Retail TouchPoints

FEBRUARY 1, 2024

Even though inflation has been easing in recent months, a majority ( 70% ) of retail CFOs say they plan to raise prices in 2024 — although 60% said the price hikes would be slight rather than significant, according to the 2024 Retail CFO Outlook Survey from consulting firm BDO. In contrast, just over half ( 51% ) of respondents to last year’s survey said they would be raising prices in the coming year.

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Management Planning Accounting Consumer 217

Inside Retail

FEBRUARY 1, 2024

Jewellery retailer Michael Hill has been ordered to pay $2.259 million in damages, following a dispute over packaging supply with paper bag supplier Gispac. Costs and interest have also been awarded. The companies signed two separate agreements for Australia and New Zealand on May 5, 2014, under which Gispac would supply small and large paper bags to Michael Hill for the two markets.

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Location Management Marketing 290

Retail TouchPoints

FEBRUARY 1, 2024

Marketers will soon need to strategically rethink their measurement methodologies. The imminent end of third-party cookies in the second half of 2024 presents significant challenges for anyone reliant on cookie-based tools for tracking, targeting and attribution. But changes may be seen earlier — Google started disabling cookies for 1% of users on Jan. 4, 2024 — so marketers must develop a new approach to measurement for a post-cookie world.

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Marketing Planning ATS Management 298

Retail Wire

FEBRUARY 1, 2024

A group of 30 educators from northern Kentucky recently won a $1 million Powerball prize. All hailing from the same school, the group, fondly nicknamed "The Jones 30," cashed in on a winning ticket recently.

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Customer Experience

Retail TouchPoints

FEBRUARY 1, 2024

Adidas will sell off its remaining Yeezy inventory at cost rather than write it off at a loss, the company announced alongside its preliminary results for 2023. The move isn’t entirely unexpected — in 2023, the company issued releases of Yeezy stock in May and July. Products in those two releases were sold at a profit, but a “significant amount” of the proceeds were slated to be donated to organizations that fight discrimination and hate.

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ATS Wholesale Marketing 264

Inside Retail

FEBRUARY 1, 2024

Amazon.com beat fourth-quarter revenue expectations on Thursday as new generative AI features in its cloud and e-commerce businesses spurred robust growth during the critical holiday period. Investors cheered the results, sending Amazon shares up as much as 8% in trading after the market close. Amazon’s roster of high-spending business customers have provided it stable growth in an uncertain economy, but its position as the world’s biggest cloud provider is being challenged by rival

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Merchant Services Fulfillment Advertising Shipping 264

Inside Retail

FEBRUARY 1, 2024

Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts’ targets, powered by iPhone growth, sending Apple shares down 3 per cent in after-hours trade. The results confirmed some analysts’ concerns that the company’s signature product is losing ground in the key Asian market where consumers are buyin

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Accounting Marketing Planning Consumer 246

Retail Wire

FEBRUARY 1, 2024

The H&M CEO role has undergone a change of leadership. The reins of the Swedish fashion giant are now handed over to Daniel Ervér, a seasoned insider, taking over from Helena Helmersson.

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Fashion 246

Inside Retail

FEBRUARY 1, 2024

Inside a recording room at Queen Mary University of London, a group of researchers fiddle with novel artificial intelligence (AI) tools to develop what they call the “new virtual worlds” of music. Andrea Martonelli and Max Graf are among more than 30 doctoral students working with Dr Mathieu Barthet, a senior lecturer in Digital Media, to explore computational creativity and generative AI.

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Dead-Stock Marketing ATS 244

Retail TouchPoints

FEBRUARY 1, 2024

Dollar General (DG) now offers fresh produce in more than 5,000 U.S. stores, giving the company more individual points of produce distribution than any other mass retailer or grocer in the country. DG stores that carry fresh produce are stocked with the top 20 produce items typically sold in traditional grocery stores, including tomatoes, onions, apples, strawberries, potatoes, sweet potatoes, lemons, limes and salad mixes.

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Grocer Management Consumer Merchandise Store 242

Speaker: Amanda Adams, Fractional CFO, CPA

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Accounting

Retail Wire

FEBRUARY 1, 2024

Adidas has announced that it has opted to sell all of its remaining Yeezy inventory throughout 2024.

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Planning 264

Inside Retail

FEBRUARY 1, 2024

It’s no secret performance marketing on social media platforms isn’t what it used to be but it’s where consumers reside. A new report by Euromonitor International on the top five digital consumer trends in 2024 suggests that consumers want more power in their relationships with brands and are using social media to give them a greater voice. Michelle Evans, global lead of retail and digital insights at Euromonitor International, said in a statement that “consumers are also seeking more powe

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Marketing Social Commerce Advertising Consumer 147

Retail Wire

FEBRUARY 1, 2024

Climate activist Greta Thunberg went on trial on Feb. 1, 2024, for refusing to leave a protest that blocked an entrance to an oil and gas conference in London in the Fall of 2023.

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Retail TouchPoints

FEBRUARY 1, 2024

Kirkland’s has received $12 million from a global asset management firm to support its strategic repositioning efforts. Gordon Brothers provides short- and long-term capital and liquidity by lending against and investing in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually. The firm is providing Kirkland’s with a first-in last-out delayed draw term loan to support ongoing working capital needs as it continues its business transform

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Finance Management Customer Experience ATS 147

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Customer Experience

Inside Retail

FEBRUARY 1, 2024

In a significant leadership transition, Lego Group recently announced the appointment of Claus Kristensen as the new Senior Vice President for the Asia Pacific (Apac) region. We sat down with Claus Kristensen to delve deeper into his vision, strategy, and goals for Lego’s future in the Asia Pacific region. “My ambition is naturally to continue the success paved by Eric Maugein (his predecessor) and further build on the phenomenal growth we have achieved together.

