Thu.Jun 06, 2024

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Media Networks Beyond Retail: How to Activate Your Right to Win

Retail TouchPoints

With retail media ad spend projected to reach $140 billion this year, companies outside of retail seeking new revenue streams have an opportunity to dominate the next wave of media networks. Where retailers carved out a unique ability to deliver closed-loop media measurement, large-scale businesses in verticals such as travel, sports, entertainment and delivery services can offer advertisers rich first-party data and exclusive behavioral insights into loyal, passionate and targeted audiences.

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AI for the People: Improving Governance And Adoption Are Key for Public Sector AI Efforts

Forrester eCommerce

Like the changes wrought by open data and third-party apps in the 2010s, AI will revolutionize the internal workings of the public sector and how it engages with its constituents in the next 5 to 10 years.

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Sam’s Club Taps 50K-Strong Member’s Mark Community to Provide Product Input

Retail TouchPoints

The Sam’s Club division of Walmart is supersizing crowdsourcing via its Member’s Mark Community, an opt-in network that boasts 50,000 engaged participants. The Community provides input on products before they reach Sam’s Club stores, from voting on exclusive flavors to testing and trialing new items. The retailer had relaunched the Member’s Mark private label brand in April 2022.

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Preview: Technology & Innovation Summit North America

Forrester eCommerce

Technology and data leaders are at a pivotal moment, being pressed to chart a path that capitalizes on new and emerging technology to drive meaningful business results. Learn how Forrester’s annual Technology & Innovation Summit North America can help you get there.

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

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Dollar Tree Considers Selling Family Dollar Stores as it Reviews Alternatives

Retail TouchPoints

Dollar Tree, Inc. has initiated a strategic review of its struggling Family Dollar segment, considering options including a sale, a spinoff or “other disposition of the business,” according to a statement. “Dollar Tree has been on a multi-year journey to help the company fully achieve its potential,” said Rick Dreiling, Chairman and CEO of Dollar Tree, Inc. in a statement.

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Align or Fall Behind: Overcoming Software Strategy Execution Challenges in APAC

Forrester eCommerce

In APAC, the software industry is booming with a growth rate of +10.3% expected in 2024. Yet, mastering a software strategy remains a complex task for many.

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Ex-Post Office CEO Paula Vennells almost sacked back in 2014, inquiry hears

TalkingRetail

Government officials were considering sacking former CEO Paula Vennells back in 2014, it has been revealed today (6 June) during the Post Office inquiry. The inquiry was shown an internal government document that showed Vennells’ position was under review.

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Monsoon Launches Bridalwear and Occasion Dress Rental Service with MyWardrobe

365 Retail

British retailer Monsoon has launched a new partnership with clothing rental business MyWardrobe , offering customers a capsule collection of bridalwear and occasion dresses for hire. This initiative, Rent Monsoon, is now available on Monsoon’s website, just in time for peak wedding season. The rental service allows fans of the contemporary and expressive brand to access a range of beautiful wedding dresses, including the bestselling feather-trimmed bridal jumpsuit, as well as a limited co

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Google Ad Updates from Marketing Live 2024

Practical eCommerce

Google announced over 30 new advertising features at this year's event. Here are the most impactful for merchants. The post Google Ad Updates from Marketing Live 2024 appeared first on Practical Ecommerce.

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Top Predictions for 2024 Holiday Shopping Trends [DOWNLOAD] | Salsify

Salsify

On the nice-to-know list for the upcoming holiday shopping season: Nearly two-thirds of shoppers plan to shop on Black Friday and spend the same as last year — some generation groups will shell out even more.

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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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Lululemon CEO says it missed opportunities in the women’s business in Q1

RetailDive

A narrow color palette and insufficient inventory in smaller sizes contributed to slower growth in the U.S., though overall revenue was still up 10%.

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Amazon expands UK grocery delivery

TalkingRetail

Amazon is now offering grocery deliveries to all its customers in eligible cities across the UK. Customers across the UK have a range of options to get groceries delivered by Amazon including Amazon Fresh, Morrisons, Co-op, and Iceland.

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Offline Conversion Tracking

ROI Revolution

Is your business leveraging offline conversion tracking to enhance your digital marketing strategy? If any of your brand’s revenue results from transactions that occur over the phone, through online chat, or from a form submission like a quote request or appointment booking, and you’re not using offline conversion tracking, you are likely missing out on crucial insights.

