Wed.Jul 17, 2024

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Property Management: The Influence of Improved Teamwork

Retail Focus

The potency and power of teamwork are today vital success factors in the dynamic field of property management. It is more crucial than ever for teams inside the property management industry cooperate productively as property operations get more complicated and client expectations rise. This synergy not only enhances operational efficiency but also significantly improves service delivery within CIM property management , ensuring that properties are managed to the highest standards.

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Walmart Canada Debuts No-Emissions Hydrogen Fuel Cell Trucks

Retail TouchPoints

Walmart Canada has taken another step on its journey toward operating a 100% alternatively powered truck fleet with the introduction of a hydrogen fuel cell-powered electric semi-truck. The Nikola Hydrogen Fuel Cell EV Class 8 tractor, which is already on the roads in Mississauga, Ontario, has a range of approximately 800 kilometers (just under 500 miles) and, on average, can avoid 97 metric tons of CO2 tailpipe emissions annually, according to the manufacturer.

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Crocs and Mosaic Brands settle lawsuit over copyright allegation

Inside Retail

Crocs and Mosaic Brands have settled their lawsuit after the former alleged that several moulded foam shoes of Mosaic violated its intellectual property. Crocs filed the case in late 2021 after discovering Mosaic was selling footwear that was similar to its Classic Clog shoes. The company said it has been selling the Classic Clog in more than 85 countries and owns trademark registrations covering the iconic shape and design in over 30 countries, including Australia.

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Spirit Airlines Struggles To Gain Momentum

Retail Wire

Spirit Airlines forecasts a wider quarterly loss due to revenue falling short of expectations, projecting an adjusted loss of $160 to $173 million for the quarter ending June 30.

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NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot

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.

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Essilor Luxottica to buy Supreme for $2.2 billion

Inside Retail

European eyewear giant EssilorLuxottica has purchased the streetwear brand Supreme from VF Corporation (VFC) for US$1.5 billion (A$2.2 billion). Originally acquired by the company for $2.1 billion in 2020, according to The Business of Fashion VFC will offload Supreme at a significant discount due to declining sales and interest in streetwear. The brand generated revenues of $523.1 million last year, down from $561.5 million in 2022.

Apparel 277
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Whole Foods Expands Food Waste Reduction Efforts with New App Integration

Retail TouchPoints

Whole Foods Market has announced a nationwide partnership with Too Good To Go , a marketplace dedicated to finding distribution channels for surplus food. Whole Foods customers can now purchase “surprise bags” of surplus food items from more than 450 stores across the U.S. through the Too Good to Go app. The partnership will help Whole Foods reach its goal of cutting food waste in half by 2030.

Marketing 278

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Advanced Brand Tracking Ramps Up Data-Driven Marketing for M.M.LaFleur

Retail TouchPoints

As a female-founded womenswear brand, M.M.LaFleur knew its target audience was changing. Following COVID lockdowns and the massive shift toward remote and hybrid work scenarios, the brand’s founder and leadership team realized they had to evolve its product set and marketing positioning in order to maintain relevance. Sarah LaFleur started the brand in 2013 to provide functional, comfortable yet stylish workwear for the modern woman.

Marketing 278
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The business of Full Bums: Meet the Aussie brand back from Miami Swim Week

Inside Retail

At the forefront of a growing movement in swimwear fashion is the Australian swimwear brand Full Bums. Founder Ashya McDonald has captured the essence of inclusivity and comfort through her brand Full Bums, which creates swimwear for women with a full bum coverage. Following her debut at Miami Swim Week this year, McDonald is primed to drive her mission of providing stylish swimwear with full coverage to the mass market.

Marketing 262
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Roku, Walgreens and the Future of CTV: Shoppable Ad Experiences

Retail TouchPoints

Walgreens Advertising Group (WAG) is making good use of one of its most valuable assets: a treasure trove of first-party data from the broader organization. As the official retail media network for the drugstore chain, WAG makes all decisions, and designs its core offerings, based on customer insights. “Everything we do really starts with insights,” explained Katie Vogt, Senior Director of Client Success at WAG during a session at the Retail Innovation Conference & Expo this past June.

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Piccolo Me parent plans 100 stores for Sol Bowl acquisition

Inside Retail

Piccolo Me parent company FABE (Food and Beverage Enterprises) has added Sydney-based Sol Bowl to its portfolio of food brands. FABE has big goals for its newest addition: 100 stores, international expansion and co-branding with Piccolo Me. There are another five Sol Bowl sites planned for New South Wales and ACT before FABE takes the brand interstate.

Planning 232
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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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The Body Shop to be Sold to Investment Consortium

Retail TouchPoints

Administrators of The Body Shop have entered into an “exclusivity agreement” for the sale of the company to a consortium led by asset manager Auréa Group , with a management team to be led by the former CEO of British fragrance brand Molton Brown , Charles Denton. Following a due diligence period, the purchasers’ plan is to complete the deal in the coming weeks, according to a joint statement from both parties.

Shopping 263
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In-N-Out Burger Proposed Expansion: What We Know

Retail Wire

In-N-Out Burger has announced plans to expand to several locations throughout the United States.

Location 298
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Champs Taps Top Athletes to Help Customers ‘Excel in the Sport of Life’

Retail TouchPoints

Champs Sports , a subsidiary of Foot Locker , has unveiled a new brand positioning — “Sport For Life” — to mark “a new era” for the brand and celebrate the connection between sports and everyday life. Inspired by consumer insights, the Sport For Life brand platform aims to capture the resilience, determination and camaraderie that sports instill, as well as how lessons learned from sports equip us to navigate life’s challenges and triumphs.

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Georges Elhedery Appointed as CEO for HSBC Group Starting This September

Retail Wire

HSBC has named Georges Elhedery as its new group chief executive officer, with his tenure commencing on Sept. 2.

