Wed.Aug 07, 2024

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Rivian Reveals Financial Results With Huge Losses

Retail Wire

Rivian Automotive Inc. has reaffirmed its annual financial guidance while reporting its second-quarter 2024 results.

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What the CashRewards, Little Birdie deal says about the rise of AI in retail

Inside Retail

CashRewards’ acquisition of Little Birdie this week reflects the growing importance of artificial intelligence (AI) as a competitive factor in retail. Little Birdie is an AI-powered price-comparison shopping platform that launched in 2021, with $30 million in funding from the Commonwealth Bank of Australia, before suspending operations in May. Cashback platform CashRewards said it will relaunch Little Birdie as soon as September and definitely before the busy Black Friday trading period, and it

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Amazon Canada Adds Faster Same-Day Delivery Options

Retail TouchPoints

Amazon Canada has added new delivery windows for Prime members in Greater Toronto, southwestern Ontario and metro Vancouver, including overnight delivery that allows customers to place an order as late as midnight and see it on their doorstep the next morning. Items available for this new delivery will be marked “Prime Overnight” in search results and on product detail pages, with a choice of two delivery windows: 4 a.m. to 8 a.m. or 7 a.m. to 11 a.m.

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Three brands blamed for Myer’s projected profit decline

Inside Retail

Myer has flagged a drop in profit for this fiscal year, largely due to underperformance at its three specialty brands amid macroeconomic challenges. The department store chain expects net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year. The company attributed this to the underperforming Sass & Bide, Marcs and David Lawrence labels amid a weak trading environment and additional discounting.

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Is Your Business AI-Ready? Find Out with Orium’s Maturity Model

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.

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Under Armour Makes Brand Leadership Shakeup to Support Turnaround Efforts

Retail TouchPoints

After a little more than a year in his role as EVP and Chief Consumer Officer, Jim Dausch has stepped down from his post at Under Armour , according to an SEC filing from the company. Although the Chief Consumer Officer role will not be filled, longtime Adidas executive Eric Liedtke will join the company as EVP of Brand Strategy, filling the brand leadership gap.

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Columbia to open world-first flagship concept store in Sydney

Inside Retail

Columbia Sportswear will open its second premium Australian flagship store in Sydney’s CBD on August 17. The store will be located at the corner of Park and George Street and will feature exclusive events, special releases, limited edition capsules, premium collections and everyday wear. The sportswear retailer has a flagship store in Melbourne CBD. “The first of its kind in the world, this flagship store will showcase custom ceiling logo lights, a Heritage Wall showcasing our histor

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Walmart Heightens Dorm Room Shopping Experience With Walmart Realm

Retail Wire

Walmart introduced the virtual shopping platform Walmart Realm in May. Now, it has improved the immersive experience to help college students find the decor, clothing, and essentials of their dreams.

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Pet Valu Brings Omnichannel Ambitions to Life with Tech Partnerships

Retail TouchPoints

Pet Valu is partnering with commercetools , Google Cloud and Deloitte to drive its digital commerce transformation. The Canadian specialty pet retailer implemented commercetools through the Google Cloud marketplace and has successfully modernized its digital architecture in just under a year. The composable commerce platform is empowering Pet Valu to build scalable solutions, accelerate speed to market for best-of-breed features and capabilities and improve the overall site experience to keep pa

Marketing 263
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The three factors driving Shein’s high-low fashion designer drops

Inside Retail

Shein appears to be doubling down on its designer program “Shein X” with its latest collaboration with premium Australian designer Alice McCall. While many speculate about the reasons that established designers are partnering with the ultra-fast fashion company, it is apparent that Shein is using the program to separate itself from accusations that it trades in dupes and copycats.

Fashion 246
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Western Gothic: Unpacking the Moody Yet Chic Interior Design Trend

Retail TouchPoints

Every year, the interior design world stumbles upon unique trends that break the mold — this is where the fun of design comes from. This year, Pinterest predicted Americana chic would make a comeback with a twist: Western Gothic. And they’ve hit the nail on the head, as this trend is anywhere and everywhere, taking over hotels and homes alike. This style, also known as y’allternative, hinges on an unfailing formula of mixing the old with the new.

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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.

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Popeyes Unveils 2 New Limited-Time Menu Items — Including Chocolate Chip Biscuits

Retail Wire

Popeyes has unveiled two new limited-time menu items for consumers to enjoy as the summer winds down.

Consumer 298
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High performance sportswear brand Castore set to join the line-up at Derbion

Retail Focus

Sportswear brand Castore is set to open at Derbion after signing a 10 -year lease for a 1,771 sq ft unit on the second level of the centre next to Foot Locker. Castore , which was founded in 2015 in Manchester, is a sportswear and athletic clothing brand which supplies leading sports teams including the England Cricket Team, Red Bull and McLaren Formula One teams, as well as football shirts for the likes of the Republic of Ireland, Rangers, Bayer Leverkusen, and Everton.

ATS 147
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Google Releases Details About Their New Nest Thermostat and Google TV Streamer

Retail Wire

Google has released a new blog detailing the new design elements of their Nest Thermostat and Google TV Streamer.

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AllSaints returns to Liverpool ONE with highly anticipated Peter’s Lane pop-up

Retail Focus

Grosvenor has announced that British fashion retailer, AllSaints , has returned to Liverpool ONE, launching a pop-up on Peter’s Lane. The return of the leading fashion brand underlines Liverpool ONE’s commitment to responding to consumer demand, and curating an ever-evolving and relevant line-up of retailers. Since its launch in 1994, AllSaints has remained a national fashion favourite, spotlighting an ongoing commitment to authenticity and individuality.

