Wed.Mar 27, 2024

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How Retail Employees can Feel Safe to Learn Without Risk to Personal Brand

Retail TouchPoints

With so many shifts in the market, the pressure is on to upskill your workforce. However, there is a balance between getting employees up to speed quickly and effectively while also fostering open communication and confidence. The retail industry can benefit from adopting new ways of allowing employees to train safely, creating a path to progress without the risks to the learner, those who are evaluating them or the brand.

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Lawmaker Queries FDA Over Neuralink Inspection

Retail Wire

U.S. Representative Earl Blumenauer, deeply embedded in health policy, has directed inquiries toward the Food and Drug Administration (FDA). His concern? Why the FDA didn't scrutinize Elon Musk's Neuralink before greenlighting human trials for its brain implants.

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Google Personalizes Shopping Experience Using Customer’s Ratings and Brand Preferences

Retail TouchPoints

Google has begun using the zero-party data of customers’ thumbs-up/thumbs-down style ratings and brand preferences to better personalize its shopping experience, helping consumers find the exact products they want among the 45 billion listed by the search engine. These tools join Google’s AI-powered image generation feature, which shows customers photorealistic images that illustrate text queries like “colorful quilted spring jacket.

Shopping 299
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Pop Mart profit more than doubles as global expansion continues

Inside Retail

Collectible toy retailer Pop Mart says its net profit increased by more than 100 per cent last year. The growth is largely due to expansion in multiple markets, especially in Asia where the ‘blind box toy’ specialist’s next expansion plan is into Vietnam with the opening of its first two stores. The stores, set to open in May, will be located in District 7 of Ho Chi Minh City and the tourist resort destination Ba Na Hills near Danang, the president of Pop Mart International, Ju

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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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Miniso Continues U.S. Expansion with Plans for 12 New Stores

Retail TouchPoints

China-based lifestyle retailer Miniso is continuing its rapid expansion across the U.S., with plans for stores in a dozen new markets through a partnership with mall operator CBL Properties. The first wave of store openings started in November 2023 at malls in Roanoke, Va. and Winston-Salem, N.C., followed by a January 2024 opening in Myrtle Beach, S.C.

Planning 289
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Esprit posts $460 million loss in ‘distressing’ year

Inside Retail

Hong Kong-headquartered fashion retailer Esprit Holdings has reported an annual net loss of HK$2.339 billion ($460 million) following an “extremely difficult and distressing” year. Revenue for the year ended December 31 was HK$5.912 billion, representing a 16 per cent decrease. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.

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ACCC survey finds Australians skipping meals to feed children

Inside Retail

The Australian Competition and Consumer Commission (ACCC) is urging more consumers to participate in its survey on household spending as the consumer watchdog investigates the pricing practices of supermarkets. According to initial survey responses, some Australians have been skipping or sacrificing meals to feed their children. Moreover, many younger Australians and low-income households are spending up to 25 per cent of their net income on groceries, with some of them saying they now substitut

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M&S to Host Reality Competition Series to Find its Next Fashion Designer

Retail TouchPoints

British retailer Marks & Spencer (M&S) is on the hunt for a new fashion designer, and the search will play out on screens across the UK in a new reality TV series set to arrive on ITV1 and ITVX this fall. M&S: Dress the Nation (working title) will see 10 candidates compete in a series of design competitions over the course of six weeks, with the winner securing an in-house junior design role at M&S.

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Kate Spade CEO & brand president on creating social impact through collaboration

Inside Retail

Liz Fraser is the CEO and brand president of iconic American accessories brand Kate Spade New York. Prior to her appointment in 2020, Fraser was the president of luxury womenswear brand Lafayette 148 New York. In 2012 Fraser became the president of Marc Jacobs after over 13 years in the business before leaving to become the CEO of Anne Klein in 2015.

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2024 Brick-and-Mortar Openings will Bring Untuckit Close to 100-Store Mark

Retail TouchPoints

Untuckit will open at least 14 new brick-and-mortar locations this year, with the first seven set to open by May in California, New York, New Jersey, Florida and Georgia, according to multiple media reports. The apparel retailer currently operates 84 stores across the country. “Untuckit stores continue to be the backbone of our company,” said Founder Chris Riccobono in an interview with Yahoo!

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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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Taylor Swift’s concerts help boost February retail sales

Inside Retail

Taylor Swift’s The Eras Tour concert helped drive retail sales to a modest increase in February, according to the Australian Bureau of Statistics. February retail spending totalled $35.8 billion, up 1.6 per cent from the same month last year. “Seven sold-out Taylor Swift concerts in Sydney and Melbourne boosted retail spending this month, with more than 600,000 Swifties flocking to these events.

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Walmart Accelerates Clean Energy Commitments with Projects Generating Nearly 1 GW

Retail TouchPoints

Walmart is moving closer to its pledge of enabling 10 gigawatts (GW) of clean, renewable energy by 2030 — enough electricity to power 2 million households — with new commitments that will generate nearly 1 GW of electricity. These investments will add to Walmart’s existing portfolio , which consists of 600+ onsite and offsite renewable energy projects already in operation or underway in more than 10 countries.

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Fashion Enthusiasts Seek Algorithm-Free Shopping Inspiration on Substack

Retail Wire

Substack, an online platform that provides publishing, payment, analytics, and design infrastructure to support subscription newsletters, has become the go-to destination for young fashion enthusiasts wanting to escape algorithms.

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Esprit posts $300 million loss in ‘distressing’ year

Inside Retail

Hong Kong-headquartered fashion retailer Esprit Holdings has reported an annual net loss of HK$2.339 billion (US$300 million) following an “extremely difficult and distressing” year. Revenue for the year ended December 31 was HK$5.912 billion, representing a 16 per cent decrease. Revenue from e-commerce, wholesale and retail all dropped by 14-20 per cent, while licensing sales remained relatively stable.

