Tue.Feb 06, 2024

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Retailers have ‘lacklustre’ January as cost of living hits sales

Retail Gazette

Retail had a disappointing January, as the elevated cost of living and unfavourable weather discouraged shopping from spending. Total retail sales across the UK edged up by just 1.2% year-on-year in January, a drop from the 4.2% rise the same time last year, according to the British Retail Consortium (BRC) and KPMG. While the BRC claimed January sales discounts helped increase spend during the first two weeks of the month, this was “not sustain[ed] throughout the month” The trade ass

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Data Shows Customers Might be Resistant to AI Shopping Recommendations — Here’s what C-Suite Executives Should Know

Retail TouchPoints

For much of last year, AI seemed immune to the normal laws that govern the marketing hype cycle: expectations just kept on inflating. Of course, to any ecommerce veteran the inevitable deflation was visible from a mile away. But the form that deflation has taken is still fairly surprising. The technology, it turns out, largely functions as promised: AI is in fact quite good at making personalized recommendations.

Shopping 298
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A nation of cheats? Two in five Aussies admit to indulging in returns fraud

Inside Retail

Nearly four in 10 Australians admitted to having either engaged in online return policy abuse or fraudulent behaviours themselves in the past year or know someone who has, according to a recent study. Returns management software Loop surveyed 1000 Australian online shoppers and discovered that 23 per cent of these respondents admitted to having worn or used an item purchased while planning to return it, doing so at least once a week.

Returns 290
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Saks Introduces a New Category — Electric Cars

Retail TouchPoints

Saks , the ecommerce counterpart of Saks Fifth Avenue , has launched a new partnership with luxury electric vehicle company Lucid across its website and stores. Saks will offer exclusive demo drive experiences of the Lucid Air at select Saks Fifth Avenue locations. (Image courtesy Lucid) Lucid now has a dedicated landing page and a homepage feature on Saks.com.

Jewelry 290
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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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Walmart Wants More Employee Ownership in the Company

Retail Wire

Walmart has made two shifts that will create a simpler path for employees to own company shares.

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H&M’s New SoHo Location Features Secondhand Shop-in-Shop

Retail TouchPoints

Inside H&M ’s new store in NYC’s SoHo neighborhood, the fast fashion retailer has nested a shop-in-shop featuring curated secondhand pieces — the brand’s first resale location in North America. To celebrate the debut, beginning Feb. 7, 2024, New York-based vintage clothing designer and accessories seller James Veloria will curate select pieces for the secondhand section.

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Gap Taps Design Star Zac Posen to ‘Reinvigorate Our Storied Brands’

Retail TouchPoints

Zac Posen [Photo by Mario Sorrenti] Gap Inc. has named designer Zac Posen as its EVP and Creative Director as well as Chief Creative Officer (CCO) at Old Navy. Posen’s 25 -year career has included designing red carpet couture, ready-to-wear, accessories, costume design and more. “I’m thrilled to welcome Zac Posen, one of America’s most celebrated designers, at the onset of an exciting new chapter for Gap Inc.,” said Richard Dickson , President and CEO of Gap Inc. in a statement.

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Estee Lauder cuts thousands of jobs due to weak Asia performance

Inside Retail

Estee Lauder is set to lay off up about 3 to 5 per cent of its global workforce – equivalent to about 3100 jobs – after the company reported poor performance in Asia Pacific due to China’s slow rebound. “Once fully implemented, the company expects to take restructuring and other charges of between US$500 million and $700 million, before taxes,” the company said in a statement.

Returns 263
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Pop Mart Picks Los Angeles for its Two Newest Stores

Retail TouchPoints

Pop Mart , the designer toy and entertainment brand, is opening two permanent stores in Los Angeles as it continues its U.S. expansion. The brand strategically selected LA because of its growing fan following on the west coast, and will use the stores to give collectors access to exclusive produce releases, limited-edition products and unexpected collaborations.

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National Frozen Yogurt Day: Discounts and Offers

Retail Wire

National Frozen Yogurt Day, scheduled for Feb. 6, is recognized by various companies that offer discounts and deals on their frozen yogurt products. These are some of the promotions you might find interesting.

