Fri.Jan 06, 2023

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Deloitte: Retailers Should Prepare for ‘Holiday Hangover’ in 2023

Retail TouchPoints

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. consumers reported that they experienced a worsening economic situation over the past year, and members of this group said it would take time for their concerns to subside even as economic stressors abate, according to Deloitte’s Global State of the Consumer Tracker.

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24 Open Source Ecommerce Platforms To Build Your Online Store

My Wife Quit Her Job

Open source ecommerce platforms make it possible to start an online store without breaking the bank because they are cost-effective, flexible, and scalable. However, choosing the best platform can be stressful given the many options. To help you in your search, here are the key features and pros and cons of 24 top open source ecommerce platforms. The post 24 Open Source Ecommerce Platforms To Build Your Online Store appeared first on MyWifeQuitHerJob.com.

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Find the Right Pricing to Drive Revenue in the Metaverse

Retail TouchPoints

You might have heard the term “metaverse” for the first time only in 2020. That’s when it became an omnipresent word in ecommerce and social media. And yes, it’s no coincidence that last year Facebook officially changed its name to Meta , making it a household term. Today, people associate various things with the metaverse, but in most cases these include such attributes as viral, blockchain, VR, digital, etc.

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NPS Survey Template – get better answers, faster.

Omniconvert

Discover the many shapes and forms an NPS survey can take and the wonders it can work. The post NPS Survey Template – get better answers, faster. appeared first on Omniconvert Ecommerce Growth Blog.

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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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Stitch Fix Founder Reappointed CEO as Retailer Lays Off 20% of Salaried Workers

Retail TouchPoints

Stitch Fix will reappoint founder Katrina Lake to her former post as CEO on an interim basis and lay off 20% of its salaried workforce as the retailer seeks to turn around its business following weak sales and a declining customer base. Current CEO Elizabeth Spaulding has stepped down from both the CEO position and as a member of the Board of Directors, and the company is searching for a permanent replacement.

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How to Create a Custom Dropshipping Store in 2023

Ecommerce Platforms

Dropshipping may not make you instantly rich, but it can be profitable if you’re prepared to put in the hard work. That's probably why as many as 27% of online retailers use drop shipping to fulfill customer orders. So, keep reading if you’re considering dropshipping as either a new business venture or a side hustle. This guide is for anyone without the time or expertise to set up their own dropshipping store from scratch.

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How to Create a Custom Dropshipping Store in 2023

Ecommerce Platforms

Dropshipping may not make you instantly rich, but it can be profitable if you’re prepared to put in the hard work. That's probably why as many as 27% of online retailers use drop shipping to fulfill customer orders. So, keep reading if you’re considering dropshipping as either a new business venture or a side hustle. This guide is for anyone without the time or expertise to set up their own dropshipping store from scratch.

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Boxed considers selling itself amid cash crunch

RetailDive

The online retailer, which is trying to shore up its liquidity and boost its sagging stock price, also said it is “actively exploring” ways to bring in additional capital.

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Uscreen vs Teachable: Which Platform Wins?

Ecommerce Platforms

Are you considering launching your own online course? If so, you're likely in the market for an online course platform to help you get your venture off the ground. Uscreen and Teachable are two of the most popular tools for achieving precisely that. So, you may be trying to decide which (if either) solution is the best fit for your needs. If that sounds like you, you're in the right place because we're comparing Uscreen and Teachable's features one by one to help you make an informed decision.

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US shoppers took on over $1,500 in holiday debt: report

RetailDive

Consumers relied on buy now, pay later, credit cards and store cards to finance their 2022 holiday spending, according to LendingTree.

Consumer 117
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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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The Best Shopify Affiliate Apps to Try in 2023

Ecommerce Platforms

The best Shopify affiliate apps are a fantastic tool for companies looking for new ways to bring customers to their store, and increase their revenue. After all, while there are dozens of ways to expand the reach of your online store, from content marketing to social media advertising, affiliate campaigns are one of the easiest choices for modern brands.

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Shoppers spent record-breaking $211.7B online during 2022 holiday season: report

RetailDive

Discounts also hit record highs, which were “strong enough to sustain discretionary spending through the entire season,” according to Adobe.

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10 eCommerce Social Media Marketing Success Case Studies

Korona

The world of social media has allowed even the smallest businesses to proliferate in a highly-competitive eCommerce industry. An eCommerce business can generate thousands or more customers with just one viral post on any platform. The growth of popular social media platforms, like Facebook, Twitter, Instagram, and TikTok, has allowed brands all over the world creatively showcase their products and services to reach more people and turn them to become loyal customers.

