February, 2024

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Retail Food Group books lower revenue in first half

Inside Retail

Retail Food Group swung to a net income despite lower revenue in the fiscal first half, thanks to an increase in average transaction value and the company’s acquisition of Beefy’s Pies. RFG’s net profit stood at $5.1 million while revenue fell 1.4 per cent year over year to $61.9 million during the six months ended December 29 last year.

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Meta Outlines Proactive Approach to Labeling AI-Generated Content

Retail TouchPoints

Content created with Meta ’s generative AI tools already automatically receives an “Imagined with AI” label, but the company has shared how it is working to create technical standards and signals to notify users on its platforms when any of the content they see has been created using AI. “As the difference between human and synthetic content gets blurred, people want to know where the boundary lies,” said Nick Clegg, President of Global Affairs at Meta in a blo g post.

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Interest Rate Cuts Incoming but Not Just Yet, Says Fed Chair

Retail Wire

According to Federal Reserve Chair Jerome Powell, the time is nearing when interest rates will decrease. However, Americans need to wait just a little bit longer as the central bank wrestles with inflation.

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Why social commerce is transforming online retail

Retail Dive

Once hubs for casual entertainment, social media platforms now serve as bustling marketplaces. Today’s social media scroller has become a digital window shopper with the power to buy in seconds.

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The Personalization Playbook: 2024 Strategies

Did you know—74% of IT leaders are looking to improve their tech stack to offer better personalization? It’s impossible to ignore the importance of personalization, but it comes with challenges. How do you do it with a tight budget? What about customer privacy and the use of data? The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.

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How did Lloydspharmacy quietly disappear from the high street?

Retail Gazette

When Retail Gazette reported that LloydsPharmacy – what was once the second biggest pharmacy chain in the UK – had filed for liquidation late last month many were shocked. However, the chain had been quietly closing its stores over the past year before filing for voluntary liquidation. Aside from a big announcement when it revealed it would be closing all 237 branches inside Sainsbury’s last year, everything else seems to have flown under the radar.

Wholesale 128
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John Lewis Partnership and top photographer launch LGBT+ History Month exhibition

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! In a project to celebrate LGBT+ History Month, the renowned photographer Chris Jepson has partnered with the John Lewis Partnership, for part of a series exploring identity in the queer community. Partners (employees) at John Lewis and Waitrose posed for portraits by Chris, which will be displayed in bespoke exhibitions throughout the year.

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Skechers Opens 5,000th Store, Aims for 10,000 Total

Retail TouchPoints

Skechers has opened store number 5,000 , in Bogotá, Colombia, nearly 30 years after opening its first store in Manhattan Beach, Calif. The sports apparel and performance shoe retailer’s first international store was in Japan; its 100th launched in NYC’s Times Square and its 3,000th debuted in China. “Every location offers the same look and feel to carry the Skechers brand with consistency across six continents,” said Michael Greenberg, President of Skechers in a statement.

Apparel 298
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Capital One Eyes Discover Financial Merger

Retail Wire

In a potentially massive move for the credit card industry, reports suggest that Capital One is contemplating acquiring Discover Financial. If this deal goes through, it would merge two of the country's biggest credit card giants, creating a behemoth in the sector.

Finance 264
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11 digitally native retailers that could file for bankruptcy in 2024

Retail Dive

While off to a slower start than 2023, filings are expected to continue in the industry, especially among many direct-to-consumer brands.

Consumer 136
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Ocado launches ‘fine dining’ ready meals for pets

Retail Gazette

Ocado is launching a range of “fine dining” frozen ready meals for dogs and cats in a bid to appeal to health-conscious pet owners. The online supermarket will to sell seven different types of microwavable frozen meals for kittens, puppies, and adult cats and dogs. Hitting stores this week, the meals from Ted’s Bowl, which cost between £4.49 to £4.59, will include human-grade meat, fish or poultry, with a minimum of 98% for cats and 70% for dogs.

Grocer 114
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Guide to Business Writing

Everything you need to know about better business writing in one place. This is a complete guide to business writing — from a clear business writing definition to tips on how to hone your business writing skills.

