Inside Retail
APRIL 16, 2024
Viva Energy’s convenience sales declined 4.4 per cent year over year to $259 million in the first quarter. The company attributed the lower turnover to the divestiture of 25 Coles Express sites to Chevron, the timing of Easter in March, and lower tobacco sales. However, the company said its acquisition of OTR Group provides a platform to boost its convenience business.
Retail Wire
APRIL 16, 2024
Elon Musk is considering adding a small fee for new X users to enable them to post on the platform as a way to address the issue of bots.
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Inside Retail
APRIL 16, 2024
Culture Kings is an Australian retail phenomenon, what started as a Carrara market stall in 2008 evolved into an international retailer being listed on the stock exchange with a $600 million valuation. Founder and CEO Simon Beard took to the stage at Retail Fest 2024 in the Gold Coast, the city where it all started for him, to share what he refers to as the art of retail.
Retail Wire
APRIL 16, 2024
Wegmans Food Markets, the popular New York-based supermarket chain, has confirmed its plans to open a new store in south Charlotte.
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Retail TouchPoints
APRIL 16, 2024
Dick’s Sporting Goods is expanding its partnership with sporting goods resale marketplace SidelineSwap following a previous expansion in 2023. As the partnership moves into its third year, SidelineSwap’s recommerce services will be available at more Dick’s locations across the U.S. through an ongoing series of trade-in events. During these events, Dick’s customers can bring in their used sports gear for evaluation by SidelineSwap experts.
Retail Wire
APRIL 16, 2024
Starbucks is spicing things up this spring with the launch of its new Spicy Lemonade Refreshers. These refreshing beverages are inspired by the popular “swicy” trend, which blends sweet and spicy flavors to create a tantalizing taste experience.
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Retail Wire
APRIL 16, 2024
The housing crisis in California is reportedly so bad that working-class towns have turned into million-dollar cities.
Inside Retail
APRIL 16, 2024
This year has been a rough one for Apple, to put it mildly. According to IDC , Samsung has reasserted itself as the leading smartphone provider in the first quarter of this year with 60.1 million units shipped versus 50.1 million units shipped by Apple. Ryan Reith, group vice president with IDC, was quoted as saying that the recovery of the smartphone market continues to move forward with optimism slowly building among top brands.
Retail Wire
APRIL 16, 2024
Beyoncé is giving the Levi’s brand a major boost.
Inside Retail
APRIL 16, 2024
The world’s largest luxury group, LVMH, has recorded a revenue of €20.7 billion (US$22 million) for the first quarter of this year, representing organic revenue growth of 3 per cent, but a 2 per cent drop on a reported basis. Sales in Japan achieved the highest growth, surging 32 per cent. Meanwhile, the group’s sales in Asia – which account for 33 per cent of total revenue – dropped 6 per cent, mainly due to the recovery in offshore travel.
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Retail TouchPoints
APRIL 16, 2024
Walmart Canada , in partnership with TerraCycle , will mark Earth Day on April 22 with a “Fresh Start” Day of Action, encouraging consumers to recycle their used blue Walmart shopping bags as part of a free national recycling pilot program. TerraCycle will launder usable bags and donate them for reuse by charity partners; bags that are too damaged for reuse will be recycled into raw formats that manufacturers can use to make products such as plastic shipping pallets or outdoor furniture.
Inside Retail
APRIL 16, 2024
Kenny Wilson will step down as CEO of footwear brand Dr Martens by the end of this year. Chief brand officer Ije Nwokorie will succeed Wilson as the new CEO. To ensure a smooth transition, the company said Wilson and Nwokorie will be working together, with the latter becoming CEO before the end of the current financial year. Paul Maison, chair for Dr Martens, said Wilson’s contribution to the company has been immense, and he is confident that he will ensure an orderly transition.
Retail Wire
APRIL 16, 2024
Wawa, the convenience retail store chain, is marking its 60th anniversary with a special treat for coffee consumers. On Tuesday, April 16, customers can enjoy a free cup of coffee in any size to celebrate the milestone.
Inside Retail
APRIL 16, 2024
Apparel brand Superdry seeks to delist from the London Stock Exchange to deliver significant annual cost savings as it works towards a more financially sustainable operating model. C-Retail, Superdry’s subsidiary that owns its leasehold portfolio, is also launching a restructuring plan for its UK property estate and retail cost base. The company proposed an equity raise of up to €8 million (A$13.3 million) through an open offer or £10 million (A$19.4 million ) through a placing.
