Retail TouchPoints

AUGUST 19, 2024

The fate of retail performance for the second half of 2024 is anything but certain. Despite expectations that inflation, subsequent rate hikes and the lingering effects of the pandemic would negatively impact spending, consumption rates have remained surprisingly high. This counterintuitive trend has sparked debate among economists, analysts and retail executives about the sustainability of current spending patterns.

Consumer 296

Consumer Markdowns Promotions Advertising 296

Mulesoft

AUGUST 19, 2024

Artificial intelligence has already begun transforming the technology landscape, making its way into nearly every tool and platform that businesses rely on. From automating mundane tasks to providing intelligent insights, AI has become an integral part of how we work and innovate. At MuleSoft, we recognize the immense potential of AI and are actively investing […] The post Einstein for Anypoint Code Builder: AI-Powered MuleSoft Development Is Here first appeared on MuleSoft Blog.

ATS 119

ATS 119

Inside Retail

AUGUST 20, 2024

Scentre Group’s fund from operations stood at $568.2 million in the first six months, up 2.1 per cent from the year-ago period. The Westfield shopping centre owner and operator’s net operating income grew 3.5 per cent to $1.01 billion while the group’s portfolio was valued at $34.3 billion. The group operates 42 Westfield destinations across Australia and New Zealand, which hosted 320 million customer visits, an increase of 1.9 per cent.

Department Stores 306

Department Stores Shopping Location Marketing 306

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

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Supermarket Grocer Accounting Planning 132

Speaker: Jennifer Wright and Nick Barron

Navigating the complexities of e-commerce requires more than just the right technology - It demands a holistic strategy that aligns platform capabilities with customer- centric design and marketing. This webinar will provide a roadmap for building a robust e-commerce strategy, guiding you through key decisions from platform selection to creating user experiences that convert, and leverage digital marketing to reach and retail customers.

Marketing

Retail Wire

AUGUST 25, 2024

The Coffee Bean & Tea Leaf is taking advantage of the fall season with a new menu available until October 31, 2024. The seasonal offerings include a variety of beverages designed to align with the themes of an autumn experience.

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Retail Times

AUGUST 14, 2024

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Source: StockCake As the world continues to embrace digital currencies, XRP is emerging as a preferred payment method for a growing number of consumers. This trend is not just a fleeting interest in the cryptocurrency market but is rooted in significant shifts in consumer behavior.

Consumer 135

Consumer Marketing 135

Mulesoft

AUGUST 15, 2024

Roughly two years ago, MuleSoft announced the next generation of the managed integration platform, CloudHub 2.0. The shift to CloudHub 2.0 isn’t just an upgrade – it’s a complete reimagining of how applications are deployed and managed in the cloud, leveraging the robustness of a Kubernetes-based architecture. To briefly summarize the benefits, CloudHub 2.0 offers: […] The post CloudHub 2.0: The Transition from Persistent VM Queues to Robust Message Brokers first appeared on Mu

Management 112

Management 112

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.

Fashion 306

Fashion Marketing Accessories 306

Retail Gazette

AUGUST 19, 2024

Morrisons boss Rami Baitiéh admitted the supermarket “went a bit too far” with self-checkouts as it looks to pull back on the technology. The chief executive told The Telegraph that the business is “reviewing the balance between self-checkouts and manned tills” and is looking to remove some from its stores after installing too many. He said: “Morrisons went a bit too far with the self-checkout.

Checkout 128

Checkout Supermarket ATS 128

Retail Wire

AUGUST 28, 2024

Casio Computer Co., Ltd. has announced the release of its latest G-SHOCK watch, the GLX-5600KB, marking the third signature model designed in partnership with professional surfer Kanoa Igarashi.

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Retail Dive

AUGUST 26, 2024

The majority of consumers are open to exchanges or store credit instead of full refunds if the returns process is easy, according to Narvar.

Returns 131

Returns Consumer ATS 131

Retail TouchPoints

AUGUST 15, 2024

Retail cooperative Ace Hardware has unveiled a new experiential store concept, dubbed Elevate Ace, that will roll out to all new and existing stores over the next five years, supported by a $1 billion investment. The new store design was unveiled at the retailer’s fall convention in Chicago earlier this month, which brought together more than 17,600 Ace Hardware retailers and industry professionals to celebrate the brand’s 100th anniversary.

Outdoor 286

Outdoor Customer Experience Shopping Consumer 286

Retail Times

AUGUST 27, 2024

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The Single Cask – home to a warehouse in Glenrothes of over 3000 casks – has collaborated with drinks and hospitality charity The Drinks Trust to release an ‘Ultra Rare’ single cask whisky from Teaninich Distillery.

ATS 111

ATS 111

Inside Retail

AUGUST 22, 2024

Footwear retailer Accent Group ‘s net profit plunged amid higher sales in the last fiscal year. The company saw net profit dip 32.9 per cent to $59.5 million despite sales increasing 2.7 per cent to $1.61 billion. However, like-for-like retail sales fell to 1.7 per cent. Accent Group ended the fiscal year with 895 stores including websites after opening 93 new stores and closing 19, where the company could not achieve return on investment.

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Net Profit Returns Planning ATS 299

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

Finance

Retail Gazette

AUGUST 20, 2024

Two former executives of the defunct department store chain BHS have been ordered to pay £110m to creditors for breaching their corporate responsibilities. The ruling against Dominic Chappell, who led Retail Acquisitions when it bought BHS for £1 from Philip Green in 2015 , and Lennart Henningson comes eight years after BHS collapsed with over £1bn in debt, including to its pension fund.

Department Stores 126

Department Stores Accounting 126

Retail Wire

AUGUST 22, 2024

Foot Locker Inc. has unveiled its newly redesigned flagship store at 112 W 34th St., introducing the Foot Locker "Home Court," a cutting-edge basketball shopping destination created in collaboration with Nike and Jordan Brand.

