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 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
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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.
Retail Wire
OCTOBER 10, 2024
Krispy Kreme has announced an exciting promotion to commemorate the launch of its donuts at McDonald's locations in the Chicago area, starting October 15. As part of this initiative, the donut chain is offering a free Original Glazed donut to anyone who brings in and shows a McDonald's receipt between October 10 and 14 at participating Krispy Kreme shops across the country.
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.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
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 10, 2024
Starting Oct. 31, Taco Bell will launch the Chicken Al Pastor Street Chalupas in select locations — but only in Minneapolis for the time being.
Inside Retail
OCTOBER 7, 2024
Furniture and homewares retailer Freedom is reportedly being prepared for sale, for the third time since 2019. The company’s CEO Blaine Callard will lead the preparation for the sale process, which is expected to start later this year or early next year, the Australian Financial Review reported, citing sources with knowledge of the matter. The business is expected to be pitched as turning over $400 million and $10 million EBITDA.
Retail TouchPoints
OCTOBER 11, 2024
CPG brands have been trying a lot of new things to connect directly with their consumers, including DTC websites and retailer-agnostic loyalty programs , but Frito-Lay has pulled a new one out of the bag: a Doritos -themed restaurant. Image courtesy Frito-Lay The Doritos After Dark restaurant is a “new bold culinary experience,” now open at the Crypto.com Arena in Los Angeles.
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
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 9, 2024
Chick-fil-A is rumored to be bringing back two beloved menu items next month, that’s starting to create a buzz among fans of the fast-food retail chain.
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 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.
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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.
National Retail Solutions
OCTOBER 8, 2024
Modern payment technologies like EMV chips, contactless options, and mobile apps are transforming gas station security, reducing fraud, and ensuring safer, faster transactions for customers and businesses alike. The post Gas Station Payment Security: Best Practices for a Safer Experience appeared first on National Retail Solutions.
Retail Wire
OCTOBER 5, 2024
Red Lobster suffered tremendously for its famous $20 Endless Shrimp promotion that is considered a major factor in the company's near-extinction.
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 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.
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
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 6, 2024
McLaren has unveiled the W1, a car that encapsulates the brand's supercar philosophy while celebrating the 50th anniversary of its first Formula 1 World Championship victory.
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 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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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.
Retail Gazette
OCTOBER 8, 2024
Tesco and Sainsbury’s both increased market share this month as Asda’s hold on the grocery sector continues to falter. Britain’s biggest supermarket Tesco achieved its largest share since December 2017, upping it from 27.4% to 28% as sales rose 5.2% in the 12 weeks to 29 September. Sainsbury’s stepped up its market share by 0.4 percentage points to 15.2% after sales increased 5.1%.
Retail Wire
OCTOBER 7, 2024
The Food and Drug Administration has updated an egg recall linked to Salmonella to Class 1 due to the chance of fatality.
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 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.
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.
Retail Gazette
OCTOBER 7, 2024
The Very Group is set to enlist Barclays, JP Morgan, and Morgan Stanley to manage a strategic review that could potentially mark the end of the Barclay family’s long-standing ownership of the ecommerce giant. According to Sky News, the investment banks, whose appointments are likely to be confirmed within days, will kickstart a full or partial auction of The Very Group.
Retail Wire
OCTOBER 7, 2024
Those impacted by Hurricane Helene will have resources available to begin rebuilding their lives thanks to Walmart and Dolly Parton.
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 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
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