Retail Gazette
JUNE 13, 2024
Shein has increased prices by over a third on some core items, likely to boost revenues ahead of its anticipated IPO, according to a recent analysis of its pricing strategy. Shein’s average price hikes surpassed those of fellow fashion rivals H&M and Zara , according to data from London-based research firm Edited, which compared prices on 1 June with those from a year earlier.
Retail TouchPoints
JUNE 13, 2024
And, just like that, Drizly is out. As of March 2024, the departure of what was once the largest online marketplace for alcohol in North America has created a significant void in the adult-beverage industry. However, this void also presents a significant opportunity for grocers. With customers increasingly returning to in-store shopping, grocery stores are now in a prime position to reclaim and expand their share of the alcohol market.
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Retail Wire
JUNE 13, 2024
The company reportedly misled consumers about the safety of its talcum powder products.
Retail TouchPoints
JUNE 13, 2024
The RealReal makes a concerted effort to keep counterfeit luxury items off the market, removing approximately 5,000 fakes each month (a total of 250,000 since 2011). So what are these faux handbags doing in a RealReal retail store located on NYC’s Canal Street, a notorious knockoff hub? The answer is simple: the fakes, identified by The RealReal’s stringent authentication process, are decidedly not for sale (“hours” listed on the store’s window indicate it is closed Monday through Sunday).
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Retail Wire
JUNE 13, 2024
Meta Platforms is reportedly making further reductions in its executive ranks, with plans to decrease the number of vice president positions from 300 to approximately 250.
Retail TouchPoints
JUNE 13, 2024
Ebay has drawn a line in the sand when it comes to payments. After very publicly announcing last week that it would no longer accept American Express due to “unacceptably high fees,” today the online marketplace said it will be adding Venmo as a payment option in the U.S. as part of a “continued push to expand ways to pay and invest in digital natives.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail TouchPoints
JUNE 13, 2024
Poshmark has introduced Posh Party Live , daily events that will each be merchandised to a unique theme such as summer neutrals or luxury goods. Taking place daily at 2 p.m. Pacific, the new offering brings together the platform’s Posh Shows seller livestreams with its popular Posh Parties feature, which allow any seller to share listings that fit within a given theme.
Inside Retail
JUNE 13, 2024
China – the world’s fastest-growing coffee market – has experienced a downturn with significant players like Luckin Coffee and Starbucks reporting a decrease in sales in the first quarter of the year. Some experts attribute this to the intense industry competition, where prices are being lowered to attract customers. Cotti Coffee’s latest marketing move to offer all beverages for RMB9.9 without limit, is expected to add more pressure on its rivals to maintain their market share.
Retail TouchPoints
JUNE 13, 2024
Albertsons Media Collective , the retail media arm of Albertsons Companies , has debuted Collective TV, a new solution designed to “unlock the combined value of retail media and TV.” The offering brings together a variety of connected TV (CTV) ad serving and measurement solutions, along with Albertsons Media Collective’s shopper data and insights, into a single platform from which advertisers can execute a wide range of CTV initiatives.
Inside Retail
JUNE 13, 2024
After 13 years of running gyms, Emma Stallworthy felt it was time for a change and founded the at-home reformer pilates business Your Reformer, with her husband Ben Stallworthy in 2021. Before this, Stallworthy and her partner, now husband, built and owned a successful chain of fitness studios, which they sold for over $6 million in 2021 before going all in on Your Reformer.
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Retail Wire
JUNE 13, 2024
This ramen product could cause acute poisoning in some consumers.
Inside Retail
JUNE 13, 2024
In a supermarket in southern China, live fish swim around in a glass tank bearing a QR code for customers to scan for information about where the fish is from and details of provenance and sustainability in its farming or capture. Welcome to the world of grocery retailing in Mainland China, where technology has changed the way consumers of all ages shop for goods and pay for them, a key feature of the third and final day of NRF Apac, in Singapore this week.
Retail TouchPoints
JUNE 13, 2024
Initially a cult classic among runners and exercise fiends, HOKA is now undeniably a mainstream phenomenon. In fact, HOKA parent company Deckers revealed in its Q4 and results for fiscal 2024, which ended March 31, 2024, that the brand’s net sales for the quarter increased 34% year over year, while its full fiscal year net sales increased 27.9% over 2023 , reaching $1.8 billion.