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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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How US start-up Subtl Beauty stacks up in a hypercompetitive beauty market

Inside Retail

Launched in 2018, Subtl Beauty is built around the idea of having all your makeup essentials — like concealer, blush, and powder — in one easy-to-use stack, or ‘stak’, as the brand dubs its hero product, rather than carrying around a bulky slew of items. But while the packaging may be understated, the company’s presence in the beauty industry is getting louder by the minute.

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Student Loan Borrowers Helped With 401(k) Match

Retail Wire

Student loan borrowers could get some welcome relief from the SECURE Act 2.0.

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How the world’s largest jewellery brand Pandora shifted to recycled metals

Inside Retail

Pandora’s recent announcement that it has shifted to using 100 per cent recycled gold and silver in its products is the latest example of the adoption of more sustainable practices in retail. This comes after Pandora announced the inclusion of ethical lab-grown diamonds into its core range in November last year. The world’s largest jewellery brand Pandora was founded in Copenhagen, Denmark, in 1982 and is now the world’s largest jewellery brand by volume.

Marketing 130
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Rizo-López Foods Recalls Dairy Products Nationwide

Retail Wire

Rizo-López Foods, Inc. (RLF), known for delivering dairy products across the nation, has issued a significant recall voluntarily. This sudden move is due to a potential contamination with the Listeria monocytogenes organism in its products.

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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.

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Purchase paths fragment as consumers explore marketplaces for the best deals

Inside Retail

In a dynamic shift in consumer behaviour, three out of four shoppers are now exploring multiple online marketplaces before making a purchase. The surge in popularity of challenger marketplaces has resulted in consumers now visiting an average of three marketplaces every time they shop online. These findings come from Rithum, the global e-commerce leader formerly known as CommerceHub and ChannelAdvisor, which published its global Online Consumer Behaviour Report , which surveyed 1000 consumers in

Consumer 130
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McDonald’s Middle East Troubles: Sales Stumble From Boycotts

Retail Wire

McDonald's has been struggling a bit lately, particularly in the Middle East. The fast-food giant's quarterly report from 2023 showed that its sales are growing at a snail's pace in this region.

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Farfetch faces winding-up petition, alleging Coupang deal rushed

Inside Retail

Farfetch is facing a winding-up petition from creditors, claiming that Coupang’s acquisition of the online luxury retailer had been rushed, The Telegraph reported. A petition filed in the Cayman Islands, where the company is registered, claims that Farfetch seemed to be in “good financial health” as recently as last August, with an estimated US$800 million in cash by year-end, and that its management had subsequently “destroyed” the company’s value.

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Zac Posen Takes the Creative Helm at Gap Inc. and Old Navy

Retail Wire

Gap Inc. has confirmed the appointment of fashion designer Zac Posen as the executive vice president and creative director of Gap Inc., as well as the chief creative officer of Old Navy.

Fashion 147
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Master Off-Page SEO: Boost Traffic, Build Trust, and Drive Conversions

Off-page SEO is the key to building trust, attracting qualified traffic, and boosting conversions. This guide explores how to leverage backlinks, guest blogging, social media, and influencer marketing to expand your website’s reach and authority. Discover the synergy between on-page and off-page SEO, ensuring your site is optimized for success. Learn how to create valuable content, engage with online communities, and track your progress to fine-tune your strategy.

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Coles buys 20 stores of Federal Group’s bottle shop chain 9/11

Inside Retail

Federal Group plans to sell 20 of its 9/11 stores in Tasmania to Coles Liquor Group, including hotel-attached and stand-alone locations. According to Michael Courtney, CEO of Coles Liquor, the purchase indicates the company’s confidence in its current form and supports Coles’ ambition of being a simpler, more accessible and locally relevant drinks specialist.

Shopping 130
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Wendy’s Is Giving Away Free Hamburgers & More Deals for the Super Bowl

Retail Wire

Wendy's is offering up a variety of deals leading up to the Super Bowl. Until Feb. 12, it's offering a free Dave's Single with any purchase made through the app.

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Coty inks beauty license with Marni 

Inside Retail

Beauty retail giant Coty has secured a license agreement with Italian luxury fashion house Marni to develop, produce and distribute a line of fragrances and beauty products beyond 2040. The long-term partnership with Marni is part of Coty’s effort to strengthen its presence in the luxury fragrance market. Under the deal, the first offering is scheduled to launch in 2026, reflecting the fashion house’s creative identity.

