Target Is Slashing Prices on 5,000+ Items To Combat Inflation
Retail Wire
MAY 21, 2024
Target has initiated a sweeping price reduction campaign, aiming to alleviate the burden of inflation on consumers while luring back wary shoppers.
Tue.May 21, 2024
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Top Bunnings management depart in ‘reshaping’
Inside Retail
MAY 21, 2024
Four executives in Bunnings’ management team have departed the hardware chain in a move that was described as a “reshaping” rather than a restructure. Chief commercial officer Ben McIntosh, chief transformation officer Leah Balter, and GM of corporate affairs Maria McCarthy have exited the company. Jen Tucker, the director of merchandise, also decided to leave following a family bereavement.
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BMW, Jaguar Land Rover, and Volkswagen Used Banned Chinese Parts
Retail Wire
MAY 21, 2024
BMW, Jaguar Land Rover (JLR), and Volkswagen (VW) have been found to have utilized components from a banned Chinese firm, implicating potential ties to forced labor practices.
Consumers Use Commerce to Show They’re Global Citizens; Here’s How Brands are Responding
Retail TouchPoints
MAY 21, 2024
“Global citizenship” refers to the social, political and economic actions of “globally minded individuals and communities,” according to the United Nations. While that definition doesn’t sound like it has much to do with commerce, millennial and Gen Z consumers are increasingly using their wallets to make an impact. In response, emerging brands and designers seeking to embrace consumers’ heightened desire to be global citizens are not only prioritizing sustainable practices; they’re also embeddi
Is Your Business AI-Ready? Find Out with Orium’s Maturity Model
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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.
Uniqlo’s US expansion: Has the parent learned its lessons?
Inside Retail
MAY 21, 2024
Fast Retailing, the parent company of Japan apparel retailer Uniqlo , has announced the locations for 11 new stores in the US, on its way to a target of 20 openings in North America this year, which in turn is the first instalment on its plan to reach 200 stores in 2027. The 11 openings so far announced are all in malls. Five of them are ‘A-quality’ malls in the metro areas of Dallas and Houston, Texas, a state in which Uniqlo so far has no physical store presence.
Here’s the Scoop: Petco Now Offers Dog-Friendly Ice Cream
Retail TouchPoints
MAY 21, 2024
Petco , partnering with Van Leeuwen Ice Cream and human-grade dog food brand Ollie , will offer canine-safe ice cream for hot dogs seeking a cool treat. The non-dairy peanut butter and banana recipe is now available at Van Leeuwen scoop shops across the country, as well as at most Petco locations and online at petco.com for BOPIS orders. Additionally, customers starting an Ollie subscription from June 3-13 will receive a free pint with their purchase.
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IPSY Hires Netflix Alum as Chief Marketing Officer
Retail TouchPoints
MAY 21, 2024
Francine Li Beauty curation and membership company IPSY has hired a new Chief Marketing Officer (CMO) to support the brand’s growth and innovation. Francine Li will report to CEO Scott Gilbertson, leading all marketing and communications to not only effectively engage current community members but also reach new customers. As someone who is deeply passionate about diversity, equity, and inclusion, Li also will work with IPSY leadership to advance these company-wide efforts. “Francine is a
How Viktoria & Woods proves quality never goes out of style
Inside Retail
MAY 21, 2024
In Australian fashion, few names are synonymous with timeless elegance and versatility like Viktoria & Woods. The brand’s reputation for designing quality garments for modern and empowered women seeking style and functionality has driven its success for the past two decades. This year is shaping up to be one of many milestones for the brand, as it marks its 20th anniversary and solo show debut at Australian Fashion Week in Sydney in May.
Unlocking Retail Growth: The Power of Network Analytics for Strategic Insights
Retail TouchPoints
MAY 21, 2024
The retail landscape is transforming, driven by rapid technological advancements and changing consumer behaviors. In this dynamic environment, making informed, data-driven decisions has become a cornerstone of competitive advantage and operational success. Against this backdrop, network analytics emerges as a pivotal tool for retailers. By analyzing data derived from network traffic, retailers can unlock profound insights into customer behavior, store performance and inventory efficiency.
