Inside Retail

AUGUST 22, 2023

Multibrand food chain franchisor Retail Food Group (RFG) reports underlying profit growth of 22.3 per cent for the full-year. The company owns and operates Gloria Jean’s, Crust Gourmet Pizza, Donut King, Brumby’s Bakery, Cafe2U Michel’s Patisserie, Pizza Capers and The Coffee Guy. For the year to June 30, underlying group EBITDA grew 21 per cent to $26 million while underlying tax-paid profit reached $22.6 million, up 22.3 per cent.

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Retail Focus

AUGUST 22, 2023

Scurri , the next-generation delivery management platform, today announces a strategic partnership with OCS Worldwide – the specialist cross-border courier, logistics and shipping provider – extending the global reach of brands and retailers on the Scurri platform. OCS has a 24/7 UK hub, with its main International Gateway facility and Head Office strategically located close to Heathrow Airport.

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Inside Retail

AUGUST 22, 2023

After posting a $1.6 billion full-year profit, Woolworths says it is “cautiously optimistic” moving forward despite evidence customers are cutting back on spending. Group sales reached $64.3 billion, up 5.7 per cent while tax-paid profit from continuing operations improved 4.6 per cent to $1.6 billion and EBIT of $3.11 billion, up 15.8 per cent. Across its Australian food division, sales increased 5 per cent to $48 billion, with second-half sales increasing 7.6 per cent, reflecting elevated infl

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Retail Focus

AUGUST 22, 2023

With retailers facing continued supply chain disruption – from the long shadow of covid-19 to Russia’s war on Ukraine and climate change – shoppers are reporting increased levels of out-of-stock products, according to the latest data from Retail Insight , the leading provider of store operations execution software. Original research of over 1,000 UK shoppers by Retail Insight revealed that 82% have experienced out-of-stock products in-store in the past 12months, up +11 percentage points year-on-

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Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

Consumer

Inside Retail

AUGUST 22, 2023

Earlier this month, popular US-based intimates brand Parade was acquired by Ariela & Associates International (AAI), a global manufacturer of branded and private-label apparel. Founded by then-21-year-old Cami Téllez in 2019, Parade was initially created to fill a gap in the market for stylish and size-inclusive bras and underwear for Gen Z consumers.

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All Work

AUGUST 22, 2023

For Gen Z, flexibility, autonomy, work/life balance and physical and mental wellbeing have become “must have” priorities across the board. Companies that authentically demonstrate and reinforce the value and contributions that Gen Z employees bring to the organization will win their loyalty. Workplace designers have the power to break the status quo and change the workplace for decades to come.

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Creative Displays Now

AUGUST 22, 2023

Corrugated creative displays and designs are undeniably amazing tools for selling in retail spaces. They help attract attention, set products apart from the competition, and ultimately, if they’re well-designed, can move product. So, how can you ensure your retail display manufacturer will develop a durable display that lasts, has quality imagery and is good value for money?

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Inside Retail

AUGUST 22, 2023

By any metric, the Fifa Women’s World Cup was an international phenomenon, with the tournament providing huge opportunities for retailers to capitalise on the buzz around the event. In Australia, just about everyone got behind the national team the Matildas, with TV ratings for the semi-finals against England’s Lionesses breaking national records. Retailers who anticipated the incredible momentum behind their campaign – and suitably prepared their inventory levels and marketing approach – reaped

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Eye on ESG

AUGUST 22, 2023

On 31 July 2023, the European Commission adopted the European Sustainability Reporting Standards (“ ESRS “). EU and non-EU entities subject to the new EU Corporate Sustainability Reporting Directive (“ CSRD “) will be required to report against the ESRS, making the development of interest to entities preparing for reporting under the CSRD regime. Background The CSRD, which entered into force on 5 January 2023, creates detailed sustainability reporting requirements and expands the number of EU an

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Inside Retail

AUGUST 22, 2023

Domino’s Pizza Enterprises is set to axe jobs after inflation dented its profit by 74 per cent in the year to June 30. Group revenue rose 3.4 per cent to $2.4 billion with total food sales up by a meagre 2.2 per cent, driven by higher menu prices. Earnings before income and taxes fell 23.3 per cent to $201.7 million while net profit attributable to shareholders fell 74.4 per cent to $40.6 million.

