Inside Retail

JUNE 23, 2024

Department store group Myer has proposed to combine its business with Premier Investments’ Apparel Brands, comprising Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti. The proposal is non-binding, indicative and conditional. Myer proposes an all-scrip merger in which it would acquire Premier’s Apparel Brands – previously called the Just Group before Premier acquired the business in 2008 – in exchange for the issue of new Myer shares to Premier.

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Apparel Department Stores Marketing Accessories 306

Retail TouchPoints

JUNE 24, 2024

Target has entered a new partnership with Shopify that will allow U.S.-based Shopify merchants to apply to sell through the Target Plus third-party marketplace , and in some cases in Target’s physical stores. Among the Shopify brands already selected to be included on Target Plus are T-shirt brand True Classic and baby brand Caden Lane. Sample of a brand page on the Target Plus marketplace.

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Consumer Shopping ATS 276

Retail Wire

JUNE 24, 2024

Target has announced a strategic partnership with Shopify to invigorate its third-party marketplace, Target Plus, by adding new and trendy brands to its online offerings.

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Retail Focus

JUNE 24, 2024

Men’s clothing retailer Wax London is opening a new store at Covent Garden, 45 Neil Street, Covent Garden, WC2H 9PR on 28 June 2024, which at 975 sq ft will be over double the size of both the brand’s Berwick St and Spitalfields stores and with “further deals in the pipeline for London and key UK cities” in 2025. The Neil Street opening marks Wax London’s third permanent UK store in London.

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Accessories Fashion ATS 147

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Retail Gazette

JUNE 23, 2024

Frasers Group has struck a new multi-year partnership with THG, which will see the online group integrate the Frasers Plus credit offer into its Ingenuity platform while the Mike Ashley-controlled business snaps up its luxury brands business, including Coggles. Retail Gazette revealed that the Mike Ashley-controlled group was close to buying Coggles on Friday.

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Payment Services Fulfillment Management Consumer 123

Inside Retail

JUNE 23, 2024

Metcash delivered lower earnings despite higher sales in the last fiscal year, reflecting an increase in cost of doing business particularly in the hardware segment. The group’s statutory profit after tax slid 0.7 per cent to $257.2 million while revenue rose 0.7 per cent to $15.9 billion in the year ended April 30. Its food sales were up 4.6 per cent with strong growth in both Supermarkets and Campbells and Convenience.

Supermarket 271

Supermarket Marketing 271

Retail Wire

JUNE 23, 2024

A Walmart customer has recently taken the internet by storm with a TikTok video showcasing an unusual watermelon she purchased from the retail giant. The video, shared by Gabriela (@gabrielanailsnmakeup), has accumulated over 5 million views as of Saturday evening, sparking widespread curiosity and concern among viewers.

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Retail Focus

JUNE 25, 2024

For university students in particular who want to work in competitive industries like retail design, networking is essential. Creating a strong professional network could lead to internships, employment chances, and priceless mentoring. Here are some crucial networking advice aimed at students hoping to succeed in retail design. Gain Knowledge of the Industry Understand the retail design sector before you start networking.

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Finance Management Customer Experience Marketing 130

Retail Gazette

JUNE 24, 2024

Online mattress retailer Emma is set to lay off almost a fifth of its worldwide workforce after realigning its expectations for 2024. The firm will be axing 200 employees, 18% of its workforce, amid volatile global economic conditions hitting both the online and home sector. The company initially had ambitious plans for 2024, including business expansion and diversifying its product portfolio as it opened its first UK store earlier this year.

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Accessories Location Shopping Planning 110

Inside Retail

JUNE 24, 2024

Following the €1 billion acquisition of the KaDeWe property in Berlin’s most famous shopping street Tauentzienstraße, from Signa Prime Selection AG last April, Central Group has agreed to acquire the rest of the KaDeWe Group portfolio – Alsterhaus in Hamburg and Oberpollinger in Munich. The acquisition was foreseeable as the group had already co-invested in KaDeWe Group with Signa since 2015.

