Sat.May 04, 2024 - Fri.May 10, 2024

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Supermarket inquiry recommends laws against price gouging, land banking

Inside Retail

Supermarkets would be prohibited from price gouging and face stricter rules on land banking, should the government adopt the recommendations of the Senate Select Committee on Supermarket Prices. The committee published 14 recommendations, which include creating divestiture powers specific to the supermarket sector and prohibiting the charging of excess prices, otherwise known as price gouging.

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Disney and Walmart Unveil Retail Media-CTV Advertising Integration

Retail TouchPoints

Disney Advertising and Walmart ’s retail media division Walmart Connect are teaming up to bring retail media insights to Disney’s streaming TV platforms, including Hulu and Disney+ , for programmatic advertising campaigns and measurement. Walmart’s audience and measurement solutions will now be available for brands’ use across Disney’s addressable streaming inventory, offering advertisers closed-loop attribution on their campaigns by applying Walmart’s omnichannel purchase data via clean room te

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Meta To Broaden AI Image Generation Options for Ads

Retail Wire

Meta Platforms, the parent company of Facebook and Instagram, announced on Tuesday that it is expanding its lineup of generative AI advertising products.

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Herbolario Navarro choose sustainable lighting solutions from Trilux

Retail Focus

Herbolario Navarro, one of Spain’s largest retail chains for organic products, has taken a significant step towards sustainability – with TRILUX as its lighting partner. The retail giant installed E-LINE NEXT LED in over 50 stores nationwide. The continuous lighting system sets energy efficiency standards and significantly reduces carbon footprint.

Shopping 147
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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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True Fit Democratises Fashion Genome and Unlocks Growth for Rising Fashion Brands in Shopify

Retail Focus

True Fit , the AI-driven platform that decodes size and fit for shoppers and fashion retailers, has announced that, following its launch in Shopify at the end of 2023, it is now driving a 14% average GMV growth for fashion brands on the platform, giving rise to the next generation of scaling fashion retailers. Having formerly only served the largest apparel retailers and brands in the world, True Fit has democratised its Fashion Genome to bring the benefit of AI size and fit to the full market.

Fashion 147
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ARA predicts $1 billion cash splash for Mother’s Day

Inside Retail

Australian retailers are set to benefit from a surge in spending on Mother’s Day despite the current cost-of-living crunch, according to research conducted by the Australian Retailers Association (ARA) in collaboration with market research company Roy Morgan. The study predicts that Australians will spend $995 million on Mother’s Day this year, which is $70 million or 7.5 per cent more than last year.

Planning 321

More Trending

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What to Consider When Incorporating AI into Your Retail Business

Retail TouchPoints

Artificial intelligence has revolutionized the way businesses and individuals operate by using data to power tools that can analyze, respond, predict and create in a manner similar to the human brain. Today, it is hard to imagine any sector where AI has yet to be deployed in some capacity, including, increasingly, retail, which has turned to AI for everything from streamlining the supply chain to personalizing shopping experiences.

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The smell of success: Redical’s Victoria Leeds welcomes Le Labo’s regional debut

Retail Focus

Victoria Leeds, which is owned and operated by Redical, has announced that manufacturers of fine perfumery Le Labo, which is part of The Estée Lauder Company, is set to make its regional debut at the destination. This latest commitment by a premium, global brand demonstrates further confidence in Victoria Leeds and cements the destination’s position as the prime city pitch.

Boutique 147
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Endeavour Group’s retail sales increase 2.4 per cent

Inside Retail

Dan Murphy’s parent Endeavour Group saw retail sales increase 2.4 per cent year over year to $2.41 billion during the first quarter. Despite both of its retail chains – BWS and Dan Murphy’s – falling flat on a comparable store basis, the MyDan’s membership program added more than 175,000 new members and achieved a record peak scan rate of 84 per cent from its 5.4 million active members.

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Reddit Reveals New Policies and AI Licensing Ventures

Retail Wire

Reddit Inc. has unveiled fresh guidelines governing data on its platform, aiming to bolster its revenue streams through licensing deals with AI developers and other firms.

