Costco Enters the New Era of Grocery Price Wars
Retail Wire
OCTOBER 5, 2024
Kirkland, the signature brand by wholesaler Costco, is experiencing new price cuts and reductions due to the grocery price wars that have ensued.
Retail Wire
OCTOBER 5, 2024
Kirkland, the signature brand by wholesaler Costco, is experiencing new price cuts and reductions due to the grocery price wars that have ensued.
Inside Retail
OCTOBER 10, 2024
Japan’s Fast Retailing, owner of clothing brands Uniqlo and GU, booked its third consecutive year of record earnings on Thursday, boosted by widened profit margins in its international segments. Operating profit rose 31 per cent to US$3.35 billion in the 12 months through August from $2.55 billion a year earlier, the apparel maker said in a statement.
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Retail TouchPoints
OCTOBER 10, 2024
Walmart will leverage proprietary AI, generative AI and retail-specific Large Language Models (LLMs) to provide hyper-personalized customer experiences and improve customer service. Additionally, the retail giant has developed an augmented reality (AR) platform that uses AI to create tens of thousands of 3D assets as well as immersive commerce APIs, enabling Walmart shopping experiences that are embedded in new virtual social environments.
Retail Focus
OCTOBER 10, 2024
Evolve Estates , part of commercial property and investment collective M Core, has signed two new tenants at the Penicuik Centre in Scotland. Popular sushi restaurant, Yokohama Sushi, has agreed a 10-year lease on a 824 sq ft unit at the scheme, joining other food and beverage tenants such as Greggs and Domino’s. Maj Gifts Ornaments will also be opening a location at the scheme later this year in a 1,940 sq ft unit on a one-year lease.
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Retail Gazette
OCTOBER 10, 2024
N Brown has swung to a pre-tax profit in its first half despite falling sales as its digital overhaul takes effect. The Jacamo, JD Williams and Simply Be owner reported a profit before tax of £200,000 in the 26 weeks to 31 August, up from the £2.8m loss from the year before. It comes as sales for the group fell 6.7% to £277.2m, dragged down by a 7.9% drop in product revenue which it blamed on “unseasonal weather” N Brown attributed its half-year performance to the successful launch of its
Retail Wire
OCTOBER 8, 2024
The Supreme Court declined to hear Uber and Lyft's arguments.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
OCTOBER 10, 2024
Some of Europe’s largest fashion companies will start collecting discarded clothes from April as part of a voluntary pilot scheme to manage textile waste that anticipates EU regulations expected to come into force in 2026. Zara owner Inditex, Sweden’s H&M, France’s Decathlon, Ikea and UK-headquartered Primark are among 10 brands that will participate in a trial that will separate textiles and shoes from other waste collection so they can be reused or recycled, according to
Retail Focus
OCTOBER 7, 2024
Hammerson is pleased to announce that YouTube sensation, The Sidemen, have selected Bullring & Grand Central for their first ever SDMN Clothing store in the Midlands and second-ever physical store. The new store underpins a wider strategy by Hammerson to diversify its occupier mix by introducing young and exciting concepts which complement the strength of the international brands on offer.
Retail Wire
OCTOBER 7, 2024
Hurricane Helene efforts are still continuing.
Retail TouchPoints
OCTOBER 11, 2024
Humans are visual creatures; it’s a biological trait developed way back when we all still lived in caves. The world has changed a bit since then, with things like electricity, grocery stores and the internet, but humans still rely on their eyes when gathering supplies — even though that process has become less about hunting and more about simply browsing and selecting.
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In a digital-first world, website security is non-negotiable. This comprehensive guide explores the critical importance of securing your site against hackers and vulnerabilities like SQL injection, XSS, and malware. Discover tools like SiteLock for threat monitoring and CodeGuard for seamless backups, ensuring robust protection for your data and operations.
Inside Retail
OCTOBER 6, 2024
Should young people be paid less than their older counterparts, even if they’re working the same job? Whether you think it’s fair or not, it’s been standard practice in many industries for a long time. The argument is that young people are not fully “work-ready” and require more intensive employer support to develop the right skills for their job. But change could be on the horizon.
Retail Focus
OCTOBER 7, 2024
By Ghalia BOUSTANI. Retail Consultant | Published author | Visiting lecturer. Immersive luxury retailing, which utilises cutting-edge technology and innovative design to create engaging, multisensory environments for customers, is a transformative approach to high-end shopping experiences. This retail strategy aims to elevate the traditional luxury retail experience by offering more than just products.
Retail Wire
OCTOBER 10, 2024
McDonald's Spain is offering a fun promotion for 'Friends' fans.
Retail TouchPoints
OCTOBER 11, 2024
Grocery chain Save A Lot has debuted its first-ever loyalty program — Save A Lot Rewards. Available via a new mobile app, Save A Lot Rewards offers shoppers points called “dots” that can be redeemed for rewards and free products. Independent Save A Lot Retail stores across the chain’s 750 -strong fleet will have the flexibility to customize the app with local offers alongside national offers; the app also features exclusive coupons and deals.