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Department Stores Location Store Operations Marketing 254

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Retail TouchPoints

JUNE 24, 2024

Under Armour will pay $434 million to members of a class action lawsuit who bought the company’s stock between Sept. 16, 2015 and Nov. 1, 2019. The lawsuit, filed in 2017, alleged that Founder and then-CEO Kevin Plank knowingly or recklessly misrepresented facts regarding consumer demand for Under Armour’s products as well as the company’s financial and operating results, according to the Wall Street Journal.

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Accounting Payment Services Returns Planning 262

Retail Wire

JUNE 24, 2024

Amazon has announced its most significant initiative yet to reduce plastic packaging across its operations in North America, marking a substantial step toward sustainability in e-commerce.

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Retail Dive

JUNE 24, 2024

If approved, the agreement requires the retailer to keep its CEO and chair roles separate for three years and instill a performance-based condition for some executive stock benefits.

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Retail Gazette

JUNE 24, 2024

Iceland has released Frozen Out, its first-ever supermarket manifesto designed to give customers a voice as the General Election nears. A panel of seven customers from across the UK, selected to lead the manifesto , will provide monthly insights as part of Iceland’s initiative to bring real-world concerns to Westminster. The manifesto draws from a survey of over 6,500 customers, highlighting issues such as the cost-of-living crisis, which emerged as the top concern for respondents.

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Consumer Supermarket Accounting ATS 112

Speaker: David Nisbet, 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

Inside Retail

JUNE 23, 2024

E-commerce-driven healthcare is how Eucalyptus – a technology-powered healthcare provider, is changing the way Australians access dermatology, fertility, weight loss, men’s health, performance and longevity through its brands. Software is Australian-owned and is a subsidiary of Eucalyptus centred around dermatology. The brand includes a line of products retailed both direct-to-consumer (DTC) and through its retail partners – a natural progression in Eucalyptus’s purpose to build a better f

Beauty and Health 266

Beauty and Health Consumer Marketing ATS 266

Retail TouchPoints

JUNE 21, 2024

Bob’s EMS Holdings, parent company of Bob’s Stores and Eastern Mountain Sports (EMS), has filed for Chapter 11 protection in the U.S. Bankruptcy Court in Delaware. The retailers, which operate approximately 50 stores and employ nearly 800 full- and part-time employees, generated $131.85 million in net revenue last year, according to CEO David Barton in documents filed with the court.

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Advertising Store Operations ATS 275

Retail Wire

JUNE 23, 2024

The U.S. Food and Drug Administration (FDA) has issued a nationwide warning to dog owners following a recall of dog treats that may be contaminated with metal objects. The voluntary recall affects 3,551 bags of Green Tripe dog treats produced by Virginia-based TDBBS LLC, sold under the "Barkworthies" and "Best Bully Sticks" brand labels. These treats were available in retail outlets and online across the U.S. from February 2024 to May 2024.

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Retail Dive

JUNE 24, 2024

The department store’s start to the year was fairly weak, though improvements to merchandise and some stores have paid off, GlobalData said.

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Department Stores 122

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

Retail Gazette

JUNE 24, 2024

THG chair Lord Charles Allen has retained his position with just 9.25% of shareholders voting against his re-election, despite dissent from a vocal activist investor. Allen, the former CEO of ITV, joined the health and beauty retail group in 2022 to help stabilise the company’s sliding share price. His re-election comes despite Kelso Group, a minority shareholder with a 0.55% stake in the company, publicly opposing his reappointment as they voice concerns about what it claims is a lack of ac

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Beauty and Health Fulfillment Management ATS 112

Inside Retail

JUNE 19, 2024

In retail, it’s generally understood that “the customer is always right,” and businesses that can effectively tap into this advice, regardless of their product or service offering, are said to be best placed for success. Investing in customer service channels and technology can be a costly practice, but to quote another popular phrase, “You have to spend money to make money.

