Department Stores

Hanshow and Industry Partners Unveiled Innovative GenAI and Green Digital Solutions at CHINASHOP 2024

Retrieved on: 
Wednesday, March 27, 2024
Technology, Discount, Variety, Department Stores, Supermarket, IOT (Internet of Things), Green Technology, Software, Sustainability, Retail, Networks, Environment, Electronic Design Automation, Data Management, Supply Chain Management, Convenience Store, Online Retail, Artificial Intelligence, Microsoft, OpenAI, National Convention, NRF, Digitalization, POP, ESL, Exhibition, Ecosystem, ChatGPT, Multimedia, Marketing, Convention center, Generative, Video game

Under the theme "Green Digitalization and GenAI for Sustainable Retail," Hanshow debuted its pioneering GenAI product strategy, marking a significant leap forward in retail's AI era.

Key Points: 
  • Under the theme "Green Digitalization and GenAI for Sustainable Retail," Hanshow debuted its pioneering GenAI product strategy, marking a significant leap forward in retail's AI era.
  • Microsoft and Hanshow jointly held a high-level roundtable forum to explore revolutionary omnichannel GenAI retail applications and trends and the green development and digital transformation of the retail industry.
  • As a pioneer in retail digitalization, Hanshow combines industry insights with GenAI to present innovative digital store solutions," stated Frank Kong, Microsoft China's General Manager of Retail Consumer Goods.
  • Coming up, Hanshow and Microsoft’s GenAI marketing solutions for consumers will also be unveiled at the NRF exhibition in Singapore in June 2024, covering the four areas of store operations, consumer experience, store media, and green energy.

Levi Strauss & Co. to Webcast First Quarter 2024 Earnings Conference Call

Retrieved on: 
Wednesday, March 20, 2024
Luxury, Textiles, Department Stores, Other Retail, Manufacturing, Fashion, Retail, Supply Chain Management, Online Retail, Webcast, LEVI, Levi Strauss & Co.

Levi Strauss & Co. (NYSE: LEVI) will host a conference call to discuss the company’s financial results for the first quarter ended February 25, 2024.

Key Points: 
  • Levi Strauss & Co. (NYSE: LEVI) will host a conference call to discuss the company’s financial results for the first quarter ended February 25, 2024.
  • To access the conference call, please pre-register using this link .
  • A replay of the webcast will be available on http://investors.levistrauss.com starting approximately two hours after the event and archived on the site for one quarter.
  • To access the company’s related press release on April 3, 2024, please visit http://investors.levistrauss.com .

Naturalizer Debuts Gen N Project Series with Deepica Mutyala, Live Tinted Founder

Retrieved on: 
Wednesday, March 20, 2024
Other Philanthropy, Women, Department Stores, DEI (Diversity, Equity and Inclusion), Specialty, Social Activism, Consumer, Fashion, Cosmetics, Retail, Teens, Parenting, Children, Communications, Professional Services, Philanthropy, Footwear, Influencer, Foundation, Online Retail, Philosophy, Partnership, Symbolism, Shoe, CAL, Woman, Illuminate, Multimedia, Collection, Gen, Human

Deepica Mutyala, founder & CEO of Live Tinted, is the inaugural partner in the collaboration series, which was born out of the belief that inclusivity and transparency can inspire a more comfortable future for all women.

Key Points: 
  • Deepica Mutyala, founder & CEO of Live Tinted, is the inaugural partner in the collaboration series, which was born out of the belief that inclusivity and transparency can inspire a more comfortable future for all women.
  • View the full release here: https://www.businesswire.com/news/home/20240320165393/en/
    Deepica Mutyala, founder & CEO of Live Tinted, collaborated with Naturalizer on a capsule collection of footwear as part of Naturalizer's Gen N project.
  • (Photo: Business Wire)
    Naturalizer created the Gen N Project to advance the ideals of comfort for women through a series of partnerships with women and brands inspiring the future with their actions.
  • Learn more about the Gen N Project here and follow @Naturalizer to see what comes next.

