Fri.Aug 23, 2024

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Consumer confidence stalls in August

Retail Gazette

Consumer confidence in the UK remained stable in August, despite people feeling less optimistic about the wider economy. The GfK Consumer Confidence Barometer came in at -13 this month, in line with the July reading and up from -25 in August last year. The measure for the forecast personal finances over the next 12 months jumped by three points to +6, which GfK client strategy director Joe Staton said could be due to the recent Bank of England interest-rate cut, “and hopes of more to come&

Consumer 111
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When it Comes to Retail Cybersecurity, Do Take It Personally

Retail TouchPoints

The 2024 Verizon Data Breach Investigations Report notes that there were 725 known data breach incidents in the retail sector for the year ending in late October 2023. An estimated 369 of those resulted in confirmed data disclosure. From ‘credential stuffing’ to phishing to exploitation of vulnerabilities, cybercriminals have many options to violate consumer data privacy, disrupt store and warehousing operations and execute denial of service.

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Subway Launches $6.99 Any Footlong Deal Nationwide

Retail Wire

Subway is rolling out a new promotion offering any footlong sub on its menu for just $6.99 from Aug. 26 through Sept. 8.

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Labor Regulator: Amazon is a Joint Employer of Its Third-Party Delivery Drivers

Retail TouchPoints

Prosecutors at the National Labor Relations Board’s (NLRB) have determined that Amazon is a joint employer of the third-party drivers it contacts with for package deliveries in California rather than a subcontractor, as the ecommerce giant has maintained. Regulators also agreed that Amazon engaged in unfair labor practices in its dealings with workers at its Delivery Service Partner (DSP) in Palmdale, Calif. by refusing to recognize the drivers’ decision to unionize with the Teamsters.

ATS 264
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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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Del Taco & Danny Trejo Join Forces on a New Menu Offering

Retail Wire

Del Taco has a new Al Pastor menu in collaboration with the "Machete" actor.

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TJX Buys 35% Stake in Dubai-Based Brands for Less

Retail TouchPoints

The TJX Companies will invest approximately $360 million to purchase a 35% stake in Brands for Less , an off-price apparel, toys and home fashions retailer with more than 100 stores in the UAE and Saudi Arabia as well as an ecommerce business. TJX expects the acquisition to close later this fiscal year, which ends in February 2025. The retailer, which operates the TJ Maxx, Marshalls, HomeGoods and Sierra brands, has ambitious growth plans.

Apparel 263

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TJ Maxx Creates Mentorship Program for Next Generation of Stylists

Retail TouchPoints

TJ Maxx has created Styled by Runway, an incubator program for five stylists that will provide them with premium designer fashions from the retailer’s luxury-level Runway shop. The months-long program includes a Runway at TJ Maxx shopping stipend to build the stylists’ closets, access to the retailer’s social community and mentorship from celebrity stylist Micaela Erlanger.

Jewelry 259
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Panera Has 5 New Bakery Items for Customers. Here’s What We Know About Them

Retail Wire

Panera has revamped its menu in recent months.

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Farfetch to close down software service in strategic shift

Retail Gazette

Farfetch is shutting down its white-label business unit, Platform Solutions, which provides online shopping tools for retailers. The move comes as the luxury fashion retailer focuses on its core luxury marketplace as its operating losses drag down its new owner Coupang’s profits. Farfetch Platform Solutions, which counted Reebok, Harrods, Paul Smith and Off-White as clients, offered commerce solutions and retail technology designed for use by brands and retailers.

Boutique 111
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7-Eleven Hawai’i Launches New Mobile App With Exclusive Deals and Services

Retail Wire

7-Eleven Hawai'i has unveiled a new mobile app that aims to increase customer convenience and engagement. But there's one caveat—the app is only available across all of the 67 7-Eleven stores in O'ahu, Maui, Kaua'i, and Hawai'i Island.

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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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John Lewis reveals top 10 Christmas 2024 toys

Retail Gazette

John Lewis has revealed its top ten toys for Christmas 2024 as it gears up for the much anticipated golden quarter. The retailer said customers have already started thinking about the holiday period, with over 1,000 online searches recorded on its website so far this month. Its top picks, which range from £14.99 to £250, focus on togetherness with all toys designed to play with friends or family and encourage imaginary play and escapism.

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Jason and Kylie Kelce ‘Wing It’ at Wawa for New Back-to-School Promotion

Retail Wire

Jason Kelce and his wife Kylie are learning how to "wing it" as their kids go back to school with help from Wawa.

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John Lewis to help staff and customers following The Floor Room’s collapse

Retail Gazette

John Lewis has stepped in to support former employees and customers tied to its in-store The Floor Room concessions, following its collapse earlier this month. The flooring retailer, which traded from 34 of John Lewis’ department stores, went into administration at the start of the month , resulting in 200 job losses. The Carpetright sister brand opened concessions last year and staff from the high street retailer were transferred across to the Nestware-owned business.