Little Birdie suspends operations, promises AI in the future
Inside Retail
MAY 21, 2024
Melbourne e-commerce startup Little Birdie has announced it is pausing operations for the foreseeable future. In a note to customers, the company said it will be working on an AI shopping tool in the meantime. According to Startup Daily, this email was sent to Little Birdie customers on Friday evening. It has also been posted on the company’s website, informing users that its website, app, and extension experiences are being switched off for an undisclosed period of time.
Less Stress, More Success: Accounting Best Practices & Processes for 2025
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Hanna Andersson Taps FTD Exec for Chief Technology Role
Retail TouchPoints
MAY 21, 2024
Hanna Andersson has named Mike Frazzini, most recently Technology Chief of Staff at FTD , as its new Chief Technology Officer (CTO). Frazzini, who will report to CEO Aimée Lapic, brings 25 years’ experience in delivering effective software products, systems integrations and solutions for ecommerce, business intelligence, ERP, finance and operations.
“Pick up the rocks”: CEO on how donating $13 million of profits is good business
Inside Retail
MAY 21, 2024
Australian direct-to-consumer brand Who Gives A Crap disrupted the way consumers bought toilet paper almost a decade ago; now its CEO is challenging businesses across the supply chain to “give a crap”. Simon Griffiths is the CEO and one of three co-founders of Who Gives A Crap and is encouraging other businesses to question how sustainable their operations really are.
RILA Debuts Greenhouse Gas Measurements Database for Consumer Products
Retail TouchPoints
MAY 21, 2024
The Retail Industry Leaders Association has partnered with Optera to launch the Direct-Use Product Emissions Database (DPED) , to provide retailers and their suppliers with an aligned database for quantifying greenhouse gases emitted during use by appliances, electronics and power equipment. The DPED’s goal is to foster uniform metrics for comprehending and managing scope 3, category 11 direct-use emissions across the industry.
How Viktoria & Woods proves quality never goes out of style
Inside Retail
MAY 21, 2024
In Australian fashion, few names are synonymous with timeless elegance and versatility like Viktoria & Woods. The brand’s reputation for designing quality garments for modern and empowered women seeking style and functionality has driven its success for the past two decades. This year is shaping up to be one of many milestones for the brand, as it marks its 20th anniversary and solo show debut at Australian Fashion Week in Sydney in May.
Is Your Brand AI-Ready? Find Out with Orium’s Maturity Model
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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.
Burger King Introduces Cheesy Menu Additions
Retail Wire
MAY 21, 2024
Burger King's latest menu expansion is sure to catch the attention of cheese aficionados everywhere.
McDonald’s plans expansive global licensing program in deal with IMG
Inside Retail
MAY 21, 2024
McDonald’s has signed a multi-year deal with IMG to develop a wide range of licensed products and experiences globally. As part of the deal, IMG will be McDonald’s exclusive global licensing representative and will develop an “authentic and culture-forward” licensing program based on the brand’s legacy, global scale, and visual identity.
Pedigree Dog Food Recall Over Pieces of Loose Metal
Retail Wire
MAY 21, 2024
The kibble recall affects the brand's 44-pound bags sold at Walmart.
Webjet could spin off consumer business after record sales
Inside Retail
MAY 21, 2024
Digital travel company Webjet is considering spinning off its consumer and business-facing divisions after posting record earnings for FY24. The company said it is exploring the separation of Webjet B2C business and B2B travel distribution business WebBeds into two ASX-listed entities. Webjet B2C includes ANZ-focused digital travel business Webjet OTA, motorhome and car rental e-commerce site GoSee, and travel technology company Trip Ninja.
NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot
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.
Cheez-It Cheez-In Diner Pops Up in Woodstock for One Week
Retail Wire
MAY 21, 2024
This summer, Cheez-It fans have a new reason to hit the road to the Catskills in New York.
Rutherford Mall sold for $50 million
Inside Retail
MAY 21, 2024
Charter Hall Retail has sold Rutherford Marketplace, a ‘non-core asset’, for $49.75 million. The sale value represents a small premium over the centre’s book value as at last December. Charter Hall will use the proceeds from the sale to reduce debt within the RP1 retail partnership, of which the company has owned half since the partnership’s inception in 2011, alongside TelstraSuper.
