Retail TouchPoints

AUGUST 19, 2024

Ikea has embarked on the latest phase of drone adoption by rolling out an upgraded AI-powered system that will allow the drones to work efficiently alongside human workers in distribution centers. By integrating this new system into fulfillment spaces, Ikea’s operations will “run continuously,” the company shared in an announcement. Ikea initially adopted drone technology in 2021 when it partnered with AI and robotics company Verity to develop an autonomous drone solution for warehouses.

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Retail Wire

AUGUST 19, 2024

Both a soft drink and cookie will combine the tastes of Coca-Cola and OREO's iconic flavors for a limited time.

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Inside Retail

AUGUST 20, 2024

Domino’s Pizza Enterprises saw net profit decline despite higher sales during the past fiscal year. The company’s net profit fell 1.9 per cent to $120.4 million while network sales grew 4.6 per cent to $4.19 billion and online sales rose 7.5 per cent to $3.37 billion. Same-store sales growth stood at 1.5 per cent, while network store count rose 0.3 per cent to 3795.

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Net Profit Planning ATS 278

Retail Gazette

AUGUST 20, 2024

Waitrose is set to open 100 convenience stores over the next five years as part of a £1bn-plus investment in new outlets and shop refurbishments. The premium grocer is planning to open a revamped outlet in Finchley Road, north London today (21 August). This will launch a new phase of expansion with its first new store in six years, set to open in Hampton Hill, west London by the end of the year, The Guardian reported.

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Supermarket Grocer Planning Shopping 119

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 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.

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Consumer Markdowns Promotions Advertising 296

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.

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Shopping ATS 278

Retail Focus

AUGUST 21, 2024

New data shows 30-day free trials are the most effective method of paid customer conversions – almost four times (273%) more likely to convert a customer than 14-day free trials. Findings also show free trials are 28 times more effective than free products. However, despite its effectiveness, and at no cost to the business, nearly 3 in 4 ecommerce sellers didn’t use the approach in 2023.

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ATS 147

Retail TouchPoints

AUGUST 21, 2024

GU (pronounced “gee-you”), a sister brand of apparel retailer Uniqlo , will make a splashy, multi-channel entrance into the U.S. next month with the simultaneous debut of its ecommerce site and a 10,225-square-foot NYC flagship. The two -story location in the trendy SoHo neighborhood will offer men’s and women’s clothing as well as shoes, bags and accessories.

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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.

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Fashion 277

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

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Retail Focus

AUGUST 20, 2024

Hammerson has announced that PURESEOUL, the UK’s premier K-Beauty store, is to open at Bullring & Grand Central, marking the brand’s Midlands debut and only its second store outside London. Set to launch in September, this significant signing underscores Hammerson’s strategy to broaden the use and purpose of its destinations through innovative brands, market first concepts and cultural partnerships.

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Location Marketing Management Shopping 147

Retail TouchPoints

AUGUST 21, 2024

Consumers are changing how they shop and who they shop with, and now brands are taking notice. Traditionally, retail spaces have been associated with social interaction and shared experiences, serving as bustling hubs for family outings and social gatherings among friends. However, the rise of digital technology (where a customer can purchase something easily and quickly on their own), coupled with the impact of the COVID-19 pandemic, has shifted consumer expectations and needs, sparking a great

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Shopping Kiosk Fulfillment Consumer 259

Retail Wire

AUGUST 22, 2024

Zillow Group, Inc. has appointed Soumya Tulloss as the new Senior Vice President of Agent Sales. In her new role, Tulloss will be responsible for leading the company's initiatives to enhance and expand its advertising and software solutions for real estate agents.

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Advertising 264

Inside Retail

AUGUST 19, 2024

Seven & I Holdings, owner of convenience store chain 7-Eleven, has received a preliminary takeover offer from Canadian convenience store giant Alimentation Couche-Tard, parent of Circle K. The Japanese company has formed a special committee to review the proposal. A source familiar with the matter told Reuters that the talks are “at a very early stage”.

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Location Planning Marketing ATS 290

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 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.

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Checkout Supermarket ATS 128

Retail TouchPoints

AUGUST 21, 2024

Online wholesale marketplace Bulletin has launched a Shopify sales channel app, enabling merchants to more easily integrate their product listings and better manage orders to grow their brands via wholesale partnerships. [Editor’s note: Both Bulletin and Retail TouchPoints are subsidiaries of live event and media company Emerald.] Through the new integration, merchants can now bulk import their product listings from Shopify to Bulletin, and any updates made in Shopify will be automatically synce

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Wholesale Fulfillment Management ATS 255

Retail Wire

AUGUST 18, 2024

AT&T has announced that the The Communications Workers of America (CWA) has initiated a strike affecting approximately 15,000 employees in the Southeast region. The union's move comes amid ongoing negotiations, with CWA alleging unfair labor practices as their main reason for the strike.

