Tue.Oct 29, 2024

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Esprit U.S. Subsidiaries File for Bankruptcy

Retail TouchPoints

Esprit has filed for bankruptcy protection for its U.S. subsidiaries, Esprit US Distributions Ltd. (USDS) and Esprit US Retail Inc. (USRI), according to Fashion United. The move follows Esprit’s bankruptcy filings for its European businesses in May 2024 , for the second time in four years, citing “extremely high costs due to inflation, interest rates and energy prices, the after-effects of the coronavirus pandemic and the consequences of international conflicts.

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Woolworths books higher sales in fiscal first quarter

Inside Retail

Woolworths Group enjoyed higher sales in the fiscal first quarter brought by higher revenue across all its segments. The group’s sales grew 4.5 per cent to $18 billion as its Australian food segment increased 3.8 per cent to $13.6 billion and Australian B2B segment rose 6.9 per cent to $1.47 billion. Its New Zealand food segment went up 1.4 per cent to $1.93 billion, while W Living soared 17 per cent to $1.36 billion, reflecting its acquisition of Petstock in January.

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HelloFresh Celebrates ‘Friends’ 30th Anniversary With ‘Rachel Green’s Trifle’ Kit

Retail Wire

HelloFresh is the latest company to celebrate 'Friends.

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Is a large store network the key to success? Mosaic and Premier can’t agree

Inside Retail

The events of this week have brought the state of bricks-and-mortar in Australia’s rag trade into focus. If we let it, the voluntary administration of Mosaic Brands can show us the downside of having a large store network while the sale of Premier Investments’ Apparel Brands can show us the upside. The role of bricks-and-mortar sometimes gets lost by investors, shareholders and executives when examining the balance sheets of these rag trade giants.

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Enterprise ABM Marketing Tools: A Marketer's Guide

Savvy B2B marketers know that a great account-based marketing (ABM) strategy leads to higher ROI and sustainable growth. In this guide, we’ll cover: What makes for a successful ABM strategy? What are the key elements and capabilities of ABM that can make a real difference? How is AI changing workflows and driving functionality? This Martech Intelligence Report on Enterprise Account-Based Marketing examines the state of ABM in 2024 and what to consider when implementing ABM software.

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Woman Sues JetBlue for Breaking Tooth on Frozen Treat

Retail Wire

A woman filed a lawsuit against the airline, saying she was served a frozen solid ice cream sandwich during a transatlantic flight.

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Perfect Stranger drives Universal Store’s revenue up 19.3 per cent

Inside Retail

Universal Store Holdings enjoyed significantly higher direct-to-consumer sales in the first 17 weeks of the fiscal year, with Perfect Stranger leading the growth. The group’s D2C sales surged 19.3 per cent year on year, with Perfect Stranger soaring 111.1 per cent. Universal Store sales increased 15.5 per cent while Cheap Thrills Cycle jumped 7.4 per cent.

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More Trending

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British Airways Becomes Latest Airline To Suspend Flights to Israel Until March 2025

Retail Wire

British Airways is acting out of an abundance of caution.

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Marks & Spencer to Deploy Changing Room Self-Checkout in 100 Stores by 2028

Retail TouchPoints

Marks & Spencer plans to install self-checkout POS stations in the changing rooms in its 180 clothing stores, according to the Telegraph and other news outlets. The UK retailer already has deployed the changing room checkouts in 28 refurbished stores, including its Fosse Park flagship in Leicester, and plans to have the technology installed in more than 100 stores by 2028.

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First Watch Brings in a New ‘Double Decker Taco’ as Taco Bell Reportedly Ushers It Off Its Menu

Retail Wire

First Watch, a breakfast, lunch, and brunch restaurant that is slowly opening locations nationwide, has joined the Double Decker taco craze first launched by Taco Bell by unveiling its own take on the popular treat.

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4 Rules for Maximizing Creator Investments from Top Influencer Your Rich BFF

Retail TouchPoints

Despite brief blips like the post-pandemic “deinfluencing” phase and intermittent conversations about “influencer fatigue, ” influencer, or as it’s now more commonly called, creator marketing is continuing to chart a steady path of growth. Valued at nearly $128 billion in 2023, Coherent Market Insights predicts that the creator economy will reach $528 billion by 2030.

