Retail TouchPoints
AUGUST 2, 2024
New England clothing retailer Bob’s Stores is shutting its doors for good. The retailer filed for Chapter 11 bankruptcy in June and was unable to secure the necessary financing to keep its 21 brick-and-mortar locations open; all will be closed. Store merchandise, fixtures and other assets will be liquidated. The official date of closure was July 14, 2024.
Inside Retail
AUGUST 2, 2024
Crocs says its net income rose by 7.8 per cent in the second quarter to US$228.9 million as revenue grew 3.6 per cent to $1.11 billion. Crocs brand’s revenue increased 9.7 per cent to $914 million with its direct-to-consumer revenue rising 12.5 per cent to $479 million and wholesale revenue growing 6.9 per cent to $435 million. By market, Crocs brand’s sales climbed 3 per cent to $489 million in North America and soared 18.7 per cent to $425 million internationally.
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Retail Wire
AUGUST 2, 2024
Consumers continue to feel the pinch regarding the escalating cost of feeding their families.
Inside Retail
AUGUST 2, 2024
Amazon’s net income doubled in the second quarter, thanks to a pre-tax valuation gain and higher sales both in the US and international markets. The e-commerce giant’s net income stood at US$13.49 billion (A$20.8 billion), which included a pre-tax valuation gain of $400 million ($616 million) in non-operating income (expense) from the common stock investment in Rivian Automotive.
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Retail Wire
AUGUST 2, 2024
The new Domino's Cheeseburger Pizzas are only available in Japan.
Retail TouchPoints
AUGUST 2, 2024
For two and a half weeks, the eyes of the world are turned to Paris for the latest iteration of the Summer Olympic Games. As always, the international event has overflowed with countless feats of prowess and perseverance. But what happens on Aug. 11 when the Games end? That is exactly the question that the International Olympic Committee (IOC) , along with new partner Alibaba , are looking to answer with the Athlete365 Business Accelerator Program.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail TouchPoints
AUGUST 2, 2024
Target has set up Personalization Stations that allow kids to make their backpacks, water bottles, lunchboxes uniquely their own, both online and in most stores. Through Sept. 8, customers can use the stations to explore a range of decorative options, including exclusive pins and patches priced from just $2 each. “At Target, we’re passionate about creating memorable experiences for students and their families as they celebrate big milestones and everyday moments,” said Cara Sylvester, EVP and Ch
Retail Wire
AUGUST 2, 2024
The fashion lifestyle brand Brixton has launched its new Fall 2024 collection. The new collection revisits their heritage styles to celebrate diversity and individuality within communities.
Inside Retail
AUGUST 2, 2024
The Australian Competition & Consumer Commission (ACCC) has proposed an authorisation with conditions to the Australian Banking Association (ABA), its member banks, and other industry participants to facilitate business continuity planning in the cash-in-transit industry. The commission also proposes to allow the parties to implement business continuity measures in case of a suspension, disruption or exit of Armaguard ’s cash-in-transit services.
Retail Wire
AUGUST 2, 2024
Amazon blames consumers for slowing sales in 2024 second quarter.
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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.
Inside Retail
AUGUST 2, 2024
Gender-neutral skincare, fragrance, and lifestyle brand Malin + Goetz is known for its minimalist packaging and unique array of scents from a spicy version of strawberries to a refined take on cannabis. The brand marked its 20th year anniversary this year after reaching a reported US$50 million in revenue in 2023. It’s a far cry from the US$150,000 in savings with which life and business partners Matthew Malin and Andrew Goetz started the brand.
Retail Wire
AUGUST 2, 2024
Mercari has just announced plans for two major expansions regarding its U.S. operations. The company is now allowing U.S. shoppers to access inventory from its Japanese marketplace, offering a wide range of exclusive items such as fashion, sneakers, handbags, toys, collectibles, and electronics. This move enhances Mercari's global marketplace by enabling direct purchases from millions of Japanese sellers, with simplified shipping through The BEENOS Group.
Inside Retail
AUGUST 2, 2024
US-based accessories brand Dagne Dover epitomises the phrase “necessity is the mother of invention” The brand was founded by Melissa Mash, Deepa Gandhi and Jessy Dover, who were frustrated by the lack of bags with ample space and organised designs, and set out to make the bag of their — and their customers’ — dreams. Here is how Mash, who is also Dagne Dover’s chief executive officer, finds work-life balance as she and her team build a multi-generational brand.
