Tue.May 09, 2023

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Bergdorf Goodman Boosts Circularity Efforts with New ‘Conscious Closet’ Service

Retail TouchPoints

Bergdorf Goodman has launched its Conscious Closet program, designed to extend the useful life of customers’ luxury goods through a range of personal styling, alteration, repair and resale services. The new offering will be a central element in parent company Neiman Marcus Group ’s commitment to extend the useful life of 1 million luxury items through circular services by 2025.

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Empowerment Is Critical For Digital Product Management Success

Forrester eCommerce

We’ve heard about the importance of empowering employees. Studies have shown a link between employee empowerment and engagement. Furthermore, when employers give employees the responsibility to lead and make decisions, employees become highly motivated, creative, and productive.

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8fig Raises $140M to Support Online Sellers with Funding, Financial Management Tools

Retail TouchPoints

8fig , a funding and management platform for ecommerce businesses, has closed a $140 million Series B funding round, bringing its total funding to date to $196.5 million. The round was led by Koch Disruptive Technologies (KDT) with participation from existing investors Battery Ventures, Localglobe, Hetz, the Jesselson family and Silicon Valley Bank , now a division of First Citizens Bank. 8fig provides ecommerce businesses (primarily marketplace sellers) with bespoke funding plans, optimized acc

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Can Synthetic Data Help Deliver On The Promise Of AIOps?

Forrester eCommerce

Tools leveraging ML models in dynamic environments must be continuously fed new data in order to adapt to changing conditions and goals. They need to learn as much as possible about their new environments before being fully able and safe to provide service and ultimately deliver value. Synthetic data can help address these and other AI/ML challenges.

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The Pragmatic Path to Composability: Adapting to the Future through Modularity

Speaker: Jason Cottrell

Brands used to look for a vendor who could do everything. Over time, one vendor was no longer enough to meet a brand’s needs, and they added, added and added. Now they need all their vendors to work well together. That’s composable, and only some will make the cut. As customers — and your board — expect you to be in new channels and to rapidly adapt to shifts in the market, the need for true composability is more crucial than ever before.

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Amazon Anywhere Offers In-Game Shopping for Real-World Products

Retail TouchPoints

Amazon has debuted a new immersive shopping functionality called Amazon Anywhere that allows customers to discover and buy physical products from Amazon within virtual environments such as video games, augmented reality applications and mobile apps. Today, most shopping in virtual worlds is enabled through virtual currencies and is usually limited to in-game digital items, as with the Robux players use to buy apparel and accessories for their avatars in Roblox.

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Avoid These Seven Myths To Design A Successful IT Operating Model

Forrester eCommerce

The myths of operating model design are the misconceptions that can hinder progress and lead to failure when attempting to transform your IT organization. Understanding these myths and avoiding the associated pitfalls is critical to ensuring that you can design an effective and robust operating model that delivers long-term value.

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UpSellit is Recognized By Inc. as a 2023 Best Workplace

UpSellIt

UpSellit has been recognized as a 2023 Inc. Best Workplace ! Each year, the honorees are considered against thousands of companies. Back in 2021, Inc. recognized companies that continued to rise amidst a chaotic year. The following year, Inc. honored companies that reimagined what a successful business should feel like. Now, in 2023, Inc. is highlighting a class of companies that continue to thrive and embrace change in a way that redefines what it means for a workplace to be great.

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Foot Locker Names Nike Exec to Lead Latino-Focused WSS Banner

Retail TouchPoints

Foot Locker has named Blanca Gonzalez as SVP and General Manager of its WSS banner, effective May 15, 2023. Gonzalez was most recently VP of North America Product Merchandising for Nike and brings more than 19 years’ experience in marketing, merchandising and sales leadership positions. Gonzalez will report directly to Frank Bracken, EVP and Chief Commercial Officer at Foot Locker, and oversee the operations at WSS, which is known for its neighborhood-based store presence and connection with Lat

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What Are the Biggest Online Shopping Holidays Worldwide? | Salsify

Salsify

While most holidays involve quality time with family and friends, online shopping holidays bring shoppers and their credit cards together to scour the web for the best deals. From influencers sharing their top picks on Instagram and TikTok to news sites publishing their lists of must-buy products, these shopping holidays are hard to avoid for consumers worldwide.

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Walmart Names Two-Decade Veteran to Top Merchandising Role

Retail TouchPoints

Walmart has named Latriece Watkins as its new U.S. Chief Merchandising Officer. She replaces Charles Redfield, who reportedly vacated the role on May 1, though he will remain with the company as an advisor, according to The Wall Street Journal. Watkins is a 24 -year Walmart veteran who has served in multiple roles, most recently as EVP of the U.S. Consumables Division.

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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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Printful vs Spocket (2023): A Quick Comparison

Ecommerce Platforms

Dropshipping is undoubtedly a booming industry that allows for easy product access without the hassle of purchasing and storing inventory. So if you're looking to jump on the dropshipping gravy train, you might be in the market for a dropshipping platform. Here we're considering two such options: Spocket and Printful. Are you curious to know which is better for your business?

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NRF: US imports forecast to remain ‘well below’ 2022

RetailDive

Although retail sales are expected to increase, “we’re not seeing the explosive demand we saw the past two years,” the NRF said.

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Tinuiti Live 2023: Questioning Your Way to Clarity

CPC Strategy

[This post was authored by Shannon Mullery and Emily Sullivan, Content Specialists at Tinuiti.] Tinuiti’s CEO, Zach Morrison, and CMO, Dalton Dorné, kicked off Tinuiti Live 2023 at Ease 605 in NYC.

