Wed.Aug 21, 2024

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What Walmart’s Bettergoods Means for the Value Wars

Retail TouchPoints

Rising costs created unprecedented challenges for grocers as dollar stores made their moves into the grocery space. A recent lapsed/lost analysis from InMarket found that grocery was the most susceptible category for losing customers to dollar stores for a national mass merchant. The “Value Wars” competition has forced both sides to adapt in order to attract and retain customers across all income levels, with dollar store chains launching higher ticket items and leaders like Walmart and Target d

Grocer 277
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Chick-fil-A Opens First-Ever Elevated Drive-Thru Restaurant Near Atlanta

Retail Wire

Chick-fil-A is set to launch its first elevated drive-thru restaurant on Aug. 22 in McDonough, Georgia, south of metro Atlanta.

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Bulletin Debuts Shopify Integration to Simplify Wholesale Deals

Retail TouchPoints

Online wholesale marketplace Bulletin has launched a Shopify sales channel app, enabling merchants to more easily integrate their product listings and better manage orders to grow their brands via wholesale partnerships. [Editor’s note: Both Bulletin and Retail TouchPoints are subsidiaries of live event and media company Emerald.] Through the new integration, merchants can now bulk import their product listings from Shopify to Bulletin, and any updates made in Shopify will be automatically synce

Wholesale 289
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Universal Store’s net profit surges 45.3 per cent

Inside Retail

Universal Store Holdings saw its net profit surge 45.3 per cent to $34.3 million in the last fiscal year, thanks to group sales rising 9.7 per cent to $288.5 million. The company attributed the increase to the continued growth of its Universal Store segment with second-half like-for-like sales rebounding to 6.6 per cent, ongoing rollout of the Perfect Stranger’s retail format, completion and contributions of the Cheap Thrills Cycles (CTC), and the net store count increasing to 102.

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Modernizing the Frontend Experience on Salesforce Commerce Cloud

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.

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Uniqlo Sister Brand GU Plans September U.S. Debut

Retail TouchPoints

GU (pronounced “gee-you”), a sister brand of apparel retailer Uniqlo , will make a splashy, multi-channel entrance into the U.S. next month with the simultaneous debut of its ecommerce site and a 10,225-square-foot NYC flagship. The two -story location in the trendy SoHo neighborhood will offer men’s and women’s clothing as well as shoes, bags and accessories.

Planning 278
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Super Retail Group achieves record sales of $3.9 billion

Inside Retail

Super Retail Group achieved record sales of $3.9 billion in the last fiscal year, up 2 per cent, led by Supercheap Auto, BCF and Macpac’s performance. Supercheap Auto’s sales increased 3 per cent to $1.50 billion while BCF’s sales grew 5 per cent to $879 million. Macpac’s sales rose 3 per cent to $222 million. However, Rebel’s sales fell 1 per cent to $1.29 billion with a one-off impact of revenue deferral of $7 million relating to its new points-based club member loyalty

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Macy’s Earns a Profit in Q2 2024 Despite Decline in Net Sales

Retail Wire

Macy's announced a second-quarter profit of $150 million, which is substantially better than the same quarter last year.

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Walmart Sells Off Stake in Chinese Ecommerce Site JD.com

Retail TouchPoints

Walmart has sold its shares in Chinese ecommerce player JD.com , ending its direct investment in the Alibaba rival after more than eight years. The relationship began when Walmart sold its China ecommerce operations to JD.com in June 2016 , taking a 5% stake in the company as part of the deal. By February 2017 , Walmart had increased its investment to 12.1% , and in August 2018 Walmart and JD.com invested $500 million in Chinese grocery delivery company Dada-JD Daojia.

