Fri.Mar 03, 2023

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Best Buy Shutters Up to 30 Larger Stores as it Shifts Omnichannel Operating Model

Retail TouchPoints

Best Buy is planning to evolve its operating model with a greater emphasis on smaller stores as the retailer plans to close 20 to 30 large-format stores, implement eight experiential store remodels and open approximately 10 additional outlet stores over the coming year. The retailer plans to invest $200 million in capital expenditures for both these physical store changes and routine store resets and maintenance, down from about $300 million last year.

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It’s Time To Move To A Business-Value-Aligned Tech Stack — Introducing The Strategic Technology Selection Guides For Enterprise Leaders

Forrester eCommerce

This series helps technology and digital business leaders think beyond traditional software selection methods and master the fundamentals.

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Nordstrom to Wind Down Canada Operations, Closing 13 Stores and Ecommerce Site

Retail TouchPoints

Nordstrom will shutter its six full-line department stores and seven Nordstrom Rack stores in Canada, along with its Canadian website , in a move that is expected to save the retailer $35 million in EBIT in fiscal 2023 compared to fiscal 2022. The ecommerce site closed on March 2, and the company expects to wind down its brick-and-mortar operations by late June 2023.

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Zero Trust Comes Into The Mainstream In Europe

Forrester eCommerce

Until recently, discussions about Zero Trust (ZT) in Europe focused on the what and why. The last year has seen a significant shift in the market, and organizations have now begun focusing on the how. European organizations see significant value in adopting Zero Trust and have taken steps to prioritize adoption.

Marketing 195
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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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Target, Macy’s and Dollar Tree Prep for a Tough Year Despite Holiday Success

Retail TouchPoints

While the 2022 holiday season was an overall success , the specter of a potential recession was clearly looming over the retail industry in the final months of the year. That pressure can be felt in the Q4 2022 results and fiscal 2023 outlooks released by a multitude of retailers this week. Walmart has already warned of an economic slowdown in the coming year, noting that shoppers’ savings rates are about half of what they were during the pandemic.

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Need To Hire A Low-Code Developer? Look For These Three Things

Forrester eCommerce

More Low-Code Development Requires More Low-Code Developers As low-code platform adoption and use rises, the need for low-code developers continues to grow. While Forrester recently argued that embracing low-code can mitigate the general shortage of developer talent, hiring a low-code developer remains tricky.

Customer 195

More Trending

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The Power of Sequential Retargeting for Ecommerce: How to Boost Conversions and Maximize ROI

Ecommerce Platforms

The first time the customer sees your product, they might not trust you. Sure, they’re interested, but they’d rather get to know you first. But ecommerce shops aren’t so easily discouraged. They use retargeting on Facebook, Google Ads, and other online channels to reintroduce themselves to their potential customers. And it’s great. For customers, it means they’ll get targeted ads based on what they actually like.

eCommerce 118
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Personalization that Consumers Expect Post-Pandemic

Retail TouchPoints

Today’s retail environment is challenging — whether it is price pressure from discounters, market disruption from online players, increased price transparency for shoppers or changing macroeconomics. To top that off, differentiation approaches in retail that have been around for ages, such as unique inventory or strategic pricing and promotions, can now be easily imitated.

Consumer 281
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SaaS Companies: Four Signs You’ve Outgrown Stripe

FastSpring

When you’re using a DIY payment solution like Stripe, making it work for your business falls on your developers. From testing out plugins to setting up new payment methods, maintaining Stripe can be very time-consuming. What if, instead of spending so much time making your payment stack work for you, your developers could focus on your product? This is one of the primary reasons why growth expert Fred Linfjärd encourages SaaS companies to consider using a merchant of record instead of a DIY solu

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9 Steps to Set up Your HubSpot CRM for Nonprofits

MakeWebBetter

Setting up HubSpot CRM is quite challenging. Especially for nonprofits as they operate differently. Unlike usual businesses, they use different pipelines, their reports vary, their products aren’t the same and their workflows are poles apart. Thus, it is important to have a set up manual so you can get started [.] The post 9 Steps to Set up Your HubSpot CRM for Nonprofits appeared first on MakeWebBetter.

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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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Best ChatGPT email marketing prompts [+ ecommerce examples]

Omnisend

Reading Time: 6 minutes Looking for the best ChatGPT prompts for your email marketing campaigns? You’re in the right place. In this guide, you’ll learn how to: Improve your email marketing with ChatGPT Boost your open rates with autogenerated subject lines Generate fresh marketing ideas to keep your campaigns engaging Optimize your prompts to better connect with your audience Fine-tune your messaging with ChatGPT-generated examples Ready to harness the power of ChatGPT and take your

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In push for growth, Nordstrom bets on Rack, exits Canada

RetailDive

Amid Q4 declines, the department store is prioritizing its off-price business, rapidly expanding its footprint and improving its assortment.

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Empowering women through ecommerce

Omnisend

Reading Time: 7 minutes Every year on March 8, the world celebrates International Women’s Day (IWD) by highlighting the numerous achievements that women have made in all areas. And every year, IWD updates its theme. For 2023, it’s all about equity, with the slogan/hashtag #EmbraceEquity. Women are crucial to every facet of life, and this includes the ecommerce industry, where their impact is felt more than seen.

