Mon.Aug 26, 2024

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How Retail Media is Transforming the Grocery Retail Industry

Tokinomo

Retail media has become increasingly influential in the grocery sector, revolutionizing the way brands connect with consumers. With advancements in technology and the shift towards digital platforms, retail media has transformed the way products are marketed and sold. In this article, we will explore the definition and role of retail media in the grocery industry, its influence on consumer behavior, its impact on sales, the rise of digital retail media, and future trends to watch out for.

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Coles delivers higher net profit amid increase in sales

Inside Retail

Coles saw its profit slightly grow on the back of higher revenue in the last fiscal year, amid the renewal and opening of new stores. The supermarket chain’s net profit grew 1.8 per cent to $1.12 billion as group sales rose 5.1 per cent to $43.57 billion. Supermarket revenue increased 6.2 per cent to $39.04 billion while liquor revenue climbed 2.3 per cent to $3.69 billion.

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Yahoo Expands Commerce Media Reach with Planet Fitness Partnership, New Hire

Retail TouchPoints

Yahoo Demand-Side Platform (DSP) has announced two strategic partnerships to expand its reach in commerce media and hired retail media veteran Mike Merna as Senior Director, Commerce Media Specialist Lead. The new partnerships — with PF Media Network , the media arm of Planet Fitness , and Rippl , the data and media network of Bridg — will bring a host of new audiences to Yahoo advertisers.

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Wendy’s Is Reportedly Launching SpongeBob SquarePants Krabby Patty Burger

Retail Wire

A new report suggests that Wendy's is launching a Krabby Patty Burger in collaboration with the popular cartoon SpongeBob SquarePants.

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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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Unboxing the Future: How Connected Packaging Strengthens Brand Consistency

Retail TouchPoints

Today’s competitive retail environment has brands facing a dual challenge — creating cohesive omnichannel experiences and engaging with spend-conscious consumers who thoroughly research their purchases. To thrive in this landscape, successful CPG and retail brands are taking a proactive approach to put the power to connect, share information and provide brand-aligned experiences directly into consumers’ hands with connected packaging.

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Vans To Host Block Party in Brooklyn Celebrating Skate Community

Retail Wire

In a fun announcement, Vans is set to host an all-day block party at Vans Skate Space 198 in Bushwick, Brooklyn, on September 7, coinciding with New York Fashion Week. The event, aligned with Vans' "Always Pushing" ethos, will feature skate jams, free skate lessons, and an "Off the Wall" community market.

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More Trending

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Target’s 4-Word Core Strategy Aims To Win Over Customers From Walmart

Retail Wire

It comes down to a four-word strategy that the brand is implementing to woo customers from Walmart.

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New Diane von Furstenberg CEO to Bring Operations Back In-House

Retail TouchPoints

A new CEO has quietly taken the helm at Diane von Furstenberg , and under this new leadership the fashion label plans to bring its operations back in-house, multiple sources report. Since 2020, the company has outsourced its design, production, marketing and distribution to Chinese licensee Glamel. Former Valentino , Armani and Prada executive Graziano de Boni took the helm at DVF in October 2023, and since that time has been “immersing myself into the history of DVF,” he said in a statement.

Fashion 259
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Starbucks’ New CEO Brian Niccol Slammed for Seattle Private Jet Commute

Retail Wire

The new Starbucks CEO said he'd be taking a "super-commute.

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Why Heroes & Villains Prioritizes Fan Experience Over Merch Sales at New York Comic-Con

Retail TouchPoints

New York Comic-Con is the place where members of all fandoms can come together and meet their heroes. (They can even dress like them!) The 2023 installment attracted 200,000 attendees, making it the largest comic convention in the U.S. — and a prime opportunity for vendors to drive brand awareness and sales. For Heroes & Villains , a fan-first destination for apparel and accessories, NY Comic Con has become a pillar event for bringing its brand promise to life.

ATS 257
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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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Here’s Everything We Know About Krispy Kreme & Dr Pepper’s Doughnut Collaboration

Retail Wire

This is the first time that Krispy Kreme and Dr Pepper have teamed up.

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Court reduces Michael Hill’s liability in breached sales agreements case

Inside Retail

Michael Hill International said that the NSW Court of Appeal has reduced the jeweller’s liability related to its three breached sales agreements with paper bag supplier Gispac. Exclusive of interest, Michael Hill’s liability for damages has been reduced from $2.3 million to $359,858. The court also ordered Gispac to pay Michael Hill’s appeal costs, but the initial trial costs, which the court has yet to further determine.

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Chick-fil-A Is Launching a Streaming Network. Here’s What We Know About It

Retail Wire

Chick-fil-A is entering the streaming network wars.

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Lovisa’s net profit rises amid global expansion

Inside Retail

Lovisa Holdings booked higher net profit amid a strong trading performance and global expansion in the last fiscal year. The company’s net profit grew 20.9 per cent to $82.4 million, while revenue soared 17.1 per cent to $698.7 million. The jewellery and accessories retailer ended the fiscal year with 900 stores globally after opening a net 128 new stores., including 19 in the US, 18 in France, and 13 in Australia.

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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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Dove and Tennis Athlete Emma Navarro Team Up

Retail Wire

Dove has announced a partnership with emerging tennis player Emma Navarro, who will support the brand’s "Body Confident Sport" program designed to enhance self-esteem and body confidence among young female athletes.

