Fri.Dec 03, 2021

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Report: Sean Combs Places $3.3 Million Bid to Acquire His Sean John Brand Out of Bankruptcy

Retail TouchPoints

Hip-hop entrepreneur Sean “Diddy” Combs has reportedly placed a $3.3 million bid to acquire his own fashion brand, Sean John , out of bankruptcy, according to Bloomberg. The retailer is currently 90% owned by brand management firm GBG USA through a joint venture with Combs, who sold the majority stake in 2016. Combs is now the stalking-horse bidder for Sean John; other interested buyers can submit offers until Dec. 15, 2021.

Fashion 327
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Subject Matter Experts: Why You Should Use Them and How to Find Them

Kissmetrics

In a world of information overload, subject matter experts (SMEs) are more important than ever. SMEs can help give important insights and context for your blog or marketing content and help keep readers engaged with the subject. Their specific knowledge and expertise can be of value to your readers, but subject matter experts can also help with search engine optimization (SEO) by providing the keywords and keyword phrases that will get you found in web searches.

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REI Taps Former Amazon Exec for New Chief Commercial Officer Position

Retail TouchPoints

REI Co-op has named long-time Amazon executive Cameron Janes to its newly created position of SVP and Chief Commercial Officer. The outdoors retailer also has promoted Kelley Hall to EVP and CFO, and named Vivienne Long to SVP and Chief Marketing Officer. Cameron Janes. Janes, whose most recent position was VP, Physical Retail for Amazon, will begin his new role on Jan. 2, 2022.

Outdoor 287
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How to Attract and Keep Employees at Digital Marketing Agencies After the “Great Resignation”

Kissmetrics

Employee turnover is a huge cost to any business. These costs have the potential to be incredibly damaging to marketing agencies. It hurts their productivity, increases costs, and can even compromise client relationships. Unfortunately, it’s a problem likely to get worse. You may have heard about the great resignation, but what is it, and what can you do to stop your digital marketing agency staff from leaving?

Marketing 240
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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, 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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Shoe Carnival Buys Shoe Station, Expects to Operate 400+ Stores by End of 2022

Retail TouchPoints

Shoe Carnival has made the first acquisition in its 43-year history with the purchase of family-owned shoe retailer Shoe Station for $67 million. Shoe Station currently has 21 locations in five Southeastern states, which Shoe Carnival will now own and operate under the Shoe Station banner. With the addition of these locations, Shoe Carnival expects to surpass 400 stores by the end of 2022.

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How To Ensure Your Organization’s TEI Gets The Most Mileage

Forrester eCommerce

Make sure your TEI is meeting your organization where it’s currently at. The main objectives should be in-line with your organization’s strategy today, not tomorrow.

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Facebook ads for the holidays with 3 examples you can steal

Omnisend

Reading Time: 6 minutes. Ad spending on Facebook has increased dramatically in recent years, from just $324 billion in 2017 to an incredible $2.26 trillion in 2020. It’s now among the most competitive advertising platforms on Earth, with even more money than usual pouring in throughout November and December. In our previous article, we discussed the best ways to run Facebook ad campaigns for Black Friday/Cyber Monday.

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Amazon Print on Demand: How to Sell POD on Amazon

Ecommerce Platforms

Wondering how to sell Amazon Print on Demand products? You’re in the right place. For entrepreneurs keen to start their own ecommerce business, Amazon stands as one of the most popular platforms. Easy to use and brimming with versatility, Amazon represents a fantastic tool for getting products in front of an already phenomenal audience. While you can certainly sell your own products on Amazon, it’s also possible to work with a host of dropshipping providers and similar partners, including print-

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BFCM 2021: Email, SMS, and push message statistics & trends

Omnisend

Reading Time: 9 minutes. This year, the Black Friday-Cyber Monday (BFCM) period was a bit different from previous years. According to Adobe, this Cyber Monday saw a 1.4% decrease in sales —the first slowdown ever since it began tracking BFCM sales in 2012. Adobe also saw a big increase in supply issues—there was a 169% increase of out-of-stock messages in online shops in November compared to the pre-pandemic January 2020.

eCommerce 148
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Neiman beefs up executive ranks

RetailDive

The department store also began the year with a leadership shakeup, doubling down on digital as it seeks to reignite growth after last year's bankruptcy.

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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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KhataBook: A Simple & Effective Way of Accounting

Ecommerce Guru

In our chaotic everyday lives, we tend to get preoccupied with various tasks and forget about to manage book-keeping and track of all financial transactions, which may make things seem quite frantic at times. Fortunately, we now have the option of relying on excellent accounts management software, which keeps track of our due dates and efficiently handles the digital logbook of online transactions that we do.

Books 97
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Popsugar releases first fitness equipment line at Target

RetailDive

The 17-item collection, which will be available in the retail giant's stores and website, features products like yoga mats, dumbbells and kettlebells.

Retail 115
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The Movember Movement

GetElastic

Did you know that November is Movember? Movember is a movement around men’s health. It all started when two friends met at a bar and wanted to bring back the mustache. They got 30 of their friends to grow out mustaches for 30 days in November, which was a fun bonding experience between the group of men. The mustaches led to many conversations and caused a lot of reactions and conversations around the types of mustaches men were growing.

