Wed.Jun 12, 2024

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In Retail Real Estate, Smaller Spaces See Big Demand

Retail TouchPoints

“Less is more” appears to be the new mantra for retailers and QSRs when it comes to square footage for their stores and restaurants. A report from commercial real estate company JLL revealed that in Q1 2024, more than two-thirds (68.5%) of leasing deals were for spaces of 2,500 square feet or smaller. The trend toward compact selling spaces isn’t a new phenomenon, according to Arvind Cheruku, Partner and CIO of Janapriya Upscale USA , a subsidiary of a 36 -year-old real estate company with roots

Marketing 290
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After tackling oral care, here’s how Gem is seeking to ‘elevate’ body care

Inside Retail

Aussie oral care brand Gem has launched a new product category as it seeks to continue elevating the boring everyday essentials. Best known for its natural and aesthetically packaged toothpaste, Gem entered the bodycare category this week with four SKUs of deodorant infused with skin-loving actives launching into Woolworths stores nationally alongside select Terry White Chemists and Priceline stores.

Wholesale 278
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Fanatics Looks to ‘Redefine the Trading Card Industry’ with Sotheby’s Partnership, New Collectibles Marketplace

Retail TouchPoints

Sports fan platform Fanatics has further solidified its presence in the world of collectibles through a new partnership with elite auction house Sotheby’s that the partners say will “redefine the trading card industry.” While Fanatics’ core business is focused on sports-related fan merchandise, the retailer made its first big move into the world of collectibles when it acquired trading card brand Topps in January 2022.

Apparel 278
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Over 15,000 Amazon Delivery Workers Seek Compensation for Overtime and Unpaid Wages

Retail Wire

On Tuesday, over 15,000 Amazon delivery drivers launched arbitration proceedings against the e-commerce giant, claiming they were misclassified as independent contractors rather than employees entitled to minimum wage and overtime benefits.

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

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QIC to sell its stake in Perth’s Claremont Quarter

Inside Retail

Investment company QIC intends to sell its 50 per cent of stake in Perth luxury shopping centre Claremont Quarter. QIC and Hawaiian jointly own the shopping centre, which has a gross lettable area of 29,800sqm and is supported by five mini-majors and 118 speciality stores and kiosks. Its major tenants include David Jones, Coles, Jack’s Whole Foods & Groceries, Chanel, and Georg Jensen. “Claremont Quarter will be competitively contested by a wide range of domestic and offshore groups gi

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Bath & Body Works Deploys Gen AI to Help Customers Sniff Out the Perfect Fragrance

Retail TouchPoints

Seeking to modernize its core technology platforms, Bath & Body Works is working with Accenture to leverage the latest digital, martech, AI and generative AI solutions. The retailer will collaborate with Accenture on new capabilities like a digital Fragrance Finder, a gen AI-powered conversational experience designed to help customers find the perfect fragrance tailored to their individual preferences.

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BJ’s Expands Same-Day Delivery for Oversize Items

Retail TouchPoints

In partnership with Roadie , a UPS company , BJ’s Wholesale Club has expanded same-day delivery services for large, big-ticket items such as patio sets, grills and TVs. “With same-day delivery, we’re able to not only provide competitive everyday low prices, but we can save members time by delivering the order in just a few hours,” said Monica Schwartz, EVP and Chief Digital Officer at BJ’s Wholesale Club in a statement.

Wholesale 264
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How Stylerunner’s GM landed her dream job and turned it into a successful career

Inside Retail

Anna Brennan is the general manager of women’s athleisurewear retailer Stylerunner. Before joining the team in 2023, Brennan was the general manager of fashion, at the Iconic. Since the age of six, it was clear to Brennan that she wanted to go into retail fashion buying. Fast forward to one university degree and an overseas work experience later, she landed her dream job with David Jones in 2002.

