McDonald’s Offers a Special $1 Filet-O-Fish for the Lent Holiday
Retail Wire
FEBRUARY 16, 2024
As the season of Lent commences, McDonald’s has rolled out an enticing deal that's bound to please seafood enthusiasts.
Fri.Feb 16, 2024
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Fashion label Nique enters voluntary administration
Inside Retail
FEBRUARY 16, 2024
Australian fashion label Nique has entered voluntary administration, becoming the latest high-street brand to falter in a tumultuous economic environment. The 26-year-old label, best known for its minimal black and white designs and earth-tone apparel, on Wednesday appointed Justin Howlett of SMB Advisory as administrator. Nique has since ceased trading, while Howlett pursues urgent expressions of interest for all, or part, of the business.
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Target Creates Low-Cost Brand, dealworthy
Retail Wire
FEBRUARY 16, 2024
A new low-cost Target brand has been introduced, some with a price point of less than $1.
Fashion label Nique enters voluntary administration
Inside Retail
FEBRUARY 16, 2024
Australian fashion label Nique has entered voluntary administration, becoming the latest high-street brand to falter in a tumultuous economic environment. The 26-year-old label, best known for its minimal black and white designs and earth-tone apparel, on Wednesday appointed Justin Howlett of SMB Advisory as administrator. Nique has since ceased trading, while Howlett pursues urgent expressions of interest for all, or part, of the business.
5 Ways You Can Win Faster with Gen AI in Sales
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.
How Retailers Can Use AI to Improve Customer Experience and Build Trust
Retail TouchPoints
FEBRUARY 16, 2024
In the U.S., ecommerce spending is estimated to reach $1.7 trillion by 2027 – representing over 20% of overall retail sales. Additionally, global ecommerce spending could surpass $7 trillion as early as 2025. With the sector continuing to experience accelerated growth, major retailers are looking for ways to maintain and build trust while dramatically improving customer experience and orchestrating cohesive customer journeys.
Hardly Any Plastics Can Be Recycled According to a New Study
Retail Wire
FEBRUARY 16, 2024
Are all the plastic items households recycle annually really being reused? A new study says no.
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Elon Musk Shifts SpaceX to Texas After Delaware Rejects Pay Deal
Retail Wire
FEBRUARY 16, 2024
SpaceX CEO Elon Musk made headlines as he announced the SpaceX company’s transition from Delaware to Texas following legal hitches with his mammoth Tesla compensation package.
Target Looks to Attract New Customers with Intro of Value-Priced Private Label Brand
Retail TouchPoints
FEBRUARY 16, 2024
Target has introduced a new low-price owned brand called Dealworthy — featuring more than 400 products ranging in price from less than $1 to $10 — and revamped its 15 -year-old everyday essentials brand Up&Up with new branding, product reformulations and additions to the assortment. Target’s owned brands are one of the most successful pieces of its business , with a collection of more than 45 private labels that contribute more than $30 billion in sales annually.
FDA Approves Xolair for Multiple Food Allergies
Retail Wire
FEBRUARY 16, 2024
The FDA has given the green light to Xolair, a drug designed to alleviate allergic reactions to multiple foods. This groundbreaking approval marks the first of its kind, offering hope to those with severe food allergies across the nation.
Guess?, WHP Global Team Up to Buy Rag & Bone
Retail TouchPoints
FEBRUARY 16, 2024
Guess? has partnered with the global brand management firm WHP Global — which owns the Toys ‘R’ Us and Babies ‘R’ Us brands as well as a stake in Express — to acquire the New York-based fashion brand Rag & Bone. The deal is expected to close during Q1 of the Guess? 2025 fiscal year, in March 2025. Rag & Bone currently operates 34 stores in the U.S. and two stores in the UK, and the brand also is sold in boutiques, department stores and online globally.
The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility
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
Nike Announces Workforce Reduction of Over 1,600 Employees
Retail Wire
FEBRUARY 16, 2024
In a recent email sent out to all employees, Nike's CEO, John Donahoe, expressed regret over the decision to lay off 2% of its global workforce or roughly 1,600 employees.
Starbucks Debuts ‘Inclusive Spaces Framework’ Store in Washington, D.C.
Retail TouchPoints
FEBRUARY 16, 2024
Seeking to better serve the estimated one in four American adults with a disability, Starbucks will use its new Inclusive Spaces Framework for all newly opened and renovated company-owned stores in the U.S. The first store, in Washington, D.C., features optimized lighting and acoustics for better visual and audible communication and accessible equipment designs for store associates.
DoorDash Surpasses Delivery Estimates, but Shares Fall
Retail Wire
FEBRUARY 16, 2024
DoorDash Inc. outperformed analysts’ predictions for delivery orders in the fourth quarter, driven by a surge in monthly users and expansion into new categories. However, despite these positive results, Wall Street didn't seem entirely impressed.
Exclusive Q&A: At J.Jill, #Customerobsessed is Much More Than a Hashtag
Retail TouchPoints
FEBRUARY 16, 2024
J.Jill has achieved levels of customer loyalty that other retailers can only aspire to. The women’s apparel and accessories retailer, which generates nearly $600 million in annual sales via ecommerce and a footprint of 247 stores, boasts an average customer lifecycle spanning 10 years. A major reason for these high levels of engagement: J.Jill obsessively focuses on making sure its customers, women 45 and older, “feel valued, heard and seen,” according to VP of Stores and Operations James Ramire
10 Ways to Leverage Buyer Signals and Drive Revenue
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.
