Retail Wire
AUGUST 7, 2024
Walmart introduced the virtual shopping platform Walmart Realm in May. Now, it has improved the immersive experience to help college students find the decor, clothing, and essentials of their dreams.
Inside Retail
AUGUST 7, 2024
CashRewards’ acquisition of Little Birdie this week reflects the growing importance of artificial intelligence (AI) as a competitive factor in retail. Little Birdie is an AI-powered price-comparison shopping platform that launched in 2021, with $30 million in funding from the Commonwealth Bank of Australia, before suspending operations in May. Cashback platform CashRewards said it will relaunch Little Birdie as soon as September and definitely before the busy Black Friday trading period, and it
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Retail TouchPoints
AUGUST 6, 2024
Roblox has partnered with Warner Bros. Motion Picture Group on a new experience to promote the release of Beetlejuice Beetlejuice , the long-awaited sequel to the 80s cult classic film. [Beetlejuice] Escape the Afterlife will feature key scenes and characters from the upcoming film as well as a virtual Fandango box office where eligible users can purchase movie tickets — the latest step in Roblox’s much larger commerce ambitions.
Retail Focus
AUGUST 8, 2024
The Mercers’ Company has announced a flurry of leasing activity in Covent Garden , with leading fashion and beauty brands, Nobody’s Child, SpaceNK, Whisltes, and Lipault, committing to over 11,200 sq ft of prime retail space on Long Acre and Neal Street. Responsible womenswear brand, Nobody’s Child, has selected 3 Neal Street to house its new London flagship.
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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 Wire
AUGUST 5, 2024
Wendy's didn't reach its Q2 earnings expectations, and the company is hoping that its breakfast strategy will turn the proverbial ship around.
Inside Retail
AUGUST 6, 2024
Mosaic Brands has confirmed it is considering the applicability of safe harbour provisions amid operational issues adversely affecting its trade. Mosaic Brands’ confirmation came in a stockmarket filing and follows a report in The Australian Financial Review that the company had entered a safe harbour. Safe harbour provisions protect directors from personal liability for insolvent trading while pursuing turnaround options for their companies.
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Retail Focus
AUGUST 9, 2024
What You Need to Know About Working with a Global AV Partner Being able to conquer the biggest, most complex audiovisual (AV) projects requires expertise that comes from dealing with diverse experiences. The type of diverse experiences that only happen when a partner works across numerous partners and geographies. Simply put, there are significant advantages to working with an organisation like Lead Consultancy that can seamlessly scale its abilities to meet a project’s demands.
Retail Wire
AUGUST 3, 2024
In the wake of the CrowdStrike update that caused operating issues for numerous companies, Delta Airlines experienced significant disruptions and suffered a temporary halt in flights while systems were offline.
Inside Retail
AUGUST 4, 2024
Amazon.com reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down nearly 8 per cent. The after-hours stock drop came despite second-quarter profit and cloud computing sales that beat analyst estimates. Amazon shares had gained over 20 per cent this year through the session close on Thursday, and investors were disappointed that the company forecast current-quarter sales below Wall Street estimates
Retail TouchPoints
AUGUST 8, 2024
Macy’s has partnered with Rokt to provide shoppers with post-purchase offers via non-endemic ads delivered during the checkout and transaction experience. The partnership, which initially launched in summer 2023, uses the Rokt ecommerce network’s AI and machine learning capabilities to leverage intelligence informed by more than 5 billion transactions across hundreds of businesses.
Speaker: Amanda Adams, Fractional CFO, CPA
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Retail Focus
AUGUST 8, 2024
The biggest ever outdoor store in Europe will be opening on 23rd August 2024. The brand new GO York store will officially open at Vangarde Shopping Park, with a grand opening weekend on 7th and 8th September. The store will officially be opened by GO Outdoors brand ambassador and TV star Helen Skelton, and celebrations will last all weekend. With demonstrations from brands such as Weber and Campingaz and the opportunity to meet with brand experts from Garmin, Adidas Terrex, Hunter, Montane, The
Retail Wire
AUGUST 5, 2024
In the aftermath of the software outage, CrowdStrike claimed that "Delta Air Lines had rejected on-site help," according to CNBC. The software company also denied responsibility for the widespread flight cancellations.
Inside Retail
AUGUST 7, 2024
Myer has flagged a drop in profit for this fiscal year, largely due to underperformance at its three specialty brands amid macroeconomic challenges. The department store chain expects net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year. The company attributed this to the underperforming Sass & Bide, Marcs and David Lawrence labels amid a weak trading environment and additional discounting.
Retail TouchPoints
AUGUST 6, 2024
Aldi will roll out Instacart Connected Stores solutions across all Aldi South Group locations in the U.S., including the delivery service’s in-store mode for its app; “Carrot Tags” with pick-to-light capabilities; and more streamlined pickup fulfillment technology. Aldi began working with Instacart in 2017 and in June 2023 debuted Aldi Express, a virtual convenience store offering nearly 2,000 of its most-shopped items for delivery.
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.
Retail Focus
AUGUST 8, 2024
Shaftesbury Capital has announced the opening of The EL&N Deli & Bakery, a brand new concept from the globally renowned café, EL&N. Located in Covent Garden’s heritage-listed Market Building, the launch marks the creation of EL&N’s first-ever sub-brand, reinforcing Covent Garden’s status as an iconic London destination for world-renowned brands to open new concepts.
Retail Wire
AUGUST 8, 2024
Ace Hardware has recently announced a strategic partnership with VusionGroup to start utilizing advanced digital shelf label (DSL) technology across its stores, with goals to enhance both operational efficiency and customer service.