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Inside Retail
OCTOBER 7, 2024
Cosette has been cleared from allegations it was selling fake luxury goods following a year-long investigation by NSW Fair Trading. The luxury bags and accessories retailer said the allegations stemmed from third-party authenticators who provided customers with misleading services. Cosette said it successfully defended the cases at the NSW Civil and Administrative Tribunal (NCAT), which claimed the authenticators have “no evidence of specific qualifications, skills, or knowledge” The
Retail Focus
OCTOBER 10, 2024
White Stuff, the British fashion and lifestyle retailer, will be opening in London Gatwick’s North Terminal in late November. The opening will be the brand’s first airport store and follows a series of store openings and new concessions to bring the brand to more customers across the UK. The 1044sq.ft store has been specifically designed with travel in mind and features White Stuff’s new mobile payment system, so instead of a standard till customers can pay from anywhere in the shop.
Retail Wire
OCTOBER 9, 2024
Shares of 7-Eleven jumped after it received a new takeover offer.
Retail TouchPoints
OCTOBER 9, 2024
Spirit Halloween will trade jack o’ lanterns for candy canes after Oct. 31 with plans to operate 10 Spirit Christmas stores in New York, New Jersey, Connecticut, Massachusetts and Pennsylvania. But before that, the seasonal retailer will offer same-day delivery from 800+ of its Halloween stores this season via a partnership with crowdsourced delivery provider Roadie , leveraging a direct integration between the retailer’s online store and the Roadie platform.
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.
Inside Retail
OCTOBER 7, 2024
Richemont has agreed to sell its Yoox Net-a-Porter (YNAP) business to MYT Netherlands Parent BV, parent of luxury e-commerce platform MyTheresa , in exchange for a stake in the new entity. As part of the deal, Richemont will sell YNAP with a cash position of €555 million (US$609 million) and no financial debt. In return, MyTheresa will issue shares to Richemont, representing 33 per cent of its fully diluted share capital.
Retail Dive
OCTOBER 7, 2024
The segment is undergoing a quiet shakeup in 2024, with major players pursuing varying degrees of change to their operations.
Retail Wire
OCTOBER 8, 2024
TGI Fridays wasn't a hit in Britain.
Retail TouchPoints
OCTOBER 9, 2024
The introduction of Apple Intelligence aims to set a new standard in AI by integrating powerful generative models with personal context into Apple products. This tool is paving the way for smarter, more intuitive interactions across Apple’s platforms. For retailers, this shift presents both opportunities and challenges, particularly in the realm of content creation and management.
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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.
Inside Retail
OCTOBER 5, 2024
Just one year ago, supermarket rivals Coles and Woolworths were fighting it out for the top spot as Australia’s most trusted brand. Fast forward to today, Woolworths is the fourth and Coles is the fifth most distrusted brand in the country. According to Roy Morgan’s latest quarterly rankings, Woolworths was the biggest loser, sliding 194 places to be the fifth most distrusted brand in the June quarter – almost mirroring the slide taken by rival Coles in the previous March quarter.
Retail Dive
OCTOBER 11, 2024
The Denver-based retailer filed for Chapter 11 bankruptcy in May and intended to restructure. That plan fell through, CEO Mike Fogarty said Monday.
Retail Wire
OCTOBER 10, 2024
Wendy's latest promotion celebrates SpongeBob SquarePants' anniversary.
Retail TouchPoints
OCTOBER 7, 2024
Most (if not all) marketing and ecommerce leaders know that video is a critical component of any content strategy. After all, retailers using video in product detail pages (PDPs) can see conversions increase by up to 80% , and mobile shoppers specifically will spend 88% more time on websites when they’re engaging with video. However, interactive video can drive even more value for brands and retailers, allowing them to incorporate clickable elements into their content, such as links to quizzes,
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Inside Retail
OCTOBER 9, 2024
Guzman Y Gomez says it has witnessed significant sales growth in the first first quarter amid improved performance across all markets – except in the US. The Mexican-themed fast food chain booked network sales of $278.8 million in the quarter ended September 30, up 20.7 per cent from a year ago. This comes as sales grew 21.1 per cent to $260.2 million in Australia and by 19.3 per cent to $13.6 million in Singapore.
Retail Dive
OCTOBER 11, 2024
The retailer also aims to generate $520 million through sale-leasebacks of an undisclosed number of stores as its parent company slashes its profit forecast and spins off non-core segments.
Retail Wire
OCTOBER 11, 2024
Dunkin' didn't go over well with the Dutch market.
Retail TouchPoints
OCTOBER 10, 2024
Ulta Beauty has launched two new digital experiences in recognition of Mental Health Day: an online digital community and a content-rich platform designed to support The Joy Project , the retailer’s initiative to “make beauty a force of good for all.” The Ulta Beauty Community will serve as an inclusive digital space where beauty enthusiasts, employees, loyal customers and others can share their personal beauty routines, tips and personal stories, while also gaining access to exclusive content f
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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