Mon.Jan 09, 2023

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Boxed Explores Financial Alternatives, Including a Possible Sale

Retail TouchPoints

Boxed , the combination ecommerce retailer and enabler that serves both consumer and business customers, is seeking additional funding — or a possible sale — as it explores strategic alternatives. The company’s Board of Directors has retained both financial and legal advisers as it contemplates Boxed’s next moves, which could include a funding announcement within the next 45 days.

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The Many Resources (And Acronyms) You Must Know for Prioritizing Vulnerability Remediations

Forrester eCommerce

With hundreds of thousands of vulnerabilities in the NVD database, it’s no wonder why I get multiple client inquiries on how to make sense of the volume of vulnerabilities and implement an effective remediation strategy. My recent report How To Strengthen Vulnerability Risk Management with Remediation Prioritization details what security teams should consider for their […].

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Reports: Macy’s to Shutter Four Full-Line Stores as it Prepares for Challenging Year

Retail TouchPoints

Macy’s will reportedly close four locations, in Fort Collins, Colo.; Gaitherbeurg, Md.; Kanohe, Hawaii; and Los Angeles in January 2023, according to USA Today and other media outlets. The closures are part of the retailer’s Polaris growth strategy , which aims to stabilize the department store as it pursues a return to growth. The company will offer impacted employees jobs at nearby locations or severance packages.

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India B2B Marketing Predictions 2023

Forrester eCommerce

Inflation woes, supply chain disruptions, economic headwinds, and an impeding slowdown cloud the visibility of what lies ahead. How do you brace for this economic upheaval? Delayed or inadequately thought through decisions can have adverse impact on your business. Forrester has identified five key predictions for 2023, and this blogs highlights three of them for India B2B Marketing leaders.

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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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An In-Depth ShippingEasy Review: What This Shipping Solution Has to Offer

Ecommerce Platforms

Have you come across ShippingEasy before? If not, never fear because you're in the right place. This ShippingEasy review will explain everything you need about this platform. So, hopefully, by the end of this blog post, you'll have a better idea of whether this solution meets the shipping needs of your business. Does that sound good to you? Fab. Let's dive straight in!

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Alibaba Founder Jack Ma Cedes Control of Sister Fintech Firm Ant Group

Retail TouchPoints

Chinese billionaire Jack Ma will no longer control Ant Group , the fintech firm he founded, after the company reorganized its shareholding structure in order to “align the voting interests of shareholders with their economic interests,” according to a company statement. Ma is also the founder of Ant Group’s sister company, retail giant Alibaba , although he stepped down from his leadership role at that company in 2019.

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Walgreens, CVS Plan to Offer Abortion Pill Following FDA Rule Change

Retail TouchPoints

[Editor’s Note: This story was updated on Jan. 9 to include a statement from CVS.]. America’s two largest drug store chains — Walgreens and CVS — have both confirmed that they plan to dispense the abortion pill mifepristone now that the Food and Drug Administration (FDA) has approved the medication for retail pharmacy sales. Medication-induced abortions were first approved by the FDA in 2000 and currently account for 54% of all pregnancy terminations in the U.S., according to the Guttmache

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What the Metaverse means for Retail

365 Retail

The metaverse, a virtual world that exists entirely online, is set to revolutionize the way we live and work in the UK. The term “metaverse” was first coined in Neal Stephenson’s 1992 science fiction novel Snow Crash, and refers to a virtual shared space that multiple users can access at the same time. The concept of the metaverse has been gaining traction in recent years, with companies such as Facebook and Google investing heavily in the development of virtual reality (VR) an

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Macy’s lowers holiday sales prediction

RetailDive

The department store managed to maintain its guidance within its previous range, but its warning suggests that it lost market share, analysts say.

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How to use email campaigns to collect user-generated content for your brand

Omnisend

Reading Time: 6 minutes. Email has been the primary source for brands to boost brand-user relationships, even before social media hogged the limelight. Today, brands utilize email campaigns or email marketing automation to connect with their customers. However, the email campaign scenario has changed a bit in the current times with user-generated content (UGC).

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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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The 3 keys to inventory optimization in 2023

RetailDive

With new tools and insights retail planners can reduce carrying costs and say goodbye to excess inventory.

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How to Make the Most of Voice Search Optimisation for Clients

Digital Doughnut

The world of ecommerce has evolved ten-fold in recent years. From the introduction of social shopping to online marketplaces and mobile-friendly purchasing, ecommerce is more varied than ever before. For web pros dealing with clients’ search engine optimisation (SEO), it’s important to have your finger on the pulse of this fast-moving landscape.

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5 Content Marketing Ideas for February 2023

Practical eCommerce

Our monthly content-ideas article is a long-running series to help merchants attract prospects. This month's ideas include Groundhog Day, Black History Month, more. The post 5 Content Marketing Ideas for February 2023 appeared first on Practical Ecommerce.

