Thu.Feb 29, 2024

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Lukumades reveals ‘mega’ overseas growth plan

Inside Retail

Melbourne-born Greek doughnut chain Lukumades is in expansionist mode. It has signed master rights for the UK and is poised to open its first US store. The eight-year old business already has a single store retail presence in Dubai, Singapore, Malaysia and Taiwan. It had ventured into Indonesia but has since closed the eight stores. Lukumades started as a food truck, and had opened a bricks and mortar store within nine months.

Planning 312
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Tailored to Perfection: Creating a Hyper-Local Shopping Experience with AI

Retail TouchPoints

It’s easy to understand, emotionally, why consumers would want to shop from a store that tailors its product assortments to the neighborhood they live in. For large chain retailers, it’s a way of letting the community know that consumers are seen and that the store wants to be part of the community. Ultimately, it sounds like a no-brainer for a retailer, but managing a localized assortment can be quite complex.

Shopping 289
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Australia’s best retailers honoured for CX, loyalty and service

Inside Retail

TerryWhite Chemmart and The Party People top the ranks of Australian retailers when it comes to customer experience. The two retailers took out the CX of the Year honours for medium-to-large and small retailers respectively in last night’s annual Retailer Awards, presented by Inside Retail and Commonwealth Bank. One of the judges, Peter Kennedy, said TerryWhite Chemmart, sets the pace for what the chemist of the future comprises. “It puts the trust back into the local chemist as a fi

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Sam’s Club to Open ‘Design Thinking Studio’ This Summer

Retail TouchPoints

Sam’s Club will open its 37,000-square-foot design thinking studio, dubbed Clubhouse, this summer on the retailer’s Bentonville, Ark. campus. Sam’s Club, which first announced plans for the studio in June 2022 , will use Clubhouse as an innovation engine for testing products and designing new, enhanced experiences for members and associates. Additionally, the retailer has digitized the process for ordering cakes, which members had identified as a pain point in their shopper experience.

Planning 278
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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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Australians are visiting liquor stores more often, but spending less

Inside Retail

Australian liquor retailers are facing stiff competition for a share of consumer spending, according to consumer intelligence company NIQ (Nielsen IQ). The company’s Omnishopper liquor data shows that while the number of households purchasing liquor has decreased by 3.2 per cent, the average number of trips to liquor stores per household has grown by 3.5 per cent.

Returns 263
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CVS Media Exchange Joins Pinterest’s Clean Room Initiative

Retail TouchPoints

CVS Media Exchange (CMX), the retail media network designed to help brands reach and serve CVS Pharmacy shoppers, is partnering with Pinterest and LiveRamp on a new data clean room initiative. Provided by LiveRamp, this clean room solution is designed to give CMX partners greater transparency, allowing them to track and attribute sales driven by Pinterest.

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JCPenney Has a Date for the Prom: Designer Johnny Wujek

Retail TouchPoints

JCPenney is partnering with the celebrity designer dubbed the “King of Pop-Rock Couture” for its first-ever prom collection: JCProm with Johnny Wujek. The limited-time collection, priced from $59 to $250 , includes dresses, separates and fashion suits with clever details that allow for dramatic quick changes to the looks. The 22 statement pieces, available online and in select stores, include gowns with removable straps and reversible skirts as well as suits and jackets with zip-off tails.

Fashion 262
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Voyant Beauty Worker Fired on Her First Day After Firm Discovered She Was Deaf

Retail Wire

According to a disability discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC), Voyant Beauty, a maker of skincare, hair, and bath products in Illinois, dismissed a worker on her first day of employment after finding out she was deaf.

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4 Key Point-of-Sale Trends for 2024

Retail TouchPoints

The point-of-sale (POS) system has always been the one truly indispensable technology for any merchant, large or small. The centrality of the POS has led both retailers and solution providers to integrate it with other fundamental operational systems, from inventory and order management to customer relationship management (CRM) and, of course, payments.

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Can a new CMO and corporate partnerships help Rent the Runway get back on track?

Inside Retail

Rent the Runway, a US-based fashion rental and retail company, recently announced the appointment of Natalie McGrath as its new chief marketing officer, effective March 4. An alum of payments platform Afterpay and fashion brands including Coach, Boohoo, and Bandier, McGrath’s hire signals the next phase of Rent the Runway founder and CEO Jenn Hyman’s attempts to reinvigorate the company.

Fashion 130
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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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Chick-fil-A Recalls Polynesian Sauce Due to Potential Allergens

Retail Wire

Chick-fil-A has initiated a recall of its Polynesian sauce, citing potential wheat and soy allergens. Customers who have acquired Polynesian dipping cups from Chick-fil-A between Feb. 14-27, 2024, are advised to discard them promptly.

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Australians are visiting liquor stores more often, but spending less

Inside Retail

Australian liquor retailers are facing stiff competition for a share of consumer spending, according to consumer intelligence company NIQ (Nielsen IQ). The company’s Omnishopper liquor data shows that while the number of households purchasing liquor has decreased by 3.2 per cent, the average number of trips to liquor stores per household has grown by 3.5 per cent.

Returns 130
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Bud Light Reveals Aftermath of Controversy

Retail Wire

In 2023, Anheuser-Busch InBev faced a colossal setback, potentially losing $1.4 billion in sales due to a brief collaboration with a transgender influencer to endorse Bud Light beer.

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IMG names Australian Fashion Week’s 2024 Next Gen winners

Inside Retail

Global sports and fashion company IMG has declared Amy Lawrence, Emily Watson, House of Campbell, and Potirakis as Australian Fashion Week’s 2024 Next Gen winners. The prize is valued at over $100,000 and includes runway show production by IMG Focus, a content package including runway photography and livestream, and international shipping credits from DHL.

