Inside Retail
MARCH 17, 2024
While Baby Boomers and Gen X spent more on online shopping last year, the younger generations reduced online spending amid financial pressures, according to an Australia Post study. Baby Boomers spent $12.5 billion on online purchases last year, up 7 per cent, the 2024 Inside Australian Online Shopping Report showed. Similarly, Gen X spent $17.5 billion, a slight increase of 1 per cent.
Retail Focus
MARCH 17, 2024
Touchwood shopping centre is approaching full occupancy following the arrival of Oliver Bonas at the Solihull destination. The fashion, jewellery, homeware and gifts brand has taken a ten-year lease of unit 26 within the Mill Lane Arcade area of the scheme, totalling 3,015 sq ft. The latest letting brings Touchwood to 98.5% let, and further strengthens what is already the region’s leading retail line-up.
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Inside Retail
MARCH 17, 2024
The Australian Competition and Consumer Commission (ACCC) has blocked a Bakers Delight plan to install a new product price tiering system for a range of promotional products in its new point-of-sale system. The ACCC rejected the application by the franchisor to change how some discounts are applied because of concerns about franchisees’ inability to set prices based on local market conditions and costs.
Retail Focus
MARCH 17, 2024
Fabb Furniture’s first Nottingham store opened its doors on Friday, March 15, at Castle Marina Retail Park. The store, the home retailer’s 22nd store nationwide, will be a debut partnership between Fabb Furniture and Bensons For Beds, offering locals the ultimate home comforts and experience. To mark the occasion, a Grand Opening Sale and Celebration Savings took place at the store, providing customers with a warm welcome.
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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.
Inside Retail
MARCH 17, 2024
When McDonald’s first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus, and its customers paid cash to its human cashiers. How quaint. Today technology so infuses every aspect of McDonald’s business that it would only be a slight exaggeration to call it a tech company that happens to sell burgers.
Retail Gazette
MARCH 17, 2024
M&S is close to finalising an agreement with one of the UK’s largest high street banks to revamp its banking division into a financial services and loyalty ‘superapp’ The retail giant and HSBC, whose UK arm owns M&S Bank, are close to making a new long-term relationship agreement that will set the stage for an overhaul of the business, Sky News reports.
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Retail Gazette
MARCH 17, 2024
Selfridges is said to be attracting interest from Saudi Arabia and Kering, the parent company of Gucci, as the financial troubles of the department store’s co-owner spark a competition for ownership. Both Saudi Arabia’s Public Investment Fund (PIF) and Kering are reportedly considering acquiring a stake in the luxury retailer, City sources told the Telegraph.
Inside Retail
MARCH 17, 2024
In the heart of Singapore’s downtown district, a beacon of automotive innovation has emerged, promising to redefine the customer experience in the luxury car market. With the unveiling of Porsche Studio Singapore, a collaboration between Porsche Asia Pacific and Eurokars Group, automotive enthusiasts and brand aficionados alike are being treated to an immersive journey into the world of Porsche like never before.
Retail Gazette
MARCH 17, 2024
Sainsbury’s CEO Simon Roberts has issued an apology to customers after a software glitch that disrupted contactless payments, leaving thousands without their food orders. The supermarket said a technical glitch had affected its ability to fulfil the majority majority of online deliveries today (16 March), as customers slammed its “bad service”. In an email sent to customers, the boss said: “I really understand how inconvenient this disruption to your usual service from Sainsbury’s will be
Inside Retail
MARCH 17, 2024
Skincare brand La Prairie has appointed Belinda Besant to the newly created role of ANZ retail director, effective April 1. Besant has been working at La Prairie for more than 13 years, serving as education director, regional training and events manager, and national training and events manager. “This change is in recognition of Belinda’s expertise in sales strategy and account management, in addition to her loyalty and deep knowledge of La Prairie,” La Prairie ANZ MD Rosi Fern
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Dezeen
MARCH 17, 2024
Belgian architect Vincent Van Duysen has completed a boutique in Milan for Italian fashion house Ferragamo , featuring red marble panels and an alcove covered in ceramic petals that offset the original Renaissance-style interiors. The store is located within Palazzo Carcassola Grandi, which was originally built in the 15th century and now occupies a prime spot on Milan's Montenapoleone fashion street.
Inside Retail
MARCH 17, 2024
A shop has opened in Brussels selling still-sealed unwanted Amazon parcels by the kilo, effectively a lottery ticket which could win the holder a connected watch, a smartphone – or a worthless trinket. The shop called “Pile ou Face”, French for “Heads or Tails”, is located near the central square Place Flagey and offers the parcels at US$17.40 per kilo.
Retail Gazette
MARCH 17, 2024
Frasers Group has called in administrators for Kids Cavern and Base Childrenswear, retailers it purchased from JD Sports in a £47.5m deal. The childrenswear retailers were among the 14 businesses bought by Frasers Group from JD Sports back in December 2022. This acquisition also included Tessuti, Choice, Clothingsites, Cricket, Giulio, Missy Empire, Nicholas Deakins, Pretty Green, Scotts, Watch Shop, and Topgrade Sportswear.
Mass Relators
MARCH 17, 2024
WASHINGTON — The Council for Responsible Nutrition (CRN), the leading trade association for the dietary supplement and functional food industry, has filed a lawsuit challenging the constitutionality of a recently enacted New York state law that would impose age-based restrictions on the purchase of certain dietary supplements. Passed by the New York legislature and signed by Governor Hochul on Oct. 25, 2023, the law prohibits retailers in New York from selling dietary supplements with ingredient
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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.
Inside Retail
MARCH 17, 2024
Premium jeans label Outland Denim was launched in 2016, but planning for the venture stretched for six years before that, founder and CEO James Bartle said. “We worked on the social impact model and proving what it could do,” Bartle said. “The idea and the concept behind it is that we believe you can use consumerism for good.” At the heart of the consumerism for good strategy is a policy of empowering the people – mostly women in Cambodia – and paying them living wages.
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