Government Shutdown Is Possible as Lawmakers Depart Washington
Retail Wire
FEBRUARY 16, 2024
House lawmakers left Washington on Thursday for a 13-day break, but a potential government shutdown awaits upon their return.
The Body Shop’s German arm files for bankruptcy
Retail Gazette
FEBRUARY 16, 2024
The Body Shop’s German arm has filed for bankruptcy at the Düsseldorf District Court, following the brand lining up administrators for its UK business. The company’s German operation, The Body Shop Germany GmbH, employs over 350 staff members and runs 66 branches across the country/ The Düsseldorf lawyer Dr. Biner Bähr was appointed as the provisional insolvency administrator, German newspaper Bild reported.
Bluesky and Mastodon Users Are in a Conflict That Could Shape the Future of Social Media
Retail Wire
FEBRUARY 16, 2024
Decentralized social networking platforms Bluesky and Mastodon are in a battle over how to bridge the gap between the two — and whether there should be a bridge at all.
Beyond the cash register: The vital role of POS for seamless retail operations
Retail Customer Experience
FEBRUARY 16, 2024
Overcome manual end-to-end POS testing obstacles with AI-augmented automation.
Modernizing the Frontend Experience on Salesforce Commerce Cloud
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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.
Former House of Fraser Oxford Street flagship set for £132m refurb
Retail Gazette
FEBRUARY 16, 2024
House of Fraser’s former Oxford Street flagship store is set to undergo a £132m refurbishment, which will bring offices, restaurants and a swimming pool to the site. The refurbishment and extension of 318 Oxford Street will transform the former department store into a 365,975sq ft mixed-use development. The new building will include ground-floor retail, office space, two restaurants and a gym with a swimming pool to help “bring greater diversity to Oxford Street and […] develo
Major makeovers of 150 Poundland & Dealz stores begin this week
Retail Times
FEBRUARY 16, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Discount retailer Poundland has announced it planned to bring major makeovers to 150 stores in the UK & Ireland by the end of August 2024. The ‘Project Evo’ transformations will see each of the stores get a top-to-bottom refresh making them the best and most up-to-date Poundland or Dealz stores they can be.
Farfetch to axe up to 30% of workforce
Retail Gazette
FEBRUARY 16, 2024
Farfetch is understood to be looking to lay off between 25% and 30% of its workforce as new owner Coupang works to “streamline the business”. Staff at the online luxury retailer were told on Friday that it “will begin the process of saying goodbye to colleagues and friends who have been important parts of Farfetch’s journey thus far”, Drapers reported.
Crocs reaches ‘record’ annual revenue of nearly $4B
Retail Dive
FEBRUARY 16, 2024
The company said it’s in the early days of implementing a retail strategy for its Heydude brand and plans to open 30 outlet locations this year.
Signal-Based Selling: How to Leverage 4 Key Buying Signals
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.
Joe Browns poaches La Redoute exec as new CEO
Retail Gazette
FEBRUARY 16, 2024
Joe Browns has poached La Redoute’s chief commercial officer Dawn Bannerman as its new chief executive. Bannerman, who joined the retailer this week, will be responsible for elevating the brand’s presence through growing its store estate, strengthening its online proposition and leading an international expansion. She replaces Peter Alecock, who left the business earlier this month after less than two years in the role.
Could Remote Work Put You at a Higher Risk of Layoffs?
Retail Wire
FEBRUARY 16, 2024
Since lockdowns were lifted, employers and employees have been in the battling ring over the return to the office and what that looks like.
Staples revamps loyalty program
Retail Dive
FEBRUARY 16, 2024
Easy Rewards lets shoppers earn and redeem points on qualifying purchases, and gives customers double the points for their most shopped categories.
NIS2 compliance for industrial networks: Are you ready?
Cisco Retail
FEBRUARY 16, 2024
Since the European Union (EU) signed the second version of the Network and Information Security (NIS2) Directive in December 2022, there has been a real frenzy all around Europe about it.
Website Security Essentials: Protect Your Site and Strengthen Cybersecurity
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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.
The Weekly Closeout: Skechers aims for 10K stores and Jeff Bezos sells $4B in Amazon stock
Retail Dive
FEBRUARY 16, 2024
The footwear retailer is halfway to its store opening goal, while the Amazon founder sold billions of shares this week.
Canadian Tire Suffers Earnings Miss, Details Retail Technology Investments
RIS News
FEBRUARY 16, 2024
Refreshed stores, a generative AI shopping assistant, its first multi-banner omnichannel fulfillment DC, electronic shelf labels. the list of technology Canadian Tire has been investing goes on.
Nike to lay off more than 1,600 employees
Retail Dive
FEBRUARY 16, 2024
On the heels of a cost-savings plan announced in December, the activewear giant confirmed it plans to cut about 2% of its total workforce.
Unleashing Developer-Led Innovation for Enhanced Online Commerce Experiences
RIS News
FEBRUARY 16, 2024
Developers have continued to be the driving force behind the evolution of digital commerce, and they understand that to be successful, brands must lean into developer-led innovation that drives unique visual experiences efficiently.
Activating Intent Data for Sales and Marketing
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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