Mon.Aug 28, 2023

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Why growing retailers prioritize the checkout experience

RetailDive

How you mix and match elements of the checkout experience can have a significant impact, and there’s a lot of opportunity to grow for retailers that have not optimized it.

Retail 81
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Pricing Optimization Solutions Are Becoming the Key to Revenue Maximization

Forrester eCommerce

Competition, economic conditions, and globalization are pushing companies to investigate ways and means to maximize their revenue and profitability. They are trying to achieve these objectives by reducing costs and increasing profits through revenue growth. Revenue growth is complex as it companies need to understand and balance multiple parameters to make it work.

Retail 391
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Instacart, Klaviyo Move Closer to IPO Filings

Retail TouchPoints

Instacart has moved another step closer to an IPO, filing an S-1 form with the Securities and Exchange Commission (SEC) but not providing information on how many shares the company plans to sell or at what price. Instacart had confidentially filed for an IPO in May 2022 but had not pursued it further until now. Additionally, marketing automation solution provider Klaviyo has filed an S-1 form for its IPO, also without specifying the number of shares it will offer or the stock’s price range.

Shopify 241
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The State Of Data Security, 2023

Forrester eCommerce

Data is everywhere. What constitutes sensitive data for organizations today has greatly expanded in type and format. In my latest report, The State Of Data Security, 2023, we reviewed and analyzed Forrester survey data to identify the key data security trends of the year.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Nordstrom Doubles Down on Rack Business Following 8.3% Revenue Drop

Retail TouchPoints

Nordstrom ’s net sales decreased 8.3% year over year in Q2 2023, which ended on July 29. The company pointed to the wind-down of Canadian operations and the shift in timing for its Anniversary Sale as two of the key reasons why the YOY revenue fall was so significant. Q2 2023 results included no sales from Canadian operations, compared with a full quarter of sales from Canadian operations in Q2 2022.

Supplies 233
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Building Self-Service Applications That Would Make Michelangelo Proud

Forrester eCommerce

“I saw the angel in the marble and carved until I set him free.” There is no proof that Michelangelo said this, but it is a beautiful metaphor apropos to building conversational AI (chatbots and voice self-service) applications with generative AI and large language models (LLMs).

Events 369

More Trending

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Prevent Data Turnovers With Insider Risk Management

Forrester eCommerce

Insider threat struck the world of professional sports recently when an employee of the NBA team the New York Knicks allegedly shared proprietary information with another NBA team, the Toronto Raptors. In a case of sports espionage, the Knicks are suing the Raptors for theft of assets that could give the Raptors a competitive advantage.

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WSJ: Rite Aid Prepping for Bankruptcy That Could Limit Opioid Lawsuits’ Impact

Retail TouchPoints

Rite Aid is reportedly preparing for a Chapter 11 bankruptcy filing that could take place within weeks, according to the Wall Street Journal. Quoting people familiar with the situation, the Journal reported that the move would help address the numerous lawsuits related to the retailer’s alleged role in the sale of opioids. Rite Aid provided no comment.

Other 216
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How to Build a Better Retail Assortment Strategy

Wiser

A well-curated retail assortment bridges the gap between customer preferences and demand for the products offered, ensuring that each item in your inventory adds value to the customer and your business. Moreover, an effective assortment strategy allows retailers to stand out in the fiercely competitive retail landscape, providing a unique and memorable shopping experience.

Retail 146
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Stimulating Impulse Purchases When the Thrill is Gone

Retail TouchPoints

Impulse purchases are an important part of a consumer brand’s revenue growth management (RGM) strategy. A brand’s impulse strategy works in step with retailers to understand where to place a product in-store to trigger more “can’t help myself” purchases, as well as develop exciting displays that reel in shoppers. Think of placing rows of gum at checkout and in-aisle candy shipper displays with mouth-watering graphics.

Mobile 203
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Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

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SMS marketing vs. Email marketing – which is better?

Omnisend

Reading Time: 8 minutes Many marketers believe that email, with its huge vast user base, works better than SMS for reaching people. But that might not be entirely true. When we look closely at SMS marketing vs email marketing, the choice is not as simple as many think. Both channels have their specific advantages and use cases. Smart marketers know it’s not about choosing one over the other.

Marketing 140
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Top 12 Amazon Keyword Tools for FBA Sellers: The Ultimate Guide

Algopix

In the vast and competitive landscape of Amazon’s online marketplace, effective keyword research is paramount for FBA (Fulfillment by Amazon) sellers to succeed. The right keywords can significantly impact product visibility, search rankings, and ultimately, sales. To conquer this domain, FBA sellers need the assistance of robust Amazon keyword tools that can uncover valuable insights, aid in targeting the right audience, and maximize profitability.

eCommerce 120
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Nordstrom to Ramp up RFID in Supply Chain Optimization Plans

RIS News

Nordstrom announced plans to build on their supply chain optimization initiatives, including boosting radio-frequency identification (RFID) initiatives while continuing to enhance inventory productivity and returns processing.

Supplies 102
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The12 Best Amazon Facebook Groups for Sellers

Algopix

In the dynamic landscape of e-commerce, Amazon has emerged as the undisputed king, providing countless opportunities for businesses to reach a global audience. Navigating the complexities of Amazon selling, however, can be a daunting task, especially for newcomers. This is where Facebook groups tailored for Amazon sellers come into play. These groups offer invaluable platforms for sharing knowledge, seeking advice, and staying updated on the latest industry trends.

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The Future of Multi-Vendor Commerce

In this on-demand webinar, discover how Logicbroker’s cutting-edge technology enhances the overall experience for both current and future customers and gain insights into how leveraging our seamless integration process unlocks new dimensions of efficiency and functionality. Plus, learn how our advanced marketplace features are set to revolutionize the way businesses operate, offering opportunities for growth and success within your multi-vendor commerce program.