Couche-Tard and RELEX Partner to Amplify North American Operations

Retrieved on: 
Wednesday, March 20, 2024
Technology, Retail, Trucking, Supply Chain Management, Home Goods, Online Retail, Convenience Store, Artificial Intelligence, Transport, Department Stores, Other Retail, Software, Data Management, Logistics, Merchandising, Forecasting, Circle K, Gastrointestinal tract, Alimentation Couche-Tard, Senior

Alimentation Couche-Tard (Couche-Tard), a global leader in convenience and mobility, and RELEX Solutions , a provider of unified supply chain and retail planning solutions, today announced an agreement that will implement the RELEX unified supply chain and retail planning solutions across Couche-Tard’s North America operations.

Key Points: 
  • Alimentation Couche-Tard (Couche-Tard), a global leader in convenience and mobility, and RELEX Solutions , a provider of unified supply chain and retail planning solutions, today announced an agreement that will implement the RELEX unified supply chain and retail planning solutions across Couche-Tard’s North America operations.
  • Utilizing the automated RELEX demand forecasting and replenishment solutions, Circle K aims to enhance inventory management by optimizing store stock levels, while ensuring products are available when and where customers need them.
  • The decision to implement RELEX is propelled by a need for a more integrated inventory management system capable of managing the scale and complexity of Couche-Tard’s operations.
  • Since 2017, RELEX has provided Couche-Tard's European business with measurable results after implementing a unified supply chain and store and floor planning solution.

Citi Trends Announces Fourth Quarter and Fiscal 2023 Results

Retrieved on: 
Tuesday, March 19, 2024
Footwear, Fashion, Retail, Jewelry, Other Retail, Home Goods, Department Stores, Growth, Face, EPS, Citi Trends, African Americans, CTRN, GAAP, Share repurchase, Marketing, Total, Video game

Our strong execution of the business across our strategic priorities fueled our performance throughout the quarter.

Key Points: 
  • Our strong execution of the business across our strategic priorities fueled our performance throughout the quarter.
  • Midway through the first quarter, we are encouraged by our positive comp results and sequential improvement versus prior quarters driven by traffic growth and strong conversion.
  • At the end of fiscal 2023, $50.0 million remained available under the Company’s share repurchase program.
  • The live broadcast of Citi Trends' conference call will be available online at the Company's website, cititrends.com, under the Investor Relations section, beginning today at 9:00 a.m.

Kohl’s Unveils New Approach to Home, Delivering a New and Expanded Assortment of Stylish and Affordable Home and Seasonal Decor

Retrieved on: 
Tuesday, March 19, 2024
Women, Department Stores, Men, Home Goods, Catalog, Family, Consumer, Retail, Online Retail, Growth, Glass, KSS, Injection, Creativity, Ceramic, Lighting

Today, Kohl’s (NYSE: KSS) unveils its new approach to home – a strategy designed to deliver customers a fresh and expanded selection of stylish home and seasonal decor, all at affordable prices.

Key Points: 
  • Today, Kohl’s (NYSE: KSS) unveils its new approach to home – a strategy designed to deliver customers a fresh and expanded selection of stylish home and seasonal decor, all at affordable prices.
  • The significantly expanded assortment, available now both in-store and online, offers customers an inspiring and discover-worthy curation of home and seasonal products in new categories and styles for every home.
  • A Seasonal Decor Destination: Kohl’s new home strategy is also positioning the company to be a year-round destination for everyday occasions and seasonal holidays.
  • Forward-looking statements relate to the date initially made, and Kohl’s undertakes no obligation to update them.

Solo Brands Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2024

Retrieved on: 
Tuesday, March 19, 2024
Fashion, Online Retail, Retail, Other Retail, Home Goods, Department Stores, Specialty, Editorial, Culture, Organization, Growth, Final good, MIC, AI, Hope, DTC, ITunes, Most

Solo Brands, Inc. (NYSE: DTC) (“Solo Brands” or “the Company”), a leading omnichannel lifestyle company with beloved brands such as Solo Stove, Chubbies, ISLE, Oru Kayak and IcyBreeze, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024.