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Unlocking Retail Success: The Power of Proficiency, Productivity, and Profitability

Theatro

In today’s hyper-competitive retail landscape, the efficiency and productivity of frontline teams are essential to financial success. However, many frontline team members currently lack the tools necessary to make significant strides in these areas, leading to disengagement and a higher likelihood of job turnover. Theatro’s dedicated to Unlocking Retail Success.

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How two sisters created Francesca Jewellery from a Tasmanian market stall

Inside Retail

A beading class in the rural town of Hawksnest, NSW, was the catalyst for sisters Rachel Vasieck and Hanna Vasieck to launch their on-trend designer jewellery label Francesca Jewellery in 2011. The Tasmanian brand opened its first store in Hobart in 2013, followed by a flagship store three years later at Melbourne Central. Rachel Vasieck, who, as a teenager, was an apprentice to her older sister, making hand-beaded jewellery, spoke to Inside Retail about her career journey since turning down a l

Marketing 263
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With Retailers Thinking Like Media Owners, Media Owners Must Think Like Retailers

Retail TouchPoints

The growth of retail media networks (RMNs) in recent years has been impressive. As the world moves away from third-party identifiers, retailers are using their own channels to unlock the potential of their valuable shopper audiences — so much so that retail media is now the fourth-largest advertising medium, according to data from WARC. Media owners also have found their position in the advertising ecosystem changing as third-party tracking cookies deprecate.

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Uber Has Finally Become a Profitable Player

Retail Wire

Uber, the ride-hailing company, made headlines this week, announcing its first annual operating profit. This significant achievement marks an important turn in the firm's approximately 15-year journey, shedding light on its resilience and capacity for growth.

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Kelly Goetch, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib

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Express CEO seeks to ease bankruptcy concerns

Retail Dive

In a memo on Wednesday Stewart Glendinning said the apparel retailer is awaiting a $52 million CARES Act payment to help with long-term liquidity.

Apparel 122
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Ex-Arcadia brands and Debenhams narrow losses under Boohoo ownership

Retail Gazette

The former Arcadia brands and Debenhams, which were snapped up by Boohoo in 2021, have narrowed its losses after two years under the fast fashion group’s ownership. Dorothy Perkins reported the biggest drop in pre-tax losses, narrowing from £15.9m to £1.2m in the year end to 28 February 2023, despite posting a 30% drop in sales to £52.5m. This was followed by Debenhams, Boohoo’s largest acquisition, which shrunk its losses from £11m to £732,000 boosted by sales skyrocketing 53% to £87m.

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NRF 2024: Key Takeaways From Retail Thought Leaders

Retail Minded

Retail and 2024 are both in full swing, and both the year and commerce kicked off at the National Retail Federation in New York City in early January. This is always a vibrant, engaging and important whirlwind for me… and an experience I look forward to every year. After all, as a self-described retail geek, I get giddy when it comes to exploring the latest retail technology, exploring flagship stores that keep up with collective retail trends and discovering new resources that help fuel t

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Beaurepaires store network to be closed – report

Inside Retail

Goodyear Dunlop Tyres Australia says it has “begun to evaluate different scenarios” for its business” but no decision has been made as to the future of its 100-strong network of Beaurepaires retail stores. News.com has reported the 102-year-old chain is set to close after a series of decisions in boardrooms in the US and Australia and the collapse of negotiations to sell the business to rival Bob Jane Corporation.

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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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Ecommerce Marketing Lessons from Q4 2023 

Retail TouchPoints

Last year was an uncertain one. Though many of the economic indicators were excellent, including the low unemployment numbers and strong GDP growth, there was a lot of uncertainty in the market throughout the year. In the martech ecosystem, publishers continued to feel the pains after the COVID-19 bump. Still, I believe that had more to do with the sustained consolidation of ad budgets on the major platforms as marketers reallocated marketing spend in the post-IDFA (identifier for advertisers) a

Marketing 276
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Dole Salad Kit Recall Due to Listeria Concerns

Retail Wire

Yet another popular convenience food is being recalled due to Listeria concerns. Dole Salad Kits may have been contaminated with the virus, and the company has called for a recall of the affected products.

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Away lays off 25% of internal staff

Retail Dive

The DTC luggage brand is undergoing a reorganization that also includes "the elimination of a traditional executive team structure.

