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.
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.
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
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.
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
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
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.
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.
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.
Retail Wire
JUNE 24, 2024
The San Francisco McDonald's is just the latest casualty in the area.
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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
Shopify has announced an expansion of its AI-powered tools to a wider user base.
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 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.
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
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
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.
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 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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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.
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
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
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
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.
Retail Wire
JUNE 24, 2024
The four banks didn't have adequate living wills, according to regulators.
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
Here's everything we know about the McDonald's summer meal deals.
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: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
Retail Wire
JUNE 24, 2024
The three banks didn't have adequate living wills, according to regulators.
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
The department store’s start to the year was fairly weak, though improvements to merchandise and some stores have paid off, GlobalData said.
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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