Trending Articles

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Big Lots’ Planned Private Equity Sale Falls Through; Retailer Commences Going out of Business Sales

Retail TouchPoints

Closeout retailer Big Lots has initiated going of out business sales at its remaining stores following the news that a planned sale to Nexus Capital Management has fallen through. The troubled retailer is still pursuing an alternative going concern transaction with Nexus or another party, with the goal of completing a sale by early next month. Big Lots currently operates 960 stores, according to its website , and will continue to serve customers both in-store and online.

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Wendy’s Is Closing 140 Locations by the End of 2024. Here’s Who May Be Affected.

Retail Wire

Wendy's is closing several locations before the year is over.

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Aesop CEO Michael O’Keeffe to depart after more than 20 years

Inside Retail

Aesop CEO Michael O’Keeffe is exiting the company, where he worked for the past 22 years, the Australian Financial Review has reported. “I need a break and sabbatical and need to move on to the next project,” O’Keeffe told AFR Weekend. “At any company, there is a time that a CEO should be there.” O’Keeffe’s departure comes after Aesop hit $1 billion in sales this year, which he says the company could easily double.

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Boxing Day footfall to rise +2% year-on-year after stellar Super Saturday weekend for in-store shopper counts – RetailNext

Retail Focus

After a jump in shopper counts over Panic Weekend (21 and 22 Dec 2024), Boxing Day (26 Dec 2024) store traffic is also expected to rise +2%, according to RetailNext , the leading analytics solution for bricks-and-mortar retailers. Original data from RetailNexts UK shopper traffic index, which captures billions of store visits globally each year, showed that footfall on Super Saturday (21 Dec 2024) jumped +2.2% year-on-year, prompted by retailers offering early Boxing Day discounts as well as the

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The Evolving Retailer's Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto

Fulfilment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfilment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for everyd

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Lakeside Shopping Centre honoured with International Green Apple Environment Award at Kensington Palace

A1 Retail

Lakeside Shopping Centre has achieved a significant milestone in environmental excellence by winning an International Green Apple Environment Award, its fourth Green Apple Award in three years. This prestigious recognition identifies and celebrates the greenest companies. Selected from over 1,200 nominations worldwide,Lakeside Shopping Centrereceived this coveted accolade at a glittering awards ceremony held at Kensington Palace, London, on 18 November.

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Nordstrom Family and Mexican Retailer Liverpool to Take Company Private in $6.25B Deal

Retail TouchPoints

Members of the Nordstrom family along with Liverpool , a Mexican retailer that has recently been expanding relationships with U.S.-based companies, will take the storied luxury department store private in an all-cash deal valued at approximately $6.25 billion. The transaction, expected to close during the first half of 2025, will give the family members 50.1% ownership of the company and 49.9% to Liverpool.

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Little Bellies wins landmark copyright case against Aldi

Inside Retail

Snack food brand Little Bellies parent Every Bite Counts has won a copyright infringement claim against supermarket giant Aldi, a case that was described as unprecedented in Australia. Justice Moshinsky recently found that various Aldi packaging infringed artistic works of Little Bellies’ cornerstone range of children’s snack food products.

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Nike CEO insists brand needs to restore its obsession with sport

Retail Gazette

The new boss of Nike has insisted the brand needs to restore its obsession with sport as part of its turnaround efforts. CEO Elliott Hill, who returned to the sporting giant in October, said the brand had become “too promotional,” and insisted that “being premium also meant full price,” The Times reported. Speaking to investors on Thursday (19 December), he explained the chain’s website had been offering a 50-50 split of full price and discount items.

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Top 10 Christmas Commercials and Ads from Retailers and Brands | 2024 Edition

Tokinomo

The holiday season is a time for joy, togetherness, and festive cheerand brands often seize the opportunity to create commercials that capture the spirit of Christmas. In 2024, FMCG brands and retailers have outdone themselves, delivering creative, heartwarming, and memorable campaigns that not only entertain but also reflect themes of tradition, kindness, and celebration.