Mango increases UK presence with a store in Angel Central
Retail Focus
MAY 21, 2024
CBRE Investment Management has announced Mango , one of Europe’s leading fashion brands, has opened at Angel Central , the retail and leisure destination located in the heart of Islington, as the brand continues to roll out its ambitious expansion plans. The leading retailer has opened a 3,200 sq ft unit on Angel Central’s ground floor, exclusively stocking Mango’s womenswear lines.
Why LSKD’s chief retail officer schedules ‘possibility’ time to get work done
Inside Retail
MAY 21, 2024
Alex Shaughnessy is Australian athleisure brand LSKD’s chief retail officer and the former director of retail for Lululemon ANZ and head of retail at global eyewear retailer Bailey Nelson. Here Shaughnessy shares how she maintains a work-life balance leading LSKD’s retail team during a growth phase of retail store rollouts. My mornings look like… I wake up, take a walk and grab a coffee – fresh air (and caffeine) first.
Mastering E-commerce Strategies to Drive Growth in B2B Distribution
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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
Vox Reveals Subscription Program as News Publishers Rally To Broaden Revenue Sources
Retail Wire
MAY 21, 2024
As Vox approaches its 10th anniversary, the company is implementing a big shift in its business model.
Wendy’s sold to global restaurant management firm Flynn
Inside Retail
MAY 21, 2024
The New Zealand business of burger restaurant chain Wendy’s has been sold to US franchise operator Flynn Group, marking the company’s first change in ownership in more than three decades. The Lendich family, which has operated the franchise since 1988, put it up for sale in June 2022. The franchise includes 22 restaurants with 12 stores in Auckland, eight in other parts of the North Island, and two on the South Island.
Scarlett Johansson Reveals That OpenAI Reached Out to Her To Use Her Voice
Retail Wire
MAY 21, 2024
OpenAI announced it is discontinuing one of ChatGPT's voices after users highlighted its resemblance to Scarlett Johansson.
Why money-can’t-buy experiences are key to Mytheresa’s success
Inside Retail
MAY 21, 2024
Last week, luxury e-commerce platform Mytheresa posted strong third-quarter growth at a time when many luxury retailers, both online and brick-and-mortar, are struggling to maintain stability let alone grow. Mytheresa reported €233 million ($380 million) in net sales in the quarter ending March 31, a 17.6 per cent gain from the €198.9 million ($323 million) the year before.
eCommerce in 2025: How Customer Experience Drives Online Retail Success
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
Superdry prepares for emergency sale if creditors reject rescue plan
Retail Gazette
MAY 21, 2024
Superdry is preparing to run an emergency four-week sale process if creditors reject chief executive Julian Dunkerton’s restructuring plan. According to Sky News , the struggling retailer will commence an accelerated M&A process if the plan is not approved by creditors in the coming weeks. As part of Superdry’s proposal , Dunkerton would inject £8m in an open offer available to other shareholders or £10m in a placing that would only be accessible to him.
Queensland’s Market Central Lutwyche shopping centre for sale
Inside Retail
MAY 21, 2024
Northern Brisbane’s Market Central Lutwyche, home to Aldi, Coles, and Woolworths supermarkets , is up for sale. Its owner has tapped Stonebridge’s Carl Molony, Philip Gartland, and Justin Dowers, along with JLL’s Nick Willis and Sam Hatcher, to sell the property through an expressions-of-interest campaign. Aside from the three major supermarkets that generate over $121 million in sales, Market Central Lutwyche also has leasing agreements with two mini-majors, 29 specialties, 10
Neuralink Gets FDA Approval for Second Brain Implant Patient
Retail Wire
MAY 21, 2024
Neuralink has been approved to implant a chip into a second patient.
The Works targets return to growth after ‘year of considerable change’
Retail Gazette
MAY 21, 2024
The Works expects to see a return to growth in the next financial year after enduring “a year of considerable change”. It comes as the value retailer reported flat revenue of 0.9% to £282.6m and a slight 0.9% decline in like-for-likes in the 53 weeks to May 5. The Works said that since January it had made “significant progress” on its plan to stabilise profitability by improving margins and reducing costs.
How to Maximize Amazon Sales and Crush the Competition
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With over 9 million sellers on Amazon, online marketplaces are more crowded than ever. Whether you’re looking to fine-tune prices in real-time or align strategies across channels, this guide provides the tools to understand how to maximize sales and secure a lasting competitive edge. Download now to transform your pricing strategy and drive holiday success.
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