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Is Your Brand AI-Ready? Find Out with Orium’s Maturity Model

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.

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Disney’s Streaming Business Finally Turns a Profit in Third Quarter 2024

Retail Wire

Disney reported positive earnings in the third quarter for its direct-to-consumer streaming services.

Consumer 264
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Coopers Brewery unveils $70 million F&B, visitor centre 

Inside Retail

Coopers Brewery has unveiled its $70 million home of Coopers in Adelaide, which will open its doors on August 28. The new facility, located next to the current brewery, has a restaurant and three bars, an expansive outdoor plaza dining and family areas, a microbrewery, and a whisky distillery. “This is one of the most exciting projects we’ve undertaken in the 162-year history of Coopers Brewery,” said MD Tim Cooper.

Outdoor 147
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Google Releases Details About New Nest Thermostat and Google TV Streamer

Retail Wire

Google has shared details regarding the new design elements of its Nest Thermostat and Google TV Streamer.

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Warehouse worker arrested over theft of $400,000 worth of ‘Bluey’ coins

Inside Retail

An Australian man is set to appear in court on Wednesday after being arrested for the alleged theft of more than $600,000 worth of commemorative coins linked to the popular children’s television show “Bluey”, police said. The 47-year-old is accused of stealing 64,000 unreleased, limited-edition $1 coins from a warehouse in the Sydney suburb of Wetherill Park in June, according to “Strike Force Bandit”, a special unit police set up to investigate the theft.

ATS 147
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NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot

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.

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Taco Bell’s Secret To Driving Fast-Food Customers Back Into Stores

Retail Wire

The restaurant has apparently cracked the code to retaining customers in tough economic times.

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Ralph Lauren bucks subdued luxury market with higher sales, profit

Inside Retail

Ralph Lauren has posted a modest increase in sales and a surge in profit for the first quarter despite a challenging luxury market. The company’s revenue for the quarter ended June 29 was $1.5 billion, up 1 per cent on a reported basis and 3 per cent in constant currency. According to GlobalData MD Neil Saunders, the slight increase was delivered against a very difficult environment for luxury and consumer spending.

Marketing 130
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How to Avoid the Post-Lunch Crash and Stay Energised at Work

Retail Focus

We’ve all experienced it – that sleepy, sluggish feeling that sets in after eating a big lunch. Known as the ‘post-lunch dip’, this common occurrence can seriously impact our productivity and focus in the afternoon. But with a few simple strategies, you can avoid the dreaded food coma and stay energised throughout the workday.

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How Chinese brands are winning the Olympic marketing games

Inside Retail

While Western brands have been going head-to-head to win the Olympic sponsorship battle, Chinese brands perhaps are enjoying the biggest gain in the world’s sporting event. Brands gaining exposure DaoInsight reported Chinese table tennis player Fan Zhendong, who won the gold medal last week, went viral with the topic, #Fan Zhendong is the spokesperson of Anta chosen by God’, which generated 21.43 million views on Weibo.

Marketing 130
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Mastering E-commerce Strategies to Drive Growth in B2B Distribution

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

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How to Choose the Best Insurance for Your Business

Retail Focus

Choosing the best insurance for your business is crucial for ensuring employee well-being and company stability. Business health insurance is not just about compliance; it’s about ensuring the well-being of your employees, which can boost productivity, morale, and loyalty. Here’s a guide to help you navigate the process of finding the best business health insurance in the UK.

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Why traditional transactional models no longer work in retail

Inside Retail

In an era marked by relentless competition and rapidly evolving consumer behaviours, retail businesses find themselves at a crossroads. Traditional transactional models, once the cornerstone of commerce, are increasingly proving inadequate in fostering lasting relationships with customers. The contemporary landscape is transforming from fleeting transactions to the demonstration of genuine value and adoption of enduring loyalty.

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New Analytics Reveal the UK’s Best Network for 5G

Retail Focus

Like many modern industries, retail and e-commerce have taken full advantage of the internet to bring their products to more people than ever before. However, as online services continue to develop, these businesses rely on customers having speedy, readily available internet access. That includes mobile, which has overtaken desktops for online browsing.

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Amazon Prime Canada Gains 7-Hour Delivery Service

Retail Wire

Amazon Canada has announced significant improvements to its same-day delivery service, now available in the Greater Toronto Area, Southwestern Ontario, and Metro Vancouver.

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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

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Bensons for Beds acquires 19 former Carpetright stores

Retail Gazette

Bensons for Beds has snapped up 19 former Carpetright stores following the flooring retailer’s administration last month. The bed specialist plans to start trading from the new units within the next few months and is proactively targeting ex-Carpetright colleagues to join its network of retail staff. The acquistion forms part of Bensons’ physical expansion plans to open up to 40 new stores over the next few years.

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Elon Musk and X Begin Lawsuit Against Major Advertisers

Retail Wire

Elon Musk and X are making waves with a new move that's bound for more controversy.

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Go Outdoors to open Europe’s largest outdoor store this month

Retail Gazette

Go Outdoors is set to open Europe’s “biggest ever outdoor retail shop” in the Vangarde Shopping Park, York. The 125,000 sq ft site will feature more than 380 brands across walking, camping and caravanning, watersports, running, fishing, horse riding, and climbing. It will also house its new concept cafe, Alpine Café. The superstore has created over 42 new jobs at the outdoors retailer, with 28 staff members joining from its old GO Outdoors York shop.

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CVS Blames Higher Medical Costs for Dragging Down Profit

Retail Wire

CVS lowered its 2024 adjusted earnings per share projections for the third time.

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How to Maximize Amazon Sales and Crush the Competition

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.