Retail Wire
JUNE 13, 2024
Microsoft previously denied any responsibility in the hack.
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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
JUNE 13, 2024
Arkansas-based grocer Harps Food Stores is adding its 145 stores to the Grocery TV in-store retail media network. Harps will leverage Grocery TV’s end-to-end in-store retail media solution to engage shoppers with digital displays throughout its stores in Arkansas, Kansas, Louisiana, Missouri, Mississippi and Oklahoma. The Harps team also will be using Grocery TV’s Content Management System to launch and track in-store digital campaigns in order to increase the visibility of marketin
Retail Wire
JUNE 13, 2024
A Chick-fil-A franchise in Hammond, Louisiana, has sparked a mixture of intrigue and controversy with its new offering: Chick-fil-A Summer Camp for children.
Inside Retail
JUNE 13, 2024
Lifestyle brand New Era has entered an agreement to acquire premium sports label ‘47 for an undisclosed sum. Following the acquisition, the combined company is expected to generate approximately $2 billion in annual revenue. The two brands said they will continue to grow their licensing partnerships with many of the largest global sports leagues and events.
Retail Dive
JUNE 13, 2024
The department store remains profitable, though net income plummeted nearly 90% last year and sales continued to slide.
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Retail Wire
JUNE 13, 2024
Tesla's stock saw a boost in pre-market trading following Elon Musk's statement that shareholders are likely to approve his $56 billion disputed package and his proposal to relocate the electric carmaker's incorporation to Texas.
Retail Dive
JUNE 13, 2024
Nearly half of shoppers over the age of 18 purchased a toy for themselves in the past year, according to a report by Circana.
Retail Wire
JUNE 13, 2024
Elon Musk continues to run afoul of things.
Retail Dive
JUNE 13, 2024
The Aspen, Colorado, location comes after a successful pop-up shop and will feature collections from both Revolve and Fwrd.
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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 Gazette
JUNE 13, 2024
John Lewis has seen demand for its TVs skyrocket ahead of the 2024 UEFA European football championship, which begins this Friday (14 June). The department store said TV and AV sales had soared 47% compared to the same period last year, with shoppers spending on average 13% more on their home entertainment set up. It noted many consumers were upgrading to larger screens, with sales of 65” TVs more than doubling (104%) and 70” screens skyrocketing 123%.
Retail Dive
JUNE 13, 2024
Locked cases drive potential customers to online alternatives. Helpful associates assist customers while inconveniencing crooks.
Retail Gazette
JUNE 13, 2024
Tesco has strengthened its market share and maintained its profit guidance for the year, after reporting a 4.6% rise in underlying UK sales for the first quarter. As a result, the UK’s biggest grocer has kept its forecast for retail adjusted operating profit of at least £2.8bn ($3.6bn) for 2024/25, up from £2.76bn in 2023/24. “We’ve continued to build momentum in the business, with strong volume growth across the UK, Republic of Ireland and Central Europe supported by easing in
Retail Dive
JUNE 13, 2024
Sarah Oughtred spent almost 17 years at the activewear brand, where she helped scale the business from $270 million in revenue to about $10 billion.
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Retail Customer Experience
JUNE 13, 2024
Brands and retailers have embraced AI as a transformative force. Yet, with great power comes great responsibility.
Intelligence Node
JUNE 13, 2024
The consumer electronics landscape is rapidly evolving, driven by a mix of innovation, changing consumer preferences, and technological advancements. Reports show that this year, 78.3% of total consumer electronics sales. The post How AI and IoT Are Shaping Consumer Electronics in 2024 appeared first on Blog.
Retail Wire
JUNE 13, 2024
On Wednesday, Sony Pictures Entertainment announced its acquisition of the Alamo Drafthouse, the dine-in movie theater chain.
LS Retail
JUNE 13, 2024
©iStock/Alberto Marrupe Gutierrez Whether you are based in Ireland or the United States, winning new exports comes in handy for newfound growth at your business. In this case, the Going for Growth program, which Enterprise Ireland and KPMG support, is designed to help female entrepreneurs achieve their growth ambitions by growing their sales, creating additional employment, and winning new exports.
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