Retail TouchPoints

MAY 8, 2024

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 270

Location Marketing ATS Customer Experience 270

Retail Wire

MAY 8, 2024

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

Advertising 279

Advertising 279

Inside Retail

MAY 7, 2024

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.

Supermarket 289

Supermarket Consumer 289

Retail Focus

MAY 8, 2024

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

Shopping Marketing 147

Speaker: Loreal Lynch, 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.

Checkout

Retail Gazette

MAY 7, 2024

Boohoo losses swelled to almost £160m as it encountered “difficult market conditions” caused by high levels of inflation and weakened consumer demand. Sales were down 17% to £1.46bn in the year to February 29, which it said reflected its increased focus on profitability alongside the challenging market conditions. It added that its sales were also impacted by the growth of its marketplace with its commission-only revenue model.

Fashion 114

Fashion Returns Marketing Consumer 114

Inside Retail

MAY 6, 2024

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

Planning Marketing ATS 321

Retail Wire

MAY 8, 2024

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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239

Retail Focus

MAY 8, 2024

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

Fashion Merchant Services Apparel Returns 147

Retail Gazette

MAY 8, 2024

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 113

Fashion Shopping ATS 113

Inside Retail

MAY 8, 2024

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.

Supermarket 245

Supermarket Customer Retention Consumer Wholesale 245

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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.

Management

Retail TouchPoints

MAY 8, 2024

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

Merchant Services 257

Merchant Services Advertising Customer Experience Marketing 257

Retail Wire

MAY 3, 2024

Sony Pictures and Apollo Global Management have sent a letter to the Paramount Global board showing their interest in buying the company for around $26 billion.

Management 279

Management 279

Retail Dive

MAY 8, 2024

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

Department Stores 95

Department Stores Shopping 95

Retail Gazette

MAY 4, 2024

Louis Vuitton owner LVMH has launched a raft of legal claims against Visa and Mastercard amid a long-standing dispute over credit card fees. More than a dozen brands that form part of LVMH, including Tiffany & Co, Christian Dior and Bulgari, have issued lawsuits against the US payment giants in the High Court, according to The Telegraph. Details of the LVMH case have not been made public but are thought to be linked to the long-running battle over interchange fees, which are paid by retailer

Payment Services 113

Payment Services ATS 113

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

Shopping

Inside Retail

MAY 7, 2024

Crocs continues to log stellar sales growth, although the company admits its secondary brand, HeyDude, is performing well below its potential. The company saw first-quarter net income increase 1.9 per cent year over year to $152.5 million as revenue rose 6 per cent to $939 million. The Crocs brand’s revenue climbed 14.6 per cent to $744 million, with North American revenue jumping 9 per cent to $383 million and international revenue soaring 21.3 per cent to $361 million.

Beauty and Health 242

Beauty and Health Finance Marketing Consumer 242

Retail TouchPoints

MAY 2, 2024

Following its acquisition of Zulily and the revival of Overstock.com , Beyond, Inc. is shoring up its executive team with a slate of eight high-level appointments across its business. “The most important part of building a long-term, profitable, growing business is putting the right players on the field,” said Marcus Lemonis, newly appointed Executive Chairman of Beyond, Inc. in a statement.

Specialty Retailers 298

Specialty Retailers Promotions Marketing Retail Marketing 298

Retail Wire

MAY 5, 2024

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

Marketing ATS 246

Retail Times

MAY 8, 2024

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Gousto, the UK’s best recipe box for choice*, is sailing through the Aegean sea with its new ‘Greek Odyssey’ recipe range to take Brits to warmer weather. Featuring 10 tantalising local dishes that are often overlooked, the Mediterranean-inspired collection promises to whisk taste buds away on a journey through various enchanting Greek islands.

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Advertiser: ZoomInfo

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

Promotions

Retail Gazette

MAY 2, 2024

Russell & Bromley has launched the first of its new concept “neighbourhood stores in Hampstead, London, in collaboration with its design partner, Shed. The concept store is designed to “fit seamlessly into the local village aesthetic”, according to the footwear retailer. Originally comprising two separate shopfronts, the stores have been merged into one, while maintaining the historic feel of the building.

Shopping 118

Shopping Planning Fashion 118

Inside Retail

MAY 5, 2024

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.

Net Profit 257

Net Profit Management 257

Retail TouchPoints

MAY 6, 2024

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.

Advertising 263

Advertising Consumer Marketing Planning 263

Retail Wire

MAY 2, 2024

In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.

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246

Advertiser: FourKites

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.

Marketing

Cisco Retail

MAY 8, 2024

Learn how Cisco is bringing on-prem and cloud security together into a unified platform to marry the power of Cisco Secure Firewall and Multicloud Defense.

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98

Retail Gazette

MAY 3, 2024

Asda has pushed its debt burdens into the next decade after refinancing more than £3.2bn of debt. The supermarket said the deal has postponed the majority of its maturities past 2030 and included the biggest sterling high-yield bond this year. It noted that it was also the second-largest sterling bond in the European leveraged finance market – only behind its original £2.25bn sterling bond tranches in 2021.

Supermarket 115

Supermarket Finance Marketing ATS 115

Inside Retail

MAY 3, 2024

Social media is now the world’s largest channel for advertising investment, with Western platforms growing the fastest driven by Chinese brands targeting US and European audiences. WARC Media said that social media has overtaken paid search in advertising investment and is forecasted to reach $247.3 billion this year, up 14.3 per cent from a year ago.

Advertising 264

Advertising Accounting Returns ATS 264

Retail TouchPoints

MAY 2, 2024

Loyalty programs are a common (and undeniably effective) tool for retailers to gather data and build customer lifetime value, but perhaps they’ve become a little too common. Companies often have a hard time differentiating their programs and communicating their unique benefits to members, particularly with primarily transactional, points-based programs.

Payment Services 289

Payment Services Consumer Promotions Customer Experience 289

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.

Customer Experience

Retail Wire

MAY 2, 2024

Snapchat has introduced a range of new augmented reality (AR) and machine learning (ML) tools created to assist brands and advertisers in engaging with users on the social platform through interactivity.

Advertising 246

Advertising 246

Wiser

MAY 8, 2024

In today’s competitive retail landscape, the ability to effectively manage trade spend is critical for brands aiming to drive profitable growth and enhance consumer engagement. Trade spend, which typically amounts to 15 percent to 20 percent of gross revenue in the retail industry, represents a significant portion of a company’s budget. Yet, despite its importance, many businesses struggle to measure trade promotion effectiveness.

Accounting 78

Accounting Promotions Returns Management 78

Retail Gazette

MAY 2, 2024

An additional 91 Matches Fashion staff members have been made redundant following Frasers Group’s intellectual property (IP) deal. On Monday, the Sports Direct and Flannels owner said it had snapped up Matches’ IP for an undisclosed amount, however the deal did not include the company’s remaining workers or £83m of stock, Drapers reported.

Finance 115

Finance Fashion ATS 115

Inside Retail

MAY 2, 2024

In the wake of the tragic Westfield Bondi Junction stabbing attack on April 13, Australian retailers have been revisiting their emergency response plans to ensure they are fully prepared for every contingency. Whilst many businesses have had emergency response plans in place for many years, recent events have highlighted the importance of proactive and continuous training, support and effective lines of communication between frontline retail staff and corporate teams to ensure they are prepared

Planning 263

Planning Shopping Location Management 263

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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.

Point of Sale