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Victoria’s Secret debuts film ahead of ‘completely reimagined’ fall fashion show

RetailDive

The intimates retailer ended its annual event four years ago amid mounting criticism and has struggled to pivot from its previous marketing approach.

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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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How to write an apology letter to customers (+ 8 examples)

Omnisend

Reading Time: 11 minutes Why write an apology email to customers? While mistakes like a wrong email or delayed shipment are all too common in the business world, they can lead to a negative customer experience. According to a study by Emplifi, just one negative experience is enough for 52% of customers to stop doing business with a brand. And, two bad experiences are enough for 86% of customers to switch their loyalties.

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From stores to suppliers, how Destination XL tries to dodge the inventory ‘kiss of death’

RetailDive

“We have a philosophical point of view where we'd rather be chasing goods than chasing cancellations,” CEO Harvey Kanter said.

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Ecommerce Content Creation Podcast: Telling Your Product’s Story

Talkoot

Ecommerce Content Creation Podcast: Telling Your Product’s Story Anna Rillahan Talkoot Chief Growth Officer The role of AI in product information management In this episode of the E-commerce Content Creation Podcast, host Daniel Jester interviews Brian Hennessy, CEO and co-founder of Talkoot, the most powerful and complete AI product storytelling platform.

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Christmas Tree Shops files for Chapter 11

RetailDive

The New England-based discount retailer owes vendors millions and is asking a court for permission to close about 10 stores.

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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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How to Enter New Global Markets by the Holidays

ESW

To fully compete in today’s global ecommerce marketplace, brands with DTC channels can no longer be content to sell domestically. As competition increases and opportunities grow, it is imperative that brands enter new markets and enter them quickly. Achieving accelerated speed-to-market is difficult and costly to do in-house. But engaging the right vendor allows brands to open up shop in new markets by the 2023 holiday shopping season.

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Warby Parker revenue up 12.2% in Q1 as it reins in marketing spend

RetailDive

The direct-to-consumer eyewear company narrowed its net loss again and is focused on becoming a holistic eye care provider.

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How to write an apology letter to customers (+ 8 examples)

Omnisend

Reading Time: 11 minutes Why write an apology email to customers? While mistakes like a wrong email or delayed shipment are all too common in the business world, they can lead to a negative customer experience. According to a study by Emplifi, just one negative experience is enough for 52% of customers to stop doing business with a brand. And, two bad experiences are enough for 86% of customers to switch their loyalties.

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ThredUp lists on alternative stock exchange

RetailDive

The resale company will commit to a vision for sustainable and inclusive business practices on the Long-Term Stock Exchange.

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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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What’s new: Omnisend’s May 2023 updates

Omnisend

Reading Time: 3 minutes What’s new: Omnisend’s May 2023 updates It’s been a busy month at Omnisend and we’ve got great new features to help you get the most out of your email marketing for the rest of the year. With these features and the tips you’re about to read, you’ll stay in touch with your audience, grow your list, and boost sales—not just for the summer months but right through to Black Friday, Christmas, and beyond!

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Tempur Sealy snaps up Mattress Firm for $4B

RetailDive

Mattress Firm, which has been buffeted by the disruption in the segment and recently canceled its IPO, still runs more than 2,300 stores.

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Lidl GB Announces Plans for New Leeds Distribution Centre

365 Retail

Lidl GB has announced that it is recruiting over 1,500 warehouse colleagues across its existing regional distribution centre (RDC) network, while confirming plans to build a new RDC on a 35-acre site in Gildersome, Leeds. The plans submitted to Leeds City Council for a 54,000m 2 build represent a significant investment and showcases Lidl GB’s commitment to fostering local economic growth, alongside its continued expansion within Great Britain.

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Under Armour CEO: ‘Growth is, without a question, our highest priority’

RetailDive

New chief Stephanie Linnartz identified a slew of areas that need work and rolled out a strategy that hinges on athleisure.

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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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Coronation Impacts UK Retail Footfall: Central London Booms, Nationwide Mixed Results

365 Retail

According to retail experts MRI Springboard, last week saw mixed results for retailers as footfall was majorly impacted by the Coronation. Across the week as a whole, footfall increased +3.0% on 2022 levels and dropped just -0.2% on last week. However, footfall dropped by -20.6% across UK retail destinations on Coronation day compared to the week before, as consumers were drawn away by the once in a lifetime event, while in contrast, places like Central London saw a significant footfall boost.

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Shopify Traffic: 8 Tips to Increase Visitors

Prisync

Shopify traffic is generated from your website's traffic sources. It's not just about quantity though. Here we have 4 tips for you.

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What are the Best Times to Post on Social Media in 2023

365 Retail

With nearly 5 billion social media users worldwide and across several platforms, social media presents many opportunities. In fact, social media has become a much more cross-functional and collaborative channel in the last few years. Where it had once been used solely for brand awareness, now there is an impact of social media on business across several teams: customer experience, sales, product development, content, and marketing.

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From Emerging Brands to Household Names: How Basemakers Adapts to Succeed in Today's Retail Landscape

RepslyBlog

Without question, the rise of e-commerce and changing consumer behavior has caused the retail industry to undergo significant changes in recent years. And Max Baumann, the founder and CEO of Basemakers, and a thought leader in the retail execution field, recently provided a comprehensive perspective on how brands can succeed in this ever-evolving retail industry.

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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.