Thu.Oct 28, 2021

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Predictions 2022: Advertisers Lean Into Retail Media Momentum, New Modes, And, Yes, The Metaverse

Forrester eCommerce

Looking ahead to 2022, advertisers and publishers will look for ways to extend those innovations to match consumers’ willingness to experiment with new experiences and products (now at an all-time high). Learn more.

Retail 370
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NRF Predicts Record-Breaking Holiday Sales Despite Inventory Issues

Retail TouchPoints

Consumer purchasing power from growing income and household wealth will lead to record-breaking holiday sales this year, according to predictions from the National Retail Federation. Gift buyers are expected to shop early, extending the holiday season even as retailers grapple with inventory problems. During November and December, holiday sales are expected to grow 8.5% to 10.5% compared to the same period in 2020, for totals ranging between $843.4 billion and $859 billion , according to NRF.

Gifts 321
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Predictions 2022: B2B Marketing Will Leverage Disruption To Structure A Redefined Role

Forrester eCommerce

An array of forces has expanded the remit of B2B marketing organizations. Anticipating these five trends can help marketing leaders and teams meet the moment.

B2B 369
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Amid Supply Chain Woes, One Area of Retail Has a Product Glut — Resale

Retail TouchPoints

While most retailers are struggling to deal with product delays and shortages this holiday season, one retail sector has a seemingly unlimited supply of goods – resale. New research from recommerce platform Mercari found that American households are currently sitting on $580 billion of products they’re no longer using, the equivalent of 23.6 billion items.

Supplies 279
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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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A Seven-Step Guide To A Successful Technology Sustainability Strategy

Forrester eCommerce

(Photo copyright: Abhinav Sunil) Why every organization must care about sustainability is increasingly evident for organizations in every vertical and region. The US’s Energy Information Administration predicted in its International Energy Outlook 2021 report that if current policy and technology trends continue, global energy consumption and energy-related carbon dioxide emissions will increase through 2050 as […].

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Starbucks to Raise Average Hourly Pay to $17 Per Hour in Summer 2022

Retail TouchPoints

Starbucks is boosting pay for its associates to some of the highest levels in the retail industry, with a new range of $15 to $23 per hour for baristas starting in summer 2022. This will put the company’s average hourly pay at nearly $17 per hour , which could help stores find staff despite the tight labor market. Starbucks has been pouring resources into its workforce over the past two years, with $1 billion in incremental investments over that period, including setting its minimum wage at $15

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Hitachi Vantara Offers Retailers Lidar-Based Grab-and-Go Self-Checkout

Retail TouchPoints

Hitachi Vantara has launched the Grab-N-Walk Out solution, which is designed to help customers take want they want, pay and leave with minimal friction. The store automation solution can help retailers free up store personnel to focus on more valued-added tasks. Hitachi’s automated shop technology uses lidar (light detection and ranging) sensors instead of relying on cameras and video.

Retail 263
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Ethical Marketing Helps Brands Differentiate And Build Trust

Forrester eCommerce

Values-based consumers — people who vote with their wallets to support brands that align with their values — are on the rise, a trend accelerated by COVID-19. These consumers are making brands more aware of the importance of corporate social responsibility and sustainability. But, in Asia Pacific (APAC), too many firms’ sustainability plans remain performative. […].

Marketing 326
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Best Print on Demand UK Companies (Oct 2021)

Ecommerce Platforms

The best Print on Demand companies in the UK are an excellent solution for entrepreneurs hoping to start their own business. With a UK POD company, you can create a range of unique products, without having to spend a fortune on manufacturing and fulfilment. Print on Demand, a form of dropshipping , is one of the most popular ecommerce opportunities worldwide right now.

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Predictions 2022: Continued Uncertainty Forces Attention On Securing Relationships

Forrester eCommerce

Continued uncertainty has put more emphasis on third-party relationships and collaboration. How will that impact security concerns in 2022?

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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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Rent the Runway Stock Dips on First Day of Trading

Retail TouchPoints

Rent the Runway joined the growing slate of digital-native retail startups to go public on Oct. 27, listing on the NASDAQ under the ticker symbol “RENT.” But despite a strong start on its first day of trading, shares in the fashion rental service ended the day down 8%. Shares began trading at $23 — $2 more than the company’s initial public offering price of $21 —skyrocketing Rent the Runway to an initial valuation of more than $1.7 billion.

Fashion 162
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Predictions 2022: Successfully Riding The Next Wave Of AI

Forrester eCommerce

In 2022, AI will get more embedded, more responsible, and more creative. Learn why in Forrester's 2022 AI predictions.

Customer 370
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Why do eCommerce leaders hire the wrong agencies?

Omniconvert

I’ve been burned sooooo many times, hiring the wrong agencies. Many of them sell crap for the price of gold. Initially, all things looked great on the honeymoon, and then… I realized that they were incentivized to make me pay more on that stupid budget, not to be more profitable and grow. After a few […]. The post Why do eCommerce leaders hire the wrong agencies?

eCommerce 147
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What Is YOUR Disaster Recovery Strategy?

