Retail Wire

AUGUST 27, 2024

The new McDonald's burger is trying to attain a similarly iconic status.

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Retail TouchPoints

AUGUST 27, 2024

As with many other retail sales “seasons,” formerly hard-and-fast dates about when back-to-school (BTS) selling starts — and perhaps more importantly, when it stops — have become more nebulous in recent years. BTS purchases certainly are starting earlier: according to the National Retail Federation (NRF) survey conducted by Prosper Insights & Analytics, more than half ( 55% ) of consumers already had started buying school items in July.

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Inside Retail

AUGUST 27, 2024

Guzman Y Guzman delivered revenue of $342.2 million in the last fiscal year, up 32.1 per cent, thanks to opening new restaurants. However, the fast-food operator’s statutory net loss widened to $13.7 million. This is the first time the Mexican fast food chain published financial results since its initial public offering on June 20. During the fiscal year, the company saw network sales of $959.7 million, an increase of 26.4 per cent.

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Retail TouchPoints

AUGUST 27, 2024

Urban Outfitters has collaborated with lifestyle brand Vera Bradley to launch a vintage-inspired capsule collection. The exclusive collection features six re-editions of some of Vera Bradley’s most popular bag styles in three new patterns that bring a nostalgic touch to contemporary fashion. The collection ranges in price from $15 to $100 and is now available at select Urban Outfitters stores and online.

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Fashion Marketing ATS Consumer 264

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Customer Experience

Inside Retail

AUGUST 27, 2024

Woolworths Group booked lower earnings despite higher sales in the last fiscal year. The supermarket chain’s net profit before significant items slid 0.6 per cent to $1.71 billion while net profit after significant items plummeted 93.3 per cent to $108 million. The group’s sales climbed 5.6 per cent to $67.92 billion. Its Australian food segment sales increased 5.6 per cent to $50.74 billion while Australian B2B sales rose 6.1 per cent to $4.59 billion.

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Net Profit Markdowns Supermarket ATS 275

Retail TouchPoints

AUGUST 27, 2024

Pharmaceutical company Pfizer has launched a new direct-to-consumer website, PfizerForAll , offering prescription delivery, vaccination scheduling, discounts on Pfizer medications and same-day appointments with healthcare professionals for common complaints such as migraines or respiratory symptoms. The move is not unprecedented — fellow pharmaceutical company Eli Lilly launched its own DTC site in January.

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Wholesale Fulfillment Consumer Management 259

Retail TouchPoints

AUGUST 27, 2024

Facing lingering supply chain issues and constantly changing consumer behaviors, retailers today are looking to large-scale transformations to better understand what customers want — and to deliver on those demands more quickly. But while most leaders readily accept that they need to spend money on things like system configurations, vendor contracts and project managers to oversee product rollouts, they’re often hesitant to invest in the change management resources required to accelerate transfo

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Inside Retail

AUGUST 27, 2024

Watch retailer The Hour Glass has opened its first boutique in Adelaide, South Australia, marking the brand’s eighth location in the country. The store, located inside the Adelaide Central Plaza, features a centrepiece, custom-made chandelier dubbed Temporal Grid, which pays homage to the city’s CBD grid. It has 285 suspended forged textured glass panels of various sizes and 36 pieces with Roman numerals etched, representing the 12 hours on a clock.

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Boutique Location Accessories Fashion 264

Retail Wire

AUGUST 27, 2024

Spirit Halloween announced its most expansive Halloween retail plans yet with a record-breaking 1,525 stores opening across North America this year.

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Location Planning 261

Inside Retail

AUGUST 27, 2024

Billionaire businessman Brett Blundy has agreed to sell his stake in Accent Group to UK-based Frasers Group, the Australian Financial Review has reported. Blundy, a director of Accent, has sold all of his 14.7 per cent stake in the company, which was valued at about $160 million. He first bought 14.4 per cent of Accent’s shares in November 2017 for $61 million and hit the 19 per cent mark in May 2022.

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Net Profit Marketing ATS Accessories 262

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Accounting

Retail Wire

AUGUST 27, 2024

The restaurant chain continues to reorganize by shuttering more locations and onboarding a new CEO.

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Location 264

Inside Retail

AUGUST 27, 2024

Sustainable Australian clothing and underwear brand Boody is looking to stake its claim in the global shapewear market, projected to be worth US$3.7 billion in 2028. As younger consumers drive demand for shapewear that smooths and contours without promoting unrealistic body image and beauty standards, Boody has launched its new Shaper range, which promises to be ‘The World’s most comfortable shapewear’.

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Fashion Promotions Marketing Management 147

Retail Wire

AUGUST 27, 2024

Michaels has just announced a three-year deal with the Dallas Cowboys as its Official Partner.

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Inside Retail

AUGUST 27, 2024

A recent Myer trading update will have analysts and investors thinking long and carefully about the bold proposal by the department store for a merger with Premier Investments. The proposed merger certainly seems to have benefits for Solomon Lew , chairman of Premier Investments, but the key question raised by the deal is whether or not it is beneficial to other shareholders.

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Department Stores Apparel Specialty Retailers Fashion 147

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Customer Experience

Retail Wire

AUGUST 27, 2024

Each beverage features one of the film's stars and delivers spine-tingling tastes.

