Retail Wire
SEPTEMBER 22, 2024
Qualcomm recently approached struggling chipmaker Intel about a potential takeover, according to CNBC. However, it is still to early to tell if Intel has engaged in talks or what the terms might be. This information, confirmed by CNBC, was initially reported by the Wall Street Journal.
Retail TouchPoints
SEPTEMBER 25, 2024
For several years now, consumers’ search behavior has been trending away from generic search engines and toward platforms like Amazon and social media sites. TikTok has noted this trend on its platform, where it says 57% of users utilize its search functionality and 23% search for something within 30 seconds of opening the TikTok app. Image courtesy TikTok Now TikTok has introduced a new way for brands to capitalize on this trend, with a new Search Ads offering that will allow brands to place th
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Retail Wire
SEPTEMBER 24, 2024
Dockworkers at major U.S. ports will walk off the job next month if contract negotiations fail.
Inside Retail
SEPTEMBER 26, 2024
In the last five years, a bevy of brands including Nike, Levi’s, Crocs and Under Armour have turned their attention to their consumers as they looked to cut out the middleman. And it’s little wonder given that in the US alone, direct-to-consumer (D2C) e-commerce sales are expected to grow 16.4 per cent to reach US$197.11 billion this year. But pivoting an established brand to D2C is not without its challenges, as Nike can attest.
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365 Retail
SEPTEMBER 24, 2024
The Cotswold Company , the digitally-led premium handcrafted furniture and homeware brand, has announced the opening of its 10th UK store, located in Stamford. Founded in 1996, The Cotswold Company specialises in thoughtfully designed, carefully crafted furniture and accessories, leveraging a digital-led omni-channel model. Working alongside specialist manufacturers and using traditional woodworking techniques, the brand’s products are built to last.
Retail TouchPoints
SEPTEMBER 27, 2024
American Eagle has filed a lawsuit against Amazon , claiming the ecommerce giant has used and manipulated trademark branding for its Aerie and Offline by Aerie lines to deceive online shoppers. The retailer is seeking a tripling of its actual damages, punitive damages and demanding that Amazon cease further infringements, according to CNBC. In the lawsuit, which was filed in a Manhattan federal court earlier this week, AEO claimed Amazon participated in “flagrant, unauthorized use” of the Aerie
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Inside Retail
SEPTEMBER 22, 2024
Woolworths and Coles are facing charges from the Australian Competition and Consumer Commission (ACCC) for allegedly misleading customers about the discounted pricing of their products. The ACCC alleged that the supermarkets increased the prices of the products by 15 per cent for a brief period before being subjected to Woolworths’ ‘Prices Dropped’ and Coles’ ‘Down Down’ promotions.
Retail Gazette
SEPTEMBER 26, 2024
Pepco Group’s fourth-quarter like-for-like sales fell year on year due to ongoing supply chain disruption. For the 51 weeks ending September 22, the Poundland and Dealz owner saw total revenue rise 10%, driven by new store openings, but like-for-like dipped 3.1%. Disruption to shipping through the Suez Canal, due to attacks militants in the Red Sea , has continued through 2024. “Pepco has continued to be impacted by supply chain issues, affecting the consistent and timely availabilit
Retail TouchPoints
SEPTEMBER 24, 2024
As the CTV landscape continues on its path of rapid growth since the pandemic, with giants like Netflix launching ad tiers, players like Walmart entering the space through M&A and streamers doubling down on global expansion, new challenges and opportunities are emerging. If you’re looking to experiment and thrive in the CTV space, here are three tactics for optimizing success: Crafting the Most Effective Targeting Strategy In order to get consumers to look up from their phones during a comme
Retail Wire
SEPTEMBER 26, 2024
Carl's Jr. is honoring all who have been ghosted or who have ghosted someone by introducing a "Ghost Burger" for a limited time at all locations.
Speaker: Amanda Adams, Fractional CFO, CPA
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Inside Retail
SEPTEMBER 26, 2024
Bridgestone Select Tyre & Auto has opened a new store in Werribee, Victoria, taking its nationwide store count to 200. The new store is in a franchise agreement with Marco Licalsi. “Australians trust Bridgestone more than any other tyre brand, they set the standard in our industry and importantly, I’ve always been a fan of their product,” said Licalsi.
Retail Gazette
SEPTEMBER 27, 2024
Amazon’s UK arm has paid corporation tax for the first time in four years, after the end of a “super-deduction” tax break brought in by Rishi Sunak. The delivery giant’s UK Services paid £18.7m in “current tax” last year on its £27bn of sales, which is believed to have been largely corporation tax. Amazon paid £932m in “direct taxes” on its sales, including corporate tax and business rates, amounting to roughly 3.45% of its revenues.
Retail TouchPoints
SEPTEMBER 24, 2024
Through the remainder of 2024 and into 2025, Kay Jewelers plans to enhance its retail store design and customer experience. The retailer will add dedicated customization and collaboration areas in stores that are designed to provide personal, full-service experiences and are capable of hosting wedding parties, friend groups and “any other consumers looking to create memories that last,” according to a company press release.
Retail Wire
SEPTEMBER 23, 2024
Plans are moving forward for a new Costco development in Baldwin Village, South Los Angeles, marking the first location to feature residential apartments above the warehouse retail space.
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
SEPTEMBER 24, 2024
KMD Brands has swung to a net loss amid lower sales across all brands in the last fiscal year. The company’s underlying net loss stood at NZ$48.3 million as sales fell 11.2 per cent to $979.4 million. Rip Curl’s sales declined 7.3 per cent to $538.9 million while Kathmandu’s decreased 14.5 per cent to $361.1 million. Oboz’s sales slid 20 per cent to $79.4 million.