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Betting on Commerce Media? Then Don’t Model Your Data

Retail TouchPoints

Im a lawyer, and Im also a doctor. Im in Gen Z, yet Im 45. I like dirt bikes and also the opera. This sounds like the setup to some riddle. In fact, its what appeared when I searched myself in an online registry of the audience segments data providers thought I was part of. For the record, I am none of these things, nor am I in many of the 400 other segments I was seemingly randomly assigned to.

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Modernizing the Frontend Experience on Salesforce Commerce Cloud

Unlock agility, boost performance, and gain control over your Salesforce frontend with the latest masterclass from Composable.com : Modernizing the Frontend Experience on Salesforce Commerce Cloud Featuring experts from Algolia, Ember, Netlify, and Stripe, this masterclass focuses on practical strategies for optimizing your Salesforce Commerce Cloud storefronts using modern composable commerce integrations.

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Del Taco May Finally Be Coming to South Carolina. Here Are the Details.

Retail Wire

Del Taco is coming to the Prairie State.

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VIDEO: Former CEO Mindy Grossman on why retailers are like professional athletes

Inside Retail

With 30 years of executive leadership experience, including stints as CEO and president of Weight Watchers Inter n ational and the Home Shopping Network, Mindy Grossman has been through her fair share of business transformations. Here, she shares her thoughts on what it takes to succeed in todays retail environment and how she got her start in the industry.

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Party City to close all stores in bankruptcy

Retail Dive

About 14 months after emerging from Chapter 11, the retailer finds itself in bankruptcy court once again. This time, it’s liquidating.

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Oak Furnitureland to open new North Shields showroom on Boxing Day

A1 Retail

New 17,000 sq ft showroom set to open in the Silverlink Retail Park on Boxing Day, bringing the brand to North Tyneside for the first time The new store carries Oak Furniturelands whole home product offering, designed to resonate with a wider customer base Oak Furnitureland is opening a new showroom in North Shields as part of plans to drive growth and expand its showroom portfolio across the UK.

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Website Security Essentials: Protect Your Site and Strengthen Cybersecurity

In a digital-first world, website security is non-negotiable. This comprehensive guide explores the critical importance of securing your site against hackers and vulnerabilities like SQL injection, XSS, and malware. Discover tools like SiteLock for threat monitoring and CodeGuard for seamless backups, ensuring robust protection for your data and operations.

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The Party’s Over at Party City; Retailer Preps to Close 700 Stores Nationwide

Retail TouchPoints

Party City Holdco Inc. (PCHI) has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in the Southern District of Texas and has begun to wind down retail and wholesale operations, including holding going out of business sales prior to closing its approximately 700 stores across the country. The retailer was attempting a financial restructuring as it was emerging from its previous bankruptcy in October 2023.

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Pork Recall: Over 10,000 Pounds of Products Have Been Recalled Across the United States

Retail Wire

The pork recall involves over 10,000 pounds of products.

Consumer 162
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US toy brand KidKraft quits Australian warehouses with $1 ‘Fire Sale Auction’

Inside Retail

US toy label KidKraft will launch a clearance auction this weekend as it shuts down its Australian warehouse operations. The auction, managed by Lloyds, will include premium toys and furniture worth more than $800,000, with each item starting at $1. It will take place online across the Gold Coast, Brisbane, Sydney, and Melbourne, with pickup available in the two days before Christmas or in early 2025.

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Nordstroms succeed in taking company private for $6.25B

Retail Dive

The board unanimously approved the deal, which also includes Mexican retail conglomerate El Puerto de Liverpool and gives the founding family a majority stake.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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‘Second hand Santa’: Festive shoppers favour pre-loved presents

A1 Retail

Four-in-ten (43 percent) shoppers will look to buy pre-loved goods as gifts this Christmas, according to new research by YouGov. A survey of 2,000 UK consumers for retail logistics companies Advanced Supply Chain (ASC) and ReBound Returns shows that 40 percent of Christmas shoppers are more likely to buy used, second hand gifts this Christmas than they were last year. 34 percent of people now think its much more socially acceptable to buy pre-loved presents for families and friends, with the sti

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Technology Created Grocery Hopping, and Technology can Solve it

Retail TouchPoints

For consumers, grocery shopping has become a multi-location event, with shoppers visiting an average of 5.2 stores to cross every item off their lists. This grocery hopping trend has become especially prevalent thanks to consumer-friendly technology like curbside pickup, home delivery and online ordering. These time-saving and convenient offerings make it easier than ever for shoppers to take an a la carte approach to their food shopping.

