Mon.Oct 09, 2023

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Retail’s Escalating Commitment to a Failing Course of Action

Steve Dennis

Anyone who follows the machinations of the retail industry will know that many struggling retailers continue to put forth breathless pronouncements of their alleged transformations. Yet the department store industry in particular seems to be the poster child for doubling down on a losing hand. In the United States, the mid-priced tier—Macy’s, JC Penney, Kohl’s, and Dillard’s—have tried a lot of things, but ultimately have been running to stand still for years.

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NOT Your Dad’s Supply Chain: 4 Trends Every Retail Exec Should Know for 2024

Retail TouchPoints

In 2024, it won’t be your dad’s supply chain. Shoppers’ retail preferences will be unlike anything we’ve seen even just a year ago. More fluid. Less predictable. Highly distributed! These four emerging trends elevate the urgency for supply chain execs to move distributed order management (DOM) to the top of their lists. #1: Retailers are testing brands, hiding the parent brand.

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How To Resell Shoes: A Complete Guide To Sneaker Reselling

My Wife Quit Her Job

If you’re a sneakerhead looking to turn your love for kicks into a profitable venture, starting a sneaker reselling business is a fantastic idea. The process of sneaker reselling is pretty simple. You scout for both new and used sneakers with a substantial resale value, secure them at competitive prices, and then sell them at a healthy profit. The best part is that you don’t need to create anything from scratch or invest time in production.

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Walmart Unveils Slate of Tech Initiatives Using Generative AI and AR

Retail TouchPoints

Walmart has unveiled a host of new tech-powered experiences that it has already launched or is currently testing, all designed to simplify the lives of its customers. The tools already launched include enhanced search via the use of generative AI, a new beauty try-on experience and a voice assistant in the retailer’s app. Here’s the full slate of new tech that Walmart is rolling out and/or working on: Generative AI-enhanced search to generate more relevant results based on context and allow cust

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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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Pinterest-Worthy Corporate Gift Ideas

lateshipment

Ah, the art of gift-giving. Who doesn’t like gifts? Especially when the gift comes from the company that you are working for, or if you are giving gifts to your co-workers, colleagues, or employees, it definitely has a personal touch to it. Corporate Gifts are one way to foster a good relationship with people around you or the people you do your business with.

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Kroger Marks Hispanic Heritage Month with $1 Million Donation

Retail TouchPoints

The Kroger Co. Foundation has awarded $1 million in grants to organizations empowering and advancing the Hispanic community as it marks Hispanic Heritage Month. “We launched the Racial Equity Fund in 2020 to catalyze innovative approaches that help create stronger communities,” said Keith Dailey, Group VP of Corporate Affairs at Kroger and President of the Foundation.

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Boosting Brand Performance Through Field Team Empowerment

Wiser

The empowerment of a field force could be the crucial factor that determines whether a brand edges ahead of the competition or falls behind. The field force is the backbone of a brand; these individuals make direct contact with the market, convey the brand message to the audience, and gather critical feedback from them. Which is why having a well-trained, well-equipped, and highly motivated team is paramount to the success of a brand.

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Showfields files for bankruptcy

RetailDive

The department store retailer recently closed two of its stores, in Miami and New York City’s Manhattan borough, but is eyeing expansion elsewhere.

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What is the most popular cryptocurrency

365 Retail

Many people are switching to digital money because they notice the comfort and convenience in it. Cryptocurrency in turn can be used for different purposes. It can be both investment, buying, selling, trading, etc. Each user has to determine their main goals on their own. After that, it is worth studying the topic – crypto card. They come in different flavors, and allow you to do transactions related to different tokens.

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Stitch Fix to lay off 558 in Dallas as it carries out distribution center closures

RetailDive

The apparel e-retailer said it may rehire some of those leaving as it shifts its focus to remaining facilities in Atlanta, Phoenix and Indianapolis.

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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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The Future of Digital KYC: 4 Bold Predictions

Digital Doughnut

Unlocking the future: From facial recognition to blockchain, AI, and global standardization - the evolution of digital KYC. Embrace the future of identity verification!

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4 Steps for Unlocking Retail Success This Holiday Season

RIS News

From embracing changing consumer behavior to being proactive in their promotional strategies, there are ways to prevent Ebenezer Scrooge from crushing the holiday spirit.

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Video: Proven Strategies for Effective Holiday Ad Creative

ROI Revolution

Creative is a crucial component of an effective paid media ad strategy for the holidays. Watch this video to discover a strategic paid media framework for building effective holiday ad creative. Proven Strategies for Effective Holiday Ad Creative I’m excited to tell you about this framework to build effective strategies for holiday ad creative.

