing legal conflict with its franchisee, EYM Group.

Location 265
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Ksubi opens first Australian flagship store, in Melbourne

Inside Retail

Ksubi has opened its first Australian flagship store in Melbourne, marking the streetwear brand’s return to the land Down Under where it was born. The 140sqm store is located at 321 Little Bourke Street. Ksubi collaborated with Melbourne creatives on exclusive in-store offerings, which include a limited-edition Melbourne city tee, designed by local contemporary artist Mayonaize.

Fashion 278
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Krispy Kreme & ‘Friends’ Doughnut Collaboration: What We Know

Retail Wire

Here's everything we know about the Krispy Kreme and "Friends" collaboration.

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Innovation Fest: Summer of AI

Join Bloomreach at Innovation Fest: Summer 2024, a virtual event, to explore the future of personalized marketing and merchandising! Along with the company’s top product experts, CEO Raj De Datta will provide an exclusive look at the company’s latest AI innovations reshaping the omnichannel experience. Don’t miss out on this exciting opportunity to connect with fellow industry leaders and explore the latest trends in retail technology.

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How Aussie retail brands are cashing in on Euro summer

Inside Retail

With global travel sales on the rise, the retail industry is looking for ways to cash in on consumers’ holidays abroad. Due to the current economic climate, many consumers have become more discerning with where they spend their money. Last year’s overseas travel boom challenged many brands as consumers pulled back on domestic non-essential shopping – this year it appears that they have taken notes.

Boutique 246
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McDonald’s CFO Highlights Marketing’s Shift Into Key Business Growth Driver

Retail Wire

According to McDonald’s CFO Ian Borden, global CMO Morgan Flatley has successfully reshaped the role of marketing within the company.

Marketing 246
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Simon and CAMP Partner on New Play-and-Shop Spaces in Philadelphia and Houston

Retail TouchPoints

CAMP is partnering with mall operator Simon to bring its “play-and-shop” concept to Philadelphia and Houston over the next two years. In 2024, CAMP will open at the King of Prussia mall near Philadelphia, while the new Houston location will land at The Galleria in 2025. Both locations will span more than 10,000 square feet and feature a rotation of immersive shows and experiences that are stationed behind CAMP’s signature Magic Door.

Shopping 264
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Amazon Pharmacy Expands RxPass to Medicare Beneficiaries

Retail Wire

Amazon Pharmacy has announced that its RxPass subscription service is now available to Prime members on Medicare.

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Composable Commerce Reference Architecture 2024 Edition

Achieve more with your commerce with the help of Orium’s Composable Commerce Reference Architecture 2024 Edition. Presented in partnership with commercetools, Contentstack, and Google Cloud, this edition is packed with new insights and practical examples to help you navigate changes in digital commerce and construct an adaptable tech stack optimized for efficiency and scalability.

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Retailers say they are at risk as RBA keeps interest rates on hold

Inside Retail

Retailers said they are being put at risk as the Reserve Bank of Australia decided to keep interest rates at 4.35 per cent this month. RBA Governor Michele Bullock said that the central bank maintained the current rates as inflation has significantly declined since its peak in 2022. The RBA said that real disposable incomes have stabilised and are expected to improve later this year, supported by lower inflation and tax cuts. “Retail trade and consumer confidence are at an all-time low, pu

ATS 147
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Apple Is Discontinuing Its Pay Later Option

Retail Wire

Apple has announced that it is discontinuing its pay-in-four option.

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Family jeweller Lannah Dunn opens two boutiques in Queensland

Inside Retail

Family-owned jewellery house Lannah Dunn has opened two boutiques in Queensland: one in Brisbane and a flagship in Russel Street, Toowoomba. The Brisbane location –opened in May – will showcase the brand’s original and vintage-inspired jewellery, such as the signet ring and monogrammed solid gold pieces. Meanwhile, the flagship gallery aims to offer clients an “elevated and personalised” experience with private offices, consultation rooms, and an expanded specialist workshop.

Boutique 147
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FullBeauty Enlarges Brand Portfolio with Avenue Purchase

Retail TouchPoints

FullBeauty Brands will buy the Avenue brand from City Chic Collective , a publicly traded Australian company. Financial terms of the purchase were not disclosed. This marks FullBeauty’s fourth acquisition in just over one year, following its purchases of Dia , an online inclusive fashion marketplace; CUUP , a digitally native size-inclusive intimates brand; and Eloquii , a digitally native vertical brand offering size-inclusive fashion and on-trend apparel that FullBeauty bought from Walmart in

Apparel 147
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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, 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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Retailers, your next pop-up store could be carbon-negative. Here’s how

Inside Retail

Pop-up stores or activations can last as little as a few hours or as long as a few months. However, most such displays carry a significant environmental cost once the activation is finished. That’s because they are traditionally built from MDF, a cheap material made from recycled woodchips – glued together with formaldehyde, a carcinogenic substance that renders the material unable to be repurposed afterwards and which takes years to break down in landfill.

