Thu.Jul 04, 2024

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Jeff Bezos Plans $5B Amazon Share Sale

Retail Wire

Jeff Bezos is selling the Amazon stock after announcing his move to Miami.

Planning 290
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Desigual set to make Australian return

Inside Retail

Spanish fashion label Desigual is returning Down Under, partnering with The Iconic to launch its spring-summer collection. The brand said the move is a step towards building a presence in Australia and New Zealand. Desigual first entered Australia in 2014 with a flagship store in Melbourne through a licensing agreement with Edwards Imports. Janine Edwards, head of Edwards Imports, said at the time that her company planned to open a Desigual store in every Australian state, with Sydney to be the

Returns 276
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Saks Owner Nears $2.65B Acquisition of Neiman Marcus

Retail Wire

In a significant move within the retail industry, Hudson’s Bay Co., the owner of Saks Fifth Avenue, is reportedly close to finalizing a $2.65 billion acquisition of Neiman Marcus Group.

Fashion 277
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“We’re the Peloton of reformer”: Aussie brand Your Reformer eyes global growth

Inside Retail

Your Reformer has grown from a post-pandemic startup to become the largest reformer pilates retailer in Australia and a national phenomenon. Now, the at-home pilates provider – which sells and rents reformer pilates machines, or beds, and operates an on-demand platform of exercise videos – is embarking on a global expansion. This week, the brand announced its first-ever ambassador, model and 2010’s Miss Universe Australia Jesinta Franklin, and is set to disrupt the US market next.

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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’s Greenhouse Gas Emissions Surge Due to AI Expansion

Retail Wire

As Google intensifies its integration of AI into its core products, a significant environmental issue has surfaced: the systems required to power its AI tools have substantially increased the company’s greenhouse gas emissions.

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European retail summer: Five key trends for Aussie retailers

Inside Retail

I’m just back from an inspiring retail discovery tour in Europe. After taking in Spain, Germany, France, Netherlands and the UK, five key trends have become apparent. 1. Focus of retail on online marketing, pickups and delivery It’s clear how much European retailers are invested in non-physical retail. While the trend (particularly in Central Europe) still leans toward a preference for physical retail shopping, retailers are pushing hard online.

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Why “opportunity hangs in the air” for Lush’s retail GM

Inside Retail

In less than a decade, Brittany Gian has worked her way from sales assistant to general manager of retail at Lush. Gian still uses her floor training and customer service experience to navigate her day-to-day in the boardroom. Here, we speak to Gian about the imbalance of women in leadership roles versus the shop floor, rethinking roles in retail that are gender inclusive and the career advice that she continues to call back on.

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Retail Media’s Next Wave: Data Portability

Retail TouchPoints

Brands are under more pressure than ever to prove that their advertising investments are leading to meaningful ROI. To do that effectively, they are seeking out offerings that focus their dollars on known purchasers to eliminate wasted ad impressions. The solution? Retail media. Retail media lets brands identify consumers that are in market for specific products based on their purchase behavior, reach those consumers with targeted ads to drive them down the consideration funnel, and then tie tho

Marketing 243
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Dymocks looks to buy certain assets of embattled Booktopia

Inside Retail

Bookstore chain Dymocks is considering buying some assets of rival Booktopia after the latter entered voluntary administration earlier this week. The company is targeting Booktopia’s fulfilment and distribution centres, according to the Sydney Morning Herald. “We wouldn’t look to buy the brand because we have a much stronger brand ourselves that’s been around 145 years.

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Instacart Users Track Rising Grocery Prices With ‘Reorder Items’ Feature

Retail Wire

Traditional paper receipts are increasingly becoming redundant in grocery shops across the U.S., overshadowed by the rising popularity of app-based ordering and tracking systems.

Shopping 202
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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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“You’re only as good as the people around you”: Papier’s Taymoor Atighetchi

Inside Retail

We spoke with Taymoor Atighetchi, the founder and CEO of popular British online stationery brand Papier , about his approach to time management and work-life balance and his best advice for emerging entrepreneurs. Here, he explains why his business offers 30 days a year when employees can “work from anywhere” and why he avoids multi-tasking.

Planning 162
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EU Imposes Tariffs on China-Built EVs

Retail Wire

The European Union confirmed on Thursday the implementation of increased tariffs on electric vehicles (EVs) imported from China, a move likely to prompt price hikes from various automakers.

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Shein launches award for aspiring Australian designers

Inside Retail

Fashion retailer Shein has launched its first Australia-only fashion design competition, the Shein RISE Student Designer Challenge, following the global Shein x Challenge design competition in March. The Shein RISE Student Designer Challenge invites Australian students to create creative ideas based on the theme “Retro-Futurism” The best three designs will win $10,000, $5000, and $3000 cash for first, second, and third place.

Fashion 147
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Fortnum & Mason launches subscription delivery service

Retail Gazette

Fortnum & Mason has unveiled a new subscription delivery service as it looks to “bring unbridled Fortnum’s joy into peoples homes” Fortnum’s Dispatch, available from today (July 4), offers three subscriptions for top ups of the retailer’s biscuits, loose leaf teas and jam. The Tea Post – which costs £100 annually– offers customers a year’s supply of monthly refills of a choice of Fortnum’s tea blends.

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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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How K-Beauty brand Jung Saem Mool aims to win over Southeast Asian shoppers

Inside Retail

While beauty enthusiasts have known Jung Saem Mool as an iconic makeup artist who has collaborated with Korean celebrities such as Lee Hyori and Song Hye Kyo, the brand is relatively new to the Southeast Asian market. Two months after making its debut in Hong Kong in March, the brand recently expanded into Southeast Asia with its first international flagship in Singapore.

