Thu.Jun 27, 2024

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Programmatic Advertising: A Beginner's Guide to Media Buying

Tokinomo

Programmatic advertising has revolutionized the media buying landscape, offering unprecedented efficiency and precision. In this beginner's guide, we delve into its impact on media buying and its significance in retail media.

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Adore Beauty acquires Blue Mountains beauty label Ikou for $25 million

Inside Retail

Adore Beauty has agreed to acquire Blue Mountains-based beauty and wellness brand Ikou for $25 million. Ikou has more than 300 products across organic skincare, bath and body, home fragrance, herbal tea and spa lifestyle accessories categories. The brand also claims its products are organic, Australian-made, and cruelty-free. Ikou is profitable and debt-free and forecasts a revenue of $8.1 million and earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $2 million by the e

Boutique 289
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Macy’s 4th of July Fireworks Show: What We Know

Retail Wire

The Macy's 4th of July Fireworks Show is an annual tradition.

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Samsara Eco secures $100 million in race to create infinite life for clothes

Inside Retail

Lululemon , along with other existing and new investors, has participated in clothing recycler Samsara Eco’s latest US$65 million ($100 million) funding round. Samsara Eco said the investment will scale up its recycling capabilities as it seeks to build more commercial facilities in Southeast Asia in the next few years. The facilities will be designed to recycle millions of tonnes of plastic waste such as textiles and packaging into monomers, the molecular building blocks of plastics, to turn th

Consumer 278
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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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South Philadelphia Pizza One of the Best in the United States

Retail Wire

The eatery was one of only 22 which made the list.

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Helly Hansen makes its Melbourne debut

Inside Retail

Helly Hansen has opened at Galleria Shopping Plaza on Bourke Street, its first location in Melbourne. The new Melbourne store will showcase the brand’s latest resort ski range – Hod. The collection is designed with the company’s waterproof and weatherproof Helly Tech technology. The store opening follows the opening of a Mosman store in March.

Outdoor 269

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Forget omnichannel, it’s all about unified commerce

Inside Retail

Digital commerce has become increasingly complex, with endlessly diverse customer journeys and pressure on brands to meet rising consumer expectations. Retailers are grappling with ever-multiplying channels, and managing disparate touchpoints while trying to create a seamless, excellent omnichannel experience. The problem with omnichannel commerce, however, is that it often operates in silos and unconnected platforms.

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Fourth of July BBQ Prices at All-Time High

Retail Wire

The cost of food basics is significantly higher this year for BBQ's.

ATS 263
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Levi’s back into profit in second quarter amid higher revenue in the Americas

Inside Retail

Levi Strauss & Co reported income of $18 million for the second quarter – a significant turnaround from the previous year’s $2 million loss – amid better performance in the Americas. The company reported $1.4 billion in sales for the three months to May 26, up 8 per cent on a reported basis and 9 per cent on a constant currency basis. In the Americas, revenue surged 17 per cent to $712 million, however sales were down by 2 per cent in Europe at $354 million.

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Save Mart, Hibbett Enable Same-Day Delivery via Target, Walmart’s White-Label Services

Retail TouchPoints

Target and Walmart ’s white-label delivery solutions are picking up new retail partners: Target’s Shipt will offer same-day delivery for three Save Mart Companies banners in California and Nevada, and Walmart GoLocal has added its first athletic fashion brand in a new partnership with Hibbett. Save Mart Adds Same-Day Delivery for Food and Alcohol The Save Mart Companies has tapped Shipt, a wholly owned subsidiary of Target, to offer same-day delivery from its Save Mart , Lucky California and Fo

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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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Instagram Reels Rivals TikTok’s Global Appeal, New Data Reveals

Retail Wire

Since Meta introduced its short-form video feature Reels on Instagram in 2020, it has been in a fierce battle with TikTok for users' engagement. However, two recent studies indicate that Reels are gaining traction and capturing the spotlight among social media enthusiasts.

