Wed.Oct 16, 2024

article thumbnail

Why Luxury Brands Should Consider Making Each Store Unique

Retail TouchPoints

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

Jewelry 290
article thumbnail

Coffee Treat unveils franchise model, plans regional growth

Inside Retail

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.

Planning 290
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The AI Pricing Debate: Balancing Retail Innovation and Consumer Trust

Retail TouchPoints

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.

Consumer 305
article thumbnail

Shooting for the moon: Prada set to head into space

Inside Retail

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.

Fashion 279
article thumbnail

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.

article thumbnail

NRF Predicts up to 3.5% Increase in Holiday Spending Despite Economic Headwinds

Retail TouchPoints

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

Finance 278
article thumbnail

PM reveals plans to ban ‘tricky tactics’. Online stores, gyms are top targets

Inside Retail

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.

Planning 263

More Trending

article thumbnail

Taco Bell and Big Chicken Are Introducing New Chicken Items for NFL Season

Retail Wire

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

ATS 243
article thumbnail

Beyond Kicks Off Container Store Partnership with $40 Million Investment

Retail TouchPoints

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.

article thumbnail

Pepsi and Baskin-Robbins Mark 150th Anniversary of Ice Cream Float With Giveaway

Retail Wire

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.

202
202
article thumbnail

Ulta Lays Out Aggressive Store Expansion Plan to Reach Target of 1,800 Locations

Retail TouchPoints

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.

Location 263
article thumbnail

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.

article thumbnail

Many Americans Expect To Miss Credit Card Payments in the Coming Months

Retail Wire

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

Finance 260
article thumbnail

4 Reasons to Invest in Custom Retail Lighting Schemes

Retail TouchPoints

While spatial planning is widely recognized as a key tool in shaping consumer behavior in brick-and-mortar environments, one crucial yet frequently overlooked aspect of retail design is lighting. As lighting designers and manufacturers, we at Juniper hold that lighting is often the missing link in creating a hospitable retail experience that keeps consumers engaged in physical spaces.

Consumer 258
article thumbnail

Walmart Introduces ‘Wicked’ Mystery Color Mac and Cheese

Retail Wire

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

261
261
article thumbnail

Amazon reveals its first color Kindle e-reader after years of development

Inside Retail

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.

Shipping 130
article thumbnail

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.

article thumbnail

Panera Just Settled the First Charged Lemonade Lawsuit. Here’s What Happened

Retail Wire

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

278
278
article thumbnail

Majority of Australians blame supermarkets for cost of living crisis

Inside Retail

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.

article thumbnail

Disney Criticized for Extreme Food Prices at New Cake Shop

Retail Wire

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

Shopping 264
article thumbnail

Hot property: What’s driving Aeon Mall’s record-high results

Inside Retail

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

article thumbnail

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.

article thumbnail

Pizza Hut Introduces the ‘Personal Pan Pizza Hut’ Restaurant Concept

Retail Wire

Pizza Hut is stepping up its personal pan pizza game.

255
255
article thumbnail

The grey market isn’t a black-and-white issue. Here’s why

Inside Retail

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.

Marketing 130
article thumbnail

Chipotle Has Invested in an AI Supply Chain and Mediterranean Restaurant

Retail Wire

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.

130
130
article thumbnail

Rent the Runway, Glossier, Farm Rio talk brand growth at Shoptalk Fall day one

Inside Retail

“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.

ATS 130
article thumbnail

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

article thumbnail

Mint Velvet opens key regional store at centre:mk

Retail Focus

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.

Boutique 130
article thumbnail

Exclusive: Dean Salakas on the ‘big future’ of The Party People

Inside Retail

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.

ATS 130
article thumbnail

Tesco secures landmark solar deal to power 144 stores

Retail Gazette

Tesco has signed a deal to acquire enough solar energy to power 144 of its large stores, purchasing almost two-thirds of the electricity generated by the Cleve Hill solar park in Kent. The £450m solar park, developed by Quinbrook Infrastructure Partners on farmland near Faversham, will provide Tesco with up to 10% of its UK electricity needs over the next 15 years, generating enough renewable energy to power the stores for a year.

article thumbnail

New Zealand’s pre-loved fashion platform Designer Wardrobe enters Australia

Inside Retail

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.

Fashion 130
article thumbnail

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

article thumbnail

Shein adds more banks as it lines up London IPO

Retail Gazette

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.

article thumbnail

FINAL CALL: 9th Annual Global Small Business Forum 10/18/24 in Chicago!

LS Retail

©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.

article thumbnail

Snapchat to Launch ‘Snap Street’: An Immersive High-Street Experience in East London

365 Retail

Snapchat has announced the launch of an all-new immersive high-street experience, Snap Street, set to open in East London this October. The Ely’s Yard building in Brick Lane will be totally transformed into an actual indoor ‘high-street’ with shop-fronts showing off the state-of-the-art Augmented Reality (AR) experiences available on Snapchat – curated by beloved brands like Depop, Boots, and Cosmopolitan.

Fashion 109
article thumbnail

CX executive roundtable highlights CX innovations, future trends at ICX Summit

Retail Customer Experience

At this year's ICX Summit, hosted in Charlotte, North Carolina by Networld Media Group, a roundtable discussion featuring industry leaders in customer experience revealed insights into the challenges and innovations shaping the future of the field.

ATS 112
article thumbnail

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.