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 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.
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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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.
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
Consumers continue to feel the pinch regarding the escalating cost of feeding their families.
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Retail Wire
AUGUST 2, 2024
There's a nice selection of Mediterranean inspired foods by Jimmy John's.
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
The new Domino's Cheeseburger Pizzas are only available in Japan.
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.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
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.
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
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.
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.
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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 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.
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 Wire
AUGUST 2, 2024
The Nintendo Switch is getting old and it's driving down profit and sales for the gaming giant.
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.
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.
Retail Wire
AUGUST 2, 2024
Amazon blames consumers for slowing sales in 2024 second quarter.
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.
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.
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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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
365 Retail
AUGUST 2, 2024
Social media has become an essential element in modern marketing, not merely something marketers could benefit from having on hand. By April 2024, 5.07 billion people, or 62.6% of the global population, were regular social media users , underscoring its essential nature within your overall marketing plans. Engaging this huge online community offers unmatched opportunities for businesses.
Retail Gazette
AUGUST 2, 2024
TikTok Shop is raising its seller base commission fees in the UK from 5% to 9% from 2 September. The changes come as the platform focuses on building the “marketplace of the future” by prioritising live commerce and shoppable content. TikTok Shop is also introducing a “seller missions” programme, enabling UK sellers to reduce their fees if they create a “target number of TikTok live or shoppable videos”, Retail Week reported.
LS Retail
AUGUST 2, 2024
©iStock/LeMusique According to US media reports , the All-American Flag Act has been passed by Congress, requiring the federal government to purchase only American flags that have been completely manufactured in the US. Advocates of the measure argue that in 2017, the US imported some 10 million American flags, and 99.5 percent of them came from China.
Retail Gazette
AUGUST 2, 2024
Morrisons is planning to revamp its More loyalty scheme in September as part of its turnaround efforts led by chief executive Rami Baitiéh. The free membership scheme, which relaunched last year after the supermarket opted for a cardless rewards in 2021, is a major part of the new CEO’s recovery plan. Baitiéh is understood to have informed suppliers that investment into the loyalty programme will include a major expansion of exclusive member pricing, The Grocer reported.
Speaker: Jennifer Wright and Nick Barron
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
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.
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
Advertising and services, including the blockbuster cloud unit, remain the center of growth and profits for the e-commerce giant.
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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With over 9 million sellers on Amazon, online marketplaces are more crowded than ever. Whether you’re looking to fine-tune prices in real-time or align strategies across channels, this guide provides the tools to understand how to maximize sales and secure a lasting competitive edge. Download now to transform your pricing strategy and drive holiday success.
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