Retail Focus

JULY 3, 2024

Ghalia BOUSTANI. Expert Manager at Univers Retail | Published author | Visiting lecturer. The new luxury paradigm The concept of luxury, which has traditionally been associated with exclusivity, high quality, and frequently a high price point, is now intertwined with the principles of sustainability and the circular economy. The luxury industry is being reshaped by this intersection, which is a significant evolution in its values and practices.

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Inside Retail

JULY 3, 2024

Luxury fashion retailer Harrolds is planning to relocate its stores in Sydney and Melbourne as part of the company’s ongoing transformation. The Sydney store will be moved to Westfield’s new development on Market Street, joining a lineup of other luxury brands. Meanwhile, details of a new and immersive store experience in the Melbourne CBD will be announced in the coming months.

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Retail TouchPoints

JULY 3, 2024

Image courtesy Bealls The Bealls store in Roswell, N.M. is celebrating that town’s famed relationship with UFOs and all things extraterrestrial with the installation of immersive space alien artwork, just in time for Roswell’s annual UFO festival. The move is part of a larger localization effort on the part of Bealls to bring regional flavor to its stores.

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Inside Retail

JULY 3, 2024

Australian retail sales slightly rose year over year in May as shoppers took advantage of early end-of-financial-year (EOFY) promotions and sales events. Australian Bureau of Statistics (ABS) data showed that retail sales totaled $35.94 billion during the month. “Retail businesses continue to rely on discounting and sales events to stimulate discretionary spending, following restrained spending in recent months,” said Robert Ewing, ABS head of business statistics.

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Retail Wire

JULY 3, 2024

According to a recent report by Counterpoint Research, Chinese electric vehicle maker, BYD is en route to surpass Tesla in battery electric vehicle sales this year.

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Retail TouchPoints

JULY 3, 2024

While other retailers launch competing sales around Amazon ’s Prime Day in the hopes of riding the ecommerce giant’s coattails, for Bookshop.org , Amazon’s annual sale event highlights bigger existential concerns. The platform’s sole mission is to keep independent bookstores alive amid the threat of digital convenience instigated by Amazon itself. Despite expanding well beyond its early niche in books, Amazon still captures more than 50% of book sales in the U.S., and many readers will flock to

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Retail TouchPoints

JULY 3, 2024

Artificial intelligence (AI) is only accelerating its adoption among global corporate enterprises, so CEOs and business leaders are positioned at the confluence of innovation and ethics as it relates to implementing AI projects in their businesses. While technical prowess and business potential usually are the focus of conversations around AI, the ethical considerations are sometimes overlooked, especially those not immediately obvious.

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Retail Wire

JULY 3, 2024

Jollibee is one of the most popular fast-food restaurants in the world.

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Inside Retail

JULY 3, 2024

Chinese fashion company Shein is significantly ramping up its marketing efforts in South Korea to capitalise on the country’s burgeoning e-commerce sector. The move has sparked a broader conversation about its ability to overtake its rivals like Temu and AliExpress in the ultra-low prices race in the market and compete with long-established local fashion platforms.

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Retail Wire

JULY 3, 2024

Steve Ballmer, the former CEO of Microsoft and current owner of the NBA's Los Angeles Clippers, has overtaken Microsoft co-founder Bill Gates in the list of the world's richest people.

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ATS

Inside Retail

JULY 3, 2024

Perfect Stranger has opened its first Victorian store at Melbourne Central. “Our Melbourne Central store adds to our 13 bricks and mortar locations across Queensland, New South Wales and now Victoria, and it’s something we are extremely proud of,” Alice Barbery, CEO at Universal Store , the group that owns Perfect Stranger, told Rag Trader. “Perfect Stranger is actively discussing further roll out opportunities in the country’s best centres across Australia.” The br

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Retail Wire

JULY 3, 2024

The FDA has announced a ban on the use of brominated vegetable oil (BVO) in food items, citing safety concerns.

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Inside Retail

JULY 3, 2024

Stylerunner’s general manager Anna Brennan is busy. As the women’s athleisurewear retailer continues to hit its stride in Australia and “sell lots of sneakers”, Brennan relies on her leadership team to push each other to be the best they can be. Here, she discusses how waking up at 4:30 am enables her to balance it all, spend quality time with her family and ensure she is primed to focus on the tasks that make a difference and move the brand forward.

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Retail Wire

JULY 3, 2024

McDonald's is set to release a new Special Grade Garlic Sauce, inspired by Japan's Black Garlic Sauce and the popular anime series "Jujutsu Kaisen.

