article thumbnail

Michel’s brand to be axed

Inside Retail

RFG acquired the business in 2007. Five years ago a Queensland court ruled RFG had breached Australian Consumer Law, successfully finding in favour of the franchisees claim they were misled in 2012 over quality and supplier agreements.

article thumbnail

Amazon Appoints Insider as CEO of Worldwide Stores

Retail TouchPoints

Amazon has named 17-year company veteran Doug Herrington to the renamed role of CEO of Worldwide Amazon Stores, filling the position left vacant by former CEO of the Worldwide Consumer Dave Clark. Since 2015, Herrington has served as Amazon’s SVP of the North America Consumer.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Delta variant is tanking consumer sentiment

Retail Wire

American consumers are deeply concerned about the spread of the Delta variant and its potential impact on every aspect of their lives. The University of Michigan’s preliminary consumer sentiment index for early August fell to its lowest level since 2011, making it one of the three biggest declines over the past 50 years.

Consumer 130
article thumbnail

How True Religion aims to be the latest Y2K-era brand to make a comeback

Inside Retail

By 2013, the company reached peak profit, when it hit $490 million in revenue, after nearly tripling sales between 2007 and 2012. So, what is driving the renewed consumer interest in True Religion today? The first major turnaround tactic was taking a step back to realise who True Religion’s ideal consumer base is today.

Fashion 130
article thumbnail

Inside Gordon Brothers’ ‘Asset-Light’ Strategy to Rejuvenate the Laura Ashley Brand

Retail TouchPoints

Moving from Vertical Operations to Asset-Light Gordon Brothers then set to work reimagining Laura Ashleys business model, while ensuring it stayed top-of-mind with consumers through a combination of product licensing and marketing activations. The brand has to have some form of emotional connection to the consumer, said DAngelo.

article thumbnail

Relationshop Empowers Regional Grocers with Stor.ai Acquisition

Retail TouchPoints

Digital engagement platform Relationshop has acquired global ecommerce company Stor.ai, which offers a solution that supports regional grocers by cultivating omnichannel engagement with consumers. Relationshop CEO Galen Waters will assume the role of CEO of Stor.ai. Mendel Gniwisch will transition from Stor.ai The acquisition of Stor.ai

Grocer 284
article thumbnail

Kogan CTO shares seven experimental use cases for generative AI in retail

Inside Retail

Speaking at an industry event in Melbourne this week, Kogan CTO Goran Stefkovski described the launch of ChatGPT as the most significant technological event since the arrival of the first iPhone in 2007. They got 100 million users in just two months. It’s way bigger than that now.

Consumer 147