Retail TouchPoints

MAY 17, 2024

The Editors’ Perspectives column offers insights and opinions from the Retail TouchPoints editorial team as they dig into the latest trends in retail, marketing and tech. This month Retail TouchPoints has been exploring the state of autonomous checkout experiences in our series From Self-Checkout to Just Walk Out. The long and short of it is this: No one is really a big fan of self-checkout kiosks , but they’re not going anywhere anytime soon; and fully autonomous stores , like Amazon ’s Just Wa

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Inside Retail

MAY 17, 2024

Australian Fashion Week is one of the most influential industry events in the Asia-Pacific region and its runaways have the power to launch careers and cement brands. Every year designers take over the runways at Carriageworks, except for a few offsite shows, to debut their newest collection with the hopes of it being picked up by buyers. The Australian fashion industry contributes $27 billion to the country’s domestic economy, $7.2 billion in export revenue and employs 500,000 workers, accordin

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Retail TouchPoints

MAY 17, 2024

Despite a successful holiday shopping season, retailers face numerous hurdles in the year ahead. As stores try to balance protecting profit margins while delivering a unified customer experience, the escalating cost of returns has reached a breaking point. According to the NRF, U.S. returns reached a staggering $743 billion in 2023, representing over 14.5% of retail sales, and, worryingly, 13.7% of these transactions are fraudulent.

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Retail Wire

MAY 17, 2024

As the travel industry experiences a post-pandemic resurgence, American Airlines is capitalizing on the growing demand for vacation destinations in Latin America and the Caribbean.

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Customer Experience

Retail TouchPoints

MAY 17, 2024

Fashion brand Esprit has filed for insolvency in Europe citing “extremely high costs due to inflation, interest rates and energy prices, the after-effects of the coronavirus pandemic and the consequences of international conflicts.” The insolvency filing, which was submitted to a court in Germany, applies only to the company’s European businesses.

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Retail Wire

MAY 17, 2024

The FDA has signed off on the use of Imdelltra, manufactured by Amgen, to treat small-cell lung cancer.

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Retail Wire

MAY 17, 2024

OpenAI has reached a partnership agreement with Reddit to leverage the social news site's data for training AI models.

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Inside Retail

MAY 17, 2024

Switzerland-based luxury goods company Richemont has announced several changes to its board and management team after reporting record sales for the year ended March 31. Group sales increased by 3 per cent (up 8 per cent at constant exchange rates) to €20.6 billion ($33.5 billion). Operating profit was €4.8 billion, up 13 per cent at constant exchange rates.

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Retail Wire

MAY 17, 2024

Walmart achieved an all-time-high market cap after its Q1 2024 earnings report.

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Inside Retail

MAY 17, 2024

Hugo Boss has struck up a multi-year design partnership with Former Manchester United midfielder David Beckham, the German fashion house said on Thursday, as it seeks to boost demand for its Boss brand. The collaboration includes collections designed and curated by David Beckham for both formal and casual menswear, the company said, with the first collection to launch in spring/summer 2025.

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Accounting

Retail Wire

MAY 17, 2024

Texas is bracing for a record-breaking power demand next week as a spring heat wave drives residents and businesses to ramp up air conditioning usage.

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Retail Gazette

MAY 17, 2024

Asda saw sales rise in its first quarter results as it claimed its clothing business outperformed the fashion and homewares markets during the period. The grocery giant’s total sales excluding fuel were up 6.6% to £5.3bn for the period ended 31 March, while like-for-like revenues nudged up 1.4%. Grocery sales rose 1.3% on a like-for-like basis, which it attributed to its continued investment in enhancing the value and quality of its food offering.

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Retail Wire

MAY 17, 2024

An Indiana judge has made a significant decision in his court that could change the food world's description of their favorite Mexican-style foods.

