Mon.Nov 27, 2023

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Fight inflation with algorithmic retailing: a strategy for growth in a difficult market

365 Retail

Inflation remains a huge problem for consumers reticent to spend and retailers struggling to stay afloat. While the rate of inflation is in slight decline, it is still more than three times the BoE’s 2% target. Shop prices rose at an annual rate of 6.2% in September, down from 6.9% in August according to figures published by the British Retail Consortium.

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OpenAI Has Five Possible Paths To Monetization

Forrester eCommerce

What OpenAI’s Future Monetization Model Might Mean For The Company — And For You OpenAI has been all over the news recently, for all the wrong reasons. A dramatic showdown between members of the board of directors, company executives, investors, and even employees caught everyone’s attention.

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Touchland CEO Reveals 5 Social Media Best Practices for the Holidays

Retail TouchPoints

This is Part 3 of The Holiday Readiness Series, which will feature tactical tips and takeaways from experts that retailers can still apply to rev up their sales results. Looking for even more data and insights to power your approach? Check out Part 1, which focused on improving CX and Part 2, which focused on empowering store associates. Touchland is more than just a hand sanitizer brand — it’s a self-care brand, according to Andrea Lisbona, the company’s Founder and CEO.

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The State Of B2B Marketing Measurement In 2023: Five Key Observations

Forrester eCommerce

What exactly is the current state of B2B marketing measurement, what do B2B marketing leaders need to look out for, and what can be improved? Here are five key measurement observations from Forrester’s Marketing Survey, 2023.

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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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Digital Revolving Credit: A Potentially More Responsible Financing Option than BNPL

Retail TouchPoints

As the CEO of FuturePay, I’d like to shed light on some of the benefits of digital revolving credit over buy now, pay later (BNPL) options. Digital revolving credit is an ecommerce financing option that allows users to instantly open a revolving line of credit in the shopping cart that can be used and reused repeatedly over a lifetime. This is in comparison to BNPL’s payment option, which finances individual purchases with separate fixed-term installment loans.

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Tech Leaders: Drive Towards Successful Business Outcomes In 2024

Forrester eCommerce

Discover the three distinct ways leading CIOs are driving their firm's growth agenda (and how they're using generative AI).

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Retailers Focus Giving Tuesday Efforts on Feeding People, Pets

Retail TouchPoints

Among the many charity-themed promotions associated with Giving Tuesday on Nov. 28, several are designed to feed the hungry — whether they have two legs or four. From Nov. 27 to Dec. 4, 2023, Instacart and participating CPG brands will donate one serving of fruits and vegetables for every dollar spent on the platform for these brands, up to a collective total of 1 million servings.

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How Poor UX Affected My Choice of Insurance Provider

Forrester eCommerce

This is a story of how user experience flaws drove me away from one insurance provider into the arms of its competitor.

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Discounts Drive Record-Breaking Black Friday, Cyber Weekend Spending

Retail TouchPoints

As Cyber Monday sales continue to roll in, Cyber Week appears to have allayed retailers anxieties by delivering another year of record consumer spending, according to Adobe Analytics. Online spending on Black Friday came in above projections, at $9.8 billion (up 7.5% YoY); Thanksgiving drove $5.6 billion in online sales (up 5.5% YoY); and Adobe is predicting that Cyber Monday will be the biggest online shopping day of all time with a sales forecast between $ 12 billion and $12.4 billion.

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Custom GPTs for Marketers

Practical eCommerce

Custom GPTs can generate logos, web layouts, content analysis, brand messaging, and much more. The post Custom GPTs for Marketers appeared first on Practical Ecommerce.

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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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Ikea Debuts ‘Plan and Order Point’ Store Format in Dallas Market

Retail TouchPoints

Ikea will open a Plan and Order Point as its third store in the Dallas-Fort Worth market on Nov. 29, 2023, offering design consultations as well as a location where customers can pick up their online orders. The 10,800-square-foot location in Southlake joins two large-format stores in Frisco and Grand Prairie, Texas. Customers can book appointments with Ikea experts while they design, quote and order Ikea products, and while customers won’t be able to take products home directly, Ikea can arrang

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Yodel and Vinted Strengthen Partnership to Bolster UK’s Pre-Loved Fashion Delivery Network

365 Retail

Yodel has recently declared an extension of its collaboration with Vinted , the online marketplace. This enhanced alliance, solidified through a multi-year contract, foresees a notable escalation in the number of parcels managed by Yodel, an independent carrier. Under this agreement, the volume of parcels from Vinted expected to be processed by Yodel will see a considerable increase.

