Retail Focus

OCTOBER 15, 2024

Seasonal shopping events such as Black Friday, Cyber Monday, and the back-to-school season have a significant impact on retail stock prices. These periods experience a surge in consumer spending, driving up sales figures and influencing investor sentiment. As retailers roll out promotions and discounts to attract customers, their performance during these high-stakes times can lead to fluctuations in stock valuations.

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Shopping Consumer Promotions Marketing 130

Retail TouchPoints

OCTOBER 15, 2024

Privately held hardware wholesaler True Value has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware as it prepares to sell “substantially all” of its business operations to rival Do it Best Corp. During the reorganization process, the 75-year-old retailer will continue to operate its 4,500 stores, which are independently owned, except for a corporate-owned location in Palatine, Ill.

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Wholesale Location Planning Store Operations 264

Retail Wire

OCTOBER 15, 2024

Walgreens has reported earnings above analysts' expectations, but the company is moving forward with previously announced store closings.

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Retail TouchPoints

OCTOBER 15, 2024

Walgreens Boots Alliance will close 1,200 stores in the next three years, including 500 closures during its 2025 fiscal year, which will end in August 2025, according to the company’s release discussing its FY 2024 performance. In June 2024 Walgreens had outlined turnaround plans that would include the closure of a “significant number of underperforming stores,” according to CEO Tim Wentworth.

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Planning Store Operations Marketing 259

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 Wire

OCTOBER 15, 2024

Costco has introduced a new product that mirrors the popular Spicy Chicken Sandwich from Chick-fil-A as a way to offer a budget-friendly alternative.

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Retail TouchPoints

OCTOBER 15, 2024

Commerce is being embedded into more channels, platforms and touch points. Destinations once focused on education and inspiration are now shoppable, which means brands can transform every piece of content and point of engagement into a conversion opportunity. The collapse of the traditional marketing funnel was a central theme of this year’s Advertising Week New York (AWNY), which brought thousands of executives from across the industry landscape to New York City for four days of sessions

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Marketing Advertising Consumer Location 279

Retail TouchPoints

OCTOBER 15, 2024

Guess has introduced Guess Again, a new product recycling program for U.S. online customers. The retailer already offers an in-store recycling program, in partnership with Homeboy Threads , that allows customers to bring in five or more items of any brand to U.S. and Canada Guess stores and receive discounts on their next full-price qualifying purchase.

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Shipping Management Customer Experience Fulfillment 242

Inside Retail

OCTOBER 15, 2024

Discount variety retailer The Reject Shop plans to open more stores this year to support sales growth and increase profitability. In a trading update, the company said it is targeting to open 15-20 new stores in FY25. The chain currently has 386 stores nationwide, having opened 67 new stores and closed 35 underperforming ones since June 2020. According to chairman Steven Fisher, the discount variety sector presents a significant opportunity for growth over the medium to long term.

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Planning Shrinkage Shopping Management 162

Retail TouchPoints

OCTOBER 15, 2024

Just in time for the peak holiday shopping period, Google has rebuilt its Shopping experience “from the ground up with AI,” bringing together its collection of 45 billion product listings and Gemini AI models to “transform the online shopping experience,” according to a company blog post. The update marks the “ biggest step change we’ve introduced in Google Shopping to date ,” said Lilian Rincon, Google Shopping’s VP of Product at a press briefing attended by Retail TouchPoints.

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Shopping Consumer ATS 162

Retail Wire

OCTOBER 15, 2024

KFC is expanding its dessert offerings with the introduction of Cherry Pie Poppers, joining the previously launched Apple Pie Poppers. Known primarily for its fried chicken and comfort food sides, KFC also features a selection of desserts, including brownies and a chocolate chip cake.

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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

Retail TouchPoints

OCTOBER 15, 2024

It’s no secret that mastering retail media search advertising empowers brands to drive highly qualified traffic, optimize ad spend and stay competitive in a highly saturated digital marketplace. But when it comes to maximizing advertising budgets — especially on retail media platforms like Amazon, Walmart and Target — understanding and strategizing how cost-per-click (CPC) is calculated can help brands focus their dollars on high-intent, high-converting shoppers to drive long-term growth.

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Advertising Accounting Management Returns 162

Inside Retail

OCTOBER 15, 2024

Sloomoo Institute is a brand like no other. Born out of the pain of loss and hardship, the experiential slime brand (yes, you read that right) aims to bring joy to customers through its sensory-focused and inclusive in-person experiences. What started in 2019 as a six-month pop-up shop that welcomed 3000 visitors on opening day has quickly turned into a full-blown retail operation with multiple bricks-and-mortar locations, a wide range of SKUs, and several intriguing collaborations.

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Location Consumer Shopping Planning 130

Retail Focus

OCTOBER 15, 2024

Effectively managing your business finances is essential for maintaining smooth operations and making well-informed decisions. Failing to develop strong financial management skills can lead to significant penalties, difficulty obtaining financing, and poor business choices, potentially putting your business at risk of closing. Here are important ways of managing your business finances.

