Fri.Apr 28, 2023

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How to sell online in 2023: The definitive guide

Omnisend

Reading Time: 15 minutes Starting a business sounds like an attractive idea for every entrepreneur until they get down to the nitty-gritty. Then the issue becomes where to begin. That’s why you need to learn how to sell online. After all, it’s 2023 and you can’t do without it. A recent survey revealed that over 50% of consumers globally prefer online shopping for two main reasons—it’s convenient and they can shop at any time.

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Amazon Retail and Cloud Growth Slows in Q1 but AI Investments Hold Promise

Retail TouchPoints

Amazon ’s net sales grew 9% year-over-year to $127.4 billion in Q1 2023. Net income was $3.2 billion for the period, compared with a net loss of $3.8 billion in Q1 2022. Growth in both retail sales and AWS services was slow compared to past quarters, in line with the uncertainty the retailer warned about earlier in the year , but investments in generative AI could pay off in the near future.

Retail 358
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455: If I Only Knew: 5 Life-Changing Insights About Business I’d Tell My Younger Self – Family First Friday

My Wife Quit Her Job

Welcome to the first “Family First Friday” episode on the podcast. On these Friday segments, I’ll be producing solo episodes about my philosophies on business, family and life. Today, I’m going to discuss 5 life changing insights about business and life that I’d tell me younger self! Enjoy! Other Resources And Books Pre-order my book, The Family First Entrepreneur Sponsors Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my

Books 238
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Gap to Lay Off 1,800 Employees as Part of Restructuring Plan

Retail TouchPoints

Gap Inc. will cut approximately 1,800 jobs from its headquarters and upper-field workforce as it seeks to “simplify and optimize its operating model and structure,” according to an April 25, 2023 SEC filing. The layoffs, which will cost Gap $100 to $120 million in employee-related and consulting costs, are expected to be completed by July 2023. The 1,800 jobs are more than 3X the 500 corporate jobs reported to be on the chopping block by the Wall Street Journal earlier this week.

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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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Rhetoric And Revenue: Alphabet’s And Microsoft’s Q1 2023 Earnings

Forrester eCommerce

Both companies featured AI heavily in their Q1 2023 earnings calls. Before Alphabet’s call began streaming on YouTube, attendees were shown a video about Bard, Google’s AI chatbot. During the call, “AI” was mentioned 51 times. During Microsoft’s, it was mentioned 34 times.

Reference 195
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How the Y2K Revival is Expanding True Religion’s Shopper Community

Retail TouchPoints

True Religion , born in the Y2K era, is benefiting from its current cultural resurgence. Creative Director Zihaad Wells attributes the brand’s heightened relevance among Gen Zers to its strong heritage and distinct design elements: the arch logo, buddha design and, of course, its signature rope stitch. But Wells knows that to successfully acquire this coveted group of consumers while also retaining its incredibly loyal base of millennial shoppers, the brand can’t simply live in the past.

More Trending

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Pinterest Opens to Third-Party Ads with Amazon as First Partner

Retail TouchPoints

For the first time ever, Pinterest is opening its platform to third-party ad demand, starting with a multi-year strategic partnership with Amazon. User engagement with shoppable content on Pinterest continues to grow, and the platform is hoping to expand this trend further by bringing more brands and products to the platform and connecting users directly to Amazon for purchase.

Marketing 278
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Hannover Messe 2023: It’s Back

Forrester eCommerce

Hannover Messe 2023 was bigger than last year, with lots of ChatGPT and metaverse, but also a welcome dose of pragmatism.

Customer 195
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Are Deskless Retail Workers in a Tech Drought?

Retail TouchPoints

Digitization has overhauled much of the business world, and in departments like finance or marketing you’d find most employees are hooked on apps that serve up-to-date information on the status of their programs and connect them with others on their team for real-time collaboration. But in many places across the retail ecosystem, an employee’s day to day can still feel very manual and their connection back to others in the business is irregular at best.

Retail 277
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The annual inflation rate is coming down

RetailWire

The inflation rate for the 12 months through March was up 4.2 percent, down from 5.1 percent for the year ending in February, according to the Personal Consumption Expenditures index.

Article 104
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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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Vera Bradley replaces CFO, plans more job cuts

RetailDive

The company is planning to cut as many as two dozen jobs as part of a corporate restructuring initiative targeting $12 million in incremental cost reductions.

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How to sell online in 2023: The definitive guide

Omnisend

Reading Time: 15 minutes Starting a business sounds like an attractive idea for every entrepreneur until they get down to the nitty-gritty. Then the issue becomes where to begin. That’s why you need to learn how to sell online. After all, it’s 2023 and you can’t do without it. A recent survey revealed that over 50% of consumers globally prefer online shopping for two main reasons—it’s convenient and they can shop at any time.

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Amazon Q1 retail sales flat as services drive growth

RetailDive

The company is focused on expanding services like advertising, where growth outpaced its retail and cloud businesses.

