Wed.Jul 13, 2022

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Kaiyo’s Expansion Brings Full-Service Furniture Resale Model to L.A. 

Retail TouchPoints

Secondhand furniture reseller Kaiyo has introduced its services on the West Coast with a launch in Los Angeles following its generation of $36 million in Series B funding. This most recent round brings the company’s funding to nearly $50 million , which will support Kaiyo’s expansion beyond Northeast U.S. cities including New York, Philadelphia, Baltimore and Washington, D.C.

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Economic Uncertainty: Here’s How Consumers Are Responding

Forrester eCommerce

The economic turmoil trailing in the wake of the COVID-19 pandemic is roiling. CMOs cannot simply dust off their recession playbooks from years past and expect to understand — let alone serve — customers today: The unique combination of social, economic, and political tensions in this moment will shape when, where, and why consumers are […].

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Wholesale Marketplace Bulletin Acquired By NY NOW Parent Company Emerald Holding

Retail TouchPoints

Bulletin , a wholesale marketplace connecting over 3,000 independent brands with more than 26,000 retailers, has been acquired by Emerald Holding , the owner and organizer of NY NOW , the wholesale market for retail where brands, buyers and designers gather to connect and discover. All Bulletin employees will join Emerald as part of the acquisition, including co-founders Alana Branston and Ali Kriegsman.

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For CPG Marketing Leaders, Customer Obsession Means Driving Category Growth

Forrester eCommerce

“The consumer is our boss.” This statement is at the core of a defining principal at my former employer, Mars, and the spirit of this idea is similarly at the core of many B2C companies’ operating philosophies. Forrester calls putting the customer at the heart of everything you do, “Customer Obsession” and it’s proven to […].

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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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99 Cents Only Stores Launches Connected Omnichannel Loyalty App With Retail Media Capabilities

Retail TouchPoints

99 Cents Only Stores is launching a new app to enable connected in-store shopping experiences with multi-language capabilities at all 382 locations in California, Texas, Arizona and Nevada. The app, which was created in partnership with Swiftly , aims to provide customers with enhanced mobile shopping experiences and generate new advertising revenue for the retailer.

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Media Is The Flywheel For Integration And Growth

Forrester eCommerce

Are Integrated Agency Relationships The Way Of The Future? Many indicators point to “yes.” CMOs Want Integration Intrigued by the potential lift from integrated marketing solutions, CMOs are changing the nature of their agency relationships to be more connected and improve marketing impact. Our research shows that nearly two in five CMOs will restructure their […].

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Google Public Sector Is A Move To Amplify Industry-Specific Credentials

Forrester eCommerce

On June 28, Google unveiled plans for a new Public Sector subsidiary aimed at helping US public institutions, such as state, local, and educational institutions, drive digital transformations into the cloud. The company also has US federal ambitions by partnering with the Defense Innovation Unit, the US Navy, and the Department of Veterans Affairs (VA). […].

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Understanding Geographic Segmentation: Factors, Benefits, and Examples

UpSellIt

Today more than ever, personalization is the key to optimizing the user experience and driving sales and brand loyalty. Leveraging data collection to create a personalized experience is an important aspect of strategic marketing. Segmentation is a means of categorizing that data in order to guide campaign direction. Segmentation helps companies organize their audience into smaller categories, allowing for more effective brand communication.

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Where does Sonia Syngal's exit leave Gap?

RetailDive

With underperformance across its brands, many of the retailer’s problems are self-inflicted. But others are a sign of broader trouble in apparel.

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The State of Ecommerce Project Management 2022: Aligning the Strategy, Cost, and Resources

Digital Doughnut

Despite unprecedented ecommerce growth, retailers are still wary of fully embracing digital transformation to meet the customers’ changing needs and optimize business operations. What are the reasons behind merchants’ fear to tackle ecommerce development projects and how can sound project management help? Read more in this report.

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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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Victoria's Secret lays off 5% of corporate workforce, merges namesake and Pink operations

RetailDive

The company is laying off 160 people in order to save $40 million, and has hired the woman who launched Amazon Prime Day as its chief customer officer.

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How To Maintain A Registered Trademark

RetailMinded

A registered trademark is an essential asset for your business. It can help you secure the rights to a name, logo, or another identifying symbol. A registered trademark will also protect you from others trying to use your mark in their businesses. Suppose you’ve registered your trademark by making use of a trademark registration service , and you don’t maintain your registered trademark by following specific rules established by the trademark governing body in your country.

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Gopuff laying off 10% of global workforce, closing dozens of US warehouses

RetailDive

The company, which is eliminating jobs for the second time in just a few months, is taking action as instant delivery faces an “inflection point,” according to a memo sent to investors.

