Fri.Dec 01, 2023

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Retention marketing 3.0: A contrarian take on the future of ecommerce

Omnisend

Reading Time: 7 minutes I have a confession to make. I hate the word “retention.” As an email marketer, this is somewhat blasphemous to say. After all, it’s a hot topic in the DTC space. But to me, it always reeked of neediness. Can you “retain” your customers? If you beg hard enough, maybe they’ll pity you with a second purchase. Maybe not everyone sees it that way, but this is the vibe I get when I hear people geeking out over the “R” word.

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Black Friday Football Post-Game Report: A Win for Amazon, but Room for Growth

Retail TouchPoints

Our Editor’s Perspectives columns offer insights and opinions from the Retail TouchPoints editorial team as they dig into the latest trends in retail, marketing and tech. Remember the Black Fridays of yore? Frenzied masses lined up in the cold, then a stampeding rush to be the first to get at the discount TVs? Well, those days seem to be largely gone, and likely for the better — I don’t think anyone misses what was once an annual bodily injury count on the Saturday after Black Friday.

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Retailers: Leverage Store Associate Tools And Engage Your In-Store Teams For Customer Satisfaction

Forrester eCommerce

Forrester's Store Associate Enablement Vendor Landscape has published, and this blog breaks down how retailers can leverage these tools for their associates.

Retail 235
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Meta Preps to Bring Threads to Privacy-Conscious Europe as Musk Tells Fleeing X Advertisers to ‘Go F—’ Themselves

Retail TouchPoints

Meta is ready to launch its Twitter/X -competitor Threads in Europe this month, The Wall Street Journal reports, citing people familiar with the matter. When Threads initially launched in July 2023 it was available in most global markets, but Meta held off on launching in Europe because of that region’s strict regulations around online services and data privacy.

Consumer 259
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A Blueprint for B2B Commerce

In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

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A Recap Of 115 Retail Website Promotions On Black Friday And Cyber Monday 2023

Forrester eCommerce

Forrester's Retail research team highlights data insights from retailers' online Black Friday and Cyber Monday 2023 participation.

Retail 251
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7-Eleven International Buys 7-Eleven Australia for $1.1 Billion

Retail TouchPoints

7-Eleven will make a cash purchase of the 751- store 7-Eleven Australia chain for $1.71 billion Australian ( $1.1 billion U.S.). The retailer, a long-time licensee of 7-Eleven, is the country’s largest independent convenience store chain, employing more than 9,000 people across the corporate and franchise network. The transaction is expected to close during Q2 2024.

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The Harmonious New Workforce: Striking the Chords of the Modern Work Landscape with Offshore Talent

Retail TouchPoints

The era of cramped cubicles and solitary office spaces has faded into the past. In lieu of the monotonous buzz of fluorescent lights, a vibrant atmosphere of collaboration now extends far beyond the confines of traditional offices. In this modern age, talent knows no geographical bounds, spanning across time zones, cultures and continents. Distances between us are reduced to mere pixels on screens, and proximity is no longer the sole measure of productivity.

Events 249
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Thanksgiving holiday weekend sees ‘record number’ of shoppers: NRF

RetailDive

Over 200 million consumers shopped on Thanksgiving Day through Cyber Monday, surpassing expectations by more than 18 million.

Consumer 119
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Rite Aid to Shutter 31 Additional Stores as Part of Restructuring

Retail TouchPoints

Rite Aid plans to close an additional 31 stores across 12 states as part of its bankruptcy restructuring, multiple sources report. These closures join the 154 store closures that the pharmacy chain announced in October 2023. Despite these 31 additional stores, the total number of closures announced thus far is still significantly lower than the 400 to 500 stores originally predicted to be on the chopping block.

Marketing 243
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Southwest Airlines Nears Agreement with Pilots Union on Contract

RetailWire

Southwest Airlines, along with its pilots union, is nearing an agreement on a new contract that intends to increase salaries for over 11,000 pilots.

