Fri.Mar 15, 2024

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Online florist Bloomex fined $1 million over fake ratings

Inside Retail

Online florist and gift retailer Bloomex has been fined $1 million for making false and misleading representations on its website. The retailer admitted it had published misleading star ratings for its products, advertised misleading discounts, and added surcharges that were inadequately disclosed. According to the Australian Competition & Consumer Commission (ACCC), Bloomex displayed products for sale on its website between February 2019 and March 2023 with a ‘star rating’ that remained sta

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Air Fryer Recall: Best Buy Urges Immediate Action

Retail Wire

Best Buy is urging customers who purchased an Insignia air fryer to act fast, as the company issues a recall due to potential hazards.

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Dick’s to Open 16 Next-Gen ‘50K’ Stores, Expand House of Sport Format in 2024

Retail TouchPoints

Dick’s Sporting Goods posted strong results in fiscal 2023, which ended Feb. 3, 2024, with $13 billion in net sales, 5% higher than the previous year, and a 2.4% increase in comp store sales. For the coming fiscal year, the retailer is planning $800 million in CapEx expenditures to fund a major brick-and-mortar expansion that will enlarge its total store square footage by 2% — its largest physical expansion since 2017.

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PE Nation co-founder steps aside

Inside Retail

Claire Greaves, co-founder of active streetwear brand PE Nation, has announced she will step away from the company’s day-to-day operations. Greaves will remain on the board of the company and retain her shareholding, the brand said in a statement. Pip Edwards – the other co-founder – will continue managing the business alongside the other board members. “The business has secured and developed an extremely strong product and design team,” the statement read.” “Pip and the

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Target Introduces New Express Self-Checkout Nationwide

Retail Wire

Target has announced the launch of its new self-checkout policy, set to commence next week across all stores.

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Rough Week for Retail CEOs: Top Execs Out at Petco, Under Armour, Fossil

Retail TouchPoints

It was a tough week to be at the top in retail with a number of companies announcing CEO switch-ups following disappointing performances, including Petco , Under Armour , Fossil Group and, as Retail TouchPoints previously reported, Allbirds. Former Best Buy COO to Lead Petco While CEO Search Gets Underway Ron Coughlin — who led Petco through a major strategic transformation over the last five years, including its IPO — has stepped down as the company’s CEO, Chairman and member of the board of di

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Utilizing the External Data Boom for Digital Shelf Optimization

Retail TouchPoints

Publications about marketing often invoke the comparison of a digital shelf with a physical one. After all, a digital shelf displays your products for the customer to browse, just like a shelf in a brick-and-mortar store would. This comparison, however, has its limits. While customers come to browse the physical shelf, your digital shelf goes to the customer.

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Missing 12-Year-Old Boy Spent the Night Alone in an Ohio Target

Retail Wire

A 12-year-old boy was found alone in a Target store in Blacklick, Ohio, before it opened for business on March 11.

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Outdoor Voices Abruptly Shutting All Stores, Becoming Online-Only

Retail TouchPoints

Popular athleticwear brand Outdoor Voices , once predicted to be the next Lululemon , has abruptly decided to close its 16 stores and become an online-only retailer, multiple sources report. Outdoor Voices has not publicly commented on the news and did not immediately respond to Retail TouchPoints’ request for comment. The news was reported by a number of outlets that had spoken to employees at the stores.

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McDonald’s Global Technology Outage

Retail Wire

McDonald's found itself embroiled in a far-reaching technology outage on Friday, which caused ordering systems to halt in various countries, including the U.K., Australia, and Japan.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Ulta Beauty Plans 2025 Expansion to Mexico

Retail TouchPoints

Ulta Beauty , which posted strong financial results for 2023, will move into Mexico next year as part of a joint venture with global brands operator Axo. The retailer’s $11.2 billion in net sales for FY 2023, which ended Feb. 3, 2024, was 9.8% higher than the previous year, fueled by a comparable sales rise of 5.7%. “Our compelling holiday plans and thoughtfully curated assortment resonated with our guests and delivered healthy traffic, record brand awareness and strong member growth,” said Dave

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Nissan and Honda To Explore Joining Forces for EVs

Retail Wire

Nissan and Honda announced that they signed an agreement to start a study into the feasibility of a strategic partnership for electric vehicles.

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#RICE24 Community Convos: Liz Primm, VP of Strategic Partnerships & Business Development, Babylist

Retail TouchPoints

Introducing #RICE24 Community Convos, a new content series highlighting insights from the industry leaders and changemakers who will be taking the Retail Innovation Conference & Expo stages in Chicago this June! This week, we’re featuring Liz Primm, Vice President of Strategic Partnerships and Business Development at Babylist, the leading digital destination for growing families.

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Target Introduces New Express Self-Checkout Nationwide

Retail Wire

Target has announced the launch of its new self-checkout policy, set to commence next week across all stores.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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McDonald’s suffers worldwide system outages, including Australia, NZ

Inside Retail

McDonald’s said on Friday it had halted operations at many of its stores in Japan due to a system disruption and was facing technical outages at some other outlets worldwide, including Australia. Many McDonald’s stores in Japan stopped taking in-person and mobile customer orders because of the system disruption, a spokesperson at McDonald’s Holdings Company Japan said, adding that the company was working to restore operations soon.

