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

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.

Planning 278

Planning Shrinkage Shopping Management 278

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

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.

Wholesale 254

Wholesale Location Planning Store Operations 254

Advertiser: ZoomInfo

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

Consumer

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

Jordyn Evans is the founder and brains behind Mingle, the seasoning brand that bootstrapped itself into national supermarkets Coles and Woolworths. “FMCG is not for the faint of heart, you have to be hungry for it,” Evans told Inside Retail. To compete with industry giants like MasterFoods and McCormick without the same access to resources, Evans shared that her team has to be more creative and react to trends faster before moving on to the next viral moment, because the industry heavyweights ar

Supermarket 245

Supermarket Marketing Consumer Returns 245

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 213

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

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 206

Retail Wire

OCTOBER 15, 2024

True Value is selling its business operations to Do it Best Corp.

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Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

Fulfillment

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.

Advertising 184

Advertising Accounting Management Returns 184

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.

Marketing 130

Marketing Consumer ATS 130

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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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.

Location 130

Location Consumer Shopping Planning 130

Advertiser: ZoomInfo

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

Planning

Retail Wire

OCTOBER 15, 2024

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

Shopping 147

Shopping 147

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

Consumer 130

Consumer Returns Fashion Management 130

Retail Wire

OCTOBER 15, 2024

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

Customer Experience 147

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

Fashion 130

Fashion Consumer Marketing 130

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Customer Experience

Retail Wire

OCTOBER 15, 2024

Burger King is giving customers a jumbo side of ranch.

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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.

Department Stores 130

Department Stores Accessories Apparel Planning 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

Advertiser: ZoomInfo

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.

Marketing

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

Japan’s Seven & I Holdings is betting it can boost value by hiving off underperforming businesses and focusing on mainstay 7-Eleven stores. The outcome of its strategy will determine whether it can outmanoeuvre a US$47 billion Canadian takeover bid. Much depends on the retailer’s ability to roll out a new store format in Japan, and improve profit margins overseas, analysts and industry insiders say.

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Planning Supermarket Returns Store Operations 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 128

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.

Shopping 122

Shopping Consumer 122

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Inside Retail

OCTOBER 15, 2024

Adidas has raised its full-year guidance after witnessing better-than-expected results in the third quarter. The sports apparel retailer is now anticipating a 10 per cent revenue increase for the year, up from the previous high single-digit rate forecast. Full-year operating profit is estimated to reach around €1.2 billion (US$1.307 billion), rising from last year’s € 1.0 billion.

Apparel 130

Apparel ATS 130

Retail Customer Experience

OCTOBER 15, 2024

The 2024 Interactive Customer Experience Summit included a panel entitled “Building customer loyalty with rewards that matter.” Each panelist shared their expertise on the challenges and successes of loyalty programs.

Customer Experience 119

Customer Experience 119

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 Gazette

OCTOBER 15, 2024

Fenwick has swung to a loss amid a “challenging retail environment” as high inflation weighed on sales and costs. The department store chain posted a loss before tax of £28.4m in the year to 26 January, compared to a profit of £57.1m the year prior. It comes as sales slipped 7% to £184.2m, down from £199.7m. Fenwick citied a “challenging backdrop to sales” as it blamed high mortgage rates and inflation on “contributing further to the ongoing effects of the cost-of-living crisis”.

Department Stores 114

Department Stores Returns Marketing ATS 114

Advertiser: ZoomInfo

Sales and marketing leaders have reached a tipping point when it comes to using intent data — and they’re not looking back. More than half of all B2B marketers are already using intent data to increase sales, and Gartner predicts this figure will grow to 70 percent. The reason is clear: intent can provide you with massive amounts of data that reveal sales opportunities earlier than ever before.

Marketing