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Inside Retail

AUGUST 27, 2024

As established luxury brands navigate complex market dynamics, emerging niche luxury labels are witnessing a notable uptick in consumer engagement and market presence. The Singapore luxury market is no exception. One of the beneficiaries of this shift is UltraLuxe, a company that hosts an annual festival, monthly events and regular pop-ups for niche luxury brands.

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Boutique Fashion Consumer Shopping 147

Retail TouchPoints

AUGUST 27, 2024

Stop & Shop , which operates 360 supermarkets across Connecticut, Massachusetts, Rhode Island, New York and New Jersey, will end tobacco sales by Aug. 31, 2024 as part of its commitment to community wellness. The retailer also will host two cigarette buyback events in neighborhoods within its market area that have higher rates of smoking and smoking-related health issues.

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Inside Retail

AUGUST 27, 2024

Furniture retailer Adairs saw its net income plunge during the last fiscal year, with the company citing macroeconomic challenges for the result. The company’s statutory net profit fell 17.8 per cent to $31.1 million as sales declined 4.3 per cent to $594.4 million. Its Focus on Furniture sales dipped 8.7 per cent to $129.6 million. During the period, Focus opened new stores in Helensvale, Queensland and Prospect, NSW.

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Net Profit Wholesale Promotions Shopping 147

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

Retail Wire

AUGUST 27, 2024

California's SB 1047 will place various requirements and restrictions on companies that develop AI models.

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Inside Retail

AUGUST 27, 2024

Thanks to its strong supermarket sales Coles has reported a $1.1 billion after-tax profit for FY24. Its focus on creating affordable products with its Coles ‘simply’ range and premium products with its Coles ‘finest’ range, in combination with its thousands of weekly discounts, has brought in customers seeking choice and value. “With ongoing cost-of-living pressures, we will continue responding to the needs of our customers with a focus on value through everyday low prices, weekly specials, Flyb

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Net Profit Supermarket Consumer Management 147

Retail Wire

AUGUST 27, 2024

SNICKERS is adding an enhancement to the upcoming NFL season predictions with its new SatisFORTUNES bite guide.

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Inside Retail

AUGUST 27, 2024

To say that Vivian Weng is a colourful player in the global beauty industry would be an understatement. Weng is the brand president of the leading colour cosmetics brand ColourPop, known for its viral, pop-culture-influenced collaborations and accessible price points. Inside Retail connected with the beauty executive to learn more about her path to joining ColourPop and her thoughts on the current state of beauty retail.

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Consumer Marketing Fashion ATS 130

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Wholesale

Retail Wire

AUGUST 27, 2024

Gemmy Industries has just introduced a new line of Peanuts-themed Halloween decorations available exclusively at Lowe's for the 2024 Halloween season.

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ATS 113

Inside Retail

AUGUST 27, 2024

Vuori is a California-based brand that has taken the athleisure market by storm. The direct-to-consumer brand was founded by Joe Kudla in 2014. After noticing a lack of high-quality activewear options for activities like yoga and surfing, he took it upon himself to launch Vuori. The name derives from the Finnish word for “mountain” and symbolizes the company’s goals of environmental sustainability and product quality.

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Retail Gazette

AUGUST 27, 2024

Home secretary Yvette Cooper has pledged to “end the shameful neglect” of shoplifting by the police as punishments have plummeted in recent years. An analysis by The Times using official figures from the Home Office, Ministry of Justice, and police forces found that just 431 shoplifters received fixed penalty notices — the lightest punishment for stealing items worth less than £100, in the year to March 2024.

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Shopping 122

Inside Retail

AUGUST 27, 2024

Retailers are operating in an era when margins are under pressure, and consumers – and investors – expect strict adherence to robust sustainability practices. So, it follows that accurate demand forecasting can be an indispensable tool in reducing waste, optimising sales, and managing the selling price throughout a product’s life cycle. Take multinational FMCG manufacturer Grupo Bimbo as an example: The parent of premium brands including Sara Lee, Entenmann’s and Thomas operates 59 bakeries in t

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Speaker: Jennifer Wright and Nick Barron

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Customer Experience

Retail Gazette

AUGUST 27, 2024

Iceland boss Richard Walker has warned Labour that a “shock” increase in minimum wage would bankrupt the frozen food specialist. Walker told The Telegraph that the new government was “absolutely right” to overhaul working practices, but that any changes must happen slowly to avoid a “disastrous” impact. Under the proposed workers’ rights overhaul, Labour plans to increase the minimum wage, end zero-hour contracts and give employees protection from unfair dismissal from day one.

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Retail Wire

AUGUST 27, 2024

If Klarna goes public next year, the fintech company could be valued at $20 billion.

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ATS 130

Retail Gazette

AUGUST 27, 2024

Hobbycraft has been snapped up by specialist retail investor Modella Capital for an undisclosed sum. Back in February, the arts and crafts retailer’s private equity owner Bridgepoint put the chain up for sale. The firm had invested heavily into Hobbycraft, more than doubling the retailer’s store estate and strengthening its distribution network with a new warehouse in Burton, Staffordshire.

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Returns Management Shopping 120

Retail Times

AUGUST 27, 2024

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The Single Cask – home to a warehouse in Glenrothes of over 3000 casks – has collaborated with drinks and hospitality charity The Drinks Trust to release an ‘Ultra Rare’ single cask whisky from Teaninich Distillery.

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ATS 111

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