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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
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.
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.
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
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
Target is tapping into the $250 billion creator economy through a new partnership with Linktree, a tool that allows influencers and independent creators to seamlessly connect their social content to product revenue. Just in time for peak holiday shopping, Target is joining Linktree Shops, the company’s social commerce marketplace, which already features 35+ brands including Nike , Fanatics and Savage x Fenty.
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
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
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.
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.
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.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
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.
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.
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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
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Harrods managing director Michael Ward has personally apologised for the first time regarding the sexual abuse allegations against the store’s former owner, Mohamed Al Fayed. Speaking to the BBC this week, Ward said: “I am very dreadfully sorry for what has happened with Al Fayed.” Ward, who worked alongside Al Fayed for years until 2010, previously stated he was unaware of any such abuse.
As the retail industry continues to evolve, delivering engaging, immersive in-store experiences is more important than ever. Visual merchandising plays a key role in this, helping retailers attract customers and drive sales through creative, impactful displays. For those looking to stay ahead of the curve, the Visual Merchandising and Display Show (VMDS) is an unmissable event.
When it comes to driving traffic and growing your online presence, businesses often ask: SEO or PPC—what’s the better choice? This guide breaks down the key differences between search engine optimization (SEO) and pay-per-click (PPC) advertising, highlighting their pros, cons, and best use cases. Whether you’re looking for long-term organic growth or immediate visibility through paid ads, we’ll help you determine which strategy—or combination of both—is right for your business.
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.
Office , the British footwear retailer known for its trend-led selection, is expanding its presence at the Trafford Centre with a new Northern flagship store. This larger retail space will feature Office’s most comprehensive product range yet, including exclusive women’s styles and top-tier brands such as Adidas, Nike, New Balance, Ugg, Birkenstock, and Dr Martens.
ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!
The LEGO Group has officially opened its 20th UK LEGO Store and its second location in Bristol, located at Cribbs Mall. The new 178 sqm store welcomed enthusiastic fans eager to explore exclusive LEGO products and interactive experiences. This latest store expands LEGO’s footprint in the UK, reinforcing its commitment to providing hands-on play and customisation opportunities for all ages.
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Everybody knows the festive season doesn’t truly begin until Christmas sarnies hit the shops! Well, it may well be time to deck those halls because Pret A Manger has released details of its Christmas menu and it’s as tantalising as you’d expect.
Creating SEO-friendly content is key to improving your website’s visibility and attracting more visitors. This guide walks you through best practices for writing optimized content, including keyword placement, proper formatting, and engaging writing techniques. Whether you’re crafting blog posts, landing pages, or product descriptions, these proven SEO strategies will help your content rank higher and keep readers engaged.
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Abbott Lyon is thrilled to announce that TV presenter and beloved brand ambassador, Stacey Solomon, will once again be the face of this year’s Christmas TV advertisement. Marking the third consecutive year of collaboration, this festive campaign is set to fill UK homes with warmth, laughter, and gifting inspiration this season.
AI is rapidly transforming digital commerce, but how do you separate real opportunities from hype? Moderated by Orium, AI for Commerce: Foundations, Aspirations, and Hype , experts from Bloomreach , commercetools , Contentstack , and Fluent Commerce explores where AI is already delivering results and where its potential is still unfolding. This masterclass dives into proven AI applications, emerging innovations , and the gaps between promise and reality in commerce.
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