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Trademarking Guidelines & Best Practices For Private Label Sellers

RetailMinded

Private label sellers are making their mark in the ever-expanding world of commerce across Canada and the rest of the world. They bring unique products to the market, build brand identities, and create loyal customer bases. But amidst the hustle and bustle of entrepreneurship, most private label sellers often overlook the role of trademarking in brand protection.

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How shoppers are using Bard, Bing and ChatGPT on their path to purchase

Talkoot

How shoppers are using Bard, Bing and ChatGPT on their path to purchase Brian Hennessy Talkoot Co-Founder & CEO This is the first installment in a series of articles on Chat Experience Results Page (CHERP) optimization and how to ensure your products appear prominently in the chat results of LLM-powered chatbots like Google Bard, ChatGPT and Bing.

Demo 78
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How to Set Up Your GA4 Integration With BigQuery

ROI Revolution

BigQuery provides brands with a world of possibilities with GA4 data, including blending it with customer databases or publicly available datasets. The data tables you can build in BigQuery go beyond what’s possible to achieve in the GA4 UI, and they’re more powerful and scalable with BigQuery than what you can do with spreadsheets. But the first step to achieving these exciting insights is to know how to set up your GA4 integration with BigQuery.

Events 78
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Rite Aid reportedly preparing Chapter 11 bankruptcy filing

RetailDive

A filing could help the retailer restructure $3.3 billion in debt and address a slew of lawsuits alleging it unlawfully filled opioid prescriptions.

Retail 98
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Forrester Report: Demystifying The Technical Functions of POS Solutions

Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.

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Subway Acquired by Roark Capital; SHEIN Aligns with SPARC Group

RIS News

Subway will be acquired by affiliates of Roark Capital, while SHEIN partners with SPARC Group to expand their offerings for consumers.

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Instacart files plans to go public

RetailDive

The grocery technology company, which intends to list its shares on the Nasdaq under the ticker symbol “CART,” said it has not yet determined how much money it will seek to raise through the IPO.

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Janie and Jack Integrates New POS System to Up Omnichannel Experience

RIS News

The children’s clothing retailer is migrating its legacy point-of-sale system to a cloud-based, omnichannel solution.

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New Gap Inc. CEO: ‘We need to make these brands matter more’

RetailDive

Further declines in Q2 greeted former Mattel executive Richard Dickson as he took the helm at the apparel conglomerate.

Apparel 92
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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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3 Ways AI is Disrupting E-Commerce

ChannelAdvisor

AI is certainly in fashion. But what is it doing to add value to the fashion industry? Or any industry for that matter? A lot. CommerceHub Chief Product Officer Aarthi Ramamurthy recently shared insights on AI’s e-commerce impact in three retail publications. Want to keep up with the speed of the industry? Here are a few takeaways you can’t afford to miss.

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Holiday 2023 guide: Seasonal trends to build your marketing strategy

RetailDive

Get insights into seasonal Holiday trends plus current shopper sentiment to build your strategy.

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Mi9 Retail Congratulates The Boy Scouts of America for A Successful Jamboree and Record Retail Performance

Mi9

MIAMI, FLORIDA, August 23, 2023 – Mi9 Retail is thrilled to extend our warmest congratulations to The Boy Scouts of America (BSA) for the successful organization of Jamboree 2023 and for achieving exceptional milestones by hosting over 15,000 attendees and seamlessly processing a record number of retail transactions during this event. The BSA National Jamboree 2023, held from July 19-28, 2023, brought together scouts from throughout the United States and its territories to celebrate unity, cama

POS 52
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Natura & Co considers selling The Body Shop

RetailDive

The Brazilian cosmetics conglomerate acquired the beauty brand in 2017 and is now exploring strategic alternatives amid declining performance.

77
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The B2B Digital Commerce Playbook for Manufacturers

In this comprehensive guide, we delve into four essential ecommerce strategies for manufacturers. Each strategy is backed by a clear vision to ensure your efforts are aligned. Whether you’re a seasoned industry player or a budding digitalization champion, these strategies offer actionable insights to drive success. What will you find in the guide: Overview of how current events and external pressures impact business priorities.

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3 Ways AI is Disrupting E-Commerce

ChannelAdvisor

AI is certainly in fashion. But what is it doing to add value to the fashion industry? Or any industry for that matter? A lot. CommerceHub Chief Product Officer Aarthi Ramamurthy recently shared insights on AI’s e-commerce impact in three retail publications. Want to keep up with the speed of the industry? Here are a few takeaways you can’t afford to miss.

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Madison Reed enters Walmart

RetailDive

The hair color and salon company is focused on growth across all distribution channels, CEO Amy Errett told Retail Dive.

Channel 80
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E-commerce Sales Funnel: A Step-Wise Strategy To Get More Sales

Ecommerce Guru

In the consistently developing universe of online business, the way to progress lies in not simply drawing in guests to […] The post E-commerce Sales Funnel: A Step-Wise Strategy To Get More Sales appeared first on Ecommerce Guru.

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Jennifer Aniston’s Lolavie continues retail expansion with Credo Beauty launch

RetailDive

The hair care brand entered Ulta Beauty in May as the company works to expand its reach.

Retail 82
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The Personalization Playbook: 2024 Strategies

Did you know—74% of IT leaders are looking to improve their tech stack to offer better personalization? It’s impossible to ignore the importance of personalization, but it comes with challenges. How do you do it with a tight budget? What about customer privacy and the use of data? The Personalization Playbook is packed with research and insights from Orium, Talon.One, and Bloomreach and gives IT leaders answers to these tough questions, helping them shape 2024 strategies for personalization.