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REI Updates Supplier Guidelines to Mandate Removal of ‘Persistent’ Chemicals by 2026

Retail TouchPoints

The outdoor gear retailer also imposed the same deadline for textile products covered under a California law that takes effect in early 2025, and it will require PSAF-free products from all its textile suppliers by fall 2026.

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Foot Locker to Boost Digital Investments 50% as it Aims for 25% Online Sales by 2026

Retail TouchPoints

The company plans to update its website with more personalized product recommendations, improved search and better visuals, and add more in-depth ratings and reviews to better educate customers about its products. The improvements will not be limited to technology. Foot Locker also is targeting simpler improvements to its digital operations.

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Gartner 2023 Predicts: Brands Must Focus On Composability, AI, and Building Consumer Trust

GetElastic

Each year Gartner makes market predictions and recommendations based on research and trends. Here’s what Gartner predicts: “By 2026, the speed of digital innovation will improve by 60%, relative to 2022, for organizations that have established mechanisms to reuse composable digital commerce modules.” “By

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How Retailers and Brands can Thrive amid High Inflation

Retail TouchPoints

With my background in business and economics, here’s what I would recommend for boosting your top line and bottom line this year. Visual AI instantly recommends products that are aesthetically similar to a shopper’s favorite styles, encouraging customers to browse more and be inspired as they would in physical shops.

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Instacart Looks Beyond Delivery with Suite of Tools to Support Grocery’s Digital Transformation

Retail TouchPoints

Pre-COVID, online grocery was expected to reach 14% of all grocery retail sales by 2026, but given the recent acceleration in digital capabilities that number has now jumped to 20% , according to research from Mercatus and Incisiv. This year, grocery ecommerce sales are projected to reach $1.124 trillion.

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4 Ways Retailers can Leverage Generative AI to Drive Revenue and Productivity

Retail TouchPoints

trillion in 2026, from $3.3 Generative AI can analyze customer data, perform social media sentiment analysis and create custom journeys to offer personalized product recommendations like a stylist does and even discounts on items the AI believes a customer wants most in order to drive revenue. And there’s plenty of money at stake.

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6 Paid Social Trends to Be Aware of in 2024

Retail TouchPoints

trillion by 2026, more than doubling its current value. This steady growth is being driven by an increasing number of social media users (expected to reach 5 billion worldwide this year) and the emergence of the “creator economy,” with influencers playing a significant role in promoting and selling products to their audiences.