Retail Wire
OCTOBER 12, 2024
7-Eleven has recently released its financial reports for the most recent quarter, and in a surprise move, has decided to close hundreds of its store locations in North America.
Retail TouchPoints
OCTOBER 15, 2024
Privately held hardware wholesaler True Value has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware as it prepares to sell “substantially all” of its business operations to rival Do it Best Corp. During the reorganization process, the 75-year-old retailer will continue to operate its 4,500 stores, which are independently owned, except for a corporate-owned location in Palatine, Ill.
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Retail TouchPoints
OCTOBER 10, 2024
Walmart will leverage proprietary AI, generative AI and retail-specific Large Language Models (LLMs) to provide hyper-personalized customer experiences and improve customer service. Additionally, the retail giant has developed an augmented reality (AR) platform that uses AI to create tens of thousands of 3D assets as well as immersive commerce APIs, enabling Walmart shopping experiences that are embedded in new virtual social environments.
Inside Retail
OCTOBER 10, 2024
Some of Europe’s largest fashion companies will start collecting discarded clothes from April as part of a voluntary pilot scheme to manage textile waste that anticipates EU regulations expected to come into force in 2026. Zara owner Inditex, Sweden’s H&M, France’s Decathlon, Ikea and UK-headquartered Primark are among 10 brands that will participate in a trial that will separate textiles and shoes from other waste collection so they can be reused or recycled, according to
Advertiser: Experience Retail Today
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.
Retail Focus
OCTOBER 14, 2024
QUIZ, the omni-channel fashion brand, has opened its newly designed and relocated store in South Mall, Derby. Although just four units away from QUIZ’s former shop in the shopping centre, the larger space, approximately 1,900 sq ft of sales floor, offers a more spacious and premium shopping experience for customers. The store has been decorated in line with QUIZ’s recently revamped and modernised shop design, including an open ceiling with a central raft and led spotlights throughout the store,
National Retail Solutions
OCTOBER 8, 2024
Modern payment technologies like EMV chips, contactless options, and mobile apps are transforming gas station security, reducing fraud, and ensuring safer, faster transactions for customers and businesses alike. The post Gas Station Payment Security: Best Practices for a Safer Experience appeared first on National Retail Solutions.
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Retail TouchPoints
OCTOBER 11, 2024
Walmart will work with Solar Landscape to support 74 commercial rooftop solar projects that are expected to come online in 2024 and 2025 and create nearly 43 megawatts of solar capacity for communities in Maryland and Illinois. Approximately half of the portfolio is designed to reduce energy costs for low- and moderate-income households, and Solar Landscape estimates that the combined projects will save consumers about $1 million annually on energy bills.
Inside Retail
OCTOBER 10, 2024
Japan’s Fast Retailing, owner of clothing brands Uniqlo and GU, booked its third consecutive year of record earnings on Thursday, boosted by widened profit margins in its international segments. Operating profit rose 31 per cent to US$3.35 billion in the 12 months through August from $2.55 billion a year earlier, the apparel maker said in a statement.
Retail Focus
OCTOBER 14, 2024
Merry Hill has welcomed lifestyle, technology, and home appliance retailer, Harvey Norman, which has opened its 57,000 sq ft flagship store. The new space is the retail giant’s first location in England. Internationally known as a home for big brands, Harvey Norman’s new store offers its extensive range of products designed to enhance the home. This includes a selection of luxury furniture, including sofas, dining sets, bedroom suites and mattresses, as well as an assortment of smaller items inc
Retail Dive
OCTOBER 11, 2024
The retailer also aims to generate $520 million through sale-leasebacks of an undisclosed number of stores as its parent company slashes its profit forecast and spins off non-core segments.
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
Retail Wire
OCTOBER 12, 2024
Kelly Ortberg, President and CEO of Boeing, communicated to employees about the significant challenges the company is currently facing.
Retail TouchPoints
OCTOBER 11, 2024
CPG brands have been trying a lot of new things to connect directly with their consumers, including DTC websites and retailer-agnostic loyalty programs , but Frito-Lay has pulled a new one out of the bag: a Doritos -themed restaurant. Image courtesy Frito-Lay The Doritos After Dark restaurant is a “new bold culinary experience,” now open at the Crypto.com Arena in Los Angeles.
Inside Retail
OCTOBER 13, 2024
Foot Locker will launch its first reimagined concept store in Australia at Melbourne Central this Friday. The store will feature Foot Locker’s ‘Home Court’ experience, a multi-brand destination developed in partnership with Nike and Jordan. Its product offer will include on-court and off-court items from Nike, Jordan, Adidas, Puma, New Balance, and Under Armour.
Retail Focus
OCTOBER 14, 2024
Loyalty programmes have been around for over 100 years, allowing customers to get rewarded for sticking with a business. Now, thanks to the internet, it’s easy for even small and midsize businesses to set up a similar arrangement. Competition may be fierce and not every programme is made equal, but these three building blocks are present in almost all successful loyalty programmes. 1.
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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.
Retail Gazette
OCTOBER 14, 2024
Australian bootmaker RM Williams is targeting the UK’s affluent regions as its owner looks to boost its international presence. The leather goods retailer opened its third UK store this week in Buckinghamshire’s Marlow and will open another in Cambridge in December, The Financial Times reported. The brand, including its popular Chelsea boots, will also be stocked in Selfridges and Harrods later this month.