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BREAKING: The Body Shop to axe half of stores and 40% of head office jobs

Retail Gazette

The Body Shop administrators said it will retain “more than half” of the brand’s 198 UK stores, with seven shops set to close today. The ethical beauty chain will also axe around 40% of head office roles, to around 400 full-time staff. Administrators FRP, which were appointed last week, said: “After years of unprofitability and following a full evaluation of The Body Shop’s UK business, the joint administrators have concluded that the current store portfolio mix is no lon

Shopping 113
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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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TUDOR Showroom Debuts at London Gatwick South Terminal by Watches of Switzerland Group

365 Retail

The Watches of Switzerland Group has inaugurated its first TUDOR showroom at London Gatwick South Terminal, introducing a new destination for travellers to discover TUDOR’s latest watch collections. This development marks a milestone for TUDOR as it aims to expand its global presence, leveraging the high traffic of London’s prominent airport to reach an international audience.

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Taylor Swift offers a masterclass in marketing. Here’s what retailers can learn

Inside Retail

You don’t have to be a marketing expert to know that Taylor Swift is a bulletproof brand that consistently improves, regardless of the challenges she faces or the challenges she sets for herself. While many marketers and brand managers excel at designing creative initiatives and strategies, what sets Swift apart is her vision, long-term perspective, and, perhaps most importantly, her ability to transform challenges and crises into a powerful engine for purposeful and inspiring collective g

Marketing 255
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Moving from Monologues to Conversations: How Brands are Driving Innovation with Unified Commerce Experiences

Retail TouchPoints

Steve Jobs once famously said that his job was to figure out what consumers want before they know they want it. As was often the case, Jobs was ahead of his time. This concept of starting with a deep understanding of the customer (at times more deeply even than they understand themselves) and building from that point is also the basic premise of retail’s latest technological and philosophical movement — unified commerce.

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Hawaiian Airlines Adds In-Flight Wi-Fi With SpaceX’s Starlink

Retail Wire

Hawaiian Airlines is setting a precedent by providing free Wi-Fi facilitated by SpaceX's Starlink on its commercial flights. It is the first significant U.S. airline to provide this satellite-based service.

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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.

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HGP Acquires Lincoln City Outlets in Oregon for $35.3 Million

Shopping Center

Lincoln City, Ore. — Horizon Group Properties (HGP) has acquired Lincoln City Outlets in Lincoln City for $35.3 million, in a joint venture with an entity doing business as LC Outlets… The post HGP Acquires Lincoln City Outlets in Oregon for $35.3 Million appeared first on Shopping Center Business.

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Lush settles legal dispute with ex-boss over share sale

Retail Gazette

Lush has settled a legal dispute with its former chief executive Andrew Gerrie over a blocked transfer of shares. The bath bomb specialist found itself in a row last year with Gerrie’s investment firm Silverwood Brands after the business sought to acquire a 19.8% stake – worth £216.8m – in Lush from the former boss and his wife, Alison Hawksley. The retailer blocked the transfer of shares to Silverwood as it said they did not match those previously offered to the remaining shareholders.

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Watches of Switzerland Group Unveils New TAG Heuer Boutique at London Gatwick Airport

365 Retail

The Watches of Switzerland Group has announced the inauguration of a TAG Heuer boutique within London Gatwick, South Terminal. As one of the UK’s leading airports, Gatwick provides an ideal backdrop for this new venture, aiming to offer a sophisticated retail experience for watch enthusiasts and brand admirers alike, with an emphasis on high-quality timepieces.

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Four retail leaders weigh in on the year ahead

Inside Retail

As 2024 gets underway, what are the greatest challenges and opportunities facing retail? Here is a glimpse at the top priorities of the leaders of some of the country’s biggest retailers in the year ahead. Angus McKay, CEO & managing director, 7-Eleven KPMG: What do you see as the greatest challenge to Australian retail in the year ahead? Is this a new challenge vs prior years?

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Planning the Architecture of Your Modular DXP

Are you considering moving away from a monolith platform and over to composable architecture? Join experts from Google Cloud, GroupBy, and Orium as they discuss the benefits of moving to a modular digital experience platform. In this masterclass, uncover key indicators that show your brand is ready for a modular DXP, and learn how to lay the foundation for composable commerce.