Wed.May 08, 2024

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Lateral moves are the secret path to the CEO role – here’s how to make them

Inside Retail

For women in retail who are aspiring to the highest level of leadership in an organisation, what is the best path to take up the corporate ladder? Meg Zalewski, Rebel’s general manager of retail operations, is a strong advocate for making “lateral moves” to gain experience in different parts of the business, rather than getting stuck in a specific function.

Finance 147
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What to Consider When Incorporating AI into Your Retail Business

Retail TouchPoints

Artificial intelligence has revolutionized the way businesses and individuals operate by using data to power tools that can analyze, respond, predict and create in a manner similar to the human brain. Today, it is hard to imagine any sector where AI has yet to be deployed in some capacity, including, increasingly, retail, which has turned to AI for everything from streamlining the supply chain to personalizing shopping experiences.

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“No immediate impact”: Experts weigh in on Senate Committee’s recommendations

Inside Retail

This week, the Senate Committee on Supermarket Prices made 14 recommendations for the Government to consider amending the Competition and Consumer Act 2010 to end the alleged price gouging of the major supermarkets. The Committee’s Competition and Consumer Amendment (Divestiture Powers) Bill 2024 was made public on Tuesday, after a months-long inquiry and tense hearings with the chief executives of Coles and Woolworths.

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Goodwill Debuts Free E-Waste Recycling in 42 Pennsylvania Locations

Retail TouchPoints

Goodwill Keystone Area has partnered with Reworld to offer no-cost electronics recycling at its 42 stores and donation center sites located across 22 central and southeastern Pennsylvania counties. Eligible devices — including TVs, computers, mobile devices, gaming systems, toasters and vacuum cleaners — will be repaired and resold; items at the end of their life will be responsibly recycled by Reworld, which has recycled more than 135 million pounds of e-waste to date.

Location 288
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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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Super Retail Group’s sales only slightly up despite 20 new stores

Inside Retail

Super Retail Group saw its sales inch up across the majority of its brands as it opened 20 stores but closed four during the first 43 weeks of the year. During the period, the group’s sales rose 2 per cent with the BCF division up 5 per cent, Supercheap Auto up 3 pr cent and Macpac up 2 per cent. The company noted that BCF benefited from strong inbound travel into New Zealand, which increased purchases in key tourist destinations, while Supercheap Auto sales gained from the strong demand i

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Contentsquare CMO Reveals Why Brands’ Best Acquisition Strategy is a Retention Strategy

Retail TouchPoints

Ecommerce sales are expected to hit $6.3 trillion in 2024 and continue to grow steadily through 2027, according to eMarketer research. Despite this macro growth, ecommerce site abandonment remains a big issue for all brands, regardless of their size or product category. One of the biggest reasons, according to data from Contentsquare , is that while merchants are investing in paid advertising to drive more traffic to their sites, their experiences are riddled with experience gaps that ultimately

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Meta To Broaden AI Image Generation Options for Ads

Retail Wire

Meta Platforms, the parent company of Facebook and Instagram, announced on Tuesday that it is expanding its lineup of generative AI advertising products.

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TikTok Sues to Prevent U.S. Ban, Calling Law ‘Obviously Unconstitutional’

Retail TouchPoints

TikTok has filed suit in the U.S. Court of Appeals for the D.C. Circuit, seeking to stop the recently signed legislation that would require the platform to be sold to a non-Chinese entity by January 2025 or be banned. The suit claims that banning TikTok is not only impractical but “obviously unconstitutional,” impinging on the free speech rights of the 170 million Americans who use it.

Shopping 258
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Rivian’s Losses Reach $1.45 Billion Amid Ongoing Cost-Reduction Efforts

Retail Wire

In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before turning over profits.

