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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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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7 Items To Buy In Bulk And Sell Individually For A Profit

My Wife Quit Her Job

If you want to sell physical products online but don’t have the budget for private labeling, buying items in bulk for resale is an excellent strategy. Buying in bulk cuts down on per-item costs, provides volume discounts, and often includes free shipping. In this post, I’ll outline seven items you can purchase in bulk and resell individually to achieve a healthy profit margin.

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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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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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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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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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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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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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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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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

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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.

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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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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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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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Planning the Architecture of Your Modular DXP

Are you considering moving away from a monolith platform and over to composable architecture? Join experts from Google Cloud, GroupBy, and Orium as they discuss the benefits of moving to a modular digital experience platform. In this masterclass, uncover key indicators that show your brand is ready for a modular DXP, and learn how to lay the foundation for composable commerce.

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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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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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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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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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How Personalized Customer Experiences Drive Retail Growth and Revenue

Speaker: Shaunna Bruton - Associate Director of Product Strategy at Orium | Sam Panzer - Director of Industry Strategy at Talon.One | Frank Passantino - Director of Product Management at Bloomreach

More and more, customers are expecting a better personalized CX. But can retailers actually deliver? Data from McKinsey shows that companies that excel in personalization increase their revenue by 40%, but despite these numbers, retailers struggle to implement customer personalization strategies. So what are the potential solutions? Join us to gain a better understanding of the current retail landscape and learn what you can do to translate personalization strategies into practical implementatio

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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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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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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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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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Retail's Next Frontier: Exploring and Proving the Value of AI

AI is everywhere. It’s in customer service interactions, product recommendations, marketing outreach, and yes, even commerce experiences. But not every use of AI provides the same value to your brand. In this masterclass, experts from Constructor, commercetools, Contentstack, and Orium discuss how AI can complement your composable tech stack and help bring in immediate ROI.

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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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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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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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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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2024’s Retail Odyssey: Going Small, Artificial, and Augmented!

Speaker: Kelly Goetsch - Chief Strategy Officer at Commercetools | Jason Cottrel - CEO & Founder at Orium | and guest speaker Brendan Witcher - VP, Principal Analyst at Forrester

Significant modifications are on the horizon for digital commerce in retail and customer experience come 2024. The pace of tech shifts will intensify, businesses are set to defund legacy solutions, and attractive opportunities will surface as social and retail media players join forces. To stay ahead of the curve, digital leaders are experimenting with less risky initiatives and scaling back on outdated projects that no longer yield impactful results.