Target Takes a Hit: Retail Giant’s Q3 Earnings Fall Short
Retail Wire
NOVEMBER 20, 2024
Target's poor results for Q3 2024 were likely caused by extra supply chain costs and restrained consumer spending.
Retail Wire
NOVEMBER 20, 2024
Target's poor results for Q3 2024 were likely caused by extra supply chain costs and restrained consumer spending.
Retail TouchPoints
NOVEMBER 20, 2024
It’s hard to find a topic that all marketers agree on, but if there is one, it’s likely that programmatic ad buying continues to be a dominant channel for advertisers looking to scale. In fact, it will make up the vast majority — over 91% — of the current U.S. digital advertising spend in 2024, according to eMarketer. With programmatic spend increasing and the platforms themselves launching more advanced services for advertisers of all sizes, there has never been a better opportunity for smalle
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Inside Retail
NOVEMBER 20, 2024
Adelaide’s Rundle Mall already boasts the lowest rate of vacancies of any of Australia’s pedestrianised malls, at about 5 per cent. And with major international brands continuing to make their South Australian debuts in the heart of the city, that figure is set to shrink even further. Total consumer spending in Rundle Mall reached approximately $1.4 billion in the latest financial year, with 85 per cent of retail spending in the City of Adelaide council area occurring within the mall and its con
Retail TouchPoints
NOVEMBER 20, 2024
The U.S. Postal Service has launched an online ecommerce catalog powered by Toys ‘R’ Us for the fulfillment of gifts in its Operation Santa program. For 112 years Operation Santa has allowed the public to “adopt” letters to Santa written by children and families to help make holiday wishes come true. The new ecommerce platform, called Santa’s Gift Shoppe , was developed exclusively for USPS Operation Santa letter adopters to make it easier for participants to shop for the perfect gift and ship
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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.
Inside Retail
NOVEMBER 20, 2024
Self-service key duplication service KeyNow will start a trial in Mitre 10 Stores. The company claims its self-service kiosk-style machine can reduce the error rate to less than 1 per cent while freeing up store staff time and streamlining the customer experience. KeyNow’s machine uses robotics, electronics and software engineering to read the inserted key and duplicate it within a few minutes.
Retail TouchPoints
NOVEMBER 20, 2024
Cedric Clark didn’t originally intend to have a career in retail, much less rise to the heights of EVP of Store Operations at Walmart , one of the world’s largest retailers. At the beginning of his working life he was an athlete, playing basketball professionally overseas when 9/11 interrupted that journey, at least temporarily. Cedric Clark He took a job as a sporting goods associate in a Washington state Walmart store as a means to support himself before he found his next athletic opportunity,
Experience Retail Today brings together the best content for retail owners from the widest variety of industry thought leaders.
Retail TouchPoints
NOVEMBER 20, 2024
Petco has introduced a new “Welcome to the family” program, available at stores beginning Nov. 25, 2024. The free booklets, for both dogs and cats, include practical guidance and shopping checklists created by the retailer’s veterinary, training and grooming teams, plus exclusive pet services and savings on Petco-owned brands. And just in case that’s not enough adorableness for you, Chewy has brought back its Chewy Claus letter-writing campaign.
Inside Retail
NOVEMBER 20, 2024
The Australian Fashion Council (AFC) along with the broader fashion industry was taken aback by IMG’s abrupt exit from Australian Fashion Week (AFW) last week. “We had no advance notice of this. But we have a duty to act on behalf of our members, so we can’t just sit back and wait to see what happens,” Jaana Quaintance-James, CEO of the AFC, told Inside Retail.
Retail TouchPoints
NOVEMBER 20, 2024
Nordstrom is all geared up for the holidays, with a refreshed app and new in-store services and experiences designed to make shopping this season easy and fun whether in stores or online. Nordstrom’s Revamped App Aims for Inspiration Image courtesy Nordstrom Nordstrom’s refreshed mobile app features a completely new look and feel on the homepage alongside a range of new features, including: Interactive editorial content like trend reports, which blend the expertise of Nordstrom’s stylists
Inside Retail
NOVEMBER 20, 2024
Earlier this week, Kering underwent an executive reshuffle , naming Cédric Charbit and Gianfranco Gianangeli as CEOs of Saint Laurent and Balenciaga, respectively. This latest round of executive changes follows closely on the heels of Stefano Cantino’s appointment as Gucci’s CEO last month. Charbit will succeed Francesca Bellettini, Kering’s deputy CEO, who will then focus on the brand development of all Kering fashion, leather goods and jewellery houses.
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Retail TouchPoints
NOVEMBER 20, 2024
Citi Trends has named Ken Seipel as its new CEO, a job he has held on an interim basis since June 2024. The value-priced apparel retailer also named Peter Sachse, currently Executive Chairman of the Board, as Chairman. Seipel, who has served on Citi Trends’ board since 2019, brings experience in public and private equity as well as with Fortune 500 retail companies.