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From Concept to Deployment: Building Commerce Storefronts with Composable UI

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ModCloth and Misen Outsource Omnichannel Fulfillment Operations

Retail TouchPoints

Two digital-first brands, Misen and ModCloth , are partnering with Cart.com to improve their omnichannel fulfillment and logistics operations. Operating 14 omnichannel fulfillment centers nationwide, Cart.com provides brands and retailers with third-party logistics (3PL) solutions and proprietary software such as its Constellation Order Management System (OMS) and warehouse management technology, designed to get products to customers as quickly and efficiently as possible.

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J.C. Penney remains profitable, could open new stores

Retail Dive

Holiday and full-year sales fell, and net income plunged. But the CEO of one of the retailer’s owners says its ongoing profitability could merit an expansion.

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Seafolly rescues rival Tigerlily from administration

Inside Retail

Women’s swimwear label Seafolly has acquired its rival Tigerlily, offering a lifeline for the struggling brand following its voluntary administration. Seafolly – owned by Hong Kong-registered Bondi Brands Group – has bought the brand from private equity firm Crescent Capital Partners via a deed of company arrangement for an undisclosed sum, Capital Brief reported.

Planning 279
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Starbucks Releases Summer Menu Selections

Retail Wire

As summer dawns, Starbucks has unveiled its seasonal lineup, featuring the debut of the Summer-Berry Starbucks Refreshers beverages, available beginning May 7 in the U.S.

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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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Goodwill Debuts Free E-Waste Recycling in 42 Pennsylvania Locations

Retail TouchPoints

Goodwill Keystone Area has partnered with Reworld to offer no-cost electronics recycling at its 42 stores and donation center sites located across 22 central and southeastern Pennsylvania counties. Eligible devices — including TVs, computers, mobile devices, gaming systems, toasters and vacuum cleaners — will be repaired and resold; items at the end of their life will be responsibly recycled by Reworld, which has recycled more than 135 million pounds of e-waste to date.

Location 243
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Selfridges cuts jobs and blames loss of tax-free shopping

Retail Gazette

Selfridges is to make job cuts due to the loss of tax-free shopping and reduced luxury spending. The department store’s CEO Andrew Keith claimed the new set of redundancies had been caused by the government ditching tax-free shopping for international tourists, The Times revealed. Around 70 jobs will be lost, nine months after its previous set of redundancies.

Shopping 122
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Why the cost-of-trading and cost-of-living crises are two sides of the same coin

Inside Retail

The cost-of-trading and cost-of-living crises are two sides of the same coin. And it is becoming increasingly apparent that the government, retail industry and consumers will all need to play a part in easing the current economic circumstances. The trying macroeconomic conditions are not just driving an increase in costs but also a loss of confidence.

Consumer 278
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Rivian’s Losses Reach $1.45 Billion Amid Ongoing Cost-Reduction Efforts

Retail Wire

In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before turning over profits.

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Brick & Mortar Retail Relevance: How to Stay Ahead of the Curve

Speaker: Jay Black, Senior Account Executive

Let's set the record straight: in-store retail isn't dead - it's evolving! Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Join Jay Black in this exclusive session as he explores the strategies that set successful stores apart, including: Crafting unique and unforgettable in-store experiences 🛍️ Mastering the art of retail demands 🛒 Navigating inventory challenges in today's climate 📦 an

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Contentsquare CMO Reveals Why Brands’ Best Acquisition Strategy is a Retention Strategy

Retail TouchPoints

Ecommerce sales are expected to hit $6.3 trillion in 2024 and continue to grow steadily through 2027, according to eMarketer research. Despite this macro growth, ecommerce site abandonment remains a big issue for all brands, regardless of their size or product category. One of the biggest reasons, according to data from Contentsquare , is that while merchants are investing in paid advertising to drive more traffic to their sites, their experiences are riddled with experience gaps that ultimately

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‘The death of the mall was a myth’: Brookfield Properties CEO on the evolution of an aging retail concept

Retail Dive

Kevin McCrain isn’t bothered by department store anchors closing and says retailers need malls because people like to shop there — including Gen Z.