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Biden Opposes US Steel Sale to Japan’s Nippon Steel

Retail Wire

President Joe Biden recently declared his stance against the announced sale of the U.S. Steel company to Japan's Nippon Steel, and he emphasized the importance of maintaining American ownership and operation of the iconic company.

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Outdoor Voices to shutter all stores this Sunday

Retail Dive

The activewear brand, once a DTC darling, told staff on Tuesday it would close stores this week as it shifts to an online-only model.

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Driverless Robotaxis Roll Out in Los Angeles

Retail Wire

In Hollywood, if you spot a car cruising without a driver, don't panic. About 50 driverless robotaxis hit the streets of Los Angeles this Thursday.

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Modernizing the Frontend Experience on Salesforce Commerce Cloud

Unlock agility, boost performance, and gain control over your Salesforce frontend with the latest masterclass from Composable.com : Modernizing the Frontend Experience on Salesforce Commerce Cloud Featuring experts from Algolia, Ember, Netlify, and Stripe, this masterclass focuses on practical strategies for optimizing your Salesforce Commerce Cloud storefronts using modern composable commerce integrations.

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Breaking: Currys takeover off as JD.com walks away from bid

Retail Gazette

Chinese retail giant JD.com has joined Waterstones owner Elliott in confirming that it will not be making an offer to buy Currys. The update comes after the electrical retailer turned down a £700m bid from Elliott Advisors back in February on the grounds that it undervalued the company before rejecting a second £750m takeover from the activist investor a few days later.

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McDonald’s Global Technology Outage

Retail Wire

McDonald's found itself embroiled in a far-reaching technology outage on Friday, which caused ordering systems to halt in various countries, including the U.K., Australia, and Japan.

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Michaels boosts in-store experience with birthday parties, classes

Retail Dive

The crafts retailer reimagined its class offering and introduced a party planning service for children in the U.S. as it leans into experience.

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Air Fryer Recall: Best Buy Urges Immediate Action

Retail Wire

Best Buy is urging customers who purchased an Insignia air fryer to act fast, as the company issues a recall due to potential hazards.

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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.

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Adidas posts first annual net loss in over 30 years

Retail Dive

However, the retailer dodged a much-discussed operating loss for the year, with the sale of Yeezy merchandise helping it notch a profit.

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Nissan and Honda To Explore Joining Forces for EVs

Retail Wire

Nissan and Honda announced that they signed an agreement to start a study into the feasibility of a strategic partnership for electric vehicles.

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Fenwick Newcastle flagship gets green light for £40m renovation plans

Retail Gazette

Fenwick’s Newcastle flagship has been given a further planning green light, with new work beginning this month. The renovation forms part of a £40m investment programme aimed creating the “next generation” store. Mailen Design has been commissioned to “sensitively reimagine” the department store retailer’s original store frontage of the 1880’s building.

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Cybertruck Engineer Pleads Tesla Owners To Stop Torturing the Truck

Retail Wire

A Cybertruck engineer has asked owners to put an end to recent torturous tests.

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Website Security Essentials: Protect Your Site and Strengthen Cybersecurity

In a digital-first world, website security is non-negotiable. This comprehensive guide explores the critical importance of securing your site against hackers and vulnerabilities like SQL injection, XSS, and malware. Discover tools like SiteLock for threat monitoring and CodeGuard for seamless backups, ensuring robust protection for your data and operations.

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Jason & Scot Show Episode 318 Temu Deep Dive with Earnest Analytics

Retail Geek

A weekly podcast with the latest e-commerce news and events. Episode 318 is deep dive into Temu. Subscribe : Apple Podcasts Google Podcasts Spotify Podcast RSS SoundCloud TuneIn iHeartRadio Google Play Music Overcast Pocket Casts Facebook ? ? ? ? ? Episode Summary: In this episode, Jason “Retailgeek” Goldberg and Scot Wingo dive deep Temu, the online marketplace operated by the Chinese e-commerce company PDD Holdings, that has become the fastest growing retailer in history.

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Missing 12-Year-Old Boy Spent the Night Alone in an Ohio Target

Retail Wire

A 12-year-old boy was found alone in a Target store in Blacklick, Ohio, before it opened for business on March 11.

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Gen Z marketing agency SCREENSHOT Media launches first global micro-influencer service

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! SCREENSHOT Media, the cutting-edge media and marketing agency catering to 18-24-year-olds, today announced the launch of SCREENSHOT Micro Boost, its global micro-influencer service. As the first initiative of its kind worldwide, SCREENSHOT Micro Boost is set to redefine the landscape of brand-creator interactions, offering brands a novel way to connect w

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Cybertruck Engineer Pleads Tesla Owners To Stop Torturing the Truck

Retail Wire

A Cybertruck engineer has asked owners to put an end to recent torturous tests.

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Activating Intent Data for Sales and Marketing

Sales and marketing leaders have reached a tipping point when it comes to using intent data — and they’re not looking back. More than half of all B2B marketers are already using intent data to increase sales, and Gartner predicts this figure will grow to 70 percent. The reason is clear: intent can provide you with massive amounts of data that reveal sales opportunities earlier than ever before.