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The Evolving Retailer's Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto

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

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7-Eleven To Close 444 Stores, Open 500 New Stores, and More

Retail Wire

Seven & i Holdings Co., Ltd. has released a presentation outlining its future plans.

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Hilco, TPG Form Joint Venture to Acquire Struggling Brands, Beginning with Bebe and Brookstone

Retail TouchPoints

Financial services company Hilco Global and asset management firm TPG Angelo Gordon have formed a new joint venture (JV), with the goal of acquiring and financing consumer brands and IP in partnership with brand management firm Bluestar Alliance. Just last month, Bluestar acquired luxury streetwear brand Off-White from LVMH , and one of the JV’s first moves will be to co-invest an undisclosed amount in the Off-White brand.

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PayPal Reports Strong Financial Results for Q3 2024

Retail Wire

PayPal earnings per share beat analysts' expectations for the third quarter of 2024.

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A science-based framework for crafting remarkable physical retail spaces

Inside Retail

Seeing your physical retail as your most manageable, tangible and measurable channel has never been more important. The ability to meet a customer regardless of where that person is on their path to purchase with you has always been easier and more effective in-store than online. Not only will a strong physical presence increase conversion online by up to 30 per cent, it will always outperform when it comes to conversion, with the ability to turn on more senses, spark emotions and give immediate

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4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. The reason for its rise? AI increases teams’ productivity by predicting and automating actions that require manual effort. In other words, the research that takes reps hours, AI can do in seconds. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data.

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JPMorgan Chase Suing Customers for Check Fraud After ‘Infinite Money Glitch’

Retail Wire

In four civil lawsuits filed in three federal courts, banking behemoth JPMorgan is demanding the return of money allegedly withdrawn from Chase ATMs through a technical error collectively called the “infinite money glitch.

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Liv Eat opens first South Australian restaurant

Inside Retail

Tasmanian-born healthy-eating restaurant chain Liv Eat has unveiled its first restaurant in South Australia. Liv Eat has 18 restaurants in its network, predominantly across Tasmania , with restaurants at Melbourne and Sydney Airports, and now Adelaide. The Pulteney Street, Adelaide, store is helmed by franchisee Bec Noble. She brings more than 25 years of hospitality experience to her new role, including 21 years as a restaurant general manager with Yum!

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Target’s Thanksgiving Meal Is $5 Cheaper Than 2023

Retail Wire

Target is helping families get their Thanksgiving meals on the table faster, cheaper, and with less stress.

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The importance of an optimised technology stack for retailers

Inside Retail

In today’s fast-paced retail environment, having the right technology stack is no longer just an advantage – it’s a necessity. As businesses strive to meet customer demands for speed, convenience, and personalised service, an optimised technology stack enables retailers to streamline operations, enhance customer experiences, and scale effectively. Among the essential components of a retail tech stack is a powerful shipping and logistics solution like ShipStation, which stands out due to its exte

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Modernizing the Frontend Experience on Salesforce Commerce Cloud

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.

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Sprite’s Winter Spiced Cranberry Flavor Makes a Festive Comeback

Retail Wire

In anticipation of the holiday season, Sprite has confirmed the return of its highly sought-after Winter Spiced Cranberry flavor.

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‘Click, Try & Collect’: The Iconic unveils new physical concept

Inside Retail

The Iconic has launched a Hubbed concept store at the new Martin Place metro station, featuring a ‘Click, Try and Collect’ shopping experience. Customers can now check out using the Hubbed store by selecting ‘Pick Up’ from the delivery menu and choosing Hubbed Martin Place Metro. They can also try on outfits and return orders at the venue.

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Smoked Salmon From Costco Recalled Amid Listeria Contamination Concerns

Retail Wire

Certain smoked salmon products sold at Costco have been recalled over a possible listeria contamination.

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Avon mulls franchise stores and widens tie-up with Superdrug

Retail Gazette

Avon is mulling more franchise stores as it expands its physical retail partnership with Superdrug across the UK. The cosmetics company’s global chief executive Kristof Neirynck said it was seeking to expand its standalone shops throughout the UK run by Avon sales representatives on a franchise model, Retail Week reported. Additionally, Avon has expanded its tie-up with Superdrug in the UK, with its products set to be sold in 650 of 830 of its stores by the end of 2024.

