Mon.Mar 04, 2024

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‘Cash or Card?’: Why More Financing Choices Drive Consumers’ Decisions on Which Retailers to Shop

Retail TouchPoints

The customer experience is paramount to the success of today’s retailers. This includes enhancing in-store inventory, delivery services and even the personalization of customer service. However, when it’s time to check out, how do payment options factor into that customer experience? A recent study of more than 4,700 consumers from Bread Financial indicates payment choices — including retail store credit cards, bank branded credit cards and buy now, pay later (BNPL) — at checkout have become a m

Finance 289
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JetBlue and Spirit Airlines Call Off $3.8 Billion Merger

Retail Wire

JetBlue and Spirit Airlines have called off a planned merger that began two years ago. The airlines said the decision was amicable but claimed that ongoing regulatory hurdles would have made merging the two companies difficult.

Planning 279
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Amazon Aggregator and Former ‘Unicorn’ Thrasio Files for Bankruptcy

Retail TouchPoints

Thrasio , one of the highest-profile Amazon “rollup” firms — so-called because they acquire Amazon third-party sellers en masse and roll them up into a larger entity to consolidate operations (and ideally scale profitability) — has filed for bankruptcy in an effort to “strengthen its financial position.” Thrasio said it will continue normal business operations for its hundreds of Amazon FBA brands throughout the Chapter 11 process and that it has received $90 million in new financing from its le

Finance 284
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How retail left the Baby Boomer generation and its “silver economy” on the table

Inside Retail

It appears retail has left behind the Baby Boomer generation along with its disposable income and brand loyalty. Whether marketers are subconsciously ageist or they’ve gotten distracted riding the Millennial branding and Gen Z social media wave all the way to the bank is still up for debate. But in what marketers have described as the “silver economy”, brands are leaving a considerable amount of revenue on the table that could be brought in by the Baby Boomer generation.

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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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JOANN Explores Bankruptcy Option To Control Debt

Retail Wire

JOANN Inc. could file for Chapter 11 bankruptcy as a way to generate enough capital to keep its stores open.

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Swatch opens largest store in Australia

Inside Retail

Swatch has opened its first Australian flagship store in Melbourne CBD, its largest in the country. The 315sqm store features Swatch’s collections including Swatch Neon, Swatch Art Journey, Big Bold, and the latest Bioceramic What If. The store’s interior design includes an open walk-through space, seven glass brick totem walls, product collection islands, and large LED screens.

ATS 259

More Trending

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Apple fined $2bn for thwarting rival music streaming service downloads

Inside Retail

Brussels on Monday fined Apple US$2 billion for thwarting competition from music streaming rivals via restrictions on its App Store, the iPhone maker’s first ever penalty for breaching EU rules. A basic penalty of $43.4 million was inflated by a huge lump sum included as a deterrent – a first for the European Union’s antitrust authorities.

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Shaftesbury Capital welcomes Arc’teryx for new Covent Garden flagship

Retail Focus

Shaftesbury Capital has announced that Arc’teryx , the high-performance outdoor apparel brand, has now opened its new flagship store within the newly refurbished listed building at 41-42 King Street in Covent Garden. This follows previous success on Long Acre and represents a key milestone within the brand’s brick-and-mortar journey, and the continual pull of Shaftesbury Capital as the go-to location for expansion within the West End.

Outdoor 147
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What StockX’s new shopping app for Apple Vision Pro says about AR in retail

Inside Retail

On Monday, the US-based resale platform StockX launched a shopping app for Apple Vision Pro , a spatial computer that blends digital content and apps with the real world and lets users navigate this blended reality using their eyes, hands, and voice. In a statement, StockX president and chief operations officer Greg Schwartz commented, “Nothing replaces the feeling of picking a sneaker off the shelf and holding it in your hands, but this new experience comes very close.

Shopping 130
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EU Hits Apple With $2 Billion Antitrust Fine

Retail Wire

In a landmark decision, Apple faced a hefty fine of 1.84 billion euros, marking its first violation of EU competition regulations. The penalty stems from allegations of hindering competition in the music streaming market through App Store restrictions.

Marketing 130
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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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How PowerBoard is helping QBD books deliver a seamless shopping experience

Inside Retail

Leading brick-and-mortar retailer QBD Books set out to revitalise its digital presence and increase online sales. Removing friction from the checkout process and personalising the experience were some of the strategies for delivering results. As one of Australia’s leading brick-and-mortar retailers, QBD Books is on the cusp of opening its 87th retail outlet.

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Investment Firms Increase Macy’s Takeover Offer to $6.6 Billion

Retail Wire

Arkhouse Management and Brigade Capital Management announced a revised offer to acquire Macy's. Previously snubbed for being too low, the firms now propose purchasing Macy's shares they don't already own for $24 each, a 14% increase from their previous bid of $21 per share.

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How Shiseido is connecting with customers in a crowded beauty market

Inside Retail

In the US$375 billion global beauty industry, efficacy and simplicity reign supreme. Recognising this, Japanese cosmetics brand Shiseido recently unveiled its latest innovation, the revamped ‘Vital Perfection’ anti-aging cream, which is revered for its efficacy on Asian skin. The upgraded formula contains SafflowerRed technology, which is derived from the Mogami Safflower.

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Trader Joe’s Chicken Soup Dumplings Recalled for Possible Plastic Contamination

Retail Wire

CJ Foods Manufacturing Beaumont Corp. has issued a recall for approximately 62,000 pounds of Trader Joe's chicken soup dumplings due to potential plastic contamination. This nationwide recall has been prompted by concerns that the dumplings may contain pieces of plastic, likely originating from a permanent marker pen.