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Retail Gazette

MAY 17, 2024

The Body Shop administrators are set to launch an auction of the vegan beauty chain after plans for a company voluntary arrangement (CVA) fell through. Administrators at FRP Advisory will begin formally sounding out prospective buyers over the coming weeks, Sky News reported. The move suggests the high stree retailer chain, which now trades from around 100 stores following a recent shop closure and redundancy programme , could find itself with a new owner.

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Customer Experience

Retail Wire

MAY 17, 2024

Workers at the Mercedes-Benz plant in Vance, Alabama, are concluding their vote today on whether to unionize under the United Auto Workers (UAW).

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ATS 130

Retail Gazette

MAY 17, 2024

Ebay UK is returning as the headline sponsor of Love Island’s latest season, marking its fifth consecutive series in partnership with ITV. The online marketplace’s pre-loved style director Amy Bannerman will once again source fashion from the platform alongside the Love Island styling team under the tie-up, with a curated selection of pre-loved clothing, authenticated sneakers and garments from eBay’s Imperfects range being brought to the villa wardrobe.

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Retail Wire

MAY 17, 2024

H Mart, the country’s largest international supermarket chain, is set to open a new food court at the American Dream complex in the Meadowlands.

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Shopping Center

MAY 17, 2024

Prince Frederick, Md. — MCB Real Estate and Generation Properties have broken ground on Armory Square, a 110,000-square-foot shopping center located in Prince Frederick, roughly 44 miles southeast of Washington, D.C.… The post MCB, Generation Properties Break Ground on 110,000-Square-Foot Shopping Center in Prince Frederick, Maryland appeared first on Shopping Center Business.

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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.

Fashion

Retail Wire

MAY 17, 2024

TikTok is experimenting with allowing certain users to upload longer videos, extending up to 60 minutes in duration.

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Retail Dive

MAY 17, 2024

Lee DeVille will lead operations for three of the discounter’s retail divisions. But the pet retailer’s new role requires a furrier candidate.

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Retail Wire

MAY 17, 2024

The bird is gone and officially replaced with X.

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Retail Customer Experience

MAY 17, 2024

Autonomous robots deployed in retail cover millions of square meters a week with inventory scanning robots capturing 26 million images a day. Brain Corp CEO David Pinn shares what he envisions to come.

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Cisco Retail

MAY 17, 2024

Secure Client Management capabilities aren’t going away with the SecureX EOL, the functionality is simply migrating to the Cisco Security Cloud Control service.

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Management 98

Retail Dive

MAY 17, 2024

Candace Parker, Kelsey Plum, Cameron Brink and others are featured in the campaign just months after it was named the official underwear partner of the WNBA.

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LS Retail

MAY 17, 2024

©iStock/Pikusisi-Studio According to CIO Look, AI video translation employs advanced machine learning algorithms to automatically translate spoken or written content in videos from one language to another. By leveraging natural language processing (NLP) and deep learning techniques, AI video translators can accurately interpret and convert audiovisual content in real time, eliminating the need for manual translation efforts.

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ATS 90

Retail Dive

MAY 17, 2024

Nearly two-thirds of marketers believe they have don’t the resources to execute 2024 strategies, while some are pinning their hopes on AI, per Gartner.

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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

Customer Experience

Cisco Retail

MAY 17, 2024

In the face of growing cybersecurity threats, UK policymakers have intensified efforts to protect the nation's digital infrastructure. This blog looks at insights from the UK McPartland review and the interdependence between cyber security and economic growth.

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ATS 98

Retail Dive

MAY 17, 2024

The issue, which leverages QR codes that lead to curated Pinterest boards, highlights over 120 products and expands the platform’s bid to publishers.

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Theatro

MAY 17, 2024

80% of Retail Workers Feel Unsafe While on the Job, New Study Shows Survey findings from Theatro shed new light on the state of the retail industry as staffing shortages intensify safety threats faced by frontline workers. Purpose of this Study Imagine starting your workday knowing there’s a significant chance you’ll face a situation where your safety is at risk.

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Retail Dive

MAY 17, 2024

Brad Weston was previously the chief executive of Party City Holdings and spent a year in the top role at the pet retailer.

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