Popeyes Combats ‘Sunday Scaries’ With Free Chicken Sandwiches
Retail Wire
AUGUST 19, 2024
Popeyes has entered the fast-food wars with its latest promotion.
Mon.Aug 19, 2024
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7-Eleven parent to review takeover bid from Canada’s Couche-Tard
Inside Retail
AUGUST 19, 2024
Seven & I Holdings, owner of convenience store chain 7-Eleven, has received a preliminary takeover offer from Canadian convenience store giant Alimentation Couche-Tard, parent of Circle K. The Japanese company has formed a special committee to review the proposal. A source familiar with the matter told Reuters that the talks are “at a very early stage”.
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The Retail Landscape Continues to Evolve — Data Departments Need to Keep Pace
Retail TouchPoints
AUGUST 19, 2024
The fate of retail performance for the second half of 2024 is anything but certain. Despite expectations that inflation, subsequent rate hikes and the lingering effects of the pandemic would negatively impact spending, consumption rates have remained surprisingly high. This counterintuitive trend has sparked debate among economists, analysts and retail executives about the sustainability of current spending patterns.
Coca-Cola and OREO Team Up in a Limited-Edition ‘Besties’ Flavor
Retail Wire
AUGUST 19, 2024
Both a soft drink and cookie will combine the tastes of Coca-Cola and OREO's iconic flavors for a limited time.
5 Ways You Can Win Faster with Gen AI in Sales
Advertiser: ZoomInfo
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.
Retail Food Group swings to net profit on store outlets expansion
Inside Retail
AUGUST 19, 2024
Retail Food Group swung to a net profit of $5.8 million amid an expanding network of store outlets during the past fiscal year. The company’s revenue increased 9.7 per cent to $132 million while earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged 611.3 per cent to $211.7 million. During the year, the company opened 92 additional outlets, alongside completing 131 franchise renewals and 43 refurbishments.
KFC Introduces New $5 Menu Deals, 3 New Saucy Nuggets Flavors
Retail Wire
AUGUST 19, 2024
KFC has announced new $5 deals to its Taste of KFC menu in the brand's latest salvo in the fast-food wars.
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Ikea Drones Will Employ AI to Work in Tandem with Fulfillment Employees
Retail TouchPoints
AUGUST 19, 2024
Ikea has embarked on the latest phase of drone adoption by rolling out an upgraded AI-powered system that will allow the drones to work efficiently alongside human workers in distribution centers. By integrating this new system into fulfillment spaces, Ikea’s operations will “run continuously,” the company shared in an announcement. Ikea initially adopted drone technology in 2021 when it partnered with AI and robotics company Verity to develop an autonomous drone solution for warehouses.
Temple & Webster’s $1 billion business plan and “openness to try new things”
Inside Retail
AUGUST 19, 2024
Becoming a billion-dollar business is no easy feat , just ask Kylie Jenner or Rhianna. However, Temple & Webster plans to join the club by investing in technology to scale and gain a competitive advantage. The Australian online furniture retailer is proof that you need to spend money to make money, and its investments in artificial intelligence (AI) development and new marketing channels are primed to keep the business on track.
General Motors Announces Restructuring and New Solar Plans
Retail Wire
AUGUST 19, 2024
General Motors (GM) has announced restructuring plans that will severely affect its tech campus in Detroit along with a 15-year renewable energy purchase agreement with NorthStar Clean Energy for three of its assembly plants.
Immersive Social, In-Store Experiences Drive Success for ‘Indiana Jones’ Collection Launch
Retail TouchPoints
AUGUST 19, 2024
Indiana Jones, played by mega-movie star Harrison Ford, is perhaps one of the most beloved characters in modern film history. So when Lucasfilm was preparing to release the fifth and final film in the character’s hit series, Indiana Jones and the Dial of Destiny , the studio focused on making a big splash. Lucasfilm and one of its tried-and-true partners, BoxLunch , launched an omnichannel campaign timed for the release of the fandom merch and gift retailer’s Indiana Jones-themed collection.
