Retail Focus
OCTOBER 7, 2024
By Ghalia BOUSTANI. Retail Consultant | Published author | Visiting lecturer. Immersive luxury retailing, which utilises cutting-edge technology and innovative design to create engaging, multisensory environments for customers, is a transformative approach to high-end shopping experiences. This retail strategy aims to elevate the traditional luxury retail experience by offering more than just products.
Retail TouchPoints
OCTOBER 7, 2024
Most (if not all) marketing and ecommerce leaders know that video is a critical component of any content strategy. After all, retailers using video in product detail pages (PDPs) can see conversions increase by up to 80% , and mobile shoppers specifically will spend 88% more time on websites when they’re engaging with video. However, interactive video can drive even more value for brands and retailers, allowing them to incorporate clickable elements into their content, such as links to quizzes,
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Inside Retail
OCTOBER 7, 2024
Richemont has agreed to sell its Yoox Net-a-Porter (YNAP) business to MYT Netherlands Parent BV, parent of luxury e-commerce platform MyTheresa , in exchange for a stake in the new entity. As part of the deal, Richemont will sell YNAP with a cash position of €555 million (US$609 million) and no financial debt. In return, MyTheresa will issue shares to Richemont, representing 33 per cent of its fully diluted share capital.
Retail TouchPoints
OCTOBER 7, 2024
Walgreens has hired a new SVP and Chief Commercial Officer to help build its B2B healthcare services division. Jason Stenta, who most recently served as SVP, Payer Sales for Optum, a UnitedHealth Group company, has nearly two decades of healthcare experience, specifically with helping lead large organizations and cross-functional teams through periods of growth and change.
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Inside Retail
OCTOBER 7, 2024
Cosette has been cleared from allegations it was selling fake luxury goods following a year-long investigation by NSW Fair Trading. The luxury bags and accessories retailer said the allegations stemmed from third-party authenticators who provided customers with misleading services. Cosette said it successfully defended the cases at the NSW Civil and Administrative Tribunal (NCAT), which claimed the authenticators have “no evidence of specific qualifications, skills, or knowledge” The
Retail TouchPoints
OCTOBER 7, 2024
Mytheresa has entered into a binding agreement with Richemont to acquire the Yoox Net-a-Porter (YNAP) business and create a “multi-brand digital group of significant scale,” according to a company announcement. The deal is expected to close in the first half of 2025, pending antitrust approvals. Richemont will sell YNAP with a cash position of €555 million and no financial debt in exchange for a 33% equity stake in Mytheresa.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Focus
OCTOBER 7, 2024
Hammerson is pleased to announce that YouTube sensation, The Sidemen, have selected Bullring & Grand Central for their first ever SDMN Clothing store in the Midlands and second-ever physical store. The new store underpins a wider strategy by Hammerson to diversify its occupier mix by introducing young and exciting concepts which complement the strength of the international brands on offer.
Retail Wire
OCTOBER 7, 2024
Those impacted by Hurricane Helene will have resources available to begin rebuilding their lives thanks to Walmart and Dolly Parton.
Retail TouchPoints
OCTOBER 7, 2024
There’s a common myth amongst retailers that checkout is “untouchable,” a fragile system that can be thrown into disarray by even the slightest modifications. It’s why we’ve seen retailers invest significant time and money in efforts to upgrade and personalize every part of shoppers’ journeys – except for checkout. At checkout, retailers’ make or break moment, most shoppers are ushered to the same generic experience after a series of hyper-personalized touch points.
Retail Wire
OCTOBER 7, 2024
This Bath & Body Works holiday line will make customers feel like they've stepped into Emily's Paris storyline.
Speaker: Amanda Adams, Fractional CFO, CPA
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Inside Retail
OCTOBER 7, 2024
Swedish footwear brand Axel Arigato is one of the hottest players in the global sneaker game right now. Founded by Albin Johansson and Max Svardh in 2014, the brand is known for its refined aesthetic and well-crafted products. Over the past 10 years, Axel Arigato has expanded beyond footwear to become a lifestyle brand, offering streetwear and accessories, and it is on track to reach €100 million ($131 million) in sales by the end of 2024, up from €19 million ($24.9 million) in 2019.
Retail Wire
OCTOBER 7, 2024
"Shrinkflation" is real, and several lawmakers are trying to put a stop to the practice.
Inside Retail
OCTOBER 7, 2024
When Domino Pizza Enterprises identified the need for a high-performance, automated digital marketing system that could deliver highly sophisticated customer relationship management, it had the challenge of finding a smart, agile solution that could amplify results at the national and local levels with minimal effort. Adrian Westwood, Domino’s global head of CRM, pinpoints the key concerns: “One of the biggest challenges in CRM is the ability to understand our customer enough, to be able to comm
Retail Wire
OCTOBER 7, 2024
McDonald's claims the jacked-up prices are the fault of the distributors.
