Sun.Sep 08, 2024

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Premier Retail expects to report lower global retail sales, EBIT

Inside Retail

Premier Retail, a division of Premier Investments, expects to report global retail sales of $1.6 billion in the last fiscal year ended July 27. The forecasted retail sales represent a slight decline from $1.64 billion in FY23. The company estimated earnings before interest and taxes of $341 million, down from $356.5 million in the prior fiscal year.

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Meta’s Llama 3.1 is Advancing AI and Amazon AWS Helps

Retail Wire

The evolution of AI has reached a new level with Meta's Llama 3.1, along with Microsoft's Orca 2, when it comes to Large Language Models (LLMs).

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Domino’s faces class action over ‘misleading’ Japan market predictions

Inside Retail

Australian pizza chain Domino’s Pizza Enterprises said on Monday that it has been served a shareholder class action, which includes an allegation that it engaged in misleading or deceptive conduct around its expected performance in Japan. The company’s shares fell 2.5 per cent to A$29.18 to hit their lowest since late August. The proceeding has been filed by Australian legal consultancy company Echo Law on behalf of Domino’s shareholders who scooped an interest in the firm by e

Marketing 182
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Apple News Roundup: iPhone 16 Event and New Games

Retail Wire

Apple will be hosting their newest event tomorrow on their Apple website at 10 a.m. PT. Although the main location will be on the company campus at the Steve Jobs Theater, the website is streaming the presentation.

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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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New Franchise Council chair and CEO announced

Inside Retail

The Franchise Council of Australia’s chair, Brendan Green, has stepped down from his role after four years, as his board tenure comes to an end. Effective today, CouriersPlease boss Richard Thame will become chair, and Just Cuts’ Amber Manning steps up to the deputy chair position. The FCA has also appointed a new CEO. Sydney-based Jayson Westbury joins the FCA as CEO, bringing more than 30 years of leadership experience.

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China Faces Deflation Amid Other Economic Concerns

Retail Wire

China is now facing deflation and combined economic challenges due to a myriad of factors.

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News Roundup: Elon Musk and Electric Vehicles

Retail Wire

A combination of news regarding Elon Musk, xAI, and electric vehicles culminated over the weekend.

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Travel and lifestyle brand Tumi expands into fragrance

Inside Retail

Travel and lifestyle brand Tumi, known for its luggage and bags, is expanding into fragrance with the launch of Experience Collector, the brand’s first-ever women’s perfume collection. The collection is available in four scents inspired by cities around the world: New York, Kyoto, Tomasina, and Florence. Tumi says Signature is inspired by the vibrancy and energy unique to New York City, featuring notes of bergamot, mandarin, apple blossom, pomegranate, and more.

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Boeing Announces Historic Tentative Agreement with IAM Districts 751 & W24

Retail Wire

In a new post on their official website, Boeing [NYSE: BA] has announced a landmark tentative agreement with IAM Districts 751 and W24, representing over 33,000 employees.

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The Body Shop saved in deal to keep 133 stores open

Retail Gazette

The Body Shop has been rescued from administration, in a deal that will keep 133 stores open. The former boss of Molton Brown has been named chief executive at the ethical beauty retailer which has been acquired by a consortium led by the British cosmetics tycoon Mike Jatania. The move is expected to save over 1,000 jobs, with Jatania’s investment company Aurea understood to have no immediate plans to close any more stores.

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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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Bondi Wash demonstrates how Australian retailers can tap into the Asian market

Inside Retail

With many Australian consumers continuing to moderate their discretionary spending due to the ongoing cost-of-living crisis, overseas markets could offer a lifeline to struggling local retailers. Consumer spending in Asia is surging, driven by an expanding middle class, and one expert is urging Australian retailers to tap into this potential revenue stream.

Marketing 113
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Aldi to invest ‘unprecedented’ £800m to accelerate UK expansion as sales soar

Retail Gazette

Aldi has unveiled its largest ever package of annual investment to accelerate its expansion across Britain. The discount grocer said its focus on lowering prices and opening stores would bring “high-quality, affordable groceries to millions more British families”, while creating thousands of jobs and more opportunities for British suppliers.

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Top 5 Customer Service & CX Articles for Week of September 9, 2024

Hyken

Each week, I read many customer service and customer experience articles from various resources. Here are my top five picks from last week. I have added my comments about each article and would like to hear what you think too. Nine Areas of Focus for Improved Customer Service Training by Rolling Stone Culture Council (Rolling Stone) Because they have direct interactions with customers on a daily basis, a company’s customer service team plays a large role in that organization’s success.

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Asda rolls out major workplace savings scheme amid performance push

Retail Gazette

Asda has introduced one of the nation’s biggest workplace savings initiatives, aimed at benefiting its 150,000 employees. In collaboration with financial services provider Wagestream, the UK’s third-largest supermarket is offering staff a savings account with a 4.7% annual equivalent rate (AER), which is safeguarded by the Financial Services Compensation Scheme.

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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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Comment on Developing an Omni-Channel Marketing Plan – Part 2 Category Planning by bonificación de registro en Binance

Cross Cap

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Tesco takes aim at Ocado with new online grocery initiative

Retail Gazette

Tesco is launching a new ecommerce initiative to compete with Ocado, aimed at helping international supermarket chains develop their online operations. The venture, called Transcend Retail Solutions, is led by the supermarket giant’s strategy director Oliver Vogt and offers both software and hardware to enable global grocers to fulfil online orders directly from their stores, The Sunday Times reports.

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Comment on Why Your Business Needs a Marketing Calendar by binance register

Cross Cap

Diving into why businesses need a marketing calendar as part of their marketing strategy.

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French Connection signs new Very partnership as it expands UK stores

Retail Gazette

French Connection is set to launch on Very this AW24 season as it continues its expansion across the UK. The new partnership will bring the fashion retailer’s AW24 womenswear collection to Very’s online platform. The wholesale collaboration will also expand to include menswear, starting with the SS25 collection next year, Drapers reported. Very, which recently appointed former Asos and Matches CEO Nick Beighton as a non-executive director, joins French Connection’s roster of UK-based stock

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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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What does Uniqlo’s creative director appointment say about the fashion scene?

Inside Retail

The recent appointment of British fashion designer Clare Waight Keller as Uniqlo’s creative director has sent ripples through the fashion industry, igniting discussions about the future direction of the Japanese retail giant. Keller’s appointment comes on the heels of her successful collaboration with the company, which has spanned over a year and involved her designing for Uniqlo’s sub-brand, Uniqlo: C.

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