Latest Retail Insight, News, Information & Articles from all top sources for the Internet.

Shopping centre operator Intu has appointed David Hargrave as a non-executive director and chief restructuring officer. The company is currently working through a strategy to fix... View Article from The Retail Bulletin - Latest Retail News https://ift.tt/3f6ggLD via IFTTT

Travis Perkins has given a coronavirus trading update as it released its first quarter results. The group’s like-for-like sales at its retail business climbed by 4.5%... View Article from The Retail Bulletin - Latest Retail News https://ift.tt/3aO5RAO via IFTTT

As more consumers shop online than ever before, Webloyalty has launched – today – the ‘Digital Choice: Applying Behavioural Economics to Online Conversion & Retention’ report,... View Article from The Retail Bulletin - Latest Retail News https://ift.tt/2YyJA7V via IFTTT

Amazon has said that complete COVID-19 lockdown in India since March 24 due to which the e-commerce giant was allowed to sell only groceries and other essential items has resulted in the biggest revenue impact in any country in the international market. The Indian government has directed the e-commerce platforms to sell only essential goods […] from Indiaretailing.com https://ift.tt/2WeAyKh via IFTTT

Buoyed by the surge in demand as people stayed home owing to the pandemic globally, net sales increased 26 percent to US$ 75.5 billion for the e-commerce giant in the first quarter of 2020, compared with US$ 59.7 billion in the first quarter last year. Net income, however, decreased to US$ 2.5 billion in the […] from Indiaretailing.com https://ift.tt/35jlFdI via IFTTT

Lockdown 2.0 is almost about to get over. There are clear indications that some pockets will soon open whereas some pockets will continue to remain shut. The retailers in green zone are gearing up to open their stores after getting a go ahead from the government. Speaking at a webinar organised by Retailers Association of […] from Indiaretailing.com https://ift.tt/2WgBw8J via IFTTT

What are leading players in Indian food retail industry doing to pull together their operations out of the dark penumbra cast by the raging coronavirus pandemic? What are their plans and strategies to navigate the complexities arising out of ongoing lockdown and from the onerous shifts in the industry and consumer landscape? In a series […] from Indiaretailing.com https://ift.tt/3d1TpyY via IFTTT

India is home quarantined for more than 30 days and it still continues to fight and prevent the pandemic. Indeed COVID-19 cases are rising with days, but we as a widely populated nation have not even touched an average of what has happened in other countries due to the virus. The lockdown has subsequently affected […] from Indiaretailing.com https://ift.tt/3aW32h8 via IFTTT

Coles has opened the newest store in its Coles Local format in Melbourne’s Hawthorn. Claimed to be the most sustainable Coles supermarket in Australia, the new store is just the third example of the new supermarket format that is said to be tailored specifically to the needs of local customers. Coles Local Hawthorn says it will employ 110 new team members with 88% of the new team members living locally (within five kilometres of the store). Addressing sustainability  The store features free recycled customer carry boxes in place of bags, a dedicated eco-friendly product section, a zero edible food waste policy, reduced plastic packaging on fresh products, energy-efficient doors on fridges and team member uniforms made from 65% recycled bottles. Product range The product range, selected to match the needs of local shoppers, includes products from 80 speciality local growers, bakers, producers and cafes, such as “iconic” Melbourne cake and pastry maker Brunettis (after the Coro...

While new contracts for more than three million sq ft have been inked across six locations by manufacturing, third-party logistics and ecommerce clients in the past few weeks, vacant retail and commercial spaces could selectively undergo refurbishments as warehousing spaces. from e-commerce - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2Wb1vhY via IFTTT

SEATTLE, Wash. — Amazon.com posted strong sales gains in the first quarter, as consumers forced to stay at home have responded by shopping and spending more with the e-commerce giant. At the same time, Amazon’s costs have risen sharply as well, hurting profits. Net sales increased 26% to $75.5 billion in the first quarter, compared with $59.7 billion in first quarter of 2019. Excluding the $387 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 27% compared with first quarter of 2019. But Amazon reported operating income $4.0 billion in the first quarter, down from $4.4 in last year’s first quarter. Net income decreased to $2.5 billion in the first quarter, or $5.01 per diluted share, compared with net income of $3.6 billion, or $7.09 per diluted share, in first quarter of 2019. “From online shopping to AWS to Prime Video and Fire TV, the current crisis is demonstrating the adaptability and durability of Amazon...

