Outback, Carrabba’s, Fleming’s, and Bonefish Grill Closing 41 Locations
Retail Wire
FEBRUARY 27, 2024
Bloomin' Brands is closing 41 of its eateries due to loss in profits and costly improvements.
Tue.Feb 27, 2024
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Overall, retail employers fare well in gender pay gap – but there are exceptions
Inside Retail
FEBRUARY 27, 2024
The median gender pay gap in the retail trade sector is 7.1 per cent – significantly lower than the national industry-wide median of 19 per cent. The majority of Australian employers engaged in retail trade have a policy for equal remuneration, according to Workplace Gender Equality Agency (WGEA) data. Since the passage of the Workplace Gender Equality Act 2012, employers with 100 or more employees have been required to submit an annual report to the WGEA containing remuneration information.
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Macy’s Announces Plans To Close 150 Stores
Retail Wire
FEBRUARY 27, 2024
In a bid to rejuvenate its brand amidst shifting consumer preferences, Macy’s is undergoing a significant makeover with 150 stores set to close.
Accent Group calls time on The Athlete’s Foot franchise model
Inside Retail
FEBRUARY 27, 2024
Footwear business Accent Group has revealed it will end its franchise model for The Athlete’s Foot brand within five years and will not renew franchise agreements at their expiry. The multi-brand business reports its ongoing franchise acquisition strategy “has driven significant operational efficiency and growth for the business over the last six years”.
5 Ways You Can Win Faster with Gen AI in Sales
Advertiser: ZoomInfo
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.
Krispy Kreme Is Offering a Dozen Doughnuts for $2.29 on Leap Day
Retail Wire
FEBRUARY 27, 2024
To celebrate Leap Day this year, Krispy Kreme has something sweet in store for its customers.
Macy’s to Close 150 Nameplate Stores, Focus on Luxury and Small-Format Locations
Retail TouchPoints
FEBRUARY 27, 2024
Macy’s, Inc. has unveiled its Bold New Chapter strategy, signaling a major shift for the iconic department store retailer. Macy’s plans to close 150 underproductive nameplate stores — approximately 50 this year alone — and continue its expansion of smaller-format stores as it prioritizes investment in about 350 go-forward locations. Additionally, noting that its luxury banners have been outperforming other divisions, Macy’s will open about 15 Bloomingdale’s stores and at least 30 new Bluemercury
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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks
Retail TouchPoints
FEBRUARY 27, 2024
In the last several years, retailers have increased the speed with which they have built online and mobile app presence. With this evolution into digital sales and the increased use of data mining, retailers are facing unprecedented challenges in digital security. Cyberattacks and network outages can disrupt operations and erode customer loyalty. This article delves into the evolving threat landscape, examining the impact of these disruptions on retail operations and exploring proactive measures
SHEIN Scopes Out London IPO After US Pushback to Listing
Retail Wire
FEBRUARY 27, 2024
Online retailer SHEIN is scoping out the option of moving its initial public offering to London instead of New York due to challenges related to the listing in the U.S.
720-Store Pet Supplies Plus Partners with DoorDash for Deliveries
Retail TouchPoints
FEBRUARY 27, 2024
Pet Supplies Plus and DoorDash will offer same-day delivery of pet products from all 720 of the retailer’s stores. DoorDash already works with a number of retailers in the pet supplies vertical, including Petco and Choice Pet. “Since launching the Pets vertical in 2020, DoorDash has more than 400,000 pet products available for on-demand delivery,” said Fuad Hannon, VP of New Verticals at DoorDash in a statement.
44% of UK shoppers want best-before date discounts to help cut grocery bills
Retail Focus
FEBRUARY 27, 2024
With retailers removing best-before dates to reduce food waste, UK consumers still want supermarkets to offer discounts on goods nearing expiry, according to the latest data from Retail Insight , the leading provider of store operations execution software. With WRAP estimating the UK retail sector was responsible for 200,000 tonnes of food waste last year, supermarkets including Asda, Tesco, Sainsbury’s and Waitrose have already opted to remove best-before dates from fresh fruit and veg in a bid
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
How Boisson Benefits From — and Fuels — Non-Alcoholic Beverage Category Growth
Retail TouchPoints
FEBRUARY 27, 2024
The non-alcoholic beverage (NA) market is projected to reach $176.7 billion in 2024. With a compound annual growth rate of about 25% , this category is poised to reach $426.2 billion in revenue by 2028. Big name alcoholic beverage players such as Anheuser-Busch and Diageo will be fighting to get a piece of this pie by bringing new products to market, especially with U.S. wine and beer sales declining and spirit sales barely seeing growth.
