Fri.Apr 05, 2024

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Retailer Lessons from iGaming Companies

Retail TouchPoints

Retailers are always looking to improve their game, with an eye to increasing sales, reducing costs and maximizing profitability. Retail competition has increased from small upstart retailers to big box stores and peers, so the ability for retailers to improve on their game is more necessary than ever. Gaming companies, more specifically iGaming companies, have undertaken strategies that could help retailers that mimic those practices improve their game, and their profitability.

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Walmart Settlement: Up to $500 for Overcharged Shoppers

Retail Wire

Walmart has found itself embroiled in a significant legal settlement amounting to a whopping $45 million, addressing allegations of overcharging on specific grocery items.

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Uber Eats Debuts Autonomous Food Deliveries in Phoenix Market

Retail TouchPoints

Uber Eats has expanded its partnership with Waymo — the autonomous vehicle division of Google parent company Alphabet — adding driverless food deliveries in the Phoenix-area cities of Tempe, Mesa and Chandler, Ariz. The companies are working with a select group of merchants that include local favorites like Princess Pita, Filiberto’s and BoSa Donuts.

Marketing 287
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Armaguard shuns $26 million lifeline offer from retailers, banks

Inside Retail

Cash handling company Armaguard has refused a $26 million lifeline offer from local retailers and banks after its parent Linfox decided to inject cash into the business for its continued operations. A consortium led by the Australian Banking Association (ABA), the Commonwealth Bank, NAB, Westpac, ANZ, Coles , Woolworths , Wesfarmers and Australia Post previously made the offer to Armaguard with a deadline to respond by last week.

Planning 256
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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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Albertsons Simplifies Loyalty Program with Move to Single Points Currency

Retail TouchPoints

Albertsons has joined the growing list of retailers revamping their loyalty programs. The supermarket chain will now use a single points currency for its “ for U” program and give members two months to earn and redeem their points before they expire. Additionally, an automatic cash-off option that converts points into cash discounts at checkout will join existing point redemption options.

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US Job Market Added 303,000 Jobs in March

Retail Wire

Economists had anticipated a slowdown in job growth last month as pandemic recovery neared completion and interest rates climbed. However, the Bureau of Labor Statistics' latest report proved otherwise.

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Ford Shifts Focus to Developing Hybrid Vehicles by 2030, Delaying All-Electric Production

Retail Wire

Ford has pressed pause on the production of its all-electric large SUV and pickup truck, redirecting its efforts toward introducing hybrid options across its whole North American lineup by 2030.

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99 Cents Only to Close All 371 Locations, Hold Liquidation Sale in Business Wind-Down

Retail TouchPoints

99 Cents Only Stores will wind down its business and shutter its 371 locations across California, Texas, Arizona and Nevada after more than 40 years in operation. The decision follows a months-long attempt to find an alternative solution, but ultimately the company decided a wind-down was the best way to “maximize the value of 99 Cents Only Stores’ assets,” the company said in a statement. “This was an extremely difficult decision and is not the outcome we expected or hoped to achiev

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The brands that have consumers buying jewellery brands

Inside Retail

Accessoriesare no longer taking a backseat in the fashion industry with the rise of “jewellery wardrobes”. Consumers are looking to build a personalised multi-brand jewellery collection that represents their personality, style and in some cases, values. Brands and retailers alike are noticing a wave of new consumers looking to find and express their taste through both fine and costume jewellery.

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#RICE24 Community Convos: Naazli Sado, VP Of HR, Communications And Business Innovation Acceleration, P&G Ventures 

Retail TouchPoints

P&G is known for creating some of the world’s most iconic brands. The company has a 180-year plus track record of innovation and developing brands that are integral to our daily lives. P&G Ventures has become a core driver of this innovation.

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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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Meta’s AI Image Generator Faces Difficulties Representing Interracial Couples

Retail Wire

The AI image generator created by tech giant Meta has come under scrutiny for its difficulty in generating images of interracial couples or friends.

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Now it ‘controls its own destiny’, where is Co-op looking for growth?

Retail Gazette

“We’re a Co-op back in control of our business and our future destiny,” says the mutual’s group boss Shirine Khoury Haq as she unveils the group’s solid annual results. Although on the surface pre-tax profits look like they had taken a hit, falling £240m to £28m, last year’s figures benefitted from a £319m boost from its petrol forecourt disposal.

Wholesale 101
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Skimming Devices Detected at South Jersey 7-Eleven Stores

Retail Wire

In South Jersey, recent alarming reports have surfaced regarding how skimming devices have been found at local 7-Eleven stores, prompting authorities to issue warnings and advice to residents.

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99 Cents Only to liquidate

Retail Dive

The company’s small footprint left it unable to compete with larger rivals in a tough macroeconomic environment, according to industry experts.

