Mon.Nov 27, 2023

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Fight inflation with algorithmic retailing: a strategy for growth in a difficult market

365 Retail

Inflation remains a huge problem for consumers reticent to spend and retailers struggling to stay afloat. While the rate of inflation is in slight decline, it is still more than three times the BoE’s 2% target. Shop prices rose at an annual rate of 6.2% in September, down from 6.9% in August according to figures published by the British Retail Consortium.

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OpenAI Has Five Possible Paths To Monetization

Forrester eCommerce

What OpenAI’s Future Monetization Model Might Mean For The Company — And For You OpenAI has been all over the news recently, for all the wrong reasons. A dramatic showdown between members of the board of directors, company executives, investors, and even employees caught everyone’s attention.

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Touchland CEO Reveals 5 Social Media Best Practices for the Holidays

Retail TouchPoints

This is Part 3 of The Holiday Readiness Series, which will feature tactical tips and takeaways from experts that retailers can still apply to rev up their sales results. Looking for even more data and insights to power your approach? Check out Part 1, which focused on improving CX and Part 2, which focused on empowering store associates. Touchland is more than just a hand sanitizer brand — it’s a self-care brand, according to Andrea Lisbona, the company’s Founder and CEO.

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The State Of B2B Marketing Measurement In 2023: Five Key Observations

Forrester eCommerce

What exactly is the current state of B2B marketing measurement, what do B2B marketing leaders need to look out for, and what can be improved? Here are five key measurement observations from Forrester’s Marketing Survey, 2023.

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A Blueprint for B2B Commerce

In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

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Retailers Focus Giving Tuesday Efforts on Feeding People, Pets

Retail TouchPoints

Among the many charity-themed promotions associated with Giving Tuesday on Nov. 28, several are designed to feed the hungry — whether they have two legs or four. From Nov. 27 to Dec. 4, 2023, Instacart and participating CPG brands will donate one serving of fruits and vegetables for every dollar spent on the platform for these brands, up to a collective total of 1 million servings.

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Tech Leaders: Drive Towards Successful Business Outcomes In 2024

Forrester eCommerce

Discover the three distinct ways leading CIOs are driving their firm's growth agenda (and how they're using generative AI).

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More Trending

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How Poor UX Affected My Choice of Insurance Provider

Forrester eCommerce

This is a story of how user experience flaws drove me away from one insurance provider into the arms of its competitor.

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Discounts Drive Record-Breaking Black Friday, Cyber Weekend Spending

Retail TouchPoints

As Cyber Monday sales continue to roll in, Cyber Week appears to have allayed retailers anxieties by delivering another year of record consumer spending, according to Adobe Analytics. Online spending on Black Friday came in above projections, at $9.8 billion (up 7.5% YoY); Thanksgiving drove $5.6 billion in online sales (up 5.5% YoY); and Adobe is predicting that Cyber Monday will be the biggest online shopping day of all time with a sales forecast between $ 12 billion and $12.4 billion.

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Custom GPTs for Marketers

Practical eCommerce

Custom GPTs can generate logos, web layouts, content analysis, brand messaging, and much more. The post Custom GPTs for Marketers appeared first on Practical Ecommerce.

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Ikea Debuts ‘Plan and Order Point’ Store Format in Dallas Market

Retail TouchPoints

Ikea will open a Plan and Order Point as its third store in the Dallas-Fort Worth market on Nov. 29, 2023, offering design consultations as well as a location where customers can pick up their online orders. The 10,800-square-foot location in Southlake joins two large-format stores in Frisco and Grand Prairie, Texas. Customers can book appointments with Ikea experts while they design, quote and order Ikea products, and while customers won’t be able to take products home directly, Ikea can arrang

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How Harry Rosen Turns Targeted Personalization Data into Retail Loyalty

Speaker: Shaunna Bruton and Kailey Holmes

Unlock the potential of customer data to create personalized retail experiences that resonate with your audience. This webinar will explore the critical role of customer data in modern retail, providing you with strategies to collect, analyze, and apply data to enhance personalization. Learn from leading retailers, like Harry Rosen, and experts on how to turn data into actionable insights that drive customer satisfaction and loyalty.

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Abercrombie & Fitch sales jump 20% in Q3

RetailDive

The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.

