Sat.Sep 28, 2024 - Fri.Oct 04, 2024

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Shrinkflation trend forces law change on unit pricing

Inside Retail

Shrinkflation has driven the government to strengthen the unit pricing code to help Aussies get accurate pricing in supermarkets and retail stores. The updated regulations will also introduce substantial penalties for stores that breach the code. Shrinkflation is when product sizes decrease while prices remain the same or increase. It is mainly used to take advantage of consumers who are unaware of the not so obvious changes.

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ILA Dockworkers Strike Officially Begins and Expands

Retail Wire

The situation with the ILA has escalated as dockworkers on the U.S. East and Gulf Coasts launched their first major strike in nearly 50 years on Tuesday, halting around half of the nation's ocean shipping.

Shipping 279
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Protect Your Business from the Consequences of Cookie Consent Failures

Retail TouchPoints

As state, sector and international privacy laws get passed with increasing frequency, more companies are adopting cookie consent banners. This is in order to comply with requirements of these laws to obtain user permission or provide opt-out options for data sales. However, many who think they’re compliant after implementing a consent management platform (CMP) are often finding that they are not covered as well as they thought they were.

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Tesco CEO says it’s ‘in good shape’ as it raises profit expectations

Retail Gazette

Tesco has raised its profit guidance for the year after posting a 10% rise in first-half profit. The supermarket giant now expects to deliver around £2.9bn in retail adjusted operating profit, up from its previous forecast of “at least £2.8 bn” Tesco’s retail adjusted operating profit hit £1.56bn, up 10% on the previous year while sales grew 4% to £31.5bn over the half year to August 24.

Grocer 119
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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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Lidl Commits to Net-Zero by 2050 with New Climate Targets

365 Retail

Lidl, one of Europe’s largest food retailers, has announced its commitment to achieving net-zero by 2050 as part of its international corporate social responsibility (CSR) strategy. This latest move outlines Lidl’s ambitious climate targets across its own operations and supply chain, reinforcing its dedication to embedding sustainable practices at an international level.

Planning 118
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McDonald’s Location Employed ‘Modern Slaves’ in Human Trafficking Ring, According to Report

Retail Wire

A new report threatens to leave a stain on McDonald's good name, as it was revealed that a franchisee engaged in human trafficking involving what the arrest report is calling "modern slavery.

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Pinterest Promises New Era of Advertising Performance (without Losing the Positivity)

Retail TouchPoints

At its annual advertiser summit this week, Pinterest presented a pin-worthy pitch to marketers — that the platform has grown its audience and improved advertising performance without sacrificing its feel-good vibe. The pre-recorded event featured a fitness theme with humorous video montages set at the “Pinterest Performance Center,” a fictional athletic facility for digital marketers.

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Q&A: Daniel Astarita Managing Director at Kesslers London & Proportion London

Retail Focus

Retail Focus spoke to Daniel Astarita, Managing Director at Kesslers London & Proportion London, about the companies’ push toward sustainability, led by their innovative EcoForm mannequin. EcoForm, a fully recyclable and biodegradable alternative to fibreglass, reduces carbon emissions by 96% and competes on price without sacrificing quality. Astarita explained that sustainability has become just as important as price in retail, with brands increasingly prioritizing eco-friendly solutions.

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Delta Air Lines Signs Codeshare Agreement With Saudia Airlines. Here’s What That Means

Retail Wire

Customers of Delta Air Lines will have more options for locations between North America and the Arabian Peninsula thanks to its codeshare agreement with Saudia Airlines.

Location 264
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Swiss footwear brand On set to open its first Australian store

Inside Retail

Swiss performance sportswear brand On is opening its first store in Australia at the Melbourne Emporium, marking its 42nd store globally. The 390sqm flagship will offer the brand’s full range of products, including footwear, apparel, and accessories for running, training, trail activities, lifestyle, and kids. The store design draws inspiration from the city’s urban landscape and incorporates gradient tones and textures to foster a welcoming, community-focused atmosphere for sports enthusi

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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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Google, Amazon Amp Up Visual Search Tools to Aid Shoppers

Retail TouchPoints

When searching for a specific item, the right combination of keywords to describe what you’re looking for can sometimes escape you. And other times, you may define and describe something completely differently than another person. Couple these realities with the fact that humans are largely visual animals and it’s no surprise that visual search is becoming increasingly popular for all kinds of queries, especially for those that are shopping related.

