Thu.Mar 28, 2024

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The State Of Consumer Usage Of Generative AI, 2024

Forrester eCommerce

As is often the case with poorly understood tech that promises to change the world, consumers worry about its ethics and human impact. Yet a vast majority of these skeptics will use (and love) genAI during 2024, whether they know it or not.

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Urban Efficiency: Strategies for Streamlining Last Mile Delivery Amid Growing Congestion

Retail TouchPoints

Recent reports show that traffic delays cost U.S. drivers an average of 51 hours of lost time in 2022, and that number is on the rise — in 2021, the average was 36 hours. For the typical commuter, those lost hours can be frustrating. They extend the workday and increase fuel expenses. In fact, some studies have even found that traffic takes a toll on drivers’ health by increasing stress levels.

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These Six Marketing Priorities Are Different In Growing B2B Companies

Forrester eCommerce

My recent analysis of Forrester’s Marketing Survey, 2024, reveals that growing organizations face many of the same challenges as organizations with no growth, but they order their marketing priorities differently.

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Home Depot Boosts Pro Offering with $18.25B Acquisition of SRS Distribution

Retail TouchPoints

The Home Depot is acquiring building products distributor SRS Distribution for $18.25 billion in a bid to accelerate the growth of its pro offerings. The deal, which is expected to close by the end of the retailer’s fiscal 2024 in late January 2025, is subject to customer closing conditions and will be funded through a combination of cash and debt. SRS serves several verticals of residential and commercial professionals, including roofers, landscapers and pool contractors.

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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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Travel and Mobile Are Driving Decentralized Digital Identity (DDID) Growth

Forrester eCommerce

Last week, SITA, the multinational IT company supporting the air travel industry, announced it would be the lead investor in the Series A funding in Indicio, a decentralized digital identity solution provider.

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Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees

Retail TouchPoints

After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with U.S. merchants worth an estimated $30 billion that will lower the interchange fees (commonly referred to as swipe fees) that merchants are charged when customers use credit or debit cards. The antitrust settlement is one of the largest in U.S. history, according to Reuters , and if it receives court approval it would resolve most of the ongoing claims against Visa and Mastercard, which began in 2005.

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More Trending

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Next Generation of Product Experience Management (PXM) | Salsify

Salsify

Product experience management (PXM) has evolved dramatically over the past decade to meet the demands of the growing, ever-changing digital shelf, and the consumers found here. To no surprise, the next generation of PXM will evolve further still to better meet these demands.

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March 2024 SEO News Recap

ROI Revolution

Welcome to your March 2024 SEO News Recap! This month, we have the latest news on algorithm updates, spam policy, ChatGPT, carousel rich results, and more. Jump to each March 2024 SEO News Recap news topic using the links below: Key Takeaways from the March Algo Updates Manual Actions Hit Websites After Google Spam Policy Updates Which Aspects of Page Experience Are Used in Rankings?

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Navigating Beyond Price: Exploring New Avenues for Growth in the Consumer Products Industry

Wiser

In an illuminating revelation from Deloitte’s 2024 consumer products industry outlook , half of the consumer product companies surveyed express a pivot away from relying on price increases as a growth strategy, signaling a paradigm shift in how businesses approach market expansion and consumer engagement. This transition is underscored by a mere 2 percent of respondents citing price hikes as a key strategy for 2024, a clear indication of the changing tides.

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BrewDog unveils new low ABV beer Cold Beer

TalkingRetail

BrewDog presents new low alcohol Cold Beer (3.4% ABV). A 3.4% ABV lager, Cold Beer uses historic brewing techniques from the Kolsch style, fermenting the beer with an ale yeast but at a lower lager temperature, hence the term ‘Cold Beer’.

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From Data to Decisions: Maximizing Retail Potential with 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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AI-powered Internal Linking Tools

Practical eCommerce

Internal links are critical for organic search rankings — and mega time-consuming. Yes, AI can help. The post AI-powered Internal Linking Tools appeared first on Practical Ecommerce.

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Costco’s Hot Dog Remains at $1.50 Despite Prices Spiking Elsewhere

RetailWire

Over the last few years, inflation has caused prices to creep up and impact pretty much everything. However, Costco is still keeping the price of its hot dog-soda deal where it is.

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Revolutionizing Retail Contracts: How Going Digital Saves Time and Money

RetailMinded

Picture a bustling retail environment—efficiency is not just desired; it’s essential. For retail managers eyeing the prospect of going digital, the lure of slashing time and expenses is compelling. The switch to digital document management, particularly online PDF editors for contracts, promises more than a mere upgrade; it is a transformative stride toward streamlined operations.

