Retail Wire

AUGUST 27, 2024

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

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290

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

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.

Markdowns 291

Markdowns Drop-Shipping Consumer Discount Store 291

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.

Net Profit 275

Net Profit Markdowns Supermarket ATS 275

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.

Consumer

Retail Wire

AUGUST 27, 2024

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

Location 264

Location 264

Inside Retail

AUGUST 27, 2024

The Shopping Centre Council of Australia (SCCA) has expressed alarm over the government’s proposed merger reforms, saying they are “poorly targeted” and add to the regulatory burden. The draft reforms require mandatory notification to the Australian Competition & Consumer Commission (ACCC) for all mergers and acquisitions valued at $35 million and above, including shopping centre transactions.

Shopping 274

Shopping Target Market Marketing Consumer 274

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.

Boutique 264

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.

Location 262

Location Planning 262

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.

Net Profit 262

Net Profit Marketing ATS Accessories 262

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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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

Fulfillment

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.

Fashion 224

Fashion Marketing ATS Consumer 224

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’.

Fashion 147

Fashion Promotions Marketing Management 147

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.

Wholesale 198

Wholesale Fulfillment Consumer Management 198

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.

Department Stores 147

Department Stores Apparel Specialty Retailers Fashion 147

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.

Planning

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

Management 180

Management Employee Engagement Returns Consumer 180

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.

Boutique 147

Boutique Fashion Consumer Shopping 147

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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147

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.

Net Profit 147

Net Profit Wholesale Promotions Shopping 147

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Customer Experience

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.

Shopping 144

Shopping Grocer Supermarket Marketing 144

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

Net Profit 147

Net Profit Supermarket Consumer Management 147

Retail Wire

AUGUST 27, 2024

A study found the best and worst Taco Bell locations in the United States.

Location 133

Location 133

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.

Consumer 130

Consumer Marketing Fashion ATS 130

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.

Marketing

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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130

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.

Sporting Goods 130

Sporting Goods Apparel Visual Merchandising Store Layout 130

Retail Wire

AUGUST 27, 2024

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

ATS 130

ATS 130

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

Promotions 130

Promotions Consumer Fashion Point of Sale 130

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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.

Shopping 122

Shopping 122

Retail Dive

AUGUST 27, 2024

The move could signal a potential bankruptcy on the horizon, according to Debtwire's global head of legal and restructuring.

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120

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.

Supermarket 122

Supermarket Planning ATS 122

Retail Customer Experience

AUGUST 27, 2024

In today’s retail environment, the holistic customer experience ultimately determines brand loyalty. AI-powered customer service solutions are essential for providing the personalized, efficient, and meaningful interactions that customers expect.

Customer Experience 119

Customer Experience 119

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.

Marketing