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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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How Bo & Luca’s founder navigated warfare whilst remaining true to her purpose

Inside Retail

New Zealand-born designer Shannon Pittman is the founder and creative director of bespoke bridal brand Bo & Luca. After officially launching in 2012, Pittman recently opened Bo & Luca’s first store in Brisbane, Australia, after years of building its global presence. Here, she discusses the blend of traditional craftsmanship and modern design in her dresses, the impact of global conflicts on her supply chain and what’s next for the business.

Fashion 130
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Fisker and Nissan’s Possible Electric Truck Collaboration

Retail Wire

Fisker is seeking solace in a strategic alliance in the hopes of improving its financial situation, and Nissan may be the potential partner.

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Retailers suffer longest dip in sales since Covid-19 lockdown

Retail Gazette

Retailers are suffering from the longest dip in sales since the 2020 pandemic as consumers cut back for the fifth consecutive month. Like-for-like sales across fashion, homewares and lifestyle slipped 1.3% in February, according to new figures from accountancy firm BDO. Fashion was hit the hardest, with overall sales down 4.8% and instore sales plunging 8.2% last month.

Wholesale 145
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Lufthansa Ground Crew Strike Will Disrupt 200K Passengers

Retail Wire

Lufthansa, a German airline, is facing significant disruption as ground crews go on strike demanding better pay and working conditions.

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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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John Lewis rebrands for International Women’s Day campaign

Retail Gazette

John Lewis is launching a campaign ahead of International Women’s Day, inviting designers, producers and emerging women-led brands to join “John Lewis & Sisters” and have their products stocked for Christmas. The retailer is changing its name to reflect the campaign on social media from 8 to 10 March, and says it will be a platform for women to share their talents, stories and ideas with buyers as it searches for more makers.

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New MacBook Air Released, With New iPads Potentially on the Way This Week

Retail Wire

Apple, the leading tech giant, is planning to release a number of new products this week, according to rumors.

Planning 130
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Houston Rockets Owner Buys River Oaks District for $450 Million

Shopping Center

Houston — Fertitta Entertainment Inc., an entity controlled by Houston Rockets owner Tilman Fertitta, has purchased River Oaks District, a 664,308-square-foot mixed-use development on Houston’s west side. Multiple local news sources,… The post Houston Rockets Owner Buys River Oaks District for $450 Million appeared first on Shopping Center Business.

Shopping 116
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First look: Gymshark debuts premium range at Selfridges in first wholesale partnership

Retail Gazette

Gymshark has officially opened a permanent space in Selfridges London which sees the luxury retailer become the activewear giant’s first-ever wholesale partner. The opening follows the success of Gymshark’s Regent Street flagship , which opened its doors in October 2022 and the recent news of its Westfield Stratford City store, set to open this summer.

Wholesale 115
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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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Viking Therapeutics Marks Its Spot as a Strong Player in the Weight Loss Drug Market

Retail Wire

Biotech firm Viking Therapeutics has positioned itself as a strong new contender or acquisition target in the weight loss drug market.

Marketing 100
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Aldi’s Kevin the Carrot returns with an easter makeover

Retail Gazette

Aldi’s beloved Kevin the Carrot character will return to the supermarket’s middle aisle next week with a festive Easter makeover. The discounter has released two limited edition Kevin soft toy collectibles, dressed in either a removable soft grey bunny suit or a boucle style lamb outfit. The £3.99 Easter Kevin will appear in Aldi’s specialbuys on 14 March.

Returns 113
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Today in Global Small Business: Celebrating Women's History Month

LS Retail

©iStock/Yulia Novik What's affecting me, my clients, my colleagues and other global small business owners: This nonprofit, Women Entrepreneurs Grow Global® , is making history every day for special women who aspire to take on the world with their business. The full lens on Women's History Month. Courageous women who have helped the United States build a fairer, more just society.

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Currys boosts staff pay with £13m investment

Retail Gazette

Currys is investing a further £13m into staff pay to boost salaries for its hourly-paid workers. Staff will now earn £12.33 per hour on average, with top performers pulling in a £13.95 an hour average, following a 9.5% rise in their hourly rate. The electricals retailer said some workers would earn even more as the potential for its bonuses was uncapped.

ATS 105
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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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How Retailers Like Sam’s Club, Home Depot Use Computer Vision in Stores

RIS News

There’s no shortage of artificial intelligence talk in retail, but top retailers like Sam’s Club and Home Depot are walking the walk when it comes to one AI subset — computer vision.

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From Foundation to Innovation: Navigating Through Brand & Retailer Maturity Phases

Wiser

Brands and retailers face unique challenges as they progress from their initial market entry to becoming leaders in innovation and strategy. Understanding the distinct phases of retail maturity—Foundational, Expansion, and Innovation—is crucial in identifying the specific needs and solutions that will propel a brand or retailer forward. Aligning retail strategies with these technological shifts is no longer optional; it’s imperative for those aiming to enhance their market position and ach

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Making physical spaces compelling in a world gone digital

Retail Dive

From shopping to work to entertainment, people are choosing their screens. But we can create reasons for them to step out.

Shopping 108
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Whole Foods Market to Expand Small-Format Store Concept for Urban Shoppers

RIS News

Whole Foods Market is opening a small-format store dubbed Whole Foods Market Daily Shop in New York City this year and plans to bring the store concept to other cities across the country. Learn more.

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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.