Marketing 264
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Sara Blakely, founder of Spanx, sets off on a new mission: high-heeled sneakers

Inside Retail

Shapewear company Spanx’s founder Sara Blakely has launched Sneex, a sneaker-heel brand that she says combines classic high heels with the performance and comfort of a sneaker. The hybrid heels are made of napa leather and suede from Italy and Spain and come in three different styles (single strap, double strap, and wide strap) and 10 colourways. According to the brand, Sneex was founded to address three major issues in high-heel construction: a lack of support between the foot and the sole of t

Consumer 264
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Target Sees Increased Profit and Customer Traffic in Q2 After Reducing Prices

Retail Wire

Retail giant Target adjusted its annual profit forecast higher after a strong second quarter.

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Website Security Essentials: Protect Your Site and Strengthen Cybersecurity

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.

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Jordan Brand’s ‘District 23’ Olympics Installation Epitomized Design with a Purpose

Retail TouchPoints

Even for a brand known for doing things in a big way, Nike had an outsized presence at this Olympics, spending more in Paris than it has at any previous Games. In addition to outfitting more than 100 federations across team and individual sports (including Team USA) with kits that featured a reinvented Nike Air, the sportswear brand also: Aerial shot of the exterior of Nike’s ‘Art of Victory’ exhibit at the Centre Pompidou.

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Jamba Is Celebrating National Waffle Day. Here’s What You’ll Get

Retail Wire

Jamba is offering a full menu for a limited time.

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Collins Foods flags lower margins due to weak consumer sentiment

Inside Retail

Collins Foods , a franchisee of KFC and Taco Bell, has warned of lower margins in the fiscal first half amid weak consumer sentiment and high cost inflation. In the first 16 weeks of FY25, the company has achieved a 1.1 per cent increase in sales. However, same store sales were negative, reflecting weaker consumer sentiment in Australia and Europe and the impacts arising from the conflict in the Middle East.

Consumer 173
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Hotly Anticipated Fall Menu Returns to Starbucks Stores

Retail Wire

Get ready for some of the most beloved tastes of the season as Starbucks brings back its fall menu.

Returns 261
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Is Your Business AI-Ready? Find Out with Orium’s Maturity Model

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.

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Ebay Forges Content-Commerce Tie-Up with ‘The Athletic’ Centered on Sports Collectibles

Retail TouchPoints

Sports publication The Athletic has debuted a new editorial vertical dedicated to collectibles and entered a partnership with Ebay to make relevant collectibles purchasable on the publishers’ website. The Athletic , now owned by The New York Times, is known for its coverage of all things sports, and that coverage will now extend to sports memorabilia — a growing market that both the publication and Ebay are looking to capture.

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Sharpie Sponsors Art Battle Los Angeles, Showcasing New Creative Markers

Retail Wire

Newell Brands' Sharpie is set to boost creativity at Art Battle Los Angeles on Aug. 24 at Academy LA.

ATS 255
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Booktopia’s new owner: “Not here to throw out the baby with the bathwater”

Inside Retail

Following this week’s announcement that the founder and owner of DigiDirect, Shant Kradjian, won the bid for failed ASX-listed Booktopia, Inside Retail asked Kradjian about his interest in acquiring the business, his plans to restore the brand to its former glory and how he will approach the inevitable challenges. Inside Retail: Why was Booktopia the ideal next business to add to your portfolio alongside DigiDirect?

Returns 147
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Peet’s Coffee Unveils All-New Fall Menu With More Than Just Pumpkin Spice

Retail Wire

Peet's Coffee's fall menu includes food and beverages.

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Master Off-Page SEO: Boost Traffic, Build Trust, and Drive Conversions

Off-page SEO is the key to building trust, attracting qualified traffic, and boosting conversions. This guide explores how to leverage backlinks, guest blogging, social media, and influencer marketing to expand your website’s reach and authority. Discover the synergy between on-page and off-page SEO, ensuring your site is optimized for success. Learn how to create valuable content, engage with online communities, and track your progress to fine-tune your strategy.

