Retail Wire

AUGUST 19, 2024

Popeyes has entered the fast-food wars with its latest promotion.

Promotions 289

Promotions 289

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.

Consumer 306

Consumer Markdowns Promotions Advertising 306

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”.

Location 290

Location Planning Marketing ATS 290

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.

Fulfillment 289

Fulfillment Customer Experience Location Management 289

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Management

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.

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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.

Net Profit 278

Net Profit Location Consumer 278

Inside Retail

AUGUST 19, 2024

Country Road Group has reportedly appointed former Levi Strauss executive Nicolas Versloot to lead the company’s namesake brand temporarily. Versloot, who was head of Levi’s Canada from 2018 to 2023, will be the interim MD of the Country Road brand as the search for a permanent boss continues. His appointment came after Elle Roseby’s departure last month.

ATS 277

ATS Accessories Fashion 277

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.

Promotions 274

Promotions Shopping Marketing Location 274

Inside Retail

AUGUST 19, 2024

Dymocks Group has named Alison Evans as CEO of stationery retailer Milligram and its wholesale counterpart Telegram Co, effective September 19, succeeding co-founder Scott Druce. Currently, Evans serves as head of omnichannel retail at Milligram and Telegram Co. “Her strategic vision and impression background will be invaluable as we move forward.

Wholesale 276

Wholesale Customer Experience Management ATS 276

Retail TouchPoints

AUGUST 19, 2024

Canada-based convenience store giant Alimentation Couche-Tard will continue its U.S. expansion with the acquisition of the 270 -store GetGo Café + Markets chain from Giant Eagle. No financial details about the transaction, which is expected to close in 2025, were disclosed. Additionally, in a move that would be a seismic shock in this sector, Couche-Tard has made a “friendly, non-binding proposal” to acquire Seven & i Holdings Co. , the Japanese company that operates more than 80,000 7-Eleve

Kiosk 271

Kiosk Supermarket Location Planning 271

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Finance

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.

Planning 262

Planning Net Profit Shipping Marketing 262

Retail TouchPoints

AUGUST 19, 2024

Apparel retailer Ted Baker will reportedly close its 31 remaining UK stores this week, according to the BBC and other news outlets. The company that operates the shops, No Ordinary Designer Label (NODL), has been in administration — the UK’s version of bankruptcy — since March 2024. U.S.-based Authentic Brands Group owns Ted Baker’s intellectual property, while NODL is the holding company for its UK operations.

Apparel 258

Apparel Returns Location Shopping 258

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.

Planning 246

Planning 246

Retail TouchPoints

AUGUST 19, 2024

Abercrombie & Fitch Co. (A&F Co.) has teamed up with childrenswear licensee Haddad Brands to bring its Abercrombie Kids line to other retail channels globally. Haddad distributes in more than 100 countries and holds similar licenses for brands including Nike , Levi’s , Polo , Tommy Hilfiger and Huggies. Under the agreement, A&F Co. will continue to design, produce and sell the Abercrombie Kids product in its owned-and-operated channels as it does today.

Accessories 232

Accessories Apparel ATS Marketing 232

Advertiser: ZoomInfo

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Marketing

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.

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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

Net Profit 147

Net Profit Kiosk Department Stores Supermarket 147

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.

147

147

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.

Wholesale 147

Wholesale Consumer 147

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Advertising

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

Planning 147

Planning Shopping Management Consumer 147

Retail Wire

AUGUST 19, 2024

Wingstop continues to be profitable despite fast-food slumps.

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147

Inside Retail

AUGUST 19, 2024

The last time Inside Retail spoke to Arc’teryx’s local retail operations manager, Byron Dawson, he spoke to how customer demand was outstripping its supply many times over. “Do I feel we’ve satisfied demand in Australia and New Zealand? Certainly not,” Dawson told Inside Retai l. “I think there’s a lot of demand, both in Melbourne, Sydney and the rest of the country that is not currently being satisfied,” he added.

Outdoor 147

Outdoor Location Management Marketing 147

Retail Wire

AUGUST 19, 2024

The all-time sack leader for the New Orleans Saints invested in a Little Caesars franchise.

147

147

Advertiser: ZoomInfo

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Marketing

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.

Fashion 147

Fashion Apparel ATS Accessories 147

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.

ATS 142

ATS 142

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.

Marketing 130

Marketing Net Profit ATS 130

Retail Wire

AUGUST 19, 2024

The Canadian T&T chain is expanding into the U.S. with its first California store opening at the Westgate Center in San Jose.

Supermarket 130

Supermarket ATS 130

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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.

Fashion 130

Fashion Boutique Marketing Consumer 130

Retail Wire

AUGUST 19, 2024

The Food and Drug Administration has approved a new clotting gel that could stop life-threatening bleeding within seconds.

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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.

Checkout 128

Checkout Supermarket ATS 128

Retail Dive

AUGUST 19, 2024

The company joins the growing ranks of retailers that are tapping artificial intelligence to enhance the shopping experience.

Shopping 126

Shopping 126

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