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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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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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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5 Ways You Can Win Faster with Gen AI in Sales

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.

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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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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

Outdoor 282

More Trending

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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.

ATS 249
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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.

Shopping 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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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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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

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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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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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How Product Donations Drive Strategic Benefits for Businesses and Offer Hope to Communities in Need

Retail TouchPoints

When Hurricane Beryl barreled its way across the Caribbean in early July, leaving a trail of destruction, it was the earliest Category 5 Atlantic hurricane ever recorded. This is not a good sign for what was already predicted to be an above-normal Atlantic hurricane season , which runs from June through November. The frequency and severity of extreme weather events like what we have seen in recent years serves as a wake-up call for companies and consumers alike.

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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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10 Ways to Leverage Buyer Signals and Drive Revenue

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.

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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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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.

Returns 147
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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 213
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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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Modernizing the Frontend Experience on Salesforce Commerce Cloud

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.

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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.

ATS 130
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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.

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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.

Planning 130
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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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Signal-Based Selling: How to Leverage 4 Key Buying Signals

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.

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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.

Consumer 130
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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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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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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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Website Security Essentials: Protect Your Site and Strengthen Cybersecurity

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.

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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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ThredUp to exit Europe

Retail Dive

The secondhand apparel company is also exploring strategic alternatives for Remix. Meanwhile, it reported a drop of nearly 4% in revenue in Q2.

Apparel 123
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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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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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Activating Intent Data for Sales and Marketing

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.