Forrester eCommerce

Join other disaster recovery and technology resilience leaders in sharing your strategy for addressing local and systemic risks affecting your business. Click on the link below to fill out the Forrester and Disaster Recovery Journal’s biannual survey. If you complete the survey and share your email, you will receive a complimentary copy of Forrester’s “State […].

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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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Gap, Walmart extend ties with new furniture collection

RetailDive

Just months after launching a partnership, the retailers are introducing a new collection of 150 products in contemporary styles.

Retail 128
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Predictions 2022: Agencies Face Enigmatic Twists On Talent And Creativity

Forrester eCommerce

In 2022, advertising agencies will face an acute talent shortage of no less than 50,000 employees, just when human ingenuity matters most. Discover how the best agencies will adapt.

Marketing 195
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Victoria's Secret is the exclusive retailer for D+ lingerie brand Mindd

RetailDive

The brand's creator, who began her career in 2005 on the lingerie giant's research and development team, caters to an underserved customer.

Retail 120
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Deliver Brand Relevance and Growth With A New Experience Architecture

Forrester eCommerce

At Forrester’s Technology & Innovation Forum, Joe Cicman and I are revealing new research we’ve been working on that will help brands avoid irrelevancy and drive growth. It’s called experience architecture (XA), the technology strategy that the likes of Target, The Home Depot, and Starbucks use to deliver quality experiences to their customers and employees. […].

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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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Top Ecommerce Niches of 2022

ecomdash

What are the best niches for ecommerce in 2022? Here we outline the top 10 trending niches for the new year and how to incorporate them into your online store. The post Top Ecommerce Niches of 2022 appeared first on Ecomdash.

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The Future Of BI: Augmented And Personalized

Forrester eCommerce

It seems like you can’t read a technology news article or talk to a technology vendor or a consultant without AI finding its way into the topic or the conversation. This is especially true for all topics around business intelligence (BI). Indeed, almost a third of enterprise data and analytics decision-makers reported in 2020 that […].

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Neiman Marcus reveals 2021 Christmas Book and Fantasy Gifts

RetailDive

The retailer's luxury offerings include a $6.1 million diamond and a Roaring '20s party at the Apollo Theater.

Books 127
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Supply Chains Evolve To Become Collaborative Supply Networks

Forrester eCommerce

Align Finance, Sales And Marketing For Supply Chain Success Thanks to all of you who helped with our Supply Chain Tech Tide research about the maturity and business value of supply chain applications. Our survey told us that Integrated Business Planning (IBP) is eclipsing Sales & Operations Planning (S&OP) as companies are looking to make their […].

Supplies 195
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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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Costco raises minimum wage to $17 an hour

RetailWire

Costco has raised its starting wage to $17 an hour, the second time this year that it has done so. The warehouse club giant has long been known as one of the retail industry’s best employers. The chain has consistently raised wages, incrementally increasing its minimum from $14 an hour in 2018 to its current amount.

Retail 98
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Brooklinen launches new brand, Marlow

RetailDive

The DTC bedding company already sells pillows on its own website, but is now debuting a separate brand solely focused on that product.

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Are These Common D2C Website Mistakes Hurting Your Sales? | Salsify

Salsify

As consumers continue to embrace online shopping in skyrocketing numbers, many brands are taking a crack at acting as their own retailers by launching a direct-to-consumer (D2C) website.

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Saks turns to GXO fulfillment center to meet e-commerce demand

RetailDive

The 400,000-square-foot facility is another example of direct-to-consumer retailers outsourcing logistics.

eCommerce 115
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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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5-Step Guide to Getting Budget for Your Next Personalization Solution

Kibo

Those running a successful ecommerce or personalization strategy manage an array of projects and initiatives that need to work in perfect harmony. The goal? To improve the performance of digital channels. The impact? Get that promotion, help your team progress their careers, or prove business impact. Whatever drives you, the overall objective is clear – generate more revenue.

Hobbies 62
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Petco opens SoHo flagship dedicated to its private label

RetailDive

The store will exclusively sell Reddy products, the three-year-old owned brand focused on premium pet goods.

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What Is a Sole Proprietorship?

Korona

With a global entrepreneurship index of 83.6, the United States is the best country for aspiring entrepreneurs (at least by that metric). Currently, over 23 million sole proprietorships are operating in the United States, making it by far the most popular type of business. . Most large companies such as Amazon, Apple, or McDonald’s started as sole proprietorships before changing their legal structure as they grew.

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The Backroom: Why is the idea of splitting off e-commerce so popular all of a sudden?

RetailDive

Senior Reporters Daphne Howland and Ben Unglesbee discuss why Wall Street likes it, why others don't and how Sears' decline serves as a cautionary tale.

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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