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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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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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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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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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.

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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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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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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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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 132
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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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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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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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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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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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Master Off-Page SEO: Boost Traffic, Build Trust, and Drive Conversions

Off-page SEO is the key to building trust, attracting qualified traffic, and boosting conversions. This guide explores how to leverage backlinks, guest blogging, social media, and influencer marketing to expand your website’s reach and authority. Discover the synergy between on-page and off-page SEO, ensuring your site is optimized for success. Learn how to create valuable content, engage with online communities, and track your progress to fine-tune your strategy.

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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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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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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 126
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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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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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Dolly Parton launches beauty line

Retail Dive

A collection of four lipsticks is available online now, with a full in-store rollout scheduled to begin in 2025.

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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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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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Turn Your Website Into a Money-Maker: Tips for Small Business Success

Your website can be more than just a digital presence—it can be a thriving profit center. Discover proven strategies to monetize your website, whether you sell physical products, digital downloads, or services. Learn the importance of user-friendly design, high-quality content, and tailored marketing to meet audience needs and boost engagement. Explore options like e-commerce, affiliate marketing, and subscriptions, and use analytics to optimize for success.

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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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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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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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Heydude taps Sydney Sweeney for campaign emphasizing comfort

Retail Dive

The brand has an ambitious full-year goal to limit declines to 10% or less, and a lot is riding on the holiday quarter.

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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