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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
OCTOBER 7, 2024
Former Nike executive Elliott Hill, who retired in 2020, will return to the company as its new CEO and president next week as John Donahoe is set to step down. The leadership change comes amid a period of financial challenges for the company. Nike experienced a significant stock decline of 20 per cent in June, following the release of its fiscal fourth-quarter earnings report and lower-than-anticipated revenue projections for the upcoming year.
Retail Wire
OCTOBER 7, 2024
Hurricane Helene efforts are still continuing.
Inside Retail
OCTOBER 7, 2024
For those in Melbourne, stepping into the LaManna supermarket, in the northern suburb of Essendon Fields, is like taking the world’s shortest flight to Italy. There are no orderly lines; instead, people are gathered around a bar sipping A$2 espressos. Rows of observers are studying the pastry chefs adding the finishing touches to a cake, while a pizza al taglio vendor is trying to decide whom to serve next and a pile of trolleys awaits the return of customers carrying handfuls of pantry staples.
Retail Wire
OCTOBER 7, 2024
After allegedly making false advertising claims, Pyrex was fined over $129,000 by the FTC.
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
OCTOBER 7, 2024
Deloitte’s recent Retail Forecast tells us what retailers have been feeling: the pressure of a retail recession we’ve been in for more than 18 months. Rising inflation and interest rates, and declining consumer confidence and spending, are increasing the costs of doing business. So in looking for opportunities above the parapet to adapt and innovate, and to prioritise resources right now, it might be useful to first look at the latest data from the Australian Bureau of Statistics, which tells us
Retail Wire
OCTOBER 7, 2024
Taco Bell is giving the people what they want.
Inside Retail
OCTOBER 7, 2024
Circonomy has entered creditors’ voluntary liquidation due to becoming financially unviable after 11 years of operation. Initially meant to raise funds for charity while promoting environmental sustainability, the circular economy retailer found it difficult to sustain the business despite efforts to boost sales and reduce costs. Officeworks took a stake in the business in 2022.
Retail Wire
OCTOBER 7, 2024
Starboard Value has reportedly managed to attain a $1 billion stake in Pfizer and revealed plans to reverse the decline of the pharmaceutical company's recent efforts.
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Inside Retail
OCTOBER 7, 2024
The Glebe Hill Village, located in Tasmania’s Howrah growth corridor on Hobart’s eastern shore, is for sale. The city’s first community shopping mall in more than a decade opened in August 2022 and is anchored by the latest generation Coles supermarket, a McDonald’s pad site, Priceline Pharmacy, Liquorland and 16 supporting specialty retailers.
Intelligence Node
OCTOBER 7, 2024
We may still be weeks away from the holidays, but for smart eCommerce retailers, now is the perfect time to start prepping. Looking at the holiday shopping trends 2023, US. The post Top eCommerce Holiday Trends for the 2024 appeared first on Blog.
Retail Gazette
OCTOBER 7, 2024
The Very Group is set to enlist Barclays, JP Morgan, and Morgan Stanley to manage a strategic review that could potentially mark the end of the Barclay family’s long-standing ownership of the ecommerce giant. According to Sky News, the investment banks, whose appointments are likely to be confirmed within days, will kickstart a full or partial auction of The Very Group.
Retail Dive
OCTOBER 7, 2024
The segment is undergoing a quiet shakeup in 2024, with major players pursuing varying degrees of change to their operations.
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 Gazette
OCTOBER 7, 2024
Selfridges has a new shareholder after Saudi Arabia’s sovereign wealth fund snapped up the stake once held by the collapsed Austrian firm Signa. The Saudi Public Investment Fund (PIF) will own 40% of Selfridges following the transaction, while Thailand’s Central Group will hold 60%. Central Group said the deal includes new investment from both firms to strengthen the retail group’s financial position and support its future development.
Retail Dive
OCTOBER 7, 2024
The National Retail Federation’s surveys on inventory lost to crime, errors and more have provided statistics on an issue in focus for retailers.
Retail Gazette
OCTOBER 7, 2024
John Lewis Partnership boss Nish Kankiwala is to step back from his chief executive role as he reverts back to a non-executive. His departure comes as fellow department store Matalan lost its CEO Jo Whitfield, who has stepped down to “pursue a portfolio career” Kankiwala will resume his position on the board in March 2025 to support new chairman Jason Tarry , who succeeded Dame Sharon White last month.
Retail Times
OCTOBER 7, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! New data from digital transformation consultancy Daemon reveals that over half (60%) of Brits still prefer a traditional checkout with a cashier when shopping in-store. This figure climbs to 71% among Baby Boomers, compared to just 59% of Millennials and 46% of GenZ.
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