Fri.Apr 19, 2024

article thumbnail

“I’m not trying to be everything for everyone”: JD Sports CEO Régis Schultz 

Inside Retail

Since joining British footwear retailer JD Sports in 2022, chief executive Régis Schultz has laid out an ambitious growth plan to open 350 new stores per year, with a strong focus on North America and Europe. The retailer recently unveiled a new global flagship on the Avenue des Champs-Élysées in Paris as the city prepares to welcome athletes from around the world for the Olympic Games, but for Schultz, it’s no reason to rest on his laurels.

Returns 147
article thumbnail

The Children’s Place Receives $90 Million Loan from Majority Shareholder

Retail TouchPoints

The Children’s Place will get a $90 million unsecured and subordinated loan from Mithaq Capital SPC , a Saudi Arabia-based venture capital firm that had purchased a majority stake in the company in February 2024. That stock acquisition had automatically put The Children’s Place into default on its existing credit agreements; this new financing will “waive the event of default resulting from the change in control,” according to a company statement.

Finance 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

As mass-market outshines luxury, L’Oreal sales rise 9.4 per cent

Inside Retail

L’Oreal reported a 9.4 per cent rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets the United States and China. The French cosmetics giant, which owns the Maybelline and Lancome brands, reported sales of 11.24 billion euros ($11.98 billion) for the first three months to the end of March.

Marketing 147
article thumbnail

‘Fútbol’ Superstar Lionel Messi Set to Score with Lowe’s Loyalty Members

Retail TouchPoints

Lowe’s has partnered with the world’s best-known soccer player, Lionel Messi, and his MLS Club Inter Miami CF , for programs that spotlight Messi’s skills at assisting on the field. Members of both the MyLowe’s Rewards and MVPs Pro Rewards loyalty programs will receive an “assist” in the form of 100 points to bring them closer to their next reward. (Members must claim their points on their account dashboard by May 18.

article thumbnail

Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

article thumbnail

Procter & Gamble Reports Mixed Results After Price Hikes

Retail Wire

Procter & Gamble's recent quarterly results showed a mix of gains and setbacks. Despite facing challenges in attracting shoppers due to increased prices over the past two years, the company managed to exceed earnings expectations.

article thumbnail

Nordstrom Considers Going Private — Again

Retail TouchPoints

Erik and Pete Nordstrom, the CEO and President, respectively, of Nordstrom , want to explore a transaction that would take the company private. In response, the Nordstrom board of directors has authorized the “exploration of possible avenues to enhance shareholder value,” forming a special committee of independent and disinterested directors to evaluate proposals from the Nordstroms as well as potential other parties.

More Trending

article thumbnail

The Global Reach and Sustainable Impact of Green RFID Technology

Retail TouchPoints

Businesses today are constantly looking for ways to improve their sustainability and reduce their carbon footprint. After all, studies show that consumers care more about the environmental impact of their purchasing decisions than ever before. For example, 60% of customers say they would be willing to pay more for a product with sustainable packaging, so it is paramount that businesses stay with the times and account for these shifting consumer preferences.

article thumbnail

Why retail leading experts are remaining focused on emotion, not technology

Inside Retail

Retail Fest 2024 keynote speakers and panel guests analysed and strategised how retailers can approach a hybrid shopping experience. The consensus is that both online and offline stores require a deep understanding of brand and consumers. Technology and opportunities to connect with customers are rapidly evolving but top industry marketers are still championing the fundamentals.

article thumbnail

Rowan CEO on the Power of People in Creating Joyful Retail Moments

Retail TouchPoints

Louisa Serene Schneider did not set out to be a CEO, let alone a founder. But inspiration struck while she was working for a retail-focused hedge fund and realized the lack of safe piercing options for consumers. This white space became even more obvious to Schneider when she was looking for a safe place to get her young daughter’s ears pierced. “I started thinking about what I wanted her experience to be,” she explained.

Consumer 130
article thumbnail

Swatch celebrates opening of new Melbourne store with art exhibit

Inside Retail

Swatch has opened an art exhibit to celebrate its new store at Collins Street in Melbourne, one of its largest locations in the Southern Hemisphere. The watch retailer partnered with Tata Gallery to showcase its brand-new range of products through a pop-up art maze installation. The art journey is available for guests from April 19 to 26, between 11 am and 3 pm daily.

