Tue.Feb 07, 2023

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NIST AI Risk Management Framework 1.0 — What It Means For Enterprises

Forrester eCommerce

Forrester provides guidance on how to succeed with AI governance with the NIST’s AI RMF 1.0.

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With Growth Top-of-Mind, Luxury Brands Focus on Digital Goods and Virtual Experiences

Retail TouchPoints

Macroeconomic forces — from inflation to corporate layoffs and the unknown impacts of a recession — are creating uncertainty throughout the retail industry. But the luxury market sits in a unique position of growth: spending on luxury goods grew approximately 20% in 2022, according to Bain & Company , and it is likely to expand further through 2023.

Payments 290
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Retailers: Your Gift Card Strategy Needs A Refresh

Forrester eCommerce

If you’re like many retailers, you treat gift cards as a product – with product leads and inventory planning priorities. If this is true for your business, you’re in need of a gift card strategy refresh. Why now? Today’s advancements in payments tech and digitization mean that your gift cards can (and should!

Gifts 195
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PAVE Global and The Retail Innovation Conference & Expo Expand Strategic Partnership

Retail TouchPoints

The Retail Innovation Conference & Expo (RICE) and PAVE Global are expanding their partnership to bring unique content and exclusive networking opportunities to the 2023 show, which will take place June 13-15 at McCormick Place in Chicago. Both organizations are committed to supporting the future of the retail design industry in a meaningful way, with RICE focused on creating a collaborative space to connect retail leaders and PAVE Global focused on empowering the next generation of design l

Retail 287
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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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The Long March Of Quantum Computing Is Entering A New Chapter

Forrester eCommerce

You might have seen the latest issue of TIME magazine — the title on the cover is “The Quantum Leap.” It has been four years since I published my report with my colleague Brian on the technology infrastructure deep dive of quantum computing (QC).

Magazine 195
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5 Trends from NRF 2023 That Retailers Can’t Ignore

Retail TouchPoints

It was amazing to be back in NYC for NRF 2023, and this year’s event did not disappoint. The annual retail gathering brought a huge set of new companies and interesting perspectives that will shape the future of retail over the next three years. Here are five key trends for retailers to pay attention to as they strategize for the months and years ahead: Retail Media Networks (RMNs): One of the most important topics of the past 18 months, RMNs offer the opportunity for many grocers to expand thei

Retail 278

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Bed Bath & Beyond Staves off Bankruptcy with $1 Billion Capital Infusion

Retail TouchPoints

Bed Bath & Beyond has secured investor backing for more than $1 billion in capital, delaying a potential bankruptcy filing. The retailer has received commitments to raise $225 million of equity capital, initially by selling convertible preferred shares, with the remainder coming over time by issuing warrants that will require holders to purchase more preferred shares in the future.

Retail 277
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Gartner 2023 Predicts: Brands Must Focus On Composability, AI, and Building Consumer Trust

GetElastic

The eCommerce industry is constantly evolving to meet market demands and economic conditions. Each year Gartner makes market predictions and recommendations based on research and trends. Here’s what Gartner predicts: “By 2026, the speed of digital innovation will improve by 60%, relative to 2022, for organizations that have established mechanisms to reuse composable digital commerce modules.

Consumer 148
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American Dream Again Misses $8.8 Million Loan Payment

Retail TouchPoints

The American Dream mall and entertainment complex failed to make a Feb. 1, 2023 $8.8 million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall also had missed the previous payment deadline for the same reason in August 2022. The notice from U.S. Bank revealed that the reserve fund that had been used to pay these semi-annual debts had a balance of just $878.50.

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How to Create an Online Course for Free in 2023

Ecommerce Platforms

Learning how to create an online course takes some research. It’s not common for online course builders to offer free plans, and even then, you’ll often find that certain tools like email marketing and custom domains are removed from the free plans. Yet, it’s important to have the option to run an online course for free; it allows you to test if a course has any potential before expanding and spending any money on it.

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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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Shipt Debuts Small Business Accelerator Program in 5 Cities

Retail TouchPoints

Shipt will reinforce its commitment to expanding food access and supporting local businesses with LadderUp , an accelerator program that will launch in five cities: Atlanta, Detroit, Houston, Washington and Birmingham, Ala. LadderUp will focus on businesses owned by LGBTQ+ people and people of color, with the goal of having at least 50% of program participants falling into these categories.

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Best Print on Demand Companies in India (2023)

Ecommerce Platforms

The best Print on Demand sites in India provide would-be entrepreneurs with convenient and cost-effective way to start selling online. With the right platform, business leaders can add unique designs to a host of products, and sell them to customers not only in India, but worldwide. Print on Demand platforms provide companies with access to fulfilment centers around the world, where they can access the support of professionals to fulfil orders for their customers.

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Save A Lot Implements Supply Chain Solution to Minimize Stockouts

Retail TouchPoints

Discount supermarket chain Save A Lot is rolling out a new data-driven supply chain solution from SymphonyAI in an effort to better meet shopper needs and minimize stockouts and substitutions. Save A Lot has implemented a number of SymphonyAI’s Retail CPG solutions, including master data management (MDM) , core merchandising , insights , vendor portal and retail operations.