Retail Dive
SEPTEMBER 23, 2024
Amid a high-profile backlash, many businesses are scrutinizing their policies. But the vast majority end up sticking with DEI, in part because it’s key to growth.
Retail TouchPoints
SEPTEMBER 26, 2024
Big Lots is moving full steam ahead despite its recent bankruptcy filing and sale. In addition to bringing back its “Black Friday Fridays” weekly holiday deals , the retailer is launching a new affiliate program to “build on its organic and grassroots popularity with bargain-savvy creators and publishers on social media and beyond.” Big Lots Fights its Way Back Big Lots has struggled to find its footing since the pandemic, with recent factors such as high inflation and interest rates continuing
Retail Wire
SEPTEMBER 22, 2024
Recently, Kroger announced an extension of the expiration date for its exchange offers and consent solicitations regarding Albertsons Companies, Inc. notes. The new expiration date is set for September 27, 2024. This extension allows holders of Albertsons notes to exchange them for new Kroger notes and cash, as well as to consent to proposed amendments to the relevant indentures.
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
SEPTEMBER 26, 2024
Many Australians have lost trust in supermarket pricing, with more consumers now comparing prices between stores before making a purchase. The Australian Competition and Consumer Commission’s (ACCC) interim report for supermarkets inquiry revealed that almost 50 per cent of consumers now ‘often’ or ‘always’ compare prices before shopping, a significant increase from 17 per cent found by the watchdog’s 2008 Grocery Inquiry.
Retail Gazette
SEPTEMBER 23, 2024
TikTok Shop is launching its first week-long sales event in the UK which will see some of the platform’s most popular brands offering exclusive discounts on thousands of trending products. The online giant’s ‘For You Days’ event will run from 23 to 30 September, featuring shopping sessions and one-off discounts from brands including Sweaty Betty , Made by Mitchell and L’Oreal Paris, following the successful US launch of the event this summer.
Retail TouchPoints
SEPTEMBER 24, 2024
Nearly three of every 10 purchases by American consumers will be made online as the end of this decade nears, according to projections from Forrester in its U.S. Online Retail Forecast, 2024 to 2029. The research and technology firm projects that online U.S. retail sales will increase from $1.2 trillion in 2024 to $1.8 trillion in 2029, a five -year compound annual growth rate (CAGR) of 8.4% that will increase ecommerce’s share of total retail sales from 23.4% this year to 29.3% in 2029.
Retail Wire
SEPTEMBER 21, 2024
HP Hood LLC is recalling five SKUs of 96 oz containers of LACTAID® Milk after discovering that some products may contain trace amounts of almonds, which are not listed on the packaging. This poses a potential risk for individuals with almond allergies, who may experience severe or life-threatening reactions.
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Inside Retail
SEPTEMBER 24, 2024
Mattel, the 79-year-old toy maker, has found new success in the Asia Pacific region amidst challenging global conditions. During the second quarter of this year, while performance in other regions remained bleak, Mattel’s international revenue grew thanks to a 6 per cent increase in Asia Pacific sales, reaching US$88 million. The brand’s recent triumph extends beyond financial gains.
Retail Gazette
SEPTEMBER 25, 2024
Boots has launched its biggest ever beauty marketing campaign, with more than 25 new brands landing at the cosmetics giant. The ‘make more room for beauty’ campaign sees the retailer invite the nation to make more room for beauty products in their lives. It marks Boots’ first campaign specifically designed to reach an audience of under-35 beauty consumers, spanning TV, OOH, print, radio, digital display, paid and owned social, PR, email and instore marketing.
Retail TouchPoints
SEPTEMBER 27, 2024
Julie Rosen, President of Retail at Bath & Body Works , will leave the company by “mutual agreement,” as the retailer eliminates her role. Most of the functions that had reported to Rosen will now report to CEO Gina Boswell, who was named to the post in November 2022. The retailer also reaffirmed its guidance for its fiscal 2024, which will end in March 2025.
Retail Wire
SEPTEMBER 25, 2024
Coca-Cola has decided to discontinue its recently introduced "Coca-Cola Spiced" flavor after only being on the market for less than a year.
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Inside Retail
SEPTEMBER 24, 2024
Pandora says it will no longer use virgin gold or silver in its jewellery products, committing to using only 100 per cent recycled gold and silver from now on. The Scandinavian manufacturer will source gold and silver from industrial waste, manufacturing scraps, old jewellery or silverware, and other materials in an initiative it hopes will save 58,000 tons of carbon dioxide per year.
Retail Gazette
SEPTEMBER 24, 2024
Boots has partnered with Just Eat to deliver on-demand beauty and healthcare products to customers across the nation. The health and beauty giant has stocked the platform with over 1,000 products which are now available to order. The partnership will initially launch with 50 sites across the UK including London, Birmingham, Manchester, Leeds, Glasgow and Edinburgh, but there are plans to follow up with 100 more by spring 2025.
Retail TouchPoints
SEPTEMBER 25, 2024
Adobe expects U.S. online sales to hit a record $240.8 billion this holiday shopping season (covering the period from Nov. 1 to Dec. 31), representing 8.4% growth year-over-year. Shopping on mobile devices also is expected to hit a new milestone, growing 12.8% YoY to contribute a record $128.1 billion , which would represent a 53.2% share of online spend this season versus desktop shopping.
Retail Wire
SEPTEMBER 26, 2024
Southwest Airlines announced its three-year transformation plan "Southwest. Even Better." at its Investor Day briefing in Dallas.
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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