#retail

#retail

Proposed bill in California aims to eliminate or restrict self-checkout to reduce shoplifting and preserve cashier jobs. [ more ]

Grocery store as content hub

Shift in food media landscape [ more ]

U.S. shoppers have increased expectations for the shopping journey as AI adoption rises in the retail industry.

33% of consumers already use Generative AI tools, with Millennials and Gen Z being the highest adopters. [ more ]

Opportunity to own a red telephone box in London for as little as £15,000 with planning permission for retail use.

Many red phone boxes in the UK have been sold off and repurposed into various creative and community-centric spaces. [ more ]

Shoppers expected to pack high streets for Boxing Day sales, but some areas, like London's Oxford Street, were surprisingly quiet.

Physical spending in stores increased by 3.5% compared to last year, while online spending declined by 2.8%.

Total UK retail sales were up 2.6% year-on-year, with in-store sales up 3.5% as shoppers returned to physical stores. [ more ]

The use of AI-enabled commerce tools is expected to drive $194 billion in sales this holiday season.

AI tools have the potential to save small businesses time and money and level the playing field for small companies. [ more ]

Eton Shirts AB and Valtech RADON won the Retail category at The Drum Awards for Creativity.

Eton Shirts focused on expanding its online store and targeting the US market. [ more ]

Eton Shirts AB and Valtech RADON won the Retail category at The Drum Awards for Creativity.

Eton Shirts focused on expanding its online store and targeting the US market. [ more ]

US shoppers set a new spending record on Cyber Monday, with $12.4 billion worth of online purchases, up 9.6% from last year.

Online spending during the five days from Thanksgiving to Cyber Monday totaled $38 billion, a 7.8% increase from the previous year.

E-commerce sales make up less than 16% of US retail sales, with the National Retail Federation set to release its own report later on Tuesday. [ more ]

Customer service can be improved by considering what to remove or change in processes, not just adding new elements. [ more ]

Foxtrot chain shutting down stores in Washington, DC, Illinois, and Texas. [ more ]

Many retail places that close early on Christmas Eve and completely on Christmas Day have adjusted hours on New Year's Eve and are open on New Year's Day.

Banks, stock markets, and county offices, courts, schools, and libraries in some areas will be closed on New Year's Day. [ more ]

Gap collaborates with Palace to create a new '90s-inspired collection featuring a reimagined logo.

Collection includes 55 pieces blending Gap's iconic items with Palace's branding, showcasing creativity and fun design elements. [ more ]

The books table at Costco offers a diverse selection of bestsellers at competitive prices.

Costco recognizes the importance of providing a break from wholesale shopping with a variety of items, including books. [ more ]

Despite the challenging post-coronavirus economy, Safeway-anchored shopping centers in the South Bay are seeing positive signs of growth.

One center in south San Jose received fresh financing, while another in Santa Clara was bought by a family-owned real estate firm. [ more ]

Movement gym has leased a former supermarket building in Mountain View to expand its gym and rock-climbing center.

The rental transaction demonstrates that deals can still occur in the Bay Area commercial real estate market, depending on the tenant and the type of operation. [ more ]

Amazon is launching a new Prime Day shopping event in the fall, in addition to the annual summer event.

The additional event is intended to stimulate sales during the COVID-19 pandemic and boost the company's revenue. [ more ]

Grocery chain Wegmans has signed a long-term deal for the former Bed Bath & Beyond space near Lincoln Center in Manhattan.

It is unclear if the store will be an upscale food market or a new concept. [ more ]

Del Frisco's Double Eagle Steakhouse has renewed its lease for 20 more years on Sixth Ave.

Anthropologie is returning to Soho after an eight-year absence [ more ]

Chanel opens its first U.S. watch and fine jewelry flagship boutique on Fifth Avenue in Manhattan

The location is strategically positioned among other luxury brands like Cartier and Tiffany & Company [ more ]

2024 has already seen job cuts in various industries, including retail and tech companies.

Companies are reducing their workforces to lower costs and improve their financial performance. [ more ]

The closure of the Infinite Loop store has hit hard for Apple fans and longtime employees who view it as a historic location.

The Infinite Loop store served as a testing ground for products and retail strategies before Apple became as ubiquitous as it is today. [ more ]

Macy's is closing 5 stores nationwide, including the San Leandro Macy's at the Bayfair Center.

2,350 employees will be laid off, representing about 3.5% of Macy's total workforce. [ more ]

The remaining storefronts on Bedford Avenue in Brooklyn have been demolished to make way for a new development.

The new development will feature a low-slung brick building with arches and big windows. [ more ]

Anthropologie and Free People are offering steep discounts on their sale sections.

There are a wide range of stylish and budget-friendly items available at both retailers. [ more ]

Many retailers may have increased prices after the holiday season promotions to make up for the discounts.

Some wines, such as Bordeaux and Rioja Reserva, are still available at affordable prices. [ more ]

The Ontario government is preparing to change the rules on alcohol sales, with potential implications for all types of alcohol retail.

The reforms have sparked a battle between supermarket companies, convenience store chains, beer and wine producers, craft brewers, and small wineries.

The government is facing a dilemma of giving the free market control while keeping revenue flowing into the provincial treasury. [ more ]

The Ontario government is preparing to change the rules on alcohol sales, with potential implications for all types of alcohol retail.

The reforms have sparked a battle between supermarket companies, convenience store chains, beer and wine producers, craft brewers, and small wineries.

The government is facing a dilemma of giving the free market control while keeping revenue flowing into the provincial treasury. [ more ]

Buying out of season can save customers nearly half the regular retail price on some items.

Price comparison websites and price drop alerts can help people to check whether they could be getting a decent price. [ more ]

Anchor Oyster Bar in San Francisco's Castro neighborhood is closing temporarily for a soft-story retrofit, along with updates to meet ADA requirements.

San Francisco supervisor Dean Preston is fighting the closure of the Fillmore Safeway store and asking for a guarantee of a new grocery store in the retail space. [ more ]

Regal Ventures has purchased ground-floor shops and a parking garage on the Sunset Strip in West Hollywood for $29.6 million.

The shops include a flagship location for Fred Segal and are fully occupied by various tenants such as Kith, Rumble, Tesse, and Tia. [ more ]

Social commerce is rapidly growing in the U.S., with $37 billion worth of goods and services purchased through social commerce channels in 2021.

By 2025, social commerce is predicted to reach nearly $80 billion in the U.S. and more than $2 trillion worldwide. [ more ]

43,160 'large' retail premises in England will face a 6.7% inflationary increase in their business rates next April.

The 6.7% increase is the biggest year-on-year increase to the standard business rates multiplier since 1991.

Increasing business rates could be a disincentive to invest for retailers. [ more ]

Print catalogs are making a comeback in retail marketing, with retailers like Nordstrom and Neiman Marcus finding success in combining print and digital elements.

Catalogs have a higher return on investment when combined with emails, and even higher ROI for hedonic and luxury products.

More companies are reallocating their digital marketing budget to print channels, influenced by changes in social/digital platforms. [ more ]

Freezing the small business rates multiplier for another year and extending the discount for occupied retail, leisure, and hospitality premises will save businesses thousands of pounds in business rates.

The average shop, restaurant, pub, and café will save between £6,072 and £16,507 in business rates next April.

The savings are a result of the 75% discount and the freezing of the small business rates multiplier for 2024/25. [ more ]

Today's shoppers prioritize convenience, value, and sustainability.

Brick-and-mortar stores must offer value beyond the purchase to appeal to socially-driven shoppers. [ more ]