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Lululemon’s stock drops after margin warning

RetailDive

The athletics company raised its revenue expectations for the quarter, but it has a lot of inventory to clear through after the holidays.

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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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London Designer Outlet has recorded its best December performance since the centre opened in 2013

365 Retail

London Designer Outlet (LDO) in Wembley Park ended the year on a high as price-conscious bargain hunters boosted revenues to make the December trading period the best one on record for the outlet centre. The record-breaking month boosted trading performance across the entire Golden Quarter, which exceeded pre-pandemic levels according to the latest sales data.

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5 trends that shaped the holidays in 2022

RetailDive

From deep discounts to metaverse activations, here are some of the biggest influences on the season.

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Hobbycraft achieves robust Christmas results with total revenue growth of +7.2% versus 2021

365 Retail

Once again, this year was all about people handmaking for Christmas. Many customers were looking for ways to add that extra sparkle to their festivities, from custom-made gifts to DIY home decor such as wreaths, brush-lettered baubles, and crackers. Personalised products proved popular with sales of Ceramic Blank Decorations increasing by 50% compared to last year.

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Rite Aid CEO exits

RetailDive

Heyward Donigan, who has led the company since 2019, is out and Elizabeth Burr has been named interim CEO.

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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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Over 1.3 million more customers shopped at Lidl GB during the run up to Christmas

365 Retail

German discount supermarket chain Lidl has seen significant growth in the UK in recent years. In 2021, Lidl was the fastest-growing supermarket in the UK, with sales increasing by 18.2% compared to the previous year. This growth has been driven by Lidl’s strategy of offering a wide range of products at low prices, as well as its expansion into new markets.

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Naver closes on Poshmark acquisition

RetailDive

The resale marketplace has stopped trading on the Nasdaq as a result of the deal.

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Party City preps for bankruptcy

RetailWire

Party City has been hurt by a shortage of helium, rising prices and changes in consumer behavior. The company is reportedly in talks to swap equity for shares with debt holders as it moves closer to filing for bankruptcy. Party City currently has about $92 million in cash against $1.8 billion in debt.

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7 steps to turn shopper insight into action

RetailDive

Learn how retailers that leverage the power of a retail platform will stay on top.

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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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Rite Aid CEO departs as search begins for successor

RetailWire

Rite Aid CEO Hayward Doningan is leaving the company after three years on the job. She is being replaced on an interim basis by board member Elizabeth “Busy” Burr, effective immediately.

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439: Entrepreneur With Stage 4 Cancer Discusses His Biggest Regrets In Life With Chad Vanags

My Wife Quit Her Job

This is perhaps the most meaningful episode that I have ever published. As entrepreneurs and human beings, we all take things for granted and often lose sight of what’s important. Today, I have my friend Chad Vanags on the show, a very successful ecommerce entrepreneur. He recently got diagnosed with stage 4 lung cancer and he has a limited amount of time to live.

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Inflation remains top of mind for consumers and business

RetailWire

The rate of inflation has slowed since June when consumer prices rose 9.1 percent year-over-year. High prices, however, remain a major concern for consumers and the companies that sell them goods and services. “The rise and fall of inflation is mostly symmetrical. It took 16 months to peak and now we expect it will take a like amount of time to get to a tolerable level,” said Nancy Tengler, CEO and chief investment officer with Laffer Tengler Investments.

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An Apology, A New Year, A New Perspective

Bryan Eisenberg

The last couple of years have been difficult for many people. People struggled with all kinds of issues. Some publicly and some privately. I was in the later group. I tried my best to keep a happy appearance, but honestly it was easier to withdraw and focus the little energy I had on my family. I don’t regret it at all. My friend Alan Stein Jr , author of Raise Your Game & recently Sustain Your Game , shared an incredibly powerful stat that changed my life perspective.

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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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Lululemon says profit margins likely fell in 4Q

RetailWire

Lululemon said it expects its report will show that its fourth-quarter profit margin fell between 0.9 percent and 1.1 percent. The yoga-inspired chain said customer traffic increased during the quarter.

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Leadership: Don’t Make It Harder Than It Is. Perspectives From A Former CISO/CSO

Forrester eCommerce

I’m kicking off my blog series, Perspectives from a former CISO, with my thoughts on leadership. The series will pull from my experiences as a CISO and those of my peers. To be clear, I don’t purport to have the all the answers but did learn a thing to two during my tenure over the […].

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Abercrombie & Fitch reports better-than-expected holiday revenues

RetailWire

Abercrombie & Fitch had previously anticipated a decline of between two and four percent in sales during the holiday season. The retailer raised its forecast and now expects to report a one to two percent year-over-year gain.

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CES 2023 Trends: The US’s $65BN “One Big Shot” to Bridge Digital Divide

iQmetrix

Billions of dollars are being offered at federal level and enacted at state level to ensure all US residents have access to affordable, reliable, and fast internet connectivity.

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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