Retail TouchPoints

MARCH 28, 2024

Recent reports show that traffic delays cost U.S. drivers an average of 51 hours of lost time in 2022, and that number is on the rise — in 2021, the average was 36 hours. For the typical commuter, those lost hours can be frustrating. They extend the workday and increase fuel expenses. In fact, some studies have even found that traffic takes a toll on drivers’ health by increasing stress levels.

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Location Planning Management Consumer 303

Retail Wire

MARCH 28, 2024

Over the last few years, inflation has caused prices to creep up and impact pretty much everything. However, Costco is still keeping the price of its hot dog-soda deal where it is.

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ATS 266

Retail TouchPoints

MARCH 28, 2024

Pacsun is partnering with hip-hop artist Slick Rick to celebrate the one-year anniversary of its Los Angeles Tycoon experience on Roblox. Over the past year the experience has garnered 60,000 monthly active users and 11 million visits overall. For the collaboration, users can interact with a 3D non-player character (NPC) digital avatar of Slick Rick within the Los Angeles Tycoon experience to earn exclusive digital items and rewards inspired by the rapper’s iconic accessories.

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Fashion Accessories Apparel Consumer 277

Retail Wire

MARCH 28, 2024

Subaru is recalling 118,000 SUVs and sedans in the United States due to a faulty sensor that might hinder air bag deployment during a crash, as per the National Highway Traffic Safety Administration (NHTSA) announcement on Wednesday.

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Customer Experience

Retail TouchPoints

MARCH 28, 2024

The Home Depot is acquiring building products distributor SRS Distribution for $18.25 billion in a bid to accelerate the growth of its pro offerings. The deal, which is expected to close by the end of the retailer’s fiscal 2024 in late January 2025, is subject to customer closing conditions and will be funded through a combination of cash and debt. SRS serves several verticals of residential and commercial professionals, including roofers, landscapers and pool contractors.

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Fulfillment Marketing Planning Management 263

Retail Wire

MARCH 28, 2024

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company's unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory "meal credit" deductions from their paychecks, along with better wages and improved working conditions.

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Retail Wire

MARCH 28, 2024

Carnival Cruise Line revealed that its 2024 earnings could take up to a $10 million hit due to the Baltimore bridge collapse.

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Retail TouchPoints

MARCH 28, 2024

After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with U.S. merchants worth an estimated $30 billion that will lower the interchange fees (commonly referred to as swipe fees) that merchants are charged when customers use credit or debit cards. The antitrust settlement is one of the largest in U.S. history, according to Reuters , and if it receives court approval it would resolve most of the ongoing claims against Visa and Mastercard, which began in 2005.

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Merchant Services Point of Sale Management Consumer 257

Inside Retail

MARCH 28, 2024

Fashion and lifestyle platform The Iconic has unveiled its 2023 People Planet Positive Progress Year In Review, which covers the start of its route to BCorp certification. Launched in 2021, The Iconic’s People Planet Positive strategy has seen the fashion and lifestyle platform enhance its commitment to sustainability, diversity, and responsibility.

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Fashion Shopping ATS Accessories 245

Retail Wire

MARCH 28, 2024

GameStop has recently undergone job cuts due to a notable decline in sales, as announced amid its latest financial report.

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Retail Dive

MARCH 28, 2024

The move to buy SRS Distribution will help the home improvement company lean in to its plan to boost business with its pro customers.

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Planning 133

Retail Wire

MARCH 28, 2024

In an agreement reached with the EPA and environmental groups, the last two coal plants in New Hampshire will cease operations in 2025 and 2028, respectively.

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Retail Dive

MARCH 28, 2024

The e-commerce giant, which has long faced scrutiny over counterfeits, said it invested more than $1 billion into fighting fakes last year.

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Retail Wire

MARCH 28, 2024

Home Depot recently announced its acquisition of SRS Distribution for a whopping $18.25 billion. This hefty investment marks the company's boldest stride yet to seize a larger share of the professional market, particularly targeting contractors and roofers.

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Marketing 130

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Customer Experience

Retail Gazette

MARCH 28, 2024

Japanese retailer Muji has filed for administration with a pre-pack deal understood to be in the offing. The retailer’s UK stores – which include six in London and one in Birmingham – are expected to be retained when the firm’s European holding company undergoes a pre-pack administration. Muji told TheBusinessDesk.com : “This is part of a planned strategic restructuring of the business and Muji’s management expect to conclude a deal shortly.

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Accounting Fulfillment Fashion Planning 119

Retail Wire

MARCH 28, 2024

H&M revealed a stronger-than-expected first-quarter performance, triggering a significant surge in its shares by 13%.