Retail Wire
OCTOBER 10, 2024
Krispy Kreme has announced an exciting promotion to commemorate the launch of its donuts at McDonald's locations in the Chicago area, starting October 15. As part of this initiative, the donut chain is offering a free Original Glazed donut to anyone who brings in and shows a McDonald's receipt between October 10 and 14 at participating Krispy Kreme shops across the country.
Retail TouchPoints
OCTOBER 11, 2024
Grocery chain Save A Lot has debuted its first-ever loyalty program — Save A Lot Rewards. Available via a new mobile app, Save A Lot Rewards offers shoppers points called “dots” that can be redeemed for rewards and free products. Independent Save A Lot Retail stores across the chain’s 750 -strong fleet will have the flexibility to customize the app with local offers alongside national offers; the app also features exclusive coupons and deals.
Inside Retail
OCTOBER 9, 2024
Guzman Y Gomez says it has witnessed significant sales growth in the first first quarter amid improved performance across all markets – except in the US. The Mexican-themed fast food chain booked network sales of $278.8 million in the quarter ended September 30, up 20.7 per cent from a year ago. This comes as sales grew 21.1 per cent to $260.2 million in Australia and by 19.3 per cent to $13.6 million in Singapore.
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
Retail Dive
OCTOBER 14, 2024
By partnering with Flooid, retailers can not only survive the holiday rush but thrive, leaving customers satisfied and coming back for more.
Retail Gazette
OCTOBER 8, 2024
Tesco and Sainsbury’s both increased market share this month as Asda’s hold on the grocery sector continues to falter. Britain’s biggest supermarket Tesco achieved its largest share since December 2017, upping it from 27.4% to 28% as sales rose 5.2% in the 12 weeks to 29 September. Sainsbury’s stepped up its market share by 0.4 percentage points to 15.2% after sales increased 5.1%.
Retail Wire
OCTOBER 10, 2024
Starting Oct. 31, Taco Bell will launch the Chicken Al Pastor Street Chalupas in select locations — but only in Minneapolis for the time being.
Retail TouchPoints
OCTOBER 9, 2024
Spirit Halloween will trade jack o’ lanterns for candy canes after Oct. 31 with plans to operate 10 Spirit Christmas stores in New York, New Jersey, Connecticut, Massachusetts and Pennsylvania. But before that, the seasonal retailer will offer same-day delivery from 800+ of its Halloween stores this season via a partnership with crowdsourced delivery provider Roadie , leveraging a direct integration between the retailer’s online store and the Roadie platform.
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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.
Inside Retail
OCTOBER 13, 2024
Lendlease has named former Bunnings CEO John Gillam as its new chairman, effective November 15, succeeding Michael Ullmer. Gillam is currently the chair of Nufarm, the VetPartners Group, and BlueFit and a director of the Clontarf Foundation. Prior to that, he served as chairman of CSR and Officeworks. “John is a highly experienced chairman who brings deep strategic and commercial acumen and a strong track record of operational delivery and execution in both executive and non-executive role
Retail Dive
OCTOBER 11, 2024
The Denver-based retailer filed for Chapter 11 bankruptcy in May and intended to restructure. That plan fell through, CEO Mike Fogarty said Monday.
Retail Gazette
OCTOBER 9, 2024
Uniqlo owner Fast Retailing is expected to post a third year of record profits, which are forecast to have grown 24% for the 12 months through August to £2.46bn. This is £20m more than the fashion retailer forecast and comes as Uniqlo has focused on expanding into Western markets. It opened the door to a new store at Coal Drops Yard in Kings Cross and is set to reopen its London White City store this week.
Retail Wire
OCTOBER 9, 2024
Chick-fil-A is rumored to be bringing back two beloved menu items next month, that’s starting to create a buzz among fans of the fast-food retail chain.
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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.
Retail TouchPoints
OCTOBER 11, 2024
Humans are visual creatures; it’s a biological trait developed way back when we all still lived in caves. The world has changed a bit since then, with things like electricity, grocery stores and the internet, but humans still rely on their eyes when gathering supplies — even though that process has become less about hunting and more about simply browsing and selecting.
Inside Retail
OCTOBER 13, 2024
LVMH-owned travel retail group DFS has announced the departure of its chairman and CEO Benjamin Vuchot, who is leaving the company to pursue other professional interests. Vuchot was previously regional president of Asia North at DFS Group from 2011 to 2017 before becoming president of Asia at Sephora. He returned to the travel retailer as chairman and CEO in October 2020.
Retail Customer Experience
OCTOBER 10, 2024
In an era where online shopping is a commodity and brands are drowning in the sea of sameness, customer experience is the last true differentiator for ecommerce companies. This session explores Microsoft’s formula for working with retailers to build customer experiences that turn customers into life-long fans.
Retail Gazette
OCTOBER 10, 2024
There has been a revolving door in retail’s boardrooms with a swathe of CEOs exiting in recent months with the CEOs of John Lewis and Matalan stepping down this week alone. Retail Gazette takes a look at some of the biggest CEO departures over the past few months. John Lewis John Lewis partnership CEO Nish Kankiwala left his position as CEO of the retailer earlier this month (October) as he reverted back to a non-executive role.
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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