Retail TouchPoints
JULY 3, 2024
Image courtesy Bealls The Bealls store in Roswell, N.M. is celebrating that town’s famed relationship with UFOs and all things extraterrestrial with the installation of immersive space alien artwork, just in time for Roswell’s annual UFO festival. The move is part of a larger localization effort on the part of Bealls to bring regional flavor to its stores.
Retail Focus
JULY 3, 2024
Ghalia BOUSTANI. Expert Manager at Univers Retail | Published author | Visiting lecturer. The new luxury paradigm The concept of luxury, which has traditionally been associated with exclusivity, high quality, and frequently a high price point, is now intertwined with the principles of sustainability and the circular economy. The luxury industry is being reshaped by this intersection, which is a significant evolution in its values and practices.
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Inside Retail
JUNE 30, 2024
From acquiring an engagement ring to buying a wedding dress, few life events are as rife with retail opportunities as planning and hosting a wedding. Last year, the average wedding cost around US$38,000. In 2019, that number was US$28,000, reports The Knot, a global technology company that provides content, tools, products and services for couples planning weddings.
Retail Wire
JULY 2, 2024
With nearly 70 years of history, Bob's Stores has been a beloved fixture in local communities, offering affordable apparel and footwear. Despite its strong community ties, financial struggles have necessitated the liquidation of the company.
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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
JULY 1, 2024
JD Sports COO Sherilyn Paterson is to leave the retailer after a 12 year stint at the sportswear giant, Retail Gazette has learnt. Paterson, who was promoted to chief operating officer last year, is understood to be stepping down for personal reasons. During her 12 year tenure, she has held roles including merchandising director and group operations director, before taking the COO post.
Retail TouchPoints
JULY 5, 2024
Marking the culmination of nearly seven years of on-again, off-again negotiations, HBC , parent company of Saks Fifth Avenue and Bergdorf Goodman , will acquire another storied luxury department store brand, Neiman Marcus , for $2.65 billion. Amazon will be an investor in the newly formed Saks Global , which also will include the Saks Off 5 th brand.
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail Wire
JULY 2, 2024
California's largest insurer, State Farm, has issued a stark ultimatum to the California's Department of Insurance: approve significant rate hikes for home insurance or face the company's exit from the market.
Retail Focus
JULY 2, 2024
rpa: group has helped deliver a pop-up for iconic swim and resort wear brand, Heidi Klein, in time to offer summer luxury to women for the holiday season. Heidi Klein was established in 2002 by Heidi Gosman and Penny Klein. Their beautifully crafted and timeless swim and resort wear, is renowned for its quality and understated style, that is designed to last and to make women feel both supported and beautiful.
Retail TouchPoints
JULY 1, 2024
Citing feedback from its predominantly rural customer base, Tractor Supply will eliminate all DEI (diversity, equity and inclusion) roles, withdraw its carbon emission goals and stop support for “nonbusiness” LGBTQ+ and voter registration causes. The 2,250 -store retailer will refocus its charitable efforts on veterans, emergency response, animal shelters and farmers’ markets. “ Going forward, we will ensure our activities and giving tie directly to our business ,” according to a company stateme
Inside Retail
JUNE 30, 2024
Piccolo Me has appointed David Ciantar as its new group general manager, effective 7 July, 2024. Ciantar moves to the cafe chain with more than 30 years of franchising and senior management experience. He has held senior key roles at McDonald’s Australia, Pizza Hut, Gloria Jeans Coffees, Telstra, Pirtek, Aramex, and Anytime Fitness. Most recently Ciantar was a senior executive at consultancy firm Franchise Ready.
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Retail Wire
JULY 4, 2024
In a significant move within the retail industry, Hudson’s Bay Co., the owner of Saks Fifth Avenue, is reportedly close to finalizing a $2.65 billion acquisition of Neiman Marcus Group.
Retail Focus
JULY 5, 2024
Creating a beautiful and functional garden involves more than just planting flowers and trimming hedges. To truly transform your outdoor space, you need to incorporate various elements that enhance its aesthetic appeal and usability. While you might already have a seating area, you might still be lacking in accessories to bring a little warmth to the space or perhaps the opposite?
Retail TouchPoints
JULY 5, 2024
Athletic retailer WSS , which is owned by Foot Locker , will deploy the Aptos One mobile POS solution across its more than 100 U.S. stores. The retailer hopes to enhance the in-store experience and reduce hardware requirements as it actively expands its store footprint. “Building authentic relationships with our customers is core to who we are at WSS,” said Sarah Derba, Senior Director for Information Technology at WSS in a statement.
Inside Retail
JULY 1, 2024
Every year, the Plastic Free July campaign asks us to refuse single-use plastic. The idea is that making a small change in our daily lives will collectively make a big difference. And hopefully, better behaviour will stick and become a habit. The intent is good, but consumers shouldn’t have to bear full responsibility for plastic pollution. Individual sacrifices – particularly temporary ones – won’t make a significant difference.
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 Wire
JULY 1, 2024
In May, iPhone shipments in China experienced a dramatic 40% increase, according to recent data from the China Academy of Information and Communications Technology.