Fashion 272
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Coachella Vibes in Your Store? How Offsite Events Drive Loyalty

Retail TouchPoints

Imagine throngs of festival-goers pulsing with energy, immersed in the electrifying atmosphere of Coachella. The air is alive with the beat of the music, the vibrant colors of the crowd and the tangible excitement that permeates every corner of the festival grounds. Now, imagine capturing that very essence and weaving it into the fabric of your retail store.

Marketing 264
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How premium parenting retailer The Memo picks its store locations

Inside Retail

The Memo, the Australian omnichannel shopping destination for parents who are navigating pregnancy, postpartum and parenting, just opened its second and third Melbourne stores. Co-founders of The Memo, Kate Casey and Phoebe Simmonds, saw a gap in parenting retail for flagship boutiques which give consumers an elevated shopping experience with a focus on quality, curation and exceptional customer service.

Location 264
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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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In-N-Out Burger Raises Prices in Response to California Minimum Wage Law

Retail Wire

The burger chain raised its prices on the same day the fast-food minimum wage law increased.

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Day 2 at NRF Asia: It’s all about customer experience

Inside Retail

A recurring theme at Day two of NRF’s Retail’s Big Show Asia in Singapore on Wednesday was clearly the understanding among retailers of the need to deliver a great customer experience to succeed. Laurent Boidevezi, the Apac president of luxury liquor group Moet Hennessy kicked off the day by outlining the company’s plans to expand on building its maison’s direct retail spaces as it looks to boost engagement with new generations of end customers.

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Hanes Sells Champion Brand to Authentic for $1.2 Billion

Retail TouchPoints

HanesBrands will sell the IP and certain operating assets of its global Champion business to Authentic Brands Group for $1.2 billion , a figure that could increase to $1.5 billion via an additional contingent cash consideration if certain performance thresholds are met. The acquisition, which has been unanimously approved by the HanesBrands board of directors, is slated to be completed in the second half of 2024.

Planning 147
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Why Blundy and Lew’s C-suite shuffles are crucial for good business

Inside Retail

The recent C-suite shuffles between two of the Australian retail industry’s biggest players — Brett Blundy’s BBRC and Solomon Lew’s Premier Investments — are prime examples of how businesses at the top successfully operate, an industry expert says. Lovisa’s announcement earlier this month that John Cheston will leave Smiggle to become its new CEO and managing director next June marks the latest departure of a senior leader from Premier Investments.

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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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Saudi Crown Prince MBS Launches Lavish Aroya Cruises

Retail Wire

Expanding his ambitious vision beyond land and air, Saudi Crown Prince Mohammed bin Salman is venturing into the maritime world with the launch of Aroya Cruises.

Shipping 148
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How Scandi furniture brand Bolia’s experiential retail stimulates every sense

Inside Retail

Danish lifestyle brand Bolia just opened its first Australian flagship store in Melbourne’s mecca of furniture, Richmond’s Church Street. Renowned for its clean lines, minimalist aesthetic and traditional craftsmanship, Scandinavian design has influenced the furniture and interior industry for decades. The brand was previously available in Australia through select stockists but now for the first time, consumers can get the Bolia experience and shop its ‘whole of home’ product offering and custom

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Gas Prices Falling as Summer Heads Into Full Swing

Retail Wire

Road weary-drivers will finally get some relief.

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Behind American Vintage’s bet on the lucrative Chinese fashion market

Inside Retail

Having operated in Asia for more than a decade with Hong Kong as its sole market, the French fashion label American Vintage now has larger ambitions. The brand recently opened its first Mainland China store in Shanghai, and it is just the start of its goal to further capture high-spending Chinese consumers in the region. Founded in 2005 in Marseilles, American Vintage draws inspiration from the United States and is known for its T-shirts, knits, denim, and fleece.

Fashion 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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Paramount Stock Tumbles as Shari Redstone Cancels Merger

Retail Wire

In a dramatic turn of events, Paramount Global's stock continued its downward trajectory following the announcement by Shari Redstone to terminate merger discussions with Skydance Media.