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Consumer Marketing Management ATS 130

Retail Wire

FEBRUARY 1, 2024

In 2023, a data breach took place between May and September at 23andMe, the DNA testing company. It was recently found that specific users of Chinese or Ashkenazi Jewish descent were seemingly targeted in the breach.

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ATS 130

Inside Retail

FEBRUARY 1, 2024

Skechers USA has reported record sales of US$8 billion for FY23, representing a 7.5 per cent year-on-year increase. The growth was primarily driven by the 13.3 per cent increase in international sales, partially offset by a 0.8 per cent decline in domestic sales. Direct-to-consumer sales rose 24.3 per cent to $683.4 million, led by EMEA with a 49.2 per cent increase, followed by Apac (22 per cent) and America (21.5 per cent).

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Wholesale Consumer Location Accessories 130

Retail Wire

FEBRUARY 1, 2024

The shuttering of a key Walgreens in Boston sparked an outcry among local residents. This Roxbury store, nestled beside a dialysis center, served as the only pharmacy in the area predominantly inhabited by racial minorities.

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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.

Fashion

Inside Retail

FEBRUARY 1, 2024

Parisian high-end Haute Parfumerie, Parfums de Marly, opened its first boutique this week in the Asia Pacific (APAC) region, within Sydney’s Strand Arcade. The high perfumery now has six global flagships with plans to open another four locations within the APAC region over the next 12 months. Following its 2020 marketing strategy rebrand, Parfums de Marly felt now was the right time to enter the Australian retail space with its French vision of excellence and luxury in opposition to standardisat

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Department Stores Boutique Marketing Location 130

Retail Wire

FEBRUARY 1, 2024

On Tuesday, a lawsuit was filed against Tesla for allegedly mishandling toxic waste across 25 counties in California by district attorneys of all the impacted counties.

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Inside Retail

FEBRUARY 1, 2024

As the Lunar New Year approaches, retailers around the globe are eagerly gearing up to embrace the festive spirit and capitalise on the significant market opportunities that this joyous occasion brings. One of the best examples of this came from China, as Apple reduced its retail prices on select iPhone models by almost $70. The price reduction comes as Apple faces increased challenges in the world’s largest smartphone market, with homegrown competitors like Huawei Technologies and Xiaomi gainin

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Payment Services Consumer Marketing Promotions 130

Retail Wire

FEBRUARY 1, 2024

Delta Air Lines is setting a new course for its American Express card program, and it might be a bumpy ride for some cardholders.

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Wholesale

Inside Retail

FEBRUARY 1, 2024

Fur coats might be back in style, but cruelty-free garments are always in fashion. Australian fashion brand Unreal Fur produces premium vegan outerwear and has been a leader in the movement towards championing change for the betterment of animal welfare in the local and global fashion industry since 2011. The brand was founded by Gilat Shani with the promise of designing and producing premium vegan outerwear.

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Fashion Accessories Marketing ATS 130

Retail Wire

FEBRUARY 1, 2024

Disney is following the same path as rival Netflix by clamping down on password sharing on its streaming platform.

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Retail Gazette

FEBRUARY 1, 2024

An American candy store on Oxford Street has had more than £55,000 worth of suspected illegal goods seized in a recent raid. Trading Standards officers recovered 2,200 items, including fake designer mobile phone covers, a haul of vapes with twice the legal amount of nicotine, and sweets banned in the UK in an operation on Wednesday morning. The raid comes as Westminster City council officials have stepped up the pressure on the US-themed sweet shops that have cropped up along Oxford Street, whic

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Shopping 126

Retail Wire

FEBRUARY 1, 2024

Starbucks has revealed a special collection of cups made in collaboration with artist Damon Brown.

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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

Customer Experience

Retail Minded

FEBRUARY 1, 2024

Retail and 2024 are both in full swing, and both the year and commerce kicked off at the National Retail Federation in New York City in early January. This is always a vibrant, engaging and important whirlwind for me… and an experience I look forward to every year. After all, as a self-described retail geek, I get giddy when it comes to exploring the latest retail technology, exploring flagship stores that keep up with collective retail trends and discovering new resources that help fuel t

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Point of Sale Merchant Services Returns Consumer 119

Retail Dive

FEBRUARY 1, 2024

That word doesn’t necessarily match the workwear brand’s rugged aesthetic, but it’s part of “a more concerted effort” to give working women what they want.

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Retail Gazette

FEBRUARY 1, 2024

Two more Asda superstores are undergoing a consultative ballot to gauge support for strike action following concerns of how “complaints have not been dealt with by managers” Members of the GMB at the supermarket’s Brighton Marina and Brighton Hollingbury stores have begun voting over a dossier of more than 20 issues. These include complaints such as poor contracts, a lack of hours, issues around health and safety not being dealt with in a timely manner, staff training not being

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Supermarket Management ATS 111

LS Retail

FEBRUARY 1, 2024

©iStock/Galeanu Mihai According to the International Monetary Fund (IMF), global growth is stronger than expected and will be 3.1% in 2024, the same as in 2023, as the US and emerging economies have shown resilience to previous crises, with strong consumption driving the growth. The IMF has increased its previous forecast by 0.2%, in its latest World Economic Outlook report, factoring in upgrades for China, the United States, and large developing economies.

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