Shopping 278

Shopping ATS 278

Retail Dive

AUGUST 26, 2024

The company is leveraging Bed Bath & Beyond’s deep name recognition and plans to develop a gallery of retail brands ranging from luxury to off-price.

Planning 122

Planning 122

Retail TouchPoints

AUGUST 14, 2024

Party City has appointed Barry Litwin as President and CEO as the company continues to eke its way back from its January 2023 bankruptcy. Litwin most recently served as the CEO of Global Industrial Company (GIC) , a distributor of industrial products that serves more than 500,000 customers across the manufacturing, transportation, retail and healthcare sectors.

Shipping 279

Shipping Marketing Consumer ATS 279

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In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

Shopping

Retail Times

AUGUST 16, 2024

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Storyblok, the modern content management system (CMS) for all teams, has released a survey of 200 businesses and 200 consumers which illustrates how quickly AI has impacted consumer behaviour online. Nearly one in five consumers now use AI tools as their primary source of information when deciding whether to purchase a product. 15% of consumers […

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Consumer Marketing Management 115

Inside Retail

AUGUST 28, 2024

Wesfarmers booked higher net income and revenue in the last fiscal year, with its discount department store chain Kmart contributing the most growth among its retail businesses. The company’s net income grew 3.7 per cent to $2.56 billion, while revenue rose 1.5 per cent to $44.19 billion. Kmart Group ‘s revenue grew 4.4 per cent to $11.11 billion, while Bunnings Group’s revenue rose 2.3 per cent to $18.97 billion. “Kmart Group’s performance was a standout, deliverin

Department Stores 290

Department Stores Marketing ATS 290

Retail Gazette

AUGUST 19, 2024

Aldi has met its commitment to sell 100% cage-free eggs more than a year ahead of schedule. The discount grocer pledged in 2016 to phase out the sale of eggs and egg ingredients from caged hens by 2025. However, it revealed this week that all its stores now only sell cage-free eggs. Related Story Data: Aldi set to overtake Asda as UK’s third-largest grocer in 5 years 16/08/2024 x 12:12 PM Aldi managing director of buying Julie Ashfield said: “Improving animal welfare is incredibly importan

Grocer 126

Grocer Planning Management ATS 126

Retail Wire

AUGUST 17, 2024

According to a recent press release, Abercrombie & Fitch Co. has entered a strategic partnership with Haddad Brands. This maneuver aims to extend the global reach of the abercrombie kids line.

Fashion 277

Fashion 277

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

Shopping

Retail Dive

AUGUST 14, 2024

Brazilian beauty conglomerate Natura & Co. earlier this year floated plans to separate its Avon business, but said this week that’s now on hold.

Planning 128

Planning 128

Mulesoft

AUGUST 26, 2024

What do a boutique shop and data mesh have in common? Boutique shops carry specific niche items catered to targeted clientele. They know their products well and consistently deliver a personalized shopping experience for their customers. In the event of product problems, you know exactly who to address for a resolution. You may even request […] The post Embark on Your Data Mesh Journey With MuleSoft first appeared on MuleSoft Blog.

Clienteling 107

Clienteling Boutique Shopping 107

365 Retail

AUGUST 12, 2024

JD is expanding its footprint with the opening of four new stores across the UK and the Republic of Ireland this summer. The new locations, which will open in Lowestoft, Cork, and Wembley in August, and Sheffield in September, are part of JD’s ongoing strategy to extend its presence in new areas. To celebrate the openings, JD has organised a series of in-store events to engage with shoppers during the launch weekends.

Accessories 110

Accessories Fashion Location ATS 110

Inside Retail

AUGUST 27, 2024

Guzman Y Guzman delivered revenue of $342.2 million in the last fiscal year, up 32.1 per cent, thanks to opening new restaurants. However, the fast-food operator’s statutory net loss widened to $13.7 million. This is the first time the Mexican fast food chain published financial results since its initial public offering on June 20. During the fiscal year, the company saw network sales of $959.7 million, an increase of 26.4 per cent.

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Join Bloomreach at Innovation Fest: Summer 2024, a virtual event, to explore the future of personalized marketing and merchandising! Along with the company’s top product experts, CEO Raj De Datta will provide an exclusive look at the company’s latest AI innovations reshaping the omnichannel experience. Don’t miss out on this exciting opportunity to connect with fellow industry leaders and explore the latest trends in retail technology.

ATS

Retail Gazette

AUGUST 27, 2024

Home secretary Yvette Cooper has pledged to “end the shameful neglect” of shoplifting by the police as punishments have plummeted in recent years. An analysis by The Times using official figures from the Home Office, Ministry of Justice, and police forces found that just 431 shoplifters received fixed penalty notices — the lightest punishment for stealing items worth less than £100, in the year to March 2024.

Shopping 122

Shopping 122

Retail Wire

AUGUST 14, 2024

Domino's Pizza has announced its intentions to provide carryout deals for its customers following news that its carryout business has increased recently, in part due to increased delivery prices.

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Retail Dive

AUGUST 12, 2024

The company is pursuing a sale of its business and said it has a commitment for $130 million in debtor-in-possession financing from existing lenders.

Finance 129

Finance Planning 129

Mulesoft

AUGUST 27, 2024

As application deployment evolves, the IT industry is increasingly gravitating toward containerized deployment models. Containers offer a lightweight, infrastructure-agnostic solution, making it easier to manage applications and services. This shift has heightened the need for efficient scaling solutions. Horizontal autoscaling allows applications to scale out by adding more instances of the application, as opposed to […] The post Horizontal Autoscaling in CloudHub 2.0: Eliminating the Gue

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Planning Management 104

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

Management