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Nationwide Pet Insurance Drops 100,000 Policies

Retail Wire

Nationwide Insurance has decided to cancel coverage for around 100,000 pets, leaving many owners scrambling for alternatives.

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Can Lego overcome cultural challenges to tap into Asia’s emerging markets?

Inside Retail

Less than a month after appointing two new GMs in Asia Pacific – Cedric Roose as GM of India and Emerging Asia (IEA) and Nina Patricia Da Costa as GM of Singapore, Malaysia and Travel Retail – Lego Group has further deepened its roots in the region with the opening of Southeast Asia’s largest Lego store in the heart of Jakarta. “Indonesia is a vibrant nation with a strong potential for future growth,” Claus Kristensen, senior VP of Lego Asia Pacific, told Inside Retail.

Marketing 147
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FDA Authorizes Merck Vaccine for Adults Against Pneumonia-Causing Bacteria

Retail Wire

On Monday, Merck announced that the FDA has given the green light to its new vaccine aimed to protect adults from pneumococcus, a bacteria, which can lead to severe illnesses including pneumonia.

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The Pragmatic Guide to Composability

Be empowered to master the digital landscape and implement modular and adaptable composable technologies. Authored by Orium, The Pragmatic Guide to Composability takes readers on a journey from composable’s beginnings to common misconceptions about the approach, then concludes with strategies for choosing implementations that result in quick wins to grow your ROI.

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Sushi Sushi acquires rival chain Sushi Musa

Inside Retail

Australian sushi retailer Sushi Sushi has acquired Sushi Musa, including nine stores in suburban development areas in Sydney, Newcastle, and Canberra. Sushi Musa, which opened in 2018, earned a reputation for introducing theatre to the sushi train concept, with its experienced chefs demonstrating their fish-cutting skills and serving fresh food in front of customers throughout the day.

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US Surgeon General Proposes Social Media Warning Labels To Protect Young People

Retail Wire

On Monday, U.S. Surgeon General Vivek Murthy proposed that social media apps should display warning labels, underscoring the detrimental impact they can have on young people, particularly adolescents.

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What retailers need to know about Walmart’s investment in digital shelf labels

Inside Retail

Earlier this month, Walmart announced plans to roll out digital shelf labels (DSLs) to 2300 stores, half of its store network, by 2026. The move will allow the big-box retailer to update prices on over 120,000 products within just two minutes via its mobile app for retail workers called Me@Walmart. To put this in perspective, weekly updates for traditional paper shelf labels typically take two days for store workers to do manually.

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Six Flags and Cedar Fair Merger Finalizes July 1

Retail Wire

Six Flags Entertainment Corp. and Cedar Fair LP are poised to complete their merger on July 1.

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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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Centric Brands seals global licensing deal for Lionel Messi brand

Inside Retail

Centric Brands has signed a deal to design, manufacture and distribute Messi-branded lifestyle products. The product categories include men’s, women’s, and kid’s apparel, outerwear, sleepwear/loungewear, underwear, hosiery, swim, accessories, seasonal items, linen and home textiles and stationery/party supplies. All items will “embody the iconic spirit and global appeal” of Argentinian footballer Lionel Messi.

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Uber Eats couriers to pick, pack and pay for customer orders in supermarkets

Retail Gazette

Uber Eats couriers will start to pick orders in supermarkets as it revealed the number of shoppers who have placed a grocery order on its platform has nearly doubled in the last two years. With ‘courier pick and pack’, customers’ orders will be matched with an Uber Eats driver who is directed to the store where an app will guide them to find the right items.

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Amazon Labor Union votes to join Teamsters

Retail Dive

The new entity will represent around 5,500 Amazon workers on Staten Island and will have jurisdiction across New York City's five boroughs.

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Clintons new owner admits business is ‘worse than expected’

Retail Gazette

The new owner of Clintons has admitted the high street chain is in a “worse state than expected” and does not forecast a return to profit until December 2025. Cardzone Group trading director James Taylor told Retail Gazette: “We weren’t optimistic as to what we would find or the condition the business would be in, but we underestimated the task to turn it around.

Shipping 115
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From Concept to Deployment: Building Commerce Storefronts with Composable UI