Quintain welcomes Tian Tian Market to Wembley Park & sees footfall surge over Lunar New Year
Retail Focus
FEBRUARY 27, 2024
Asian grocery store, Tian Tian Market , which opened in Wembley Park earlier this month (February 2024), has reported a 30% surge in foot traffic over the Lunar New Year weekend, compared to average weekday figures. Tian Tian signed a 15-year lease with Quintain for the 4,268 sq. ft unit and has enjoyed footfall exceeding all expectations for the entire month of February.
Digital Brands Group Gets Physical to Clear Excess Inventory
Retail TouchPoints
FEBRUARY 27, 2024
Digital Brands Group, Inc. (DBG), which has a portfolio of luxury lifestyle brands such as Bailey 44, DSTLD and Sundry , plans to open its first retail store in Dallas. Located at the Simon Premium Outlet Mall in the Dallas suburb of Allen, Texas, DBG will use the store to clear excess inventory it acquired with its Sundry acquisition, which was completed January 2023.
Pricer and PaperShell in strategic partnership to drive environmental change within the electronics sector
Retail Focus
FEBRUARY 27, 2024
Pricer , a global leader of in-store automation and communication solutions, has today announced a strategic partnership with PaperShell , a high performance material innovation, in a move towards including more sustainable materials within Pricer’s Electronic Shelf Labels (ESLs). With original research of over 1,000 shoppers by Pricer showing that despite the cost-of-living crisis, 53% of consumers and 66% of Gen Z are now sustainably minded when shopping, meeting customers’ sustained demands
10 Ways to Leverage Buyer Signals and Drive Revenue
Advertiser: ZoomInfo
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.
Wawa Joins Retail Media Network Club
Retail TouchPoints
FEBRUARY 27, 2024
Wawa has launched Goose Media Network, the c-store chain’s retail media network (RMN), to give brands the opportunity to reach Wawa customers online as well as via the mobile app and videos played at the gas pump. Wawa worked with Publicis Groupe’s Publicis Sapient , Epsilon and CitrusAd to create the new offering. “Goose Media Network elevates convenience by delivering offers to customers right where they shop and allows us to build new connections with our customers and partners’ brands,” said
Ikea launches AI-powered mixed-reality experience
Inside Retail
FEBRUARY 27, 2024
Ikea Australia has launched Ikea Kreativ, a free mixed-reality experience powered by AI that provides customers with a simple and intuitive method to design and rethink their living environments. Customers can use Ikea Kreativ to scan their living space, remove some or all of the current furnishings, then drag and drop Ikea furniture and home decor to experiment with new styling options.
With its Newest Store, Washington Gets a Whiff of Olfactory NYC
Retail TouchPoints
FEBRUARY 27, 2024
Olfactory NYC has ventured inside the Beltway for its latest store, which will open in April. The brand, founded in 2017, has three stores in New York City and one in Boston. The Olfactory NYC store experience is designed to eliminate the guesswork behind choosing — or even creating — a signature scent. When visiting a studio, customers can smell and select from nine core gender-neutral fragrances that they can then further customize to their wants and preferences.
Core strategies retailers can use to help convert browsers into customers
Inside Retail
FEBRUARY 27, 2024
The path to purchase is complex. It is getting harder to turn visitors into buyers and consumers are overwhelmed with choices. However, by embracing personalisation and optimising the timing and content of communications, retailers can have a better chance than their rivals of converting visitors across any channel into repeat customers. Braze is a cloud-based customer engagement platform designed to help businesses of all sizes manage customer interactions to improve product experience, retenti
Modernizing the Frontend Experience on Salesforce Commerce Cloud
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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.
Customers Paying for Netflix Through Apple Could Lose Access to Their Accounts
Retail Wire
FEBRUARY 27, 2024
Netflix customers who pay through Apple's App Store could soon be directed to change their payment method to prevent losing access to their account on the platform.