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Home Depot Acquires SRS for $18.25B, Boosting Pro Sales

RetailWire

Home Depot recently announced its acquisition of SRS Distribution for a whopping $18.25 billion. This hefty investment marks the company's boldest stride yet to seize a larger share of the professional market, particularly targeting contractors and roofers.

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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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Adnams reveals new brand design

TalkingRetail

Southwold brewery, Adnams, is rolling out a full redesign of its core beer range. The range of coastal brews has been reimagined by Adnams and Brighton-based design studio CookChick with local artist Vanessa Sorboen, to reflect the brand’s Suffolk home.

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Subaru Recalls 118K Vehicles Due to Air Bag Sensor Issue

RetailWire

Subaru is recalling 118,000 SUVs and sedans in the United States due to a faulty sensor that might hinder air bag deployment during a crash, as per the National Highway Traffic Safety Administration (NHTSA) announcement on Wednesday.

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KP Snacks introduces Tyrrells in recycled plastic packs

TalkingRetail

KP Snacks has announced the introduction of 25% recycled content packaging across its Tyrrells sharing range. This new packaging initiative, which incorporates recycled soft plastics, will reduce reliance on virgin plastics for packaging.

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Amazon says it removed over 7M fake goods in 2023

RetailDive

The e-commerce giant, which has long faced scrutiny over counterfeits, said it invested more than $1 billion into fighting fakes last year.

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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.

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ACS responds to the Low Pay Commission remit for 2024

TalkingRetail

ACS has responded to the publication of the Low Pay Commission’s new remit for 2024, calling for the LPC to have more discretion over wage recommendations to account for economic shocks and changes in the labour market and business confidence.

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New England’s Last Coal Plants to Close by 2028

RetailWire

In an agreement reached with the EPA and environmental groups, the last two coal plants in New Hampshire will cease operations in 2025 and 2028, respectively.

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Easter spending expected to rise to £1.9bn, says GlobalData

TalkingRetail

UK consumers are set to spend £1.9bn this Easter, a 4.0% increase on 2023. Spend on Easter food and drink is expected to drive the uplift as consumers plan to splash out, feeling less restricted by financial pressures amid the cost-of-living crisis, according to a… This story continues at Easter spending expected to rise to £1.

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Beautycounter breaks into fragrances

RetailDive

At launch, the collection includes five fragrances and will be available on the brand’s website, stores and through its team of independent sellers.

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib

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Coventry Nisa Local donates £2,000 to Zoe’s Place Baby Hospice

TalkingRetail

Nisa Local Riley Square in Coventry has donated £2,000 to Zoe’s Place Baby Hospice through their Making a Difference Locally (MADL) fund. Zoe’s Place Baby Hospice in Coventry provides specialist palliative care for babies and young children with life-limiting illnesses.

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Home Depot to acquire building products supplier for $18.25B

RetailDive

The move to buy SRS Distribution will help the home improvement company lean in to its plan to boost business with its pro customers.

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Hancocks launch ‘healthier’ proposition

TalkingRetail

'Healthier at Hancocks' will see the confectionery wholesaler offer retailers healthier choices to add to the in-store offering to maximise sales and attract new customers. Focus areas include healthier snacks and energy, with the aim to make enjoyable, healthier choices accessible and affordable for everyone.

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The Backroom: Why it’s so hard for retailers to do the right thing

RetailDive

Businesses face new ethical questions and must act with more transparency in what corporate integrity expert Alison Taylor calls a turbulent world.

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Planning the Architecture of Your Modular DXP

Are you considering moving away from a monolith platform and over to composable architecture? Join experts from Google Cloud, GroupBy, and Orium as they discuss the benefits of moving to a modular digital experience platform. In this masterclass, uncover key indicators that show your brand is ready for a modular DXP, and learn how to lay the foundation for composable commerce.

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Tilda launches new ad campaign

TalkingRetail

Tilda has unveiled its new multi-channel campaign worth over half a million pounds, which explores the versatility of rice ‘no matter your background or lifestyle’.

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Haus Labs by Lady Gaga doubles down on Europe

RetailDive

The brand this week began selling in over a dozen countries through its partnership with Sephora.

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New World Foods and Sidemen launch meat snacking range

TalkingRetail

New World Foods, the snacking company of Valeo Foods Group, has announced Sides, its first in a series of product collaborations with YouTube channel Sidemen.

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H&M’s Spring Success Surprises Market

RetailWire

H&M revealed a stronger-than-expected first-quarter performance, triggering a significant surge in its shares by 13%.

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How Personalized Customer Experiences Drive Retail Growth and Revenue

Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach

More and more, customers are expecting a better personalized CX. But can retailers actually deliver? Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions? Join us to gain a better understanding of the current retail landscape and learn what you can do to translate personalization strategies into practical implementatio