Retail Dive
JULY 3, 2024
John Boyd, president of the National Black Farmers Association, a Tractor Supply shareholder and fourth-generation farmer, said he has tried to reach out to the company’s top executive.
Retail TouchPoints
JULY 5, 2024
In today’s digital-first marketplace, consumer expectations for flawless shopping experiences, whether in-store or online, have reached unprecedented heights and are putting pressure on retailers to provide an “always on” business model. The Impact of Technical Disruptions on Retail A vivid illustration of the vulnerability of retail operations to technical disruptions occurred recently in the UK.
Inside Retail
JULY 2, 2024
Booktopia has been placed in voluntary administration, with its administrators exploring options for selling and/or recapitalising the business. The book retailer has appointed McGrathNicol Restructuring partners Keith Crawford, Matthew Caddy and Damien Pasfield as voluntary administrators, who issued a statement saying they are undertaking “an urgent assessment” of the company’s trading position.
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 Wire
JULY 4, 2024
As Google intensifies its integration of AI into its core products, a significant environmental issue has surfaced: the systems required to power its AI tools have substantially increased the company’s greenhouse gas emissions.
Retail Gazette
JUNE 30, 2024
Shein is planning to source its clothes for its European market in Turkey as it looks to reduce criticism about its supply chain. The fast fashion giant is understood to be looking at using suppliers that are closer to its main markets after receiving a backlash amid its plans for a £50bn floatation on the London Stock Exchange, This is Money reported.
Retail TouchPoints
JULY 2, 2024
Ingka Investments — the investments arm of Ingka Group , which owns the majority of Ikea stores worldwide — has invested in a new retail office tower being built on New York City’s iconic Fifth Avenue. Rendering of 570 Fifth Avenue, which will feature an office tower and ground-level Ikea. (Photo credit: KPF) Located at the intersection of the Plaza and Grand Central Districts, 570 Fifth Avenue will be a 1,000,000 -square-foot mixed-use commercial building and marks the largest development
Inside Retail
JULY 1, 2024
Retail NZ, together with online social media platform TikTok, has launched an initiative to entice youth into retail careers. The campaign, 7 Jobs in 7 Days, will feature social media influencers interviewing young retail leaders, showcasing various career pathways in the sector. Each will share their stories, career growth, and aspects of their jobs.
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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 Wire
JULY 2, 2024
In a unanimous decision, the Federal Trade Commission (FTC) has moved to block the $4 billion merger between mattress maker Tempur Sealy and Mattress Firm, the largest bedding retailer in the United States.
Retail Gazette
JULY 4, 2024
Fortnum & Mason has unveiled a new subscription delivery service as it looks to “bring unbridled Fortnum’s joy into peoples homes” Fortnum’s Dispatch, available from today (July 4), offers three subscriptions for top ups of the retailer’s biscuits, loose leaf teas and jam. The Tea Post – which costs £100 annually– offers customers a year’s supply of monthly refills of a choice of Fortnum’s tea blends.
Retail TouchPoints
JULY 2, 2024
There’s no denying that the subscription economy is booming. In fact, the financial services firm UBS projects that the market will hit $1.5 trillion by 2025. Yet despite that robust figure, there is a looming challenge for merchants — chargebacks. So what exactly are chargebacks? Chargebacks occur when funds are withdrawn from a merchant’s account due to a customer dispute.
Inside Retail
JULY 4, 2024
Spanish fashion label Desigual is returning Down Under, partnering with The Iconic to launch its spring-summer collection. The brand said the move is a step towards building a presence in Australia and New Zealand. Desigual first entered Australia in 2014 with a flagship store in Melbourne through a licensing agreement with Edwards Imports. Janine Edwards, head of Edwards Imports, said at the time that her company planned to open a Desigual store in every Australian state, with Sydney to be the
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Retail Wire
JULY 5, 2024
Samsung Electronics has reached a three-year high in its share value, driven by a robust forecast for its second-quarter profits following a surge in global demand for advanced computer chips.
Retail Gazette
JULY 2, 2024
Frasers Group has acquired Frenchgate Shopping Centre in Doncaster as it continues to grow its real estate portfolio. The 770,000sq ft shopping centre is located within the town centre, welcoming over 16m customers a year, and houses retailers such as Next, H&M and TK Maxx. Frasers said the deal provides an opportunity to more than triple the size of its Sports Direct shop to over 35,000sq ft and introduce more of its brands – USC, Game and Evans Cycles – into the store.
Retail TouchPoints
JULY 2, 2024
JCPenney and Rare Beauty Brands have created the Lift Beauty Accelerator , a brand incubation initiative aimed at beauty brand founders from underrepresented backgrounds. The program will award $10,000 grants, retail distribution and mentorship with retail executives to five early-stage beauty brands founded by Black and Brown female-identifying leaders.
Inside Retail
JULY 3, 2024
Australian retail sales slightly rose year over year in May as shoppers took advantage of early end-of-financial-year (EOFY) promotions and sales events. Australian Bureau of Statistics (ABS) data showed that retail sales totaled $35.94 billion during the month. “Retail businesses continue to rely on discounting and sales events to stimulate discretionary spending, following restrained spending in recent months,” said Robert Ewing, ABS head of business statistics.
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