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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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School Food Jobs Face Fast-Food Competition

Retail Wire

In the wake of California's new $20 minimum wage for fast-food workers, schools find themselves in a tight spot, needing to entice cafeteria staff away from the allure of the fast-food industry.

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Deep-Discount Retailer 99 Cents Only to Close All 371 Store Locations

Shopping Center

Commerce, Calif. — 99 Cents Only Stores LLC has announced plans to close all 371 of its stores and wind down business operations. The company has entered into an agreement with… The post Deep-Discount Retailer 99 Cents Only to Close All 371 Store Locations appeared first on Shopping Center Business.

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99 Cents Only Stores to Close Doors

Retail Wire

99 Cents Only Stores LLC has disclosed its plans to gradually shut down its business operations.

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Apparel execs urge sourcing diversification amid geopolitical risks

Retail Dive

Executives at an American Apparel & Footwear Association event underscored the need to find alternative sourcing as U.S.-China relations continue to fray.

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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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YETI Debuts on Fifth Avenue After MYSTERY RANCH Acquisition

Retail Wire

YETI, the outdoor gear retailer, has officially opened its doors in the heart of Manhattan.

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Reedy River Retail Arranges Land Sale in Upstate South Carolina for Publix-Anchored Retail Center

Shopping Center

Mauldin, S.C. — Reedy River Retail at SVN Blackstream has arranged the acquisition of a 10.9-acre development site located at 1116 Ashmore Bridge Road in Mauldin, roughly 10 miles south… The post Reedy River Retail Arranges Land Sale in Upstate South Carolina for Publix-Anchored Retail Center appeared first on Shopping Center Business.

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Disney+ Password Sharing Crackdown Starts in June

Retail Wire

Still sharing a Disney+ password? You run the risk of being disconnected.

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Elevating the Retail Omni-Experience with Strategic In-Store Enhancements

Wiser

As retail continues to evolve, the demand for an integrated omnichannel experience has become a staple expectation among consumers. Digital advancements have significantly improved online shopping, spotlighting the in-store experience as a pivotal element for fostering trust and loyalty. Efforts are intensifying among brands to establish dedicated teams and invest in resources aimed at ensuring consistency across digital and physical platforms.

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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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Boeing Pays Alaska Airlines for Midair Door Blowout

Retail Wire

The company was paid $160 million in compensation.

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The Never Ending Job Interview

LS Retail

©iStock/Jacob Wackerhausen No matter where you are located in the world, the pace of the job interview process can feel glacial now, especially compared to the hiring crisis of 2021. Amid the labor shortage during the Great Resignation that left managers scrambling for talent, many employers made job offers via video interviews, sometimes even on an initial screening call.

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Shein, Temu have high customer overlap with TikTok Shop: report

Retail Dive

Even while facing a potential ban in the U.S., an Earnest Analytics report finds the platform is dominating social shopping.

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B&M hits out at grocery loyalty schemes in new ‘no gimmicks’ food campaign

Retail Gazette

B&M has launched a new food campaign across its stores and website, dubbed its “big food event” The campaign, which seems to slam the loyalty schemes launched by many UK supermarkets in recent months, features the tagline “No gimmicks” and “No loyalty cards” while highlighting that it offers “everyday low prices 365 days a year” The variety retailer’s event offers savings across a range of well-known brands, such as Frylight cooking oil for £1.75, Batchelors Sup

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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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Online rug retailer Ernesta opens first brick-and-mortar store

Retail Dive

The brand started by Peloton co-founders John Foley, Hisao Kushi and Yony Feng has turned to New York's Upper East Side for its showroom.

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KIKO Milano to Open New Store in Angel Central, London

365 Retail

KIKO Milano, the acclaimed Italian cosmetics brand, is set to enhance its UK footprint by opening a new outlet in Angel Central , Islington, as part of its ambitious expansion efforts across the country. This initiative aligns with Angel Central’s goal to elevate its retail and leisure offerings to better serve its visitors. Scheduled to welcome customers later this month, the new KIKO Milano store will be housed in an 818 sq ft space alongside notable brands like Rituals and MUJI.

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GameStop COO is out

Retail Dive

Nir Patel arrived about two years ago from Belk, where he had been CEO for less than a year. The struggling gaming retailer won’t replace him.

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YouTube sensation jets in to break domino toppling world record at Westfield London

A1 Retail

L’Oréal Paris and YouTuber Lily Hevesh break the world record for largest sonimod domino toppling at Westfield London Build took three days and saw 20,0000 dominos toppled inside an 80m2 glass box Westfield London became a playground this weekend and entered the record books as L’Oréal Paris and YouTuber Lily Hevesh created the world’s largest sonimod domino toppling.

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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.