Mon.Sep 23, 2024

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First-Ever Costco With Apartments Set for South Los Angeles

Retail Wire

Plans are moving forward for a new Costco development in Baldwin Village, South Los Angeles, marking the first location to feature residential apartments above the warehouse retail space.

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Premier Investments cancels ex-Smiggle MD’s performance shares

Inside Retail

Premier Investments’ board has decided to forfeit the performance shares issued to former Smiggle MD John Cheston due to his alleged breach of obligations. The total number of shares stood at 113,550 issued in two equal tranches last October 18 and May 29. “The Premier board considers that it is contrary to the purpose and conditions of the [performance rights] plan and otherwise inappropriate for Mr Cheston to receive the benefit of the performance shares that were issued on the afo

Planning 207
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Outdoor Retailer Fjällräven Launches Peer-to-Peer Resale Marketplace

Retail TouchPoints

Swedish outdoor apparel and gear retailer Fjällräven has launched Fjällräven Pre-Loved, a peer-to-peer resale marketplace powered by Archive that is designed to give a second life to products and reinforce the brand’s mission to reduce waste and promote circularity. “Since 1960 Fjällräven has believed in creating products built to last with sustainability, durability and timeless design,” said Nathan Dopp, CEO Americas at Fjällräven in a statement.

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Kmart Closing Last Full-Size US Store in October

Retail Wire

Once a fierce rival of Walmart, Kmart's decline is nearly complete.

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How To Foster Resilient Retail Operations For 2025

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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Amazon is Moving Beyond its Own Walls Like Never Before…What Will it Mean for Retail?

Retail TouchPoints

The major tech platforms, Amazon included, are often referred to as “walled gardens,” offering an immense set of capabilities, services, data and insights — but only to users within the “walls” of their site. However, Amazon is slowly but surely changing that; in fact, very soon, Amazon and its services are going to be showing up in a lot more places that aren’t Amazon — Google, TikTok, DTC websites and even at ports and along freight lines (although the Amazon branding will likely be less promi

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Rate hold ‘cold comfort’ for retailers

Inside Retail

Retailers said the Reserve Bank of Australia ‘s decision to hold the cash rate at 4.35 per cent will be of little encouragement to the industry as inflationary pressures still persist. “This decision will come as cold comfort to many retailers who may have been fearing a cash-rate increase,” said Paul Zahra, CEO of the Australian Retailers Association (ARA). “Cost-of-living pressures continue to impact the spending habits of Australians, with many households feeling the p

Returns 130

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Bacha Coffee bets big on global expansion, more new markets to come 

Inside Retail

Bacha Coffee, managed by TWG Tea’s parent company V3 Gourmet, is betting big on its global strategy, injecting €20 million (US$22.2 million) into its 1500sqm Champs-Élysées store slated to open later this year. The store “is one of a few strategic destinations planned for Europe in the next three years,” Maranda Barnes, chief commercial officer of V3 Gourmet, told Inside Retail.

Marketing 130
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Tempur Sealy Agrees to Sell 176 Stores in Pursuit of Mattress Firm Acquisition

Retail TouchPoints

Tempur Sealy International will sell 73 Mattress Firm stores and its 103 -store Sleep Outfitters subsidiary to Mattress Warehouse following the completion of Tempur Sealy’s proposed $4 billion acquisition of Mattress Firm, which is being challenged by the Federal Trade Commission (FTC). The planned divestiture is a pre-emptive move to make the deal more palatable to the FTC.

Planning 154
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Zambrero opens 300th global restaurant

Inside Retail

Mexican feel-good franchise Zambrero opened its 300th restaurant globally on 18 September. The newest location is on Glenferrie Road, Hawthorn, Melbourne with experienced Zambrero franchisee Luke Grady at the helm. Grady owns 10 restaurants and has been involved with the brand since 2015. “We’re very excited to open the 300th restaurant in Hawthorn.

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Mastering Promotional Pricing: Proactive Holiday Strategies to Protect Your Profits

Retail TouchPoints

Navigating holiday retail pricing strategies during times of economic uncertainty requires a delicate balance between reacting to market conditions and maintaining profitability. As we approach a period characterized by the looming U.S. presidential election, inflationary pressures and fluctuating interest rates, retailers must adopt a more refined, agile and data-driven approach to pricing and promotions.

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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.

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What retailers need to know about the latest battle over supermarket prices

Inside Retail

The Australian Competition and Consumer Commission’s (ACCC) allegations that Woolworths and Coles breached the Australian Consumer Law by making misleading claims about discounts come as retailers head into their most promotional period of the year and serve as a warning to the wider industry. The ACCC has alleged that the two supermarkets offered certain products at a regular price for at least 180 days before increasing the price of the product by at least 15 per cent for a relatively short pe

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White Castle Upgrades Craver Nation Rewards. Here’s What’s Changing

Retail Wire

White Castle has updated its Craver Nation rewards program and added more enhancements to its customer experience.

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How retailers can help drive $5.5 billion in impact through social procurement 

Inside Retail

Social procurement offers retailers of all sizes and sectors a ‘no-brainer’ way to create positive impact by engaging the goods and services of social enterprises. For example, Cleanable is a social enterprise dedicated to delivering professional cleaning services while also creating jobs for individuals facing employment barriers. Among its clients is Nando’s ANZ, which also works with Green Connect, a social enterprise that helps solve the food waste problem for NSW-based restaurants while als

Consumer 130
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KFC India Unveils First-Ever Sign Language Training for Employees

Retail Wire

KFC is the first fast-food chain to introduce this training.

