Woolworths South Africa Taps First Insight for Retail Tech Platform

15 May

With the aim of optimizing product development, sourcing and merchandising capabilities, Woolworths Group’s South African division inked a take care of First Insight for the corporate’s Next-Gen Retail Tech Platform. The South African retailer’s goals in using the answer are to bolster margins and drive customer engagement. In an announcement Monday, Woolworths South Africa said it's going to use First Insight’s platform “to assemble zero-party, Voice of Customer data and operationalize product testing for faster and higher merchandising decisions of their womenswear division,” adding that the partnership “will empower Woolworths with actionable insights to guide their product investment, pricing, and marketing decisions.” Greg Petro, chief executive officer of First Insight, said his company’s “proven data gives retailers and types the insight and...

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26 Apr

Will 2023 Be One other ‘Golden Yr’ for Luxury

by Beauty Tips

Fashion, Featured

Will 2023 Be One other ‘Golden Yr’ for Luxury

SHANGHAI — In contrast to most predictions that expect China to start 2023 with a U-shape recovery, the country’s luxury retail got off to a superb start this 12 months and it was well reflected in first-quarter results for the essential luxury conglomerates. LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury group, saw its overall first-quarter revenues rise 17 percent year-over-year, doubling analysts’ expectations. LVMH’s shares soared to a record high on Monday, which led the posh giant to grow to be the primary European company to surpass $500 billion in market cap. “We registered some pretty nice pick-up in China, which bodes well for the remainder of the 12 months,” said Jean-Jacques Guiony, chief financial officer of LVMH, who characterised...

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22 Apr

P&G Beats Wall Street Expectations, Awaiting Return of Travel

by Beautifaire101

Beauty, Featured

P&G Beats Wall Street Expectations, Awaiting Return of Travel

Procter & Gamble beat Wall Street expectations on the highest and bottom lines, but profits were bolstered partly by price hikes and it still isn’t seeing the recovery in travel retail that it had hoped for. The buyer goods giant reported third-quarter fiscal-year 2023 net sales of $20.1 billion, a rise of 4 percent versus the prior 12 months. Analysts polled by Factset forecast $19.3 billion. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, rose 7 percent. Diluted net earnings per share were $1.37, a rise of three percent versus the prior 12 months, beating Wall Street expectations for $1.32. Net earnings were $3.4 billion for the quarter. P&G raised its guidance for fiscal 2023 all-in sales to grow...

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