Sun.Oct 06, 2024

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Opinion: Should youth rates be scrapped? Why we need to rethink what is fair

Inside Retail

Should young people be paid less than their older counterparts, even if they’re working the same job? Whether you think it’s fair or not, it’s been standard practice in many industries for a long time. The argument is that young people are not fully “work-ready” and require more intensive employer support to develop the right skills for their job. But change could be on the horizon.

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McLaren Introduces The New W1 Hybrid Supercar

Retail Wire

McLaren has unveiled the W1, a car that encapsulates the brand's supercar philosophy while celebrating the 50th anniversary of its first Formula 1 World Championship victory.

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Sink or swim: Singapore’s restaurants in a state of flux

Inside Retail

Last month, American pizza chain Little Caesars closed its last store in Singapore at Funan Mall, marking the end of six years of operations in the city-state. Little Caesars is just one in a series of restaurants closing down in the country this year, including one-Michelin-starred Sommer, Bam!, Ristorante Da Valentino and Voyage. According to Singapore’s Accounting and Corporate Regulatory Authority, last March saw the closure of 234 F&B businesses.

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Hyundai and Waymo Begin Partnership

Retail Wire

Hyundai Motor Company and Waymo announced a strategic partnership on focused on enhancing autonomous driving experiences.

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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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M&S, Primark, Ikea and Tesco bosses call on government to reform business rates

Retail Gazette

More than 70 retail bosses including execs from M&S, Primark, Poundland, Ikea and Tesco have written to Chancellor Rachel Reeves calling for reform of the current business rates system ahead of the Autumn Statement at the end of this month. The open letter, coordinated by the British Retail Consortium, urges the new Chancellor to “level the playing field between industries with a retail adjustment to rates”.

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Carnival Cruise Line Releases New Itinerary Changes

Retail Wire

Carnival Cruise Line is adjusting its various ports of call for 2025 and 2026.

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National Pizza Month Roundup: Delicious Deals, Promos, and Freebies

Retail Wire

October is National Pizza Month.

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Net a Porter: MyTheresa nears deal to snap up owner YNAP

Retail Gazette

Net a Porter owner YNAP is set to be snapped up by German ecommerce platform MyTheresa, according to reports. MyTheresa is reported to the only remaining bidder in the running to buy YNAP – which includes Yoox, Net a Porter and Mr Porter – after private equity firms Bain Capital and Permira are understood to have pulled out of the race to buy the luxury fashion platform from Swiss group Richemont, according to The Fashion Law (TFL).

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Samsung News Roundup: Expected Profits and More

Retail Wire

Samsung Electronics is set to report a substantial increase in quarterly profit on Tuesday, anticipated to exceed four times the figure from the previous year, driven by rising demand for chips.

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Your First Impression Perception

Retail Adventures

Do you ever wonder what customers are thinking when they enter your store? Those critical first seconds create impressions that often determine how long the customer will stay and shop. Here’s a First Impression Perception Checklist to enhance the in-store experience. And put more money in your pocket! ¨ Is your exterior sign visible and easy to read?

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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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Rio Tinto Announces Plans to Acquire Arcadium for Lithium

Retail Wire

Rio Tinto has publicly acknowledged its interest in acquiring Arcadium Lithium, as announced on October 7, 2024, from Melbourne, Australia. The company has made a non-binding approach, which means that there is no guarantee that a deal will materialize.

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Top 5 Customer Service & CX Articles for Week of October 7, 2024

Hyken

Each week, I read many customer service and customer experience articles from various resources. Here are my top five picks from last week. I have added my comments about each article and would like to hear what you think too. 7 Ways to Boost Customers’ Emotional Connection and Loyalty with Your Brand by Annette Franz (MarTech) Loyalty. What’s emotion got to do with it?

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Saudi Arabia is Poised to Enter the Global Gaming Market

Retail Wire

The Saudi government aims to position the kingdom as a significant player in the global gaming market while diversifying its oil-dependent economy.

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Mulberry founder looks to LVMH amid Frasers takeover battle

Retail Gazette

The founder of Mulberry has said the brand would be a more natural fit with the likes of a big luxury player such as LVMH following last week’s takeover bid from Mike Ashley’s Frasers Group. Roger Saul admitted the retailer had struggled in recent years, claiming it has become “too reliant on handbags”. Saul told This is Money : “The company needs to go back to the spirit of the brand as a whole.

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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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Jason’s Sourdough launches range of premium toasties and hot rolls, bringing flavour and crunch to the food-to-go category

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Jason’s Sourdough, the UK’s No.1 sourdough brand, is excited to announce its expansion into the dynamic food-to-go category with the launch of a new range of premium toasties and hot rolls. Building on its rapid success in the bread category, Jason’s Sourdough is taking its iconic bread to new heights by creating a delicious and […] If you want mor

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Zaytoun, Fairtrade certified organic extra virgin olive oil, to be stocked in 250 Co-op stores

Retail Times

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Zaytoun, the social enterprise supporting producers in Palestine through fair trade, is pleased to announce its Fairtrade certified organic extra virgin olive oil will now be stocked in 250 Co-op stores nationwide.

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