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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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Amazon’s New Leased Retail Space in Washington Is Complete

Retail Wire

The latest addition to downtown Bellevue, Washington, is Vulcan Real Estate’s West Main project, leased by Amazon.

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Captain’s Choice: UK Gentleman’s grooming brand launches in India

Retail Focus

Premium men ’ s grooming brand Captain Fawcett is set to expand into India, landing in an industry that reached US$ 2.1 billion in 2023. The business expects the India opportunity to grow to a six-figure revenue in the next few years. The business, headquartered in King ’ s Lynn, Norfolk, was founded by Richie Finney following two decades working in the British film industry.

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Amazon Broadens Same-Day Pharmacy Delivery Service to New York City and Los Angeles

Retail Wire

Amazon is looking to make prescription delivery as seamless as possible for customers in New York City and Los Angeles by adding them to the list of cities where it provides same-day pharmacy deliveries.

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Culinary revolution: Meals in Minutes founders talk innovation, global expansion

Inside Retail

Malaysian-based food startup Meals in Minutes recently announced the securing of US$1.5 million in a seed round led by 500 Global, coupled with a strategic expansion plan spanning Malaysia, Singapore, and the United Kingdom, reflecting the growing market for convenience-based businesses. Founded in 2020 by Brandon Lim and Khiara Mia, the company introduced a concept in the form of frozen vacuum-packed, ready-to-cook meals in 15 minutes.

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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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Carnival Cruise Line Gets Ready for Celebration Key

Retail Wire

Carnival Cruise Line is gearing up for the grand opening of Celebration Key, its newest cruise destination on Grand Bahama, scheduled for July 2025.

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What The Iconic’s partnership with Cancer Council signals about retail’s power

Inside Retail

The Iconic has partnered with the Cancer Council with support from the Australian Government to promote sun-smart dressing as part of a joint cancer prevention and advocacy effort. The first-of-its-kind collaboration demonstrates the influence retail has on consumer behaviour beyond just checking out. Bringing its fashion lens to the Cancer Council’s research, The Iconic aims to motivate consumers to make more informed and healthier styling choices.

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SEC Wins Lawsuit Against Coinbase and Crypto

Retail Wire

In a courtroom showdown, the Securities and Exchange Commission (SEC) emerged victorious in its legal battle against Coinbase, a big name in the world of cryptocurrency.

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Selling a Probate Property As-Is vs. Renovation: Pros and Cons

Retail Focus

When an individual passes away, their property often enters a legal process known as probate. This process can be both emotionally and financially taxing for the heirs or executors involved. One of the primary considerations during this time is deciding the best approach to selling the probate property. The options typically boil down to selling the property as-is or undertaking renovations before putting it on the market.

Marketing 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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Jersey Mike’s Subs Gives Back Big Time

Retail Wire

Jersey Mike's Subs is doing something big again in line with their commitment to community engagement, they're not just serving up sandwiches; they're serving up kindness. For the 14th Annual Day of Giving, all 2,700 Jersey Mike's Subs restaurants across the nation are handing over 100 percent of the day's sales to more than 200 local charities. That's right, every penny earned, expected to tally over $21 million, goes straight to those in need.

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Bonmarché, Peacocks and EWM target 100 new store openings over next 18 months

Retail Gazette

Bonmarché, Peacocks and Edinburgh Woollen Mill (EWM) are set to open 100 new stores across the UK over the next 18 months as the retailers ramp up their expansion plans. The move will create 500 new jobs, and follows the launch of over 50 new locations in 2023 among the businesses. Drapers reports that in the upcoming year, Peacocks aims to secure locations within the M25, including areas like Brixton, Elephant & Castle, Tottenham, Uxbridge, and Woolwich, as indicated in a store requirement

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Crown Holdings Stocks Sold by Compagnie Lombard Odier

Retail Wire

Compagnie Lombard Odier SCmA, a significant player in the investment world, recently slashed its stake in Crown Holdings Inc.

Marketing 130
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Morrisons posts strongest like-for-like sales growth in three years

Retail Gazette

Morrisons has reported its strongest like-for-like sales growth in three years during its trading update for its first quarter. The supermarket saw like-for-like sales, excluding fuel, soar 4.6% from a 0.1% rise the year before. Total sales excluding fuel were up by 3.9% to £3.9bn. The news means Morrisons has seen seven consecutive quarters of like-for-like sales improvement, according to the business.

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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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Mega Millions Has a $1.13B Jackpot Winner From New Jersey

Retail Wire

One winning ticket was sold for the Mega Millions $1.13 billion jackpot in New Jersey.

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Linehouse creates greenhouse-informed food market in Shanghai

Dezeen

Architecture studio Linehouse has wrapped a food market in a Shanghai laneway neighbourhood around a central atrium informed by Victorian greenhouses. Named Foodie Social, the 2,000-square-metre food market is located within the Hong Shou Fang community – a residential area in Shanghai's Putuo district known for its classic "longtang" laneway architecture.

Marketing 115
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Mike Lindell’s MyPillow Evicted From Warehouse After Falling $200K Behind on Rent

Retail Wire

The entrepreneur must vacate the property located in Shakopee, Minnesota.

Location 130
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Shoe Zone lowers prices across core ranges

Retail Gazette

Shoe Zone has dropped prices across its core ranges as part of its commitment to deliver low-price and high-quality footwear for the whole family. The footwear retailer has lowered the prices on hundreds of products in eight of its key lines by as much as 13%. It said the price of men’s shoes, boots, kid’s sandals and girl’s school shoes had decreased by 3%, while kid’s canvas shoes and women’s sandals had dropped by 5% Meanwhile, prices in its women’s slipper

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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.