Tue.Dec 19, 2023

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Best of 2023: Is private equity ownership slowly killing retail?

Retail Gazette

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.

Grocer 126
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How AI is Being Utilized in the Last-Mile Logistics Space

Retail TouchPoints

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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Thrift Store Shopper Sells $3.99 Vase for Over $100K

Retail Wire

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.

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Collins Foods faces class action suit from KFC workers

Inside Retail

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

ATS 287
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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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Beautyque NYC Debuts New Interactive VR Shopping App

Retail TouchPoints

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

Shopping 278
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Luxury label Portia & Scarlett sold to American fashion company

Inside Retail

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

Fashion 287

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Chinese retailers’ pricing strategy risks ‘vicious cycle’ of low margins

Inside Retail

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.

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Apple Watch Models Pulled off Shelves for Patent Issues

Retail Wire

In light of an impending patent dispute, Apple plans to cease sales of specific Apple Watch models in the U.S. starting this week.

Planning 261
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Price misrepresentation set to cost Airbnb $30 million after ACCC probe

Inside Retail

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).

Consumer 262
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European Home Improvement Giant Kingfisher to Add Retail Media Capabilities Across 6 Banners

Retail TouchPoints

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.

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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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Japanese restaurant Okami puts 16 venues into voluntary administration

Inside Retail

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.

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Amazon in Discussions To Invest in and Partner With Diamond Sports

Retail Wire

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.

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Eddie Wu takes the helm of Taobao and Tmall Group, Alibaba announces

Inside Retail

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.

Returns 246
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Nippon Steel’s $14.1B Bet on U.S. Steel Revival

Retail Wire

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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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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Founder of Silk Laundry on building a sustainable global fashion brand

Inside Retail

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.

Fashion 246
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TRILUX’s E-Line Next and B.Veo meet Dubai’s dynamics In Madinat Badr’s AllDay supermarket

Retail Focus

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

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Tencent Closes Key US Gaming Studio, Altering Its Westward Expansion

Retail Wire

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.

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Are retailers ready for peak returns season?

Retail Dive

E-commerce has surged at the end of the year, which could mean that more people than ever will bring back their purchases.

Returns 134
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Master Off-Page SEO: Boost Traffic, Build Trust, and Drive Conversions

Off-page SEO is the key to building trust, attracting qualified traffic, and boosting conversions. This guide explores how to leverage backlinks, guest blogging, social media, and influencer marketing to expand your website’s reach and authority. Discover the synergy between on-page and off-page SEO, ensuring your site is optimized for success. Learn how to create valuable content, engage with online communities, and track your progress to fine-tune your strategy.

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How made-on-demand manufacturing is transforming the fashion industry

Inside Retail

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.

Fashion 130
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FTC antitrust trial against Amazon won’t start until mid-2026, at the earliest

Retail Dive

The government wants to move more efficiently, while the e-commerce giant says the scope and complexity of the case require more time.

ATS 131
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How Aldi, Coles and Woolworths use brand character to drive distinctiveness

Inside Retail

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.

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A New York Bill Wants To Keep Chick-fil-A Open on Sundays

Retail Wire

Chick-fil-A is always closed on Sundays, but a New York bill is looking to change that tradition.

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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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KMD Brands suffers lower sales as consumer sentiment weakens

Inside Retail

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

Consumer 130
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Lead Contamination in Cinnamon Applesauce Pouches May Be Intentional

Retail Wire

Three brands with contaminated applesauce pouches all have ties to a manufacturing facility in Ecuador.

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Wonderdays Gift Card: Unlocking a World of Experiences

Retail Focus

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

ATS 130
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Papa Johns Reinvents Stuffed Crust With Cheesy Calzone Twist

Retail Wire

Papa Johns has introduced the Cheesy Calzone Epic Stuffed Crust Pizza to its Epic Stuffed Crust lineup.

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Turn Your Website Into a Money-Maker: Tips for Small Business Success

Your website can be more than just a digital presence—it can be a thriving profit center. Discover proven strategies to monetize your website, whether you sell physical products, digital downloads, or services. Learn the importance of user-friendly design, high-quality content, and tailored marketing to meet audience needs and boost engagement. Explore options like e-commerce, affiliate marketing, and subscriptions, and use analytics to optimize for success.

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Google to pay US$700 million to consumers, states in Play store settlement

Inside Retail

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.

Consumer 130
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TGI Fridays’ Chicken Bites Recalled for Possible Plastic Contamination

Retail Wire

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.

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Morrisons teams up with Just Eat to launch on-demand delivery

Retail Gazette

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.

Wholesale 126
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The Container Store opens 100th store in New Jersey amid small format expansion

Retail Dive

The location is the home retailer’s sixth small-format store as it looks to achieve higher productivity in its store fleet.

Location 116
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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