Inside Retail
JUNE 16, 2024
Country Road Group’s parent Woolworths Holdings is investigating senior managers for allegedly negotiating rebates with suppliers despite prices having already been agreed. According to the Australian Financial Review ‘s sources, Country Road Group’s senior managers pressured its suppliers to meet the fashion retailer group’s earnings forecast.
Retail Wire
JUNE 16, 2024
Central banks are expected to reveal their positions on interest rate cuts this week, with decisions from advanced economies anticipated. Following the Federal Reserve’s recent easing projections, policymakers from the UK to Australia remain cautious about reducing borrowing costs due to inflation concerns.
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Inside Retail
JUNE 16, 2024
Knowing what your customers want from the delivery experience is an important step on the path to growth in e-commerce. And guess what? Different demographics want different things from you, as we unpack below. While every shopper is unique, it’s safe to say that certain groups share similar traits. Generations Y and Z, for example, care a lot about sustainability.
Retail Wire
JUNE 16, 2024
In a shocking incident, a Koenigsegg Jesko was destroyed by fire during the 6to6 Motor Europe Tour in Greece on Saturday morning. Thankfully, both the driver and passenger escaped unharmed, but the rare hypercar is now beyond repair.
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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.
Inside Retail
JUNE 16, 2024
Despite India’s thriving retail scene, the country has recently seen a sharp increase in the number of small malls left vacant, casting doubt on the future of shopping malls. In its latest report, ‘Think India Think Retail 2024’, real estate consultancy Knight Frank found the number of ghost malls rose to 64 last year, from 57 in 2022. A ghost mall is defined as a property with a vacancy of more than 40 per cent. “Many of the small shopping malls are on the verge of closure,” said Gu
Retail Wire
JUNE 16, 2024
The future of Paramount Global (PARA) is now uncertain after Shari Redstone unexpectedly ended merger talks with Skydance Media. Redstone, controlling Paramount through National Amusements (NAI), halted the negotiations abruptly, puzzling industry insiders and investors.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Wire
JUNE 16, 2024
Bill Gates, the renowned Microsoft founder, recently shared his optimism about the future of a groundbreaking nuclear power project led by his energy company, TerraPower. Speaking on "Face the Nation," Gates highlighted the strong bipartisan support for nuclear energy, which he believes will ensure the project's progress regardless of political shifts in Washington.
Retail Gazette
JUNE 16, 2024
Asda is outsourcing over 100 of its employees to an Indian-based supplier in a move sparking fears of job cuts, as the supermarket looks to cut costs. Outsourcing plans were revealed to staff in an email last week, affecting IT staff working in the grocery retailer’s Leeds headquarters, which houses 5,000 colleagues. According to the Telegraph , the proposal to move employees to Mumbai-headquartered Tata Consultancy Services was announced 24 hours before private equity firm TDR Capital too
Retail Wire
JUNE 16, 2024
Starbucks has announced a special treat for Father's Day on Sunday, June 16. This year in 2024, Starbucks Rewards members can enjoy a buy-one-get-one-free promotional offer on all handcrafted drinks. The promotion, which runs from noon until 6 p.m., allows customers to treat their fathers or father figures to a favorite beverage. To claim this deal, all patrons are required to use the Starbucks app, ensuring a seamless experience for Rewards members.
Retail Gazette
JUNE 16, 2024
Darren Blackhurst has quit his post as Morrisons, just three months after rejoining the grocery giant in another blow for its turnaround plans. In February, CEO Rami Baitiéh named Blackhurst as interim chief customer and marketing officer on an interim basis, in a role that was expected to become permanent amid a host of leadership changes. But Blackhurst has said will be standing down, the Times reports, and the terms of his departure are currently being negotiated.
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Retail Times
JUNE 16, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! As we countdown to July’s summer games in Paris, and the world gears up for a thrilling summer of sport, new insights from Circana, the leading advisor on consumer complexity, reveal how consumer behaviours and trends will provide fresh opportunities for fast-moving consumer goods (FMCG) retailers and manufacturers to capitalise on these events.
Retail Gazette
JUNE 16, 2024
Yoox Net-a-Porter is shutting its China operations as it looks to focus on more profitable markets. The luxury ecommerce platform’s operations, which are under a joint venture with Chinese ecommerce group Alibaba, will be liquidated, The Financial Times reported. Owner Richemont said the decision was made “in the context of a global Yoox Net-a-Porter plan aimed at focusing investments and resources on its core and more profitable geographies”.
Retail Times
JUNE 16, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Birds Eye is unveiling a new creative platform and multichannel campaign for its Steamfresh® range of healthy meals. The campaign, developed by elvis and sporting the tagline “Goodness That’s Steamy!”, will exhibit a new, playful tone of voice for the Steamfresh® brand, helping to drive awareness of the new Steamfresh® Meals which launched in March [R
Retail Gazette
JUNE 16, 2024
M&S has appointed Ikea’s UK and Ireland country deputy retail manager Marsha Smith as stores director of the West division. Set to join Marks & Spencer in September, Smith has held her current post at the Swedish furniture giant for three years, including leading its Canadian arm. She has also been involved in driving Ikea’s expansion to new markets and leading its retail transformation agendas.
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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.
Retail Times
JUNE 16, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! An interest in South American foods continues to build momentum in the UK and in response Michelin starred Chef, Diego Cardoso and his wife, Sofia have developed a range of chimichurri inspired sauces, CHIMMY’S, bringing the authentic flavour of their Argentinian homeland to UK kitchens.
Retail Times
JUNE 16, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! More than just the UK’s number one lollipop brand Chupa Chups, currently worth £17.7m and growing at +5%, is once again leading innovation in the category with the launch of Big Babol Magic Cubes – colour-changing bubble-gum.
Retail Times
JUNE 16, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! No tickets? No problem. Whether you’re following England’s Euros journey, have stocked up on Pimm’s for Wimbledon, or can’t wait to dive headfirst into the Olympics – watching sport on TV can now feel like you’re at the event itself, or close enough.
Retail Times
JUNE 16, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Sainsbury’s has taken its Cobham supermarket to the next level after completing a project to upgrade the entire store. Today longtime loyal customer and friend of the store Roy Bones joined colleagues to cut the ribbon as the local community got to check out the upgraded flagship supermarket for the first time.
Advertiser: Experience Retail Today
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.
Retail Times
JUNE 16, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Over 30 Aldi stores across the UK will undergo refurbishments this summer, with the supermarket set to invest more than £90 million on store improvements throughout 2024. Over 100 stores located across the country are getting an upgrade this year – from Crewe to Cardiff and Didcot to Dumfries.
Retail Times
JUNE 16, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! As the UEFA EURO 2024TM tournament unfolds, international online retail marketplace AliExpress is set to enhance the global viewing experience by offering an array of winning opportunities. Throughout all 51 tournament matches, fans are invited to participate in the ‘Shake & Win’ competition via the AliExpress app, where every goal scored during the
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