Retail Wire
AUGUST 13, 2024
Starbucks has appointed Brian Niccol as its new chairman and chief executive officer, effective Sept. 9, 2024. Its current CEO, Laxman Narasimhan, is stepping down immediately.
Inside Retail
AUGUST 13, 2024
The owner of embattled furniture brand Incy Interiors has apologised to customers for lengthy delivery delays and says the retailer will work to fulfil all outstanding orders before shutting up shop. Owner Tom Fitzpatrick surprised customers on Saturday when he announced Incy Interiors will hold its final sale until August 25, before ceasing trading the following day.
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Retail Wire
AUGUST 13, 2024
IKEA U.S. is launching its first IKEA Ready for College bus tour, which will visit 30 college campuses across the country this late summer and early fall.
Inside Retail
AUGUST 13, 2024
The Australian Border Force (ABF) seized thousands of vapes from stores in three states amid stricter vape-selling laws , that took effect on July 1. On August 8, the ABF’s Illicit Tobacco Taskforce (ITTF), along with NSW Health inspectors and the Therapeutics Goods Administration (TGA), confiscated nearly 4000 disposable vapes and about 110,000 illicit tobacco cigarettes from tobacconists on NSW’s Central Coast.
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Retail Wire
AUGUST 13, 2024
Wendy's continues to offer incentives on its food.
Retail TouchPoints
AUGUST 13, 2024
Co-pilots are essential on a commercial aircraft: they’re there to assist the captain in operating the aircraft, monitor instruments and systems, communicate with air traffic control and generally divide the workload with the pilot. While a co-pilot’s role is one of assistance and support, they are also fully trained to take over operation of the aircraft if needed.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
AUGUST 13, 2024
JB Hi-Fi Group’s acquisition of a majority stake in Melbourne-based kitchen, bathroom and laundry product supplier E&S Trading Co will enable the business to expand nationally, according to E&S managing director Rob Sinclair. E&S has 10 showrooms in Victoria and an e-commerce site, but now that the ink has dried on the deal, attention has shifted to rolling out the first interstate showroom, due to open in Canberra in September.
Retail Wire
AUGUST 13, 2024
In-N-Out Burger continues to expand throughout the Midwest.
Inside Retail
AUGUST 13, 2024
Online furniture retailer Temple & Webster has posted record sales and active customer numbers for FY24, going against the ongoing retail slump caused by the cost-of-living crisis. The company’s revenue reached $498 million for the 12 months ended June 30, up 26 per cent compared to the prior year. The number of active customers also rose to a historic high of 1.1 million, representing a 31 per cent increase.
Retail Wire
AUGUST 13, 2024
Ford has issued a do-not-drive advisory on its website that calls for certain vehicles linked to the three previous Takata airbag recalls, notifying owners to seek repairs immediately.
Speaker: Becky Parisotto and John Vurdelja
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment 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 ever
Retail TouchPoints
AUGUST 13, 2024
After less than two years at his post, Laxman Narasimhan is stepping as CEO of Starbucks. Brian Niccol, who currently serves as Chairman and CEO of Chipotle , will take over the head leadership role starting Sept. 9, 2024. Starbucks CFO Rachel Ruggeri will act as interim CEO to support the leadership transition. Narasimhan initially joined Starbucks after the company embarked on a “global search” for a new leader.
Retail Wire
AUGUST 13, 2024
Taco Bell's latest Baja Blast promotion goes live.
Retail TouchPoints
AUGUST 13, 2024
Trove , a key player in the branded resale and customer trade-in space, has acquired full-service resale platform Recurate to solidify its position in the evolving and ever-expanding recommerce market. Financial terms of the deal were not disclosed. With this acquisition, Trove will integrate its resale capabilities, which include store trade-ins, digital trade-ins, returns processing, non-new inventory management and resale site building and management with Recurate’s peer-to-peer expertise
Retail Wire
AUGUST 13, 2024
Privacy concerns could be pushing consumers away from products with AI-type labeling.
Advertiser: ZoomInfo
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
Retail TouchPoints
AUGUST 13, 2024
Primark has been making significant progress toward ambitious sustainability goals — including cutting its greenhouse gas emissions in half by 2030 — and the apparel retailer has the receipts to prove it. But improving sustainability, part of the retailer’s Primark Cares program, isn’t easy — particularly when business goals call for growth, including expanding the Primark store footprint from the current 445 locations globally to 530 stores by 2026.
Inside Retail
AUGUST 13, 2024
Bangladesh’s ongoing political unrest has placed the country’s textile and garment industry in a uniquely difficult position and poses significant challenges to global fashion retailers, many of which are already seeking to diversify their sourcing. The instability has the potential to impact production schedules and the supply chain, which could result in delays and higher costs.
