Thu.Feb 24, 2022

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Headless Solution Provider fabric Valued at $1.5B after Latest Funding Round

Retail TouchPoints

Ecommerce software company fabric has raised $140 million in a Series C funding round led by SoftBank, less than a year after its $100 million Series B. Fabric’s funding to date now totals $293 million and puts fabric at a $1.5 billion valuation. The company’s rapid growth tracks with the broader ecommerce boom: global ecommerce surpassed $5 trillion in 2021, and B2B ecommerce is expected to reach $20.9 trillion by 2027.

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Leapfrog From Compliance As A Strategy To Awareness, Behavior, And Culture Change

Forrester eCommerce

Compliance as a strategy has been one of my bugbears in information security for as long as I can remember. Even when I was a junior professional in the field, I understood the limitations of what we juniors lovingly called the “tick-and-bash” approach — the practice of ticking boxes to confirm that the organization followed […].

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ABG Expands Social and Retail Media Capabilities with David Beckham Partnership

Retail TouchPoints

Authentic Brands Group (ABG) has entered into a strategic partnership with David Beckham to co-own and manage his global brand. As part of the deal, David Beckham has become a shareholder in ABG and ABG reportedly took a 55% stake in David Beckham Ventures for $269 million , people familiar with the matter told CNBC. ABG’s partnership with Beckham will launch as the portfolio management company expands into new territories including EMEA and APAC Beckham will be managed from ABG’s European headq

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Shopify Vs Etsy – Which Platform Is Better For Selling Online?

My Wife Quit Her Job

If you are looking to sell handmade or vintage goods online, then you’re probably deciding between Shopify vs Etsy as your primary ecommerce platform. Right now, Shopify is one of the most popular shopping carts in the world that is scalable, flexible and future proof. Meanwhile, Etsy provides an inexpensive way to start selling online with a built in audience of 82 million buyers.

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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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Pet Supplies Plus Expands Reach and Services Assortment via Wag N’ Wash Acquisition

Retail TouchPoints

Independent pet goods retailer Pet Supplies Plus has acquired emerging franchise retailer Wag N’ Wash. While the business model for Pet Supplies Plus has focused on services, prescription fulfillment and products for an array of pets, Wag N’ Wash specializes in niche products and services including self-wash options, grooming services and natural food products for dogs along with a selection of cat-focused items.

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The Evolving Omnichannel Customer Experience — and How To Adapt Accordingly | Salsify

Salsify

Shopping experiences no longer stop and end in a brick-and-mortar store; today’s buying journey involves a multitude of touch points where consumers interact with a brand or retailer.

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What is microservices-based ecommerce and why is it important?

Kibo

All types of businesses are moving to microservices-based solutions out of a need for scalability, agility, and reduced downtime (among other things, as we’ll get to in a minute). Globally, 85% of enterprise businesses currently use microservices, with the rate of adoption also high among mid-sized businesses at about 75-84%. Companies like Netflix, Uber, Etsy, and Amazon have long-known that microservices provide advantages over traditional monolithic systems, particularly when it comes to ecom

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Extend Helps Retailers Boost Post-Purchase Loyalty With Protection Plans

Retail TouchPoints

Extend aims to help retailers take control of their post-purchase customer experience with product protection plans. Retailers can introduce value-added services to help build shopper trust and loyalty and keep customers within the brand ecosystem. The full-stack platform, which is powered by AI technology and underwriting capabilities, is designed to power innovative plans, optimize multiple revenue channels, ensure the fastest time to market and deliver best-in-class end-to-end service.

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Walmart launches beauty accelerator, Walmart Start

RetailDive

The goal of the program is to prepare up-and-comers in the space to debut in over 1,000 of the mass merchant's stores.

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Benefits To Using an API-First Strategy

Algopix

Over the past few years, eCommerce businesses have had to deploy new digital technologies to better serve their customers and stay one step ahead of their competitors. As such, many eCommerce providers have adopted application programming interfaces (APIs) to integrate their software with such shopping platforms as Shopify, Magento, eBay, Amazon, and more.

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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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Allbirds plans entry into wholesale to raise brand awareness

RetailDive

The DTC company is still "unknown" to the majority of U.S. consumers and is hoping a select number of "premium" retail partners will help with that.

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U.S. grocery sales up in 2021, with more sales shifting online

Profitero

Total U.S. CPG industry sales reached $962 billion in 2021, up 2.7% on top of unprecedented 10.6% growth in 2020, according to the latest Growth Leaders in CPG report by market research firm IRI.

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Wayfair's revenue falls 11.4% in Q4 as its losses widen

RetailDive

The online retailer benefited at the onset of the pandemic. But as consumers shift spending to physical channels, the company is losing customers.

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How NASCAR is Winning Fans by Engaging Core Consumer Communities

SheerID

Learn the differences between first-party data and zero-party data and how to use information to create personalized customer experiences.

