Department: Consumer Durables

  1. Department: Consumer Durables

Italian job for Emperia as it helps Pinko venture into the metaverse for the first time

Italian fashion brand, Pinko, has announced the launch of its first virtual store, developed using the Emperia platform and celebrating the opening of its new Milan boutique. It says that this aims to “drive brand recognition and tap into new female communities, alongside empowering women around the world to feel independent and able to express […]
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  1. Department: Consumer Durables

Tesco to buy the Paperchase brand

Tesco �confirms that it has bought the Paperchase brand and related IP. – – Jan Marchant, Managing Director of Home and Clothing at Tesco said: “Paperchase is a well-loved brand by so many, and we’re proud to bring it to Tesco stores across the UK. We have been building out plans to bring more brands […]
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  1. Department: Consumer Durables

How Retailers Are Using Customer Delivery Personas to Protect Profit Margins

Despite record levels of inflation and rising interest rates, there’s good news for retailers: holiday spending was forecasted to be healthy. According to the National Retail Federation (NRF), holiday retail sales in the U.S. during November and December were expected to increase 6 percent to 8 percent from 2021 levels to between $942.6 billion and […]
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  1. Department: Consumer Durables

Walmart Rolls Out Snazzier Look To Appeal To High Income Shoppers

From CNBC: “As Walmart’s low-priced groceries attract shoppers, the retailer is rolling out a fresh strategy aimed at wooing them into other aisles: stores with brighter lights, fashion-forward mannequins and colorful displays of makeup, pet supplies and more … Walmart’s snazzier look is part of a broader effort to sell more discretionary items – like […]
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  1. Department: Consumer Durables

Saks Fifth Avenue pursues menswear’s upside

Saks Fifth Avenue’s flagship store in Manhattan held a party this week featuring James Harden of the Philadelphia 76ers as part of its renewed commitment to menswear. The luxury department store retailer opened its newly renovated section on the seventh floor. “While we remain focused on expanding our online offering and creating an unparalleled assortment […]
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  1. Department: Consumer Durables

Evolution of Smart Products

One of the most popular cartoons I ever drew was about the Internet of Things, right after Google announced the acquisition of Nest in early 2014. “I think my Nest smoke alarm is going off,” one character tells another.  “Google Adwords just pitched me a fire extinguisher and an offer for temporary housing.” iRobot later […]
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  1. Department: Consumer Durables

DG, Ibotta to debut rewards program

GOODLETTSVILLE, Tenn. — Dollar General is partnering with Ibotta to launch a cash-back rewards program. “We are excited to provide an additional innovative option for our customers to help stretch their budgets,” says Emily Taylor, Dollar General’s executive vice president and chief merchandising officer. “Ibotta’s cash-back rewards program further complements our continuous efforts to provide […]
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  1. Department: Consumer Durables

McMullen: Doing good plays big part in Kroger doing well

NEW YORK — Rodney McMullen, chairman and chief executive officer of Kroger Co., shared insights into the supermarket retailer’s purpose of “feeding the human spirit” in a marquee session at the NRF Big Show earlier this month. “At Kroger, we succeed by giving a great experience to the customer, investing in associates and making an […]
3 min read
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  1. Department: Consumer Durables

Levi Strauss sees online sales fall as shoppers return to high street

Clothing retailer Levi Strauss watched its online sales fall across all of its markets in Q4 as shoppers returned to the high street. Digital net revenues were down by 7%… The post Levi Strauss sees online sales fall as shoppers return to high street appeared first on Latest Retail Technology News From Across The Globe […]
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  1. Department: Consumer Durables

Levi’s CEO says skinny jeans are still in

Many in the fashion industry have called skinny jeans DOA, but Levis Strauss & Co CEO Chip Bergh disagree. The brand’s 311 and 721 skinny jeans were its best sellers in the most recent quarter, for which the company posted sales and profits ahead of Wall Street’s expectations.
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  1. Department: Consumer Durables

4 fashion ecommerce brands embracing physical retail

Despite proclamations that bricks-and-mortar retail is dead, several major ecommerce companies have recently been exploring the physical shopping environment. For digitally native brands, pop-up stores can offer a small, yet… The post 4 fashion ecommerce brands embracing physical retail appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Department: Consumer Durables

Amazon UK stores and strikes: RTIH presents the retail technology week in numbers

Do you like numbers? Do you like retail systems news? Then this is the article for you. Including Emperia, Amazon UK, Mercaux, Gemba, Adobe, and Twinco Capital. $18 million…Gemba, a virtual reality training startup used by the likes of Nike, Coca-Cola, and Amazon, has bagged $18 million in a Series A round of funding from […]
5 min read
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  1. Department: Consumer Durables

