Retail TouchPoints
MAY 3, 2024
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.
Inside Retail
MAY 3, 2024
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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Retail TouchPoints
MAY 3, 2024
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.
Retail Wire
MAY 3, 2024
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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Retail TouchPoints
MAY 3, 2024
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
Inside Retail
MAY 3, 2024
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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Retail Wire
MAY 3, 2024
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.
Inside Retail
MAY 3, 2024
Brooks Running booked record revenue in the first quarter, representing a 9 per cent year-on-year increase and the highest quarterly result yet. The company’s e-commerce business soared 22 per cent with a remarkable 38 per cent growth in March alone. Australian revenue rose 38 per cent while China revenue surged 180 per cent. The company’s Europe, Middle East, and Africa e-commerce business grew by 10 per cent.
Retail TouchPoints
MAY 3, 2024
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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Retail Wire
MAY 3, 2024
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.
Inside Retail
MAY 3, 2024
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
Retail Wire
MAY 3, 2024
Clothing-optional vacations from Norwegian Cruise Line will start next year.
Retail Dive
MAY 3, 2024
The retailer, which has been in operation for 100 years, began store closing sales on Thursday.
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Retail Wire
MAY 3, 2024
Moderna's only product is the vaccine that became popular during the pandemic.
Retail Dive
MAY 3, 2024
The apparel retailer massively downsized as it emerged from Chapter 11 in 2017. This time more than 540 stores will close for good.
Retail Wire
MAY 3, 2024
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.
Retail Dive
MAY 3, 2024
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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Retail Wire
MAY 3, 2024
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.
Retail Gazette
MAY 3, 2024
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.
Retail Dive
MAY 3, 2024
Following its bankruptcy, the retailer has been improving its merchandise and technology infrastructure to resurrect its business.
Retail Wire
MAY 3, 2024
Spotify has supposedly scoped out a new method to shift its free users behind a paywall.
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Retail Dive
MAY 3, 2024
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.
Retail Gazette
MAY 3, 2024
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.
Retail Dive
MAY 3, 2024
Despite challenges across the home goods category, executives remained optimistic that demand will return.
Retail Gazette
MAY 3, 2024
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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LS Retail
MAY 3, 2024
©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
Retail Gazette
MAY 3, 2024
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.
Retail Wire
MAY 3, 2024
The money will help meet increased demand for the drugs.
Retail Gazette
MAY 3, 2024
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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