Retail TouchPoints

OCTOBER 16, 2024

For decades, the mantra of retail success has been scalability. A brand’s ability to replicate the same look, feel and customer experience in each and every physical location has been a prerequisite for expansion, brand-building and economies of scale. Rich Johnson, Odyssey Retail Advisors However, in the luxury retail sector, it’s advantageous to use the available space and the geographic location to create a unique design concept for each brick-and-mortar store, according to Rich Johnson, Prin

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Inside Retail

OCTOBER 16, 2024

Businesses that use deceptive tactics, such as hidden fees and difficult-to-cancel subscriptions, are in the crosshairs of the Albanese Government’s latest consumer protection reforms. Aiming to ban unfair trading practices under Australian Consumer Law, the government hopes these changes will ease cost-of-living pressures and offer fairer treatment to consumers and suppliers alike.

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Retail TouchPoints

OCTOBER 16, 2024

Artificial intelligence is rapidly transforming how retailers set prices, sparking public debate and drawing regulatory attention. The Federal Trade Commission’s recent announcement of an inquiry into “surveillance pricing”—the use of personal shopper data for individualized pricing—has intensified scrutiny of AI-driven pricing practices.

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Retail Wire

OCTOBER 16, 2024

Chipotle Mexican Grill has expanded its investment strategy by committing funds to Lumachain, an AI supply chain platform, and Brassica, a Mediterranean fast-casual restaurant.

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Advertiser: Experience Retail Today

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.

Fashion

Retail TouchPoints

OCTOBER 16, 2024

The National Retail Federation predicts that this year’s holiday spending will increase by 2.5% to 3.5% over 2023 despite continued concern about a consumer pullback. This would equate to between $979.5 billion and $989 billion in total holiday spending from Nov. 1 to Dec. 31, compared to the $955.6 billion spent during the same period last year. Image courtesy NRF A number of factors have given analysts and retailers cause for concern about this year’s crucial holiday period, including a shopp

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Finance Consumer Shopping Marketing 189

Inside Retail

OCTOBER 16, 2024

Amazon on Wednesday announced its first color Kindle e-reader following years of effort to bring the more immersive device to market. The ‘Kindle Colorsoft’ carries a $280 price tag that compares with similar devices from other manufacturers available on Amazon in the range of $149 to $330. The Colorsoft relies on LEDs and other technologies to achieve the colour display, according to a company statement.

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Inside Retail

OCTOBER 16, 2024

A majority of Australians blame supermarkets, at least in part, for the rising cost of living in the country, a survey shows. The Australia Institute’s Carmichael Centre/Centre for Future Work surveyed 1014 participants and found that 83 per cent largely or somehow blame supermarkets for inflation. Meanwhile, 60 per cent nominated groceries as the most-noticed cost increase, compared to 21 per cent who nominated utilities.

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Retail TouchPoints

OCTOBER 16, 2024

Ulta Beauty has outlined a new set of strategic priorities to drive its growth and announced new long-term financial targets that include an acceleration of new store openings. With a target of 1,800+ total locations, the beauty retailer plans to open 200 net-new stores over the next three years. “Ulta Beauty is a leader in a growing category with a proven model and substantial financial strength to invest and power our long-term growth,” said Dave Kimbell, CEO of Ulta Beauty in a statement.

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Inside Retail

OCTOBER 16, 2024

In Japan, the summers are usually fairly temperate, but when the country got a real doozy of a hot one this year, its malls became part of the government’s relief operation. Aeon Mall , Japan’s biggest mall operator, offered up its 92 properties as heat evacuation sites. It benefited commercially as a result. On October 8, the company reported that for the six months ending August 31, its operating revenue reached a record high of 222.2 billion yen (US$1.5 billion), representing an increase of 5

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Retail TouchPoints

OCTOBER 16, 2024

Save A Lot has partnered with Leevers Supermarkets to launch Ahorra Mucho , a new discount grocery store and innovation center in Aurora, Colo. that will feature unique Hispanic product assortments — part of the store’s mission of testing how new products and shoppers could strengthen shopper loyalty among this consumer set. The Ahorra Mucho (which translates directly to “Save A Lot”) store will have specialized features such as a full-service, centrally located meat counter, a cornerstone of Hi

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Supermarket Fulfillment Location Consumer 147

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

Customer Experience

Inside Retail

OCTOBER 16, 2024

Over the years, I’ve heard ‘grey market’ tossed around a lot in the beauty industry. Brands and retailers talk about it all the time, (I do), but how much do we actually understand? After chatting with some beauty insiders, I realised the grey market is still a grey area. So, I decided to get to the black-and-white of it. Here’s what you should know.

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Retail TouchPoints

OCTOBER 16, 2024

Beyond and The Container Store are embarking on a new strategic partnership that will leverage the latter’s brick-and-mortar footprint with Beyond’s data platform, customer analytics, loyalty and payment programs. As part of the deal, Beyond will invest $40 million in The Container Store through a preferred equity transaction, subject to certain terms and conditions.

