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.

Consumer 130
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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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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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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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5 Ways You Can Win Faster with Gen AI in Sales

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.

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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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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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More Trending

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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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Hollister Collegiate Line Gives School Spirit a Refined Vintage Aesthetic

Retail TouchPoints

Hollister has unveiled a 67 -piece apparel collection featuring graphics from more than 30 colleges and universities, aiming to fill what it sees as a market white space with trendy items showing school spirit that also fit into young consumers’ aesthetic. The crewneck sweatshirts, hoodies and T-shirts range in price from $29.99 to $59.99 and are available online and in select stores.

Apparel 219
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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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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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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

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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.

Fashion 244
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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.

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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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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 130
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10 Ways to Leverage Buyer Signals and Drive Revenue

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.

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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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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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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

Markdowns 147
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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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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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‘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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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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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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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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Signal-Based Selling: How to Leverage 4 Key Buying Signals

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.

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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.

Planning 117
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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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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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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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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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Yankee Candle to lay off 100 distribution operations workers

Retail Dive

The layoffs are the result of consolidation efforts, according to parent company Newell Brands.

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How grocers are taking an AI approach to boosting customer satisfaction

Retail Customer Experience

AI will have its most significant impact in the areas of retail personalization and loyalty.

Grocer 105
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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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Activating Intent Data for Sales and Marketing

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.