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Iceland eyes 250 new Food Warehouse stores across UK

Retail Gazette

Iceland is looking to double the number of its Food Warehouse stores, as part of its nationwide expansion plan. The frozen foods specialist is searching for up to 250 new store sites, double its current 200 sites, with the help of property advisor Mason Partners LLP, which is leading the hunt, The Grocer reported. Iceland is looking for locations with a minimum footprint of 10,000 sq ft on retail parks in England, Wales, Scotland and Northern Ireland.

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Trenery opens largest store in Chadstone

Inside Retail

Country Road Group ‘s Trenery has opened a pop-up store in Chadstone, its largest store globally, that will trade until January. It is the brand’s second new store and the fourth rebranded store since its relaunch last August. Currently, the fashion brand has a footprint in Australia, New Zealand, and South Africa. “We’re so excited to launch our very first pop-up store at Chadstone,” said Melanie Remai, GM at Trenery. “This new space lets us present our entir

Fashion 147
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M&S to open new flagship store in Bath

A1 Retail

· Retailer relocating to 83,000 sq ft store in SouthGate Shopping Centre · New store represents £17m investment and guarantees future for M&S in Bath M&S has announced at its AGM plans to open a brand-new 83,000 sq ft flagship store in Bath, relocating to a new location at SouthGate. The move totals a £17m investment by the retailer, allowing it to offer the very best shopping experience for its customers, and guarantee a future for M&S in Bath Customers will be able

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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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Woolworths divests Warbu-Bellmere Shopping Centre for $37.75 million

Inside Retail

Woolworths Group has sold the Warbu-Bellmere Shopping Centre in Queensland to a Melbourne-based private investment group for $37.75 million. The 5164sqm shopping centre opened last August and is underpinned by a 10-year lease to Woolworths, which occupies 71 per cent of its gross lettable area and serves as the largest full-line supermarket in the main trade area.

Shopping 113
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Happy 4th of July from the Global Small Business Blog

LS Retail

©iStock/RomoloTavani "America is another name for opportunity.

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How to Prepare Your Retail Business for Tax Season: Tips and Tricks

Retail Minded

Navigating the complexities of tax season can be daunting for any retail business owner. Ensuring compliance with tax regulations while maximizing deductions requires careful planning and strategic execution. This blog post will explore practical tips and tricks to help your retail business prepare for tax season efficiently. Understanding the importance of tax preparation can save your business time, money, and potential legal troubles.

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XPO Logistics launches Female Driver Academy to encourage more women to join the industry

A1 Retail

XPO, a provider of innovative and sustainable end-to-end logistics solutions across Europe, has created a new Female Driver Academy to help attract more women into the industry. The female drivers who join the Academy will undertake a 12 to 16-week programme using the XPO Logistics internal driver training team to develop and sharpen their skills. The goal is to create a corps of highly skilled and professional female drivers who are intimately familiar with the company’s customers and products

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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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Clarks freezes cost of school shoes and cuts prices on new back-to-school range

Retail Gazette

Clarks is keeping its school shoes at 2023 prices while reducing the price of a third of its new back to school collection in a bid to help families amid the rising cost of living. The footwear giant is also offering a ‘buy together save together’ bundle, where parents can get £10 off a pair of children’s trainers when they buy black kids school shoes.

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Castore launches regional flagship at centre:mk

A1 Retail

Castore, the premium performance sportswear brand, has officially opened its regional flagship store at centre:mk, one of the top 10 retail destinations in the UK. Located on centre:mk’s premium Silbury Arcade, Castore’s investment into centre:mk marks a new regional retail endeavor for the brand. Castore’s centre:mk regional flagship is home to the brand’s complete mainline range, including menswear, womenswear, and junior collections.

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Taylor Swift’s Eras tour boosts retail footfall recovery

Retail Gazette

Taylor Swift’s Eras tour and the start of the Euro 2024 championship provided a boost to retail footfall last month as the June weather failed to live up to last year’s heatwave. Total UK shopper visitors slipped 2.3% last month, up from a decline of 3.6% in May , the British Retail Consortium (BRC) reported. High Street’s were the hardest hit destinations falling 3.1% in June, compared to a 2.7% drop the month before.

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WHSmith expands use of Dayforce HCM platform across UK operations

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced that WHSmith, a leading global retailer for news, books, and convenience, has expanded its use of the Dayforce platform.

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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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Hatch Baby Recalls Power Adapters Due to Shock Hazard

Retail Wire

Hatch Baby Inc. has issued a recall for power adapters sold with the Rest 1st Generation Sound Machines due to a potential shock hazard.

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Aldi to introduce higher welfare standards for chickens as part of its commitment to animal welfare

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Aldi, the UK’s fourth largest supermarket, is set to introduce new stocking density requirements for its fresh chicken suppliers, further improving the quality of life for livestock. The transition to the higher welfare standard, which will be complete by the end of October 2024, means that Aldi fresh chicken will have 20% more space than […] If yo

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Selfridges and Snapchat launch AR locker room for summer of sport

Retail Gazette

Selfridges has teamed up with Snapchat to introduce an augmented reality (AR) locker room to the retailer’s Oxford Street store, in celebration of the summer of sport. The pop-up, which launched this week, allows shoppers to virtually try on sports kits and interact with their favourite sports brands. Featuring AR mirror experiences, the locker room gives customers new ways to interact with AR lenses, virtually try on sports kits, and see how they’d look in a custom-made Team Selfrid

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The Cotswold Company upgrades showrooms with new upholstery hubs amid soaring demand for upholstery

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The Cotswold Company, the digitally-led premium handcrafted furniture and homeware brand, is delighted to announce it has completed a significant programme to upgrade its showrooms across the UK. Founded in 1996 in the heart of the Cotswolds, The Cotswold Company sells thoughtfully designed, carefully crafted premium furniture and accessories.

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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.