Buderim Ginger has announced a change to its distribution network for independent retailers. The company has appointed a network of leading state-based distributors for its range of confectionery, snacking and non-alcoholic beverage products. Supermarketing has been appointed for NSW and Victoria, Siena Foods in Queensland, Ideal Sales in Western Australia and Vero Foods in South Australia. All distributors will carry the full Buderim Ginger range and are already shipping to customers throughout Australia. Buderim Ginger products are no longer available through Metcash distribution centres. “We are delighted to announce this new distribution channel with quality partners like Supermarketing, Siena Foods, Ideal Sales, and Vero Foods,” Buderim Group CEO Andrew Bond said. “They are all well-established, highly respected businesses who share our philosophy on the importance of good customer service and building strong relationships. Retailers will enjoy access to a wider range of Buderi...

Media Release April, 2020 Traditionally, end users look at their operations holistically. They are not concerned with the day-to-day operations of just one machine but rather with how the factory operates – as a whole. Compressed air is typically consumed in these factories in large amounts, across various applications and machinery. When looking to deploy efficient air management systems, just where do you start? Bill Blyth This is where SMC comes in says Bill Blyth (Energy Conservation Group Manager). SMC’s AirMaS Technology and the Air Management System (AMS) can be the right tool to provide you the compressed air efficiencies on existing plant machinery and processes, that you require. “We take into consideration the two elements of compressed air energy. Namely, pressure and flow. This improved air management can be installed on existing lines to assist with controlling energy” adds Bill. SMC Corporation ANZ has a team of engineers who works with customers to establish f...

NBN Co announces it will establish a $150 million financial relief and assistance fund to help internet providers to support their residential and small and medium business customers affected by the COVID-19 pandemic. The relief fund, created following a short industry consultation led by NBN Co, is aimed at helping internet providers connect low-income households with home schooling needs, supporting emergency and essential services, and assisting small and medium businesses and residential customers who are facing financial hardship. The consultation involved more than 50 internet providers, government and consumer group Australian Communications Consumer Action Network (ACCAN) and identified specific customer segments that require immediate support. Approximately $50 million will be directed to helping internet providers support low-income households with school-aged children who do not currently have an active nbn connection at home. NBN Co is working with the Department of Educ...

Business rates experts at Colliers International has raised concerns about the lack of urgency many local authorities are showing in paying out much-needed grants to businesses, including retailers, during the Covid-19 pandemic, and about how fairly many these have been allocated. The latest data published by the government shows that five weeks after the grants ... This story continues at Local authorities lacking urgency in handling out Covid-19 grants Or just read more coverage at Talking Retail from Talking Retail https://ift.tt/2xkHJYU via IFTTT

Cloud-based retail software company Cybertill is selling a retail solution for reducing the spread of germs for retailers of all sizes. In the current climate there... View Article from The Retail Bulletin - Latest Retail News https://ift.tt/35pXpH6 via IFTTT

Lidl GB has today opened a new store on Tottenham Court Road, London. In response to the need to provide access to food supplies and essentials at this time, Lidl is delivering on its commitment to serve local communities, despite unprecedented circumstances. The store, which is the supermarket’s most central London store, neighbours University College Hospital and will serve frontline NHS staff workers as well as the wider Central London community. from Retail Times https://ift.tt/2WecB5M via IFTTT

