Intelligence Node
DECEMBER 14, 2023
As we step into 2024, the retail industry is poised to witness transformative changes. These are shaped by evolving technology, stiff competition, and changing consumer preferences. To stay ahead of. The post Retail Predictions for 2024: Navigating the Future of Shopping appeared first on Blog.
Inside Retail
DECEMBER 14, 2023
Seed Heritage has launched its largest store with the reopening of an expanded site at Canberra Centre. The 900sqm store showcases the clothing company’s full offerings across the woman, man, baby, child, teen, and home categories. The expanded store marks Brandbank Group’s aggressive growth strategy, with 500 stores across Australia, New Zealand, Hong Kong and Singapore.
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Retail TouchPoints
DECEMBER 14, 2023
The National Retail Federation (NRF) has introduced the Center for Retail Sustainability , designed to help retailers generate economic value while also creating benefits for the environment, communities and societies. Initial efforts will focus on leveraging consumer insights around sustainability products and practices, and improving supply chain traceability.
Inside Retail
DECEMBER 14, 2023
Elevated and exclusive shopping experiences and products are fast becoming a way for brands to differentiate and create hype around new offerings and core products. New Balance has entered the beauty market in celebration of opening a premium direct-to-consumer retail store in Australia this December and it smells like luxury on and off the court for the apparel brand.
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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.
Retail TouchPoints
DECEMBER 14, 2023
Following the remarkable commercial success of the Barbie movie , Mattel is putting its American Girl dolls in the spotlight. Mattel Films is working with Paramount Pictures and Temple Hill Entertainment on a live-action feature film concept based on the doll line. Lindsey Anderson Beer, who also wrote the feature films Pet Semetary: Bloodlines and Sierra Burgess Is a Loser, is attached to write and produce the unnamed product.
Inside Retail
DECEMBER 14, 2023
Franchisors should review and amend unfair terms on their standard form contracts or else face legal action, the Australian Competition and Consumer Commission (ACCC) has warned. The ACCC said contracts are unfair if they cause a significant imbalance in the rights and obligations of the involved parties; are not reasonably necessary to protect the legitimate interests of the party advantaged by the term; and would result in detriment to the other party if implemented or relied upon.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Wire
DECEMBER 14, 2023
Facing bankruptcy, PREIT, owner of multiple New Jersey malls, has proposed a reorganization plan in hopes of preventing the malls from closing.
Retail TouchPoints
DECEMBER 14, 2023
Sally Beauty has launched a new service offering free, on-demand digital hair coloring consultations with licensed professionals. The retailer piloted the Licensed Colorist OnDemand in two states in August and it’s now available in all 50 states. The digital service connects consumers one-on-one with certified licensed colorists, in real time, to address their hair color questions.
Retail Wire
DECEMBER 14, 2023
The Coca-Cola Company has recalled soda cases distributed in Alabama, Mississippi, and Florida for "potential foreign materials.
Retail TouchPoints
DECEMBER 14, 2023
New research from trade organization ICSC highlights the inextricable link between physical stores and online sales and the surprising fact that Gen Z are turning to physical retail at higher rates than their predecessors. The latest study shows that a new store opening boosts online sales in the trade area surrounding that store by an average of 6.9% in the immediate weeks following the opening; conversely, closing stores has an even greater negative impact on retailer performance, resulting
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Retail Wire
DECEMBER 14, 2023
The anti-obesity medication & weight loss drug Ozempic is surpassing demand inciting bad market practice.
Retail Focus
DECEMBER 14, 2023
Hammerson is pleased to announce a flurry of high-profile new openings at Bullring & Grand Central, the culmination of a transformational year for the Birmingham city centre destination. Nike, Bershka, Pull&Bear, and M&S have opened just in time for the busiest shopping period in the calendar, alongside the famed Coca-Cola truck having arrived at the destination last weekend, underpinning Hammerson’s strategy to enliven the asset with new brands, concepts and market firsts.
Retail Wire
DECEMBER 14, 2023
Wednesday saw a record-breaking performance for Apple Inc. as its shares closed at an unparalleled high.
Retail Focus
DECEMBER 14, 2023
Competition is fierce in the retail sector as traditional brick-and-mortar businesses face the digital revolution. Data is key for all-sized retailers, not only to assess how far they’ve come but to provide a clear direction for the future. That’s easier said than done, though, which is where forecasting comes in place, providing an opportunity for growth and success even in the most unpredictable market conditions.
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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.
Retail Wire
DECEMBER 14, 2023
Tesla recently provided a sneak peek into the new iteration of its Optimus robot, which has seemingly evolved in terms of agility and versatility compared to its previous version.