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Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

Strategy

Retail Times

AUGUST 22, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Total Till sales at UK supermarkets slowed to +7.2% in the last four weeks ending 12th August 2023 according to new data released today by NIQ (previously known as NielsenIQ). According to NIQ, this drop in sales is due to lower inflation as well as unsettled, unseasonable weather over the summer months, with shoppers visiting stores fewer times […

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Inside Retail

AUGUST 22, 2023

The Philippines is fast becoming a focus for Levi’s in the APAC region. It recently opened its most expansive store in Southeast Asia in SM North Edsa in Manila, where customers can tailor Levi’s items to mirror their unique style and personality. According to Charisse Chua, country general manager for the Philippines at Levi Strauss & Co, the decision to locate the new store at SM North Edsa was a strategic one, driven by a combination of market insights and the need to differentiate its b

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Retail Times

AUGUST 22, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! There’s nothing worse than getting off to the wrong start in the morning – and it happens regularly to nearly a fifth (18%) of Brits. Stuck in the same routine, day in day out, means that over a quarter (29%) of Brits say they have fallen into bad breakfast habits they simply can’t break away […] If you want more information Retail Times get in tou

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Inside Retail

AUGUST 22, 2023

Are you in the e-commerce or retail space and looking to get ahead in the industry? One of life’s biggest problems is being in the right place at the right time… At Retail Fest 2024, Retail Global aims to make that easier than ever before. Introducing a brand-new initiative for Retail Fest 2024, Retail Fest Hosted. The program offers retailers and brands up to $800 in travel and accommodation credits and a Retailer Pass.

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Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

Strategy

Retail Times

AUGUST 22, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Tesco has cemented its position as the leading supermarket when it comes to electric home delivery vans by unveiling its 500th electric van. The van will go into service at the supermarket’s Sheffield Extra store, making the store the first in Yorkshire to have a fully electric fleet.

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Inside Retail

AUGUST 22, 2023

Pureplay online retailer Adore Beauty’s sales declined for the full year and the business says value remains a “key driver” for customers. In its results for the year to June 30, revenue fell 9.6 per cent to $180.6 million with EBITDA of $600,000 reflecting lower operating leverage, cost inflation and reinvestment in key initiatives. Active customers fell 8 per cent to 801,000 while returning customers increased by 4 per cent to 490,000 and contributed to 76 per cent of all revenue.

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Retail Times

AUGUST 22, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Go bananas for points as Sainsbury’s has announced Nectar’s popular ’Great fruit & veg challenge’ is back this week, offering customers the chance to earn additional Nectar points by putting more fruit and vegetables in their shopping baskets.

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Inside Retail

AUGUST 22, 2023

The head of the online marketplace Redbubble says the business has not adapted well to the post-Covid trading environment as sales soften. For the year to June 30, the company’s marketplace revenue (MPR) reached $467.5 million, down 3 per cent with an EBITDA loss of $40.7 million, decreasing 263 per cent. Cofounder, CEO and MD of Redbubble, Martin Hosking, said since his return to management in March , he has carried out a detailed review of the group’s operations, financial performance and oper

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Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.

Customer Engagement

Retail Times

AUGUST 22, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Accessible health & beauty retailer, Superdrug, has today announced the launch of ‘Rise Up to Level Up,’ a campaign that strives for progress in apprenticeship employment across the UK. The campaign, fronted by TV star, one time apprentice and now business owner, Tommy Mallet, and backed by The British Retail Consortium, will see Superdrug employ [&#

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Inside Retail

AUGUST 22, 2023

Shopping mall operator Scentre Group reported funds from operations of $556.6 million for the six months to June 30, in line with the full-year guidance. Income was up 1.5 per cent year on year and 13.3 per cent compared to the second half of 2022. The group’s net operating income jumped by 10 per cent to $971.9 million, the highest level achieved in a first half period.

