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 289
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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.

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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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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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NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot

I’m getting in touch with the news that fashion retailer, Gina Trictot, has achieved 98% inventory accuracy thanks to its partnership with SML RFID. Please see the full press release below, including exclusive quotes.

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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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‘Major structural change’: ACCC concerned about Sigma, Chemist Warehouse merger

Inside Retail

The proposed merger of Sigma and Chemist Warehouse could create a “major structural change” for the pharmacy sector according to a preliminary report from The Australian Competition & Consumer Commission (ACCC). The merger involves the largest pharmacy chain by revenue and a key wholesaler to thousands of independent pharmacies, ACCC commissioner Stephen Ridgeway said.

Wholesale 273

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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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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.

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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.

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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 245
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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

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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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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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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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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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How to Maximize Amazon Sales and Crush the Competition

With over 9 million sellers on Amazon, online marketplaces are more crowded than ever. Whether you’re looking to fine-tune prices in real-time or align strategies across channels, this guide provides the tools to understand how to maximize sales and secure a lasting competitive edge. Download now to transform your pricing strategy and drive holiday success.

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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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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 147
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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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Gas Prices Falling as Summer Heads Into Full Swing

Retail Wire

Road weary-drivers will finally get some relief.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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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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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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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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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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A Blueprint for B2B Commerce

In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

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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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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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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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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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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

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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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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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QUIZ Opens New Flagship Store in Manchester’s Trafford Centre

365 Retail

QUIZ , the omni-channel fashion brand, has opened its new flagship store in the iconic Trafford Centre , Manchester. The shop, which opened its doors to the public last week, is located at 126 Regent Crescent within the centre and replaces QUIZ’s former store. The new store boasts approximately 2,500 sq ft of sales floor, providing a larger space for customers.

Boutique 108
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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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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!