Retail TouchPoints
JUNE 26, 2024
At the height of the COVID pandemic the might of ecommerce was laid bare. In November 2021 the UK saw a total of 321 million ecommerce transactions, according to Statista. That was a 19% increase compared to November 2020. With such a colossal number of conversions, businesses in the sector collectively raked in huge revenues with relatively little effort.
Retail Wire
JUNE 26, 2024
Amazon has achieved a significant milestone by surpassing a $2 trillion market capitalization for the first time in its history. This momentous event occurred during intraday trading on Wednesday, propelling Amazon into an elite group of tech giants that have crossed this formidable threshold. The company's stock closed up 3.9% at $193.61, marking a significant moment for the e-commerce and cloud computing behemoth.
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Retail TouchPoints
JUNE 26, 2024
Online book reseller Thriftbooks Global has added a new inventory stream, beyond the library, charity and donation center castoffs that make up the bulk of its merchandise — its own customers. The company has launched a BuyBack program that allows customers to sell books directly to Thriftbooks, earning either money or store credit in return. A user’s “SellBack Shelf” from the program’s beta version.
Inside Retail
JUNE 26, 2024
Former Tigerlily CEO Travis Wright has joined Ecommerce Equation as chief product officer. Wright left Tigerlily after Seafolly acquired the swimwear company. Prior to joining Tigerlily, Wright served as GM at Esther & Co. “Travis brings a unique blend of strategic vision, hands-on experience, and empathetic leadership to Ecommerce Equation,” said Jay Wright, Ecommerce Equation founder and CEO. “Her appointment as chief product officer marks an exciting chapter for our comp
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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.
Retail TouchPoints
JUNE 26, 2024
In the dynamic world of retail, the gap between brands and consumers can quickly escalate from a minor crack to a Grand Canyon-sized disconnect, leaving both relevance and revenue at risk. Bridging this gap is essential to igniting growth and fostering brand loyalty, and a structured approach that integrates the three critical dimensions of experience — human, physical and digital — can bridge this gap effectively.
Retail Wire
JUNE 26, 2024
Last week at the Cannes Lions International Festival for Creativity, Toys "R" Us showcased a mini promo film made predominantly using OpenAI's text-to-video tool, Sora.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Wire
JUNE 26, 2024
German engineering giant Robert Bosch is considering a potential bid for U.S. appliances manufacturer Whirlpool, a move that could significantly bolster Bosch's standing in the household appliances market. This potential acquisition, which sources say is still under discussion, would place Bosch in a stronger position against its growing competition from Asian manufacturers.
Retail TouchPoints
JUNE 26, 2024
Is that livestream you’re watching being hosted by an actual person? The answer to that question may be less clear in the future as virtual influencers become more prevalent and hard to detect. In this Retail ThinkTank Ideation Session, Alicia Esposito chats with author Sharon Gai about the emergence of virtual influencers, why so many brands are embracing them, and what their growth in the ecommerce landscape means for how we create and connect with our digital identities.
Retail Wire
JUNE 26, 2024
In a significant move for the electric vehicle (EV) industry, Volkswagen Group has announced a $5 billion investment in Rivian, leading to a notable surge in Rivian's stock. This joint venture aims to develop new technologies for electric vehicles, offering a potential lifeline for Rivian as it faces financial challenges and a broader slowdown in EV sales.
Retail TouchPoints
JUNE 26, 2024
TikTok Shop has launched a new social impact initiative called SOAR Together (Supporting Our Artisans and Retailers) that is designed to help small- and medium-sized businesses (SMBs) advance their businesses on TikTok Shop. “It’s important that entrepreneurs of all backgrounds on TikTok Shop feel supported in order to continue thriving in their creative and business endeavors,” said Nico Le Bourgeois, Head of TikTok Shop Operations, U.S. in a statement.
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Inside Retail
JUNE 26, 2024
In Thailand, if you want to convey to someone in the countryside something meaningful about the size and importance of a small town, one of the handiest indicators is whether the place has a 7-Eleven or not. If it has one, then it has come of age, outgrowing the scruffy little mom-and-pop stores that still hang on in rural towns. To millions of Thais outside the big cities, 7-Eleven isn’t a convenience store, it’s glam: having one is a symbol of prosperity, and getting one for the first time is
Retail TouchPoints
JUNE 26, 2024
Walgreens Boots Alliance (WBA) will optimize and standardize sourcing across its operations with a platform from TradeBeyond that the retailer will use to manage numerous processes within its Global Sourcing function. The platform also will replace several redundant and legacy systems to support greater digital efficiency, unify processes and facilitate data transparency and integrity.
Retail Wire
JUNE 26, 2024
The retailer will feature savings on thousands of items for two days only.
Retail TouchPoints
JUNE 26, 2024
Target is continuing to make adjustments to its C-suite following the retirement of COO John Mulligan and subsequent appointment of then-CFO Michael Fiddelke to the role in January 2024. Current Chief Growth Officer Christina Hennington has been promoted to Chief Strategy and Growth Officer, while Rick Gomez, who took on the role of Chief Food, Essentials and Beauty Officer in January, will oversee all of Target’s merchandising business as Chief Commercial Officer.