What it takes to build the most sustainable shopping centre in New Zealand
Inside Retail
FEBRUARY 27, 2024
Bayfair Shopping Centre has been at the forefront of sustainability efforts in New Zealand for the last two decades. Now, the retail hub has been certified with a four-star green performance rating by the New Zealand Green Building Council and, in turn, become New Zealand’s most sustainable shopping centre. One of the key initiatives that warranted the centre’s green-star rating was its innovative waste management system, which diverts 56 per cent of waste from its 440-seat food court away from
Expedia To Cut 1,500 Jobs, or 9% of Its Workforce
Retail Wire
FEBRUARY 27, 2024
Travel giant Expedia is cutting 1,500 jobs, or roughly 9% of its workforce, throughout this year as it invests in the company's growth.
Crisis in UK retail: unpacking retail crime amidst losses of $4 billion
Inside Retail
FEBRUARY 27, 2024
The latest findings from the British Retail Consortium (BRC) cast a stark light on the escalating crisis of retail crime in the UK, painting a sobering picture of its impact on both businesses and communities. According to the BRC’s recent press release , incidents of retail crime have surged to alarming levels, with a myriad of offences ranging from theft and fraud to violence and organised crime.
Signal-Based Selling: How to Leverage 4 Key Buying Signals
Advertiser: ZoomInfo
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.
Lowe’s Beats Revenue Expectations Despite Declining Sales
Retail Wire
FEBRUARY 27, 2024
Shares of Lowe's have seen an uptick following the release of its fourth-quarter report.
Macy’s store closures: a necessary step or the wrong move?
Inside Retail
FEBRUARY 27, 2024
This week, Macy’s announced plans to shut down 150 “underproductive” stores, more than one-fifth of its department store assemblage, over the next three years. This also includes Macy’s San Francisco flagship in Union Square, a 400,000-square-foot property that has been one of the city’s iconic storefronts since its opening in 1947. The closures are a part of the retailer’s plan “to create a more modern Macy’s, Inc. that is expected to generate meaningful value for our shareholders in the
Apple Is Ending Its Electric Car Project
Retail Wire
FEBRUARY 27, 2024
Apple is reportedly winding down its electric car project, Special Projects Group, marking the end of the company's ambitious attempt to develop an EV to rival Tesla.
Navigating the World of CBD Vaping: What You Need to Know
Retail Focus
FEBRUARY 27, 2024
In recent years, CBD vaping has surged in popularity as a means of enjoying the potential health benefits of cannabidiol in a convenient and enjoyable manner. With its rise, however, comes a myriad of questions and considerations for those exploring this alternative wellness option. From understanding the basics of CBD to choosing the right vaping device and dosage, navigating the world of thc vape uk requires a nuanced approach.
Website Security Essentials: Protect Your Site and Strengthen Cybersecurity
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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.
Boeing Safety Report Reveals Deep-Seated Concerns
Retail Wire
FEBRUARY 27, 2024
Boeing, a well-known name in aviation, faces a critical evaluation from a recent report commissioned by the Federal Aviation Administration (FAA). Released on Monday, the report highlights substantial shortcomings in Boeing's safety culture, indicating a profound need for significant improvements.
Walmart trims store-to-home delivery costs by 20%
Retail Dive
FEBRUARY 27, 2024
The retail giant's CFO credited the improvements in part to "densifying the last mile" by delivering more packages per route.
Homebase plunges into the red after ‘challenging year’
Retail Gazette
FEBRUARY 27, 2024
Homebase racked up heavy losses last year, as it claimed customers had been “cautious” with their spending. The business reported an £84m loss in the year to January 2023, from a profit of £30m the year prior, according to accounts viewed by The Times. Sales also plummeted from £788m to £701m during the period. Describing 2022-23 as a “challenging year for Homebase and retail,” the retailer said: “Customers were cautious in their spending, our costs increased signif
The Paper Store revolutionizes tech to enhance customer experience, streamline operations
Retail Customer Experience
FEBRUARY 27, 2024
When The Paper Store ripped and replaced an aging POS it not only boosted the customer experience it reaped a long list of wins.
Activating Intent Data for Sales and Marketing
Advertiser: ZoomInfo
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.
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