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Consumer Marketing Location Management 299

Retail TouchPoints

JUNE 21, 2024

Starbucks customers who are traveling often seek out the familiar green-and-white mermaid logo in or near hotels where they’re staying, so it makes sense that the coffee giant and Marriott Bonvoy are connecting their loyalty reward programs. Members that link their accounts can earn double Starbucks Star points during their stays at participating Marriott hotels and can earn 100 Marriott Bonvoy points when they make three qualifying transactions during designated weeks throughout the year (the f

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Accounting Promotions Marketing ATS 263

Retail Wire

JUNE 23, 2024

Stanley describes this exclusive collection as a dreamy blend of beauty and functionality. The tumblers are designed to match your favorite makeup or skincare routine, adding a touch of glamour to your hydration habits. With their high gloss or pearly shades, these tumblers are set to become a stylish accessory for many.

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Accessories ATS 264

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

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Cisco Retail

JUNE 25, 2024

Cisco, a leader in networking and cybersecurity solutions, introduced a range of new security incentives and promotions to maximize your profitability when selling Cisco Firewalls. Let's dive into our latest offerings.

Promotions 98

Promotions 98

Retail Gazette

JUNE 25, 2024

Morrisons like-for-likes excluding fuel and VAT rose 4.1% in its second quarter as the retailer cut down debt by 35% on peak levels. The supermarket flagged a “solid quarter of progress” Total sales excluding fuel edged up 3.4% to £3.8bn as underlying EBITDA for Morrisons’ first half surged 16% to £321m. Following the £2.5bn sale of its petrol filling stations to MFG, Morrisons completed its debt reduction tender in June and has cut group debt by 35% to £4bn from a peak of arou

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Supermarket Grocer Wholesale Fashion 105

Inside Retail

JUNE 24, 2024

Direct-to-consumer Smart Buy Glasses Group turned over an eight-figure top-line revenue last financial year and the business is expected to expand on this come July 1. With the global eyewear market revenue projected to reach US$174.06 billion by 2028, the business has a vast growth opportunity. Whilst discretionary spending is down across the board, the business continues to boom through offering affordable exceptional value products and services which has seen the optical sales and sunglasses

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Marketing Consumer ATS Accessories 237

Retail TouchPoints

JUNE 20, 2024

Target plans to roll out a new gen AI-powered chatbot designed to aide store associates in nearly all of its 2,000 stores following a six -month pilot at 400 locations. The majority of Target’s associates will have the tool, called Store Companion, in hand by August to help with on-the-job process questions, new team member training, store operations management and other tasks.

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Store Operations Planning Location Customer Experience 264

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Customer Experience

Retail Wire

JUNE 24, 2024

Leading AI startups OpenAI and Anthropic are disregarding regulations designed to prevent them from scraping web content without compensating publishers for training their models.

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Retail Dive

JUNE 21, 2024

The chains, in a “liquidity crisis” since their bank found them to be in default, require emergency funding to make payroll Friday.

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Retail Gazette

JUNE 25, 2024

Ocado cut close to 1,000 jobs in 2023 as it looked to reduce costs and boost profitability. The online grocer said it employed 18,869 people globally in its latest annual report, down from 19,744 the year prior. A significant amount of the staff cuts were in relation to “headcount rationalisation” within its head office and support functions, helping cut costs by around £17m, the Times reported.

Grocer 105

Grocer Consumer ATS 105

Inside Retail

JUNE 21, 2024

Digital gift card platform Prezzee has more than tripled its sales for the 18 months ended December 2023, according to its financial report lodged with the Australian Securities and Investments Commission. Card sales during the period grew 205 per cent from $1.1 billion to $3.4 billion, while revenue jumped 178 per cent from $58 million to $161 million.

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Marketing ATS 279

Advertiser: FourKites

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