Retail Wire
AUGUST 29, 2024
Yelp has initiated an antitrust lawsuit against Google in a federal court in San Francisco, accusing the tech giant of using its dominance in general search to monopolize the local search market.
Inside Retail
AUGUST 29, 2024
Mosaic Brands ‘ shares and convertible notes will be placed in compulsory trading suspension starting on Monday due to the non-lodgement of its annual financial report. Mosaic expects to lodge its financial report, along with its market update, no later than September 30. Earlier this month, it stated that it would release its FY24 results on August 28.
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Retail TouchPoints
AUGUST 29, 2024
Unlike fashion, the technology industry doesn’t often look to trends and ideas from the past to define its future. But in the case of RFID, that’s exactly the phenomenon we’ve been observing over the course of the last few years. What’s old is new again, but this time around the focus is squarely on the value proposition for stores and consumers instead of the distribution centre (DC).
Inside Retail
AUGUST 29, 2024
TreadLightly has launched Sports Ball, a new recycling program aimed at reducing the number of sports balls that end up in landfills each year. Established in 2021, the organisation is run by the Australian Sporting Goods Association (ASGA) with a mission to reduce waste generated by the sports industry. Previously, TreadLightly only focused on recycling footwear.
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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.
Retail TouchPoints
AUGUST 29, 2024
Value-seeking consumers trading down, strategically waiting for discounts and choosing low-cost Chinese shopping apps will soften holiday sales growth to 2% year over year (YoY) both in the U.S. and globally, according to the Salesforce Shopping Index , which analyzes data from more than 1.5 billion global consumers on retail sites. While holiday sales grew 3% YoY in 2023, reaching $1.17 trillion , Salesforce predicts global sales for November through December 2024 will reach $1.19 trillion , wi
Inside Retail
AUGUST 29, 2024
Australian retail sales moderately improved in July, which Australian Bureau of Statistics (ABS) data attributed to the continuation of mid-year sales. July turnover grew 2.3 per cent year over year to $36.16 billion, with the ‘other retailing’ segment, which includes cosmetics, sports, and recreational goods, recording the highest growth, of 5.5 per cent, reaching $5.66 billion.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
AUGUST 29, 2024
Leonie Faddy knows that her job as a leader is done when her team is ready to fly the coop, and she firmly believes that having unpopular opinions can be beneficial. As global CMO of the popular Australian beauty brand Go-To Skincare, Faddy compares her leadership approach to conducting an orchestra and believes it’s important to ‘manage up’ and know what’s important to the board members and CEO.
Retail TouchPoints
AUGUST 29, 2024
Spirit Halloween will operate a record-breaking 1,525 brick-and-mortar stores this season, adding more than 400 locations to its 1,100 -store footprint by the end of September. The retailer also will scare up a “Carnevil” concept that complements its “Spirit Hallows” in-store theme and cemetery-inspired store design details. “The Halloween fandom continues to grow, and our incredible team works year-round to create an unparalleled and unique in-store experience that will engage customers all sea
Inside Retail
AUGUST 29, 2024
Dion Lee’s Australian business, which entered voluntary administration in May, is set to wind up after no deals were reached with its potential buyers. The creditors of the company have appointed Antony Resnick and Henry Kwok of DVT Group as liquidators. The decisions were made after the second creditors meeting. Although there was interest from potential buyers, no “acceptable offer” was as yet forthcoming, DVT said in a release.
Retail Wire
AUGUST 29, 2024
It's a "touch decision," according to CEO Rob Lynch.
Speaker: Amanda Adams, Fractional CFO, CPA
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Inside Retail
AUGUST 29, 2024
During the last 20-plus years as an executive recruiter, I have placed in excess of 2500 senior executives and board directors throughout Australia and overseas. In addition to this, I coach groups of CEOs on a monthly basis, and a regular topic of conversation is how to ensure new employees perform to their full potential. A lot of time, effort and money goes into recruiting new employees, who often are excellent at selling themselves through the recruitment process, but then go on to be underw
Retail Wire
AUGUST 29, 2024
The Boar's Head listeria contamination fallout continues.
Retail TouchPoints
AUGUST 29, 2024
Inter Ikea Group , parent company of furniture retailer Ikea , has entered a global partnership with payments platform Adyen. Using the solution provider’s single financial technology platform to gather data from its physical and digital channels will help Ikea identify shopping behaviors across touch points and uncover business opportunities relating to customer lifetime value.