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Conversion Optimization: 4 Ways to Optimize Your Product Pages

UpSellIt

Every stage of a website maintains a different role for a reason. To properly optimize your entire website, you need to have specific strategies for each stage of the funnel to maximize sales and engage website visitors. Product pages are specifically important because they’re a deep dive into your brand identity and what you can provide for consumers.

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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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The Weekly Closeout: Walmart lands $1B a month in orders fulfilled by stores, Parade heads to Target

RetailDive

Store fulfilled delivery sales have nearly tripled in two years at the big-box retailer, and the DTC intimates brand inks another major wholesale deal.

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Conversion Optimization: 4 Ways to Optimize Your Product Pages

UpSellIt

Every stage of a website maintains a different role for a reason. To properly optimize your entire website, you need to have specific strategies for each stage of the funnel to maximize sales and engage website visitors. Product pages are specifically important because they’re a deep dive into your brand identity and what you can provide for consumers.

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Target to broaden assortment of products priced $15 and under

RetailDive

The retailer is leaning further into its "Tarjay" reputation and will also expand its Apple and Ulta shop-in-shops.

Retail 104
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Can refocusing on promotional mix over price win back customer loyalty?

365 Retail

In January 2023 grocery price inflation hit a record high of 16.7% according to the latest industry figures – it is now predicted that households will face an extra £788 on their annual shopping bill. Worried customers have already made adjustments to shopping patterns as shop sales fell by record numbers both in December and across the whole of last year as consumers cut spending.

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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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Ex-Twitter exec joins Peloton as new chief people officer

RetailDive

Dalana Brand is the second executive at Peloton to bring experience from the social media platform. She will report directly to CEO Barry McCarthy.

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What Is Organizational Agility?

ChannelAdvisor

At first glance, “organizational agility” may seem like a buzzword that doesn’t actually mean anything. In reality, it’s the most important characteristic a business can have in a changing market and economy. The term refers to a company’s nimbleness in the face of change. Take the COVID-19 pandemic, for instance. When quarantining kept consumers at home and caused stores to shut down, businesses that had failed to digitally transform were left with no way to sell or connect with customers.

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QVC, HSN parent lays off 12% of its workforce

RetailDive

The move, which affects some 400 employees, will generate $60 million in savings as Qurate Retail Group continues to work on its turnaround plan.

Retail 95
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Former Chairman and CEO of JD Sports, Peter Cowgill, confirmed as Retail Technology Show keynote

365 Retail

Former Chairman and CEO of sports and fashion retailer, JD Sports, Peter Cowgill, is confirmed as a keynote speaker for the Retail Technology Show , taking place on 26 & 27 April 2023 at London’s Olympia. An industry heavyweight, during his nearly two-decade tenure at JD Sports Cowgill is credited with driving its international expansion, building out its successful online business and overseeing its FTSE 100 membership after acquiring a portfolio of brands including Sprinter, Go Outdoors an

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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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Victoria’s Secret will reboot its fashion show this year as turnaround gains traction

RetailDive

The once infamous event was canceled four years ago amid rising criticism of its messaging and the dawn of #MeToo.

Fashion 99
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How Do Online Live Casino Games Work?

365 Retail

It’s fair to say that many of us have played a game at some point in our lives, whether it’s a video game, online game, or on our mobiles. Playing in a live casino or gaming site is something that’s becoming increasingly popular, however, there are some that have yet to venture into the world of live gaming. So if you’re considering doing so, here are some tips for you.

Games 52
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Showfields brings Hims & Hers, Chubbies to Miami store

RetailDive

The South Beach store features a Cabana Curation, a Wedding Suite and a Mushroom Market to highlight DTC products.

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What Is Organizational Agility?

ChannelAdvisor

At first glance, “organizational agility” may seem like a buzzword that doesn’t actually mean anything. In reality, it’s the most important characteristic a business can have in a changing market and economy. The term refers to a company’s nimbleness in the face of change. Take the COVID-19 pandemic, for instance. When quarantining kept consumers at home and caused stores to shut down, businesses that had failed to digitally transform were left with no way to sell or connect with customers.

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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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TJX sees buying opportunities as retail sector falters

RetailDive

The off-pricer’s CEO said product availability has been “phenomenal” as other companies look to offload product they can’t sell.

Retail 81
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Walmart to open 28 healthcare centers in 2024

RetailWire

Walmart plans to open 28 new healthcare centers in 2024. That will bring the company’s total to 75. Walmart had 32 clinics operating at the end of 20922 and plans to open 17 more this year.

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Eight Enterprise Tech Forecasts and Predictions B2B Marketers Need to Know for 2023

Digital Doughnut

2023 will be a game-changing year. As B2B marketers, we’ll need to continue to execute integrated standout digital campaigns, probably with less budget; we’ll see deeper levels of automation, and focus on new, meaningful metrics that help us generate strategic insight for our organisations.

B2B 52
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Senate to vote on subpoena for Starbucks CEO

RetailWire

Sen. Bernie Sanders said that the Senate’s Health, Education, Labor, and Pensions committee would vote on March 8 on whether to issue a subpoena for Howard Schultz. Starbucks’ interim CEO has declined to appear in front of the committee to address questions about the coffee giant’s union-busting activities. Starbucks has maintained that Mr.

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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