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Retail TouchPoints
APRIL 16, 2024
Aldi has retrofitted its Aurora, Ill. supermarket with cashier-free checkout technology powered by computer vision. ALDIgo, using technology from Grabango , tracks which items shoppers put in their carts; customers can then pay with a credit or debit card or the Grabango app at cashierless pay stations or they can use traditional manned lanes. “It’s exciting to see a checkout-free capability live in one of our stores,” said Eric Traxler, VP of IT at Aldi in a statement.
Inside Retail
APRIL 16, 2024
Modern consumers, especially those within the Gen Z age bracket, are becoming increasingly interested in shopping methods that differ from the traditional e-commerce model of a direct-to-consumer website or shopping online via big-box retailers. According to eMarketer, social commerce sales hit US$67 billion in 2023 and are expected to reach up to US$144.5 billion in 2027.
Retail TouchPoints
APRIL 16, 2024
Amazon is expanding the reach of its Amazon Live shopping content with the debut of a new interactive shoppable channel on the Prime Video and Freevee streaming TV services. The HSN-style, free ad-supported TV (FAST) channel will give consumers expanded access to the content and creators of Amazon Live, which debuted in 2016 on desktop, mobile and Amazon’s Fire TV devices.
Inside Retail
APRIL 16, 2024
A new report highlights how TikTok has grown to be a powerful tool for big and small businesses alike, revealing that more than 8.5 million Australians and more than 350,000 Aussie businesses are on the platform. The inaugural TikTok Economic Impact Report by Oxford Economics has found that in the last financial year, TikTok contributed $1.1 billion to Australia’s GDP and supported nearly 13,000 jobs.
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.
Retail Wire
APRIL 16, 2024
It's here: Ben & Jerry’s Free Cone Day. Established back in 1979, Free Cone Day has become a global sensation, eagerly anticipated by dessert enthusiasts everywhere.
Inside Retail
APRIL 16, 2024
Former MySale CEO Kalman Polak and ex-Catch beauty category manager Sarah Frazer are teaming up to launch an online space offering discounts and hard-to-find beauty brands. The website – Ontrendbeauty.com.au – is a response to consumer demand for the best big brand products for less, said Polak, co-owner of On Trend Beauty. “We know customers are paying too much at the checkout both online and in-store, and we know we can make a big impact on the beauty category.
Hyken
APRIL 16, 2024
I love seeing amazement in action. I was at the airport last week with a friend who accidentally spilled his soda. Within moments, an airport employee came over with a bucket and mop to clean up the spill. My friend apologized for making a mess, and the woman’s response surprised both of us. She said, “My name is Laura, and it is my pleasure to clean up your spill.
Retail Gazette
APRIL 16, 2024
Ted Baker became the latest high street casualty last month when the brand’s UK operator No Ordinary Designer Label called in administrators. It is one of several collapses reported so far this year following a record number of retail insolvencies in the year to January 31. Retail Gazette takes a look at the retailers that have gone bust so far in 2024.
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Retail Wire
APRIL 16, 2024
The HEPA filter market is on the rise, driven by concerns about worsening air quality.
Retail Gazette
APRIL 16, 2024
Next is set to open its new Westfield Stratford City store this Autumn after closing its existing location back in February. The fashion retailer is due to unveil a new 34,000sq ft unit on the centre’s first floor this September. It is unclear what concessions will be in store, but its previous Westfield Stratford branch included Lipsy and Victoria’s Secret.
Retail Wire
APRIL 16, 2024
Little Caesars Pizza has recently launched its latest offering, Crazy Puffs.
Shopping Center
APRIL 16, 2024
Charlotte, N.C. — Wegmans Food Markets Inc., a Rochester, New York-based grocer, plans to open a 110,000-square-foot store in Charlotte. Located along North Community House Road, the grocery store will be… The post Wegmans to Open 110,000-Square-Foot Grocery Store at Ballantyne Campus in Charlotte, North Carolina appeared first on Shopping Center Business.
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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 Wire
APRIL 16, 2024
The company was widely criticized for dominating the ticketing industry.
Retail Gazette
APRIL 16, 2024
Matalan is launching 17 new third-party brands across its site and extendi ng the range of sizes available across hundreds of lines. The fashion and home retailer said the move caters to consumers who increasingly want a seamless and hassle-free shopping experience, with all their favourite styles, brands , products and sizes available in one place.
Retail Dive
APRIL 16, 2024
A new line from Tiger Woods, LVMH's latest collaboration with Tyler, the Creator and indie brands are helping to bring the sport from performance wear to streetwear.
Retail Gazette
APRIL 16, 2024
JD Sports has unveiled its new global flagship store on the world-famous Avenue des Champs-Élysées in Paris. The sporting retailer said its new store will house the biggest brands and latest launches from JD ’s long-term brand partners including Nike, adidas, New Balance,Asics, The North Face and On Running , as well as featuring the brand’s latest innovations in digital technology and merchandising.
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