Retail TouchPoints
JULY 2, 2024
There’s no denying that the subscription economy is booming. In fact, the financial services firm UBS projects that the market will hit $1.5 trillion by 2025. Yet despite that robust figure, there is a looming challenge for merchants — chargebacks. So what exactly are chargebacks? Chargebacks occur when funds are withdrawn from a merchant’s account due to a customer dispute.
Retail Wire
JULY 2, 2024
California's largest insurer, State Farm, has issued a stark ultimatum to the California's Department of Insurance: approve significant rate hikes for home insurance or face the company's exit from the market.
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Retail TouchPoints
JULY 2, 2024
Ingka Investments — the investments arm of Ingka Group , which owns the majority of Ikea stores worldwide — has invested in a new retail office tower being built on New York City’s iconic Fifth Avenue. Rendering of 570 Fifth Avenue, which will feature an office tower and ground-level Ikea. (Photo credit: KPF) Located at the intersection of the Plaza and Grand Central Districts, 570 Fifth Avenue will be a 1,000,000 -square-foot mixed-use commercial building and marks the largest development
Retail Wire
JULY 2, 2024
With nearly 70 years of history, Bob's Stores has been a beloved fixture in local communities, offering affordable apparel and footwear. Despite its strong community ties, financial struggles have necessitated the liquidation of the company.
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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
JULY 2, 2024
JCPenney and Rare Beauty Brands have created the Lift Beauty Accelerator , a brand incubation initiative aimed at beauty brand founders from underrepresented backgrounds. The program will award $10,000 grants, retail distribution and mentorship with retail executives to five early-stage beauty brands founded by Black and Brown female-identifying leaders.
Inside Retail
JULY 2, 2024
Booktopia has been placed in voluntary administration, with its administrators exploring options for selling and/or recapitalising the business. The book retailer has appointed McGrathNicol Restructuring partners Keith Crawford, Matthew Caddy and Damien Pasfield as voluntary administrators, who issued a statement saying they are undertaking “an urgent assessment” of the company’s trading position.
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Inside Retail
JULY 2, 2024
Sure, big is grand. But small is just as exciting. You see, humans are drawn to the finer details. Those little elements capture our curiosity and stimulate the mind. They signify craftsmanship and cultural nuance. They also help things stand out or stand the test of time. From online CTAs to in-store POS, the smallest spaces often present the biggest opportunities to show off your brand’s unique character.
Retail Wire
JULY 2, 2024
In a unanimous decision, the Federal Trade Commission (FTC) has moved to block the $4 billion merger between mattress maker Tempur Sealy and Mattress Firm, the largest bedding retailer in the United States.
Inside Retail
JULY 2, 2024
Small business operators in retail and e-commerce are crucial to the Australian economy, yet they face significant cyber threats that can jeopardise their operations. Understanding these threats and implementing robust security measures is essential to safeguard your business. Introducing Cyber Wardens , a free training program offered by the Council of Small Business Organisations Australia (Cosboa) with support from the Australian Government.
Retail Wire
JULY 2, 2024
EverPass Media, a joint venture between the NFL and RedBird Capital Partners, is set to revolutionize how fans watch NFL games in bars, restaurants, and other commercial establishments.
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Inside Retail
JULY 2, 2024
While the everyday consumer has become pri c e-sensitive with the growing costs of living in the US, the 1 per cent is still spending – to a point where the luxury shopping market has become more competitive than ever. According to global data and business intelligence platform Statista , the luxury goods market is projected to generate a revenue of US$368.9 billion in 2024.
Retail Wire
JULY 2, 2024
The nationwide dog and cat food recall could affect your pet.
Inside Retail
JULY 2, 2024
In today’s hyper-competitive landscape, mastering customer engagement isn’t just an option – it’s essential for survival and growth. The Braze 2024 State of Customer Engagement in Retail and eCommerce report reveals insights to transform your approach to personalisation and lifecycle marketing, highlighting how top-performing retail and e-commerce marketers are anticipating market shifts and driving stronger customer engagement, retention and brand loyalty.
Retail Focus
JULY 2, 2024
rpa: group has helped deliver a pop-up for iconic swim and resort wear brand, Heidi Klein, in time to offer summer luxury to women for the holiday season. Heidi Klein was established in 2002 by Heidi Gosman and Penny Klein. Their beautifully crafted and timeless swim and resort wear, is renowned for its quality and understated style, that is designed to last and to make women feel both supported and beautiful.