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4 Best Xsolla Competitors in 2024

FastSpring

Xsolla is a merchant of record (MoR) payment provider that serves the video game industry. The platform includes a broad feature set that provides game developers with the infrastructure needed to sell online and accept online payments globally, without having to manage localization, sales tax and VAT, or fraud prevention on their own. That said, Xsolla isn’t a great fit for every video game company who may have specific needs around features, geographic support, or service levels that Xsolla do

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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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Understanding Price Elasticity in Retail: Types and Strategic Application

Wiser

Price elasticity is a fundamental concept in economics and marketing that measures how the demand for a product changes in response to price variations. Mastery of this concept allows retailers and brands to make informed pricing decisions that can significantly influence profitability and market competitiveness. Types of Price Elasticity Price Elasticity of Demand (PED) : Elastic Demand : Here, a small change in price leads to a significant change in the quantity demanded.

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Sofía Vergara launches coffee brand on Walmart.com

RetailDive

Díos Mio Coffee — which is available in whole and ground beans, K-Cups and Nespresso pods — will enter the mass merchant’s stores in September.

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The Difference Between Closed-Affiliate and Open Verification: Why It Matters for Your Brand

SheerID

Learn why you should avoid predatory closed-affiliate providers, and how SheerID collects your data securely so you can build direct customer relationships.

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Banana Republic unveils refreshed New York City flagship

RetailDive

The revamped SoHo location features concierge, styling and tailoring services, along with the first BR Home showroom in the city.

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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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Walmart Introduces Incentive Program for Hourly Employees

RetailWire

Walmart, the biggest private sector employer in the U.S., is rolling out a new bonus program tailored for its hourly staff.

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Big Lots may be making more turnaround progress than it seems

RetailDive

Despite sales down double digits and rising debt levels, one analyst says the bad consumer backdrop is masking its improvements.

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IBVTA urges political parties to recognise potential health benefits of vaping

TalkingRetail

The IBVTA’s Responsible Vaping Manifesto, launched today (6 June) sets out the vape sector’s asks and what the next government should ensure.

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Lululemon Shifts Focus to International Markets

RetailWire

Lululemon, the renowned Canada-based athletic apparel retailer, is witnessing a significant shift in its growth dynamics.

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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.

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Flash Kitchen Roll hits the shelves

TalkingRetail

Cleaning brand Flash has launched its first kitchen roll product. Made by Lancashire-based Accrol Papers under licence from brand owner Procter & Gamble, the three-ply roll is available in two sizes – handy sheets for quicker jobs and XL sheets for larger jobs.

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Why Abercrombie & Fitch isn’t complaining about the weather

RetailDive

A merchandising-first mindset is behind the once-troubled brand’s transformation into one of the best performers in retail, analysts say.

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A Cookieless World: What’s Next for Marketers?

Digital Doughnut

Since January, Google has officially started phasing out third-party cookies. The move, which is part of Google’s Privacy Sandbox initiative to protect personal data online, is forcing marketers to re-evaluate their personalisation technologies. This isn’t something that can be solved overnight, but it does need to be addressed.and quickly.

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Victoria’s Secret beat expectations in Q1, but is it enough?

RetailDive

Its namesake and Pink brands have held onto some 20% market share in intimates, though its beauty business is its best-performing category.

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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, 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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FDA Advisors Unanimously Vote in Favor of Updated COVID-19 Shot

RetailWire

The updated COVID-19 shot would be made available in the fall if officially approved.

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Ikea remodels remote work with paid positions for Roblox store

RetailDive

The Swedish retailer is offering jobs to 10 people to staff the digital space and drive real-world recruitment.

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Heineken reveals new Strongbow Strawberry flavour

TalkingRetail

Strongbow Strawberry (ABV 4%) is rolling out now in 4x440ml cans and 500ml bottle formats. Strongbow Strawberry joins a range of flavours from the brand – including Dark Fruit, Strongbow Tropical and newly launched Zest.

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Ladurée Opens Expanded Tearoom Above Flagship Store in Covent Garden

365 Retail

Shaftesbury Capital has announced that Ladurée , the luxury French pâtisserie brand, has opened a new space for tea and haute cuisine above its flagship store in Covent Garden. Located on the corner of the historic Market Building, the expanded tearoom overlooks the West Piazza, increasing the brand’s footprint in this iconic heritage setting. Ladurée’s expansion is the latest in a series of refurbishments by brands at the destination, reflecting Shaftesbury Capital’s commitment to investing in

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From Concept to Deployment: Building Commerce Storefronts with Composable UI