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The Reject Shop’s net profit plunges amid rising costs, shrinkage

Inside Retail

The Reject Shop’s net profit declined significantly despite higher sales in the last fiscal year. The discount retailer’s net profit plunged 35.9 per cent to $4.7 million while sales grew 4.1 per cent to $852.7 million. “Like many Australian retailers, The Reject Shop continues to face near-term margin pressure from rising costs and higher shrinkage, which adversely impacted profitability in FY24,” said Steven Fisher, The Reject Shop chair. “In order to address thes

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USPS To Unveil New Holiday Stamps at Smithsonian’s National Postal Museum

Retail Wire

The U.S. Postal Service will reveal its 2024 holiday stamp collection at a dedication ceremony on Sept. 14 at 10:30 a.m. EDT, hosted at the Smithsonian’s National Postal Museum.

ATS 147
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30-day free trials increase conversions by 273%, yet 3 in 4 e-commerce sellers didn’t use the strategy in 2023

Retail Focus

New data shows 30-day free trials are the most effective method of paid customer conversions – almost four times (273%) more likely to convert a customer than 14-day free trials. Findings also show free trials are 28 times more effective than free products. However, despite its effectiveness, and at no cost to the business, nearly 3 in 4 ecommerce sellers didn’t use the approach in 2023.

ATS 147
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Amazon allowing sellers to ditch physical returns

Retail Dive

The offering for Fulfillment by Amazon users helps them avoid fees by simply having customers keep items, the company said.

Returns 136
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Is Your Brand AI-Ready? Find Out with Orium’s Maturity Model

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.

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Can Temu replicate its success in Western markets in Southeast Asia?

Inside Retail

In a strategic move to expand its footprint in Southeast Asia, PDD Holdings’ e-commerce platform Temu launched operations in Thailand last month, following its entry into Malaysia and the Philippines last year. However, Southeast Asia’s unique and complex e-commerce landscape raises the question: Can Temu replicate the success it has achieved in Western markets?

Marketing 130
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Olive Garden’s Never-Ending Pasta Bowl Promotion Returns

Retail Wire

Pasta, soup, salad, and breadsticks all for the same price as 2022.

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Macy’s Q2 sales disappoint as stores slated for closure post steep declines

Retail Dive

The department store is preparing for its all-important holiday quarter with a value message that goes beyond discounts, executives said.

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Mars Celebrates National Dog Day With Limited-Edition ‘Mars Summer Treat Pack’

Retail Wire

In celebration of National Dog Day, Mars Incorporated is introducing its first-ever "Mars Summer Treat Pack," featuring M&M’S Ice Cream Cookie Sandwiches for pet parents and GREENIES Dental Treats for Dogs.

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Turn Your Website Into a Money-Maker: Tips for Small Business Success

Your website can be more than just a digital presence—it can be a thriving profit center. Discover proven strategies to monetize your website, whether you sell physical products, digital downloads, or services. Learn the importance of user-friendly design, high-quality content, and tailored marketing to meet audience needs and boost engagement. Explore options like e-commerce, affiliate marketing, and subscriptions, and use analytics to optimize for success.

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Foot Locker partners with Nike, Jordan on basketball concept at revamped flagship

Retail Dive

The “Home Court” space is the result of a “shared vision” between the athletics retailer and Nike, but it still features other major brands.

ATS 122
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Frasers Group set to buy another shopping centre

Retail Gazette

Frasers Group is ramping up its property acquisitions with plans to add another shopping center to its portfolio. The Mike Ashley-owned group is in the process of acquiring Fremlin Walk, an outdoor shopping centre in Maidstone, from M&G Real Estate. The 350,000 sq ft complex, which opened in 2005, houses retailers such as H&M, Boots, JD Sports, and Pandora, generating an annual income of £4.3m.

Shopping 119
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Same day services, price cuts drive Target growth in Q2

Retail Dive

Results show that deal-hunting consumers are “still willing and able to spend,” said the retailer’s Chief Commercial Officer Rick Gomez.

Consumer 122
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Building trust: Delivering personalization while safeguarding privacy

Retail Customer Experience

Instead of seeing personalization and privacy as opposing forces retailers should view the two as allies that evolve together to form one unified commitment to customers.

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Mastering E-commerce Strategies to Drive Growth in B2B Distribution

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