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Will Elvis Officiate? Shein Hopes to Woo U.S. Shoppers with Wedding-Themed Vegas Pop-Up

Retail TouchPoints

Discount shopping app Shein is headed to Las Vegas this Memorial Day weekend, where it will host a two -day wedding-themed pop-up dubbed the Shein Love Chapel. This latest Shein pop-up is part of an ongoing push to challenge the rise of fellow Chinese shopping platform Temu in the U.S., which is spending exorbitant sums in its own attempt to win the hearts of North American shoppers.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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FDA Says Eating Yogurt May Help With One Common Disease

Retail Wire

The Food and Drug Administration claims that yogurt could help with one common disease, but there's a catch as to not mislead consumers.

Consumer 275
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Five leadership lessons from L’Occitane Group’s head of travel retail in Apac

Inside Retail

In April, L’Occitane Group announced the appointment of Green Yip as regional managing director for travel retail Apac. With 15 years of proven leadership and a track record of success, Green Yip brings a wealth of experience and expertise in the beauty industry to the role. Throughout her career, she has held senior appointments at Estee Lauder and LVMH.

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Victorinox Pioneers Bladeless Multi-Tools

Retail Wire

Victorinox, globally recognized for its timeless Swiss Army Knife, is embarking on a new and different venture: the development of a bladeless version of its iconic multi-tool in adherence to stricter international laws.

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Banned Chinese cotton is widespread in global retailers’ merchandise – survey

Inside Retail

Traces of banned Chinese cotton were found in 19 per cent of a sample of merchandise selling at US and global retailers in the past year, a study showed, highlighting the challenges of complying with the US law aimed at blocking imports of cotton linked to forced labour in China. In the study released on Tuesday, researchers from natural resource analytics, isotope testing firm Stratum Reservoir and DNA lab Applied DNA Sciences analysed garment samples, cotton swabs and shoes from big box retail

Apparel 147
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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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Herbolario Navarro choose sustainable lighting solutions from Trilux

Retail Focus

Herbolario Navarro, one of Spain’s largest retail chains for organic products, has taken a significant step towards sustainability – with TRILUX as its lighting partner. The retail giant installed E-LINE NEXT LED in over 50 stores nationwide. The continuous lighting system sets energy efficiency standards and significantly reduces carbon footprint.

Shopping 147
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Amazon Touts ‘Full-Funnel’ Ad Capabilities with New Shoppable TV Formats

Retail TouchPoints

Still just in its first year of offering television advertising, Amazon already is looking to push the boundaries of interactive and shoppable TV. In advance of its debut Upfront presentation, the ecommerce juggernaut has introduced three new ad formats that make it easier for viewers to connect and shop with the brands that advertise on its Prime Video content.

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True Fit Democratises Fashion Genome and Unlocks Growth for Rising Fashion Brands in Shopify

Retail Focus

True Fit , the AI-driven platform that decodes size and fit for shoppers and fashion retailers, has announced that, following its launch in Shopify at the end of 2023, it is now driving a 14% average GMV growth for fashion brands on the platform, giving rise to the next generation of scaling fashion retailers. Having formerly only served the largest apparel retailers and brands in the world, True Fit has democratised its Fashion Genome to bring the benefit of AI size and fit to the full market.

Fashion 147
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St Kilda Mums rebrands as Our Village as its footprint expands

Inside Retail

St Kilda Mums, the Melbourne-based charity organisation, and its regional equivalents, Geelong Mums and Eureka Mums, are to rebrand as ‘Our Village’ with the financial assistance of L’Oréal Groupe. Founded in 2009 by a group of five mothers in St Kilda, the charity serves 79 local government districts in Victoria. Last year, the charity served over 20,000 newborns and toddlers in metropolitan and regional Victoria, rehoming over 65,000 goods worth more than $7 million.

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NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot

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.

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Climeworks Unveils ‘World’s Largest’ Carbon Capture Plant

Retail Wire

Amidst the global climate crisis, a groundbreaking solution emerges: the inauguration of the world's largest carbon capture plant, "Mammoth," in Iceland. Developed by Climeworks, this plant marks a significant stride in the pursuit of curbing planet-heating emissions.