Shopping 276
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Pricer joins the Eurostars-funded SELECT project to advance the development of sustainable electronics

Retail Focus

Pricer , the leading in-store automation and communication solutions provider, today announces its participation in the SELECT (Sustainable Electronics for Energy Harvesting Applications) project, which has received funding through the Eurostars programme, the largest international funding programme for SMEs collaborating on Research & Development (R&D) projects.

ATS 147
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The Fate of Wendy’s First Location, Financial Insights, and Latest Updates

Retail Wire

Wendy's original location faced financial challenges that led to its closure, but the brand is now revitalizing interest with a strategic $1 Frosty ad campaign targeting competitors.

Location 263
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Barbeques Galore CEO Angus McDonald to move on after five years

Inside Retail

Angus McDonald, CEO of BBQ retailer Barbeques Galore, will step down from the role at the end of this year for undisclosed reasons. “I am proud of the progress we have made in the capability, engagement, and career development of our team and our franchisees,” McDonald wrote in a LinkedIn post announcing his decision. “It has been a great honour and privilege to be able to contribute in some way to the growth and development of so many careers during this time.

Wholesale 263
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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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Beyond Discounts: How 4 Top Retailers are Revolutionizing Loyalty Programs

Retail TouchPoints

It seems that every retailer has a loyalty program these days. Because of this, their universality is raising the bar. To capture customers’ attention, it’s no longer enough just to offer discounts or a points system. Instead, retailers need to craft loyalty programs that are easy to access, include uncommon or unexpected benefits and make a meaningful connection with shoppers.

Shipping 269
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BREAKING: Frasers Group makes bid for Mulberry as it blasts luxury retailer

Retail Gazette

Frasers Group has made a bid for embattled Mulberry as it blasted the luxury retailer for not informing it about its plan to raise more funds. The Mike Ashley-controlled group, which owns 37% of Mulberry’s shares, said it is “ exceptionally concerned” as the luxury retailer’s auditors flagged there was “material uncertainty related to going concern” on Friday.

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USMX and ILA Port Strike Updates and Predictions

Retail Wire

The United States Maritime Alliance (USMX) is in urgent negotiations with the International Longshoremen’s Association (ILA) to prevent a strike that could disrupt U.S. cargo movement.

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Accent Group becomes sole distributor of Lacoste and Dickies 

Inside Retail

Apparel brands Lacoste and Dickies have appointed Accent Group as their exclusive distributor in Australia and New Zealand. Both brands are sold in ANZ through direct-to-consumer, online and owned stores, and via wholesale channels. Accent sells Lacoste under many of its multi-brand umbrellas, including Hype DC, Platypus, Stylerunner, and Glue. The group expects to begin distributing Lacoste next year, following a transition phase with the current distributor.

Wholesale 263
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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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Heidi Klum ‘Modelverse’ Lets Players Walk a Virtual Catwalk in Roblox

Retail TouchPoints

Supermodel Heidi Klum has launched Modelverse , a new digital fashion experience in Roblox. Developed in partnership with Supersocial , a creative studio that specializes in virtual world development, Modelverse gives gamers the chance to model in exclusive events inspired by VIP gatherings including award shows, high-fashion events and Klum’s renowned annual Halloween party.

Fashion 267
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Dobbies to close 17 stores as it unveils restructuring plan

Retail Gazette

Dobbies has launched a restructuring plan, which will see it close 17 unprofitable stores, as it aims to “address historically uneconomical rent costs and ensure a return to sustainable profitability” The garden centre will close 11 mainline sites and six Little Dobbies stores, all of which are unprofitable, with 465 of its 3,600 employees impacted.

