Thu.May 30, 2024

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Taco Bell’s Giant Cheez-It Collaboration Goes Nationwide

Retail Wire

Taco Bell is set to launch its highly anticipated oversized Cheez-It crackers nationwide on June 6.

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How a CEO went from selling deadstock in a van to jetting off to Miami Swim Week

Inside Retail

Steve Philpott is the CEO and founder of Bond-Eye Australia Group, the company behind the Australian swimwear brand Bond-Eye, Sea Level, Artesands and Niptuck. Before building the Bond-Eye swimwear empire, Philpott was a shareholder and creative director of the Australian activewear brand Running Bare for 13 years. Philpott spoke to Inside Retail ahead of travelling to Miami Swim Week about the nomadic beginnings of his career in fashion retail.

Fashion 264
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Walgreens Is Cutting Prices on 1,300 Products for Its Summer of Savings

Retail Wire

The drug store chain is joining other retailers in cutting prices to help weary shoppers.

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Japan influences Reebok’s “positioning as the leading irreverent sports brand”

Inside Retail

“Reebok sort of stagnated in the late ’90s,” Joe Foster, Reebok’s founder, previously told Inside Retail , but clever collaborations and an irreverent business strategy are priming Reebok for its best performance yet. Tapping into sub-cultures is how Reebok plans to avoid returning to its “stagnated” 90’s state. Ironically, a part of Reebok’s resurgence strategy is the reimagining of it’s Beatnik slide – originally introduced in the 90’s.

Boutique 263
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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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Costco Q1 Earnings Preview & Expectations

Retail Wire

Costco is expected to report another strong quarter.

Marketing 252
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Global online retail sales tipped to reach US$6.8 trillion by 2028

Inside Retail

Total global online retail sales are expected to grow from US$4.4 trillion in 2023 to $6.8 trillion by 2028, a report by research and advisory firm Forrester shows. Online retail sales will record a compound annual growth rate (CAGR) of 8.9 per cent during the five-year period, according to the Global Retail E-Commerce Forecast report, which covers data in 40 countries globally.

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Administrators appointed to Planet Shoes’ parent

Inside Retail

The parent company of online footwear retailer Planet Shoes has been placed in administration. KPMG Australia partners James Stewart and Gayle Dickerson have been appointed administrators of Omni Footwear and Omni Retail. While predominantly selling comfortable footwear online, the retailer also operates physical outlet stores in the Moorabbin and Spencer Street DFO shopping centres.

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Amazon Moves into Competitive Food Delivery Space with Grubhub Integration

Retail TouchPoints

Amazon has integrated Grubhub ’s food delivery system into its platform, allowing customers across the U.S. to order from thousands of restaurants directly in the Amazon app and website without having to switch over to the Grubhub app. Additionally, Amazon has added Grubhub+ membership — worth $120 per year — as a standing benefit for Prime members.

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Supermarket chains fall in trusted brands rankings, as Bunnings holds lead

Inside Retail

Hardware retailer Bunnings has again been named as Australia’s most trusted brand, while supermarket chains Woolworths and Coles fell down the rankings. For the year to March, Woolworths plummeted from second spot in the last report to 34th place, while rival Coles went from the fifth most trusted brand to the ninth most distrusted brand – a drop of 221 places.

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PayPal Lays Out Plans for New Commerce-Based Advertising Business

Retail TouchPoints

PayPal is entering the media business with plans for a new advertising platform that will draw on its relationships with millions of consumers and merchants to help the latter “sell more products and services effectively,” according to a company statement. To kick off the initiative, the payments platform has made two key executive hires: Former Uber Advertising and Amazon executive Mark Grether has been appointed SVP and General Manager of PayPal Ads, and John Anderson, who previously worked at

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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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Stop & Shop To Close ‘Underperforming’ Northeast Stores

Retail Wire

The supermarket chain has not yet determined just how many stores will shutter.

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L’Oréal Expands Beauty Tech Competition Across Asia and MENA Regions

Retail TouchPoints

L’Oréal Groupe has launched the Big Bang Beauty Tech Innovation Program across a huge geographical region stretching from the South Asia Pacific (including India) through the Middle East and North Africa (MENA). Startups can enter on the competition website through July 13, 2024 to vie for the chance to develop their innovations into a commercial pilot that will have potential exposure to 35 markets in this SAPMENA region.

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Amazon Seeks More Brand Collaborations With New Executive Appointments

Retail Wire

Amazon is actively exploring new avenues to incorporate brands into its original TV shows and films.

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UK retailer adoption of carrier management and post-purchase solutions increases in Q1, new research from Scurri reveals

Retail Focus

Mid-market and enterprise retailers’ uptake of carrier management and post-purchase solutions increased in the first quarter of 2024 as retailers look to unify customer journeys, according to the latest research from Scurri , the next-generation delivery management platform. In the face of rising operational costs and fast-changing consumer demands, retailers and brands are seeking to adopt a more joined-up approach to channel management, with a focus on building unified commerce system infrastr

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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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American Airlines Faces New Racial Discrimination Lawsuit

Retail Wire

The American Airlines woes continue.