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A cool new era: Mirvac Retail collaborates with Rcycl for winter campaign

Inside Retail

Mirvac Retail has collaborated with Rcycl to develop Cool New Era, a winter campaign designed to encourage customers’ sustainable shopping habits. Rcycl collection boxes will be installed throughout Mirvac shopping centres, allowing customers to drop off apparel they can longer wear or no longer want. According to Alison Flemming, GM of Mirvac Retail, being an ecologically responsible consumer is a great way to help the environment while giving back to the community.

Apparel 147
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WeWork Emerges From Bankruptcy and Reveals New CEO

Retail Wire

After WeWork emerged from bankruptcy on Tuesday, CEO David Tolley departed the company, marking the end of a lengthy restructuring process that included strategy overhauls and closures of various branches.

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Sainsbury’s rolls out Nectar scheme to EV charging points

Retail Gazette

Sainsbury’s has expanded its Nectar programme to include its ultra-fast EV charging service, making it the first of its kind in the UK to offer a national loyalty scheme. Customers using any of the supermarket’s 400 Smart Charge bays across the UK will now be able to collect Nectar points with their purchase. The initative is being rolled out to all sites between 12 and 24 June, including at its newly opened 50th Smart Charge location at its London Enfield Superstore.

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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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Apple Briefly Became World’s Most Valuable Company

Retail Wire

In a significant milestone, Apple has reclaimed its position as the world's most valuable company, overtaking Microsoft.

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Euro 2024: Argos to sell four TVs per minute during summer of sport

Retail Gazette

Argos is expecting to sell more than 180,000 televisions during the 2024 UEFA European football championship, which begins this Friday (14 June). The retailer has forecast that it will sell four screens every minute throughout the duration of the tournament, the equilavent of filling Wembley Stadium twice over. Argos said the desire to watch sports on bigger TVs was largely behind this demand, as it found the average size of the TVs sold this year was 55”, up from 49” during the last tournament

Marketing 116
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Kroger Celebrates Summer Solstice With Free Ice Cream

Retail Wire

As the summer solstice approaches, Kroger is ready to celebrate with a delightful offer to help customers beat the heat.

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In pictures: Quiz launches new Manchester flagship with Dubai inspired collection

Retail Gazette

Quiz has opened a new flagship store in the Trafford Centre, Manchester, replacing its former shop. The store, which opened to the public last week, has a sales floor measuring around 2,500 sq ft and features its latest Dubai-inspired collection, Summer Luxe. The retailer said the store provided a larger space for shoppers which has been designed in line with its latest look and feel, featuring porcelain flooring, gold features and multiple LED display screens.

Fashion 111
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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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Raytheon Hit With Age Discrimination-Based Class Action Lawsuit

Retail Wire

People claim that Raytheon discriminated against them due to their age.

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EBay rolls out AI-backed photo enhancement tool

Retail Dive

The feature, which allows sellers to generate new backgrounds, is the latest aimed at helping merchants swiftly create high-quality product listings.

ATS 122
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Elon Musk Drops Lawsuit Against OpenAI & Sam Altman

Retail Wire

Elon Musk has dropped his highly publicized lawsuit.

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Kingfisher unveils new decarbonisation targets ‘to help tackle climate change’

Retail Gazette

Kingfisher has unveiled vendor decarbonisation targets as it works towards driving down its Scope 3 emissions. The rcompany and its vendors will work towards one of three levels of common target, depending on the scale of their impact on Kingfisher’s Scope 3 emissions. The targets include for the business’s 100 biggest vendors by Scope 3 emissions to create a Science Based Targets initiative (SBTi) aligned roadmap and decarbonisation target by 2028, for its next 450 vendors to create an SB

Planning 111
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From Concept to Deployment: Building Commerce Storefronts with Composable UI