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Finance Management Merchant Services Accounting 130

Inside Retail

OCTOBER 15, 2024

Myer has created new positions and named new executives, hiring some of CEO and executive chair Olivia Wirth ‘s former colleagues from her time with Qantas. Most recently, Myer appointed Andrew Taylor, former Qantas Loyalty head of corporate development, to the newly created role of chief transformation officer. Meanwhile, former Cedar Brands CEO Warwick Blunt will assume the newly constructed role of GM for digital commerce at Myer in November.

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Department Stores Accessories Apparel Planning 130

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Retail Wire

OCTOBER 15, 2024

Bath & Body Works has responded to backlash over an image featured prominently on its "Snowed In" candle label that allegedly looks like the white hoods

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Inside Retail

OCTOBER 15, 2024

After a new study revealed that 2.5 million pots and pans are thrown away in Australia annually, national retailer Kitchen Warehouse has launched ‘The Great Pan Exchange’. The initiative is designed to encourage consumers to bring their old pots and pans into Kitchen Warehouse stores so they can be recycled. The Great Pan Exchange is attempting to divert the somewhat 7000 pans that are being sent to landfill daily in Australia – offering a convenient and safe way for consumers to recycle old coo

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Consumer Fashion Returns Management 130

Retail Wire

OCTOBER 15, 2024

At the recent DELIVER America conference, RetailWire hosted a series of enlightening conversations with retail industry trailblazers.

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Customer Experience ATS 147

Inside Retail

OCTOBER 15, 2024

LVMH ‘s third-quarter revenue declined, which the company attributed to Japan’s stronger yen and China’s weak consumer confidence. The luxury retailer’s sales slid 3 per cent to €19.08 billion (US$20.78 billion), with wines and spirits decreasing 7 per cent to €1.38 billion ($1.5 billion). Fashion and leather goods fell 5 per cent to €9.15 billion ($9.96 billion), while watches and jewellery dropped 4 per cent to €2.39 billion ($2.6 billion). “The fashion division s

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Fashion Consumer Marketing 130

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

Retail Wire

OCTOBER 15, 2024

What is likely to be the largest-ever In-N-Out Burger is coming to Las Vegas.

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Inside Retail

OCTOBER 15, 2024

Beginning as a farmers’ market stall in Singapore in 2012, premium ice cream brand The Ice Cream & Cookie Co (ICC) is now bringing its products to its second international market after Malaysia, opening its first store in Central’s Gough Street in Hong Kong later this month. “It is our first concept store. We want it to be a place where people will make great memories,” said Natasha Chiam, co-founder of The Ice Cream & Cookie Co, who crafted the ice cream sandwiches in her kitchen for he

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Kiosk Marketing Location Consumer 130

Retail Wire

OCTOBER 15, 2024

Church's Texas Chicken has entered the so-called "chicken wars.

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Inside Retail

OCTOBER 15, 2024

KMD Brands has appointed its group CEO Michael Daly as interim CEO of Rip Curl, following the resignation of Brooke Farris. Farris worked with Rip Curl for more than 14 years, starting as international events and women’s team manager in August 2010. The last three years has been spent as CEO of the brand. “As CEO, she has achieved record sales and grown the women’s business significantly,” said Daly. “Brooke leaves Rip Curl well positioned for its next phase.”

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Management 130

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Shopping

Retail Dive

OCTOBER 15, 2024

While online shopping is returning to pre-pandemic behaviors, there is a generational divide between those who shop on computers versus mobile devices, according to Experian.

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Shopping Planning Returns 124

Inside Retail

OCTOBER 15, 2024

If you’re offered a free cookie, you might say yes. But if you’re paid to eat a free cookie , would your response be the same? In our new research , twice as many people were willing to eat a cookie when they weren’t offered payment compared with when they were. From a purely economic perspective, our findings reflect irrational decision making. Objectively, a cookie plus money is better than just a cookie.

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Marketing Consumer ATS 130

Retail Dive

OCTOBER 15, 2024

The drugstore retailer’s plans reverse its expansion ambitions from a few years ago, when the company attempted to merge with rival Rite Aid.

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Planning 130

Retail Customer Experience

OCTOBER 15, 2024

AI is here to stay, but it’s moving so fast, it’s hard to know where it’s going. From our daily lives as consumers to our operations in business, it’s hard to keep up with the changes and trends that are transforming entire industries virtually overnight — and sometimes repeatedly.

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Shopping Consumer 114

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

Retail Wire

OCTOBER 15, 2024

All in-one shopping? Yes, please, and thank you Amazon.

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Shopping 147

Retail Dive

OCTOBER 15, 2024

The 75-year-old brand, whose stores are largely excluded from the bankruptcy, is seeking court approval to sell itself to rival Do it Best for $153 million.

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Retail Wire

OCTOBER 15, 2024

Burger King is giving customers a jumbo side of ranch.

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Retail Customer Experience

OCTOBER 15, 2024

By embracing AI-first search and product discovery technology, retailers can transform the endless aisle from a labyrinth of overwhelm to a paradise of possibility. This translates to a more navigable and efficient shopping experience for customers.

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Shopping 103

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