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ATS 264

Inside Retail

AUGUST 22, 2024

Munro Footwear Group has bought specialty retailer The Trybe from The Accent Group, marking its 10th acquisition in 10 years. The Trybe has 16 stores and offers kids’ shoes from global brands such as Nike and Asics, as well as other popular on-trend and utility brands. “Having founded the brand in 2019 initially online and then opening stores, we are pleased that the business has found a new home at Munro Footwear Group for its the next phase of development,” Liam Robson, GM of

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Specialty Retailers ATS Accessories Fashion 277

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Shopping

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.

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Department Stores Accounting 126

Retail TouchPoints

AUGUST 20, 2024

In 2023, people watched over 30 billion hours of shopping related videos on YouTube , according to the company. Now the video platform is looking to extend its reach into the world of commerce even further through an expansion of its partnership with Shopify. Eligible Shopify Plus and Shopify Advanced merchants in the U.S. can now easily sign up for YouTube Shopping’s affiliate program through the “Google & YouTube” app on Shopify, enabling thousands of eligible creators to showcase those me

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Shopping Management Social Commerce Marketing 257

Retail Wire

AUGUST 19, 2024

General Motors (GM) has announced restructuring plans that will severely affect its tech campus in Detroit along with a 15-year renewable energy purchase agreement with NorthStar Clean Energy for three of its assembly plants.

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Planning 246

Inside Retail

AUGUST 21, 2024

Universal Store Holdings saw its net profit surge 45.3 per cent to $34.3 million in the last fiscal year, thanks to group sales rising 9.7 per cent to $288.5 million. The company attributed the increase to the continued growth of its Universal Store segment with second-half like-for-like sales rebounding to 6.6 per cent, ongoing rollout of the Perfect Stranger’s retail format, completion and contributions of the Cheap Thrills Cycles (CTC), and the net store count increasing to 102.

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Net Profit Consumer Management Accessories 278

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 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

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Grocer Planning Management ATS 126

Retail TouchPoints

AUGUST 21, 2024

Walmart has sold its shares in Chinese ecommerce player JD.com , ending its direct investment in the Alibaba rival after more than eight years. The relationship began when Walmart sold its China ecommerce operations to JD.com in June 2016 , taking a 5% stake in the company as part of the deal. By February 2017 , Walmart had increased its investment to 12.1% , and in August 2018 Walmart and JD.com invested $500 million in Chinese grocery delivery company Dada-JD Daojia.

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Marketing Shopping Fulfillment 252

Retail Wire

AUGUST 20, 2024

ViewSonic Corp. has announced the launch of its new XG36 Series gaming monitors, designed to elevate the gaming experience with cutting-edge performance.

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Inside Retail

AUGUST 20, 2024

Step One Clothing ‘s net profit surged in the last fiscal year, thanks to higher revenue across all its geographies and channels. The underwear retailer’s net profit soared 43.9 per cent to $12.4 million as revenue jumped 29.7 per cent to $84.5 million. During the financial year, the company focused on launching the SmoothFit women’s line to expand its women’s offerings.

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Net Profit Accounting Marketing Consumer 278

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ATS

Retail Gazette

AUGUST 19, 2024

It’s coming up to a year since The Range owner Chris Dawson snapped up the Wilko brand out of administration and set about restoring the value chain. The self-made billionaire had planned to keep the retailer online only but quickly shifted gears following a nationwide campaign for the brand to return to the high street. “I was amazed at the love for the Wilko brand…especially in the north, it was like a bloody national outcry.

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Planning Beauty and Health Returns Supermarket 124

Retail TouchPoints

AUGUST 22, 2024

What comes to mind when you think of secondhand goods? Is it pre-owned cars, vintage clothing or refurbished furniture? These items have been popular in the secondhand market for years, but now there is another consumer good taking the spotlight in the “recommerce” market: mobile phones. Recommerce, the practice of buying and selling previously owned, gently used products, has existed for centuries.

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Consumer Apparel Marketing Promotions 248

Retail Wire

AUGUST 21, 2024

Chick-fil-A is set to launch its first elevated drive-thru restaurant on Aug. 22 in McDonough, Georgia, south of metro Atlanta.

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Inside Retail

AUGUST 21, 2024

Super Retail Group achieved record sales of $3.9 billion in the last fiscal year, up 2 per cent, led by Supercheap Auto, BCF and Macpac’s performance. Supercheap Auto’s sales increased 3 per cent to $1.50 billion while BCF’s sales grew 5 per cent to $879 million. Macpac’s sales rose 3 per cent to $222 million. However, Rebel’s sales fell 1 per cent to $1.29 billion with a one-off impact of revenue deferral of $7 million relating to its new points-based club member loyalty

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Net Profit 275

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