Tue.Jul 30, 2024

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Unionized Virginia Costco Employees Vote to Strike

Retail TouchPoints

In a “near unanimous” vote, Costco employees in Norfolk, Va. represented by Teamsters Local 822 have authorized a strike following more than eight months of negotiations, according to the union. Nearly 250 Costco warehouse workers voted to join the union in January 2024. Additionally, Teamsters Local 174 also is in negotiations for more than 150 Costco drivers in Sumner, Wash., who voted to join the union in April 2024.

ATS 333
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7-Eleven trials next next-gen Pay & Go tech

Inside Retail

7-Eleven Australia has launched a 10-store trial of the next generation Pay & Go technology to test new ways to give customers a faster way to shop. The new tech uses computer vision to enable customers to pay for their purchases without scanning items. Customers simply tap their debit or credit card or use the app to pay. The system automatically adds up the items, processes payment, and sends the receipt to the customer.

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Saks Shifts San Francisco Store to Appointment-Only in Response to Area Crime

Retail TouchPoints

Saks Fifth Avenue is switching its downtown San Francisco location to an appointment-only format beginning Aug. 28 in what is believed to be a first for a department store. The move was reportedly prompted in large part by a rash of crime and a resulting decline in foot traffic in the Union Square shopping district where the store is located. The same circumstances already have prompted the closure of nearly 40 other retailers’ stores, including Macy’s , Anthropologie and Nordstrom.

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Retail turnover slightly up in June as EOFY sales boost spending

Inside Retail

Australia’s retail turnover slightly increased in June as end-of-financial-year (EOFY) sales boosted spending. Australian Bureau of Statistics (ABS) data showed that retail spending totalled $36.2 billion during the month, up 2.9 per cent year on year. The ‘other’ category, which includes cosmetics, sports and recreational goods, saw the strongest growth of 6.3 per cent, with sales hitting $5.68 billion.

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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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Blue Jeans Go Green: Target Launches Denim Take-Back

Retail TouchPoints

From Aug. 4-10, Target will accept up to five used denim items in exchange for a 20% discount code on new denim apparel purchases, delivered via its Target Circle loyalty program. The offer, which must be redeemed by Aug. 10, covers apparel in any condition and from any manufacturer, including both Target-owned brands and national brands like Levi’s.

Apparel 278
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IKEA Focuses on Sleepeasy With New Pop-Up Event

Retail Wire

IKEA U.S. is making new strides in the furniture retail market by launching The IKEA Sleepeasy, an immersive pop-up event that will take place in New York in August.

More Trending

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Tesla Recalls Nearly 2 Million Vehicles Due to Hood Issue

Retail Wire

Tesla is initiating a significant recall of approximately 1,849,638 vehicles due to a software glitch affecting the hood latch assembly.

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Dior, the Queen and David Jones: How the retailer is preserving its legacy

Inside Retail

In an industry that has undergone as many changes in the past decade as fashion, investing in the next generation of talent is a key way for retailers to remain relevant. The launch of the David Jones and Powerhouse Australia Design Commission is the latest example of this. On Tuesday, David Jones announced a $300,000 investment into the next generation of Australian designers as part of a broader partnership with the Powerhouse Museum.

Fashion 209
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Pizza Hut Japan Launches New Collaboration With Tamagotchi, Featuring Pink-Dough Pizza

Retail Wire

Pizza Hut's new unique collaboration is sure to entice customers.

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Starbucks sales decline driven by cautious consumers

Inside Retail

Starbucks Corporation has posted a decline in comparable store sales for the third quarter driven by reductions in both the US and China. The company’s global comparable store sales for the 13 weeks ended June 30 were down 3 per cent year on year, extending a 4 per cent decline in the second quarter. This included a 5 per cent drop in comparable transactions, partially offset by a 2 per cent increase in average ticket.

Consumer 147
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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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Delta Seeks Outage Damages From Microsoft, CrowdStrike

Retail Wire

The airline plans to sue both Microsoft and CrowdStrike for damages.

Planning 258
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Unmanned stores: future of retail or solution searching for problems?

Inside Retail

While unmanned stores are experiencing a stall globally, Singapore has experienced an increase in self-checkout stores over the past year. Fairprice Group’s convenience store chain Cheers, which has operated unmanned stores since 2017, announced plans to open 13 more in partnership with the Singapore Armed Forces (SAF) this year. The company stated that Cheers’ unmanned stores currently serve tens of thousands of customers in Singapore each month.

Checkout 147
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Axel Arigato opens flagship store in Covent Garden’s Seven Dials

Retail Focus

Shaftesbury Capital has announced that Axel Arigato, the global Swedish footwear brand, has opened its flagship store at 21-23 Earlham Street in Covent Garden’s Seven Dials neighbourhood. Located in the heart of Seven Dials in an anchor unit opposite the iconic sundial pillar, the launch of the international lifestyle brand underscores Covent Garden’s status as the leading destination for flagship stores from innovative, world-class concepts.

Outdoor 147
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The Art of Retail: Pop Mart Opens New Store at the Louvre as Olympics Kick Off

Retail TouchPoints

Collectibles brand Pop Mart has opened its fourth Parisian store in the Louvre just in time for the Paris 2024 Olympics. Opened on July 27, 2024, the day after the Olympics opening ceremony — which ranged across a number of iconic Paris locations, including the Louvre — the new store is located in the Carrousel du Louvre, near the museum’s secondary entrance and iconic glass pyramid.