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Marketing Fast Fashion Fashion 130

Retail Dive

MARCH 28, 2024

At launch, the collection includes five fragrances and will be available on the brand’s website, stores and through its team of independent sellers.

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ATS 119

Retail Wire

MARCH 28, 2024

Databricks invested around $10 million and two months in training to launch its latest generative AI model, DBRX, which it claims outperforms all other open-source models.

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Marketing

Shopping Center

MARCH 28, 2024

Katy, Texas — Sporting goods retailer Academy Sports + Outdoors has announced plans to open 160 to 180 new stores over the next five years. Half of the new stores are… The post Academy Sports + Outdoors Plans to Expand by 160 to 180 Stores Over Next Five Years appeared first on Shopping Center Business.

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Outdoor Planning Sporting Goods Shopping 115

Retail Dive

MARCH 28, 2024

Businesses face new ethical questions and must act with more transparency in what corporate integrity expert Alison Taylor calls a turbulent world.

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Retail Gazette

MARCH 28, 2024

Wilko has launched wilkohire – what it described as “the ultimate tool and equipment hire service”, in a bid to make quick fixes and big renovations accessible to all. The service, operated in partnership with easyToolhire, means customers can hire everything they need for their jobs, from gardening and landscaping, to cleaning, drilling, painting and decorating – whatever the scale and size.

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Shopping Consumer 111

Retail Dive

MARCH 28, 2024

The brand this week began selling in over a dozen countries through its partnership with Sephora.

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Customer Experience

Retail Gazette

MARCH 28, 2024

Superdry founder Julian Dunkerton will not make an offer for the retailer despite attempting to raise funds for a take-private deal. However, the fashion chain remains in discussions with Dunkerton regarding alternative structures, including a possible equity raise fully underwritten by the Superdry founder, which it said would provide additional liquidity headroom for its turnaround plan.

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Wholesale Fashion Finance Planning 111

Intelligence Node

MARCH 28, 2024

In the dynamic world of online retail, the concept of the “digital shelf” has emerged as a pivotal battleground for brands vying for consumer attention & eCommerce success. The digital. The post Driving Growth: Intelligence Node’s Accurate Digital Shelf Analytics appeared first on Blog.

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Consumer 104

Retail Gazette

MARCH 28, 2024

Boots has seen its second-quarter sales rise 5.9% – on top of a 16% increase in the same quarter the prior year – thanks to strong online trading and an “excellent” Christmas. In the three months to 29 February, footfall at the health and beauty giant was up both in-store and online as it claimed to have grown its market share for the 12th consecutive quarter.

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Beauty and Health Marketing Shopping ATS 105

Shopping Center

MARCH 28, 2024

Arlington, Texas — Trademark Property Co. will redevelop Lincoln Square, a 45-acre shopping center located in Arlington, roughly 14 miles outside Fort Worth. Trademark plans to reposition the property as a… The post Trademark to Redevelop 45-Acre Lincoln Square in Dallas-Fort Worth Metro appeared first on Shopping Center Business.

Location 101

Location Planning Shopping 101

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Marketing

Retail Gazette

MARCH 28, 2024

JD Sports has maintained its full-year profit guidance as it made “good strategic progress” despite the market “remaining challenging”. Total sales for the sports giant edged up 3.6% to £10.5bn in the 53 weeks to 3 February, with like-for-likes up 4.2% and organic sales jumping 8.4%. The retailer, which is dubbed the ‘King of Trainers’, reaffirmed the £915m to £935m adjusted pre-tax profit range that it guided at the start of the year, after lowering from its initial £1.04bn target.

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Marketing Promotions Apparel ATS 105

Retail Wire

MARCH 28, 2024

Bagged milk, a long-standing staple at Kwik Trip, will soon disappear from its shelves.

ATS 100

ATS 100

Shopping Center

MARCH 28, 2024

Dahlonega, Ga. — Marcus & Millichap has brokered the $4.4 million sale of Goldmine Village, a 28,000-square-foot retail center located in Dahlonega. Walmart anchors the property, which was fully occupied at… The post Marcus & Millichap Brokers $4.4 Million Sale of Retail Center in Dahlonega, Georgia appeared first on Shopping Center Business.

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Location Shopping ATS 98

Retail Gazette

MARCH 28, 2024

Asda has issued an apology as some staff are still left waiting for their pay to be corrected after thousands of hourly workers were hit by a payroll glitch last week. Workers complained to Retail Gazette that despite the issue being identified last week, they were still out-of-pocket, with some unable to pay their bills. One employee said yesterday: “6 days in and my pay has still not be sorted it’s a disgrace!

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Supermarket Management ATS 98

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