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Abercrombie & Fitch sales jump 20% in Q3

RetailDive

The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.

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Ecommerce Product Releases: Nov. 27, 2023

Practical eCommerce

Many companies provide software and services for ecommerce merchants. Every week we publish a rundown of new updates and releases. The post Ecommerce Product Releases: Nov. 27, 2023 appeared first on Practical Ecommerce.

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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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Walmart is widening the gap with Amazon in grocery e-commerce, report finds

RetailDive

The retailer's share of the online grocery market will expand to nearly 27% by the end of 2024, while Amazon’s will slip to 18.5%, according to Insider Intelligence.

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Unclaimed Baggage Store in Alabama Sells Lost Luggage From Airlines

RetailWire

Millions of vacationers are making their way back home from their Thanksgiving trips, and for some, their lost luggage will end up as unclaimed baggage.

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What’s new: Omnisend’s November 2023 updates

Omnisend

Reading Time: 5 minutes November for ecommerce brands can only mean one thing: it’s the holiday season. There’s not only the behemoth that is Black Friday Cyber Monday, but Christmas is fast approaching too. This means you want your forms and emails to be highly effective at turning visitors into subscribers, and subscribers into customers and repeat buyers.

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Urban Outfitters’ Nuuly rental business turns a profit in Q3

RetailDive

In addition to a swing into the black with $300,000 in operating profit, sales soared 86% at the unit, which also offers some resale.

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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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Gas Attendant’s Mistake Wins One Man $25K for Life

RetailWire

A Michigan man won $25K a year for life after a gas station attendant made a mistake on his lottery ticket.

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Madhappy opens first store

RetailDive

The 2,800-square-foot location is in West Hollywood, California, and features an assortment of its apparel as well as an on-site cafe.

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Google To Begin Deleting Inactive Accounts as Early as December

RetailWire

If users want to keep their older Google accounts active, they can take certain steps to ensure none of their data is lost.

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Tapestry’s New Las Vegas Fulfillment Center to Tap Robotics

RIS News

Joseph Gillespie, senior director of engineering and facilities for Tapestry’s North America fulfillment centers, shared with CGT details about the latest advancements in technology within fulfillment.

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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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Amazon Overtakes FedEx and UPS as the Top Delivery Business

RetailWire

Amazon has emerged as America's No. 1 delivery business, surpassing both UPS and FedEx.

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Allbirds begins selling on Amazon

RetailDive

The sustainability-focused brand expands its sales channels amid a company-wide transformation effort focused on improving profitability.

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Go Local expansion in the West Midlands

TalkingRetail

Parfetts said it is attracting new retailers to the Go Local fascia across the West Midlands following the opening of its Birmingham depot. Four new Go Local Extra and nine Go Local fascia stores have joined Parfetts growing network of over 1,200 stores. The latest additions to the network also include eight bespoke stores, where.

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Home gym company Tonal partners with Best Buy

RetailDive

The brand’s products can be purchased on Best Buy’s website in what the DTC company says is a “large-scale retail expansion.

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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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Major tobacco and vape company calls for more regulation

TalkingRetail

BAT, the UK’s largest listed tobacco and vaping company, has launched a multi-pronged media campaign urging new regulations be introduced so the vaping industry can fulfil its potential to make smoke-free a reality in the UK. England wants to be smoke-free (smoking prevalence falling to 5% or less) by 2030 – with Wales targeting a.

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Walmart adding parcel stations for faster delivery, greater density

RetailDive

The retailer plans to have more than 40 stations, described as mini post offices, in its stores by the end of 2023.

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Mobile Purchases Surge During Record-Breaking Black Friday

RetailWire

Black Friday lived up to its reputation as a powerhouse for retail with record-breaking sales this year.

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Driving Digital Transformation in the Heavy-Duty Industry with TruckPro

Pivotree Blog

By: Sam Russo In a fireside chat at the Syndigo Connect Conference in Chicago on November 9, Reid Garrett, VP, Product Management and Merchandising, TruckPro, shared significant aspects of the dynamic partnership the organization has developed with Pivotree and Syndigo over the last several years. TruckPro is a large North American heavy-duty parts distributor for the maintenance, repair, and operations industry.

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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.