Fri.Nov 15, 2024

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The state of insolvencies in the retail industry

Retail Focus

The British high street has endured a string of high-profile insolvencies in recent years, leading to the demise of household retail brands. Retailers are fighting to stay out of the red as record-high inflation, rising rent, the cost of living crisis, and growing popularity for ecommerce dent already reduced budgets. Chris Bristow, a company liquidation and corporate rescue specialist at Real Business Rescue, examines the financial health of retail businesses under the current climate.

Consumer 147
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Citing Costs, Saks Fifth Avenue Dims the Lights on its Holiday Show

Retail TouchPoints

After more than 20 years, Saks Fifth Avenue is cancelling the renowned holiday light show at its Fifth Avenue flagship store. The light show has become something of a cultural fixture in Manhattan during the holiday season, serving as the perfect complement to Saks’ famed holiday window displays as well as the Rockefeller Center Christmas tree. Last year’s show, sponsored by Christian Dior, was the retailer’s most dynamic yet.

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GM Looking To Cut 1,000 Jobs Yet Again

Retail Wire

General Motors is cutting back to save money and boost efficiency.

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Does Amazon Actually Gain from Launching a Temu Clone?

Retail TouchPoints

The Editors’ Perspectives column offers insights and opinions from the Retail TouchPoints editorial team as they dig into the latest trends in retail, marketing and tech. Amazon ’s highly anticipated low-cost Temu competitor has arrived , and it’s called Haul. While industry insiders have been tracking the development of the discount storefront for months, consumers will likely have a bit of trouble finding it now that it’s here.

Shipping 173
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Is Your Business AI-Ready? Find Out with Orium’s Maturity Model

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.

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Target’s New ‘Hot’ Santa, Kris, Debuts in Cheeky Holiday Ads

Retail Wire

New Target ads feature a "hot," modernized take on Santa Claus.

Shopping 245
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‘Alexa, Will These Jeans Make Me Look Fat?’: Levi’s Debuts Conversational Fit Guide

Retail TouchPoints

Levi Strauss & Co. has introduced a Levi’s Jeans Fit Guide on Amazon Alexa , part of the apparel company’s move toward becoming a DTC-first brand. The feature, exclusively available in Germany through the end of December 2024, is an interactive voice-driven questionnaire designed to help shoppers select the right fit and style of jeans without having to try on multiple pairs.

Apparel 147

More Trending

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Albertsons’ Retail Media Arm Adds NBCUniversal Channels to CTV Offering

Retail TouchPoints

Albertsons Media Collective is expanding its Collective TV offering to include video ads across NBCUniversal ‘s suite of channels and publisher partners, including Peacock , ESPN , Food Network , CNN , Telemundo and Sunday Night NFL. Launched in June 2024, Albertsons Media’s Collective TV offering aims to unlock the combined value of retail media and TV by combining connected TV’s (CTV) ad serving and measurement solutions with Albertsons shopper data and insights.

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Kraft Heinz Faces Class Action Lawsuit Over Preservatives in Mac & Cheese

Retail Wire

Kraft Heinz faces a class action lawsuit targeting its boxed Mac & Cheese.

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QVC Parent Company Rebrands, Zeroes in on Social for Future Growth

Retail TouchPoints

In a move to double down on the equity of its flagship brand, Qurate Retail Group — parent company of QVC , HSN , Garnet Hill , Grandin Road , Ballard Designs and Frontgate — is rebranding as QVC Group as it looks to expand its presence in the realm of live social shopping. As it nears the end of its multi-year Project Athens turnaround strategy, the company is now setting its sights on becoming “the world’s leading live social shopping content engine , inspiring human connection with inc

Shopping 147
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Ford Facing $165M Recall Fine After Investigation Over Faulty Backup Cameras Concludes

Retail Wire

Ford moved too slowly on its recall and failed to give accurate information to customers.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Rent the Runway Celebrates 15 Years by Inviting Consumers to ‘Embrace Access Over Accumulation’

Retail TouchPoints

After several years of rebuilding following a post-pandemic slump, Rent the Runway (RTR) is ready for a new chapter. The fashion rental platform marks its 15 th anniversary this year, and to celebrate it has introduced a new brand platform — “Own Nothing, Have Everything” — aimed at reshaping how consumers think about fashion. “This bold philosophy redefines the future of fashion by inviting consumers to move beyond traditional ownership and embrace access over accumulation ,” said the company i

Consumer 147
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Macy’s CEO Announces Plan To Sell More Shoes

Retail Wire

Macy's CEO thinks he has the key to saving the store from further closures.

Planning 130
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Advance Auto Parts to Shutter 523 Stores, Exit 204 Independent Locations

Retail TouchPoints

Following a fiscal Q3 that saw its net sales decline 3.2% compared to the same period the previous year, Advance Auto Parts (AAP) will close 523 corporate stores, exit 204 independent locations and shutter four distribution centers. As of Oct. 5, 2024, the auto parts retailer operated a total of 4,781 stores and serviced 1,125 independently operated Carquest stores.

Location 147
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GM’s Self-Driving Car Company Cruise Admits To Submitting False Report

Retail Wire

Cruise must pay a fine of $500,000 for failing to properly report an accident.

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Is Your Brand AI-Ready? Find Out with Orium’s Maturity Model

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.

