Retail Dive
OCTOBER 15, 2024
While online shopping is returning to pre-pandemic behaviors, there is a generational divide between those who shop on computers versus mobile devices, according to Experian.
Retail TouchPoints
OCTOBER 14, 2024
As social media and digital connectivity continue to shape consumer behavior, especially among younger generations, brands are increasingly focusing on how to leverage fandoms and community to connect with young shoppers. (From left to right) Palmar Haasch of Business Insider moderates a session with Webtoon Entertainment’s Alessandra Ferreri, Chris Mathieu and Megan Weales at Advertising Week NY.
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Retail Wire
OCTOBER 12, 2024
7-Eleven has recently released its financial reports for the most recent quarter, and in a surprise move, has decided to close hundreds of its store locations in North America.
Inside Retail
OCTOBER 13, 2024
Foot Locker will launch its first reimagined concept store in Australia at Melbourne Central this Friday. The store will feature Foot Locker’s ‘Home Court’ experience, a multi-brand destination developed in partnership with Nike and Jordan. Its product offer will include on-court and off-court items from Nike, Jordan, Adidas, Puma, New Balance, and Under Armour.
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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 Gazette
OCTOBER 18, 2024
UK retail sales rose in September, beating expectations, driven by strong demand for new technology, although overall sales growth slowed, fresh data showed. Technology and telecommunication retailers saw sales surge by more than a third, buoyed by new product launches, including Apple’s new iPhone 16, which helped partially offset a 2.4% decrease in supermarkets.
Retail TouchPoints
OCTOBER 17, 2024
According to Cognizant’s recent study with Oxford Economics, generative AI is expected to have a $1 trillion impact on the economy by 2032. In particular, generative AI is revolutionizing the shopping landscape to create more personalized and memorable experiences for consumers. As retailers come to terms with the boundless potential of generative AI, Cognizant has identified three key areas where this technology will make the most significant and immediate impact: commerce, marketing and custom
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Inside Retail
OCTOBER 17, 2024
The Federal Court has ruled that Harvey Norman, along with Latitude Finance Australia, made false and misleading financial claims in a national advertising campaign. The campaign, which ran from January 2020 to August 2021, was for a 60-month interest-free and no-deposit payment method. Customers were required to take out a credit card, such as the Latitude Go Mastercard, to purchase goods.
Retail Gazette
OCTOBER 13, 2024
The value of Selfridges’ property portfolio was cut by over half a billion pounds last year, according to accounts from the luxury retailer’s property holding company. The accounts show valuers have cut the valuation of its £3.1bn property assets – which include its Oxford Street flagship in London – by £638.6m, a 20.6% drop. Over £1.7bn in loans, maturing in August 2025, are secured against Selfridges’ freehold property, The Sunday Times reported.
Retail TouchPoints
OCTOBER 16, 2024
Artificial intelligence is rapidly transforming how retailers set prices, sparking public debate and drawing regulatory attention. The Federal Trade Commission’s recent announcement of an inquiry into “surveillance pricing”—the use of personal shopper data for individualized pricing—has intensified scrutiny of AI-driven pricing practices.
Retail Wire
OCTOBER 17, 2024
Amazon has signed agreements to advance nuclear energy projects as part of its strategy to meet rising energy demands and transition to carbon-free power.
Speaker: Amanda Adams, Fractional CFO, CPA
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Inside Retail
OCTOBER 16, 2024
The Victorian hole-in-the-wall coffee shop Coffee Treat has launched into franchising, with plans to extend into country towns. Director Chelsea Hayward told Franchise Executives , “I’ve heard so many times people say they can’t get a decent coffee in the country. So by franchising, I aim to make it accessible to country people. They haven’t had a lot of variety in small country towns.
Retail Gazette
OCTOBER 18, 2024
The Very Group submitted a takeover proposal for N Brown shortly before the Simply Be and Jacamo owner accepted a deal from a member of its founding family. The online department store is understood to have made a preliminary approach to buy the listed ecommerce group several weeks ago, Sky News reported. Sources said the offer was below the 40p per share bid that N Brown non-executive Joshua Alliance put forward this week.
Retail TouchPoints
OCTOBER 18, 2024
Fraud has plagued retailers for quite some time, but the issue is now getting its time in the spotlight due to the increased use of AI within the industry, as well as consumers’ general awareness of the trend. In fact, a recent survey found that 87% of consumers are concerned about identity theft or fraud – a 24% increase from 2023 findings, when only 63% of consumers reported feeling this same type of concern.
Retail Wire
OCTOBER 12, 2024
Tesla CEO Elon Musk unveiled the highly anticipated "Cybercab" during a presentation on October 10, 2024, announcing that production is set to begin in 2026, with an expected price point of under $30,000.
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 16, 2024
Italian luxury group Prada and Houston-based startup Axiom Space unveiled on Wednesday the design of a spacesuit that will be used for NASA’s Artemis 3 mission to the moon that is planned for 2026. In its outward appearance, the spacesuit does not stray too far from what astronauts have worn in the past. It is the familiar bulky white suit, with added red trim and grey patches on the knees and elbows.