Inside Retail
AUGUST 29, 2024
Western Australia-founded fragrance brand Dusk emerged on the retail landscape in 2000; now, the specialty scent and homeware retailer is in an era of reinvention. Dusk became a publicly listed company in 2020. Today, it has 145 stores in Australia and three in New Zealand – alongside a booming e-commerce business. When asked if there was an appetite to expand its bricks-and-mortar footprint beyond Australia and New Zealand, Dusk CMO Jeremy Taylor referenced the pop-star Justin Bieber: “Ne
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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 Wire
AUGUST 29, 2024
The Dollar General Corporation has just reported its fiscal second-quarter 2024 financial results, and it didn't meet analysts' expectations.
Inside Retail
AUGUST 29, 2024
HMC Capital has acquired Brandon Park Shopping Centre in Melbourne for $107 million, expanding its HomeCo Last Mile Retail Logistics Fund assets. The property comprises 5.81ha of land and a gross lettable area of 23,038sqm, with Coles and Aldi among its major tenants. The centre has five mini-majors and 86 specialty tenancies and kiosks. “The offer attracted keen interest from a wide range of investors given its metropolitan Melbourne location coupled with the opportunity to enhance the re
Retail Wire
AUGUST 29, 2024
Flight attendants at United Airlines have overwhelmingly voted to authorize a strike, with a near-unanimous approval rate of 99.99% and 90.
Inside Retail
AUGUST 29, 2024
It’s no secret that self-care has been having a major moment in the skincare sector in recent years, but what about the market for intimate care products? French-founded beauty and cosmetics company, Kiehl’s, which was acquired by beauty conglomerate L’Oréal in 2000, is making a big bet on this market with its latest product launch. In August, Kiehl’s launched an intimate care line, becoming the first L’Oréal-owned brand to do so, staking its claim in the rapidly growing intimate car
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 Wire
AUGUST 29, 2024
Gap Inc. reported strong financial results for the second quarter of fiscal 2024, which ended Aug. 3.
Inside Retail
AUGUST 29, 2024
Euromonitor estimated that single-person households were the fastest-growing household type globally, expanding by 31 per cent from 2010 to 2019, with half of this growth attributable to Asia Pacific. The company also projected that by 2040, one in 10 households globally would be both Asian and single-person. This increasing prevalence of single-person households presents significant opportunities for retailers to adapt their product offerings and services strategically to meet evolving consumer
Retail Wire
AUGUST 29, 2024
The chicken sandwich is expected at McDonald's later this year.
Inside Retail
AUGUST 29, 2024
Victoria’s Secret swung to a net income despite lower sales in the fiscal second quarter, which an analyst attributes to better inventory management discipline and efficient cost control. The lingerie and perfume brand’s net income stood at $32.1 million while net sales fell 0.7 per cent year over year to $1.42 billion. North America store sales decreased 2.1 per cent to $800 million and direct sales slid 0.9 per cent to $430.2 million.
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Retail Gazette
AUGUST 29, 2024
Sainsbury’s has agreed to acquire 10 stores from Homebase to convert into supermarkets, with the sale expected to complete in early September. The acquired stores are based in key target locations designed to grow the grocer’s coverage across England, Northern Ireland and Scotland, as part of its Next Level Sainsbury’s plan. Once the sites have been converted, the shop floor area of the stores will add a total of around 235,000 sq ft to Sainsbury’s trading space, bringing
Retail Wire
AUGUST 29, 2024
Both revenue and net income for Salesforce increased in the second quarter.
Retail Gazette
AUGUST 29, 2024
Dobbies Garden Centres is planning a financial overhaul of the business, which lead to rent cuts and shop closures. The home and gardening giant, which is owned by investment firm Ares Management, is understood to be working with advisors at FTI Consulting on a restructuring plan, Sky News reported. It remains unclear how many of Dobbies’ 77 stores are set to close or how many of its 3,700 jobs will be impacted.
Retail Wire
AUGUST 29, 2024
Lower customer demand hurt Best Buy's sales numbers in the last quarter.
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
Retail Gazette
AUGUST 29, 2024
John Lewis has opened its online Christmas shop as shoppers begin looking to stock up on festive decorations. The department store chain said customers are already getting into the festive spirit, with searches for Christmas tree decorations and baubles up 30% on last year. It expects supersized wreaths and oversized bows to take centre stage this year as ‘doorscaping’ and playing with scale become popular trends.
Retail Wire
AUGUST 29, 2024
The country music legend is branching out into the beauty business.
Retail Gazette
AUGUST 29, 2024
Tesco is facing potential strikes across its distribution network after warehouse workers at eight of its sites rejected a less than 5% pay offer. Trade union Usdaw has launched a consultative ballot for its members to vote on if they are prepared to take industrial action. It comes as the distribution employees overwhelmingly rejected the supermarket’s pay offer of between 2% plus £500 and 4.4%, depending on contract, along with some additional enhancements.
Retail Dive
AUGUST 29, 2024
Ahead of welcoming a new CEO, the intimates giant bumped up its expectations for the year and the third quarter, when its Fashion Show returns.
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