Retail TouchPoints
AUGUST 13, 2024
Princess Polly , the Australian fashion brand, is opening four new stores on both U.S. coasts. According to Co-CEO Eirin Bryett, U.S. customers have “fully embraced” the brand’s first store in Los Angeles, which has encouraged the brand to invest further in new store openings. A part of a.k.a. Brands Holding Corp. , Princess Polly has become a favorite among Gen Z for its on-trend styles and more sustainable product development practices.
Inside Retail
AUGUST 13, 2024
Starbucks has appointed Brian Niccol as chairman and CEO, effective September 9, a move which according to an analyst, reflects the growing dissatisfaction from activist investors over the coffee chain’s operations. Niccol will succeed Laxman Narasimhan who has stepped down as CEO and board member, effective immediately after just one year in the role.
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Retail Wire
AUGUST 13, 2024
The company's fleet of floating experiences will get new additions in the coming years.
Inside Retail
AUGUST 13, 2024
The Home Depot has ended its five-quarter streak of sales declines but expects negative sentiment to continue in the months ahead. Sales of the home improvement retailer for the second quarter was $43.2 billion, a slight increase of 0.6 per cent year on year. The growth was largely thanks to the acquisition of roofing and building supplies firm SRS Distribution, which added $1.3 billion to total sales.
Retail Wire
AUGUST 13, 2024
The Deleware-based company is reportedly $110M in debt.
Inside Retail
AUGUST 13, 2024
Asian grocery chain Foodle will open its second premium megamarket on August 20 in The Glen Shopping Centre in Victoria’s eastern suburbs. The location will feature 1800sqm and is designed by internationally renowned supermarket architects, Landini Associates. In addition to the mega-market, the facility features restaurants, bakeries, and live culinary options spread across three main zones.
Advertiser: ZoomInfo
As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.
Retail Gazette
AUGUST 13, 2024
Sainsbury’s recorded its biggest market share gain since 1997 in last quarter as Asda’s sales plummet. According to fresh data from Kantar, Sainsbury’s market share jumped from 14.8% last year to 15.3% for the 12 weeks to 4 August, as it maintained its streak of being the fastest growing traditional supermarket. Its sales rose 5.2% over the period.
Retail Dive
AUGUST 13, 2024
In this three-part podcast series, we explore the applications of AI in retail across functions, what algorithmic retail is, why it’s essential and how building an Algorithmic Retail business enhances revenue, profitability and operational efficiencies while curbing waste and costs.
Retail Gazette
AUGUST 13, 2024
John Lewis is planning to increase the amount of staff working on its shop floor as it unveils a multi-million pound investment into store technology. The department store told staff today (13 August) that it was making changes to their roles and realigning its staffing needs to “best meet customer demand”, however, this will result in a proposed 153 fewer roles – approximately 1% of its workforce.
Retail Dive
AUGUST 13, 2024
A nine-fold boost to profits in Q2 nevertheless missed some analysts’ expectations, as margins inched up only slightly.
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Retail Gazette
AUGUST 13, 2024
Pandora’s UK sales marginally rose in its second quarter, as the jeweller benefitted from an increase in traffic during the period. Revenues nudged up 1% to £79.4m from £75.1m last year. The jewellery giant noted its UK performance remained ahead of the market, which it said was being impacted by dampened consumer sentiment. It also attributed a rise in traffic during the quarter to the “improving strength of the Pandora brand despite the tough consumer backdrop” Across the glo
Retail Dive
AUGUST 13, 2024
The retailer shares how assortment, e-commerce and labor changes have helped it grow food and beverage sales by more than $8 billion since 2019.
Retail Gazette
AUGUST 13, 2024
The number of remaining House of Fraser stores in the UK has halved over the past year following the closure of its Cabot Circus branch in Bristol last week. The Mike Ashley-owned department store chain has just 15 shops remaining – a steep drop from the 31 stores it had as of April last year and the 59 when it acquired the business in 2018. The closure of the Cabot Circus store, which will M&S has taken over and plans to open next year , comes after the retailer’s Reading, Solih
Shopping Center
AUGUST 13, 2024
Topeka, Kan. — Advisors Excel is underway on the mixed-use redevelopment of West Ridge Mall, a 992,000-square-foot enclosed mall located in Topeka. Upon completion, the property will house the new company… The post Advisors Excel Underway on Redevelopment of 992,000-Square-Foot Mall in Topeka, Kansas appeared first on Shopping Center Business.
Advertiser: ZoomInfo
Sales and marketing leaders have reached a tipping point when it comes to using intent data — and they’re not looking back. More than half of all B2B marketers are already using intent data to increase sales, and Gartner predicts this figure will grow to 70 percent. The reason is clear: intent can provide you with massive amounts of data that reveal sales opportunities earlier than ever before.
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