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Peloton Adding Activation Fee for Customers Buying Used Equipment

Retail Wire

Peloton announced a new fee to help capture revenue lost from equipment sales in the secondary market.

Marketing 130
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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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SMEs Face Unique Cross-Border Compliance Hurdles

LS Retail

©iStock/Maximusnd Unlike their larger counterparts, SMEs often lack dedicated tax departments or adequate resources to devote to compliance efforts. Many rely on a single financial professional or a small team to handle all aspects of their finances, including increasingly complex international tax obligations. The bottom line is that cross-border compliance complexity impacts SME's decision to enter new markets due to customs duty and import calculations, HS and tariff code classification, trad

Finance 99
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Peloton Adding Subscription Activation Fee for Customers Buying Used Equipment

Retail Wire

Peloton announced new fees to help capture revenue lost from equipment sales in the secondary market.

Marketing 130
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Mobile shopping forecast to drive over half of online holiday sales: report

Retail Dive

With more people shopping on mobile devices, a “tipping point” is on the horizon with consumer behavior, according to Adobe Analytics.

Shopping 123
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Alyson Hannigan Partners With Kevin’s Natural Foods To Alleviate Back-to-School Stress

Retail Wire

As the back-to-school season intensifies, Kevin's Natural Foods has teamed up with actress and mother Alyson Hannigan to tackle what they call, "Irritable Parent Syndrome" (IPS).

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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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Lipton Ice Tea launches 90s inspired clothing collaboration ‘That Summer Feeling’ with creator-founded streetwear brand Cruel Pancake

A1 Retail

Lipton Ice Tea® announces its first ever fashion venture with the launch of ‘That Summer Feeling’, a vibrant and exclusive 25-piece clothing collection that blends Cruel Pancake’s bold designs with Lipton’s refreshing brand identity The partnership with the creator-founded streetwear brand Cruel Pancake underlines Lipton Ice Tea’s commitment to creator-first marketing, supported by an influencer gifting strategy and creator-attended launch party.

Fashion 97
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Fast-Casual Restaurant Cava Crushes Earnings Expectations in Q2 2024

Retail Wire

Cava's new grilled steak propelled same-store sales way above what analysts predicted.

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Urban Outfitters sees return to ‘pre-COVID behavior’ as sales slow in recent weeks

Retail Dive

The apparel conglomerate’s CEO said that, starting in July, already careful shoppers grew even more selective, which could be a new reality.

Returns 112
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Gap Partners With Troye Sivan To Drop Fall Line With a ’90s Twist

Retail Wire

The fall denim drop leans into a decade when baggy jeans were all the rage.

Apparel 130
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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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Target exec says GenAI tool is boosting worker efficiency

Retail Dive

The chatbot, which helps Target’s team members resolve on-the-job challenges, is making it easier and faster to assist customers, COO and CFO Michael Fiddelke said.

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Myth-Busting Assurance: Device-Centric vs. Service-Centric and Why Both Are Key

Cisco Retail

This blog compares user experience insights offered by device-level vs. service-level assurance. Learn which approach to assurance can help you gain a valuable customer-centric view.

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Ace Hardware sales up 3% as it leans into stores

Retail Dive

The retailer debuted its Elevate Ace store concept in the quarter and is on track to open 200 stores by the end of the year.

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Shein finds child labour cases at supplier factories

Retail Gazette

Shein has said it found two cases of child labour at suppliers last year. The fast fashion giant said it temporarily suspended orders from the suppliers concerned until they had addressed the issue, the BBC reported. The revelation came as Shein considers an IPO in London , having grown rapidly over the last few years as shoppers look for affordable fashion amid the cost-of-living crisis.

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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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Amazon launches annual grocery subscription plan

Retail Dive

The yearly option’s debut comes just a few months after the company rolled out its monthly subscription offering.

Planning 117
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Burberry faces FTSE 100 demotion as shares fall

Retail Gazette

Burberry is facing a demotion from the FTSE 100, ending its 15-year stay on the London Stock Exchange’s blue-chip gauge. Shares in the luxury retailer have slumped by a third over the past three months following an industry-wide slowdown in demand and a stalled brand revamp, Bloomberg reported. The ongoing challenging market conditions have sent the retailer tumbling down the market-value rankings ahead of Tuesday’s quarterly announcement of provisional changes to the index.

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The Weekly Closeout: Amazon’s October sales event returns and Hollister goes back to school

Retail Dive

The e-commerce giant is prepping for its unofficial holiday kickoff event, while the apparel brand launched a collection featuring over 30 U.S. universities.

Returns 102
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New B&Q Local Brighton Store opens its doors

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! B&Q, the UK’s leading home and garden improvement retailer has today (Friday 23 August) opened its doors to its new B&Q Local Brighton store which is located on North Street (143 North Street, Brighton and Hove, BN1 1RE).

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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.