Retail TouchPoints
FEBRUARY 28, 2024
Out-of-home (OOH) advertising has played an integral role in the media mix for decades due to its influence and impact. The vast majority ( 88% ) of U.S. adults have noticed an OOH ad within a one-month period and 78% of these consumers took some sort of action after, according to research from Morning Consult and the Out of Home Advertising Association of America (OAAA).
Inside Retail
FEBRUARY 28, 2024
Matthew Horn, – group GM, customer and digital, with Country Road Group – tops the rankings of Inside Retail’s 2024 Top 50 People in E-Commerce , sponsored by CouriersPlease. A self-described “accidental digital native” Horn left a career in corporate law to join the early leadership teams at The Iconic and Uber Australia. Now at Country Road Group, he is one of the key leaders driving the company’s digital and technological transformation efforts.
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Retail TouchPoints
FEBRUARY 28, 2024
Authentic , formerly known as Authentic Brands Group, has partnered with Fast Simon to help enhance merchandising, personalization and search capabilities across its extensive portfolio of brands. Authentic brands including Juicy Couture, Frederick’s of Hollywood and the newly launched Authentic.com already use the solution provider’s AI-powered technology, but now Fast Simon has become a preferred partner for other Authentic-owned brands such as DC Shoes and Reebok.
Inside Retail
FEBRUARY 28, 2024
Australian retail sales inched higher in January, with food-related spending leading the growth. Australian Bureau of Statistics data showed that January retail sales rose 1.1 per cent on a year-on-year and month-on-month basis. “The rebound in January follows a sharp fall in December when consumers pulled back on spending after taking advantage of Black Friday sales in November.
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Retail TouchPoints
FEBRUARY 28, 2024
Starbucks and the Workers United union have agreed on a framework for collective bargaining discussions for the nearly 400 stores represented by the union. They also have aligned on how to resolve litigation between the union and the company and are seeking to establish a fair process for workers to organize. As a sign of good faith, the coffee giant has agreed to provide workers who are union members with access to credit card tipping as well as the benefits provided to non-union Starbucks work
Inside Retail
FEBRUARY 28, 2024
Mosaic Brands has appointed Erica Berchtold, former The Iconic CEO and Rebel Sport MD, as its new CEO. Berchtold succeeds Scott Evans who is retiring after serving the company for nearly a decade. “As we accelerate our big box and digital strategy, Erica not only has the right skillset to drive the future direction of the group but also a strong understanding of our customers as a former GM of of two of our brands,” said Mosaic Brands chairman Richard Facioni.
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Inside Retail
FEBRUARY 28, 2024
US apparel and footwear company VF Corporation is taking control of its The North Face (TNF) business in Australia and New Zealand by transferring from a distributor model to a direct-sales model. The company expects the transition to be completed by the second half of this year. The change aims to maximise the full market potential of the brand as Australia and New Zealand are considered key retail markets.
Retail TouchPoints
FEBRUARY 28, 2024
In 1978, LEGO introduced a brand new line of construction sets branded LEGO Space. The sets in the series included parts and features built for science fiction adventure and were among the first to include the now-iconic LEGO minifigure. Winning toy of the year in Germany and the UK in 1979, LEGO Space helped drive a 50% increase in sales for LEGO that year.
Retail Wire
FEBRUARY 28, 2024
Family Dollar has been fined a staggering $41 million over a rat-infested warehouse in West Memphis, Arkansas. This warehouse distributes food, cosmetics, and medical devices to more than 400 stores across the South.
Inside Retail
FEBRUARY 28, 2024
The benefits of global e-commerce expansion are obvious: market diversification, new revenue streams, 24/7 business operations and increased brand awareness. While it’s tempting to go full steam ahead, it’s important to be strategic. Building a detailed plan will help minimise risk and focus you on those areas that will make the biggest impact for your business.
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Retail Wire
FEBRUARY 28, 2024
Walmart is facing legal scrutiny after allegations arose that the company had been overcharging customers for groceries sold by weight.
Retail Focus
FEBRUARY 28, 2024
Globally renowned lifestyle retailer, MINISO has announced the opening of its newest store at Westfield Stratford City. Nestled in the heart of Westfield shopping centre, on the lower ground floor near McDonald’s, MINISO will be opening its doors to the public at 12 pm on Friday, 1 March. Spanning just over 2000 sqft, the new store will feature exclusive beauty collections, such as Mad Beauty and the renowned K-Beauty brand TONYMOLY.
Inside Retail
FEBRUARY 28, 2024
Booktopia Group ’s revenue plummeted in the first half of FY24, which the retailer attributed to issues related to the transition to its new fulfilment centre. For the half ended December 31, revenue was down 22 per cent year-on-year to $86.3 million, with units shipped also down 21 per cent to 3.1 million. The decline was attributable to operational disruption from the transition to the company’s new Customer Fulfilment Centre.
Retail Focus
FEBRUARY 28, 2024
atria Watford, one of the UK’s most popular retail and leisure destinations, owned by property company SGS and asset managed by Global Mutual in conjunction with Savills as property managers, is pleased to announce that ZARA’s upsized store has opened at atria Watford. The newly opened ZARA store is located in a prime position in Charter Place and stocks the brand’s much-loved fashion ranges for women, men and kids.