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How to Maximize Amazon Sales and Crush the Competition

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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Gelatissimo opens 50th Australian store, plans US growth

Inside Retail

Gelatissimo has opened its 50th Australian store at Broadbeach in Queensland, 22 years after the brand launched in Sydney. The gelato chain has another six stores in the pipeline to open across the country in 2024, and plans to maintain this trajectory for the next five years. Gelatissimo’s strategic growth plan includes expanding into Perth and regional Australia, as well as other cities and coastal towns.

Planning 182
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Elon Musk Announces SpaceX and X Will Move to Texas

Retail Wire

Elon Musk announced that SpaceX and X will move their headquarters from California to Texas.

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Whole Foods Announces Second Small-Format NYC Location: Hell’s Kitchen

Retail TouchPoints

Amazon -owned Whole Foods Market celebrated the 20th anniversary of its first New York City store by ringing the Nasdaq opening bell and announcing the location of its second small-format store planned for the city. The 2004 opening of the Columbus Circle Whole Foods flagship store marked a major step in the company’s expansion into New York; now the retailer has 17 locations and 5,000 team members in the city.

Location 159
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Amazon Prime Day Increases Amount of Worker Injuries

Retail Wire

A Senate probe found that Amazon's Prime Day significantly contributed to worker injuries.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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The Perfume Shop improves customer journeys while driving profitability in partnership with Scurri

Retail Focus

Specialist fragrance retailer, The Perfume Shop (TPS), has seen “out on time” shipment rates across the UK and Ireland hit 99.2% and has also implemented “ship from store” following the appointment of Scurri as its delivery management partner. Highly regarded as a market leader of omnichannel retail, TPS is the UK’s largest specialist fragrance retailer with 209 stores in UK&I as well as an industry-leading ecommerce offering.

Shopping 147
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Microsoft Fires a DEI Team, Team Lead Claims Diversity Is ‘No Longer Business Critical’

Retail Wire

An email from a Microsoft team lead has gone viral.

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Personalised, product-specific promotions are twice as likely to convert UK shoppers compared to general sale discounts

Retail Focus

While discount codes top UK consumers preferred promotions, offers that are personalised and tailored to a specific product a consumer has viewed are almost twice as likely to prompt a sale compared to general ‘range-wide’ discounts, according to the latest data from Wunderkind , based on a survey of over 1,500 shoppers. Original research by AI-driven performance marketing solution Wunderkind, published in its 2024 Consumer Insights Report , revealed that demand for personalised promotions remai

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The Mirage Casino in Las Vegas Officially Closes

Retail Wire

The legendary Las Vegas resort will make way for a new hotel in the same spot.

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A Blueprint for B2B Commerce

In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

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Celeste Barber launches makeup brand Booie Beauty

Inside Retail

Comedian Celeste Barber has partnered with PE Nation co-founder Claire Greaves to launch a new makeup brand, Booie Beauty. Booie Beauty offers a five-piece makeup collection, consisting of Bloody Delicious illuminator moisturiser for $39; Bam! Bam! Bam! lip, eye and cheek tint for $22; You’re Welcome mascara for $31; Bring Back the Bush eyebrow gel tint for $21; and Where the Hell is My lip balm for $28. “I’ve built my career on exposing b t, and to have ownership over this venture m

Marketing 147
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Five Below CEO To Step Down

Retail Wire

Joel Anderson will be replaced, effective immediately.

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VIDEO: Sheet Society’s Hayley Worley talks e-commerce growth and what’s next

Inside Retail

“The decision to start my own business was an easy one, and that’s probably due to my personality type,” Hayley Worley, the founder and CEO of omnichannel bedding brand Sheet Society, told Inside Retail in a recent video interview. “I’m really one to jump off and be like, how did I get here? How am I going to get down? I’ve really enjoyed it.

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Gold Prices Continue To Reach New Highs

Retail Wire

Gold prices reached new record highs as of Wednesday, rising 0.2% to $2,462.85 per ounce after hitting a high of $2,482.29 earlier in the trading session.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

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Domino’s culls Japan, France store networks after review

Inside Retail

Australia’s Domino’s Pizza Enterprises said on Wednesday it expects store growth to be flat to slightly positive in its current fiscal year, and decided to close up to 80 low-volume stores in Japan and 10-20 stores in France. Domino’s Japan had opened over 400 stores between financial years 2020-2023, which resulted in a number of “immature stores” Moreover, higher media costs and lower advertising funds led the company to undertake a review of its store locations.

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Chicago Gas Prices Might Surge After Tornado Almost Hits Refinery

Retail Wire

A tornado's near-miss of a major ExxonMobil refinery outside Chicago on Monday night, resulting in a power outage, could soon lead to a significant increase in gas prices across the Chicago metropolitan area.

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Decathlon Singapore ramps up expansion plan for click-and-collect stores

Inside Retail

After opening its first global duty-free popup at Singapore’s Changi Airport last month, Decathlon has recently unveiled its strategic plan to expand to 37 “2-hour Click & Collect” locations islandwide by 2026. “Singapore is a living lab, allowing Decathlon to test a network of physical touchpoints in a very densely populated environment,” Stephan Veyret, CEO of Decathlon Singapore, told Inside Retail.

Planning 130
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Dunelm profits ahead of expectations after strong summer sales

Retail Gazette

Dunelm expects profits to come in slightly ahead of expectations thanks to a strong final quarter and consistent growth across the year. The homewares retailer reported total sales for the year edged up 4% to £1.7bn, driven by volume growth despite the “challenging consumer environment”. As a result, it expects pre-tax profits to come in slightly ahead of current market expectations at around £200m.

Outdoor 115
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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!