Fri.Mar 01, 2024

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Best Buy CEO Promises Enhanced Personalization, Physical Store Upgrades in FY2025

Retail TouchPoints

Best Buy will leverage its membership-based loyalty program to sharpen personalization efforts for its 2025 fiscal year, which began Jan. 29, 2024. The retailer also plans to concentrate on updating and refreshing existing stores rather than opening new brick-and-mortar locations, as well as “improving and livening the merchandising presentation given the shift to digital shopping and corresponding lower need to hold as much inventory on the sales floor,” said Corie Barry, CEO, during a conferen

Planning 265
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Panera Readjusts Its Menu To Boost Sales

Retail Wire

Panera's recent attempt to spice up its menu with fancier options has fallen flat. In response to the current wave of high inflation, the company is scaling back to focus on wallet-friendly fare.

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Advancements in Vegan Packaging: Navigating 2024’s Thriving Plant-Based Market

Retail TouchPoints

Trend projections for this year herald plant-based diets as a pivotal cornerstone in today’s modern dietary preferences. The surge in the launch of over 1,610 new vegan products in 2023 alone echoes a resounding consumer sentiment; that many of us are leaning toward simpler, less processed foods that prioritize value and sustainability. In this article, I’ll discuss the most important elements of vegan packaging, so businesses can maintain the highest standards while attracting wider demographic

Marketing 259
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Facebook News Tab Ending in US and Australia

Retail Wire

In April 2024, Facebook will discontinue its dedicated news tab, Facebook News, in the United States and Australia. This move mirrors the deprecation of Facebook News in the U.K., France, and Germany last year.

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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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Party City Debuts Store Format Spotlighting Balloons and Birthdays

Retail TouchPoints

Party City will accelerate remodels to expand a new store format that features a dedicated service area for the retailer’s extensive balloon assortment along with “birthday worlds,” designed to be one-stop shops for both kids’ and adults’ celebrations. The retailer, which emerged from bankruptcy in October 2023 with a fleet of more than 750 stores, plans to introduce the new format in several locations across the U.S. during the first half of 2024.

Planning 257
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Toyota CEO Predicts Limited EV Market Share Growth by 2030

Retail Wire

In a recent interview with Automotive News, Toyota CEO Ted Ogawa revealed his projection that electric vehicles (EVs) would only constitute 30% of the US new-vehicle market by 2030, a figure significantly lower than the EPA's previous target.

Marketing 147

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Boeing 737 MAX Woes: FAA Demands Fixes Amid Safety Concerns

Retail Wire

Federal regulators, represented by the Federal Aviation Administration (FAA), have expressed growing impatience with Boeing's quality control issues, giving the company a 90-day ultimatum to devise a comprehensive plan for improvement.

Planning 147
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Books-A-Million Rolls Out Same-Day Delivery with WalmartLocal

Retail TouchPoints

Books-A-Million is celebrating National Read Across America Day by offering same-day delivery to locations nationwide. Powered by Walmart GoLocal , the service was initially launched last year and is part of the retailer’s broader focus on creating a frictionless ecommerce fulfillment experience for customers across the U.S. To place an order, customers can visit booksamillion.com and select the “Same-Day Delivery” option during checkout for thousands of in-stock products, including top-selling

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In-N-Out Burger Plans To Open First Restaurant in Washington

Retail Wire

In-N-Out Burger, a popular fast-food institution originating in California, is gearing up to open its first location in Washington state.

Planning 162
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Australian startup launches smart kitchen bin

Inside Retail

Australian startup Carden has introduced The Twin, a functional garbage can designed to rethink ignored homewares. The Twin aims to convert the average kitchen bin into an attractive feature that should be showcased rather than hidden. According to the firm, customers have responded well to the Twin’s launch, with the Kickstarter campaign earning more than $50,000 from hundreds of backers in just a few days.

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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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Elon Musk Sues OpenAI and CEO Sam Altman Over Mission Shift

Retail Wire

Elon Musk has filed a lawsuit against Microsoft-backed OpenAI and its CEO, Sam Altman, alleging a departure from the company's original mission of developing AI for the broader benefit of humanity.

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M&S wins Marble Arch legal battle as Gove’s decision branded ‘unlawful’

Retail Gazette

The High Court has ruled that Michael Gove’s decision to block M&S’ redevelopment plans of its Marble Arch flagship branch was “unlawful” M&S launched a planning appeal last month, following the secretary of state’s decision to reject plans that would see the Art Deco building on London’s Oxford Street demolished and replaced with a newly-built 10-storey complex.

Planning 126
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Over 100K Mouthwash Bottles Recalled Across the US Due to Poisoning Risk

Retail Wire

Nutraceutical recently announced that Heritage Store Hydrogen Peroxide Mouthwash is being recalled due to a potential risk of poisoning children.

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High Court Rules Against Government in Marks & Spencer Marble Arch Store Dispute

365 Retail

In a pivotal legal battle over the future of Marks & Spencer’s flagship store at Marble Arch, London, the High Court has ruled in favour of the retailer, granting a judicial review against the Secretary of State for Levelling Up, Housing, and Communities, Michael Gove’s decision to deny planning permission for the redevelopment of the site.