NRF 2023: Top Retail Influencers’ Key Takeaways (Part Two)

The RETHINK Retail team ventured to NYC from January 14-17th for NRF 2023: Retail’s Big Show. While there, we had the opportunity to speak with attendees from our Top Retail Influencer community and learn about their event experience. #TRI members–Ian Scott, Martin Newman, Melissa Gonzalez, Melissa Minkow, Nikki Baird, Ron Thurston, Stewart Samual, and Thomas […]
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  1. Department: Consumer Durables

Prada unveils ninth exclusive timecapsule NFT

Luxury fashion retailer Prada has announced the latest launch of its ‘Timecapsule’ NFT collection. The Timecapsule drop is an online monthly event that takes place on the first Thursday of… The post Prada unveils ninth exclusive timecapsule NFT appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Department: Consumer Durables

Pacsun Names 17-Year Company Veteran Co-CEO

Pacsun has appointed President Brie Olson to the role of Co-CEO alongside Co-CEO Mike Relich, effective March 9, 2023. Current Pacsun Co-CEO Alfred Chang will step down after 17 years with the company to join Fear of God as CEO. Chang will stay with Pacsun in his current capacity until March 8 to facilitate the […]
2 min read
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  1. Department: Consumer Durables

Hasbro warns of weak holiday quarter results, cuts 15% of its workforce

[[ Getty Images Hasbro said Thursday it would eliminate around 1,000 employee positions and warned of weak holiday-quarter results. Shares of the toy maker fell more than 6% in extended trading. “Despite strong growth in Wizards of the Coast and Digital Gaming, Hasbro Pulse, and our licensing business, our Consumer Products business underperformed in the […]
2 min read
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  1. Department: Consumer Durables

NRF 2023: Top Retail Influencers’ Key Takeaways

The RETHINK Retail team ventured to NYC from January 14-17th for NRF 2023: Retail’s Big Show. While there, we had the opportunity to speak with attendees from our Top Retail Influencer community and learn about their event experience. #TRI members- April Sabral, Andrew Smith, Carl Boutet, Alberto Serrentino, Charles Haseman, Christine Russo, Guy Courtin, and […]
5 min read
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  1. Department: Consumer Durables

Mondelēz International Reports Q4 and FY 2022 Results

Full Year Highlights Net revenues for the full year increased +9.7% driven by Organic Net Revenue1 growth of +12.3% with underlying Volume/Mix of +2.7%. For the fourth quarter, Net revenues increased +13.5% driven by Organic Net Revenue1 growth of +15.4% with underlying Volume/Mix of +1.6% Diluted EPS was $1.96, down 35.5%; Adjusted EPS1 was $2.95, up +11.9% on […]
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  1. Department: Consumer Durables

Robots could surpass workers at Amazon by 2030, Cathie Wood says

KEY POINTS “We are just at the dawn of the robotics age. And I would say artificial intelligence and battery technology are all a part of that movement as well,” Cathie Wood said. Amazon had more than 1.6 million workers at the end of 2021, according to its most recent annual report. Wood’s Ark Innovation […]
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  1. Department: Consumer Durables

Aldi expands Too Good To Go partnership nationwide following successful trial

Aldi is rolling out its partnership with the world’s largest surplus food platform, Too Good To Go, across all of its 990 UK stores. Following a successful trial last year, Aldi is now offering surplus food bags available nationwide, in a bid to tackle food waste while also offering even lower prices to customers. The […]
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  1. Department: Consumer Durables

dunnhumby’s Sixth Annual Retailer Preference Index (RPI) for U.S. Grocery
THE GROCERS BEST ‘BUILT TO LAST’

H-E-B, Costco Best Navigate The 2020 – 2022 Pandemic Grocery Market Upheaval, Bumping Amazon From Its Top Ranking Customers emerged from 2020 – 2022 placing more importance than ever on finding the right balance of savings and quality while placing less importance on saving time. Pandemic surge in retailer digital capabilities and consumer digital adoption […]
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  1. Department: Consumer Durables

Charted: U.S. Egg Prices More Than Double in 2022

Charted: U.S. Egg Prices Double in 2022 Eggs are a staple food for many countries around the world, and the U.S. is no exception. Americans eat between 250‒280 eggs a year on average. Eggs are also easy to cook, protein-dense and supply many daily vitamins needed for healthy living, making them a popular meal or […]
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