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Pricing for Profit: How to Set, Negotiate, and Succeed

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

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YouTube Sharpens Appeal to Creators with New Gen AI Tools, Earning Capabilities

Retail TouchPoints

Last week at its annual “Made on YouTube” event for creators, the video platform unveiled a suite of AI-powered capabilities and community tools designed to help creators build their audiences and grow their business. “We’re committed to making sure creativity flourishes, communities thrive, and the creator economy grows on YouTube ,” said YouTube CEO Neal Mohan in a statement.

Shopping 154
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Taco John’s Now Offers Catering: Here’s the Menu

Retail Wire

Taco John’s is now offering a catering option to its loyal customers, featuring beloved menu items.

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Schemata Architects transforms 145-year-old townhouse into Le Labo flagship

Dezeen

Tokyo studio Schemata Architects has combined Japanese and Western designs inside a traditional wooden townhouse in Kyoto to create a store for perfumery brand Le Labo. The building, otherwise known as a machiya, is located in the Kiyamachi area and has been revamped to incorporate Le Labo 's typical finishes while respecting its 145-year-old architecture.

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Oktoberfest 2024 Is Embracing Non-Alcoholic Beer

Retail Wire

Festivalgoers can now find several non-alcoholic beer beverages at the biggest beer party on earth.

ATS 147
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A Blueprint for B2B Commerce

In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

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No, not all companies are abandoning diversity, equity and inclusion. Here’s why.

Retail Dive

Amid a high-profile backlash, many businesses are scrutinizing their policies. But the vast majority end up sticking with DEI, in part because it’s key to growth.

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Taco Bell Announces Return of Big Cheez-It Menu

Retail Wire

Taco Bell is only bringing the menu back for a limited time.

Returns 162
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Over 150 MPs urge Asda bosses to end equal pay dispute

Retail Gazette

More than 150 members of parliament have called on Asda’s bosses to settle its ongoing gender equal pay legal battle, GMB union reports. According to the union, 159 MPs have written to the supermarket’s majority owners TDR Capital, calling on them to finally end its ‘gender discrimination’ employment case, which is currently in its second stage.

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Halloween Spending To Reach $11.6B During Spooky Season 2024

Retail Wire

According to a new survey, Halloween spending has the potential to reach $11.6 billion this year.

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Innovation Fest: Summer of AI

Join Bloomreach at Innovation Fest: Summer 2024, a virtual event, to explore the future of personalized marketing and merchandising! Along with the company’s top product experts, CEO Raj De Datta will provide an exclusive look at the company’s latest AI innovations reshaping the omnichannel experience. Don’t miss out on this exciting opportunity to connect with fellow industry leaders and explore the latest trends in retail technology.

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Why Wiser’s Price Intelligence Solution is the Best for Your Business

Wiser

In a previous post, Comparing Price Monitoring Tools – Which One is Right for You? , we discussed the various levels of price monitoring tools available to retailers, from basic entry-level tools to advanced, AI-driven solutions. Now, in a follow up post, we’ll explore why Wiser’s Price Intelligence solution stands out as the top choice for businesses across all stages, offering the perfect balance of capabilities and cost-effectiveness.

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Starbucks Reserve News Roundup: New Flavors & Location

Retail Wire

Starbucks Reserve looks to be increasing its offerings and footprint under the radar.

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Sainsbury’s Local lands on Coronation Street

Retail Gazette

A Sainsbury’s Local store is making its debut appearance on Coronation Street today (23 September), as part of a product placement partnership with the iconic British television programme. The tie-up, which was unveiled earlier this year, comes as part of Argos renewing its headline sponsorship of the soap opera. The store facade on Victoria Street has been kept under wraps on-screen behind hoardings since July, according to the grocery giant.

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A Jewish Flight Attendant Is Suing Delta Air Lines. Here’s Why

Retail Wire

Delta Air Lines faces another lawsuit.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

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.

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K1 Speed to launch the world’s longest indoor karting track and e-sports venue at XSite Braehead

A1 Retail

Opening brings an investment of £5.5 million to boost Scottish leisure market and create 80 jobs XSite Braehead is excited to announce that K1 Speed, the world’s premier indoor karting operator, will be opening its UK flagship at the entertainment destination. This state-of-the-art facility, featuring the world’s longest indoor karting track, is backed by a significant £5.5 million investment, demonstrating K1 Speed’s confidence in both the Scottish market and the future of XSite Braehead.

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TikTok Shop takes on Prime Day with ‘one-of-a-kind’ week-long UK sales event

Retail Gazette

TikTok Shop is launching its first week-long sales event in the UK which will see some of the platform’s most popular brands offering exclusive discounts on thousands of trending products. The online giant’s ‘For You Days’ event will run from 23 to 30 September, featuring shopping sessions and one-off discounts from brands including Sweaty Betty , Made by Mitchell and L’Oreal Paris, following the successful US launch of the event this summer.

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Scarborough Group goes back to ‘Square One’ with Brunswick Centre

A1 Retail

The Brunswick shopping centre in Scarborough is to be given a brand new identity as part of an ambitious redevelopment project that aims to redefine and revitalise the town centre. Scarborough Group International (SGI), a property regeneration and placemaking specialist, and owner of the Brunswick, has announced that the centre will be renamed ‘Square One’ (SQ1), as it prepares to undertake extensive redevelopment works that will see it transformed into a vibrant, leisure-led destination.

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Oliver Bonas profits drop as it battles rising inflation

Retail Gazette

Oliver Bonas profits fell last year as it battled growing interest rates and high inflation during the period. The fashion firm ‘s profits dropped to £6.8m for the year ended 31 December, compared to £7.6m the year before, however, sales were up 18% to £136m. The results are in stark contrast to the year prior where its profits surged 21% and the retailer flagged that “things are slightly brighter” in the new year.

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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.