As the ONS reports that a quarter (24%) of businesses have temporarily stopped trading as a result of the crisis, recipe box company Gousto has launched a new platform designed to connect food businesses with customers in their area. from Retail Times https://ift.tt/2WgcPJT via IFTTT

The NFRN has launched its Shop Local Shop Little Heroes Awards to recognise the selfless retailers who have gone above and beyond for their customers and communities during the coronavirus pandemic. The awards scheme – in association with Booker, Boost and Mondelez – aims to shine a spotlight on the retail heroes who have been ... This story continues at NFRN hunts for coronavirus heroes Or just read more coverage at Talking Retail from Talking Retail https://ift.tt/2WgbjYd via IFTTT

Supply chains are the hidden part of retail that shoppers have historically had no interest in whatsoever but this has changed during the Corona virus as shortages of items on supermarket shelves have put the supply chain on the front page. Large numbers of people buying an increased number of specific items has had a massive impact on the retail industry’s finely balanced supply chains that have been shown to have very little tolerance for unexpected change. Maintaining availability across ranges has therefore been seriously problematic. When adding in the finite numbers of slots and vans available for home delivery then it is clear that the virus has highlighted some of the deficiencies in logistics and fulfilment. Although these issues have predominantly related to the food sector, an increase in online shopping for any category will have implications for the supply chain – involving both outbound deliveries and returns. Recognising stress ahead for retailers, one of the cannies...

The third annual BrandZ Top 75 Most Valuable Global Retail Brands Ranking, unveiled today by WPP and Kantar, reveals that the value of the world’s top 75 retail brands has grown 12% to $1.5 trillion in the past year. The report is being launched in conjunction with the World Retail Congress. from Retail Times https://ift.tt/3aP4t14 via IFTTT

Sainsbury’s expects the coronavirus to cost the group around £500m due to costs associated with protecting customers and employees, weaker fuel, general merchandise and clothing sales. However, the supermarket giant expects this to be offset by stronger grocery sales and around £450m business rates relief and for the group’s underlying pre-tax profit for the year ... This story continues at Sainsbury’s expects coronavirus to cost £500m Or just read more coverage at Talking Retail from Talking Retail https://ift.tt/3f3mhbW via IFTTT

Boost Drinks is sending out care packages to nominated independent retailers across the UK in recognition of their bravery and hard work during the coronavirus pandemic. The brand is providing packs made up of treats and gifts to share among shop workers, alongside a range of items that can help businesses navigate and adhere to ... This story continues at Boost Drinks rewards retailers for bravery and hard work during coronavirus crisis Or just read more coverage at Talking Retail from Talking Retail https://ift.tt/3bPKoch via IFTTT

Abuse of shopworkers has doubled during the coronavirus pandemic, new research reveals. Trade union Usdaw’s Impact of Coronavirus survey of 7,357 members – primarily essential workers in shops, distribution centres, and delivery drivers – found that 70% are experiencing anxiety and have raised concerns with their employer. The research also shows 29% have had coronavirus-related ... This story continues at Abuse of shopworkers doubles during coronavirus crisis Or just read more coverage at Talking Retail from Talking Retail https://ift.tt/2Sl3P4S via IFTTT

Shaftesbury has announced the introduction of a digital initiative to ensure the community and consumers can remain connected to Seven Dials during the lockdown. Called Seven Dials @ Home, the campaign features curated content created in partnership with Seven Dials’ restaurant and retail occupiers for their social media followers. Participating brands including, Another_Space, Homeslice, Flesh & Buns,  Lumas,  Caudalie,  Nudie Jeans, Benefit, Dinny Hall and Tatty Devine, who between them are offering bespoke video tutorials, make-and-enjoy-at-home classes, as well as guides on wellbeing and health.   The launch of Seven Dials @ Home also coincides with the opening of the Seven Dials Market Cornershop by KERB, operator of Seven Dials Market. A one-stop, digital delivery service modelled on traditional cornershops, the Cornershop is a dedicated website via which customers can order small or large veg or fruit and veg boxes.  Also available is a range of win...

