Thu.Jul 18, 2024

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Universal Store Holdings forecasts annual sales to rise 9.7 per cent

Inside Retail

Universal Store Holdings expects higher sales for the fiscal year ending June 30, thanks to improved performance in the majority of its segments. The fashion retailer – which sells more than 100 ‘trend-led’ apparel, footwear and accessories brands including Champion, Perfect Stranger, Tommy Jeans, Thrills, and Wrangler – forecasts annual group sales to rise 9.7 per cent from last year to $288.5 million.

Wholesale 286
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GlassesUSA.com Leverages AI to Bring Online Eyewear Recommendations into Focus

Retail TouchPoints

GlassesUSA.com has long deployed a range of technologies, including computer vision and AR try-on technology, to streamline product discovery and provide better recommendations. Now the retailer has added its proprietary AI engine to facilitate online eyewear purchases with the “Pairfect Match AI” solution, which helps customers find frames suited to their unique facial structure and draws on the retailer’s stock of more than 10,000 frame styles.

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Australian retail groups vow to ‘tackle retail crime head-on’

Inside Retail

Australian retailers are calling for stricter laws and deterrents for retail crime , emphasising its negative impacts in the industry and the economy. At the 2024 Retail Crime Symposium in Melbourne, the soon-to-merge Australian Retailers Association (ARA) and the National Retail Association (NRA) highlighted opportunities for further collaboration in the sector to help businesses. “Good progress has been made to provide legislative protections for frontline workers, but the coverage is no

Shopping 274
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Solutions Designed for Retail Associates Need to Keep the Customer Experience in Mind

Retail TouchPoints

In an industry still struggling with a tight labor market, choosing which technology to arm store associates with becomes a critical decision. Today’s retail workers almost need to have superpowers — moving as fast as The Flash would be helpful given how many different tasks a retail worker performs each day — but adaptable, multi-purpose solutions can provide that extra burst of needed speed.

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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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As shoppers hunt for value, are retailers up to the task?

Inside Retail

Four in five Australian consumers are cutting down on something to save money as the cost of living crisis bites – and more than half of consumers in the country are looking for the best value when they shop. But are retailers up to the task of responding to these new pressures, and how are they adapting to remain competitive? The statistics come from the newly released Shopify Australian Retail Report 2024 ( available for download free here ).

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Prime Day Sales Top $14 Billion, with More Products Sold Than Ever Before

Retail TouchPoints

Amazon ’s 10th annual Prime Day was its biggest ever, with record-breaking sales over the 48 -hour member sales event and more items sold than on any previous Prime Day, according to the company. Helping to drive these banner results were millions of new Prime members worldwide, with a record-breaking number of customers signing up for Prime in the three weeks prior to the start of the sale on July 16, 2024, according to Amazon.

More Trending

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From Boomers to Gen Z: How FMCG Brands can Engage Specific Generations with Events and Experiences

Retail TouchPoints

It’s no secret that the FMCG industry is fiercely competitive. From laundry detergents to packaged foods, consumers have countless options available to them, and a strong brand is critical to cut through the noise. Events are one of the most powerful tools a brand can use to build emotional connections with its audiences, boost loyalty and ultimately drive sales.

Consumer 263
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Why toxic metals found in tampons is driving sales of sustainable alternates

Inside Retail

Earlier this month, the University of California, Berkeley published its findings after testing mainstream tampon brands for toxic metals – the results were alarming. According to UC Berkeley’s research, toxic metals including lead, nickel, mercury and arsenic are present in popular tampon products. However, for sustainable menstrual product brands like Hello Period, the most shocking part of UC Berkeley’s study was that it is the first of its kind to measure the presence of metals in tamp

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John Deere Rejects Support for ‘External Social or Cultural Awareness’ and ‘Diversity Quotas’

Retail TouchPoints

John Deere has joined fellow rural-oriented brand Tractor Supply in cancelling support for both progressive causes and diversity, equity and inclusion (DEI) principles. In a statement on X , the retailer said it would be auditing “all company-mandated training materials and policies to ensure the absence of socially motivated messages, while being in compliance with federal, state and local laws.

ATS 261
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Bud Light Drops to No. 3 Beer Brand as It Fights To Recover From Boycott

Retail Wire

Bud Light, once the U.S.’s longstanding beer sales leader, has dropped to No. 3 following a boycott of the brand that began last year.

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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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Petco Picks Five Below CEO as New Leader

Retail TouchPoints

Petco Health and Wellness Company has tapped retail industry veteran Joel Anderson as its new CEO. Anderson will take the reins from R. Michael Mohan, who has been serving as the interim CEO since the departure of Ron Coughlin in March 2024. Anderson was most recently CEO of Five Below , which has appointed Kenneth Bull as its interim President and CEO in the wake of Anderson’s departure.

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Dior and Armani investigated over alleged labour exploitation

Inside Retail

Luxury fashion houses Dior and Armani are being probed over allegations they used “Chinese factories” in Italy that underpaid and overworked their staff. Italy’s competition watchdog AGCM has launched an investigation into possible violations of the consumer code in the way the companies promoted and sold clothing and accessories. “In both cases, the companies may have issued untrue statements about their ethics and social responsibility, particularly regarding working co

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Olive Garden Owner Darden Restaurants To Buy Chuy’s for $605M

Retail Wire

The Tex-Mex chain restaurant will be added to Darden's large portfolio of brands.

