Fri.Nov 04, 2022

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Lowe’s Sells Canadian Business to Sycamore Partners for $400 Million

Retail TouchPoints

Lowe’s has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners for $400 million in cash plus a performance-based deferred consideration. The business, which is based in Boucherville, Quebec, operates approximately 450 corporate and independent affiliate dealer stores under several different formats and banners, including RONA , Lowe’s Canada , Réno-Dépôt and Dick’s Lumber.

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Grounding Twitter Ad Dollars Is Common Sense, Not Activism

Forrester eCommerce

Elon Musk’s Twitter takeover has been – at best – chaotic and tumultuous. Advertisers are uncertain about what direction the company will take: What will happen with content moderation? Will Twitter become a mainstream Gab with a steady flow of disinformation? While Musk has tweeted that “nothing has changed with content moderation,” racist tweets have […].

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Nordstrom Partners with Burberry for Latest New Concepts Installation

Retail TouchPoints

Photo by Luis Guillén Burberry and New Concepts@Nordstrom. Photo by Luis Guillén Burberry and New Concepts@Nordstrom. Photo courtesy of Nordstrom. Nordstrom has partnered with Burberry to produce the latest edition of its New Concepts@Nordstrom store-in-store offering with Concept 019: Burberry, which features an exclusive capsule collection. Concept 019: Burberry launched online on Nov. 3, 2022 and will be introduced in stores in December.

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Enterprise Browsers Reignite the Browser Wars, But This Time for Businesses

Forrester eCommerce

I’ve been in the IT industry long enough to remember the start of the Browser Wars when Internet Explorer took on Netscape in the late 1990s. Product names like Mosaic, Netscape, “IE”, and Mozilla (and its next iteration with Firefox) were all part of the browser market development. Safari came along for Mac in 2003, […].

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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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Why Retailers Must Simplify Complex Last-Mile Delivery 

Retail TouchPoints

Today’s retail supply chains have evolved into complex global webs of infrastructure, vehicles and people that move products from raw material to end consumer. And amazingly, the most complicated and costly leg of these extensive logistics networks is the last mile — that final leg of the retail supply chain that physically connects retail brands with consumers.

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Advertisers Pause In Twitter Purgatory

Forrester eCommerce

When Twitter first announced its intent (back in April) to be acquired by Elon Musk, Forrester said that disinformation and hate speech are ultimately at stake – And that ad dollars are at risk. In the days following last Friday’s closing of the deal, GM paused its paid advertising on Twitter. Soon after, IPG’s MediaBrands […].

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Retailers: Give The Gift Of Personalization Through Omnichannel This Holiday Season

Forrester eCommerce

Retail strategy for the holidays has always been about achieving two, if seemingly contradictory, goals: Goal #1: Marketing specific products to specific customers to attract and convert them Goal #2: Selling inventory that minimizes out-of-stocks and overstocks by the end of the season With many retailers, including Target, entering the holiday season thinking about high […].

Gifts 195
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Tractor Supply Partners with DoorDash to Offer Delivery from Nearly 2,000 Stores

Retail TouchPoints

Rural lifestyle retailer Tractor Supply has added on-demand delivery from nearly 2,000 of its stores across the country in a partnership with DoorDash. Customers using the DoorDash marketplace can now get Tractor Supply offerings in categories including farm and ranch, home improvement and lawn and garden delivered to them. All participating Tractor Supply stores will be available on DashPass, the DoorDash membership program that offers free delivery and reduced service fees on eligible orders f

Supplies 192
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Industry 5.0? No Thanks!

Forrester eCommerce

Industry 4.0 has been a big idea in manufacturing for the past decade or so, but moves are unfortunately afoot to prematurely crown a successor: Industry 5.0. While the ever-shorter refresh cycles for smartphones have apparently become an unfortunate fact of consumerist life, industrial revolutions really should come along with a lot less frequency!

Customer 195
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Canada Goose Continues U.S. Expansion with Immersive Las Vegas Location

Retail TouchPoints

Gayle Uyagaqi Kabloona, Uvagut, at the Wynn Las Vegas Photo courtesy of Canada Goose. Canada Goose’s Las Vegas Snow Room Photo courtesy of Canada Goose. Canada Goose Las Vegas City Toque Photo courtesy of Canada Goose. Canada Goose Las Vegas Photo courtesy of Canada Goose. Canada Goose will expand its U.S. store roster with the addition of two new permanent locations, in Las Vegas and Denver, in addition to hosting pop-up shops in Aspen, Colo. and the Detroit area.

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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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Want To Future-Proof Your Data Architecture? Find Out How At The Data Strategy & Insights Event

Forrester eCommerce

Get tips for modernizing your data architecture with data fabric 2.0 in this preview of our Data, Strategy & Insights event.

Events 150
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NRF forecasts ‘healthy’ holiday sales in the face of economic challenges

RetailDive

The trade group predicts year-over-year growth of 6% to 8% and said consumers “remain resilient” even while facing inflation.