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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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The Backroom: Kohl's vs. Wall Street

RetailDive

Activist investors have pressured the retailer to divest assets and potentially even sell itself. Retail Dive reporters discuss the implications of such moves.

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Supply chain confidence returning for retailers

365 Retail

Nearly half of retailers think they will see the end of widespread supply chain delays and disruption this year, with movement of goods returning to levels of normality seen before COVID and Brexit. New research* by Advanced Supply Chain Group (ASCG) shows high confidence amongst 46% of retailers in supply chains normalising this year, whilst a third think 2022 will see some improvements in the timeliness and reliability of moving products.

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Amazon sues two sites for allegedly selling fake reviews

RetailDive

Over the past few years, the e-commerce giant has been trying to remove fake reviewers and counterfeit sellers from its platform.

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The Covid Effect Revealed: The Impacts on In-House Marketing

Digital Doughnut

49% of European in-house teams are working remotely full time, 67% of brands have increased their digital marketing initiatives, 48% report that the demand for content has increased and 97% of respondents have moved at least part of their digital marketing in-house — and nearly half began within the past 12 months.

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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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Bath & Body Works CEO to step down

RetailDive

Andrew Meslow is leaving for health reasons after fifteen years with the brand, which grew sales by 22% last year.

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How is Artificial Intelligence (AI) Changing the Realm of SEO?

Digital Doughnut

As marketers, you must introspect whether your search engine marketing strategy is based on industry-wide best practices. Are you confused because you're not getting the results that you want or are not getting the requisite results quickly enough?

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Draper James RSVP debuts at Kohl's

RetailDive

Reese Witherspoon's brand Draper James launched an exclusive collection that is now available in 500 Kohl's stores.

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Shipt to make deliveries for Walgreens and 7-Eleven

RetailWire

Shipt members can now order products for delivery from Walgreens and 7-Eleven across the country. The deals mark the most stores ever covered by Shipt in one day since its founding. Walgreens has more than 6,300 locations and 7-Eleven has 6,450.

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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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What is Open to Buy? – definition, formula, examples

Retalon

Open to buy optimizes inventory efficiency. Inventory makes or breaks retailers. Buying too much ties up cash in unsold stock and keeps you from ordering product your stores need. Buying too little reduces sales — and the cash you need for more inventory. Open to buy (OTB) planning lets you control inventory and stay cash flow positive. Other benefits of OTB management include: More flexible inventory.

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Boots expects to receive acquisition offers today

RetailWire

Walgreens is looking to sell its Boots drugstore business in the UK. The company set today as the day for bidders to make their initial offers for the chain. Boots is valued at $10.88 billion.

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5 REASONS OMNICHANNEL ORDER FULFILMENT IS ABOUT MORE THAN JUST SPEED…

RetailMinded

2021 was unlike any other year in commerce history, pushing digitalization full speed ahead thanks to the pandemic forcing retailers to adapt to changes in consumption, channel shifts, supply chain, customer expectations and more. . As ecommerce continues to boom, it has reinforced the need for retail brands to strengthen their online fulfilment and shorten click-to-customer cycle times.

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Estée Lauder suspends exec over social post

RetailWire

Estée Lauder has suspended John Demsey, executive group president, for a meme he posted on his personal Instagram account that included a racial slur and jokes about COVID-19. The post has been removed from Mr. Demsey’s account.

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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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How Much Does a Credit Card Machine Cost?

Korona

Credit card machines cost anywhere from less than a hundred dollars up to a thousand depending on who’s selling it and what features your company needs. A reader that requires connection to your phone or tablet can be very inexpensive, while a machine that has multiple displays and processes off-site transactions can cost more than ten times as much. .

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Mixed use remodels provide hope for malls

RetailWire

A growing number of malls are reconfiguring to add space for residences and offices. Said Steven Levin, founder and CEO of Centennial Real Estate, “There’s a tremendous demand for residential, to be built in an environment that provides all of these amenities of dining and music and art and shopping.

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How To Set Up An LLC? A Step by Step Guide For Retail SMB Owners

Korona

Choosing the right business structure is one of the most essential steps in establishing and running your business. Many retail and small business owners decide to set up an LLC for the liability protection it offers. . An LLC, or limited liability company, combines the best aspects of corporations, sole proprietorships, and partnerships into a single business structure that provides business owners with liability protection, a flexible management structure, and many tax advantages. .

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IKEA debuts new community-based store concept

RetailWire

Ingka Group’s real estate division has opened Livat in London, a new urban concept store that is about one-fourth the size of IKEA’s traditional stores. The store offers about 1,800 items on display for purchase and 4,000 overall that can be ordered for delivery. The store also features meeting spaces, food and products. “Meeting places are more important than ever; we have to get away from this idea of either/or for online and physical space.

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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