Inside Retail
NOVEMBER 20, 2024
FlyBuys will host a pop-up store in Sydney on Saturday, where members can choose a range of rewards such as travel and experiences and everyday essentials. Participating brands include Bissell, iRobot, Bosch, GHD, Apple, Velocity Frequent Flyer, Coles and Liquorland. FlyBuys said that members do not need to use any of their points to avail of the “redemption” of their choice.
Retail Focus
NOVEMBER 20, 2024
Diriyah Company , Saudi Arabia’s mixed-use developer driving the transformation of historic Diriyah into a premier global destination, is set to participate in MAPIC 2024, 26-28 November in Cannes, France. At this leading global retail property event, Diriyah Company will present the latest developments of its flagship project, with a focus on Diriyah Square—the dynamic centrepiece of the 14-square-kilometer masterplan.
Retail Wire
NOVEMBER 20, 2024
Tom's of Maine received a letter of warning after the FDA found bacteria-contaminated water at its plant.
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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 Gazette
NOVEMBER 20, 2024
Space NK has posted strong results for the financial year ending in March with sales and profits soaring. Pre-tax profit rocketed from £1.5m to £7.5m while turnover jumped more than a third (34%) to £196.5m year-on-year. The premium beauty retailer’s growth has continued into the current financial year, with half-year sales up 38% year-on-year.
Retail Wire
NOVEMBER 20, 2024
McDonald's is not only selling the McRib this holiday season, but also a half-gallon jug of sauce.
LS Retail
NOVEMBER 20, 2024
©iStock/Gwengoat Total investment in Japanese startups increased 25% between 2013 and 2023, reaching $5.4bn in 2023, according to Initial, a Japanese VC data provider. But Japan’s venture capital sector is still small. VC investment is about half that of South Korea’s, for example, and only 3% of the US market. Historically Japan’s startups have focused on serving the domestic market, a barrier to attracting foreign VC investment.
Retail Wire
NOVEMBER 20, 2024
Pizza Hut's new adult beverage captures the fast-food favorite in every sip.
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.
Wiser
NOVEMBER 20, 2024
Maintaining a competitive edge requires precise and timely pricing decisions. One leading grocery retailer sought to enhance its pricing strategy by accessing precise, real-time data on market trends and competitor pricing. However, they faced several challenges in gathering and acting on this data, impacting its ability to stay competitive across various product categories.
Retail Wire
NOVEMBER 20, 2024
Comcast announces spinoff of several properties, including MSNBC, CNBC, and E!
Retail Times
NOVEMBER 20, 2024
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Augmented reality glasses could be starting to enter the mainstream, with major tech brands promoting their products. However, they are a long way off from becoming essential. Currently, AR glasses seem like a novelty, and many people may not recognise their potential applications.
Retail Wire
NOVEMBER 20, 2024
Taco Bell's Live Más Scholarship will distrubute upwards of $14M.
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A1 Retail
NOVEMBER 20, 2024
InPost, the provider of parcel locker solutions, has announced the next phase in its rapid expansion with the opening of new Locker Shops in key urban areas. Following the success of its first Locker Shop in Camden, InPost is accelerating its Locker Shop opening programme and targeting hyper urban areas where there is huge demand for its lockers to provide greater access to its parcel locker network.
Retail Wire
NOVEMBER 20, 2024
Shake Shack cheeseburgers could be headed to a Delta flight near you.
A1 Retail
NOVEMBER 20, 2024
Eldon Square has announced that Hotel Chocolat, the luxury chocolatier, is set to open its latest concept store and Velvetiser Café on 30 th November at the centre. Stocking a wide range of Hotel Chocolat’s renowned premium chocolates, the 3,128 sq ft store also offers a welcoming cafe space. The store represents Hotel Chocolat’s continued investment in luxury immersive experiences, allowing consumers to try the product and have a personalised customer service.
Retail Wire
NOVEMBER 20, 2024
Jersey Mike's has been bought out by the private equity firm.
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 Dive
NOVEMBER 20, 2024
The retailer will focus on deals and value as consumers become pickier with discretionary purchases.
Retail Wire
NOVEMBER 20, 2024
Zaxby's is getting into the holiday season.
Retail Gazette
NOVEMBER 20, 2024
Morrisons is getting ready to close its Rathbones bakery, putting 400 staff members at risk of redundancy. The move comes after the supermarket giant explored all options for the facility, The Grocer reported, with speculation around a potential purchase of the Wakefield factory by Hovis having circulated this year. However, the two companies did not reach an agreement.
Retail Wire
NOVEMBER 20, 2024
Wendy's is expanding across the pond.
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With over 9 million sellers on Amazon, online marketplaces are more crowded than ever. Whether you’re looking to fine-tune prices in real-time or align strategies across channels, this guide provides the tools to understand how to maximize sales and secure a lasting competitive edge. Download now to transform your pricing strategy and drive holiday success.
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