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 Chargebacks occur when funds are withdrawn from a merchant’s account due to a customer dispute.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
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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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.
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.
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.
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.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
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.
Retail TouchPoints
JULY 2, 2024
E.l.f. has become the first beauty brand to test real-world commerce in the Roblox virtual world, via the platform’s collaboration with Wa l mart. E.l.f. has created a virtual kiosk within its E.l.f. UP! experience on Roblox , where U.S. visitors ages 13 and older can purchase a Roblox-exclusive limited-edition physical product — an E.l.f. UP! Pets hoodie — as well as a selection of beauty products including lip balms and sunscreen.
Retail Wire
JULY 2, 2024
The nationwide dog and cat food recall could affect your pet.
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.
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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.
Retail Focus
JULY 2, 2024
Having long been at the top of customer’s wish lists, Marks & Spencer is officially returning to Bristol city centre with a new flagship store at Cabot Circus. The repositioning with a new M&S unlocks a significant investment to improve the customer experience and merchandising at Cabot Circus. Alongside their latest clothing and home offer, the new store will bring a market leading grocery offer and M&S café, which aligns to Hammerson’s strategy of diversifying the purpose of its de
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 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
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&
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Achieve more with your commerce with the help of Orium’s Composable Commerce Reference Architecture 2024 Edition. Presented in partnership with commercetools, Contentstack, and Google Cloud, this edition is packed with new insights and practical examples to help you navigate changes in digital commerce and construct an adaptable tech stack optimized for efficiency and scalability.
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.
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
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.
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.
Retail Wire
JULY 2, 2024
Amazon is offering a variety of deals for Prime members.
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 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.
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Be empowered to master the digital landscape and implement modular and adaptable composable technologies. Authored by Orium, The Pragmatic Guide to Composability takes readers on a journey from composable’s beginnings to common misconceptions about the approach, then concludes with strategies for choosing implementations that result in quick wins to grow your ROI.
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.
Retail Gazette
JULY 2, 2024
Sainsbury’s CEO Simon Roberts has called out the four big things he wants to see from the next government, as the election looms this week. Following the grocery giant’s first results, which saw it toast “market-beating grocery performance” , Roberts insisted Sainsbury’s had been “engaging very actively before the election started with all political parties” He added that he had been “encouraged” by the willingness to engage, and emphasised t
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.
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”.
Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali
Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.
Shopping Center
JULY 2, 2024
Milledgeville, Ga. — Marcus & Millichap has brokered the $8.3 million sale of two retail properties located in Milledgeville. An undisclosed buyer acquired Town Central Shopping Center, a 140,097-square-foot retail center,… The post Marcus & Millichap Brokers $8.3 Million Sale of Retail Properties in Milledgeville, Georgia appeared first on Shopping Center Business.
Retail Times
JULY 2, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Budweiser Brewing Group UK&I, a subsidiary of AB InBev, today announces an agreement with Mahou San Miguel to distribute San Miguel in the UK. This agreement will bring the Spanish brewer’s two leading brands under one umbrella, with Budweiser Brewing Group already distributing Mahou in the UK since 2021.
Retail Gazette
JULY 2, 2024
Retailers including JD Sports, Sainsbury’s, and M&S are facing shareholder backlash for not committing to pay all their employees and third-party contractors a real living wage. Major financial institutions such as LGIM, HSBC Asset Management, Aviva, and Scottish Widows are backing a campaign against low pay, collectively managing $6.6tn (£5.2 tn) in assets.
Retail Times
JULY 2, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Justin Thomas, VP of sales, North Europe at Akeneo, argues that retailers need a more product data consistent approach to their channels to market to ensure the best possible experience for their customers We’ve all been discussing “omnichannel” strategies for years, and it seems the complexity of managing these channels only increases.
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