Retail TouchPoints

FEBRUARY 5, 2024

Retail media networks (RMNs) have taken the digital ad world by storm over the last few years. The ability to monetize your website(s) as a media network offers a new, welcomed revenue stream in a highly competitive and ever-evolving commerce landscape. As the RMN market is projected to surpass $100 billion in coming years, it’s no surprise that RMNs have been sprouting across various sectors, from hospitality and finance to conventional retail.

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Inside Retail

FEBRUARY 5, 2024

Department store chain Myer expects fiscal first-half sales and net profit to decline year over year amid a challenging trading environment. The company forecasts sales to fall 3 per cent to $1.83 billion, despite online sales increasing 2 per cent to $390.1 million. Online sales account for 21.3 per cent of the retailer’s overall sales. Myer, however, flagged a marginal increase of 0.1 per cent in comparable sales. “To match our best first-half sales result on record, on a comparabl

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Retail Wire

FEBRUARY 5, 2024

According to Federal Reserve Chair Jerome Powell, the time is nearing when interest rates will decrease. However, Americans need to wait just a little bit longer as the central bank wrestles with inflation.

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Retail TouchPoints

FEBRUARY 5, 2024

Ingka Group , parent company of Ikea Retail, has debuted an AI-powered home design inspiration and shopping tool on the OpenAI GPT Store. Consumers can use ChatGPT to describe their specific home design needs and receive customized recommendations, for example, “Show me a cozy living room layout for a small apartment with the use of sustainable materials.

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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.

Customer Experience

Inside Retail

FEBRUARY 5, 2024

Toys ‘R’ Us ANZ has decided to exit its UK business, citing an unsustainable business model and its negative impact on the group’s overall performance. Toys ‘R’ Us ANZ said that the UK division needs about $7 million of initial working capital to fund the expansion, which was expected to result in an initial operating loss of $6 million in the first 12 months.

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Retail TouchPoints

FEBRUARY 5, 2024

Save A Lot is bringing retail media capabilities to its network of 800 independently owned and operated stores to boost their competitive advantage and better serve price-conscious consumers. Through a partnership with Swiftly , the discount grocery chain will be able to expand its digital footprint while giving its retailers access to robust digital advertising services.

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Retail TouchPoints

FEBRUARY 5, 2024

Fashion brand Lulus has opened its first bridal boutique in Los Angeles, creating an experience designed to support brides throughout their entire experience — from engagement to honeymoon. The boutique, which opened Feb. 1, 2024, is in a specially designed space on the upper level of the Lulus on Melrose retail store, offering a curated selection of bridal gowns, bridesmaids’ dresses, bridal accessories and shoes.

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Retail Wire

FEBRUARY 5, 2024

The parent ad business of Facebook, Meta, is thriving again, while AI gives more sufficient support to its rise in capital spending.

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Retail TouchPoints

FEBRUARY 5, 2024

New Balance and Anthropologie have both announced new initiatives to enhance ongoing sustainability efforts: New Balance is now accepting and selling secondhand shoes in the U.S., while Anthropologie is bringing denim recycling to its stores year-round. New Balance Debuts ‘Reconsidered’ Program To launch its new Reconsidered resale program, New Balance has teamed up with resale tech platform Archive for its branded online experience and Tersus Solutions for the cleaning, fulfillment and warehous

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Retail Wire

FEBRUARY 5, 2024

In an elaborate scam, a multinational firm's finance professional was outwitted into transferring a staggering $25 million to fraudsters. The criminals posed as the company's top financial officer and other staff members, using deepfake technology, according to Hong Kong police.

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Finance 214

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Accounting

Retail TouchPoints

FEBRUARY 5, 2024

M.M.LaFleur is bringing back one of the positive elements of the 2020 elections, its Ready to Run program, which provides apparel — and now styling advice — to female political candidates. More than 1,000 women applied for the 2020 program, with the retailer lending clothes to more than 275 women running for positions from City Council to Congress. Among those participants, 183 got their names on ballots for that year’s election.

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Retail Wire

FEBRUARY 5, 2024

McDonald's has announced the nationwide rollout of its revamped "Best Burger.

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Retail TouchPoints

FEBRUARY 5, 2024

Culture has a profound influence on commerce. How we buy, why we buy and where we buy is driven by how we live and the cultural moments that shape our communities. This is a foundational theme for this year’s Retail Innovation Conference & Expo, which is why we’re thrilled to introduce our keynote speaker: Dr.

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Retail Wire

FEBRUARY 5, 2024

America's energy landscape is experiencing a profound shift. In an effort to combat the escalating climate crises, the U.S. has set an ambitious target to achieve 100% clean energy by 2035.

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Generative AI is reshaping retail, but achieving true AI success isn’t simple. Many brands face hurdles—underdeveloped data strategies, limited AI-ready infrastructure, or lack of seamless integration across systems. As you explore how AI can boost efficiency and transform customer experiences, understanding your business’s readiness is key. Orium's Data & AI Maturity Model offers a clear starting point.

Customer Experience

Inside Retail

FEBRUARY 5, 2024

The Body Shop has signed an agreement to sell its business in most of mainland Europe and parts of Asia, representing about 14 per cent of the company’s external revenue, RetailWeek reported. The company did not disclose the identity of the buyer but said it is an “international family office” “This further prioritises The Body Shop’s strategically important markets and global head franchise partner relationships, which it will look for opportunities to build,”

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Retail Wire

FEBRUARY 5, 2024

A new problem found during the production of 737 MAX jets will force Boeing to rework about 50 planes that still need to be delivered. The fuselage of the jets does not meet Boeing's requirements, according to a recent company memo.