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How to Create Sales Email Sequences That Convert

Modern go-to-market teams know it takes more than one email to break through the noise. Multiple touchpoints means more ways to get your pitch right — and, potentially, more ways to be wrong. The good news? Once you know how to write compelling, one-off emails to entice prospective customers, you can easily do the same across a short sequence of emails.

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West Ham United launch festive pop-up at John Lewis, Westfield

Retail Focus

Christmas came early for some West Ham United supporters earlier today, when the Club opened its retail pop-up shop at John Lewis, Westfield, Stratford. Shoppers in John Lewis on Tuesday lunchtime were treated to a surprise launch, attended by Club Ambassadors James Collins and Marlon Harewood, alongside Hammers fan Bianca Westwood! The trio, along with Club mascots Hammerhead and Bubbles, were in town to mark the official opening of the West Ham United retail pop-up unit at the John Lewis branc

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Big 4 supermarkets face £200m blow from National Insurance hike

Retail Gazette

Britain’s biggest supermarkets face paying an extra £200m in National Insurance contributions as the Chancellor is set to unveil the hike in the Budget tomorrow. Tesco, Sainsbury’s, Asda and Morrisons could be hit with an incremental tax bill from a two-percentage point hike in employer National Insurance contributions, Sky News reported. One analyst estimated that Tesco, which employs around 300,000 people in the UK, could be facing £75m added to its bill.

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Crocs lowers outlook as Heydude continues to drag down revenues

Retail Dive

The company is working to build Heydude’s brand awareness and momentum through influencer partnerships after a 17% revenue drop in Q3.

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Lindt to open central London flagship next year

Retail Gazette

Lindt is set to open a new central London flagship under the Piccadilly lights next year. The chocolatier described the store as “the first-of-its-kind in the UK” which will open in the spring. Lindt & Sprüngli UK & Ireland D2C and ecommerce director Faythe King said: “We are thrilled to bring the exquisite taste of Lindt Chocolate to the heart of London, offering a unique, enchanting experience for chocolate lovers – something truly unique to the UK.

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Website Security Essentials: Protect Your Site and Strengthen Cybersecurity

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.

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Creating Trust and Managing Availability: Navigating Price Sensitivity and Stock in the Omnichannel Era

Wiser

For today’s consumers, price and availability aren’t just practical considerations, they are foundational elements of trust. As shoppers seamlessly transition between online and in-store experiences, they expect consistency in pricing and reliable information about product availability. However, our recent surveys highlight that many brands and retailers are still grappling with discrepancies and stock issues, which can erode consumer confidence and loyalty.

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5 Strategies to Strengthen Your Retail Business for the 4th Quarter

Retail Smart Guys

The fourth quarter is a pivotal time for retailers. Is your business prepared? Here are five strategies to ensure a successful year-end! #1 Develop a Comprehensive Marketing Plan Create an extensive marketing schedule that highlights key selling opportunities and seasonal promotions. Focus on defining your store’s unique selling proposition, messaging, and branding to effectively engage potential customers. #2 Optimize Your Inventory Management Anticipate increased foot traffic by assessing inve

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5 retail horror stories of 2024

Retail Dive

From Youthforia’s problematic foundation shade range to Foxtrot’s abrupt shuttering, retailers have been the subject of some scary stories.

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Enhancing Cybersecurity Skills in the U.S. Military and Department of Defense: The Cisco Winning Path to Certification

Cisco Retail

Discover how Cisco's specialized training programs can equip military personnel with the essential cybersecurity skills needed to protect our nation's digital infrastructure.

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Foundational ABM Building Blocks

Account-based marketing (ABM) is a key strategy for driving sustainable growth. Today, many B2B companies use ABM teams or technologies to make sales. But getting a program off the ground successfully doesn’t have to be a daunting task. Watch this webinar with Rachael Foster, Director of Account-Based Experience at ZoomInfo, and Dan Dolph, Manager of Account-Based Experience at ZoomInfo.