Supplies 162
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Shopify Launch Checklist: Quick Steps to Follow

Ecommerce Platforms

A Shopify launch checklist can be a useful resource for any business owner planning on running their own online store. After all, there’s a lot of work involved in turning any ecommerce idea into a success. You need to ensure you’re delivering an amazing customer experience, from start to finish, manage the order and fulfilment process , and even invest in marketing.

Shopify 104
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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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4 Steps To Realising Your eCommerce Dream

365 Retail

People all over the world are turning to eCommerce to realise their dreams of financial independence. Selling products and services online is not easy, but with the right preparation and professional help anyone can be a success in this space. How can you realise your eCommerce dream? Read on to find out. Design Your Store Early Your online store is your business’s presence.

eCommerce 105
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Highly Effective Google Ads Strategies for Aspiring Ecommerce Companies

Digital Doughnut

Nowadays, many firms conduct their operations online, particularly ecommerce companies that primarily sell their products online and don't have a brick-and-mortar store. These companies typically rely on online marketing and shipping to reach their customers.

eCommerce 104
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Belk opens first outlet store

RetailDive

The location in Greeneville, Tennessee, which will “pioneer” the concept, sells clearance items from the department store’s larger retail locations.

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Dragon’s Den Investor and Social Chain Founder, Steven Bartlett, confirmed to headline at the Retail Technology Show

365 Retail

Steven Bartlett, Dragon’s Den investor and founder of Social Chain, is confirmed to headline at the Retail Technology Show , retail’s golden ticket event, taking place on 26 & 27 April 2023 at London’s Olympia, as it launches its trailblazing conference programme. Joining over 100+ retail thought leaders and luminaries taking to the stage at the flagship retail event, Bartlett will join leading retailers, including Alibaba, Deliveroo, Curry’s, The Very Group and boohoo, discussing the hotte

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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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Simon Property Group sells off Eddie Bauer interest as its retail investments tumble

RetailDive

Many of the REIT’s retailers and brands are profitable, and even J.C. Penney is thriving, but Forever 21 had a tough 2022, CEO David Simon said.

Retail 105
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How UpSellit’s Patented Mobile Exit Detect Recovers Online Revenue

UpSellIt

Each time a user leaves your website, you lose an opportunity. But what if you could detect when they’re about to leave? Imagine all the ways that you could leverage those crucial last few seconds before they abandon. That’s where UpSellit’s patented Mobile Exit Detect comes in. With 59% of global website traffic coming from mobile devices, it’s essential to cater to your mobile website visitors to increase revenue for your brand.

Mobile 78
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The Vitamin Shoppe opens first franchise location

RetailDive

In addition to the Valparaiso, Indiana, store the retailer plans to open at least 12 more in 2023 with local partners.

Retail 115
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What is data quality and why is it important to monetization and marketing?

Liveintent

Regardless of industry or company size, data quality and quantity are of critical importance to the success and longevity of any business, especially in today’s digital-first world. And while acquiring data is fairly easy, thanks to the several channels, platforms, and touchpoints with which businesses regularly engage their audiences and customers, data quality still poses a major challenge. “Bad data is like a faulty compass, leading organizations down the wrong path and destination,R

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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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Bed Bath & Beyond seeks $1B to avoid bankruptcy

RetailDive

The investor deal comes as the beleaguered home goods retailer ushers in a new interim CFO with experience in turnarounds.

Retail 105
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Google AI updates: Bard and AI integration in search results

MagentoBrain

Google AI refers to the artificial intelligence research and development efforts by Google, one of the largest technology companies in the world. Google's AI research encompasses a wide range of areas including machine learning, deep learning, computer vision, natural language processing, robotics, and more. The company's AI research is aimed at developing new technologies that can solve real-world problems, improve people's lives and remain at the forefront of the search industry.

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Standard AI to acquire Skip Checkout

RetailDive

The deal would create the first company to combine self-checkout and AI-powered autonomous checkout for retailers, according to the announcement.

Retail 94
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Forever 21 is opening new stores and getting noticed on TikTok

RetailWire

Forever 21 closed more than 200 stores after being acquired out of bankruptcy in 2020 by Authentic Brands Group, Simon Property Group and Brookfield Property Group. The retailer has since gotten its financial act in order, enabling it open new locations and promote its business. The chain can tie some of its success to its presence on TikTok, which has attracted younger consumers to the brand.

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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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Children’s brand Hanna Andersson launches activewear

RetailDive

The DTC company enters a new product category following a handful of executive leadership changes over the past several years.

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Bed Bath & Beyond to sell stock and tap credit line to pay bills

RetailWire

Bed Bath & Beyond is looking to raise over $1 billion in funds to continue operating its business through a public offering of the company’s stock and by tapping into its $100 million credit line. The retailer is looking to avoid having to pursue Chapter 11 bankruptcy with its latest moves.

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REI preps for second year of outdoor accelerator

RetailDive

The Navigate program focuses on founders of color and provides $25,000 grants in addition to potential shelf space at the outdoor retailer’s stores.

Outdoor 82
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CVS moves closer to deal to acquire primary care provider

RetailWire

CVS Health is close to making a deal to acquire Oak Street Health, an operator of primary care clinics for Medicare recipients, in a deal valued at $10.5 billion.

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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