Fri.Oct 14, 2022

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TikTok Doubles Down on Community, Creators with New Platform Updates

Retail TouchPoints

As TikTok kicks off its second annual TikTok World business summit, the social media juggernaut is making headlines for more than just new platform updates. Earlier in the week, Axios reported that TikTok is beginning the process of building out its own U.S.-based fulfillment centers in a bid to directly challenge ecommerce giants like Amazon and Shopify.

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Levi’s sees jump in supplier violations, points to wage payment challenges

RetailDive

The retailer terminated two supplier relationships for noncompliance after it found zero-tolerance violations, per its annual sustainability report.

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The Dropship Dilemma: Why and How Retailers Need to Evolve Dropship Strategies

Retail TouchPoints

Established retailers exploring how a marketplace model would best fit into their business strategy have a common question — what’s the difference between dropship and marketplace fulfillment that utilizes third-party sellers, and how can it benefit their business? The answer is, quite a lot. Dropshipping means different things to different businesses.

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Amazon’s fall sales event estimated to have fallen short of Prime Day — while still raking in billions

RetailDive

Transaction values and revenue in the holiday kickoff sale came in well under the company’s traditional summer sale this year, according to outside estimates.

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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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Victoria’s Secret Aims for $7.3B in Sales by 2025 as Brand Continues Image Overhaul

Retail TouchPoints

Victoria’s Secret revealed during its Oct. 13 Investors’ Day presentation that it will attempt to reach $7.3 billion in sales by 2025. As the company recovers from the impact of a tarnished image and DTC competitors, such as digitally native ThirdLove , who have gained market share within the $16 billion intimates business during the retailer’s rebrand, it is trying to overcome what it has termed “execution missteps” that saw sales drop from $7.5 billion in 2019 to $6.6 billion in Q2 2022 traili

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The Weekly Closeout: Lacoste names deputy CEO and Mattress Firm is (still) mulling an IPO

RetailDive

Catherine Spindler was most recently the company’s chief brand officer, while the mattress company’s owner is still figuring out what to do with it.

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Battersea Power Station opens to the public

365 Retail

Nearly forty years after the lights were switched off at one of London’s best loved landmarks, Battersea Power Station opens today, Friday 14 th October , marking the first time the public can explore this iconic architectural masterpiece and enjoy the first of its unique shops, bars, restaurants and leisure venues. Electric Boulevard, a new pedestrianised high street, that runs between Gehry Partners’ Prospect Place and Foster + Partners’ Battersea Roof Gardens to the riverside neighbourhood’s

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Lowe’s New Partnership with Yahoo Illustrates the Maturation of Retail Media

Retail TouchPoints

Lowe’s has teamed up with Yahoo to power off-site media experiences for brands advertising through the Lowe’s One Roof Media Network. The new partnership is just the latest example of the maturation of the retail media model , which until recently has been dominated by fairly basic website-based offerings such as sponsored search, display ads and promoted listings.

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Vuori opens flagship store in NYC

RetailDive

The SoHo store is the activewear brand’s largest location, and comes on the heels of its first store in London.

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Dobbies expands click and collect relationship with John Lewis Partnership

365 Retail

John Lewis click and collect orders can now be picked up from selected Dobbies garden centres, as part of a new trial.? . Customers at Dobbies in Aberdeen, Huntingdon and Gillingham will now be able to collect their John Lewis parcels from the next day.?Collection is free of charge for orders over £30 and there is free collection for any order up until 19 October. . © Stewart Attwood Photography 2022.

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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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J.C. Penney to offer holiday sales throughout November

RetailDive

The retailer has tapped the Backstreet Boys for a Facebook Live event to kick off its holiday festivities.

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The Ultimate Guide to Brand Personality (and why it matters)

Email Audience

Brand personality is the key to humanizing your company. Without a distinct personality, your company is little more than a huge vending machine churning products. Customers need something to relate to if they’re going to advocate for your brand. Think about the companies you feel the most affinity with. The products and services might be great, but there’s often something more.

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4 Key Takeaways on CPG’s Biggest Opportunities

ChannelAdvisor

Consumers can’t seem to get enough of online grocery shopping. In fact, grocery e-commerce has doubled since 2019 and is the only category that hasn’t returned to its pre-pandemic trendline. . This presents a unique opportunity for consumer packaged goods (CPG) brands to up their digital investments. But is there a secret retail media strategy everyone should know — or is it as simple as mastering the basics of thoughtful content, performance management and goal alignment?

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Basudha Shrivastav: The Multipreneur talks about her journey of her second startup

Ecommerce Guru

Basudha Shrivastav: The Multipreneur Talks About Her Journey Empfly, a business solution provider brand, is dominating the business solutions sector and earning its recognition. Looking at the success and innovation of the brand, we at Ecommerce Guru took the pleasure of inviting the COO of the brand, Mrs. Basudha Shrivastav, to inspire young minds and […].

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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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How Loyalty and Membership Programs Increase Your Amusement Park Revenue

Korona

All companies must continue to learn and adapt to smarter ways of operating within their industry. One of the most effective strategies for encouraging customer retention and increased consumer spending is to implement loyalty and membership programs. This is evident from the fact that almost 83% of customers are more likely to stay faithful to an organization with a loyalty platform.