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Everlane lays off nearly 9% of employees

RetailDive

The company said the cuts were enacted in an effort to refocus efforts, with 17% of corporate roles and less than 3% of retail staff impacted.

Retail 105
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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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Morphe closing all 20 of its U.S. stores

RetailWire

Morphe, which was able to use recommendations from social media influencers to achieve a $2 billion valuation, is closing all its stores in the U.S. The company’s sales have fallen dramatically after the very same influencers who helped it achieve success were caught up in various scandals.

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The Weekly Closeout: Tuesday Morning to go private and Walgreens ‘cried too much’ over theft

RetailDive

The discount home brand is taking itself off the Nasdaq Stock Market, while the drugstore admitted it might have overblown the theft issue.

Marketing 102
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Walgreens CFO says chain may have overstated theft problem

RetailWire

Walgreens CFO James Kehoe said that shrink at the chain fell from 3.5 percent to around the “mid twos” at present. Mr. Kehoe also said that Walgreens is reconsidering hiring private security guards after they proved “largely ineffective” in reducing theft in stores.

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Winter weather stymied on-time deliveries in days before Christmas

RetailDive

Project44 data shows how challenging conditions on Dec. 23 and Dec. 24 soured what was overall a smooth peak season for last mile delivery performance.

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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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Stitch Fix cutting jobs, founder returns as interim CEO

RetailWire

Stitch Fix informed salaried workers that it plans to cut 20 percent of them from its payrolls. It also announced that Elizabeth Spaulding is leaving as company CEO and will be replaced on an interim basis by founder Katrina Lake.

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Morphe closes US stores to focus on wholesale, e-commerce

RetailDive

The makeup brand said on Twitter that it would still be selling online and at select retail partners as it shifts strategic priorities.

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Best Paraphrasing Tools for Content Marketers to Create Unique Content

Digital Doughnut

Paraphrasing is the key to original, top-notch material! The greatest paraphrase tools are used by marketers, authors, students, and most importantly, bloggers, to create original material.

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DoorDash launches package pickup service

RetailDive

The service's rollout comes in the midst of the busy post-holiday returns season.

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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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Black-owned beauty brand’s customers worry they are being shut out

RetailWire

Following a TikTok video touting products from Mielle Organics, the brand’s products, primarily made for Black women, have been running out of stock and in some cases increased in price as a result of a growing number of purchases by White women. “My journey with Mielle started from a place of creating the product I was not finding in the marketplace,” said Mielle founder and CEO Monique Rodriguez in a statement.

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Joann’s $200M cost reduction plan relies on falling ocean rates

RetailDive

The craft retailer has endured tens of millions of dollars in excess freight expenses throughout the pandemic.

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Ulta Beauty names first-ever VP of diversity, equity and inclusion

RetailWire

Ulta Beauty has named Kim Adams as its first-ever vice president of DEI (diversity, equity and inclusion) and talent acquisition. Ms. Adams will lead Ulta’s internal and external DEI efforts, act as an advisor on DEI initiatives and manage the company’s cross-functional DEI governance.

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Macy’s to shutter 4 full-line stores

RetailDive

The closure of the mall-based locations furthers the department store’s Polaris turnaround plan, which also entails opening more off-mall stores.

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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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Americans bought less beer after price hikes

RetailWire

U.S. beer sales, which had been largely immune to rising prices, fell after brewers raised prices in October. Constellation Brands CEO Bill Newlands said, “The consumer is overly sensitive to pricing actions. We need to be careful in balancing our growth profile and our pricing profile.”.

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Returns Management – Use technology to boost customer satisfaction and reduce costs

iVend

The holiday season is a time for shopping and gift giving – and the New Year is the time for…returns and product return management for retail businesses. Shoppers return goods all year of course, but the post-holiday weeks see an increase in items coming back to stores. iVend Retail Management Suite iVend helps retailers manage returns efficiently.

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U.S. economy added more jobs than expected in December

RetailWire

The U.S. economy added 223,000 jobs in December, according to a report from the Bureau of Labor Statistics. The jobs numbers exceeded the 200,000 gains expected by economists. Average hourly earnings increased by 4.6 percent over 2022.

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Kibo Recognized in 2022 Gartner® Market Guide for Retail Distributed Order Management Systems

Kibo

We’re excited to announce that Kibo was recognized in the 2022 Gartner Market Guide for Retail Distributed Order Management Systems. Gartner recommends that you use this guide to “identify vendors with which to discuss your DOM requirements by matching their capabilities and coverage against your business processes and goals.” “Retailers expanding their order fulfillment offerings to consumers face increased complexity in fulfilling those orders, fueling investments in distributed order ma

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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