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Customer Experience

Inside Retail

JULY 3, 2024

Swiss watch brand Longines has opened its flagship boutique in Sydney CBD, marking its fifth location in Australia. The new store, located within Westfield Sydney under the Sydney Tower Eye on Market Street, covers 138sqm and features a multi-dimensional metal front. The interior includes a concierge bar influenced by aviation design, with a modest curved edge reminiscent of a plane wing and the appearance of striped brushed metal.

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Retail Dive

JULY 3, 2024

John Boyd, president of the National Black Farmers Association, a Tractor Supply shareholder and fourth-generation farmer, said he has tried to reach out to the company’s top executive.

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Inside Retail

JULY 3, 2024

LVMH has named Alessandro Valenti as CEO of Givenchy, succeeding Renaud De Lesquen, who decided to pursue a different career opportunity. Prior to the new appointment, Valenti served as president of Europe, the Middle East, and Africa (EMEA). He previously served as SVP of retail Europe at Polo Ralph Lauren and EVP of retail at Giorgio Armani. “Alessandro has 25 years of international experience.

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Retail Wire

JULY 3, 2024

Paramount Global and Skydance Media have finalized a merger agreement after a brief interruption in their negotiations.

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Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

Checkout

Retail Gazette

JULY 3, 2024

Avon International has partnered with software firm Blue Yonder to bring artificial intelligence (AI) into its supply chain. The cosmetics company is using the firm’s AI to set up an “end to end next generation supply chain” to streamline its operations, surpass forecast accuracy and improve its planner efficiency. Blue Yonder claimed it will also widen Avon’s omnichannel capabilities, improve its service levels and optimise cash flow.

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Retail Wire

JULY 3, 2024

Diamond Shruumz previously refused to pull its candy from shelves.

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Dezeen

JULY 3, 2024

Austrian architect Jakob Sprenger has installed 1920s plaster medallions above a large sculptural sink as the centre of skincare brand Aesop 's store in Paris. Located within a residential neighbourhood in the district of Ternes in Paris' 17th arrondissement, Sprenger designed the store to "create a feeling of simple domesticity". The space was designed around four 19th-century painted gypsum ceiling medallions that the team found during the initial stages of the project.

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Retail Dive

JULY 3, 2024

The bankruptcy of its largest customer, Toys R Us, along with the pandemic and supply chain issues squeezed liquidity, leaving Chapter 11 as the best way to save the company.

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Customer Experience

Retail Gazette

JULY 3, 2024

Tesco staff are set to receive a pay out following the strong performance of its Save as You Earn (SAYE) colleague share schemes. More than 20,000 of the grocery giant’s workers, who mainly comprise of shopfloor staff working across stores and distribution centres, will share in a windfall profit of over £30m now that the schemes have matured.

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Retail Dive

JULY 3, 2024

Mexican company Gonher is purchasing “substantially all” of its assets, following the music retailer's Chapter 11 bankruptcy in May.

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Retail Gazette

JULY 3, 2024

M&S has recruited senior execs from Aldi and Morrisons to bolster its food business. Aldi managing director for national IT, ecommerce and transformation Kara Greatorex joins as chief commercial officer, while Morrisons commercial director for ambient and non-food Jon Downes will report into her as supply chain and commercial operations director.

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Retail Dive

JULY 3, 2024

Ingka Investments plans to build a retail and office space three minutes from Grand Central Station and Bryant Park.

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Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

Customer Experience

LS Retail

JULY 3, 2024

©iStock/Henk Bogaard In a global marketplace reshaped by volatile forces — not least the animosity between the United States and China — India shows signs of emerging as a potentially significant place to manufacture products. Yet the trouble is they – in India – are slow. Slow on samples. Slow on producing. Slow on deliveries. Can we afford the wait?

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Retail Dive

JULY 3, 2024

The mattress giant expressed confidence in its ability to prevail in court and close the deal later this year or early next.

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Retail Gazette

JULY 3, 2024

Iceland Foods and parenting website Mumsnet are to roll out a range of children’s products as part of a new collaboration. According to The Grocer , Mumsnet CEO Justine Roberts and brand partnerships manager Sarah Murray-Muncila met with some of the frozen food retailer’s innovation team last week. While it is understood that any physical items won’t reach stores until early 2025, Mumsnet told the publication that the brand was “working on something truly special” with Iceland.

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Retail Dive

JULY 3, 2024

Establishing a stronger connection to runners comes as legacy rivals like Nike have seen their foothold in the community slip.

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