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Inside Retail
FEBRUARY 28, 2024
The world’s best retailers – at least from an investor’s standpoint – are also among the most boring. There are some intuitive reasons why that might be true, and Walmart , the biggest retailer of them all, is a case in point. The CEO, Doug McMillon, has only ever worked for Walmart: He got a summer job there when he was in high school, unloading trucks at one of the company’s warehouses, and has never seen fit to alter his career path.
Retail Wire
FEBRUARY 28, 2024
Google has found itself in a legal tussle as 32 media conglomerates, including Axel Springer and Schibsted, collectively filed a hefty 2.1-billion-euro ($2.3 billion) lawsuit against the company.
Inside Retail
FEBRUARY 28, 2024
Acclaimed Indian skincare brand Minimalist recently announced its strategic expansion into three dynamic markets: Singapore, Vietnam, and Australia. With a commitment to science-backed formulations and transparency, Minimalist is aiming to redefine skincare standards worldwide. At the helm is Mohit Yadav. With a rich background spanning finance, entrepreneurship, and brand development, Yadav embodies the brand’s ethos of innovation and consumer-centricity.
Retail Wire
FEBRUARY 28, 2024
Warner Bros. Discovery has decided to halt discussions regarding the potential acquisition of Paramount Global, bringing an end to several months of speculation, according to sources familiar with the matter.
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.
Inside Retail
FEBRUARY 28, 2024
Harvey Norman’s net profit fell amid lower revenue in the fiscal first half as large format retail property yields softened and franchise fees declined. The furniture and electronics retailer’s attributable net profit plunged 45.3 per cent to $200.01 million as revenue slid 8.2 per cent to $2.15 billion. Franchising operations segment revenue fell 14 per cent to $511.81 million while overseas company-operated retail segment revenue went up 0.9 per cent to $1.4 billion.
Retail Wire
FEBRUARY 28, 2024
Starbucks workers in unionized cafes are set to receive pay increases mirroring those of their nonunion counterparts from May 2022. This development comes as the coffee giant and the Workers United union took a step forward in resolving their bargaining deadlock.
Inside Retail
FEBRUARY 28, 2024
Australia Post has developed its own-label retail product brand called JoyUp with an initial 50 items on sale. Available at more than 400 Post Offices, JoyUp includes various lifestyle products such as toys, back-to-school stationery, appliances, and accessories. More products will be released in stores over the coming months. Kayla Le Cornu, GM of retail product and supply chain, said the new line is part of Australia Post’s commitment to providing consumers with high-quality, low-cost i
Retail Wire
FEBRUARY 28, 2024
Wendy’s has clarified its digital menu board plans amidst controversy over possible "surge pricing." CEO Kirk Tanner assured analysts that while new digital boards will enable dynamic pricing, surge pricing, akin to Uber's model, won’t be implemented.
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Retail Gazette
FEBRUARY 28, 2024
The private equity owner of Asda has snapped up a majority stake in pet retailer Jollyes. The deal with TDR Capital will enable the pet specialist to invest in lower prices and accelerate its store opening programme to compete with rival Pets at Home. Details of the transaction were not disclosed, but the group’s current owner Kester Capital said the sale delivered a 4.2x return on its initial investment into the business in 2018.
Retail Wire
FEBRUARY 28, 2024
The Walt Disney Company has forged a partnership with India’s Reliance Industries, marking a departure from its solitary efforts to penetrate the Indian market.
Retail Gazette
FEBRUARY 28, 2024
Morrisons has unveiled a host of management changes as CEO Rami Baitiéh begins shaping up his senior team for the supermarket’s next chapter. Former Coles liquor chief executive Darren Blackhurst will take the reins from Rachel Eyre as interim chief customer and marketing officer while she is away on maternity leave. Blackhurst returns to Morrisons from 18 March, having previously worked for the grocer between 2015 to 2019 primarily as group commercial director.
Retail Wire
FEBRUARY 28, 2024
TikTok has announced that it would be getting a new leader for its global trust and safety unit.
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 Gazette
FEBRUARY 28, 2024
Frasers Group chief marketing officer Beckie Stanion has left her post and 20 jobs have been placed at risk as the company restructures its marketing team. The retail empire has launched a consultation period for the employees impacted by its move to “improve operational efficiency and delivery across all areas of marketing functions”, Drapers reported.
Retail Wire
FEBRUARY 28, 2024
American fashion retailer J.Crew is providing a better option for those who have swimsuits they no longer want through its fiber-to-fiber (F2F) recycling program.
Retail Times
FEBRUARY 28, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Kester Capital, a leading UK lower mid-market private equity firm, today announced that it has signed an agreement to sell its portfolio business, Jollyes Retail Group Limited (“Jollyes”), to TDR Capital. Jollyes is the second largest and best value pet retailer in the UK.
Retail Gazette
FEBRUARY 28, 2024
John Lewis Partnership’s operations director has said the business is creating “better quality jobs”, despite plans to reduce its headcount by 11,000 in the next five years. Naomi Simcock said the retailer’s investment into driving efficiencies across certain areas of the business had allowed it to create more purposeful roles. Speaking at the Smart Retail Tech Expo this week, she said: “I was in one of our supply chain depots where we’re rolling out robots at the moment, and the picking robots
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