Location 130
article thumbnail

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.

article thumbnail

Hyundai Joins List of Brands To Halt Advertising on X Due to Antisemitism Concerns

Retail Wire

Hyundai pressed pause on advertising on X following reports that one of its ads appeared next to an antisemitic and pro-Hitler post on the social media platform.

article thumbnail

Charles Tyrwhitt Opens New Flagship Store on London’s Regent Street

365 Retail

Charles Tyrwhitt has opened a new flagship store on London’s prestigious Regent Street, marking the brand’s eighth opening in just one year. The store, located at no.218 Regent Street, welcomes the public starting April 19th, and is situated in a beautifully preserved grade-listed building. Perfectly positioned just moments from Oxford Street tube station, the new 4,200 sq. foot store offers an immersive shopping experience.

Location 106
article thumbnail

Apple Removes WhatsApp and Threads From China App Store

Retail Wire

Apple has taken down WhatsApp and Threads from its app store in China due to an order from the country's internet regulator over national security concerns.

130
130
article thumbnail

UK supermarkets caught using ‘misleading’ food labels by Which?

Retail Gazette

UK supermarkets have been accused of using “inconsistent” and “misleading” labelling on products, making it difficult for customers to know where their groceries come from. An investigation by Which? found that grocers were selling goods which had “meaningless” statements on their packets. It’s mandatory for retailers to include the country of origin on specific foods such as fresh fruit and vegetables, unprocessed meats, fish, olive oil and wine, althou

article thumbnail

Forrester Report: Demystifying The Technical Functions of POS Solutions

Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.

article thumbnail

JetBlue and Southwest Airlines Collision Narrowly Avoided at Reagan National Airport

Retail Wire

An air traffic controller instructed one plane to cross the runway at the same time a second plane was taking off.

ATS 130
article thumbnail

Oliver Bonas to Launch New Store at Bluewater Shopping Centre

365 Retail

Oliver Bonas is set to open a new store at Bluewater, one of Kent’s premier shopping and leisure destinations, on Saturday 20th April. The new store, located on the Lower Guildhall opposite John Lewis, will offer a broad selection of the brand’s products, making it a key addition to the shopping centre’s retail lineup. Founded in 1993, Oliver Bonas has established itself as an influential independent British lifestyle brand, recognised for its unique mix of fashion, homeware, a

article thumbnail

Trader Joe’s Recalls Organic Basil Product Linked to Salmonella Outbreak

Retail Wire

The company's Infinite Herbs Organic Basil product is recalled due to a possible salmonella contamination.

130
130
article thumbnail

Westgate Oxford to Host ‘we are.’ Pre-loved Fashion Pop-Up This May

365 Retail

Westgate Oxford is set to welcome the return of the popular pre-loved fashion pop-up, ‘we are.’, this May. The fast-growing sustainable fashion venture will be set up on Leiden Square from Friday 17th to Sunday 19th May, offering a unique shopping experience for eco-conscious fashion enthusiasts. The pop-up store will feature high-quality secondhand clothing, including womenswear and menswear from beloved brands like Tommy Hilfiger, Ralph Lauren, and Nike.

Fashion 64
article thumbnail

Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, 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

article thumbnail

Red Lobster Faces Possible Bankruptcy Amid Financial Struggles

Retail Wire

Red Lobster is contemplating filing for Chapter 11 bankruptcy due to mounting debts and financial challenges.

130
130
article thumbnail

Can Superdry’s restructuring plan save the business?

Retail Gazette

Superdry co-founder and chief executive Julian Dunkerton issued shareholders an ultimatum this week: support my restructuring plan or the business will collapse into administration. The ailing fashion retailer’s last-ditch attempt to stay afloat includes gaining rent reductions across 39 of its 94 UK stores, a £10m equity raise underwritten by Dunkerton, and delisting from the stock market.

article thumbnail

Boeing To Introduce Flying Cars in Asia by 2030

Retail Wire

Boeing, the U.S. aircraft manufacturer, has set its sights on introducing flying cars to Asia by 2030.