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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.
Retail Wire
JUNE 26, 2024
Thirteen ice cream brands are affected by the listeria recall.
Inside Retail
JUNE 26, 2024
Touchland was born out of a desire to shift an industry. In a discussion with Andrea Lisbona, the founder and chief executive officer of Touchland, a personal care and lifestyle brand, the retail executive explained that she wanted to create a type of product that was innovative to an industry, such as the iPhone with Apple or the hairdryer Dyson. Much like the way the brand founder would never have expected to find herself inspired to purchase a $400 hair dryer, the retail industry could not ha
Retail Wire
JUNE 26, 2024
Southwest Airlines has recently revised its revenue forecast for the second quarter, attributing the adjustment to evolving booking patterns. This change has led to fluctuations in the airline's stock, which initially dropped by approximately 4% in early trading before regaining some ground.
Inside Retail
JUNE 26, 2024
Mattel says 80 per cent of its game portfolio will be colorblind accessible by the end of the year and 90 per cent by next year, as part of the brand’s commitment to creating more inclusive play experiences. To produce these new portfolio-wide changes, Mattel has collaborated with specialists in the field of colour vision deficit as well as individuals who are colourblind.
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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.
Retail Wire
JUNE 26, 2024
Six Flags is ramping up for this year's Fright Fest with major partnerships in place. The theme park has announced collaborations with Netflix, Warner Bros., Lionsgate, and Legendary for its Halloween event at its venues across the U.S.
Inside Retail
JUNE 26, 2024
Chinese customers are increasingly choosing more discreet luxury goods as a decrease in local demand has dampened middle-class confidence, leading to a “luxury shame” behaviour, as reported by the latest Luxury Goods Worldwide Market Study by Bain & Company and Altagamma. The report also suggests that the resurgence of outbound tourism has put pressure on the Chinese market.
Retail Gazette
JUNE 26, 2024
Morrisons is set to open 400 more Morrisons Daily shops in a bid to take on rivals Aldi and Lidl as it pushes ahead with its convenience growth plans. The retailer is eyeing a total of 2,000 smaller stores in 2025, The Mirror reported. The news comes as the supermarket delivered “ solid quarter of progress ” with like-for-likes excluding fuel and VAT up 4.1% in its second quarter as it cut down debt by 35% on peak levels, bringing it down from a peak of £6.2bn to £4bn.
Inside Retail
JUNE 26, 2024
The peak festive shopping season is a crucial time for retailers and e-commerce brands as they look to boost their revenue, grow their customer base, and enhance their brand recognition with consumers. However, with Christmas shopping predicted to look a little different this year , retailers are under pressure from customers to implement holiday strategies that will help them stand out to shoppers.
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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
Retail Wire
JUNE 26, 2024
Bimbo is one of America's most popular bakery brands.
Retail Gazette
JUNE 26, 2024
Aspinal of London has named Laura Brown as its new chief executive. She leaves her post as CEO of Dubai Mall to join the British designer and was formerly retail director at Harrods from 2014 to 2022 , having also previously worked for Bicester Village and Kildare Village. Aspinal of London was founded in 2001 by British entrepreneur Iain Burton as a British heritage brand.
Retail Wire
JUNE 26, 2024
The most exclusive and luxurious lounge for travelers is at JFK Airport.
Retail Gazette
JUNE 26, 2024
Revolution Beauty is back in the black despite disappointing online sales and weaker US performance. The online beauty retailer grew its pre-tax profit to £11.4m in the year ended February 29, 2024, up from a pre-tax loss of almost £34m in the previous year. Adjusted EBITDA hit £12.6m for the year, up from a loss of £7.5m last year, marking its return to profitability.
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
Retail Times
JUNE 26, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Popular Australian swimwear brand Budgy Smuggler has partnered with Transport for London (TfL) for a new London Underground-themed collection, in a deal facilitated by TfL’s global licensing agency IMG. Inspired by the London Underground’s iconic moquette designs, the collection includes three swim trunks featuring signature patterns from the Northern, D
Retail Gazette
JUNE 26, 2024
DIY giant Kingfisher has revealed that more than £6.4bn of group sales now come from Sustainable Home Products (SHPs), amounting to nearly half (49.4%) its total revenue. The B&Q owner also reported it had already exceeded its 2025/26 targets for carbon emissions reduction and reduced its Scope 1 and 2 carbon emissions by a significant 62% since the 2016/17 baseline – surpassing its goal of a 37.8% reduction.
Retail Dive
JUNE 26, 2024
The shoe material maker and two other vendors joined the Department of Homeland Security’s list of companies banned from importing goods into the U.S.
Retail Gazette
JUNE 26, 2024
Former Barbour MD Ryan Llewellyn-Pace has launched a new unisex fashion brand, Hay Life, which will be stocked in retailers including John Lewis and Next. It claims to be “one of the first lifestyle brands to be fully dedicated to unisex fashion” and has the goal to “breakdown the traditional boundaries of gender classing and to highlight the innovation this can bring to the industry”.
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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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