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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
JULY 2, 2024
Richemont has appointed Louis Ferla as CEO of Cartier, succeeding Cyrille Vigneron, effective September 1. Currently, Ferla serves as CEO at Vacheron Constantin. He previously served Cartier as international director, clients and business development, and as China CEO. Prior to that, he was regional director of the Middle East, Africa, and India, and MD of Taiwan, with Cartier. “I am delighted that Louis has accepted to take on the top role at Cartier,” said Johann Rupert, Richemont&
Retail Wire
JULY 2, 2024
American Express cardholders in New York and Los Angeles stand to benefit from increased access to popular restaurants, provided they meet the required spending thresholds.
Inside Retail
JULY 2, 2024
As head of development for one of the world’s best-known doughnut brands, it’s safe to say that Patrick McIntyre has a pretty sweet gig. And before Krispy Kreme, McIntyre had almost a decade’s experience in global executive retail operations and supply-chain roles at candy maker Mars. Here, he shares his love for sweets and views on the evolution of retail.
Retail Wire
JULY 2, 2024
Meta is intensifying its efforts to promote AI tools on Instagram, with Mark Zuckerberg recently discussing these advancements on a podcast.
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.
Inside Retail
JULY 2, 2024
The company operating the Art of Hair salon in New South Wales and its manager are facing court for underpaying an employee. The Fair Work Ombudsman (FWO) has initiated legal action against The Art of Hair–Bateau Bay company along with its current manager Nelvin Lal and former director Cheri Rance. This is the third time the FWO has taken legal proceedings against Lal.
Retail Wire
JULY 2, 2024
Starting Tuesday, July 2, the Minnesota Department of Revenue will reopen applications for the highly anticipated e-bike rebate program.
Retail Gazette
JULY 2, 2024
Frasers Group has acquired Frenchgate Shopping Centre in Doncaster as it continues to grow its real estate portfolio. The 770,000sq ft shopping centre is located within the town centre, welcoming over 16m customers a year, and houses retailers such as Next, H&M and TK Maxx. Frasers said the deal provides an opportunity to more than triple the size of its Sports Direct shop to over 35,000sq ft and introduce more of its brands – USC, Game and Evans Cycles – into the store.
Retail Wire
JULY 2, 2024
Amazon is offering a variety of deals for Prime members.
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Retail Gazette
JULY 2, 2024
Administrators of The Body Shop have set a deadline of tomorrow (July 3) for prospective buyers to submit bids. It comes amid reports that administrator FRP is keen to wrap up the sale of the retailer remaining assets after its collapse in February. It is understood that Laura Ashley owner Gorden Brothers is the favourite to take on the chain after rival private equity firm, Bensons for Beds owner Alteri, pulled out of the race, The Sun reported.
Retail Dive
JULY 2, 2024
The retailer was unable to secure the financing necessary to keep operating. The fate of sibling Eastern Mountain Sports remains unclear.
Retail Gazette
JULY 2, 2024
China’s biggest online retailer JD.com is said to be in talks about a potential bid for parcel delivery company Evri. The British firm, which was formerly known as Hermes , drafted in advisers earlier this year to explore its options, including a possible sale of the business that could value it around £2bn. Evri’s private equity owner Advent took out a dividend of £762m from the business two years after its acquisition and has saddled it with a debt pile of more than £1bn.
Retail Dive
JULY 2, 2024
Walmart, Target and Amazon continue to dominate the top list of places consumers want to shop during the season, a JLL survey found.
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
Retail Gazette
JULY 2, 2024
M&S has unveiled plans to open two new flagship stores in Bath and Bristol as it continues to invest in strengthening its bricks-and-mortar offer. The new stores total an investment of £38m, which the high street retailer said will offer customers “the very best of M&S Food, Clothing and Beauty” M&S will relocate its central Bath location to open an 83,000sq ft store in SouthGate Shopping Centre, which will see staff at its current Stall Street store given the opportunity
Retail Customer Experience
JULY 2, 2024
Personalization means making a bigger effort than simply including a customer’s first name in a text message. It’s about understanding and caring about the wants and needs of your customer, as well as the intent behind their actions.
Retail Gazette
JULY 2, 2024
Shoe Zone plunged this morning (2 July) as the business warned high shipping costs would hit its profits this year. The retailer said it had “continued to experience cost pressures associated with container prices due to a reduction in the supply of shipping vessels”. It noted that paired with the continuation of a reroute away from the Suez Canal amid the ongoing attacks in the Red Sea, container prices have “risen significantly over the last six months”.
365 Retail
JULY 2, 2024
CACI , experts in consumer and location planning, have analysed the changing relationship between people and place, highlighting how and why a national footfall reduction at retail environments is happening, but still leading to rising spend. According to CACI data, since 2019, vendors across the UK have experienced an overall 11.5% drop in footfall.
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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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