Retail Gazette
DECEMBER 19, 2023
The tale of Britain’s two private equity-owned supermarket buyouts took a new turn when Asda owners the Issa brothers unveiled a £2.3bn merger between the supermarket chain and the UK and Ireland operations of their other business, petrol station giant EG Group earlier this year. The proceeds from the tie-up will be used to pay down EG Group’s climbing debt pile.
Retail TouchPoints
DECEMBER 19, 2023
Last-mile logistics is a complex and complicated facet of the business world that requires orchestrating many moving parts, meeting tight deadlines and addressing the needs of multiple stakeholders. In addition, several external factors — from weather to traffic to a lack of available parking — can disrupt the process. To enhance efficiency and increase productivity, many last-mile logistics companies have been quick to take advantage of the benefits of artificial intelligence.
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Retail Wire
DECEMBER 19, 2023
In a small Goodwill store in Hanover County, Virginia, thrift store shopper Jessica Vincent spotted an unusual green and burgundy striped vase with a price tag of only $3.99. This thrift store find would eventually net her over $100,000.
Inside Retail
DECEMBER 19, 2023
Franchisee Collins Foods has confirmed the receipt of a class action claim from certain KFC employees who allegedly were not provided paid 10-minute rest breaks. Shine Lawyers filed the lawsuit at the Federal Court of Australia on behalf of these employees who worked at certain KFC stores from December 4, 2017 to December 4, this year. “Collins Foods takes all its obligations under the Fair Work Act and KFC National Enterprise Agreement very seriously, including the obligation to allow emp
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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.
Retail TouchPoints
DECEMBER 19, 2023
Beauty retailer Beautyque NYC — which debuted in 2020 as the first 3D virtual beauty store — is testing out a new technological innovation in the beauty space: a virtual reality app that will allow users to immerse themselves in a virtual beauty store where they can interact with and shop for products. The brand got its virtual start out of necessity — Co-founders Sonia Khemiri and Sylvie Giret were finalizing the lease for their first SoHo store in March 2020 when the pandemic hit, Khemiri told
Inside Retail
DECEMBER 19, 2023
Australia-based formalwear brand Portia & Scarlett has been acquired by US wedding dress manufacturer Allure Bridals for an undisclosed sum. Allure Bridals said the strategic acquisition marks its venture into the prom and pageant space and will help expand the brand’s global reach. It will also “elevate the position” of both Portia & Scarlett and the Allure Bridals brand family. “This union marks a shared milestone, and seamlessly aligns with our mutual commitment to excelle
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
DECEMBER 19, 2023
A shift in Chinese retailers’ strategy toward lower-priced goods and services to win cost-conscious consumers risks embedding the country’s recent deflationary trends more permanently into the world’s second-largest economy. Price cuts, the proliferation of bargain stores and companies offering cheaper, scaled-down versions of their products may create a vicious cycle of lower profit margins that curtail wage and job growth and further depress consumer appetite.
Retail TouchPoints
DECEMBER 19, 2023
European home improvement conglomerate Kingfisher — parent company of Screwfix , B&Q , Castorama , Brico Dépôt , TradePoint and Koçtaş — is expanding its partnership with CitrusAd to bring retail media opportunities to third-party brands across all its store banners. With more than 2,000 stores across its six banners and operating in eight European countries, the deal marks a significant regional expansion for the company’s retail media efforts.
Inside Retail
DECEMBER 19, 2023
Airbnb Ireland may pay as much as $30 million in penalties and compensation after the company admitted it misled customers about the currency of the prices on its accommodation booking platform. The Federal Court has ordered Airbnb to pay $15 million in penalties after the company admitted it falsely claimed prices on its booking site were in Australian dollars when they were in US dollars, according to the Australian Competition and Consumer Commission (ACCC).
Retail Wire
DECEMBER 19, 2023
In light of an impending patent dispute, Apple plans to cease sales of specific Apple Watch models in the U.S. starting this week.
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Inside Retail
DECEMBER 19, 2023
Sixteen restaurants managed by the all-you-can-eat Japanese restaurant business Okami have entered voluntary administration, as its founder contends with delayed Covid-era costs and rising inflation. Documents listed by the Australian Securities and Investments Commission (ASIC) show businesses corresponding with Okami locations across Victoria, New South Wales, South Australia, and the ACT are now under administration.
Retail Wire
DECEMBER 19, 2023
Amazon is in conversation with regional sports programmer Diamond Sports Group to add another competitive string to its bow and take on rivals such as Netflix and Disney by expanding its portfolio of sports content.
Inside Retail
DECEMBER 19, 2023
Alibaba Group CEO Eddie Wu will take over as chief executive of Taobao and Tmall Group, Alibaba’s domestic e-commerce arm, effective immediately, the company said on Wednesday. Wu, who has been Group CEO since September, also took over from previous head Daniel Zhang as the company’s cloud business CEO that month. The latest appointment means Wu now leads the overall group as well as its two most important business divisions – cloud and domestic e-commerce.
Retail Wire
DECEMBER 19, 2023
The international business landscape shook as Japan's Nippon Steel announced its intention to acquire the renowned U.S. Steel for a cool $14.1 billion — an all-cash deal that's stirred controversy in American political circles, reviving economic fears from decades past.