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How Sephora reflects broader challenges facing Western beauty brands in China

Inside Retail

LVMH-owned beauty giant Sephora is reportedly carrying out a significant workforce reduction in China, a move aimed at mitigating financial losses in the challenging market. The company plans to lay off approximately 4000 employees, which represents 10 per cent of Sephora China’s total workforce. Jaques Roizen, MD Consulting at Digital Luxury Group, said Sephora’s primary challenge lies in its value proposition as a one-stop-shop for cosmetics in a market where consumers have the convenien

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Batteries Plus Announces Major Incentives for New Franchisees in 2024

Retail Wire

Batteries Plus has unveiled a substantial incentive package with a value of over $107,000 to attract new franchisees who commit to opening a store by the end of 2024.

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‘Demure’, ‘brat’ and internet virality’s impact on retail

Inside Retail

This northern hemisphere summer, retailers and consumers have been all over the ‘ brat ’ aesthetic, from neon-green marketing campaigns to curated, indie-sleaze product selections. But as ‘Brat Summer’ slowly begins to cool down, some are already embracing a new social media trend, one that is very demure and very mindful. On August 2, Jools Lebron posted her first viral ‘demure’ video, explaining how she styled her hair and makeup in a “very demure, very mindful” manner and encouraged her viewe

Marketing 130
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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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Dream Pairs Unveils 2024 Fall/Winter Sneaker Collection

Retail Wire

Dream Pairs is launching its 2024 Fall/Winter sneaker collection, promising exceptional quality with trendy fashion.

Fashion 130
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Why Sacha Laing makes sense as CEO in Adore Beauty’s bricks-and-mortar era

Inside Retail

For over two decades, Melbourne-based Adore Beauty has operated online only, but now the beauty retailer is investing in physical concept stores. On Monday, alongside its full-year results for FY24, the business announced that it has signed two leases and that more concept stores are on the horizon. “The strategy behind the brick-and-mortar retail is really about building brand awareness, ” Tamalin Morton, Adore Beauty’s outgoing CEO, told Inside Retail on a call for investors and analysts on Mo

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Walmart Recalls Apple Juice Due to Elevated Arsenic Levels

Retail Wire

The Food and Drug Administration has issued a recall of Great Value apple juice sold by Walmart.

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Nearly 40% of consumers return an online purchase ‘at least’ once a month: report

Retail Dive

The majority of consumers are open to exchanges or store credit instead of full refunds if the returns process is easy, according to Narvar.

Returns 131
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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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Ikea launches secondhand peer-to-peer marketplace

Retail Gazette

Ikea has launched a peer-to-peer marketplace for customers to sell their unwanted furniture to each other amid the rise in demand for secondhand goods. The platform, Ikea Preowned, will first be tested in Madrid and Oslo until the end of the year with the aim of rolling it out globally, The Financial Times reported. Jesper Brodin, chief executive of Ingka, the main operator of Ikea stores, told the publication: “We are in a place in Ikea where we can do more advanced and cool stuff.

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Embark on Your Data Mesh Journey With MuleSoft

Mulesoft

What do a boutique shop and data mesh have in common? Boutique shops carry specific niche items catered to targeted clientele. They know their products well and consistently deliver a personalized shopping experience for their customers. In the event of product problems, you know exactly who to address for a resolution. You may even request […] The post Embark on Your Data Mesh Journey With MuleSoft first appeared on MuleSoft Blog.

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Frasers Group seeks approval for £585m private share buyback

Retail Gazette

Frasers Group is seeking approval for majority shareholder Mike Ashley to cash in £585m of shares, which could be bought back by the company in a private deal. The Sports Direct owner said it wanted permission to buy back the shares privately from Ashley through one or more transactions at the market price at the time, The Guardian reported. The listed retail group said its directors “will only exercise the power to conduct off-market purchases if they conclude at the relevant time it is in the

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With new leaders and a new plan will Beyond’s ‘gallery of brands’ succeed?

Retail Dive

The company is leveraging Bed Bath & Beyond’s deep name recognition and plans to develop a gallery of retail brands ranging from luxury to off-price.

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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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Fortifying the future of Security for AI: Cisco Announces intent to acquire Robust Intelligence

Cisco Retail

Cisco announces a significant step in securing the AI-driven enterprise with intent to acquire Robust Intelligence, Inc., a trailblazing company at the forefront of AI security solutions.

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Purple lays off corporate staff as it plots factory closures

Retail Dive

The mattress retailer cut an unspecified number of jobs this month and is closing two manufacturing sites in Utah.

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Celebrating Women’s Equality Day: Innovating for Inclusion

Cisco Retail

As we celebrate Women's Equality Day on August 26th, it's important to consider and reflect upon the incredible potential that lies within each woman when given the right tools and opportunities.

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Today in Global Small Business: What Are Tariffs and Why Are They Rising?

LS Retail

©iStock/Darwel What's affecting me, my clients, my colleagues and other global small business owners: What are tariffs and why are they rising ? What every multinational company should know about…implementing an international compliance program ( Part II ). Quote of the week: "Many economists and industry experts agree that the United States faces unfair competition and artificially low prices that have damaged the domestic steel industry.

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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.