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Inside Retail

FEBRUARY 5, 2024

As we venture into 2024, Australian retailers stand at the crossroads of evolving consumer behaviours, economic uncertainties, and technological advancements. ShipStation, the multichannel, multi-carrier shipping, and fulfilment e-commerce platform, is poised to redefine the retail landscape, offering innovative features to streamline workflows and enhance the overall shopping experience.

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Retail Wire

FEBRUARY 5, 2024

Steward Health Care has managed to gather the necessary financing that will keep its Massachusetts hospitals running. The funding will also provide the company time to consider possible transfer of its medical centers' ownership to other entities.

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Advertiser: Experience Retail Today

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.

Fashion

Inside Retail

FEBRUARY 5, 2024

Amazon.com has begun rolling out a new artificial intelligence assistant that is meant to address shoppers’ product questions, but the feature raises as many questions as it answers. Rufus, as the software is known, will help users, according to Amazon, by guiding them to the toaster ovens or dinosaur toys that best fit their needs. Yet Amazon has a history of steering customers towards products that most benefit Amazon, either because they are more profitable or are backed by advertising dollar

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Retail Focus

FEBRUARY 5, 2024

Sports performance and lifestyle brand Oakley has opened its second physical location in London, following their first store on King Street in Covent Garden. The new Oakley location at 23 Carnaby Street was launched with the special attendance of England and Arsenal forward Alessia Russo, who shared her enthusiasm for the brand’s ability to ‘[push] boundaries and [celebrate] who we are as individuals’ Carnaby is an iconic outlet shopping destination nestled in London’s We

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Inside Retail

FEBRUARY 5, 2024

A decade ago, the advertising and marketing sector was taken to task by Peter Field and Les Binet. In 2013, the duo, who have come to be known as the godfathers of effectiveness, published their book The Long a n d Short of It which called out brands for being too focused on short-term metrics. The pair argued that by neglecting to consider long-term data, brands were doomed from the start.

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Retail Wire

FEBRUARY 5, 2024

A recent Mega Millions lottery ticket, which was purchased in South Carolina, fell short of winning the grand prize by a single number.

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B2B distributors and wholesalers: this webinar is for you! Discover the game-changing potential of composable commerce—a flexible, modern approach to e-commerce—and explore the strategies and technologies transforming the B2B landscape. Learn how to create custom digital experiences for your business from the leaders at Orium , commercetools , and Contentful as they walk through real-world examples, providing actionable insights on how to future-proof your business, integrate new opportunities s

Wholesale

Inside Retail

FEBRUARY 5, 2024

Our Place, is a mission-driven start-up that has reimagined kitchenware to celebrate gathering and food traditions. The brand’s co-founder and co-CEO, Shiza Shahid, founded Our Place in 2019 with her husband to create a cookware brand that was rooted in authenticity and representation. Classic cookware brands hadn’t innovated for the younger consumer, resulting in a gap in the market for Our Place to create products for the modern, multiethnic and global kitchen.

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Retail Wire

FEBRUARY 5, 2024

High school history teacher from Las Vegas makes a viral TikTok video about an item misidentifying Black leaders.

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Retail Gazette

FEBRUARY 5, 2024

Hobbycraft owner Bridgepoint is understood to be exploring a possible sale of the crafts business, which could lead to a loss of tens of millions of pounds. The private equity firm has hired US investment bank Raymond James to explore strategic options for the retailer. The review could result in Hobbycraft, which employs around 1,500 people across 119 stores in the UK, being put up for sale, The Sunday Times reported.

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365 Retail

FEBRUARY 5, 2024

Scheduled for the 27th and 28th of February at ExCeL London, the Smart Retail Tech Expo is the UK’s leading expo for bringing digital innovation into the retail sector. The event is set to transform the venue into a central hub for retail technology, offering the latest developments to help businesses transition into the new digital era of retail.

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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

Customer Experience

Retail Gazette

FEBRUARY 5, 2024

Government minister Kevin Hollinrake has demanded Amazon unfreezes the funds it is holding back from hundreds of sellers under new VAT checks that have left some small businesses facing possible bankruptcy. The enterprise minister said he was “very concerned” after up to 400 traders appealed to small business commissioner Liz Barclay for help following the retail giant withholding their money for months.

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Retail Times

FEBRUARY 5, 2024

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Shark Ninja has announced plans for 20 new product launches and entry into three new categories at its inaugural EMEA Launch Event. The brand’s first EMEA Spring Forum was held in Palma, Mallorca, 1-2 February 2024, to underscore its expansion plans in the region as well as showcase its latest NPD.

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Retail Gazette

FEBRUARY 5, 2024

Sports Direct tycoon Mike Ashley has launched new legal battles against investment bank Morgan Stanley and HM Revenue and Customs (HMRC). The retail billionaire has filed data protection claims against the bank and government body at London’s High Court, The Sunday Times reported. It is unclear exactly what allegations Mike Ashley has levelled at the firms, but it follows a string of recent high-profile lawsuits on data protection.

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Retail Wire

FEBRUARY 5, 2024

Inflation is taking a bite out of Girl Scout Cookie sales.

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