Retail Wire
JUNE 24, 2024
Since Wednesday, around 15,000 car dealerships across the U.S. have had to resort back to basics to run their businesses after a system outage at retail software provider CDK Global.
Retail TouchPoints
JUNE 24, 2024
Using Sora, a new text-to-video tool from OpenAI that has not yet been released to the public, Toys ‘R’ Us Studios and creative agency Native Foreign have created a short video telling the story of Toys ‘R’ Us founder Charles Lazarus and his idea that transformed toy stores, including the appearance of beloved mascot Geoffrey the Giraffe in a dream.
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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.
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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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.
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.
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.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail TouchPoints
JUNE 24, 2024
Image courtesy Perigold Natural-Born Elegance (Image courtesy Perigold) Off-Duty Luxe (Image courtesy Perigold) High-Contrast Confidence (Image courtesy Perigold) Luxury home retailer Perigold and women’s apparel brand M.M.LaFleur have entered a cross-category design partnership that will showcase “the art of fashion at home,” both online and in M.M.LaFleur’s stores.
Retail Wire
JUNE 24, 2024
Rally House, the national sports and merchandise retailer, has announced the opening of its first Houston location, Rally House Houston Outlets, marking a significant milestone in the company's expansion.
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.
Retail Wire
JUNE 24, 2024
The San Francisco McDonald's is just the latest casualty in the area.
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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
Retail TouchPoints
JUNE 24, 2024
M.M.LaFleur has garnered a loyal following for its elevated essentials and fashionable workwear. With best-sellers ranging from a $175 washable silk tank to a $365 buttoned dress, the brand’s items are lauded for their quality and long shelf life, which makes sustainability and longevity powerful marketing pillars that the brand consistently taps across channels.
Retail Wire
JUNE 24, 2024
Shopify has announced an expansion of its AI-powered tools to a wider user base.
Retail TouchPoints
JUNE 24, 2024
Fair Workweek laws, which aim to protect workers from unpredictable work schedules, are becoming more commonplace. Retailers need to understand how those laws affect them and their businesses. In essence, Fair Workweek laws aim to make business scheduling practices fairer and more predictable for employees. They require companies to give employees ample notice of work schedules, and they also provide penalties for last-minute schedule changes.
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Generative AI is reshaping retail, but achieving true AI success isn’t simple. Many brands face hurdles—underdeveloped data strategies, limited AI-ready infrastructure, or lack of seamless integration across systems. As you explore how AI can boost efficiency and transform customer experiences, understanding your business’s readiness is key. Orium's Data & AI Maturity Model offers a clear starting point.
Inside Retail
JUNE 24, 2024
Collins Foods ‘ earnings surged over sixfold in the last fiscal year on the back of positive same-store sales across all business segments. The company’s statutory net profit soared 501.9 per cent to $76.7 million as revenue increased 10.4 per cent to $1.49 billion. Its KFC Australia same-store sales grew 3.8 per cent while its KFC Europe’s same-store sales rose 4.9 per cent.
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.
Inside Retail
JUNE 24, 2024
Buy From A Black Woman. A powerful statement that is also the name of a non-profit organisation dedicated to the mission of empowering, educating, and inspiring Black women business owners and the people who support them. Recently, Buy From A Black Woman (BFABW) announced its fourth year of partnership with H&M Americas. In collaboration with the multi-chain retailer, BFABW has set up an annual multi-city pop-up shopping event, dubbed the “Inspire Tour”, featuring products from Black women-o
Retail TouchPoints
JUNE 24, 2024
Inditex , parent company of brands including Zara and Massimo Dutti , has joined the Canopy Pack4Good initiative that seeks sustainable packaging alternatives to logging ancient and endangered forests. These include recycled pulp and paper, next-gen solutions and Forest Stewardship Council certification. The company’s move builds on its decade-long CanopyStyle commitment to eliminate the use of products from endangered forests in its textiles.
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.
Inside Retail
JUNE 24, 2024
Australia will water down a planned world first ban on vaping after opposition from the Greens Party led the government on Monday to agree to amend a bill that would have restricted vapes to those with a doctor’s prescription. The agreement between the ruling centre-left Labour party and the Greens will see legislation pass later this week that restricts the sale of vapes to pharmacies and removes them from retail shelves, where they have fuelled a boom in youth vaping.
Retail Wire
JUNE 24, 2024
A historic Hollywood eatery based on one of Disney's most iconic movies is set to close after 78 years in business.
Inside Retail
JUNE 24, 2024
Retailers in China face a daunting near-term future after a disappointing mid-year online shopping festival that has also clouded the recovery prospects of the world’s second-largest economy. E-commerce sales declined for the first time during the so-called 618 festival that ended last week, reports said, reflecting the pressures building up on retailers who are already locked in a gruelling price war.
Retail Wire
JUNE 24, 2024
The four banks didn't have adequate living wills, according to regulators.
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Inside Retail
JUNE 24, 2024
Cettire confirmed it has launched in China and expects higher sales revenue for the fiscal year. The company said it already started processing orders in China. “As the world’s largest luxury market, China is an important strategic opportunity for Cettire,” said Dean Mintz, founder and CEO of Cettire. “The launch of our direct platform represents the culmination of considerable preparation and development from our dedicated team and our partners.
Retail Wire
JUNE 24, 2024
Here's everything we know about the McDonald's summer meal deals.
Inside Retail
JUNE 24, 2024
Suppliers of food and other products have been complaining for years about their treatment at the hands of Woolworths, Coles and Australia’s other big supermarket chains, although rarely to the supermarkets themselves – perhaps, as suggested in a recent Four Corners program, because they feared retribution. The final report of the independent review of the food and grocery code of conduct released today by economist and former government minister Craig Emerson finds they’ve had reason for compla
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.
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
Inside Retail
JUNE 24, 2024
Sportswear giant Nike has partnered with health technology company Hyperice to launch a collection aimed at helping athletes perform at their best throughout training and competition. The Nike x Hyperice boot is a wearable and transportable high-top sneaker that provides athletes with on-demand heat and air compression massage to their feet and ankles.
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.
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.
Retail Wire
JUNE 24, 2024
The three banks didn't have adequate living wills, according to regulators.
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