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Inside Retail

OCTOBER 16, 2024

“Mission: possible” was the pervading message on day one of the Shoptalk Fall industry event in Chicago. Running from October 16-18, the conference has attracted big names in retail, including Jennifer Hyman, co-founder and CEO of Rent the Runway, Kyle Leahy, CEO of Glossier , Daniel Martinez, global retail director of Farm Rio, and Kiera Gannan, SVP and global GM of Ralph Lauren Brands.

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Retail Focus

OCTOBER 16, 2024

Mint Velvet , the British womenswear brand, renowned for its relaxed yet glamorous style has opened its new Boutique, and debut Milton Keynes location, within centre:mk’s premium Silbury Arcade, one of the top 10 retail destinations in the UK. Spanning 2,100 sq ft, the store offers Mint Velvet’s latest collection of womenswear footwear, and accessories.

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Inside Retail

OCTOBER 16, 2024

The Victorian hole-in-the-wall coffee shop Coffee Treat has launched into franchising, with plans to extend into country towns. Director Chelsea Hayward told Franchise Executives , “I’ve heard so many times people say they can’t get a decent coffee in the country. So by franchising, I aim to make it accessible to country people. They haven’t had a lot of variety in small country towns.

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Retail Wire

OCTOBER 16, 2024

For the football season, chicken has become a popular and favorite choice for game-day menus both at home and in restaurants.

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Inside Retail

OCTOBER 16, 2024

Italian luxury group Prada and Houston-based startup Axiom Space unveiled on Wednesday the design of a spacesuit that will be used for NASA’s Artemis 3 mission to the moon that is planned for 2026. In its outward appearance, the spacesuit does not stray too far from what astronauts have worn in the past. It is the familiar bulky white suit, with added red trim and grey patches on the knees and elbows.

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Retail Wire

OCTOBER 16, 2024

To commemorate the 150th anniversary of the ice cream float, Pepsi and Baskin-Robbins have joined forces to give one winner the chance to enjoy a free ice cream float a week for an entire year.

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Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

Finance

Inside Retail

OCTOBER 16, 2024

If money were no object, Dean Salakas knows exactly what he would do to take his party supplies business, The Party People, to the next level. “One is to grow online and do a whole re-platform and really focus on driving the business through the website, but also marketplaces,” Salakas told Inside Retail. “And then also bricks-and-mortar. I think bricks-and-mortar has a key role to play in a unified strategy for the business.

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ATS 130

Retail Wire

OCTOBER 16, 2024

Panera made a settlement offer to the first plaintiff, which was accepted.

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Inside Retail

OCTOBER 16, 2024

Kiwi online fashion platform Designer Wardrobe has launched in Australia, committing to supporting Australians in addressing fashion waste in landfills. Australians can access hundreds of thousands of listings across Australia and New Zealand, with the average customer saving 60 per cent off the RRP of brands such as Zimmerman, Rebecca Vallance, Levi’s, and Acne Studios.

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Fashion ATS Accessories 130

Retail Wire

OCTOBER 16, 2024

Americans are almost as worried about missing a credit card payment as they were in 2020.

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Shopping

Retail Gazette

OCTOBER 16, 2024

Shein has enlisted more banks to help it line up its potential initial public offering in London. Barclays Plc and UBS Group AG have been appointed as bookrunners for the upcoming flotation on the London Stock Exchange, Bloomberg reported. The fast fashion giant has been working with the likes of Goldman Sachs Group Inc, JPMorgan Chase & Co and Morgan Stanley on its preparations.

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Retail Wire

OCTOBER 16, 2024

The "Wicked" product features either pink or green cheese when water is added.

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Retail Gazette

OCTOBER 16, 2024

Inflation fell to 1.7% last month, dropping below the Bank of England’s 2% target for the first time in more than three years, according to the latest Consumer Price Index. However, food inflation saw an increase of 0.6 percentage points, rising to 1.9%. The September CPI figure will determine next April’s increase to business rates, with the retail industry facing an estimated additional £140m in payments.

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Retail Wire

OCTOBER 16, 2024

Disney's new Cake Bake Shop posted its menu and fans are upset over the prices.

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Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

Shopping

Wiser

OCTOBER 16, 2024

Technology has made today’s market hyper-competitive, and pricing decisions can make or break a business. Companies that excel in pricing typically harness the power of both price intelligence and price optimization, relying on data such as customer ratings and reviews. Price intelligence provides data-driven insights into competitor pricing and market trends, while customer feedback provides a deeper understanding of how customers perceive value and what they are willing to pay.

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Marketing Management 78

Retail Wire

OCTOBER 16, 2024

Pizza Hut is stepping up its personal pan pizza game.

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LS Retail

OCTOBER 16, 2024

©2024 Laurel J. Delaney. All rights reserved. Ready. Set. Let's go global! There is still time to sign up for the biggest and best 9th Annual Global Small Business Forum , "Global Success Within Reach – The Bigger Picture," held in Chicago on Friday, October 18th from 8:00-11:30 AM CT. Hear from a cast of experienced speakers who know the ins and outs to global expansion.

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Management Marketing 87

Retail Wire

OCTOBER 16, 2024

Delta Air Lines said that there was an issue with the caterer.

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Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

Management