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Emma – The Sleep Company becomes first D2C sleep brand to open physical store, launching in London’s Westfield

Retail Focus

Emma – The Sleep Company will this week open its first ever physical store in the UK at the nation’s largest shopping centre, as it underlines a significant investment to reach customers offline alongside its digital heritage- becoming the first D2C sleep brand to launch its own UK bricks-and-mortar store. Customers at the 3035 sqft Westfield White City store will have access to the exclusive Select Collection: a range of Emma products only available in Emma stores, as well as the brand’s

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Amazon Prime Subscriptions Now Include Grubhub Food Delivery

Retail Wire

Amazon Prime members can now enjoy Grubhub food delivery as part of their subscription.

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From Bondi to Perth, here are six standout store openings

Inside Retail

Zulu & Zephyr Bondi, New South Wales Australian independent lifestyle brand Zulu & Zephyr opened the doors to its new flagship store in March with an intimate soiree at the coveted Gould Street shopping strip location in Bondi Beach. Previously tenanted by Silk Laundry, the glass-fronted shopfront takes a minimalist approach and lets the product do the talking.

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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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Walgreens Joins the Price-Cutting Club by Lowering Prices on 1,300 Items

Retail TouchPoints

Walgreens is the latest maj o r retailer to announce it is reducing prices as high inflation continues to batter consumers and dampen spending. The pharmacy chain said it was lowering prices on more than 1,300 national and store brand products across health and wellness, personal care and seasonal categories, and offered a few examples including: One a Day 80 -count men’s and women’s gummy vitamins are now $11.99 (previously $13.49 ); Clean & Clear foaming facial cleanser is now $6.99

Consumer 144
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Kookai to open flagship boutique in Chadstone

Inside Retail

Fashion brand Kookai is opening a flagship boutique at Melbourne’s fashion capital, Chadstone, on Saturday (June 1). Chadstone is Kookai’s third retail space location and remains the brand’s highest trading location. The company opened its first Australian boutique on Chapel Street in 1992. “When it came to creating the vision for our new flagship Chadstone boutique, we knew it called for something special,” said Bianca Vagner-Cromb, Kookai creative director. “We wanted t

Boutique 147
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2024 Chevrolet Equinox EV Specs

Retail Wire

Chevrolet's new electric compact crossover, the 2024 Equinox EV, is making its way into the EV market.

Marketing 130
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Gap Inc’s sales growth picks up pace amid ongoing reinvention

Inside Retail

Gap Inc has reported another quarter of positive sales growth which an analyst said reflects the early impact of the business’s recovery program. The company’s net sales for the first quarter ended May 4 were up 3 per cent year-on-year to $3.4 billion, with comparable sales also up 3 per cent. GlobalData MD Neil Saunders said the growth is pleasing despite coming off the back of weak prior-year numbers.

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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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Foot Locker Stock Soars 20% After Successful Turnaround Efforts

Retail Wire

Foot Locker has experienced a remarkable resurgence, with its stock soaring 20% following the release of its first-quarter results.

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How Halara uses machine learning to make just the right amount of activewear

Inside Retail

Halara is a fast-growing athleisure and lifestyle brand founded in October 2020 by Joyce Zhang, a technologist who previously led algorithmic projects at tech-centered companies like Microsoft and Hulu. Through a combination of advanced predictive analytics to precisely tailor its product offerings and a successful leveraging of its social media community, the company has carved out a small but steadily growing niche in the highly competitive athleisure market.

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Customer Journey Map: The Uncomplicated Guide

Tokinomo

The customer journey is a complex path, fraught with uncertainties and challenges. 70.19% of online shopping carts end up abandoned , indicates a statistic from the Baymard Institute. Reflect on the implications: out of every 100 potential customers, a staggering 70 will depart without completing a purchase. Imagine the revenue boost if those lost sales were converted into successful transactions.

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Abercrombie & Fitch posts ‘extraordinary’ quarter as transformation pays off

Inside Retail

Abercrombie & Fitch has posted its best first-quarter sales in its history with double-digit year-on-year growth, largely thanks to the company’s transformation strategy. Net sales for the three months ended May 4 surged 22 per cent to $1 billion, with comparable sales up 21 per cent. With the “extraordinary results”, the company is currently one of the best performers in the retail market, commented Neil Saunders, MD of GlobalData.

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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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Asda unveils £50m upgrade programme for larger stores

Retail Gazette

Asda is launching a £50m store upgrade programme designed to improve the shopping experience for customers in its larger supermarkets and superstores. The grocer’s programme, which starts at its Long Eaton store in Nottingham before running across 170 stores in total, is expected to complete by the end of November. Asda said 50 of its larger stores “will receive major upgrades”, including the introduction of new in-store services and features.

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Kohl’s touts progress in Q1 despite sales declines, loss

Retail Dive

Aside from some merchandising improvements, the department store isn’t revamping its stores. Some analysts say that’s a mistake.

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Boots profits surge thanks to booming beauty sales

Retail Gazette

Boots saw profits shoot up last year, as beauty sales soared and more shoppers visited stores. Pre-tax profits rose more than 42% at the health and beauty retailer to £237.6m for the year to 31 August, largely due to higher profit margins, new filings for three UK subsidiaries at Companies House reported. Sales grew from £7.7bn to £8.3bn for the period, which it attributed to strong retail revenues from its brands including Soap & Glory, Liz Earle and Fenty Beauty.

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Dollar Tree acquires 99 Cents Only’s North American IP

Retail Dive

The retailer also bought up the rights to 170 store leases, with plans to rebrand and reopen them “as early as fall 2024.

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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.