Planning 122
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Freddy’s Frozen Custard & Steakburgers is Expanding Fast

Retail Wire

Freddy’s Frozen Custard & Steakburgers is quickly becoming one the nation’s fastest growing fast food restaurant chains. According to their official.

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Retail sales increase 3.1 per cent in August

Inside Retail

Despite retail sales growing in August, businesses are still urging the Reserve Bank of Australia to cut interest rates to help the sector thrive through the holiday season. According to the Australian Bureau of Statistics (ABS), retail turnover increased 3.1 per cent year over year to $36.48 billion in August, attributed to the shift in weather pattern. “This year was the warmest August on record since 1910, which saw more spending on items typically purchased in spring,” said Rober

Outdoor 264
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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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New Simon Campaign Touts Malls’ Multi-Generational Appeal

Retail TouchPoints

Mall operator Simon has unveiled its Meet Me @themall campaign, blending ’80s and ’90s nostalgia to capture Gen Z’s enthusiasm for in-person shopping and all things retro. The campaign is now live on premium streaming services including Netflix, Peacock, Hulu and Disney+ as well as on Instagram, YouTube, TikTok , Simon’s owned channels and in its shopping centers across the U.S.

Marketing 269
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Tapi Carpets pulls in first profit outside of Covid despite ‘tough’ market

Retail Gazette

Tapi Carpets returned to profit in its latest annual results, marking its first operating profit outside of Covid. The carpet retailer saw profit spike by almost £10m for the year ended 31 December, up from its £1.7m loss in 2022. Sales climbed by 7.9% to £171m, driven by seven new store openings in 2023, including sites in Sutton, Speke, Putney, Crewe and Bletchley.

Marketing 119
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Wingstop Asks Customers To Round Up Bill for St. Jude Hospital Donations

Retail Wire

Wingstop is asking its loyal customers to round up the total of their checks for the month of October to benefit ongoing research and treatment at St. Jude.

ATS 264
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The Essential Ingredient enters administration

Inside Retail

High-end grocer The Essential Ingredient has collapsed into administration after failing to recover from the impacts of the Covid pandemic. PwC, which has been appointed as administrator, will keep the gourmet grocer’s stores open as it seeks a buyer, the Australian Financial Review reported. “The legacy of stock losses during the Covid closure and higher operating costs has all taken a toll on profitability,” said Robert Ditrich from PwC.

Grocer 264
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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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Puma Taps Google Cloud, Meta for Personalized Product Images, XR Shopping Experience

Retail TouchPoints

Puma is sprinting into the world of advanced ecommerce with new experiences developed in partnership with Google Cloud and Meta. Using Google Cloud generative AI technology, the sportswear brand can now personalize its online product images, and the company offered a sneak peek of a new virtual reality shopping experience it’s developing in partnership with Meta.

Shopping 269
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As Dobbies and Homebase close stores, has the UK fallen out of love with garden centres?

Retail Gazette

Dobbies Garden Centres revealed today (30 September) that it is set to close 17 stores as it looks to return to “sustainable profitability” The garden centre chain is thought to have faced another difficult year after racking up losses of £130m last year driven by high inflation and unseasonable weather dampening sales. It is not the only retailer that sells garden goods that finds itself in a tough spot, with Homebase CEO Damien McGloughlin informing staff in late August that it was

Returns 119
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Panic Buying of Toilet Paper Triggered by Dockworker Strike

Retail Wire

The recent dockworker strike is more likely to impact non-paper goods like electronics and cars.

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NT retailer forced to stop offering credit to First Nations customers

Inside Retail

Clothing and homewares retailer Indy-C hs been ordered by the Australian Securities and Investments Commission (Asic) to stop offering credit payment options to First Nations customers due to potential financial risks. The interim stop order applies to Indy-C’s store in Katherine, a Northern Territory town where many people receive low incomes through Centrelink benefits.

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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.