Consumer 110
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Bensons for Beds re-opens eve Sleep’s UK website

365 Retail

Bensons for Beds today (4 November) re-opened evesleep.co.uk less than three weeks after it bought eve Sleep’s brand and intellectual property. As promised in October, eve Sleep is being retained by Bensons as a standalone brand and the website will return from hibernation with all the key eve Sleep mattresses its customers loved. Returning in time for the key trading period, the eve Sleep website includes its six best-selling mattress ranges – the premium, original and lighter available as h

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Rothy’s taps Old Navy CMO for chief marketer role as it builds out C-suite

RetailDive

Jamie Gersch will take on the position while another Gap Inc. veteran, Heather Archibald, joins as chief product and merchandising officer.

Marketing 105
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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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Hublot enters the metaverse with the unveiling of the ‘Hublot Loves Football Metaverse Stadium’.

365 Retail

A hybrid sport, art, and digital events space, the stadium structure is inspired by the intricate design of the case body and digital face of Hublot’s recently launched Big Bang e watch. Designed by legendary MEIS architects, the foremost designers of sports and entertainment venues credited with designing Crypto.com stadium, Everton FC and Roma Stadiums.

Arts 64
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Lowe’s sells Canadian business to Sycamore Partners for $400M

RetailDive

The unit includes 450 corporate and independent affiliate dealer stores under the banners Rona, Lowe's Canada, Reno-Depot and Dick's Lumber.

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eCommerce Supply Chain: 6 Ways to Effectively Manage It

Etaily

An efficient supply chain management system can offer several benefits for your eCommerce business. Optimize your supply chain today with these six tips. The post eCommerce Supply Chain: 6 Ways to Effectively Manage It appeared first on etaily.

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Zulily leads sales declines at Qurate (again)

RetailDive

Revenue was down 39% at the struggling e-commerce site, while sales were also down at the company’s flagship television retail banners.

eCommerce 104
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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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Consumer brands hit pause on Twitter ads

RetailWire

General Mills and Mondolez International are two of a growing list of companies that have hit pause on Twitter advertising as they wait to see what Elon Musk’s ownership will mean for the operation of the social media site.

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Glossier opens new stores in Philadelphia, Brooklyn

RetailDive

In 2022 alone, the brand has replaced its founder and former CEO, established a relationship with Sephora and cut its employee headcount twice.

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Wayfair loses more than a million customers

RetailWire

More than a million fewer customers purchased products from Wayfair last quarter, a decrease of 22.6 percent year-over-year. The online furniture retailer’s sales fell nine percent during the quarter, which led to a loss of $283 million. “Wayfair’s business isn’t working and it is losing an extensive amount of market share,” said Neil Saunders, an analyst at GlobalData Retail.

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The Weekly Closeout: DSW bets on shoe repair and Under Armour finally addresses athleisure

RetailDive

Shoppers can drop off their worn shoes at the footwear retailer’s stores. And the athletics brand is broadening its assortment.

Retail 100
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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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Inflation will account for holiday dollar sales increases

RetailWire

The National Retail Federation expects sales during November and December to increase between six and eight percent year-over-year. The forecast, which does not include auto dealers, gas stations or restaurants, is an indication that unit volume will be seen to have decreased once inflation is factored in. NRF CEO Matthew Shay said that consumers are likely to concentrate their spending on necessities.

Gifts 52
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Amazon expands freeze in corporate hiring until next year

RetailDive

The e-commerce giant is tightening its belt further after pausing hiring in its retail operations last month.

eCommerce 102
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How Can Ecommerce Consultants Benefit Your Business?

Digital Doughnut

Ecommerce consultants can help you with choosing the right stage, setting up your payment and transaction stage, creating the advertising strategy, and more. Ecommerce businesses have been widely accepted across the world for their faster business transaction even without any hassle.

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Dick’s Sporting Goods creates venture fund for sports startups

RetailDive

The company said the fund’s initial investments reflect a focus on innovation and customer experience.

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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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Protected: Yogacharya Krishna Prakash, Who Turned His Life Around With Yoga

Ecommerce Guru

There is no excerpt because this is a protected post. The post Protected: Yogacharya Krishna Prakash, Who Turned His Life Around With Yoga appeared first on Ecommerce Guru.

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Simon to close most of its malls on Thankgsiving

RetailWire

Simon Property Group will close all its malls on Thanksgiving Day except for two in Las Vegas. The largest mall owner in the U.S. previously closed all its malls in 2020 and 2021.

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Customer Effort Score

Omniconvert

Discover how the Customer Effort Score (CES) helps you build customer loyalty, quickly spot red flags, and make your customers' lives easier. . The post Customer Effort Score appeared first on Omniconvert Ecommerce Growth Blog.

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Miller Lite sells Christmas Tree Keg Stand

RetailWire

Miller Lite’s “fully functioning” limited-edition Christmas Tree Keg Stand is said to be “perfect for keeping your tree fresh and beer cold.” The stand, which costs $49.99, is compatible with Christmas trees up to five feet tall. It weighs up to 150 pounds with lights and ornaments.

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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.