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Loyalty Tops Retailers’ Wish Lists as Holiday Sales at Walmart, Amazon, Target, and More Kick Off

RIS News

October holiday sales at Amazon, Target, and Walmart are here, ushering in the holiday shopping season and rewarding loyalty members with early deals.

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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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Continuing its brick-and-mortar expansion, Mizzen+Main plans 3 stores this fall

RetailDive

The DTC men’s apparel brand is hoping to operate 10 locations by the end of the year with more slated to open in 2024.

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Unilever, Walmart, Bel Group Pledge #TooGoodToWaste With Consumer Goods Forum

RIS News

A host of CPG companies and retailers, including Unilever, Bel Group, and Walmart, are aligning with the Consumer Goods Forum in a bid to combat food waste across the value chain.

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Take-back programs are the gateway to resale for brands, and data is leading to increased investment

RetailDive

Resale momentum continued unabated into 2023, and with 86% of retail executives saying their customers are already participating in resale, the question among brands is no longer if they’ll get into resale but how.

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Levi’s End-to-End Supply Chain Investments Support Inventory Demand and Global DTC Focus

RIS News

Learn how a change enabled by Levi’s recent ERP upgrade simplifies the retailer’s global ways of working with suppliers in line with industry standards.

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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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Puma taps Adidas veteran as SVP of North American wholesale sales

RetailDive

Andrew Rudolph brings 20 years of experience from rival Adidas, where he once served as vice president of U.S. sales.

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Walmart Leverages Gen AI to Optimize Search and Customer Experience

RIS News

The retailer is testing a number of generative AI-fueled search and shopping features. Get the details.

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FTC vs. Amazon: 4 takeaways on how the company’s fulfillment services affect sellers

RetailDive

The complaint says sellers are cornered into using Fulfillment by Amazon, squeezing out alternative providers. Here’s how.

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Sustainable to the core: St. Enoch Centre scoops third Green Apple Environment Award

365 Retail

A leading Glasgow city-centre destination, St. Enoch Centre , has been awarded a prestigious international Green Apple Environment Award for the third time for its environmental achievements. Competing against hundreds of other nominees, St. Enoch Centre has been recognised for its ongoing commitment to sustainable practices including the creation of a Green Ambassador team, enhanced waste management processes and comprehensive staff training.

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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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4 ways retailers can future-proof their business

RetailDive

Make data-driven decisions with real consumer purchase data from over 100 million customers and billions of transactions.

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Wunderkind announces integration with leading CDXP, Ometria, to help retailers scale revenue with high-performing, one-to-one automated emails

365 Retail

Wunderkind , the leading cross-channel performance marketing solution, today announced its latest integration with Ometria , the first and only Customer Data Experience Platform (CDXP) designed specifically for retail, with over 200 industry-leading global clients, including Sephora, Steve Madden, Hotel Chocolat, and Brooklinen. The partnership provides a unique view of Wunderkind and Ometria together, allowing brands to view Wunderkind sends within the Ometria single customer view, while provid

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Big Lots kicks off weekly Black Friday deals

RetailDive

The retailer is encouraging shoppers to come into stores to take advantage of big deals after two quarters of losses.

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?ACS highlights importance of local shops at Labour Party Conference

TalkingRetail

ACS (the Association of Convenience Stores) has highlighted the important role of local shops on high streets and neighbourhood parades at a fringe event during Labour Party Conference. The event ‘High Streets: Heart of the Everyday Economy’ looked to explore and examine the important role that businesses on local parades and high streets play in.

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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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What 3 retailers’ approach to crypto says about the market

RetailDive

Pacsun, GameStop and Tag Heuer have all introduced crypto activations in recent years as the payment option grew in popularity.

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Rethinking Product Packaging and Consumer Engagement

ChannelAdvisor

The UPC barcode has played a starring role in retail and commerce for almost 50 years. From price checks to product identification, this one-dimensional, machine-readable data carrier has been crucial to tracking, tracing and managing inventory across all channels. But as the world and commerce have evolved, so have the demands of today’s consumers.

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Top 3 supply chain challenges for retailers in 2024

RetailDive

Retail leaders need to know about and strategize for next year’s supply chain challenges.

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CJ Lang acquires ScotFresh Group stores

TalkingRetail

CJ Lang & Son, the wholesaler for Spar in Scotland, has acquired Glasgow based convenience chain ScotFresh Group , an award-winning independent retail operation based in Glasgow and the Scottish central belt. The acquisition will see the nine ScotFresh branded stores and 130 colleagues moving over to be supported by CJ Lang & Son. Chief.

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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.