Fri.May 03, 2024

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New Ulta Beauty Initiatives Promote Well-Being for Women and Teens

Retail TouchPoints

The Ulta Beauty Charitable Foundation , a 501(c)(3) affiliated with the beauty retailer, is committing more than $3 million this year to nonprofit partners focused on the mental health and well-being of women and teens. The foundation’s mission is to reaffirm Ulta Beauty’s stance that beauty and wellness are intrinsically linked to mental health and emotional well-being.

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Social media overtakes paid search as world’s largest advertising channel

Inside Retail

Social media is now the world’s largest channel for advertising investment, with Western platforms growing the fastest driven by Chinese brands targeting US and European audiences. WARC Media said that social media has overtaken paid search in advertising investment and is forecasted to reach $247.3 billion this year, up 14.3 per cent from a year ago.

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Sony and Apollo Express Interest in $26B Paramount Buyout Amid Skydance Merger Talks

Retail Wire

Sony Pictures and Apollo Global Management have sent a letter to the Paramount Global board showing their interest in buying the company for around $26 billion.

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“We’ve got aspirations to be a global business”: SkinKandy CEO on growth drivers

Inside Retail

In the past 14 months, Australian piercing chain SkinKandy has opened 22 studios, bringing its current store count to 62, with another 10 locations set to open in the next three months. The company is going through what CEO Dain Friis describes as a “v ery rapid expansion ”. “We’ve had a look at the opportunities within the market globally. Two elements are really exciting and one is that there is a broader acceptance and normalisation of piercing as part of a fashion accessory and part of

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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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Save Mart Embraces Retail Media, Smart Carts with Expanded Instacart Partnership

Retail TouchPoints

The Save Mart Companies is building on its partnership with Instacart by implementing several in-store solutions in nearly all 200 Save Mart, FoodMaxx and Lucky locations. The California-based grocer will roll out Caper Carts, Instacart’s AI-powered smart carts, and FoodStorm, an order management system designed to power the retailer’s food service and catering experiences.

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Starbucks CEO Faces Challenges Amidst Stock Decline, Sales Drop

Retail Wire

Laxman Narasimhan, CEO of Starbucks Corp. (SBUX), finds himself in a tough spot with plunging shares and declining sales, just a year into his tenure.

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New Nintendo Theme Park to Open in Orlando

Retail Wire

It's set to open in 2025.

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Leveraging Non-Cash Incentives to Drive Employee Motivation and Productivity in SMBs 

Retail TouchPoints

In the competitive landscape of small and medium-sized businesses (SMBs), the quest to cultivate a motivated, engaged and productive workforce is crucial for sustainable growth and success. According to a study by the Small Business Administration (SBA), employee turnover costs small businesses in the United States an estimated $11 billion annually.

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Kentucky Derby Celebration Spots in Las Vegas and Goldbelly Home Delivery

Retail Wire

Las Vegas, though miles away from Louisville, gears up for the Kentucky Derby with a range of special offerings. From viewing parties to themed cocktails, the city joins the celebration of the sesquicentennial Run for the Roses. If you're a resident of Kentucky, you can get Ready for the Kentucky Derby with Goldbelly.

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Best Buy’s Commitment to LGBTQ+ Causes Questioned by NY State Comptroller

Retail TouchPoints

The office of New York State Comptroller Thomas DiNapoli has sent a letter to the top executives at Best Buy expressing concerns about the retailer’s support for inclusivity, specifically LGBTQ+ rights and equality. The letter was sent last month after a Securities & Exchange Commission (SEC) filing revealed that Best Buy offered to “screen” employee group donations to several LGBTQ+ nonprofits as a response to pressure from a conservative think tank, the National Center for Public Policy Re

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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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Norwegian Cruise Line: No Clothes, No Problem on ‘The Big Nude Boat’

Retail Wire

Clothing-optional vacations from Norwegian Cruise Line will start next year.

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Lee expands into golf with first-ever men’s range

Inside Retail

Lee has launched the Lee Golf Series, its first golf collection for men. The collection includes pants and shorts, which feature motion flex waistbands with shirt gripper technology. “We’ve been selling technology-infused casual apparel for years, and we know our customers love the versatility of our products across a wide range of wear occasions,” said Jimmy Shafer, SVP at Lee. “The Lee Golf Series expands this foundation as we looked to build a curated assortment that c

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Moderna COVID-19 Vaccine Sales Drop 91%

Retail Wire

Moderna's only product is the vaccine that became popular during the pandemic.

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Tesco Leverages AI to Gamify Loyalty Program Challenges

Retail TouchPoints

UK supermarket giant Tesco will use AI to provide personalized purchasing challenges to as many as three million members of its Clubcard loyalty program, offering them a chance to earn a maximum of £50 (approximately $62 USD) in Clubcard points. Beginning May 20, 2024 and lasting six weeks, participating members will receive 20 challenges that have been personalized just for them, ranging from “Spend £20 on our Summer BBQ range over the next six weeks,” to “Spend £10 on plant-based meals.