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Alimentation Couche-Tard Promotes COO to Top Spot

Retail TouchPoints

Convenience store retailer Alimentation Couche-Tard will promote current COO Alex Miller to CEO and President, effective Sept. 6, 2024. Miller will replace Brian Hannasch, who will retire from these positions but remain as a special advisor to Miller and Alex Bouchard, Founder and Executive Chairman of the board. The company operates more than 16,700 stores in 31 countries under banners including Couche-Tard and Circle K Alex Miller “Couche-Tard has only had two CEOs during its almost 45 -year h

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The “Great Mall Resurgence” in the American retail market

Inside Retail

The mall concept as we know it began in 1956 with the opening of the Southdale Center in Edina, Minnesota. The multi-store shopping centre steadily grew in popularity in the US, hitting peak popularity in the 1980s. However, in the past two decades, the American mall has been standing on shaky ground due to factors like the 2008 recession and, more recently, the butterfly effect of the Covid-19 pandemic.

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Elton John Empties his Closet to Support AIDS Foundation with ‘Rocket Man Resale’ on Ebay

Retail TouchPoints

Elton John, known for his memorable fashion choices, is donating hundreds of items from his closet for an Ebay “ Rocket Man Resale ” auction, with all profits benefiting the Elton John AIDS Foundation. Bespoke Gucci jackets, Versace robes and customized Prada loafers will be featured along with affordable items like concert T-shirts and baseball caps in the 10 -day online auction that kicked off today.

Fashion 202
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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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Shein confirms opening pop up in Perth weeks after cancelling original event

Inside Retail

Shein has confirmed it will push through with a three-day pop-up in Perth, weeks after the fashion retailer announced the cancellation of the original event. The pop-up will open at Centenary Pavilion at Claremont Showground from July 5 to July 7. The pop-up will showcase Shein’s latest collections, including its autumn-winter apparel and accessories.

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Amazon Planning China-Direct Offering to Compete with Temu, Shein

Retail TouchPoints

In its latest move to combat the growth of discount Chinese shopping apps Temu and Shein , Amazon is reportedly planning to add its own China-direct section, according to The Information. Citing slides shown to Chinese sellers in a recent “closed-door meeting,” The Information reports that Amazon plans to launch a special section on its site featuring low-price unbranded items that ship directly from Chinese warehouses.

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Judge Rejects $30B Visa, Mastercard Swipe Fee Settlement

Retail Wire

The Visa and Mastercard swipe fee lawsuit is due to customers complaining about being overcharged.

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Pier 1 and Dress Barn Parent Company Names Sharon Leite CEO

Retail TouchPoints

OMNI Retail Enterprises , which operates digital storefronts for brands including Pier 1 Imports, Dress Barn, Bodybuilding.com and Mentorbox.com , has named retail industry veteran Sharon Leite as its CEO. The former Vitamin Shoppe leader will be tasked with revitalizing the company’s retail, educational, health and wellness brands. Sharon Leite “OMNI’s brands are trusted by millions of consumers and have an incredible legacy,” said Leite in a statement.

Consumer 195
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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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“You need to back yourself and just dive in”: The CEO of Oakberry

Inside Retail

Oakberry has quickly become synonymous with açaí in Australia. Renan Fretes Pinto, the CEO of the Australian, New Zealand, Indonesian and Pacific Island operations has led the charge in securing this market share. Now Oakberry has almost 50 locations in Australia after Fretes Pinto brought the Brazilian business to Bondi in 2018, starting with just one store that the team physically helped construct themselves to tackle a tight budget.

