Fri.Nov 08, 2024

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G20 Cross-Border Goals: Progress and Projects 

Retail TouchPoints

Fuelling the import and export of goods and services, cross-border payments are essential to global trade — a fact that was recognised by G20 leaders in November 2020 when they endorsed a roadmap to revolutionise cross-border payments by 2027.  Back then, while the world was distracted by a global pandemic, it seemed there was plenty of time to achieve even the most ambitious goals — namely the quantitative targets set to lower costs, increase speed, accessibility and transparency of internatio

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McDonald’s Is Selling $1 Orders of Chicken McNuggets Until December

Retail Wire

McDonald's is continuing a push to improve consumer sentiment by offering some improved value propositions, this time in the form of steeply discounted Chicken McNuggets.

Consumer 255
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AI, Video and Immersive Engagement Drive Next-Gen Commerce Experiences

Retail TouchPoints

What’s powering next-gen commerce experiences? It’s a profound and weighty question to ask, especially with so many technologies evolving so quickly. During the Retail Innovation Conference & Expo, executives from ShopSimon (formerly Shop Premium Outlets), Rebag and Sune shared their answers by delving into the technologies and strategies driving their companies’ priorities.

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Domino’s New CEO Warns of Potential Store Closures

Retail Wire

Domino's is pondering the closure of underperforming stores.

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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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Maverik to Rebrand Kum & Go Convenience Stores

Retail TouchPoints

Maverik , which purchased the Iowa-based Kum & Go c-store chain from Krause Group in April 2023 for an undisclosed amount, will reportedly rebrand all its stores to eliminate the sophomorically amusing banner name. In a statement to the Des Moines Register , a company spokesperson said Maverik is “in the process of rebranding Kum & Go stores, with the intent to unify our entire combined footprint under the Maverik brand.

ATS 289
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Spirit Airlines & Frontier Airlines Renew Merger Talks Amidst Bankruptcy Rumors

Retail Wire

Spirit Airlines is keeping hope alive.

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More Trending

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Sony Reports Healthy Profits as Anticipated PlayStation 5 Pro Launches

Retail Wire

With the so-called console wars continuing as 2024 draws to a close, it appears that — despite several setbacks — Sony is outperforming expectations after a less-than-stellar showing last year.

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Wayfair COO Steps Down as Retailer Strengthens Internal Integration

Retail TouchPoints

Thomas Netzer, COO of Wayfair , will step down from his role at the end of 2024 after six years with the furniture retailer. As part of this shift, Wayfair will further integrate customer- and supplier-focused activities with supply chain capabilities under the leadership of current Chief Commercial Officer Jon Blotner, who joined Wayfair in 2016. On Jan. 1, 2025, Blotner will assume the role of President, Commercial and Operations, overseeing these combined functions as part of an integrated or

Shipping 280
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Veterans Day Is Monday. Here’s a List of Deals, Freebies, and More for Active & Retired Military

Retail Wire

Veterans Day honors active and retired military.

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Benefit Cosmetics Opens Grocery-Inspired Virtual Holiday Store

Retail TouchPoints

Benefit Cosmetics has launched its first virtual 3D shopping experience for the holidays. Called “ The Benemart ,” the grocery-inspired virtual store allows visitors to shop holiday sets and bestsellers, virtually try on products, shop with friends and play games, with a chance to win discounts at checkout. Developed in partnership with Obsess , the virtual store is available in four countries including the U.S., UK, Germany and France.

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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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Ralph Lauren sees better-than-expected sales growth 

Inside Retail

Luxury fashion retailer Ralph Lauren has reported positive sales growth in the latest quarter, which surpassed expectations and was mainly driven by Europe and Asia. The company’s second-quarter sales rose 6 per cent to $1.7 billion on a reported basis, as well as 6 per cent in constant currency. “Our strong business performance across every geography this quarter underscores the resilience of our diversified growth drivers and our elevated consumer base, giving us confidence to tak

Fashion 130
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Starbucks 2024 Holiday Menu: New Tastes Debut and Old Favorites Return

Retail Wire

The tastes of the holiday season are now available at your local Starbucks.

Returns 188
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Jewellery sparkles for Cartier parent Richemont, despite China sales dip

Inside Retail

Cartier jewellery owner Richemont reported a dip in quarterly sales on Friday, as the luxury goods group largely offset tougher conditions in China with growth elsewhere. The owner of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget said sales fell by 1 per cent at constant exchange rates to 4.81 billion euros (US$5.19 billion), slightly above analyst consensus forecasts of 4.78 billion euros cited by HSBC.

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Rivian Blames Supplier for Weak Third-Quarter Revenue

Retail Wire

Rivian's third-quarter revenue was significantly lower than analysts' expectations.