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‘Leadership isn’t about being infallible’: Malin + Goetz CEO Bradley Horowitz

Inside Retail

Malin + Goetz CEO Bradley Horowitz has more than 25 years of experience in the beauty industry, working across a number of global brands. Here, he discusses his passion for skincare products, why hard work is still the most important way to succeed in your career and the challenges of finding the right work-life balance. Inside Retail : What do you think is it about the beauty industry that has led you to stay in the industry for as long as you have?

ATS 162
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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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KFC Announces Brand Partnership With Jamaican Olympic Athlete

Retail Wire

KFC is sponsoring Jaydon Hibbert, a triple-jump Olympic athlete.

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Adore Beauty books higher revenue as returning customers increase

Inside Retail

Adore Beauty witnessed higher revenue in the last fiscal year as the number of returning customers increased. The skincare and cosmetics retailer delivered annual unaudited revenue of $195.7 million in the year ending June 30, up 7.4 per cent. The company saw a record number of returning customers – 519,000, up by 5.8 per cent year on year. Moreover, active customers grew 1.6 per cent to 814,000.

Returns 147
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BISSELL Voluntarily Recalls 3.2 Million Steam Shot Cleaners

Retail Wire

BISSELL is voluntarily recalling several models of its Steam Shot Handheld Steam Cleaner due to safety concerns.

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Malin + Goetz CEO Bradley Horowitz on turning a brand into a lifestyle

Inside Retail

Bradley Horowitz is a legend within the beauty retail sector. With over 25 years of strategic, sales, marketing and management experience, Horowitz has worked for brands including Clarins, L’Oréal, and Amorepacific. The executive has built his reputation on understanding what the modern consumer is looking to purchase for their vanity table and medicine cabinets.

Wholesale 147
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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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Taco Bell’s Newest Menu Item: Cheesy Street Chalupas

Retail Wire

Taco Bell has introduced the Cheesy Street Chalupas, combining traditional street taco ingredients with cheesy chalupa shells, which the brand dubbed Quesalupas.

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How poor planning is costing retailers sales – and profits

Inside Retail

Significant market trends are impacting retail businesses today – the migration of consumers online, supply-chain challenges and the cost-of-living crisis to name just a few – but there is a more obvious reason many retailers are struggling. Working with retailers across Australia and New Zealand, Quantiful CEO Jamie Cormack has identified poor planning outcomes as one of the significant causes forcing retailers to contract and even close stores today.

Planning 147
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John Deere Scales Back DEI Efforts Following Conservative Criticism

Retail Wire

Farm equipment giant John Deere announced this week that it will be pulling back on some diversity, equity, and inclusion (DEI) efforts.

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Michael Hill expects higher sales in Australia, Canada

Inside Retail

Jeweller Michael Hill anticipates higher group sales in the last fiscal year on the back of better results in Australia and Canada. The company forecasts total sales to have grown 3.8 per cent to $641.4 million as its Australian segment sales rose 10.5 per cent to $359.7 million and Canadian segment sales increased 0.3 per cent to C$156.0 million in the year ended June 30.

Marketing 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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Jack in the Box & Deadpool Collaboration: What We Know

Retail Wire

The Jack in the Box collaboration with the upcoming movie offers special food promotions.

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Tapi Carpets edges closer to deal to snap up Carpetright

Retail Gazette

Carpetright’s largest competitor Tapi Carpets is moving closer to a deal to snap up its rival, potentially saving hundreds of stores and jobs. More to follow… Related Story As Carpetright puts administrators on standby, what went wrong?

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Amtrak Passengers Face Continued Delays From Extreme Weather

Retail Wire

Prolonged delays and cancellations during the summer months are all traced to extreme heat patterns

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Pret scraps free coffees under subscribtion shake up

Retail Gazette

Pret is ditching its free drinks perk and food discount for subscribers as it replaces its subscription scheme with a “new and simpler offer” The food to go chain revealed its Club Pret benefits are set to wrap up in September as it looks to provide “better value for everyone” Under the changes, subscribers will no longer receive five free barista made drinks per day.

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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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Shoppers find better deals this year as Prime Day fuels record $14.2B across e-commerce

Retail Dive

Consumers avoided big-ticket purchases, but steep discounts drew in back-to-school shoppers and others — and not just at Amazon.

Consumer 134
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Amazon Prime Day UK: day two sales rise 8% as total event sales hit £1.3bn

Retail Gazette

Sales during day two of the Amazon Prime Day event saw total UK online spend surpass £618m, according to Adobe Analytics. The sales represented a 8% increase on the £570m the retail giant raked in during the second day of last year’s event. The first 24 hours of this year’s Prime Day event saw £633.4m spent online, making it the biggest day for online shopping so far in 2024, with yesterday’s figures a close second.

Apparel 116
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#BeautyTok: How the Beauty Sector has Nailed Social Media Marketing

365 Retail

If you want actual examples of social media shaping consumer interests, look no further than the beauty industry, or more specifically, the glossy world of #BeautyTok. The hashtag has 5.4 million posts on TikTok at the time of writing, allowing influencers to share tips and recommendations with newbies and enthusiasts alike. These digestible yet informative clips have given the sector a bold new look.

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Jollyes launches nationwide free poo bag giveaway

Retail Gazette

Jollyes is giving away thousands of free poo bags as it teams up with local councils to encourage dog owners to ‘bag it and bin it’. The pet specialist is handing out 140 free ‘Power Poop’ rolls next Friday (26 July) to the first customers at the launch of its new Blackburn store, which opens at 10am. It will also give away 140 free poo bag rolls to the first customers shopping instore across its 100+ store estate on the same day.

Shopping 105
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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.