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“Our mission is to make retail fair”: Wolf & Badger CEO George Graham

Inside Retail

The UK-based online platform for independent and ethical brands Wolf & Badger opened its first bricks-and-mortar location in London in 2010, before adding stores in New York in 2017 and Los Angeles in 2022. Today, the US is its largest market. Here, we speak with Wolf & Badger co-founder and CEO George Graham about his plans to continue driving global retail growth.

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New Starbucks Artist Collaboration Merch Announced

Retail Wire

Inspired by personal experiences and cultural heritage, artist Monyee Chau brings forth a collection under the Starbucks Artist Collaboration Series set to debut this summer.

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How Swee Lee’s immersive lifestyle store brings the cool factor to music retail

Inside Retail

Swee Lee, Southeast Asia’s leading omnichannel musical instrument retailer, recently announced the grand opening of a music lifestyle store at Clarke Quay, a landmark F&B entertainment precinct beside the iconic Singapore River. The immersive space allows visitors to sample and purchase instruments such as guitars, vinyl records and audio equipment.

Location 130
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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

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Palmer Candy Company Recalls 29 Products for Possible Salmonella Contamination

Retail Wire

The Food and Drug Administration (FDA) has recalled 29 of Palmer Candy Company's white-coated confectionary items because of the potential for salmonella contamination.

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Selfridges cuts jobs and blames loss of tax-free shopping

Retail Gazette

Selfridges is to make job cuts due to the loss of tax-free shopping and reduced luxury spending. The department store’s CEO Andrew Keith claimed the new set of redundancies had been caused by the government ditching tax-free shopping for international tourists, The Times revealed. Around 70 jobs will be lost, nine months after its previous set of redundancies.

Shopping 125
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Panera Halts Sales of ‘Charged Sips’ at Heart of Lawsuits

Retail Wire

Panera's Charged Sips allegedly caused two deaths, and now they're being pulled from the chain's menus.

ATS 147
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‘The death of the mall was a myth’: Brookfield Properties CEO on the evolution of an aging retail concept

Retail Dive

Kevin McCrain isn’t bothered by department store anchors closing and says retailers need malls because people like to shop there — including Gen Z.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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Peloton Stocks Soar 14% Amidst Potential Private Equity Buyout

Retail Wire

Peloton has been struggling since the pandemic ended. Now, it may be getting a reprieve.

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Frasers Group closes in on Ted Baker deal

Retail Gazette

Frasers Group is closing in on a deal to become the new British partner of struggling fashion chain Ted Baker. According to Sky News , the retail giant is set to be named the preferred partner for the retailer’s UK business following the collapse of its existing licensing partner No Ordinary Designer Label (NODL). Industry sources said that Frasers and NODL’s administrators hoped to reach a deal in the coming days.

Fashion 123
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Neri&Hu creates "wooden hut" and "cave-dwelling" interiors for Shanghai stores

Dezeen

Chinese studio Neri&Hu has completed two retail spaces for Shanghai fabric and fashion company Jisifang, using wood and concrete to evoke "a more primitive state of being". The two adjacent stores are located at Panlong Tiandi development in Shanghai. One was designed for Jisifang Boutique and the other for its sister brand Woven Moonlight, also owned by Jisifang.

Boutique 107
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The Body Shop could lose B Corp status following complaints

Retail Gazette

The Body Shop is at risk of losing its B Corp status, which it was first granted while under its previous owner Nature &Co. The ethical beauty retailer was awarded its certification in 2019, making it one of the biggest global B Corps and the biggest beauty chain with a B Corp rating outside Latin America, according to Retail Week. Speaking to the publication, a B Lab spokesperson, which assesses businesses seeking B Corp certification and monitors complaints on its members, said The Body S

Shopping 122
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How to Maximize Amazon Sales and Crush the Competition

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.