Retail Focus
DECEMBER 14, 2023
Edi Moraes, Media Buyer, Upbeat Agency talks about the reasons why your TikTok ads may not be spending. The TikTok made me buy it hashtag has become a global phenomenon. Viewed more than 77.4 billion times (more if you include #tiktokmademebuythis), on diverse promoted products, it’s a clever marketing ploy that has woken many retailers and etailers to the potential of TikTok as an advertising platform.
Inside Retail
DECEMBER 14, 2023
Capital Food Market in Belconnen, Australian Capital Territory, has opened its doors to the public with 40 food and beverage merchants. The 4300sqm market hall is the final stage of real estate investment manager Elanor Investors Group’s revitalisation of the 3ha gateway site where the original Belconnen Fresh Food Markets precinct has been since 1976.
Retail Wire
DECEMBER 14, 2023
Tesla is recalling over 2 million vehicles in the U.S. that have its Autopilot advanced driver-assistance feature integrated due to concerns highlighted by a safety regulator.
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.
Inside Retail
DECEMBER 14, 2023
Artificial Intelligence (AI) is showing increased adoption in customer service. Traditionally, the primary role for customer-facing chatbots has been to reduce the volume of inbound requests to human operators. But now, AI-powered assistants are also being deployed behind-the-scenes for contact-centre agents. When these technologies are able to leverage vast amounts of customer data, they can become extremely powerful.
Retail Wire
DECEMBER 14, 2023
A creatively crafted replica of the Bastrop Buc-ee's, complete with gingerbread cutouts of familiar faces to Williamson County, has been constructed by Texas natives Deanna and Paul Vaters.
Retail Gazette
DECEMBER 14, 2023
Last month Booths axed its self-service checkouts in all but two of its 28 stores, claiming the move was in response to customer demand. The supermarket insisted the change helped it keep its “warm northern welcome” and that having manned tills was better for shoppers. The high-end supermarket will only retain self-checkouts in its Windermere and Keswick stores in the Lake District as these stores can become very busy.
Retail Wire
DECEMBER 14, 2023
In a landmark ruling, the leading court in the European Union has decided that Amazon is not required to pay €250 million ($273 million) in back taxes to Luxembourg.
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Retail Gazette
DECEMBER 14, 2023
Tesco and Sainsbury’s have been named among a number of supermarket giants which have been linked to multiple migrant worker abuses within the UK. Business and Human Rights Resource Centre senior migrant rights researcher Isobel Archer said: “Supermarkets must realise it’s simply not enough to publish general labour rights policies; they need to recognise specific vulnerabilities for UK-bound farmworkers and fishers and urgently respond to them by adopting tailored and migrant worker-centric ris
Retail Wire
DECEMBER 14, 2023
Cruise, the self-driving vehicle unit of General Motors, is laying off nearly 24% of its workforce.
Retail Gazette
DECEMBER 14, 2023
Premium audio specialist Bang & Olufsen has opened the doors to its largest-ever flagship at 72 New Bond Street, London. The 4,000sq ft space showcases the brand’s full range of luxury speakers and televisions across three floors. Visitors can browse the brand’s range of audio equipment on the ground floor, before heading downstairs for “the ultimate sound experience” in a private sensorium room.
Retail Wire
DECEMBER 14, 2023
Walgreens is once again considering putting the UK pharmacy chain Boots up for sale.
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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
Retail Gazette
DECEMBER 14, 2023
Sephora is launching its third UK store in Manchester, as it seeks to expand in the North of England. The shop is set to open in summer 2024 in Manchester’s Trafford Centre, after the business launched its first two stores in London in March and November this year. The cosmetics retailer insisted the store will “redefine the beauty landscape in the North with an extraordinary product range” Sephora claimed the store will bring “the best in beauty” featuring various
Retail Wire
DECEMBER 14, 2023
The storied hotel was the hotspot of the night during its Sin City grand opening.
Retail Times
DECEMBER 14, 2023
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! This New Year’s Eve, BrewDog is going to be partying like it’s 1999, rolling back drink prices in-bar nationwide to what they would have cost over 20 years ago, giving customers savings not seen this century.
Retail Gazette
DECEMBER 14, 2023
Temu has filed a new lawsuit against Shein accusing its rival of “mafia-style intimidation of suppliers” and copyright concerns, according to a filing on Wednesday. The Chinese ecommerce giant claimed Shein infringed on its intellectual property rights and falsely imprisoned its merchants, alongside other tactics to stunt its rival’s US growth.
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