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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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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How To Drive Retail Results With Integrated Tech And UX Design

Speaker: Jennifer Wright and Nick Barron

Navigating the complexities of e-commerce requires more than just the right technology - It demands a holistic strategy that aligns platform capabilities with customer- centric design and marketing. This webinar will provide a roadmap for building a robust e-commerce strategy, guiding you through key decisions from platform selection to creating user experiences that convert, and leverage digital marketing to reach and retail customers.

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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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Starbucks Teams with Mercedes to Expand EV Charging Network

Retail TouchPoints

Starbucks is collaborating with Mercedes-Benz to bring the carmaker’s High-Power Charging stations to more than 100 coffee shops across the U.S. The first phase of the partnership includes co-located 400 kW electric vehicle (EV) chargers at Starbucks stores located along Interstate 5 — a critical West Coast travel corridor reaching from Canada to Mexico.

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More Trending

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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.

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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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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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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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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.

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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?

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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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A Blueprint for B2B Commerce

In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

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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.

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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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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.

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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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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

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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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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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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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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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Optimizing Frontend Delivery in Composable Commerce: The Buy vs Build Decision

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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.

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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.

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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.

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Breaking through barriers: Upwardly Global helps work-authorized immigrants secure meaningful U.S. employment

Cisco Retail

Cisco NGO partner Upwardly Global elevates U.S. immigrants who are searching for quality employment that matches their professional skills and experience. Our latest grant supports AI development to help streamline and improve the job search process.

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Innovation Fest: Summer of AI

Join Bloomreach at Innovation Fest: Summer 2024, a virtual event, to explore the future of personalized marketing and merchandising! Along with the company’s top product experts, CEO Raj De Datta will provide an exclusive look at the company’s latest AI innovations reshaping the omnichannel experience. Don’t miss out on this exciting opportunity to connect with fellow industry leaders and explore the latest trends in retail technology.

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Carpetright: More than half of stores at risk in Tapi deal

Retail Gazette

More than a half of Carpetright’s UK stores could be at risk of closure as the flooring specialist races to secure a possible rescue deal with rival Tapi. Some 150 of the retailer’s 272 stores are in near distance of a Tapi, raising questions of how much of the estate will be sold to Carpetright’s biggest rival, Retail Week reported. The retailer – which was founded in 2014 by Martin Harris, the son of Carpetright founder Lord Harris of Peckham, who is also a shareholder – has opened many of its

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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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Introducing the Coalition for Secure AI (CoSAI)

Cisco Retail

Announcing the launch of the Coalition for Secure AI (CoSAI) to help securely build, deploy, and operate AI systems to mitigate AI-specific security risks.

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Bassett Furniture temporarily shuts down manufacturing facilities following cyberattack

Retail Dive

Although customers can still place orders and purchase products, the furniture company’s ability to fulfill orders is currently impacted.

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Composable Commerce Reference Architecture 2024 Edition

Achieve more with your commerce with the help of Orium’s Composable Commerce Reference Architecture 2024 Edition. Presented in partnership with commercetools, Contentstack, and Google Cloud, this edition is packed with new insights and practical examples to help you navigate changes in digital commerce and construct an adaptable tech stack optimized for efficiency and scalability.