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The Myth of One-Size-Fits-All Pricing

Retail TouchPoints

The notion of a one-size-fits-all pricing model is becoming increasingly obsolete. Every company evolves at a different pace and scale, necessitating tailored pricing strategies to meet its unique needs and ability to achieve go-to-market goals. Just as no two companies grow in the exact same way, their revenue streams, customer bases and market demands also differ significantly.

Marketing 147
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7-Eleven’s 60-Cent Coffee Mondays Celebrate 60th Anniversary of To-Go Cups

Retail Wire

7-Eleven is celebrating 60 years of the to-go cup with a sweet customer deal.

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How Asos, M&S, Primark and Zalando are navigating a challenging fashion market

Retail Gazette

Over the last week there has been a raft of updates from fashion retailers, from Primark to M&S. The results have highlighted the different strategies fashion retailers are deploying to stay ahead in a fragmented and challenging market. From agile inventory models to premium positioning, each retailer has its own distinctive plan to drive growth amid shifting consumer behaviours, economic pressures, and rising competition.

Fashion 111
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Waffle House Employees Demand Better Labor Conditions Following Death of 18-Year-Old Employee

Retail Wire

Waffle House employees say they want things to be better.

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NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot

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.

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Primark Brings Back the Grinch Cafe

365 Retail

This festive season, Primark has teamed up with Dr. Seuss once again to deliver a Grinch-tastic experience for customers. The retailer has launched its largest-ever Grinch collection, available now in stores across all 17 Primark markets, and opened themed Grinch Cafes at six UK locations, making it easier than ever to celebrate a mischievous “Grinch-mas.

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Advance Auto Parts Is Closing 700 Locations

Retail Wire

Demand for items related to auto repair has dwindled.

Location 130
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Top Retail Business Management Tips to Boost Efficiency

Independent Retailer

In this article, we’ll talk about retail management, what it is and why it’s important. Let’s look at effective strategies and tools that will help improve business efficiency. This information will be useful to entrepreneurs and business managers who implement approaches aiming at streamline processes, improving customer service and reducing costs.

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Taco John’s Brings Queso and Seasonal Favorites Back to the Holiday Menu

Retail Wire

Taco John's is getting into the holiday spirit.

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Mastering E-commerce Strategies to Drive Growth in B2B Distribution

B2B distributors and wholesalers: this webinar is for you! Discover the game-changing potential of composable commerce—a flexible, modern approach to e-commerce—and explore the strategies and technologies transforming the B2B landscape. Learn how to create custom digital experiences for your business from the leaders at Orium , commercetools , and Contentful as they walk through real-world examples, providing actionable insights on how to future-proof your business, integrate new opportunities s

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Hobbycraft gives children’s hospices a festive makeover as part of new Christmas Ad campaign supporting charity partner Together for Short Lives

A1 Retail

Between now and 8 th December, Hobbycraft will be transforming children’s hospices across the UK into winter wonderlands with handmade Christmas decorations created by colleagues. These festive makeovers will mirror the retailer’s new Christmas advert campaign, ‘Every moment is a gift’, which will raise awareness and funds for its charity partner, Together for Short Lives.

ATS 91
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The Weekly Closeout: Target extends store hours for the holidays, Nuuly launches ‘The Thrift Shop’

Retail Dive

The mass merchant will be open from 7 a.m. to midnight from Nov. 30 to Dec. 23, while the subscription company debuted a perk for discounted styles.

Shopping 115
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Historic shopping destination boasts strong post-pandemic recovery

A1 Retail

A shopping destination has achieved close to full occupation of its retail units for the first time in 10 years. Morgan Quarter, comprising units in Morgan Arcade, Royal Arcade, and The Hayes in Cardiff city centre, has an occupancy rate of 98.5 percent as of November 2024, with only one of its 65 units currently advertised to let. The achievement demonstrates a strong post-pandemic recovery since the 2020/21, when economic pressures saw occupancy drop to 77 percent with 15 unoccupied units as b

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Target debuts ‘weirdly hot’ Santa for second holiday advertising push

Retail Dive

The retailer is running two distinct holiday campaigns for the first time to appeal to consumers who view the season as too transactional.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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Consumers now expect retailers to provide personalised offers, finds new American Express research

A1 Retail

New research from American Express reveals shoppers are becoming increasingly discerning when it comes to winning their loyalty – with retailers responding by prioritising new tailored ways to attract and retain customers. The survey of both UK consumers and retail decision makers reinforced that generic offers and incentives are not enough to win over new customers, and don’t positively impact long-term loyalty.

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Nordstrom leverages generative AI for holiday app refresh

Retail Dive

Among the new app features are trend reports, which blend the expertise of Nordstrom stylists with artificial intelligence to deliver relevant trends.

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Steven King to talk future of AI-powered automation at Self-Service Innovation Summit

Retail Customer Experience

Steven King is a keynote speaker at the Self-Service Innovation Summit, where he will discuss how AI-powered robots are revolutionizing industries. The summit is from December 9-11 in Tampa, Florida.

ATS 71
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Unlocking Opportunities for Small Businesses in Cambodia

LS Retail

©iStock/catshiles Despite their importance, small businesses often struggle to access international markets due to the high costs of infrastructure, marketing, distribution, compounded by complex compliance and regulatory barriers. However, technological advances, especially in online shopping, are alleviating some of these barriers by providing affordable digital storefronts and access to global customers without needing a physical presence.

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How to Maximize Amazon Sales and Crush the Competition

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.