Inside Retail
AUGUST 7, 2024
Columbia Sportswear will open its second premium Australian flagship store in Sydney’s CBD on August 17. The store will be located at the corner of Park and George Street and will feature exclusive events, special releases, limited edition capsules, premium collections and everyday wear. The sportswear retailer has a flagship store in Melbourne CBD. “The first of its kind in the world, this flagship store will showcase custom ceiling logo lights, a Heritage Wall showcasing our histor
Retail TouchPoints
AUGUST 9, 2024
“Generative AI” has been a key phrase in PR and media for the past 18 months. However, a panel of venture capital (VC) and tech investors revealed during the Retail Innovation Conference & Expo this past June that they’re taking a more long-term view of AI. They’re focusing less on mind-bending consumer-facing experiences , like those found while using platforms like ChatGPT or DALL-E , and more on tangible business uses cases that drive concrete results.
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
AUGUST 8, 2024
Evolve Estates , part of commercial property and investment collective M Core, has announced the arrival of two new tenants at The Grosvenor Centre in Northampton. Leading fashion retailer H&M has exchanged on a substantial 29,160 sq ft unit on The Parade at the prominent retail and leisure destination. Adding to the existing diverse tenant mix, new coffee shop, Bewiched, is now open to customers in a 4,359 sq ft unit on Newland Walk.
Retail Wire
AUGUST 6, 2024
Airbnb has just reported its Q2 2024 financial performance. Overall, their revenue is rising 11% year-over-year to $2.75 billion, fueled by increased Nights and Experiences Booked and a slight boost in Average Daily Rate (ADR).
Inside Retail
AUGUST 8, 2024
Furniture retailer Nick Scali’s net profit plunged 20.3 per cent year over year to $80.6 million in the 12 months ended June 30. Revenue fell 7.8 per cent to $468.2 million, which Nick Scali said reflects the previous year benefiting from increased deliveries with lead times returning to pre-Covid levels. The group’s written sales orders totalled $454.2 million, which includes Fabb Furniture UK’s written sales orders of $6.8 million.
Retail TouchPoints
AUGUST 9, 2024
On April 20, 2024, the New York State legislature passed its annual budget measure for fiscal year 2025, which addresses multiple priorities and enacts key proposals from Governor Kathy Hochul. Of significance to New York business owners, workers and consumers, the measure includes a new Retail Security Tax Credit , which for tax years 2024 and 2025 will provide assistance to businesses for investing in necessary equipment to protect their employees and merchandise.
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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.
Retail Focus
AUGUST 8, 2024
Bodycare, a leading health and beauty retailer with over 130 stores across the UK, has chosen TRILUX lighting solutions as part of its ongoing store improvement programme. Bodycare, renowned for its competitive prices and quality brands, faced the challenge of upgrading its store lighting to create a vibrant shopping atmosphere while keeping costs down and ensuring a speedy installation process.
Retail Wire
AUGUST 6, 2024
Under Armour has appointed Eric Liedtke as executive vice president of brand strategy, following the acquisition of UNLESS COLLECTIVE, a zero-plastic fashion brand.
Inside Retail
AUGUST 6, 2024
The face and hands behind Alana Maria Jewellery is Alana Ellis, a 26-year-old from Sydney’s Northern Beaches who has nurtured a passion for jewellery design since primary school, when she began selling beaded bracelets to her peers. In high school, Ellis experimented with the raw materials and dainty designs the brand is known for today. In 2022, she became Westfield Bondi Junction’s youngest leaseholder and navigating the agreements for her three stores has taught her a lot about holding her ow
Retail TouchPoints
AUGUST 8, 2024
Heritage luxury department store Bloomingdale’s is staking a claim in the resale market by partnering with luxury resale platform Rebag. The companies have collaborated on a “meticulously curated selection” of more than 3,000 pre-loved designer handbags, watches and fine jewelry. While more than 2,500 of these items will be for sale on Bloomingdales.com, the remaining goods will be featured (and for sale) in five Bloomingdale’s stores nationwide.
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Retail Gazette
AUGUST 5, 2024
Last week, beauty brand P.Louise broke the UK record for the most revenue generated on TikTok Shop by a brand, as it made £1.5m in just 12 hours. The makeup brand is not alone in turning to the social network to sell products. Retailers including Asos, Zara, THG’s LookFantastic and even WHSmith have signed up to TikTok Shop – a shopping function that allows users to purchase directly through the popular app.
Retail Wire
AUGUST 9, 2024
After facing a 48% drop in net profit for the first half 2024, Stellantis is planning to lay off up to 2,450 U.S. plant workers in Warren, Michigan, later this year.
Inside Retail
AUGUST 5, 2024
Retailers have welcomed the Reserve Bank of Australia’s decision to keep the cash rates at 4.35 per cent amid higher costs of doing business. “Whilst there is no immediate relief in sight, today’s announcement will help keep consumer and business confidence steady,” said Paul Zahra, CEO of the Australian Retailers Association (ARA) said. “We’ve seen extraordinary resilience from our retail community in recent years.
Retail TouchPoints
AUGUST 9, 2024
American Eagle Outfitters, Inc. (AEO) has awarded more than $1 billion in higher education scholarships through its Steven A. Davis Scholarship for Social Justice. The scholarship program was founded in 2021 to advance educational opportunities for AEO associates who are actively driving anti-racism, equality and social justice initiatives. The company committed $5 million and, to date, it has provided financial support to 64 associates, including the 19 new recipients selected for 2024.
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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