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How Harry Rosen Turns Targeted Personalization Data into Retail Loyalty

Speaker: Shaunna Bruton and Kailey Holmes

Unlock the potential of customer data to create personalized retail experiences that resonate with your audience. This webinar will explore the critical role of customer data in modern retail, providing you with strategies to collect, analyze, and apply data to enhance personalization. Learn from leading retailers, like Harry Rosen, and experts on how to turn data into actionable insights that drive customer satisfaction and loyalty.

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Responding to Activist Investor Pressure, VF Lays Off Corporate Employees

Retail TouchPoints

VF Corp. , the parent of brands such as Vans , The North Face and Timberland , has laid off approximately 500 corporate employees across the organization. The news comes about one month after the company unveiled its “Project Reinvent” transformation , which was designed to alleviate pressure from an activist investor. “As part of VF’s new Reinvent strategy, and with the aim of improving operational efficiency, we have eliminated approximately 500 salaried positions across the company globally,”

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Beard-care Founder on Juggling Brands

Practical eCommerce

Brio, Eric Steckling's male grooming company, was running smoothly. Then it acquired a teeth whitener. The post Beard-care Founder on Juggling Brands appeared first on Practical Ecommerce.

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Activewear brand Bandier seeks buyer for IP, assets

RetailDive

After facing headwinds, including supply chain challenges, the brand is now conducting an expedited sale process through a bankruptcy alternative.

Supplies 100
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Being Authentic: What the 2023 Word of the Year Means for Brands 

ESW

Merriam-Webster has announced that “authentic” is its 2023 word of the year , and perhaps with good reason. In a world where it’s increasingly difficult to distinguish reality from fantasy, people want to know what is true. They crave authenticity in their daily interactions, including their interactions with brands and retailers. Shoppers want a genuine connection with the brands they choose to support.

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Optimizing Frontend Delivery in Composable Commerce: The Buy vs Build Decision

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Ikea celebrates sales growth with lower prices

RetailDive

The home retailer is dropping prices on hundreds of products and delivering a $54.5 million bonus payout to some of its workers.

Retail 106
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Retail Predictions for 2024

RIS News

Check out 10 trends that are mostly based on emerging technologies that have risen in prominence over the last couple years and are likely to have an outsized impact in 2024.

Retail 91
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Big Lots’ net sales fall nearly 15% in Q3

RetailDive

The retailer also announced two new executives, including a chief stores officer and a leader of extreme value sourcing.

Retail 108
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Transforming Inventory Visibility for the Omnichannel Consumer

RIS News

In a time where the sources of inventory supply seem to be growing, retailers face an increasingly complex challenge —delivering precise, real-time inventory data higher up the shopping funnel to meet the demands of today's omnichannel fulfillment la

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Innovation Fest: Summer of AI

Join Bloomreach at Innovation Fest: Summer 2024, a virtual event, to explore the future of personalized marketing and merchandising! Along with the company’s top product experts, CEO Raj De Datta will provide an exclusive look at the company’s latest AI innovations reshaping the omnichannel experience. Don’t miss out on this exciting opportunity to connect with fellow industry leaders and explore the latest trends in retail technology.

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Ulta CFO to retire amid 6.4% sales growth

RetailDive

Scott Settersten, who has held the role for more than a decade, will leave in April. Senior Vice President of Finance Paula Oyibo will replace him.

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Ulta Beauty Triumphs Despite Economic Uncertainties

RetailWire

Ulta Beauty's shares experienced a significant boost in after-hours trading last Thursday, following its Q3 earnings call.

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The Weekly Closeout: Petco slashes outlook and what’s going on at Uoma Beauty?

RetailDive

The pet retailer missed Q3 estimates, while the makeup brand could be at risk of closure by the UK government.

Retail 86
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Most Reliable Cars According to Consumer Reports

RetailWire

See where your vehicle falls in Consumer Reports' survey of most reliable cars.