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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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How RM Williams streamlines product development with Centric PLM

Inside Retail

In the fast-paced fashion industry, brands face challenges in keeping up with changing consumer demands, seasonal trends and competitive pressures. Traditional product development processes – slowed by siloed data, inefficient workflows and limited cross-team visibility – can lead to missed opportunities, costly delays and inconsistent product quality.

Fashion 130
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White Castle Celebrates National Fast Food Day With BOGO Sliders for Craver Nation Members

Retail Wire

White Castle honors its most loyal fans with BOGO Double Cheese Sliders.

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Asda chair admits £100m hit to National Insurance bill is ‘not an easy swallow’

Retail Gazette

Asda chair Lord Stuart Rose has admitted that the upcoming £100m rise to the supermarket’s tax bill following changes announced in the Budget last week was “not an easy swallow”. Among the changes brought in by Chancellor Rachel Reeves’ first Budget is a rise in employers’ National Insurance contributions from 13.8% to 15% on a worker’s earnings above £175 a week, effective April 2025.

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67% of parents will use BNPL to finance the holidays

Retail Dive

Parents are using pay later plans to justify large purchases and better manage their finances, according to a new survey.

Finance 123
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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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Asda to invest £13m into festive store hours amid sales slump

Retail Gazette

Asda is investing £13m into its stores over the festive period after posting a drop in third quarter sales. Revenues, excluding fuel, were down 2.5% to £5.3bn for the grocery giant in the period to 30 September, while like-for-likes dropped 4.8%. However, this represented an improvement on its previous quarter. Asda insisted its focus on key priorities – improving availability, enhancing the customer experience and investing in value –outlined in its second quarter update, which was supported by

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Airbnb Reports Third-Quarter Revenue Slightly Above Analysts’ Expectations

Retail Wire

Airbnb reports better-than-expected earnings for Q3 2024.

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New Look calls product staff back into office 4 days a week

Retail Gazette

New Look has ordered staff across its buying, merchandising and design (BMD) department back into the office four days a week. The team currently work three days in the office, the fashion retailer confirmed, and once the change comes into place from January, Friday will remain a hybrid day. It said there are no changes to the number of days other teams will be required in office and claimed the move is in line with the wider sector.

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Wayfair COO steps down

Retail Dive

At the end of the year, Thomas Netzer will exit the role he’s occupied since 2019.

ATS 145
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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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FDA Proposes Ending Use of Popular Decongestant Found in Over-the-Counter Cold Medicines

Retail Wire

The FDA is proposing to end the use of a popular nasal decongestant ingredient used in many cold and cough syrups.

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Tapestry logs better-than-expected net sales, driven by Coach

Retail Dive

The Kate Spade and Stuart Weitzman owner said it wouldn’t pursue more mergers in the near term if its Capri Holdings acquisition failed.

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Cornish Bakery ranked in UK’s top 100 fastest growth retail brands

A1 Retail

Founder-led Cornish Bakery has been cited as one of the only UK hospitality companies in the 2024 Top 100 Interpath Retail Growth Index. The company has also announced that another new bakery will open in Cirencester in the near future, taking the Cornish Bakery estate to almost 70, on the back of record-breaking sales of over £1 million per week. The inaugural Interpath Growth-Index lists the top 100 UK’s fastest growing businesses across a multitude of sectors, from fashion to forecourts and f

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Kizik taps 20-year Nike vet as SVP of design

Retail Dive

Andreas Harlow, former vice president and global footwear creative director of Nike’s Jordan Brand, joined the hands-free footwear brand earlier this fall.

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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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The LEGO Group has officially opened its 20th LEGO Store in the UK and its second in the city of Bristol at Cribbs Mall

A1 Retail

The LEGO Group has officially opened the doors to its second UK LEGO ® Store in Bristol. Located in the Cribbs Mall, the new 178sqm LEGO Store is already delighting fans of all ages, as they gathered excitedly yesterday morning to catch the official opening. Local celebs including Emma Barnes (Married at First Sight), Amy Williams MBE (Olympic Gold Medallist) and Lucy Carter were given an exclusive look inside the store the night before the opening.

ATS 90
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StockX co-founder to take over as CEO amid declines in sneaker resale

Retail Dive

Greg Schwartz, who has been the company’s chief operating officer since its 2016 launch, will replace Scott Cutler, an early investor.

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Closing 2024 with Style at Cisco Live Melbourne

Cisco Retail

Go Beyond with Learning & Certifications at Cisco Live Melbourne. Explore Cisco U. Theatre sessions, exam savings, special offers, and more.

ATS 98
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Amazon launches same-day drone delivery in Arizona city

Retail Dive

Customers near the company’s Tolleson facility can get thousands of items delivered by air, but there are limitations.

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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.