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Meta Pushes To Label AI Images on Social Media Sites

Retail Wire

Meta will begin detecting and labeling images generated by other companies' artificial intelligence services using a set of invisible markers built into the files, according to Nick Clegg, president of global affairs.

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

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.

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How Lotte Duty Free is elevating travel retail with tech and premium brands

Inside Retail

With its recent grand reopening of the Terminal 3 Departure Central duplex store at Changi Airport, Lotte Duty Free has unveiled a new look where shopping becomes an immersive experience, blending cutting-edge technology with the allure of premium brands. The all-glass facade of the revamped store draws travellers into a dynamic retail environment, including the world’s first ‘House of Suntory’ shop-in-shop boutique, celebrating Japanese artistry and craftsmanship, as well as seamlessly in

Boutique 130
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The Tesla Cybertruck Has Its Glass Put to the Shatterproof Test Again

Retail Wire

The Tesla Cybertruck has been a hot topic ever since its unveiling back in November 2019, and not just for its unique angular design. Its memorable launch was marked by an unexpected event involving the truck's supposedly unbreakable window glass shattering during a live demonstration.

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Tween beauty: Are brands crossing the line?

Inside Retail

I’m on a video call with Layla, my cousin’s 10-year-old daughter. She’s wearing a black leotard and a pink tutu. Her hair is pulled into a high ponytail, and she sits on her dad’s desk chair cross-legged, chatting excitedly with me. The topic of discussion? Beauty. I recently gifted Layla an advent calendar filled with bath bombs and lip gloss.

Marketing 130
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H&M’s new store concept features a secondhand shop-in-shop

Retail Dive

The location, in New York City’s SoHo neighborhood, contains the brand’s first “Pre-Loved” shop-in-shop in North America.

Shopping 124
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Turn Your Website Into a Money-Maker: Tips for Small Business Success

Your website can be more than just a digital presence—it can be a thriving profit center. Discover proven strategies to monetize your website, whether you sell physical products, digital downloads, or services. Learn the importance of user-friendly design, high-quality content, and tailored marketing to meet audience needs and boost engagement. Explore options like e-commerce, affiliate marketing, and subscriptions, and use analytics to optimize for success.

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Estee Lauder cuts thousands of jobs due to weak Asia performance

Inside Retail

Estee Lauder is set to lay off up about 3 to 5 per cent of its global workforce – equivalent to about 3100 jobs – after the company reported poor performance in Asia Pacific due to China’s slow rebound. “Once fully implemented, the company expects to take restructuring and other charges of between US$500 million and $700 million, before taxes,” the company said in a statement.

Returns 130
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Lidl and M&S remain fastest-growing supermarkets

Retail Gazette

Lidl and M&S have retained their crowns as the UK’s fastest-growing supermarkets over the last 12 weeks. Lidl’s sales grew 13.2%, while M&S jumped 11.6%, according to the last data from NIQ. The news comes as the NIQ found total till sales at UK supermarkets saw continued growth of 6.6% in January. It said this reflected a 6.1% slowdown in food inflation, which hit its lowest rate since June 2022.

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Modibodi trims creative team, axes longstanding CMO 

Inside Retail

Period and incontinence underwear brand Modibodi has laid off its CMO and eight-year veteran Liana Lorenzato in a series of redundancies. “Effective Thursday this week COB and after 8+ years, I will no longer be at Modibodi, unfortunately my role has been unexpectedly made redundant,” Lorenzato said in an email. Lorenzato joined the company in 2016 as marketing and public relations manager and was appointed CMO in 2020.

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Natura & Co. explores separation from Avon

Retail Dive

If approved, the move would create two separately managed, publicly traded beauty companies.

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Mastering E-commerce Strategies to Drive Growth in B2B Distribution

B2B distributors and wholesalers: this webinar is for you! Discover the game-changing potential of composable commerce—a flexible, modern approach to e-commerce—and explore the strategies and technologies transforming the B2B landscape. Learn how to create custom digital experiences for your business from the leaders at Orium , commercetools , and Contentful as they walk through real-world examples, providing actionable insights on how to future-proof your business, integrate new opportunities s