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5 Trends IoT Will Bring To Retail In 2022

365 Retail

For a solid few years now, the Internet of Things (IoT) has been rapidly ushering in a digital revolution – or otherwise known as Industry 4.0. . IoT is the network of physical objects or “things” embedded with electronics, software, sensors, and network connectivity that enables them to collect and exchange data. Industry 4.0 is one in which all aspects of the retail experience – both on the front end and the back end – are in communication for the most efficient and optimal outcome.

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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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GameStop launches NFT marketplace

RetailDive

The latest progression of the retailer’s digital transformation follows news that it fired its CFO and reportedly plans layoffs.

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Amazon Prime Day Recap, Day 1

ChannelAdvisor

Please Note: The gross merchandise value data presented below (“GMV”) is based on aggregate sales activity across our customer base selling on US-based sites and includes sales from all channels excluding digital marketing channels. This material also includes highlights concerning certain product categories. Because marketplaces have different category structures, the data is presented using categories standardized by ChannelAdvisor.

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Amazon bringing new and improved Dash Carts to Whole Foods

RetailDive

Amazon will trial the carts at a store in Massachusetts before bringing them to additional locations along with “many” Fresh stores.

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How to Optimize Your Google Shopping Feed?

Prisync

Google Shopping is a comparison shopping platform that allows retailers to advertise their products to.

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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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Crocs' Heydude revamps its brand

RetailDive

The casual shoe brand is leaning into levity as it chases a $1 billion revenue target and is already beating growth expectations.

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Amazon Prime Day Recap, Day 1

ChannelAdvisor

Please Note: The gross merchandise value data presented below (“GMV”) is based on aggregate sales activity across our customer base selling on US-based sites and includes sales from all channels excluding digital marketing channels. This material also includes highlights concerning certain product categories. Because marketplaces have different category structures, the data is presented using categories standardized by ChannelAdvisor.

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Walmart to purchase 4,500 Canoo electric vehicles to boost last-mile coverage

RetailDive

The retailer is beefing up its delivery fleet as it gears up to fulfill more online orders with a short turnaround time.

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How Can Museums Make Money Online?

Korona

In addition to being vessels of knowledge, education, and cultural management, museums are also businesses. The savvy museum professional has a vested interest in understanding how they operate and are structured. And with the advent of the COVID-19 pandemic, many museums have seen their visitor numbers drop considerably, leading them to reassess their management and revenue generation dynamics.

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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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True Religion combines CFO, COO roles

RetailDive

Sandip Grewal is stepping into the position as the company aims to achieve a $500 million revenue goal.

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Overstocks are hitting large retailers the hardest

RetailWire

Inventory levels are high for almost all retailers but especially at larger chains, according to industry experts. “You could look at an inventory-to-sales ratio and say, ‘Oh, they look like they’re doing OK,’” said Nikki Baird, vice president of strategy at Aptos. “But what’s happening under the covers is they’re way overstocked in these categories, and they’ve sold out on these, and they still can’t get a lot more of the things that are moving fast.”.

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Verishop raises $40M in Series B round

RetailDive

The financing will go toward improving its capabilities, with a focus on supporting independent and up-and-coming brands.

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Gas prices drive inflation upward

RetailWire

The prices that Americans pay for goods rose 9.1 percent year-over-year in June, according to the Bureau of Labor Statistics. Rising gasoline prices, which topped an average of $5 a gallon in June, were a big driver of inflation. Prices have been coming down in recent weeks with the average gallon of gas costing $4.63, according to AAA.

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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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Why Are Corporations Buying Digital Assets?

Digital Doughnut

It’s 2022, and the futuristic trends continue to emerge… Today, many firms have chosen to follow an “aggregator” business model in order to merge with and acquire (often digital) businesses that generate consistent revenue. In large part, professionals have seen these aggregators buy up ecommerce companies (like Amazon sellers). .

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Prime members spend more than double what nonmembers spend on Amazon

RetailWire

Prime members spend an average of $1,400 a year compared to $600 for nonmembers. Members spend $139 for an annual membership that gets them free fast shipping and other perks.

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Figma to Shopify: Why Convert Figma Design to Shopify?

AcquireConvert

What is Figma and what can you do with it? Figma is in the same broad “family” of design tools as Sketch, Adobe XD, Invision, and Framer. It is a vector graphics editor and prototyping tool that can help developers design a precise prototype of the website you want. Its catchline is “Nothing great is made alone”, which should tell you that Figma is all about collaboration.

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Pepsi says consumers willing to pay more for drinks and snacks

RetailWire

PepsiCo is currently passing along higher costs to its customers believing that those who purchase its drinks and beverages will not be put off in the process. That doesn’t mean that it will continue to do so forever. “As inflation keeps going up,” Ramon L. Laguarta, PepsiCo’s CEO said, “we’re going to have to be super agile and very precise on the choices we make with the consumer.”.

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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