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
Circle K Attempts a Takeover of 7-Eleven
Retail Wire
AUGUST 19, 2024
7-Eleven and Circle K have made headlines today in a way that no one was expecting. This monumental move could shift the power in the convenience store sector.
Vicinity Centres acquires stake in Lakeside Jundaloop, doubles profit
Inside Retail
AUGUST 19, 2024
Vicinity Centres has acquired a 50 per cent stake in the Lakeside Jundaloop shopping centre in Western Australia from Future Fund for $420 million, and will co-own it with Lendlease-managed Australian Prime Property Fund – Retail. “With Lakeside Joondalup already achieving annual retail sales of almost $800 million, and with Vicinity’s scalable retailer partnerships, we are confident there is growth and value to be unlocked,” said Peter Huddle, Vicinity CEO and MD. “Impor
GM’s New Yukon Makes Its Debut
Retail Wire
AUGUST 19, 2024
The 2025 GMC Yukon, set to arrive late in 2024, introduces several high-end features and significant updates to the model line.
KMD Brands sales plunge across its entire portfolio
Inside Retail
AUGUST 19, 2024
In a trading update, KMD Brands says it expects to report lower sales across all brands for the past fiscal year despite improved performance in the third and fourth quarters. Based on preliminary, unaudited results, the group’s annual sales fell 11.2 per cent. Rip Curl’s sales declined 7.3 per cent, Kathmandu’s fell 14.5 per cent, and Oboz’s slid 20 per cent.
10 Ways to Leverage Buyer Signals and Drive Revenue
Advertiser: ZoomInfo
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.
Metrocentre plans £6 million investment into redevelopment of Green Mall entrance
Retail Focus
AUGUST 19, 2024
The Metrocentre Partnership has announced the submission of a planning application for the redevelopment of Metrocentre’s Green Mall entrance. The proposed scheme would represent significant investment to create new anchor units, enhance the public realm and landscaping, and revitalise one of the main gateways into the shopping centre. Designed by Leslie Jones Architecture, the proposals would bring a variety of welcoming and sustainable elements to the Green Mall entrance, such as enhanced biod
Wingstop To Open 6 More Stores in UK Amid Positive Q2 Results
Retail Wire
AUGUST 19, 2024
Wingstop continues to be profitable despite fast-food slumps.
Okanui taps ex The Iconic exec Alison Hamilton as new head of product
Inside Retail
AUGUST 19, 2024
Australian lifestyle apparel brand Okanui has appointed The Iconic ’s exec Alison Hamilton as its new head of product, handling both the men’s and women’s categories. Hamilton previously held roles including head of women’s mainstream at The Iconic and MD at Mavi Jeans, and spent 17 years establishing David Jones’ buying team.
All the Details About NFL Star Cam Jordan’s Little Caesars Investment
Retail Wire
AUGUST 19, 2024
The all-time sack leader for the New Orleans Saints invested in a Little Caesars franchise.
Modernizing the Frontend Experience on Salesforce Commerce Cloud
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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.
Einstein for Anypoint Code Builder: AI-Powered MuleSoft Development Is Here
Mulesoft
AUGUST 19, 2024
Artificial intelligence has already begun transforming the technology landscape, making its way into nearly every tool and platform that businesses rely on. From automating mundane tasks to providing intelligent insights, AI has become an integral part of how we work and innovate. At MuleSoft, we recognize the immense potential of AI and are actively investing […] The post Einstein for Anypoint Code Builder: AI-Powered MuleSoft Development Is Here first appeared on MuleSoft Blog.
Baby Bunting’s profit plunges amid challenging market conditions
Inside Retail
AUGUST 19, 2024
Baby Bunting booked significantly lower statutory profit in the last fiscal year amid challenging trading conditions and cost of living pressures. The company’s attributable net income plunged 82.8 per cent to $1.7 million as sales declined 4.9 per cent to $498.4 million. During the year, Baby Bunting opened four new stores and closed one in Camperdown, NSW.
