Sun.Mar 17, 2024

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Baby Boomers spend more on online shopping despite cost-of-living pressures

Inside Retail

While Baby Boomers and Gen X spent more on online shopping last year, the younger generations reduced online spending amid financial pressures, according to an Australia Post study. Baby Boomers spent $12.5 billion on online purchases last year, up 7 per cent, the 2024 Inside Australian Online Shopping Report showed. Similarly, Gen X spent $17.5 billion, a slight increase of 1 per cent.

Shopping 298
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Touchwood 98.5% Let following Oliver Bonas arrival

Retail Focus

Touchwood shopping centre is approaching full occupancy following the arrival of Oliver Bonas at the Solihull destination. The fashion, jewellery, homeware and gifts brand has taken a ten-year lease of unit 26 within the Mill Lane Arcade area of the scheme, totalling 3,015 sq ft. The latest letting brings Touchwood to 98.5% let, and further strengthens what is already the region’s leading retail line-up.

Gifts 147
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Bakers Delight’s promo product pricing plan hits ACCC roadblock

Inside Retail

The Australian Competition and Consumer Commission (ACCC) has blocked a Bakers Delight plan to install a new product price tiering system for a range of promotional products in its new point-of-sale system. The ACCC rejected the application by the franchisor to change how some discounts are applied because of concerns about franchisees’ inability to set prices based on local market conditions and costs.

Planning 272
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Fabb Furniture opens first Nottingham store

Retail Focus

Fabb Furniture’s first Nottingham store opened its doors on Friday, March 15, at Castle Marina Retail Park. The store, the home retailer’s 22nd store nationwide, will be a debut partnership between Fabb Furniture and Bensons For Beds, offering locals the ultimate home comforts and experience. To mark the occasion, a Grand Opening Sale and Celebration Savings took place at the store, providing customers with a warm welcome.

Interior 147
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AI for Commerce: Foundations, Aspirations, and Hype

AI is rapidly transforming digital commerce, but how do you separate real opportunities from hype? Moderated by Orium, AI for Commerce: Foundations, Aspirations, and Hype , experts from Bloomreach , commercetools , Contentstack , and Fluent Commerce explores where AI is already delivering results and where its potential is still unfolding. This masterclass dives into proven AI applications, emerging innovations , and the gaps between promise and reality in commerce.

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McDonald’s outage underlines the risks of retailers becoming too reliant on tech

Inside Retail

When McDonald’s first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus, and its customers paid cash to its human cashiers. How quaint. Today technology so infuses every aspect of McDonald’s business that it would only be a slight exaggeration to call it a tech company that happens to sell burgers.

Pattern 130
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Vincent Van Duysen transforms Milanese palazzo into "sensual" Ferragamo store

Dezeen

Belgian architect Vincent Van Duysen has completed a boutique in Milan for Italian fashion house Ferragamo , featuring red marble panels and an alcove covered in ceramic petals that offset the original Renaissance-style interiors. The store is located within Palazzo Carcassola Grandi, which was originally built in the 15th century and now occupies a prime spot on Milan's Montenapoleone fashion street.

Boutique 102

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Design Middle East March 2024

Design Middleeast

The post Design Middle East March 2024 appeared first on Design Middle East.

Design 97
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Porsche’s CEO for Apac explains the vision behind its new retail concept

Inside Retail

In the heart of Singapore’s downtown district, a beacon of automotive innovation has emerged, promising to redefine the customer experience in the luxury car market. With the unveiling of Porsche Studio Singapore, a collaboration between Porsche Asia Pacific and Eurokars Group, automotive enthusiasts and brand aficionados alike are being treated to an immersive journey into the world of Porsche like never before.

Concept 130
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La Prairie names Belinda Besant as ANZ retail director

Inside Retail

Skincare brand La Prairie has appointed Belinda Besant to the newly created role of ANZ retail director, effective April 1. Besant has been working at La Prairie for more than 13 years, serving as education director, regional training and events manager, and national training and events manager. “This change is in recognition of Belinda’s expertise in sales strategy and account management, in addition to her loyalty and deep knowledge of La Prairie,” La Prairie ANZ MD Rosi Fern

Promotion 130
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Lucky dip in Brussels: Store sells still-sealed unwanted Amazon parcels

Inside Retail

A shop has opened in Brussels selling still-sealed unwanted Amazon parcels by the kilo, effectively a lottery ticket which could win the holder a connected watch, a smartphone – or a worthless trinket. The shop called “Pile ou Face”, French for “Heads or Tails”, is located near the central square Place Flagey and offers the parcels at US$17.40 per kilo.

Shopping 130
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Staying Ahead of UFLPA Enforcement: Best Practices for Retail Supply Chains

Speaker: Ethan Woolley, Director at Kharon

This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia

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Jeans for the greater good: Outland Denim

Inside Retail

Premium jeans label Outland Denim was launched in 2016, but planning for the venture stretched for six years before that, founder and CEO James Bartle said. “We worked on the social impact model and proving what it could do,” Bartle said. “The idea and the concept behind it is that we believe you can use consumerism for good.” At the heart of the consumerism for good strategy is a policy of empowering the people – mostly women in Cambodia – and paying them living wages.

Strategy 130