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Retail Times

AUGUST 22, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The LEGO Group announces LEGO® Insiders, a loyalty program where members can discover a wealth of exciting experiences and exclusive rewards, including offers and gifts. Launching on the 21st August, LEGO Insiders will replace the previous LEGO VIP membership program, but also brings all LEGO accounts (for over 18s) into one place.

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Inside Retail

AUGUST 22, 2023

The athleisure market has been on the rise for many years, driven by factors, such as the casualisation of consumers’ wardrobes and the rise of sneakers and streetwear as aspirational style trends. Covid further accelerated this shift, with Fashion Genome, an intelligent data platform created by True Fit, finding that athleisure sales jumped over 84 per cent between March and December of 2020.

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Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib

Architecture

Design Wanted

AUGUST 22, 2023

Designed by London-based George Chacko V (aka Design by Joffey), the Engrid desk lamp represents a remarkable addition to your workspace that transcends the boundaries of […] The post This desk lamp offers a harmonious blend of light and organizational design appeared first on DesignWanted.

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Inside Retail

AUGUST 22, 2023

Trans-Tasman online retailer Kogan’s full-year profits declined due to soft trading conditions however, the business is off to a strong start in FY24. For the year to June 30, gross sales reached $844.8 million, down 28.4 per cent while statutory tax-paid profits fell to $25.9 million and EBITDA of $20.8 million. For July, the first month of the new trading year, Kogan said adjusted management accounts showed an EBITDA of $3.5 million.

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Retail Times

AUGUST 22, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Online sales soared while High Street spending slumped, as the wettest July since 2009 kept shoppers indoors. The latest Office for National Statistics (ONS) retail results show sales volumes fell by -1.2% in July and the amount spent also dropped by -1%.

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Creative Displays Now

AUGUST 22, 2023

In-store shopping is on the rise , and physical retail spaces provide brands with a significant opportunity to connect with their customers. Ensuring you use retail spaces to boost brand awareness and increase sales is essential to an effective marketing strategy. With 73% of purchase decisions made at the point of sale, businesses must leverage simple and effective marketing tools to attract attention and encourage impulse buying.

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Did you know—74% of IT leaders are looking to improve their tech stack to offer better personalization? It’s impossible to ignore the importance of personalization, but it comes with challenges. How do you do it with a tight budget? What about customer privacy and the use of data? The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.

Strategy

Retail Times

AUGUST 22, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Majestic, the UK’s largest specialist wine retailer, has reported a jump in organic wine sales and predicted a further spike in demand for the category in the coming years as consumers switch to wines with environmentally friendly credentials.

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Retail Times

AUGUST 22, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Nearly new car retailer Motorpoint is introducing new measures to help improve its people’s mental health by joining forces with retail industry charity the Retail Trust. The Retail Trust will provide wellbeing services such as counselling, cognitive behavioural therapy and financial aid for Motorpoint’s staff thanks to the new partnership, as well as me

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Retail Times

AUGUST 22, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The fastest-growing home delivery app serving convenience stores, Snappy Shopper, has partnered with NHS Staff Benefits to give back to NHS staff members. NHS Staff Benefits offers various perks and discounts to NHS employees by providing additional support and incentives to recognise their hard work and dedication to healthcare services.

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Retail Times

AUGUST 22, 2023

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Cloudinary, the image and video platform that powers many of the world’s top brands, today announced enhancements to its MediaFlows product, including FlowAI which harnesses the power of generative AI to turn natural language into executable workflow logic.

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Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach

More and more, customers are expecting a better personalized CX. But can retailers actually deliver? Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions? Join us to gain a better understanding of the current retail landscape and learn what you can do to translate personalization strategies into practical implementatio

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