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Yodel and Vinted Strengthen Partnership to Bolster UK’s Pre-Loved Fashion Delivery Network

365 Retail

Yodel has recently declared an extension of its collaboration with Vinted , the online marketplace. This enhanced alliance, solidified through a multi-year contract, foresees a notable escalation in the number of parcels managed by Yodel, an independent carrier. Under this agreement, the volume of parcels from Vinted expected to be processed by Yodel will see a considerable increase.

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Walmart is widening the gap with Amazon in grocery e-commerce, report finds

RetailDive

The retailer's share of the online grocery market will expand to nearly 27% by the end of 2024, while Amazon’s will slip to 18.5%, according to Insider Intelligence.

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Ecommerce Product Releases: Nov. 27, 2023

Practical eCommerce

Many companies provide software and services for ecommerce merchants. Every week we publish a rundown of new updates and releases. The post Ecommerce Product Releases: Nov. 27, 2023 appeared first on Practical Ecommerce.

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

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Unclaimed Baggage Store in Alabama Sells Lost Luggage From Airlines

RetailWire

Millions of vacationers are making their way back home from their Thanksgiving trips, and for some, their lost luggage will end up as unclaimed baggage.

Travel 106
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Urban Outfitters’ Nuuly rental business turns a profit in Q3

RetailDive

In addition to a swing into the black with $300,000 in operating profit, sales soared 86% at the unit, which also offers some resale.

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Gas Attendant’s Mistake Wins One Man $25K for Life

RetailWire

A Michigan man won $25K a year for life after a gas station attendant made a mistake on his lottery ticket.

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Madhappy opens first store

RetailDive

The 2,800-square-foot location is in West Hollywood, California, and features an assortment of its apparel as well as an on-site cafe.

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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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Google To Begin Deleting Inactive Accounts as Early as December

RetailWire

If users want to keep their older Google accounts active, they can take certain steps to ensure none of their data is lost.

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Tapestry’s New Las Vegas Fulfillment Center to Tap Robotics

RIS News

Joseph Gillespie, senior director of engineering and facilities for Tapestry’s North America fulfillment centers, shared with CGT details about the latest advancements in technology within fulfillment.

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Amazon Overtakes FedEx and UPS as the Top Delivery Business

RetailWire

Amazon has emerged as America's No. 1 delivery business, surpassing both UPS and FedEx.

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Allbirds begins selling on Amazon

RetailDive

The sustainability-focused brand expands its sales channels amid a company-wide transformation effort focused on improving profitability.

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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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Go Local expansion in the West Midlands

TalkingRetail

Parfetts said it is attracting new retailers to the Go Local fascia across the West Midlands following the opening of its Birmingham depot. Four new Go Local Extra and nine Go Local fascia stores have joined Parfetts growing network of over 1,200 stores. The latest additions to the network also include eight bespoke stores, where.

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Home gym company Tonal partners with Best Buy

RetailDive

The brand’s products can be purchased on Best Buy’s website in what the DTC company says is a “large-scale retail expansion.

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Major tobacco and vape company calls for more regulation

TalkingRetail

BAT, the UK’s largest listed tobacco and vaping company, has launched a multi-pronged media campaign urging new regulations be introduced so the vaping industry can fulfil its potential to make smoke-free a reality in the UK. England wants to be smoke-free (smoking prevalence falling to 5% or less) by 2030 – with Wales targeting a.

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Walmart adding parcel stations for faster delivery, greater density

RetailDive

The retailer plans to have more than 40 stations, described as mini post offices, in its stores by the end of 2023.

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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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Mobile Purchases Surge During Record-Breaking Black Friday

RetailWire

Black Friday lived up to its reputation as a powerhouse for retail with record-breaking sales this year.

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How Hershey is reinventing candy displays

RetailDive

Agile fulfillment means retailers receive customized displays with the right mix of products at the right volume.

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Bed Bath & Beyond Locations Are Claimed by Retailers

RetailWire

After the closing of its business, Bed Bath & Beyond locations that have been abandoned are now being claimed and transformed by other companies.

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Driving Digital Transformation in the Heavy-Duty Industry with TruckPro

Pivotree Blog

By: Sam Russo In a fireside chat at the Syndigo Connect Conference in Chicago on November 9, Reid Garrett, VP, Product Management and Merchandising, TruckPro, shared significant aspects of the dynamic partnership the organization has developed with Pivotree and Syndigo over the last several years. TruckPro is a large North American heavy-duty parts distributor for the maintenance, repair, and operations industry.

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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.