From stocking up on items to avoiding trips to the store, your customers are living through a pandemic and experts say it has changed their behavior. What does that mean for convenience stores in the post-COVID-19 world? The NRF recently reported that 74% of consumers believe COVID-19 will have some impact on their lifestyle over the next five years as they consider things like dining out, budgeting and more. Are you prepared to adapt and cater to the new needs your customers may have? Here are some simple post-pandemic c-store strategies to help get you started. Captivate Customers With Additional Exterior Graphics Once various mandates are lifted and customers are permitted to help themselves to beverages and hot food, create additional exterior signage, banners and graphics to share the news. If customers are now able to relax in your dining area or use their refillable cups, keep them in the loop with signage that calls this out. Promote offerings and deals by creating exteri...

A key behavioural change noted throughout consumers during the COVID-19 pandemic has been the increase of contactless payments. Research shows 44% of Aussies decreased their use of cash when making purchases in person, with 67% agreeing that contactless payments is now their preferred way to pay when making in-store purchases, according to Mastercard. Mastercard has released consumer research that has illustrated a significant acceleration in the use of contactless payments. Key findings:   75% agree that contactless payments are more convenient than cash. 60% of respondents prefer to shop at stores that offer the option to pay with a contactless card or device. In terms of purchase locations during COVID-19, 94% of Aussies have made purchases at their grocery store using contactless payments since COVID-19, 70% have made it at their pharmacy and 56% have made it at retailer. Quarter on quarter contactless transactions grew over 4x as fast as non-contactless transactions i...

Bill for sick pay and extra safety for supermarket staff and shoppers will run to £500m, says Mike Coupe Coronavirus – latest updates See all our coronavirus coverage The boss of Sainsbury’s has warned that disruption from the coronavirus outbreak will last until at least mid-September, and that physically distanced queues were likely to remain “for the foreseeable future”. Mike Coupe, the chief executive of the UK’s second-largest supermarket chain, said the retailer would take a £500m profit hit from the costs of keeping staff and customers safe from the virus, such as protective kit and covering absences for up to a quarter of its staff who had been off sick or self-isolating in the early days of the pandemic. Coupe said about 15% of staff were still absent. Continue reading... from Retail industry | The Guardian https://ift.tt/3d0cly1 via IFTTT

Travis Perkins has given a coronavirus trading update as it released its first quarter results. The group’s like-for-like sales at its retail business climbed by 4.5%... View Article from The Retail Bulletin - Latest Retail News https://ift.tt/3bP3nn0 via IFTTT

As no economic package has been announced so far and restrictions for shops and retail stores still exist in most states across the country, Retailers Association of India’s (RAI) CEO Kumar Rajagopalan feels that the condition of the retail sector is becoming untenable now and, will soon require “ventilator support”. Speaking to IANS, Rajagopalan said […] from Indiaretailing.com https://ift.tt/2W6fplu via IFTTT

The British Retail Consortium has appointed Tony DeNunzio as chairman elect. He will succeed Richard Pennycook when he steps down at the end of his tenure... View Article from The Retail Bulletin - Latest Retail News https://ift.tt/2VOOziV via IFTTT

Webinars have always been around however, for the beauty and wellness stakeholders, it is a recent discovery. A solution in these trying times of self-imposed quarantine and social distancing, a webinar appears to be the go-to option for continuing e-learning courses hosted by salon owner-driven academies or best suited for brand-induced panelist discussions, employee trainings […] from Indiaretailing.com https://ift.tt/2yc6lDG via IFTTT

43.1 percent of consumers globally say they are spending more time cooking at home during the COVID crisis, which is hindering demand for takeaway services, says GlobalData, a leading data and analytics company. Following the latest publication of GlobalData Retail’s weekly consumer tracker, which surveys over 5,000 respondents across 11 countries about their habits during […] from Indiaretailing.com https://ift.tt/3d1beOA via IFTTT