130
130
article thumbnail

Amazon introduces shoppable, ad-supported channel to Prime Video, Freevee

Retail Dive

The channel leverages Amazon’s “shop the show” technology enabling viewers to easily purchase content seen on their TV screen via a mobile device.

article thumbnail

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.

article thumbnail

Wayfair To Launch Its First Physical Furniture Store Next Month

Retail Wire

Wayfair, the online furniture retailer, announced its first physical store opening next month.

130
130
article thumbnail

Women Entrepreneurs Are a Dynamic Force in Global Growth

LS Retail

Entrepreneurs are among the most dynamic drivers of global economic growth, and women are laying claim to the role in greater numbers than ever. In the U.S., for example, research shows that women-owned businesses are growing at twice the rate of all others. Yet, according to the World Bank, women continue to face enormous obstacles, including powerful social constraints, limited time and a lack of training.

article thumbnail

Legacy Brokers $27.6 Million Sale of Plaza 50 in Kenosha, Washington

Shopping Center

Kenosha, Wash. — Legacy Realty Group Advisors has brokered the $27.6 million sale of Plaza 50, a 199,217-square-foot retail center located in Kenosha. Pick ‘N Save, Burlington Coat Factory, Marshalls and… The post Legacy Brokers $27.6 Million Sale of Plaza 50 in Kenosha, Washington appeared first on Shopping Center Business.

article thumbnail

EE Launches Soothing Soundscapes at its UK-first Digital Spa in Westfield London

365 Retail

EE is marking Stress Awareness Month by enhancing the retail experience with the introduction of new soothing soundscapes at its UK-first Digital Spa, located in the flagship Studio store at Westfield London, White City. This initiative is part of a broader effort to create a calming shopping environment, in response to research findings that a significant majority of Brits (68%) prefer shopping in a relaxed setting.

ATS 59
article thumbnail

How Personalized Customer Experiences Drive Retail Growth and Revenue

Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach

More and more, customers are expecting a better personalized CX. But can retailers actually deliver? Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions? Join us to gain a better understanding of the current retail landscape and learn what you can do to translate personalization strategies into practical implementatio

article thumbnail

EE and Calm unite on new offering to ease in-store shopping stress

A1 Retail

EE and Calm have teamed up to curate three meditative soundscapes, designed to help shoppers in London find their calm, in time for Stress Awareness Month. Situated in EE’s UK first Digital Spa in its flagship Studio store in Westfield London, White City, shoppers can relax and recharge by tuning in to the Ocean, Rain and Thunderstorm soundscapes in the immersive sensory room.

article thumbnail

IKEA Ireland Unveils New State-of-the-Art Distribution Centre in Rathcoole, Co. Dublin

365 Retail

IKEA Ireland has opened a new state-of-the-art distribution centre located in Rathcoole, Co. Dublin, marking a significant milestone in the company’s expansion within Ireland. This facility, which employs over 200 people, is part of IKEA’s continued investment in the region that includes upgrades to the Ballymun store and a collaboration with Tesco Ireland to offer an affordable collection service.

article thumbnail

Shaftesbury Capital welcome new F&B concepts in Soho

A1 Retail

Shaftesbury Capital has announced six new hospitality additions to its Soho portfolio, as operators continue to thrive across the creative and vibrant neighbourhood. Kingly Street welcomes two new signings from The Counter and Little Door & Co. alongside the upsize of pub and cocktail bar Two Floors; whilst three-storey alfresco dining destination, Kingly Court, has introduced two new debut concepts, Liu Xiaomian and Donia,and celebrates the reopening of pan Asian specialist, OKA, together a

article thumbnail

Half of UK Consumers Back a Return to VAT-free Shopping for Tourists to Boost Retail Spend and Visitor Numbers, Retail Technology Show Research Reveals

365 Retail

Despite the Government refusing to overturn the abolition of the duty-free shopping for tourists in the Spring Budget, now half (50%) of UK consumers want the scheme to be reinstated, according to the latest research from Retail Technology Show (RTS), the leading event that connects retail’s changemakers and leading tech innovators. Original research of over 1,000 shoppers by the RTS, which takes place at London Olympia on the 24 and 25 April 2024, revealed half (50%) of consumers think the Gove

Returns 59
article thumbnail

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.