Fashion 130
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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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Birkenstock Exceeds Revenue Expectations Due to Price Hikes and Rise in US Demand

Retail Wire

On Thursday, Birkenstock beat holiday quarter revenue expectations, with a 22% year-over-year spike, as the company benefited from its marked-up pricing and increase in U.S. demand.

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The CFO-CMO balancing act: Marketing efficiency goals that keep everyone happy

Inside Retail

In today’s complex retail landscape, chief marketing officers (CMOs) find themselves in a perpetual balancing act. You need to drive growth, deliver compelling customer experiences, and demonstrate a tangible return on investment from your marketing initiatives. All this needs to be achieved while satisfying the financial scrutiny of the chief financial officer (CFO).

Marketing 130
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Burger King Capitalizes on Wendy’s Pricing Backlash With Free Whoppers

Retail Wire

In response to Wendy’s pricing uproar, Burger King has stepped in with a straightforward offer: get a free Whopper or Impossible Whopper with any $3 purchase until March 1 at participating U.S. locations.

Location 130
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Australia’s beauty bias: How we are failing Women of Colour entrepreneurs

Inside Retail

While I’ve long held admiration for the Australian beauty industry, especially its success stories featuring female founders who have achieved international acclaim, a closer examination has brought to light an issue that demands attention. Despite the thriving presence of female leadership in this industry, it’s impossible to overlook the dominance of beauty brands owned by white women in both physical stores and online spaces.

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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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AMC Theaters Navigate the Post-Pandemic Movie Landscape

Retail Wire

In San Francisco, California, last summer’s blockbuster hits like "Barbie" and "Oppenheimer" gave AMC theaters a much-needed boost after the pandemic. But now, with streaming services competing for attention and Hollywood strikes causing delays, AMC faces new challenges.

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Country Road Group’s Matthew Horn on the “secret sauce” of great organisations

Inside Retail

Inside Retail’s Top 50 People in E-Commerce is an annual ranking of the most impressive and inspiring leaders in Australia’s online retail industry. Our 2024 report features C-level executives with decades of leadership experience, alongside start-up founders and digital specialists with a wide range of skills, from marketing to logistics. You can download it here.

Fashion 130
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Wendy’s Is Giving Away Free Cinnabon Pull-Aparts on Leap Day

Retail Wire

Wendy's, in sync with the quadrennial occurrence of leap day, is commemorating the four-year milestone of serving breakfast with a special treat for customers.

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Five key strategies for retailers to master private label success

Inside Retail

Amid a cost-of-living crisis, Australian consumers are seeking value in their purchases, creating an opportunity for private-label brands to emerge as significant players in the retail industry. Research from Nielsen IQ, cited by Centric Software, the Product Lifecycle Management (PLM) software market leader, shows that 99 per cent of Australian households continue to buy private-label products.

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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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Oprah Winfrey Leaves WeightWatchers Board of Directors

Retail Wire

Oprah Winfrey is stepping down from her role but promises to continue to "advise and collaborate" with WW moving forward

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‘Targeting the vulnerable’: Asic halts Urban Rampage Centrelink payment scheme

Inside Retail

Retailer Urban Rampage has been ordered to stop deducting payments for purchases through deductions from Centrepay benefits. Financial regulator the Australian Securities & Investment Commission ( Asic ) has issued an interim stop order to prevent the practice, stating that the retailer was taking advantage of vulnerable First Nations customers.

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Chrysler’s Jeep Grand Cherokee Recall: Steering Wheel Safety Issue

Retail Wire

Chrysler has issued a significant recall affecting 338,238 Jeep Grand Cherokees due to a potential steering wheel problem.

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Sainsbury’s looks to axe 1,500 jobs under new £1bn cost-saving strategy

Retail Gazette

Sainsbury’s has proposed plans to cut 1,500 roles under its Next level Sainsbury’s strategy, which the grocer unveiled earlier this month as it looks to save £1bn over the next three years. The supermarket’s plans, which are still subject to consultation, are part of its Save and invest to win programme, where any savings created are invested back into the business.

Grocer 128
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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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Top consumer behavior trends in 2024

Retail Customer Experience

Consumer behavior is constantly evolving as shoppers are expecting a seamless, quick, efficient buying experience online, in the store and via the smartphone. The consumer behavior trends in play range from demanding fast delivery and sustainability by brands to the opportunity for crafting shopping experiences.

Consumer 112
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The Body Shop: 489 jobs lost as administrators shut 75 more stores

Retail Gazette

The Body Shop administrators have confirmed that an additional 75 stores will close, putting more than 400 jobs at risk, as it continues to restructure the retailer’s UK business. Administrators FRP said on Thursday the decision will result in 489 employees being made redundant over the next four to six weeks. It confirmed that 116 of The Body Shop stores across the UK will remain open, with the second wave of store closures providing “the best opportunity for long-term sustainable f

Shopping 122
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Strategy, Incubation and Applications shows up strong at Cisco Live EMEA

Cisco Retail

It was a strong start to the new year with an incredible week in Amsterdam, where the gloomy weather was a stark contrast to the excitement and energy of the 16,000 people who came together to talk… Read more on Cisco Blogs

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Footasylum sales and profits jump as store roll-out continues

Retail Gazette

Footasylum reported a “record-breaking” performance after full year sales and profits surged driven by the opening and upsizing of stores. EBITDA for the footwear retailer rocketed 38% to £22m in the year to 27 January 2024, up from £16m, which its said represented an “all-time high” as performance was “helped by close management of gross margin and operating costs” Sales rose 7% to £320m, up from last year’s £298m, which it attributed to “the succ

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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.