The coronavirus pandemic has spurred a fresh spurt of growth in food retail and e-commerce, which will catalyze the demand for recycled flexible packaging in the food and beverage industry. Earlier, people in small towns had to come to a city to buy a big brand. With the convenience that flexible packaging offers in terms […] from Indiaretailing.com https://ift.tt/3cVI832 via IFTTT

The textile players are expected to record a substantial fall in their topline and operating profits due to weak export as well as domestic demand in the first half of the financial year, India Ratings and Research (Ind-Ra) said on Wednesday. The continued lockdown in April 2020 (from late March) has impacted the entire textile […] from Indiaretailing.com https://ift.tt/3bP2qet via IFTTT

Data gathered by Learnbonds.com indicates that online retail giant Amazon had 4.06 billion unique visitors in March. According to the data, this figure was more compared to combined visitors for the other five leading online stores. Amazon dominates the online retail sector. The data shows that eBay, Apple, Walmart, Rakuten, Samsung.com, and Apple.com had cumulative […] from Indiaretailing.com https://ift.tt/3bP2oDn via IFTTT

Mirvac Retail has unveiled innovative new shopping experiences across its centres in New South Wales, Queensland and Victoria.  Along with popular local long-term retailers, ‘Essentials Express’ is an innovative online marketplace and contactless drive-thru pick-up service that enables customers to ‘click and collect’ a wide range of popular everyday items. The Essentials Express has started operating at Moonee Ponds Central (MPC) in Melbourne where shoppers can order from a range of Moonee Ponds Central’s quality local retailers, offering dozens of fresh food items and curated packages of products. In addition, customers can pay online and receive contactless pick-up in a dedicated drive-thru location at the centre from Tuesday to Thursday. Essentials Express brings together a bespoke technology solution with MPC retailers and their sought-after product. Concept to delivery was accelerated to just one week through the agile collaboration of teams from across the business, in or...

Go Instore is powering the Currys PC World ShopLive experience to enable staff to work from home, serve customers remotely and support the transition of store re-openings as lockdown restrictions are lifted. from Retail Times https://ift.tt/2W9RC4c via IFTTT

Travis Perkins has given a coronavirus trading update as it released its first quarter results. The group’s like-for-like sales at its retail business climbed by 4.5%... View Article from The Retail Bulletin - Latest Retail News https://ift.tt/3aO5RAO via IFTTT

Courtney has worked in ecommerce and start-ups for the past 20+ years spanning the retail, technology and travel sectors especially in product development and marketing roles. ... View Article from The Retail Bulletin - Latest Retail News https://ift.tt/2yU9pUO via IFTTT

Metapack, a global leader in trusted eCommerce delivery technology, today announces that over 10 retailers have now deployed its Ship-from-Store solution, enabling them to transform physical stores into mini distribution centres and keep trading during the disruption caused by the COVID-19 crisis. from Retail Times https://ift.tt/2WcwslO via IFTTT

Following today’s release of Next Q1 figures for 2020/21, Sofie Willmott, lead retail analyst at GlobalData, a leading data and analytics company, comments: ‘‘Since it initially updated on its full year outlook in mid-March, Next’s worst case scenario has gone from bad to much worse with full-price sales now expected to fall up to 40% (versus its previous view of -25%), demonstrating how demand for clothing & footwear has dropped off a cliff. Considering Next was outperforming the market prior to COVID-19 hitting sales, helped by its strong online channel and wide product range, many clothing retailers will be performing much worse than it is and we expect more casualties over the coming months. from Retail Times https://ift.tt/35h74Q7 via IFTTT