Retail Wire
AUGUST 2, 2024
United Airlines recently made history again as becoming the first airline to start using sustainable aviation fuel (SAF) to be used at the O'Hare International Airport. This follows their pledge to become the first airline with net zero greenhouse gas emissions by the year 2050.
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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.
Tokinomo
AUGUST 2, 2024
Creating a seamless and unified shopping experience has become paramount. Retailers must effectively blend their online and offline channels, harness data to personalize interactions, and build cohesive brand identities across touchpoints. Technology plays a crucial role in achieving these goals, but it also presents its own set of challenges. This article will explore the concept of unified retail experiences, the role of technology in their creation, strategies for implementation, overcoming h
Retail Wire
AUGUST 2, 2024
The Nintendo Switch is getting old and it's driving down profit and sales for the gaming giant.
Retail Focus
AUGUST 2, 2024
There has been a lot of talk over the past decade or so about the idea of online retailers potentially replacing high-street shops as the first choice for consumers, but both sides have managed to find a balance so far. With that said, online retailers are leading their traditional counterparts in a number of areas, and there are more than a few things that brick-and-mortar can learn.
Retail Dive
AUGUST 2, 2024
Advertising and services, including the blockbuster cloud unit, remain the center of growth and profits for the e-commerce giant.
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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.
Retail Focus
AUGUST 2, 2024
Deciding how to finance your next car purchase can be a challenging decision. The two main options are taking out a personal loan from your bank or accepting finance from the car dealership. There are pros and cons to each approach. This article examines the key factors to help you make the right choice for your situation when buying a new or used car.
Retail Dive
AUGUST 2, 2024
The tie-up will put products in 16 of the department store’s locations and on its website.
Retail Gazette
AUGUST 2, 2024
B&Q is offering a new trial in Milton Keynes, Buckinghamshire, where shoppers can receive DIY supplies via robot. The home improvement retailer is piloting the delivery service in partnership with courier DPD, with a fleet of autonomous robots being used to bring smaller parcels directly to customers’ doors. Shoppers will be informed in advance if their order is set to be delivered by robot and after confirming their availability, the robot will be disptached.
Retail Customer Experience
AUGUST 2, 2024
To achieve lasting success, retailers must go beyond offering products to provide true value and purpose. Whether it's a dedication to sustainability, adaptability, emotional connection, or any other values, a brand needs to be more than just a product on shelves.
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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.
Retail Dive
AUGUST 2, 2024
Los Angeles fashion loses a retail icon and after abruptly closing stores this spring Foxtrot team members promise a return to the company’s roots.
Retail Gazette
AUGUST 2, 2024
Amazon sales have fallen short of analyst forecasts for both the current quarter and the next as cautious consumers seek out cheaper products. For the second quarter ending June 30, 2024, the ecommerce giant’s net sales rose 10% year-over-year to $148bn. Online stores sales rose 5% in the second quarter to $55.4bn, compared with a 7% gain in the first quarter.
Retail Dive
AUGUST 2, 2024
A court had ordered the employer to produce email files related to ongoing age discrimination litigation.
Retail Gazette
AUGUST 2, 2024
Crew Clothing is suing former chief executive David Butler over claims he paid himself more than £622,000 in bonuses and other awards that were never signed off. The fashion retailer has filed a lawsuit against Butler just 16 months after he stepped down following a failed buyout attempt, The Telegraph reported. Crew Clothing accused Butler of telling its head of HR Rupert Hay that the retailer’s owner Menoshi “Michael” Shina had agreed to pay him hundreds of thousands of pounds in salary increa
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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.
Retail Customer Experience
AUGUST 2, 2024
Any retailer can harness the power of engagement. It all boils down to how employees relate to customers.
A1 Retail
AUGUST 2, 2024
Shaftesbury Capital has unveiled a brand-new large-scale art installation, “Little Cloud World” in Covent Garden by Los Angeles-based artists Samuel Borkson & Arturo Sandoval III, known as FriendsWithYou. The London-first commission will be installed until October and features over 40 inflatable floating clouds in the Covent Garden Market Building.
Cisco Retail
AUGUST 2, 2024
When natural disasters or cyberattacks strike, communications are often the first to be impacted. In response, Cisco NERVs are on 24/7 standby for rapid deployment, providing advanced and secure communications for emergency responders during disaster recovery.
Retail Dive
AUGUST 2, 2024
The move makes JD Sports the first global partner of the connected program, and comes as Nike leans back into wholesale.
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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
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