Retail Focus

AUGUST 20, 2024

Partnering with a well-known retail brand can open a wide range of doors in your niche and adjacent ones. You’ll tap into their existing market presence and enhance your business credibility. But it’s not all rainbows and unicorns – successful partnerships require a clear roadmap, from initial discussions to execution. Additionally, you need a firm grasp of legal aspects, contracts, licenses, and agreements.

Finance 130

Finance Marketing Planning Consumer 130

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.

Fulfillment 289

Fulfillment Customer Experience Location Management 289

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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279

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.

Net Profit 278

Net Profit Planning ATS 278

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Customer Experience

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.

Supermarket 119

Supermarket Grocer Planning Shopping 119

Retail TouchPoints

AUGUST 23, 2024

The 2024 Verizon Data Breach Investigations Report notes that there were 725 known data breach incidents in the retail sector for the year ending in late October 2023. An estimated 369 of those resulted in confirmed data disclosure. From ‘credential stuffing’ to phishing to exploitation of vulnerabilities, cybercriminals have many options to violate consumer data privacy, disrupt store and warehousing operations and execute denial of service.

Payment Services 317

Payment Services Management Location Consumer 317

Inside Retail

AUGUST 20, 2024

Scentre Group’s fund from operations stood at $568.2 million in the first six months, up 2.1 per cent from the year-ago period. The Westfield shopping centre owner and operator’s net operating income grew 3.5 per cent to $1.01 billion while the group’s portfolio was valued at $34.3 billion. The group operates 42 Westfield destinations across Australia and New Zealand, which hosted 320 million customer visits, an increase of 1.9 per cent.

Department Stores 306

Department Stores Shopping Location Marketing 306

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.

ATS 147

ATS 147

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.

Consumer 306

Consumer Markdowns Promotions Advertising 306

Retail Wire

AUGUST 20, 2024

The new Papa John's CEO turned Wendy's proverbial ship around.

Shipping 290

Shipping 290

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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.

Net Profit 299

Net Profit Returns Planning ATS 299

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.

Location 147

Location Marketing Management Shopping 147

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

Wholesale 289

Wholesale Fulfillment Management ATS 289

Retail Wire

AUGUST 19, 2024

Popeyes has entered the fast-food wars with its latest promotion.

Promotions 289

Promotions 289

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Accounting

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”.

Location 290

Location Planning Marketing ATS 290

Retail Focus

AUGUST 20, 2024

In the wake of recent disorder across the UK, some high-street retailers and businesses are grappling with unprecedented fear and uncertainty about the safety of their premises, staff and customers. In any high-street retail context, though, there is an argument to be made that this risk always exists. However, when the current climate suggests that there could be trouble afoot at any moment, hardworking business owners are left with no choice but to rethink and enhance their security processes

Payment Services 147

Payment Services Inventory Management Planning Management 147

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

Shopping 289

Shopping Management Social Commerce Marketing 289

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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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.

Fashion

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.

Net Profit 278

Net Profit Consumer Management Accessories 278

Retail Focus

AUGUST 19, 2024

The Metrocentre Partnership has announced the submission of a planning application for the redevelopment of Metrocentre’s Green Mall entrance. The proposed scheme would represent significant investment to create new anchor units, enhance the public realm and landscaping, and revitalise one of the main gateways into the shopping centre. Designed by Leslie Jones Architecture, the proposals would bring a variety of welcoming and sustainable elements to the Green Mall entrance, such as enhanced biod

Planning 147

Planning Shopping Management Consumer 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.

Planning 278

Planning Apparel Accessories Fashion 278

Retail Wire

AUGUST 20, 2024

The FTC is challenging the proposed Kroger/Albertsons merger and wants to take a closer look.

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288

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Customer Experience

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

Specialty Retailers 277

Specialty Retailers ATS Accessories Fashion 277

Retail Dive

AUGUST 21, 2024

The offering for Fulfillment by Amazon users helps them avoid fees by simply having customers keep items, the company said.

Returns 136

Returns Fulfillment 136

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

Shopping 278

Shopping Kiosk Fulfillment Consumer 278

Retail Wire

AUGUST 22, 2024

Taco Bell is bringing back favorites like the Tostada and the Meximelt.

278

278

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Marketing

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.

Net Profit 278

Net Profit Accounting Marketing Consumer 278

Retail Dive

AUGUST 20, 2024

Three years after selling a majority stake in her shapewear brand to Blackstone, Sara Blakely has set out to innovate high heels.

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131

Retail TouchPoints

AUGUST 21, 2024

Rising costs created unprecedented challenges for grocers as dollar stores made their moves into the grocery space. A recent lapsed/lost analysis from InMarket found that grocery was the most susceptible category for losing customers to dollar stores for a national mass merchant. The “Value Wars” competition has forced both sides to adapt in order to attract and retain customers across all income levels, with dollar store chains launching higher ticket items and leaders like Walmart and Target d

Grocer 277

Grocer Merchant Services Marketing Consumer 277

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.

Shopping 278

Shopping ATS 278

Speaker: Jennifer Wright and Nick Barron

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Customer Experience