Key Points: 
  • Solo Brands, Inc. (NYSE: DTC) (“Solo Brands” or “the Company”), a leading omnichannel lifestyle company with beloved brands such as Solo Stove, Chubbies, ISLE, Oru Kayak and IcyBreeze, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024.
  • Alongside the World's 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions.
  • "We are truly honored to be recognized by Fast Company as one of the Most Innovative Companies, especially within the Consumer Goods category," said Chris Metz, President and CEO of Solo Brands.
  • The Solo Brands portfolio is filled with leading lifestyle brands that have trailblazed the industries in which they compete.

Kontoor Brands Announces Tom Waldron as Chief Operating Officer

Retrieved on: 
Tuesday, March 19, 2024
Fashion, Retail, Department Stores, Manufacturing, Specialty, Textiles, Growth, EVP, Procter, Kontoor Brands, SVP, KTB, Melaleuca, Marketing, Wrangler, Procter & Gamble, Management

Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tom Waldron as Chief Operating Officer, effective March 19, 2024.

Key Points: 
  • Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tom Waldron as Chief Operating Officer, effective March 19, 2024.
  • “We are further advancing our operating model in conjunction with Project Jeanius to simplify our organization and increase speed and efficiency,” said Scott Baxter, President, Chief Executive Officer and Chair of Kontoor Brands.
  • “As the next step, I am pleased to announce that Tom Waldron has been appointed to the position of Chief Operating Officer of Kontoor Brands.
  • This appointment helps to bring together our business and support the next phase of growth and value creation at Kontoor.”
    As Chief Operating Officer, Waldron will assume responsibility for both Wrangler and Lee globally.

Beech-Nut® Nutrition Company Launches Prebiotic Offerings and Delicious, New Snacks for Babies and Toddlers

Retrieved on: 
Tuesday, March 19, 2024
Online Retail, Family, Supermarket, Department Stores, Specialty, Consumer, Convenience Store, Food, Beverage, Parenting, Retail, Children, Baby, Maternity, Women, USDA, Beech-Nut, Kiwi, Apple, GMO, Child, Walmart, Nutritional science, Fruit, Prebiotic (nutrition), Cherry, Snack, Multimedia, Parent

Beech-Nut® Nutrition Company, a leading baby and toddler food manufacturer, launches seven new food and snack innovations made with ingredients like prebiotics, whole milk yogurt, fruits, and veggies.

Key Points: 
  • Beech-Nut® Nutrition Company, a leading baby and toddler food manufacturer, launches seven new food and snack innovations made with ingredients like prebiotics, whole milk yogurt, fruits, and veggies.
  • View the full release here: https://www.businesswire.com/news/home/20240319161223/en/
    Beech-Nut Nutrition Company 2024 Innovation Product Line (Photo: Business Wire)
    Organic Fruit & Yogurt Jars with Prebiotics: Beech-Nut is launching the first baby food offering available in a jar or tub with prebiotics.
  • The new jars will be available in two flavors – Banana Berry and Banana Orange – ideal for babies 6 months and up*.
  • Organic Fruit & Yogurt Jars with Prebiotics are USDA-certified organic, made with whole milk yogurt and non-GMO ingredients, and provide one full serving of fruit.

New ICSC Consumer Returns Data: Brick-and-Mortar Shopping Drives Lower Return Rate Than Online Shopping

Retrieved on: 
Tuesday, March 19, 2024
Online Retail, Retail, Department Stores, Commercial Building & Real Estate, Construction & Property, Consumer, ICSC, Research, Halo effect, Online shopping

Our latest findings further prove this by showing that the return rate for in-store purchases is three times less than the return rate for online purchases.

Key Points: 
  • Our latest findings further prove this by showing that the return rate for in-store purchases is three times less than the return rate for online purchases.
  • Additionally, consumers are becoming more mindful of changing return policies that result in fees and shortened return windows.”
    The average return rate for online transactions is 15.2%, three times higher than the 5% return rate for in-store purchases.
  • 82% of respondents said that when shopping online, return policies influence whether they decide to purchase from a retailer.
  • While stricter online return policies might drive consumers away from shopping online, it can drive shoppers to stores.