Planning 126
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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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Your Video Doorbell Might Be at Risk of Being Hacked

Retail Wire

According to a Consumer Reports investigation, a long line of video doorbells sold by major retail companies such as Amazon, Walmart, SHEIN, Sears, and Temu are at risk of being hacked.

ATS 124
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"Subtle luxury" defines Shoreditch jewellery store by Hollie Bowden Interiors

Dezeen

Interior design studio Hollie Bowden Interiors has created fine jeweller Rachel Boston's flagship store and showroom in London. Located in Shoreditch's Redchurch Street, the store is split into four main areas – the retail space, private appointment area, workshop and office space for the jeweller's team of 12. The space blends a neutral palette of glass, steel and sycamore wood veneer The store aims to blend a neutral material palette of glass and steel with sycamore wood veneer and velvet moha

Location 122
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NYC Congestion Pricing: City Dwellers, Commuters Pay More To Drive

Retail Wire

An attempt to free up traffic on Big Apple Streets will cost the city's commuters.

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Asda unveils record investment to become highest paying UK grocer

Retail Gazette

Asda is investing a record £150m in its retail pay offer to become the highest paying grocery retailer, boosting hourly pay for over 120,000 workers. The supermarket’s investment will see an 8.4% rise for hourly-paid staff, with rates increasing to £12.04 from 1 July, and to £13.21 for workers inside the M25. The move comes after a 10% uplift for hourly-paid retail roles in 2023, and a 28% total rise in retail pay since the Issa brothers acquired Asda in 2021, with a total investment of ne

Grocer 122
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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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Shrinkflation Bill May Help With Increased Costs of Consumer Goods

Retail Wire

The legislation is set to help American families with their grocery costs.

Consumer 147
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Asda co-owner to step aside and hire new chief executive

Retail Gazette

Asda co-owner Mohsin Issa is set to hand over the running of the supermarket as part of a revamp of the chain. Speaking to the BBC in his first interview , Issa explained he was carrying out a “reset” of the retailer before hiring a new CEO. He explained he was “getting to a point” where he could step aside and hire a chief executive to lead the grocer.

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Arc’teryx Unveils Its Largest European Store in London’s Covent Garden

365 Retail

Arc’teryx Equipment, a Canadian brand acclaimed for its high-performance outdoor apparel and gear, has launched its most expansive European store yet in London’s Covent Garden as of Thursday, 29th February. This opening marks a significant expansion for the brand in Europe, notably introducing the region’s first ReBIRD Service Centre, dedicated to product repairs and fostering a sustainable future for outdoor equipment.

Outdoor 109
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Oxford Street revamp to generate £2.8bn additional sales by 2033

Retail Gazette

The Oxford Street overhaul is forecast to generate up to £2.8bn extra sales during the first five years after its completion, New West End Company (NWEC) has found. The £90m revamp, which is due to start this autumn and predicted to complete by 2027, will see improvements to the shopping district including new trees, wider pavements, and better street lighting.

Shopping 115
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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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Global Expansion Is the Future for Small Businesses

LS Retail

©iStock/Galeanu Mihai According to Courtney Kincaid, President and CEO of the Indiana CPA Society, global expansion is now easier than ever. She says studies show businesses are more successful in the long term when they spread their reach to new countries and markets. As the world becomes more connected, small business owners should look for ways to expand their reach overseas to find new customers, follow this blog , access resources like this one and Women Entrepreneurs Grow Global®.

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Boots poaches former Asda exec as strategy and transformation director

Retail Gazette

Boots has named former Asda strategy head Preyash Thakrar as its new strategy and transformation director, as the cosmetics retailer “embarks on a significant period of change” The executive previously served as chief strategy and customer officer at Asda, leading the grocer’s strategy and partnerships team. He stepped down from the supermarket shortly after its takeover by the Issa brothers in 2021.

Grocer 111
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Nominations open for 2024 Elevate Awards

Retail Customer Experience

Nominations are now being accepted for the 2024 Elevate Awards which will recognize and honor organizations effectively leveraging technology to elevate the customer experience.

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The Works axes loyalty scheme in a bid to cut costs

Retail Gazette

The Works is scrapping its loyalty scheme at the end of this month as it looks for ways to reduce costs amid ongoing inflationary pressures. The value retailer’s Together Rewards programme, which gives customers five points for every £1 spent, will close down on March 30 and members have until June 29 to redeem any vouchers they have collected.

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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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Best Buy braces for layoffs, store closures amid flat revenue in Q4

Retail Dive

The retailer plans to invest heavily this year in improving its in-store merchandising and shopping experience.

Planning 128
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How to Use MuleSoft for API Management

Mulesoft

Discover how easy it is to use Anypoint Platform to realize Universal API management for your enterprise – all thanks to innovations from MuleSoft. The post How to Use MuleSoft for API Management first appeared on MuleSoft Blog.

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The Weekly Closeout: Thrasio files Ch. 11 bankruptcy and Will Macy’s close its San Francisco flagship?

Retail Dive

The e-commerce aggregator will eliminate hundreds of millions of dollars in debt, while the department store is evaluating its real estate assets.

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Cisco Live Melbourne SOC Report

Cisco Retail

Executive Summary. 1 The Team… 2 Team Leaders. 2 Core Infrastructure and Threat Hunting. 2 Threat Hunting. 2 Build and Operation. 2 SOC Architecture.

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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.