Consumer 105
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Composable Commerce Reference Architecture 2024 Edition

Achieve more with your commerce with the help of Orium’s Composable Commerce Reference Architecture 2024 Edition. Presented in partnership with commercetools, Contentstack, and Google Cloud, this edition is packed with new insights and practical examples to help you navigate changes in digital commerce and construct an adaptable tech stack optimized for efficiency and scalability.

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Claire’s taps Bath & Body Works vet for CFO-COO role

RetailDive

The appointment comes as the retailer is weighing the best time to go public, after withdrawing an IPO earlier this year.

Retail 80
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Dolce & Gabbana Casa Unveils First UK Flagship Store on Brompton Road, Knightsbridge

365 Retail

Dolce & Gabbana Casa recently marked a significant milestone in its expansion by launching its first UK flagship store. Located at the distinguished 220 Brompton Road in Knightsbridge, this 3,400sq ft establishment is the brand’s inaugural standalone presence in London. This move follows the successful opening of two concept stores in Milan in 2022, showcasing the brand’s growing influence in the realm of luxury living.

Fashion 64
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Spar UK donates £250,000 to FareShare

TalkingRetail

Following Spar UK’s announcement this September that the symbol group had partnered with food redistribution charity FareShare to launch its ‘Giving One Million Meals’ campaign, a donation of £250,000 has now been made to the charity.

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MAPIC 2023: Pioneering Sustainable Growth and Innovation in Global Retail and Leisure

365 Retail

This week, the team from 365Retail was in Cannes for the annual MAPIC event, held from November 28 to 30 at the Palais des Festivals. The event, a key gathering for the retail, leisure, and hospitality industry, organised by Reed Exhibitions, was a hive of excitement and bustling activity. Showcasing the latest urban regeneration projects transforming cities globally, it covered major European cities as well as international projects from Saudi Arabia, Kuwait, India, Iraq, and Kyrgyzstan.

Leisure 64
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How To Craft Your Perfect Retail Tech Stack

Speaker: Jason Cottrell and Brian Walker

The era of all-in-one platforms is over. Now, retail success depends on integrating a blend of diverse technologies to thrive. As customers and stakeholders expect agility and innovation, how can you meet these expectations efficiently without stumbling into complexity? Explore a customer-centric approach to navigating digital transformation in retail.

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Is AI the Next Frontier for Macy’s New CMO?

RIS News

IHL Sees Potential for $7.5 Billion in AI-Driven Business Gains Through 2029 — Will Macy's new CMO Take This On?

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Seven Dials Welcomes New Retail Additions

365 Retail

Covent Garden’s Seven Dials area, managed by Shaftesbury Capital , has recently welcomed a diverse range of new retail brands to its portfolio. This development reflects the area’s continued attraction for both innovative independent brands and established names seeking to establish flagship stores. Among the new additions, Odd Muse and Missoma , both independent British brands, have launched their first permanent brick-and-mortar locations on Monmouth Street.

Retail 64
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A New Plant-Based, Non-Diary Kraft NotMac&Cheese Is Revealed

RetailWire

Will Kraft NotMac&Cheese become a household staple?

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Pricer appoints former Clear Channel exec as Chief Product Officer as it enhances its Plaza platform and suite of store execution solutions

365 Retail

Pricer, the leading solution for digitally connected stores and the world’s most trusted electronic shelf label (ESL) vendor, has today announced the appointment of Finn Wikander as its Chief Product Officer. With over a decade of experience leading the product and go-to-market strategy for out-of-home media company, Clear Channel Scandinavia, where he held the role of Chief Product & Strategy Officer, Wikander comes with a wealth of experience in successfully orchestrating product portfolio

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The Pragmatic Guide to Composability

Be empowered to master the digital landscape and implement modular and adaptable composable technologies. Authored by Orium, The Pragmatic Guide to Composability takes readers on a journey from composable’s beginnings to common misconceptions about the approach, then concludes with strategies for choosing implementations that result in quick wins to grow your ROI.