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
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
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.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
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
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.
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.
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
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Join Bloomreach at Innovation Fest: Summer 2024, a virtual event, to explore the future of personalized marketing and merchandising! Along with the company’s top product experts, CEO Raj De Datta will provide an exclusive look at the company’s latest AI innovations reshaping the omnichannel experience. Don’t miss out on this exciting opportunity to connect with fellow industry leaders and explore the latest trends in retail technology.
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.
Retail Wire
JUNE 26, 2024
Thirteen ice cream brands are affected by the listeria recall.
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Achieve more with your commerce with the help of Orium’s Composable Commerce Reference Architecture 2024 Edition. Presented in partnership with commercetools, Contentstack, and Google Cloud, this edition is packed with new insights and practical examples to help you navigate changes in digital commerce and construct an adaptable tech stack optimized for efficiency and scalability.
Retail TouchPoints
JUNE 26, 2024
Riddled with design flaws and service gaps, the fitting room has been a longtime necessary-but-evil curse plaguing the store. However, experts indicate that the mainstream adoption of RFID, coupled with the implementation of connected technology, are creating new opportunities for brands and retailers to streamline fitting room operations and improve customer experiences.
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.
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
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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Be empowered to master the digital landscape and implement modular and adaptable composable technologies. Authored by Orium, The Pragmatic Guide to Composability takes readers on a journey from composable’s beginnings to common misconceptions about the approach, then concludes with strategies for choosing implementations that result in quick wins to grow your ROI.
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 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
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: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali
Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.
Retail Wire
JUNE 26, 2024
The most exclusive and luxurious lounge for travelers is at JFK Airport.
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 Dive
JUNE 26, 2024
The iconic outdoor retailer is opening four U.S. stores this year, and will head to the Southeast and Midwest for further expansion in 2025.
Retail Gazette
JUNE 26, 2024
Kingfisher has released its 2023/24 responsible business report, highlighting its continued commitment to reducing carbon emissions and promoting sustainable products. In its latest Responsible Business report, the retailer outlines four priorities of inclusivity, climate action, making homes greener and healthier and supporting community housing needs.
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