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Super Retail Group’s sales only slightly up despite 20 new stores

Inside Retail

Super Retail Group saw its sales inch up across the majority of its brands as it opened 20 stores but closed four during the first 43 weeks of the year. During the period, the group’s sales rose 2 per cent with the BCF division up 5 per cent, Supercheap Auto up 3 pr cent and Macpac up 2 per cent. The company noted that BCF benefited from strong inbound travel into New Zealand, which increased purchases in key tourist destinations, while Supercheap Auto sales gained from the strong demand i

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Shopify’s Stock Plummets 19% After Earnings Report

Retail Wire

Shopify, the Canadian e-commerce company, faced a significant drop in its stock value after releasing its first-quarter results.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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NBCUniversal, Instacart Link Up to Bring Retail Media Opportunities to TV

Retail TouchPoints

NBCUniversal and Instacart are expanding their existing partnership to include a new retail media workstream that will enable Instacart’s CPG advertisers to connect with consumers via NBCU’s streaming and linear television content. In late 2023, the companies teamed up to include access to NBCU’s streaming platform Peacock as part of the Instacart+ membership package.

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The Body Shop could lose B Corp status following complaints

Retail Gazette

The Body Shop is at risk of losing its B Corp status, which it was first granted while under its previous owner Nature &Co. The ethical beauty retailer was awarded its certification in 2019, making it one of the biggest global B Corps and the biggest beauty chain with a B Corp rating outside Latin America, according to Retail Week. Speaking to the publication, a B Lab spokesperson, which assesses businesses seeking B Corp certification and monitors complaints on its members, said The Body S

Shopping 122
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Scentre Group increases security across Westfield malls

Inside Retail

Scentre Group says it is increasing security spending while working closely with local police across all its Westfield shopping centres. The security initiatives follow the stabbing attack at Westfield Bondi Junction on April 13, which resulted in the deaths of six people, including a Westfield security team member. “Our decision to increase security across the portfolio and provide financial support to our business partners following the tragedy at Westfield Bondi will result in an increa

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Apple’s Vision Pro Headset Dominates Enterprise Market

Retail Wire

Apple's Vision Pro headset, a mixed-reality spatial computing device, has found its way into the arsenals of more than half of the Fortune 100 companies, with over 50% investing in at least one unit. This revelation came during Apple's first quarter 2024 earnings call, where CEO Tim Cook highlighted the enthusiastic reception of their products within the corporate sector.

Marketing 246
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Get MACH Ready with Orium, Commercetools, and Contentstack

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Safety, Service and Sustainability: How Connected Equipment Offers Retailers a Competitive Advantage

Retail TouchPoints

In a pharmacy in Seattle, when the temperature in its drug storage refrigerator falls below protocols, an automated alert warns the store manager before temperature-critical medicines spoil. In a clothing store in Phoenix, the AC automatically adjusts to keep customers comfortable and lingering longer, happily trying on sweaters in the store’s new fall collection despite the blistering 100-degree late-summer day.

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Frasers Group closes in on Ted Baker deal

Retail Gazette

Frasers Group is closing in on a deal to become the new British partner of struggling fashion chain Ted Baker. According to Sky News , the retail giant is set to be named the preferred partner for the retailer’s UK business following the collapse of its existing licensing partner No Ordinary Designer Label (NODL). Industry sources said that Frasers and NODL’s administrators hoped to reach a deal in the coming days.

Fashion 122
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“No immediate impact”: Experts weigh in on Senate Committee’s recommendations

Inside Retail

This week, the Senate Committee on Supermarket Prices made 14 recommendations for the Government to consider amending the Competition and Consumer Act 2010 to end the alleged price gouging of the major supermarkets. The Committee’s Competition and Consumer Amendment (Divestiture Powers) Bill 2024 was made public on Tuesday, after a months-long inquiry and tense hearings with the chief executives of Coles and Woolworths.

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FDA Says Eating Yogurt May Help With One Common Disease

Retail Wire

The Food and Drug Administration claims that yogurt could help with one common disease, but there's a catch as to not mislead consumers.

Consumer 275
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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.