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Costco Egg Recall Raised to Highest Risk Level by FDA Over Salmonella Fears

Retail Wire

The Costco egg recall is going to be affecting millions of customers.

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Six things every employer in the retail industry must know

Inside Retail

Its been a huge year for change, with Australias industrial relations framework undergoing the most significant overhaul since the introduction of the Fair Work Act (Cth) 2009 15 years ago. The latest of these changes came into place on 26 August 2024, bringing sweeping reforms to casual employment laws. Did you know that the retail sector accounts for nearly 9.7 per cent of the Australian workforce?

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NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot

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.

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Asda owners enjoy £44m payout despite poor performance

Retail Gazette

Asdas private equity owner has enjoyed a 44m payout despite the supermarket chains ongoing struggles. Newly filed accounts for TDR Capital, which also owns pet retailer Jollyes, show its partners shared a profit pot of 43.9m in the year to March, 10m more than the 33.6m from the year prior. The highest earning partner received 2.9m, The Telegraph reported.

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Dollar Tree names Michael Creedon permanent CEO

Retail Dive

Creedon, the retailer’s chief operating officer, has been serving as interim chief since November and takes the helm as it navigates several major initiatives.

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Best Buy to Launch Third-Party Marketplace, Again

Retail TouchPoints

Best Buy is giving a third-party marketplace another go. After shutting down its first attempt in 2016, the retailer is back eight years later with plans to launch a new online marketplace built on the Mirakl platform in summer 2025. I am excited to announce that our Sell on Best Buy Marketplace landing page is now live and accepting applications, so come and get your products in front of millions of customers and grow your business with us, said Frank Bedo, Chief Marketplace and Ecommerce Offic

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Walmart’s Image Makeover Is Attracting High-Income Earners

Retail Wire

Walmart is expanding its appeal to include higher income shoppers.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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What Pinterest’s 2025 trend predictions mean for retailers

Inside Retail

It’s that time of the year again when Pinterest predicts the themes that will dominate shopping habits and consumer behaviour. While the app uses a lot of buzzwords to name and describe the emerging trends, its data collected from users gives retailers a unique insight into the minds of consumers. Retailers dont need to necessarily launch a new category or product range that aligns with the inevitable trends that will flood social media channels, they can use them to ground imagery and cop

Consumer 130
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The Range to open first set of former Homebase stores next month

Retail Gazette

The Range is set to open the first three of its new-format stores following the acquisition of the Homebase brand and up to 70 stores last month. The DIY chains branches in Pollokshaws in Glasgow, Christchurch in Bournemouth, and Kings Heath in Birmingham will reopen their doors as The Range Superstores on 17 January. CDS, which owns The Range, Homebase , and Wilko, said the new-format locations combines the exceptional product variety The Range is known for with the home improvement expertise o

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The Container Store files for bankruptcy, but it’s business as usual

Retail Dive

Thanks to an agreement with most of its term loan lenders, the retailer will keep its stores and website open and emerge as a private company.

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Private Label Everything: Why ‘Off-Brand’ is On-Trend

Retail TouchPoints

For decades, household name brands have topped the consumer market. Theyve dominated shelf space at retailers around the world while owning consumer mindshare thanks to massive marketing budgets, established reputations and widespread recognition. Conversely, private labels were perceived solely as cost-effective solutions that helped stretch family budgets or worse, uncool and untrendy alternatives to the national brands they competed with on the shelf.

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Is Your Business AI-Ready? Find Out with Orium’s Maturity Model

Generative AI is poised to redefine B2B, but scaling AI success in this space isn’t without obstacles. From fragmented data sources and complex buyer journeys to operational inefficiencies, the road to AI-powered growth can be challenging. To achieve a competitive edge, understanding your organization’s AI-readiness is essential. Orium's Data & AI Maturity Model provides a quick, actionable way to assess your starting point.