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The Weekly Closeout: The Container Store brings in new brands and the latest Toys R Us comeback

RetailDive

The home goods retailer is adding products from Blueland and The Laundress, while the once-ubiquitous toy retailer is entering brick and mortar again.

Toys 116
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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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Christmas shoppers urged to support Small Business Saturday

365 Retail

Shoppers are being urged to support small businesses as they face fresh uncertainty heading into the crucial festive trading period. Organisers of this weekend’s Small Business Saturday have called for a significant show of support and to use the annual event as a chance to recognise the contribution of independent businesses to communities during lockdown.

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Shoe Carnival acquires Shoe Station for $67M

RetailDive

The regional chain adds some $100 million in sales to a company that aims to be a multi-billion-dollar footwear retailer in the coming years.

Retail 119
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Wickes profits set to beat expectations

365 Retail

DIY and home improvement business Wickes has said customers are continuing to flock to stores although not at the same levels as at the height of the pandemic a year ago. Bosses said that, as a result of strong trading, profits will now be ahead of expectations and no less than £83 million on an underlying pre-tax basis. Wickes has said profits are set to beat expectations (Barry Batchelor/PA).

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Ulta's Q3 sales hit a record $2B as it finishes Target expansion for 2021

RetailDive

Chief Operating Officer Kecia Steelman said customers are shopping the entire assortment at the big-box retailer.

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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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Secret Sales doubles Black Friday turnover year on year

365 Retail

Secret Sales has doubled Black Friday turnover year on year, bucking the wider online retail industry downturn during the annual shopping event. The premium ecommerce marketplace for fashion and beauty saw sales grow by 100% compared to the same period in 2020, on Black Friday and also throughout the entire Black Friday week, from 22 to 28 November.

Gifts 64
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Fabletics taps actress Vanessa Hudgens to promote new Velour clothing line

RetailDive

The retailer released its "first-ever lifestyle collection," which caters to women 18 to 45 and is inspired by '70s fashion.

Clothing 115
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Signet Jewelers was ready for early holiday shoppers

RetailWire

Gina Drosos, CEO of Signet Jewelers, which owns Jared, Kay and Zales, said the company had expected consumers to do their holiday shopping earlier this year and made sure it had the right merchandise and marketing plans in place to meet demand. The company’s same-store sales were up 18.9 percent in the third quarter on top of a 14 percent gain during the same period in 2020.

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Toymaker Ty air ships products for the holidays to avoid port congestion

RetailDive

More companies are taking their freight to the skies during the holidays, sacrificing the cost-effectiveness of ocean shipping.

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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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The Last E-Commerce Duel Between Amazon and Google

Fabric Blog

Success does not come easy in the fast-moving, highly-competitive world of e-commerce. Having spent over 20 years growing retail and logistics inside the world’s leading online businesses, including Google and Amazon, I’ve experienced dozens of failed projects as these companies tried to establish strongholds in this next frontier of trade.

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Furniture retailers struggle with depleted inventories after Vietnam lockdowns

RetailDive

Williams-Sonoma and La-Z-Boy expect continued inventory delays as factories work to ramp up production.

Retail 124
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Walmart extends COVID leave policy to next year

RetailWire

Walmart is extending its COVID leave policy through March 31, 2022 and offering a $150 incentive for frontline associates to get fully vaccinated. “Associates are the heart of our company, and their efforts to serve our customers and members throughout the pandemic have been truly amazing,” wrote Donna Morris, chief people officer of Walmart, in a blog post.

Blog 52
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Developing the Optimal Lifecycle for Successful Promotions

Retail TouchPoints

The e-commerce space is becoming increasingly competitive as brands and retailers recognize the importance of an omnichannel commerce strategy. In response, retailers will need to explore other means of differentiation. A unique opportunity: promotions. This pricing strategy can encourage repeat customers to buy their favorite products sooner and take advantage of lower prices, or intrigue new shoppers to engage with an unfamiliar brand and get the better deal.

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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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Pharmacy staffing issues complicate COVID-19 vaccinations

RetailWire

Individuals looking to get vaccinated against COVID-19 in some states are finding it challenging to get appointments as the combination of increased demand and staffing shortages strain pharmacy operations.

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DemandTec Unveils Unify, the Industry’s First Autonomous Unified Merchandising Platform, to Level the Retail Playing Field

365 Retail

DemandTec , a pioneer in retail price and promotion optimization technology, today launched Unify by DemandTec, the industry’s first autonomous unified merchandising platform for retailers. The cloud-native platform unifies disparate data and fragmented merchandising systems to understand shopper behaviours holistically, driving actionable insights and prescriptive recommendations, resulting in profitable revenue growth. .

Retail 52
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Target adds store hours ahead of Christmas

RetailWire

Target will open stores at 7 a.m. and close them at midnight beginning on Sunday and running through Dec. 23. Mark Schindele, chief stores officer at Target, said the retailer is making the move as part of its plans to make it “as easy as possible for guests to get all their holiday needs, on their terms.

Retail 45
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Walgreens is focused on keeping its customers healthy

RetailWire

Walgreens Boots Alliance chief executive Roz Brewer said the company’s emphasis on primary and post-acute services is intended to keep its customers healthy and out of the healthcare system. Walgreens owns 63 percent of the VillageMD primary care clinic business and has a controlling stake in CareCentrix, a home care company.

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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.