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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
DECEMBER 19, 2023
Silk Laundry was founded by Katie Kolodinski in 2015 and has earned a reputation in the fashion industry for its considered approach to design. Kolodinski’s personal ethos of sustainability is a thread that seamlessly runs throughout the fashion brand, from fabric sourcing to the design and construction of Silk Laundry’s garments. “I think sustainability is a hard one to define, and there has been so much greenwashing over the years, however, practices and standards can almost always improve.
Retail Focus
DECEMBER 19, 2023
At the heart of the vibrant “Madinat Badr,” one of Dubai’s luxurious new development districts, the 93rd branch of the AllDay supermarket chain opened its doors in the spring. Collaborating closely with TRILUX, AllDay embarked on a transformational journey to redefine its approach to lighting. At the heart of the vibrant “Madinat Badr,” one of Dubai’s luxurious new development districts, the 93rd branch of the AllDay supermarket chain opened its doors in the s
Retail Wire
DECEMBER 19, 2023
Chinese tech company Tencent recently called it quits with Team Kaiju, one of its American video game studios, which was integral in Tencent's strategy for global expansion.
Inside Retail
DECEMBER 19, 2023
Hear the phrase ‘fashion waste’ and most people immediately associate it with the fast-fashion industry producing products with short lifespans, ultimately destined for landfills. However, there is another source of garment waste few think about, a product from the manufacturing process that never leaves the factories. This is known as pre-consumer waste and includes scraps, offcuts, and rejected garments that are discarded during the production stage.
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Retail Focus
DECEMBER 19, 2023
The search for that perfect Christmas gift turns out a fun journey when it starts approaching the season. Wonderdays offers an amazing gift universe with unusual and never-forget experiences in the UK for those who are looking beyond the usual ones. Wonderdays Gift card is not an ordinary gift but the access to different fascinating adventures. Wonderdays: A Gateway to Extraordinary Experiences It is worth noting that Wonderdays, a leader experience gift in the UK, knows what it takes to create
Inside Retail
DECEMBER 19, 2023
One is green and fresh. One is red and down. The other is blue and different (in a good way). These are the codes through which we view our supermarkets. Like shortcuts to meaning in the brain, they help us make quick decisions about where we head for the weekly shop. But beneath these codes, there’s something else at play — something that makes you an unwavering Coles champion, or an Aldi aficionado.
Retail Wire
DECEMBER 19, 2023
If you've recently picked up a bag of TGI Fridays "Honey BBQ" flavored boneless chicken bites, it's time to take a quick inventory of your freezer.
Inside Retail
DECEMBER 19, 2023
Outdoor brands retailer KMD Brands has reported lower sales in the first four months of FY24 reflecting weaker consumer sentiment. Sales fall 12.5 per cent year over year in the four months that ended November 30, with flagship brand Kathmandu’s sales plunging 21.6 per cent due to weakness in rainwear and insulation categories in Australia. Rip Curl and Oboz’ sales tumbled 5.7 per cent and 18.2 per cent, respectively, as wholesale sales for both brands declined, with retailers reduci
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Retail Wire
DECEMBER 19, 2023
Three brands with contaminated applesauce pouches all have ties to a manufacturing facility in Ecuador.
Inside Retail
DECEMBER 19, 2023
Alphabet’s Google has agreed to pay US$700 million and to allow for greater competition in its Play app store, according to the terms of an antitrust settlement with US states and consumers disclosed on Monday in a San Francisco federal court. Google will pay $630 million into a settlement fund for consumers and $70 million into a fund that will be used by states, according to the settlement, which still requires a judge’s final approval.
Retail Wire
DECEMBER 19, 2023
Papa Johns has introduced the Cheesy Calzone Epic Stuffed Crust Pizza to its Epic Stuffed Crust lineup.
Retail Gazette
DECEMBER 19, 2023
Just Eat has joined forces with Morrisons to launch on-demand delivery across Morrisons Daily convenience stores. Under the collaboration, shoppers will be able to buy thousands of products from their local Morrisons Daily store for delivery via the Just Eat app and website. The partnership will initially roll-out to nearly 60 stores in December, with plans to expand to more than 640 sites in early 2024.
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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
Retail Wire
DECEMBER 19, 2023
Chick-fil-A is always closed on Sundays, but a New York bill is looking to change that tradition.
Retail Gazette
DECEMBER 19, 2023
By early next year Asda is set to see its debt interest bill exceed £400m, driven by escalating interest rates that are piling pressure on the private equity-owned supermarket. The grocer’s chief financial officer Michael Gleeson told the Business & Trade Committee on this week that the company’s debt interest bill would rise by as much as £30m in February when half a billion pounds of loans switch from a fixed to floating interest rate.
Retail Wire
DECEMBER 19, 2023
According to The United States Consumer Product Safety Commission (CPSC), Empower Brands has announced the recall of over 300,000 PowerXL Air Fryers because of a burn hazard.
365 Retail
DECEMBER 19, 2023
Just Eat has partnered with Morrisons, for on-demand delivery across its Morrisons Daily convenience stores. The partnership will initially roll-out to almost 60 stores in December, with plans to expand to over 650 stores early next year. As part of this, customers will have access to thousands of products from their local Morrisons Daily , from everyday essentials to last minute Christmas treats, available for delivery via the Just Eat app and website.
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