FDA Approves Clotting Gel That Could Stop Life-Threatening Bleeding Within Seconds
Retail Wire
AUGUST 19, 2024
The Food and Drug Administration has approved a new clotting gel that could stop life-threatening bleeding within seconds.
India’s luxury couture competition heats up
Inside Retail
AUGUST 19, 2024
Earlier this year, Knight Frank’s study ‘The Wealth Report 2024’ estimated that India will experience the biggest increase in the number of ultra-high-net-worth individuals of any country between 2023 and 2028. India’s increasing wealth has made the market more attractive and competitive than ever for both local and international luxury brands, underscoring its status as a key player in the global luxury landscape.
Signal-Based Selling: How to Leverage 4 Key Buying Signals
Advertiser: ZoomInfo
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.
Morrisons pulls back on self-checkouts as boss admits it “went too far”
Retail Gazette
AUGUST 19, 2024
Morrisons boss Rami Baitiéh admitted the supermarket “went a bit too far” with self-checkouts as it looks to pull back on the technology. The chief executive told The Telegraph that the business is “reviewing the balance between self-checkouts and manned tills” and is looking to remove some from its stores after installing too many. He said: “Morrisons went a bit too far with the self-checkout.
ICX Summit: Customer feedback paramount to brands' success
Retail Customer Experience
AUGUST 19, 2024
Customer feedback is crucial for retail and restaurant success, driving improvements in products and services based on customer preferences. Learn innovative strategies on gathering and utilizing customer insights from industry experts at the Interactive Customer Experience Summit in Charlotte this September.
Aldi cracks 100% cage-free egg commitment ahead of schedule
Retail Gazette
AUGUST 19, 2024
Aldi has met its commitment to sell 100% cage-free eggs more than a year ahead of schedule. The discount grocer pledged in 2016 to phase out the sale of eggs and egg ingredients from caged hens by 2025. However, it revealed this week that all its stores now only sell cage-free eggs. Related Story Data: Aldi set to overtake Asda as UK’s third-largest grocer in 5 years 16/08/2024 x 12:12 PM Aldi managing director of buying Julie Ashfield said: “Improving animal welfare is incredibly importan
Best Buy launches AI-powered delivery tracking
Retail Dive
AUGUST 19, 2024
The company joins the growing ranks of retailers that are tapping artificial intelligence to enhance the shopping experience.
Website Security Essentials: Protect Your Site and Strengthen Cybersecurity
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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.
Morrisons hit with senior staff exodus as third of top execs exit
Retail Gazette
AUGUST 19, 2024
Morrisons has suffered a wave of senior management departures, with seven senior executives exiting over the summer, including convenience director Miles Foster, chief customer officer Darren Blackhurst, property director Mark Nowak, and productivity director Jonathan Bell. Since CEO Rami Baitiéh took over last November, nearly a third of the top 60 executives at the grocer have left, mostly resigning, The Sunday Times reported.
Kevin Plank can’t let go of Under Armour. Is that hampering a turnaround?
Retail Dive
AUGUST 19, 2024
Three CEOs have come and gone in the four years since Plank stepped down. Now, the sportswear brand’s founder is back with another plan to revive the brand amid flagging sales and relevance.
Wilko 2.0: How The Range owner plans to revive the discount chain
Retail Gazette
AUGUST 19, 2024
It’s coming up to a year since The Range owner Chris Dawson snapped up the Wilko brand out of administration and set about restoring the value chain. The self-made billionaire had planned to keep the retailer online only but quickly shifted gears following a nationwide campaign for the brand to return to the high street. “I was amazed at the love for the Wilko brand…especially in the north, it was like a bloody national outcry.
Fabrizio Freda prepares to step down as Estée Lauder CEO
Retail Dive
AUGUST 19, 2024
Freda has been at the helm for 16 years and will exit in the midst of a turnaround that has entailed layoffs and other leadership change.
Activating Intent Data for Sales and Marketing
Advertiser: ZoomInfo
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.
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