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4 Key Takeaways on CPG’s Biggest Opportunities

ChannelAdvisor

Consumers can’t seem to get enough of online grocery shopping. In fact, grocery e-commerce has doubled since 2019 and is the only category that hasn’t returned to its pre-pandemic trendline. . This presents a unique opportunity for consumer packaged goods (CPG) brands to up their digital investments. But is there a secret retail media strategy everyone should know — or is it as simple as mastering the basics of thoughtful content, performance management and goal alignment?

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Demand for warehouse space is falling off

RetailWire

Warehouse leasing activity in the third quarter fell to its lowest level since the pandemic began and vacancy rates, while still quite low, have begun to tick up slightly. “We’re not seeing an avalanche of space coming on the market or anything like that, but we are starting to see some signs that things are slowing down a little bit,” said Mark Russo, senior director and head of industrial research at Savills Inc.

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Footasylum first to install innovative ‘high bright’ Philips LED displays in refurbished Bristol store

365 Retail

Leeds-based digital out-of-home (DOOH) display specialist UX Global – a certified PPDS Platinum Partner for Philips professional displays – has completed the first UK installation of the brand-new Philips higher brightness 7000 Series dvLED screen technology. . The 3.5m x 3.75m large format LED digital display screen was installed on the High Street-facing wall of UX Global’s retail client, Footasylum’s, newly refurbished Cabot Circus store in Bristol. .

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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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A recession could do some big retailers in

RetailWire

Bed Bath & Beyond, Party City, Rite Aid and Tuesday Morning have elevated risks of bankruptcy, according to credit agencies. Others, such as Gap, may be forced to close stores and cut jobs. “The companies that were skating on the edge before Covid had this brief reprieve. Now we’re going back to the old rules,” said Berna Barshay, a retail analyst.

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Energy & Utilities Marketing is About to Get Very Interesting…

Digital Doughnut

It is no secret to anyone who doesn't live in a cave in a forest that we are all experiencing the very embodiment of the old Chinese curse “May you live in interesting times”. Geopolitical turmoil is at its worst (Slava Ukrani, while we’re on the subject), much of the Western world is only now recovering from one of the hottest summers on record, and now we’re staring down the barrel this winter of a European energy crisis the likes of which consumers haven’t seen in forty years.

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CVS cutting the price of private label period products by 25 percent

RetailWire

CVS Health said that it is reducing the cost of its owned brand tampons, menstrual pads, liners and cups by 25 percent. “Women have long faced systemic barriers on their path to better health — from access to affordability to stigma,” said Michelle Peluso, EVP and chief customer officer for CVS Health and co-president for CVS Pharmacy. “We hope our actions help break down barriers and close gaps, while also inspiring other companies to follow our lead.

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The Evolution of Digital Transformation Services in Banking

Digital Doughnut

Shifting from traditional banking services to the digital space is only one aspect of digital transformation services. The way in which banks and other financial entities engage with, appraise and reward customers has to change significantly. Understanding digital customer behavior, preferences, likes, opinions, explicit & implicit demands, and goals are the first step in implementing an effective digital transformation strategy.

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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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Ocado shares get a boost from Kroger/Albertsons merger

RetailWire

Ocado saw shares in its stock jump over 10 percent in late trading yesterday on news that its biggest client, Kroger, was in talks to acquire Albertsons. The British company builds and operates automated warehouses for Kroger in the U.S.

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Our Learnings From the Inaugural Salsify Workflow Hackathon

Salsify

Last week, Salsify, along with six of our premier partner organizations, held our first-ever Salsify Partner Hackathon.

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Brands and retailers are getting out the vote for midterm elections

RetailWire

Argent, DTLR, Esquivel, Kenneth Cole and REI are just some of the brands and retailers running get-out-the-vote campaigns ahead of the 2022 midterm elections. REI has created an election resource hub for employees and members alike at REI.com/vote.

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Amazon’s Fall Prime Day Sets the Tone for the Holidays — Discounts and Early Shopping

Retail TouchPoints

Amazon sold more than 100 million items during its first-ever fall Prime sales event — nothing to sneeze at to be sure, but only a third of what the ecommerce giant moved during its core Prime Day sale in July. Still, Amazon’s Early Access sale, which took place Oct. 11 and 12, 2022, appears to have had the effect Adobe predicted of moving up the start of holiday shopping earlier than ever.

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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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Retailers aren’t waiting on Black Friday

RetailWire

There’s still more than a month to go before Black Friday but retailers are offering Black Friday-like deals now as they seek to give consumers the incentives they need to make discretionary purchases.

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Our Learnings From the Inaugural Salsify Partner Hackathon | Salsify

Salsify

Last week, Salsify, along with six of our premier partner organizations, held our first-ever Salsify Partner Hackathon.

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Retail sales unchanged in September

RetailWire

Total U.S. retail sales were unchanged in September compared to the month prior, according to the Commerce Department. Core retail sales excluding autos, gas, building materials and food services were up 0.4 percent.

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Kroger and Albertsons to Merge, Forming National Retailer With Over 4,500 Stores

Retail TouchPoints

Kroger and Albertsons Companies have entered into a definitive agreement under which the retailers will merge to establish a national footprint. Under the terms of the agreement, Kroger will acquire all of the outstanding shares of Albertsons for an estimated total consideration of $34.10 per share, with a total enterprise value of approximately $24.6 billion.

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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