Retail 124
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Announcing: Proration Preview API

FastSpring

Looking to leverage FastSpring’s subscription capabilities and want to try out the preview API for yourself? Sign up for a demo or check out our free trial. Already a FastSpring seller and want to enable the Proration Preview API for your store? Or, do you just want to get into the technical details of the new Proration Preview API? Everything you need to know can be found in our product documentation and API documentation.

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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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Arc’teryx opens third Chicago-area store

RetailDive

The store, located in Oakbrook Center, marks the outdoor retailer’s 28th location in the U.S. and features its first ReBIRD service center in the city.

Outdoor 105
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20 best side hustle ideas to make money in 2023

Omnisend

Reading Time: 15 minutes Looking for side hustle ideas that help you make some extra cash in 2023? You’re not alone. A 2022 study by LendingTree shows 44% of Americans are running a side hustle to fill financial gaps and cope with rising inflation. And, the average figure they earn with their side hustle is $473 per month. Whether you’re saving up for a vacation or trying to pay off debt, having a lucrative side hustle can help you reach your financial goals faster.

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The Weekly Closeout: Amazon winds down Halo, Academy Sports + Outdoors names CEO

RetailDive

The e-commerce giant will no longer support the devices, while the sporting goods retailer has promoted its chief merchandising officer to the top spot.

Outdoor 105
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Consumers Value Values—and Their Loyalty Depends on Them

SheerID

To attract customers, brands need to reflect the values of shoppers by implementing personalized marketing and gated offers.

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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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Glossier founder Emily Weiss to leave Allbirds board

RetailDive

Weiss, who has been on the board since late 2020, is not standing for reelection at the brand’s annual stockholders meeting in June.

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Frasers Group Aims for European Growth and Commits to Investment in Regulated Buy Now Pay Later Sector

365 Retail

Sports Direct, Frasers Group’s sportswear and equipment operation, is the most scalable of the group’s retail models, according to CEO Michael Murray, as the Group looks to expand into Europe. Speaking at the World Retail Congress, Murray stated that following a successful ‘elevation strategy’ of their UK store portfolio , the Group will now look to grow its presence in Europe, seeing a clear opportunity in the market for exporting Sports Direct to the continent.

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EBay introduces ‘Certified by Brand’ luxury resale program

RetailDive

The marketplace allows brands to scale their secondary market efforts, while shoppers gain access to more authenticated watches, handbags and jewelry.

Jewelry 105
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Embracing Dynamic Features on Your Retail Website

365 Retail

Creating a website for a retail business is a must in the modern age, but it can also be a complicated and intimidating pursuit. Constantly evolving standards and tech can leave us feeling overwhelmed, where we might give up and assume that the same old designs can still keep up. To get the most out of a website in the 2020s, however, there are a few key components you need to keep in mind.

Retail 52
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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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S&P downgrades luxury furniture retailer RH

RetailDive

The company said it’s expanding into other sectors to diversify its revenue streams amid weakened home-related discretionary spending.

Retail 105
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A Good SEO Strategy Must Include These Elements

Digital Doughnut

Planning, optimising, and arranging your website to improve its search engine ranking is the process of developing an SEO website strategy. A solid SEO plan will help you better match search intent, resulting in more reliable traffic and leads for your business.

SEO 52
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McKinsey: Consumers are trading down — and splurging

RetailDive

Inflation is still impacting shopper behavior, but younger consumers are also spending more on treating themselves.

Consumer 110
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Auto part retailers are firing on all cylinders

RetailWire

Auto dealerships have seen sales slow down due to high prices and borrowing rates. The same is not true of the auto parts market where “O’Reilly Automotive just posted a 10.8 percent first-quarter same-store sales increase, its twelfth consecutive quarter of comp gains. AutoZone, another auto parts retailer, is expected to post a 4.3 percent same-store increase when it reports next month.

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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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Big news by a small change in ecommerce through AI

Ecommerce Guru

In the world of ecommerce, even small changes can make a big impact on the customer experience. And with the […] The post Big news by a small change in ecommerce through AI appeared first on Ecommerce Guru.

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Amazon posts $3.2 billion profit as it cuts jobs

RetailWire

Amazon.com reported a $3.2 billion first-quarter profit, up from a loss of $3.8 billion a year ago. The retail, logistics and technology giant has cut tens of thousands of jobs in recent months in an effort to grow its bottom line. “The results indicate that ongoing cost-cutting measures are having a positive impact on Amazon’s business prospects,” said Jesse Cohen, senior analyst at Investing.com.

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The future of performance marketing - Part 1

Funnel.io

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Mattel and Hasbro become ‘coopetitors’ in co-branded deals

RetailWire

Mattel and Hasbro have found some areas where they can cooperate rather than compete. Hasbro will produce Barbie-branded Monopoly games starting in the fall. Mattel will make UNO games and Hot Wheels vehicles with the Transformer brand.

Games 45
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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.