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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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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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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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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Customer Experience

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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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

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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

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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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

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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Accounting

Retail Wire

OCTOBER 15, 2024

EV sales increase year over year, with Tesla's Model Y being the top seller.

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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.

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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

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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Customer Experience

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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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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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

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.

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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

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

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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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Retail Wire

OCTOBER 15, 2024

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

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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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Wholesale

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

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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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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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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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 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”.

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Retail Wire

OCTOBER 15, 2024

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

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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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