Retail Gazette
OCTOBER 17, 2024
Sainsbury’s is piloting larger self-checkout tills as a replacement for human cashiers, following its CEO’s remarks about the need to make stores “more efficient” The grocery giant said it would test new hybrid self-checkouts featuring conveyor belts for customers to place their items on, as well as designated areas for bagging purchases, although shoppers will still need to scan their own items.
Retail TouchPoints
OCTOBER 18, 2024
The David’s Bridal Diamond Loyalty program already boasts nearly 3 million members, and now the retailer is broadening its appeal to the entire wedding party — even the flower girl. Wedding party members now can access two new reward tiers with lower threshold levels to earn perks when reaching 1,000 and 2,999 points. Members earn one point for each $1 spent.
Retail Wire
OCTOBER 15, 2024
Walgreens has reported earnings above analysts' expectations, but the company is moving forward with previously announced store closings.
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
Inside Retail
OCTOBER 15, 2024
Discount variety retailer The Reject Shop plans to open more stores this year to support sales growth and increase profitability. In a trading update, the company said it is targeting to open 15-20 new stores in FY25. The chain currently has 386 stores nationwide, having opened 67 new stores and closed 35 underperforming ones since June 2020. According to chairman Steven Fisher, the discount variety sector presents a significant opportunity for growth over the medium to long term.
Retail Gazette
OCTOBER 16, 2024
Tesco has signed a deal to acquire enough solar energy to power 144 of its large stores, purchasing almost two-thirds of the electricity generated by the Cleve Hill solar park in Kent. The £450m solar park, developed by Quinbrook Infrastructure Partners on farmland near Faversham, will provide Tesco with up to 10% of its UK electricity needs over the next 15 years, generating enough renewable energy to power the stores for a year.
Retail TouchPoints
OCTOBER 17, 2024
Zenni Optical and Eyebot will deploy 10 Eyebot S1 kiosks, which provide rapid vision tests that take just 90 seconds , in high foot traffic locations to increase accessibility to eye care — particularly for those that face barriers to obtaining in-person vision tests. The first two kiosks are located at Boston-area malls; eight more will be deployed throughout New England in the coming weeks and into 2025.
Retail Wire
OCTOBER 15, 2024
Costco has introduced a new product that mirrors the popular Spicy Chicken Sandwich from Chick-fil-A as a way to offer a budget-friendly alternative.
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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.
Inside Retail
OCTOBER 14, 2024
South Korean luxury eyewear brand Gentle Monster has opened its first flagship boutique in Australia, in collaboration with omnichannel brand distributor Bluebell Group. Located at Chadstone Shopping Centre in Melbourne, the 250sqm flagship offers Gentle Monster’s full range of product and experience to Australian consumers. The store features giant head kinetic objects highlighting the brand’s compelling visual narratives.
Retail Gazette
OCTOBER 17, 2024
N Brown is set to be taken private by the Alliance family, which helped build the home shopping group, after they made a recommended £191m offer for the business. Joshua Alliance, who is a non-executive director of N Brown, made an offer at 40p per share through the acquisition vehicle Falcon 24 Topco, which represents a premium on the Simply Be and Jacamo owner’s last closing price of 27p and an average price of less than 20p over the past year.
Retail TouchPoints
OCTOBER 17, 2024
Foot Locker is driving home is connection to sport culture with a series of new initiatives, including the debut of a platform to scale its creator marketing efforts and a multi-year partnership with the Chicago Bulls that will include events, in-store activations and behind-the-scenes content. Leveraging Creators to Connect with Sneakerheads In partnership with Impact.com , Foot Locker has launched Foot Locker Storefronts , a platform that helps connect qualified creators with the retailer in o
Retail Wire
OCTOBER 12, 2024
Kelly Ortberg, President and CEO of Boeing, communicated to employees about the significant challenges the company is currently facing.
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Inside Retail
OCTOBER 17, 2024
BP has unveiled its renovation at Caboolture North, its largest service station in Australia, with the goal of providing better experiences for drivers. Caboolture North’s renovation is part of BP’s national effort to refurbish more than 400 company-owned sites across Australia. The project demonstrates the style and design of refurbishments to come.
Retail Dive
OCTOBER 15, 2024
The drugstore retailer’s plans reverse its expansion ambitions from a few years ago, when the company attempted to merge with rival Rite Aid.
Retail TouchPoints
OCTOBER 18, 2024
A little over a year after being acquired out of bankruptcy and reopening 11 physical stores, BuyBuy Baby has announced plans to become a digital-first brand and close all its brick-and-mortar locations by the end of this year, according to the retailer’s website. The brand was bought by baby care brand Dream on Me in July 2023 as part of the larger bankruptcy proceedings for then-parent company Bed Bath & Beyond.
Retail Wire
OCTOBER 14, 2024
KFC is launching a new line of Original Recipe Tenders, marking its latest move in the competitive fast-food landscape.
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
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