Retailer cancels dividend and share buyback scheme ahead of projected 40% slump this year Next is cancelling its dividend and share buyback programme to save £480m as it warned sales would fall “faster and steeper” than previously feared during the coronavirus crisis. The fashion and homewares retailer warned it could slump to a loss of £150m – from a profit of almost £600m last year – as full price sales collapse by up to 40%. The prediction is a significant worsening from the 25% drop predicted by the group just last month. Continue reading... from Retail industry | The Guardian https://ift.tt/2YgWabK via IFTTT

Travis Perkins has given a coronavirus trading update as it released its first quarter results. The group’s like-for-like sales at its retail business climbed by 4.5%... View Article from The Retail Bulletin - Latest Retail News https://ift.tt/3bP3nn0 via IFTTT

Courtney has worked in ecommerce and start-ups for the past 20+ years spanning the retail, technology and travel sectors especially in product development and marketing roles. ... View Article from The Retail Bulletin - Latest Retail News https://ift.tt/2WaeG2C via IFTTT

Courtney has worked in ecommerce and start-ups for the past 20+ years spanning the retail, technology and travel sectors especially in product development and marketing roles. ... View Article from The Retail Bulletin - Latest Retail News https://ift.tt/2yU9pUO via IFTTT

Apologies, this took a little longer and got a bit lengthier than I originally intended.   “ If they look beyond heroic individualism and accept that individuals exist in a network of social bonds and obligations, we might just see a real realignment ” (James Kirkup, Why did Boris Johnson survive? Unherd , 15th April 2020) Ok, the quote above is taken from a very different context and meant in a different political way, but it sums up some of my views about what we are seeing in retailing and the evidence over the recent weeks that place has become more important to more people than ever before. Can we really be satisfied with the retailing system and the towns (high streets, town centres) we have, once the dust sort of settles from the pandemic? I hope not. The retail system in the UK is broken in many ways.  It works for quite a lot of people most of the time, but mainly the affluent and the car-borne, though not for all and when it works, it does so at the expense of bo...

Welcome to this monthly column within our broader sustainability section which focuses on what retail is doing to address the issues in its industry. Today we discuss the different sustainable edits available in the market place and their chances of success brought to you by Retail Insider with Clipper  and  Give Back Box The number of fashion retailers now offering sustainable edits across their range is steadily rising but the scope and remit varies considerably. In this month’s Sustainability column we assess who is guiding their consumers towards sustainability in fashion, how well are they doing it and which edits are expanding? All the stats and research to date seem to show that first the Millennials and now Generation Z are both willing to put their money where their mouths are when it comes to sustainability and what it means to them. For the Future: Boohoo.com’s sustainable edit A 2019 report from US company First Insight ‘The State of Consumer Spending:...

A company spokesperson at Zomato told TOI that the company has more than 3,500 partners on board, including FMCGs, retail chains such as ITC, Marico, Cipla, Nivea, Grofers among several others. from e-commerce - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2W6K8id via IFTTT

While many of us had huge plans for the year 2020, the year apparently had a different plan for us. This realization comes as we face the Covid-19 pandemic and are under lockdown. The biggest loss is coming in the form of human loss and fear of many more succumbing to it. Next to this […] from Indiaretailing.com https://ift.tt/2Sl8rIm via IFTTT

With almost 3 million cases of coronavirus worldwide and numerous countries enforcing lockdowns, global retail spend is anticipated to fall 3.0 percent in 2020, equating to US$ 549.7bn, in comparison to a previously expected rise of 5.0 percent prior to COVID-19 (+US$ 927.7bn), says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst […] from Indiaretailing.com https://ift.tt/2W9qOkl via IFTTT

The lockdown and retrenchment have spelled disaster business across the country to a standstill. While the extent of the lock down is hitherto uncertain, with a slew of states urging the central government for extension, retail entities can definitely use this time to their advantage. In this exclusive interview, Nitin Mohan, Founder & Director, Blackberrys […] from Indiaretailing.com https://ift.tt/3d1IV2J via IFTTT