ATS 147
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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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SpaceandPeople Bring Full End-to-End Retail Solutions to over 300 Prime Locations Across the UK and Europe

Retail Focus

SpaceandPeople , leaders in delivering high footfall spaces to retailers for nearly 25 years, has created a revolutionary new end-to-end service for brands and businesses who want a fully flexible physical mid mall retail solution. Rock Up and Pop Up has been specifically designed to allow any business – regardless of size or budget – to bring a tailored, in-person retail experience to shopping venues and travel hubs across the UK and Europe.

Location 147
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These Are the Worst Foods To Order at Subway

Retail Wire

A Subway employee tips off its customers.

ATS 277
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M Core transforms Retail Centre in Washington in time for 50th Anniversary

Retail Focus

M The Galleries , Washington, (formerly known as The Galleries) is preparing to mark its 50 th anniversary this month (23 rd July) with a new brand and an enhanced tenant line-up. The centre, which was acquired by national commercial property and investment collective, M Core , in 2022, has undergone a number of significant changes in the last two years.

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Why US retailers are walking back their DEI efforts and what the future holds

Inside Retail

Diversity, equity and inclusion (DEI) in retail is at a “critical moment”, according to Nikki Porcher, the founder of Buy From A Black Woman, a non-profit that aims to bring awareness to Black women business owners in the US. Porcher’s comment comes in response to last month’s announcement by Tractor Supply Company that it was backtracking on its DEI efforts.

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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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JetBlue Airways Financial Results and Expansion Plans

Retail Wire

JetBlue Airways reported its second quarter 2024 results, highlighting its improvements and how it managed to exceed its guidance targets.

Planning 147
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Carpetright’s collapse leaves customers, suppliers, and landlords £213m out of pocket

Retail Gazette

Carpetright suppliers, customers and landlords have been left £213m out of pocket following the chain’s collapse. Hundreds of unsecured creditors,including Royal Mail and Microsoft, are set to recover less than 1p in the pound of their debts, according to administrators’ proposals seen by The Times. When the flooring specialist collapsed last week, carpet suppliers Betap and Condor were owed £1.9m and £1.1m respectively.

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Despite Inflation, Pet Owners Haven’t Stopped Spending

Retail Wire

While inflation continues to erode the U.S. dollar and force budget reductions, many pet owners are refusing to surrender.

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Morrisons expands Just Eat tie-up to 380 supermarkets

Retail Gazette

Morrisons has expanded its partnership with Just Eat to include groceries from its stores, as well as deliveries from its cafés and convenience stores. The tie-up was initially launched in Morrisons cafes back in 2022, followed by 60 of its convenience stores in December 2023, with the partnership now serving almost 700 Morrisons Daily sites. Going forward, on-demand delivery from the takeaway company will also be available from 380 Morrisons supermarkets across the UK, with shoppers able to pur

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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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Johnnie Walker Maker, Diageo, Posts Largest Sales Drop Since the Pandemic

Retail Wire

As inflation and high interest rates force many to find ways to cut spending, it appears alcohol is also losing its buzz.

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John Lewis launches pre-loved designer bags online

Retail Gazette

John Lewis has launched its first range of pre-loved designer handbags and expanded its second-hand jewellery collection online. The department store retailer has partnered with luxury reseller Sign of The Times to allow customers to shop over 150 options of second-hand designer pieces from the likes of Chanel, Christian Dior, Saint Laurent and Gucci.

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Sprouts Shares Positive Q2 Financial Results

Retail Wire

Sprouts Farmers Market, Inc. reported robust second-quarter results ending on June 30, 2024.

Marketing 147
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Fenwick hires new CEO as several execs exit

Retail Gazette

Fenwick has named department store veteran Nigel Blow as its next chief executive as it prepares for its “next stage of growth”. Blow, who joins in October, succeeds John Edgar, who has left the business after almost five years, Retail Week reported. The incoming chief executive is the current boss of London-based department store Morleys after joining the retailer in 2019.

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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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FDA Warns of Patients Overdosing Compound Versions of Injectable Weight-Loss Drugs

Retail Wire

Incorrect dosing appears to be at the heart of patient problems with compounded weight-loss injectables.

ATS 130
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Frasers Group tops up shares in Boohoo to 25%

Retail Gazette

Mike Ashley’s Frasers Group has upped its stake in Boohoo to more than 25% as it continues to build on its “strategic investment” into the fashion retailer. The retail giant – which is the largest shareholder in the online business – increased its holdings from 24.04% to 25.02% on Friday (26 July). The group has been steadily building its holding in Boohoo since it first made a “strategic investment” in June 2023.

Fashion 113
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Amazon responsible for hazardous items sold by third-party sellers, federal agency says

Retail Dive

The U.S. Consumer Product Safety Commission said the e-commerce giant, as a distributor of products that don’t meet safety standards, bears responsibility for their recall.

Consumer 112
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White Stuff enjoys sales and profit boost thanks to full-price focus

Retail Gazette

White Stuff has said this financial year “is off to a good start” as it delivered rising sales and profits attributed to a strong full-price strategy and a focus on customer favourites. For the year ending 27 April 2024, the clothing retailer saw total sales for the period rise by 2.4% to £155m, up from £151.4m the previous year. The business posted a 6.8% increase in full-price sales, which it said was driven by reduced promotional activity and a focus on popular product lines, whic

Wholesale 113
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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.