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 Wire
OCTOBER 7, 2024
Hurricane Helene efforts are still continuing.
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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 Wire
OCTOBER 7, 2024
The Food and Drug Administration has updated an egg recall linked to Salmonella to Class 1 due to the chance of fatality.
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.
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 Wire
OCTOBER 7, 2024
Those impacted by Hurricane Helene will have resources available to begin rebuilding their lives thanks to Walmart and Dolly Parton.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Wire
OCTOBER 7, 2024
McDonald's claims the jacked-up prices are the fault of the distributors.
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.
Retail Wire
OCTOBER 7, 2024
This Bath & Body Works holiday line will make customers feel like they've stepped into Emily's Paris storyline.
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.
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 Wire
OCTOBER 7, 2024
"Shrinkflation" is real, and several lawmakers are trying to put a stop to the practice.
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
Taco Bell is giving the people what they want.
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.
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 Wire
OCTOBER 7, 2024
After allegedly making false advertising claims, Pyrex was fined over $129,000 by the FTC.
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
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.
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
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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.
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.
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 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.
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.
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
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.
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 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.
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.
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Retail Gazette
OCTOBER 7, 2024
Sainsbury’s has launched its recruitment drive for thousands of temporary jobs nationwide ahead of the busy festive season. The supermarket giant is recruiting 18,000 roles at Sainsbury’s and 2,000 at Argos across its shop floor, warehouse teams and delivery fleet. Successful applicants will be employed on fixed-term contracts ranging from three weeks to three months.
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.
Retail Gazette
OCTOBER 7, 2024
M&S has started using drones and robot tractors to produce its parsnips ahead of the festive season. The food and fashion giant claims to be the first UK retailer to trial an “autonomous field” farming method in attempts to improve its crop quality and quantity and drive down its carbon emissions. M&S planted its first set of the parsnips back in March in Yorkshire in partnership with its root vegetable supplier, Huntapac, with two robots used for bed forming, weeding and pla
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.
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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