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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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EV Battery Tax Credit Rules Change in the US

Retail Wire

The U.S. government has made some tweaks to electric vehicle (EV) tax credits, possibly paving the way for more EVs to qualify for credits of up to $7,500. These tax credits range from $3,750 to $7,500 for new EVs, with a $4,000 credit available for used ones.

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Music retailer Sam Ash to close all stores

Retail Dive

The retailer, which has been in operation for 100 years, began store closing sales on Thursday.

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Apple’s Record-Breaking $110B Stock Buyback

Retail Wire

Apple Inc., one of the world's largest tech companies, has just made history with the largest stock buyback ever seen in the United States. The announcement comes as the tech giant's board approved an additional $110 billion in share repurchases.

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In its third bankruptcy, Rue21 plans to shutter all locations

Retail Dive

The apparel retailer massively downsized as it emerged from Chapter 11 in 2017. This time more than 540 stores will close for good.

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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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Asda pushes debt into next decade after £3.2bn deal

Retail Gazette

Asda has pushed its debt burdens into the next decade after refinancing more than £3.2bn of debt. The supermarket said the deal has postponed the majority of its maturities past 2030 and included the biggest sterling high-yield bond this year. It noted that it was also the second-largest sterling bond in the European leveraged finance market – only behind its original £2.25bn sterling bond tranches in 2021.

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Spotify Discreetly Shifts Lyrics Behind a Paid Subscription

Retail Wire

Spotify has supposedly scoped out a new method to shift its free users behind a paywall.

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The Weekly Closeout: Boscia plans to shutter website and L’Occitane takes steps to go private

Retail Dive

The clean skin care brand said it will shutter its website on May 31, while the beauty brand’s chairperson, Reinold Geiger, launched a buyout bid.

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Tala teams up with Selfridges for its bricks-and-mortar debut

Retail Gazette

Online athleisure brand Tala is teaming up with Selfridgess to take its first step into the physical world with shop-in-shops across its department stores. Shoppers will be able to purchase the brand from all four of the luxury department store’s locations, including Selfridges Oxford Street, a branded shop in Manchester Trafford, while it will also be housed in the women’s activewear department at Manchester Exchange Square and Birmingham.

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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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Olaplex reports Q1 sales declines across all channels

Retail Dive

The hair care company’s overall sales fell 13.1%, with its DTC segment down almost 16%, while net income dropped 63% compared to last year.

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Superdry boss: Not reinstating tax-free shopping is a ‘self-inflicted wound’

Retail Gazette

Superdry co-founder and chief executive Julian Dunkerton has warned that people are opting to travel to Europe instead of the UK to go shopping following the end of tax-free shopping. Dunkerton told The Times the decision to not reinstate the scheme that allows international visitors to reclaim 20% VAT is a “self-inflicted wound”. He claimed the international market was “being put off by not allowing VAT relief.

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Novo Noradisk Announces $6B Investment in Ozempic, Wegovy Amid Shortages

Retail Wire

The money will help meet increased demand for the drugs.

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In pictures: eveSleep launches first-ever ‘Bed Battle’ pop up in London

Retail Gazette

Online mattress retailer eveSleep has opened its first-ever pop up in London’s Southbank to celebrate the launch of its new wunderflip range. The weekend pop up ‘Bed Battle: Team Firm vs Team Soft’ is located at Gallery@Oxo and invites consumers to test out the new collection through several interactive activations to determine which mattress they prefer.

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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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J.C. Penney, country singer Walker Hayes to release limited-time collection

Retail Dive

Following its bankruptcy, the retailer has been improving its merchandise and technology infrastructure to resurrect its business.

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Clarks CEO Jonathan Ram exits after two years

Retail Gazette

Clarks chief executive Jonathan Ram has left the business after two years to “pursue other opportunities”. The footwear retailer said it has formed an interim executive committee to lead the business until it finds a replacement. Ram joined Clarks in April 2022 from US retailer HanesBrands, where he was the group president of global activewear since 2018.

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U.S. and China Talks On AI Could Have Far-Reaching Implications For the Future of Global Commerce

LS Retail

©iStock/William_Potter The high-level talks between the U.S. and China on artificial intelligence (AI) could have far-reaching implications for the future of global commerce, experts say. U.S. Secretary of State Anthony Blinken has announced that the two countries will conduct their first high-level talks on AI, emphasizing its growing importance. The discussions are poised to cover crucial aspects of AI technology and regulation, and the outcomes may influence regulatory frameworks, technology

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Tala teams up with Selfridges for its bricks-and-mortar debut

Retail Gazette

Online athleisure brand Tala is teaming up with Selfridges to take its first step into the physical world with shop-in-shops across its department stores. Shoppers will be able to purchase the brand from all four of the luxury department store’s locations, including Selfridges Oxford Street, a branded shop in Manchester Trafford, while it will also be housed in the women’s activewear department at Manchester Exchange Square and Birmingham.

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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.