Marketing 147
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NESCAFÉ Celebrates National Ice Cream Day with Affogato Kit Giveaway

Retail Wire

In celebration of National Ice Cream Day on July 21, NESCAFÉ, the world’s leading coffee producer, is offering espresso enthusiasts a unique chance to win a limited-edition NESCAFÉ® Affogato Kit. This exciting initiative draws inspiration from the recent TikTok affogato trend, which has garnered over 400 million views and nearly 24,000 videos. The classic Italian dessert, featuring a shot of hot espresso poured over vanilla gelato or ice cream, has captivated social media users with its simplici

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Connected Retail: Transforming Shopping in the Digital World

Tokinomo

In today's digital age, the retail industry is undergoing a significant transformation. Connected retail, also known as omnichannel retail, is revolutionizing the way people shop. With the integration of technology and seamless customer experiences, connected retail is redefining the traditional brick-and-mortar shopping experience. Let's delve into the concept of connected retail and understand its evolution in the digital era.

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CVC Capital Partners to Acquire UK Infrastructure Contractor M Group

Retail Wire

In a strategic move to bolster its portfolio, CVC Capital Partners Plc has announced its agreement to acquire UK-based infrastructure contractor M Group Services. This acquisition, expected to finalize in the third quarter of this year, represents another significant investment for the private equity firm. While the official statement did not reveal financial specifics, sources indicate that the deal values M Group at just over £1 billion ($1.3 billion).

ATS 130
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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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Levi’s DTC growth speeds up in Q2 as wholesale improves

Retail Dive

The iconic jeans maker is responding to demand for looser fits and non-denim categories and plans to expand its global footprint by 70 new stores.

Wholesale 112
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Samsara Unveils Asset Tag at Beyond Conference

Retail Wire

Samsara, a leader in transportation and manufacturing solutions, introduced its latest innovation, the Asset Tag, at its annual user conference, Beyond. This new product aims to significantly enhance real-time visibility and management of industry equipment and tooling, addressing critical issues like loss, theft, and operational disruptions. Currently, the Asset Tag is available to customers across North America and Europe, offering a powerful tool for businesses seeking to enhance their asset

ATS 130
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Boots £7bn sale shelved by owner Walgreens

Retail Gazette

Boots’ US owner has shelved plans for a multibillion-pound sale for the second time. Walgreens, which has owned the health and beauty giant since 2014, abandoned plans as it cut its profit outlook and announced plans to close up to 700 US stores, as its share price fell to its lowest level since 1997. Boots however, was a standout performer for the business, as sales at retailer rose 6%, on top of a 13% increase in the prior year quarter.

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JCPenney CIO talks $1B customer experience strategy, building strong tech foundation

Retail Customer Experience

JCPenney CIO Sharmeelee Bala shares insight on how the retailer's $1 billion reinvestment is all about enhancing the retail customer experience and how it's using AI to create more efficiencies.

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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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Boots delivers 13th consecutive quarter of growth

Retail Gazette

Boots has delivered a thirteenth consecutive quarter of market share growth with both retail and pharmacy sales up in the three months ended 31 May 2024. Retail sales at the health and beauty giant were up by 6%, on top of a 13% increase in the prior year quarter. It said “digital sales continue to grow rapidly” up 13.8%, on top of 25% growth in the year ago quarter, as investment in the Boots App “resulted in more customers choosing to shop personalised offers” via their

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Amazon market cap reaches $2 trillion

Retail Dive

As the company reaches a financial milestone, it is reportedly developing a budget marketplace to compete with Temu and Shein.

Marketing 103
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Superdrug opens largest UK store at Westfield Stratford

Retail Gazette

Superdrug will open the doors to its biggest UK store tomorrow (28 June) in Westfield Stratford, London. The health and beauty giant’s new “bigger and better” 9,890 sq. ft store, which has doubled in size, comes as the business looks to expand its bricks-and-mortar retail footprint. Last month it revealed plans to open 25 new stores in 2024 , as it celebrates its 60th year on the British high street.

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Volkswagen Announces Major Recall of 307,000 Vehicles Over Airbag Defects

Retail Wire

On Wednesday, Volkswagen announced it was recalling more than 307,000 vehicles in the U.S. to address a suspected wiring defect that could disable the front passenger airbags when the seat is occupied.

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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.