Thu.May 05, 2022

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Home Depot Launches $150M VC Fund to Fuel Retail and Home Improvement Innovation

Retail TouchPoints

The Home Depot has introduced Home Depot Ventures, a $150 million venture capital fund designed for early-stage companies aiming to improve the customer experience and shape the future of home improvement. “With Home Depot Ventures, we’re lending our support and expertise to enable rapid scale of innovation,” said Richard McPhail, EVP and CFO at The Home Depot in a statement.

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FAQ: Forrester Global Technology Awards

Forrester eCommerce

Wow! We officially launched Forrester’s Global Technology Awards on April 27th and we have already received tons of interest from firms across the globe! Exciting! Over the past couple of weeks, I have addressed questions from some these organizations and I wanted to summarize the key answers below: What are these awards about? Couple of important […].

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Torrid Appoints Retail Veteran as New CEO

Retail TouchPoints

Torrid has appointed Lisa Harper as its new CEO, as current CEO Liz Muñoz steps into a newly created position as Chief Creative Officer (CCO) at the apparel retailer that serves women sizes 10 to 30. The change at the top comes amid a number of leadership shifts taking effect immediately. Tanner MacDiarmid has been appointed as Interim CFO, following the retirement of former CFO George Wehlitz at the end of April 2022.

Retail 263
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Privacy: “The Most Essential Battle Of Our Time”

Forrester eCommerce

In April, global privacy professionals met in person in Washington, DC, for the International Association of Privacy Professionals’ (IAPP) Global Privacy Summit (GPS). Speakers revealed how the lack of a comprehensive federal privacy law in the US globally impacts constituents, marketers, and companies alike. To recap the conference and key takeaways for marketers, I’ll hand […].

Marketing 195
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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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How Retailers Can Satisfy Demand for Instant Gratification

Retail TouchPoints

During the COVID-19 pandemic, homebound consumers became digital-first natives as they turned to self-service channels to manage their lives and satisfy their shopping needs. And while a digital transformation was already underway, the past two years were a tipping point that heightened consumer expectations for instant gratification and digital self-service.

Retail 246
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Why Automation Vendors Can’t Stop Buying Optimization Vendors And What It Means For The Market And For You

Forrester eCommerce

On March 31, Microsoft and Minit announced that the former was acquiring the latter. This is, by Forrester’s count, the eighth time a major automation vendor has purchased a process optimization vendor since 2020. Why are some of the biggest software companies in the world so eager to grab a slice of the relatively small […].

Marketing 195

More Trending

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4 Steps for Starting a DTC Business | Salsify

Salsify

Direct-to-consumer (DTC) businesses are upending traditional sales models: Many brands have found significant success by skipping intermediaries and selling directly to customers.

Consumer 148
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Target Creates Chief Guest Experience Officer Role as it Expands Senior Leadership Team

Retail TouchPoints

Target has named Cara Sylvester to the newly-created role of EVP and Chief Guest Experience Officer. She which will lead the strategic development of Target’s customer experience both in-store and online, reporting directly to CEO Brian Cornell. Target also expanded its leadership team with other promotions and expanded the duties of the Chief Growth Officer position.

Supplies 245
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Best Free Website Builder for the UK

Ecommerce Platforms

So, you have the vision to start a website, but your budget is next to none, so you can’t pay for a website builder. Not to worry! We’re here to help. Fortunately, there are tons of free website builders out there. But what are these free website builders? What do they offer? And are they any good? After all, it’s imperative your website looks professional, as users might stop using your site if it’s poorly designed. .

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Vera Bradley Names Chief Growth Officer to Drive Pura Vida’s Next Stage of Development

Retail TouchPoints

Vera Bradley has appointed retail veteran Lockie Andrews to the newly created post of Chief Growth Officer (CGO) for the Pura Vida lifestyle accessories brand, in which it has a 75% stake. Andrews will join the digitally native brand’s Co-founders Griffin Thall and Paul Goodman in leading Pura Vida to the next level of growth, with plans for new performance-based marketing initiatives, the launch of new sales channels and category expansion.

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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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Are You Prepared for Google’s Third-Party Cookie Ban?

Digital Doughnut

The demise of Google’s third-party cookies on Chrome, coupled with the fact that Universal Analytics will stop receiving hits by 2023, requires marketers to take important action this year. The consequences of inaction could mean loss of data visibility, the effects of which could negatively impact activity far beyond marketing campaigns. Here we discuss 7-steps to help you prepare for the cookie ban, and why the sunsetting of third-party cookies isn’t all doom and gloom after all.

Marketing 105
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SheerID and Refuel Agency Join Forces on STRIVE Campaign for the Military

SheerID

SheerID and Refuel Agency are launching the STRIVE campaign, a program that gives back to the military through special offers and donations.

Blog 97
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Customer Satisfaction: Benefits, Examples & Importance

Omniconvert

The way a company approaches customer satisfaction can make or break a business. Learn how to monitor and improve customer satisfaction. The post Customer Satisfaction: Benefits, Examples & Importance appeared first on Omniconvert Ecommerce Growth Blog.

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The Myth of Headless Commerce

GetElastic

Headless Commerce is the buzz word that just won’t go away. So much talk about being headless evokes the image of the headless horseman for me. And so, I finally looked him up, to satisfy my curiosity about what he represents. The headless horseman symbolizes a past that never dies and continues to haunt the living. That sounds a lot like what Headless Commerce has turned into lately.

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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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Home Depot creates a $150M venture capital fund

RetailDive

The retailer will fund early-stage companies in order to scale "the next big ideas in technology and retail," according to CFO Richard McPhail.

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Walgreens announces three c-suite hires

RetailWire

Walgreens has named a new chief marketing officer, a new chief merchandising officer and a chief product officer. Linh Peters, the former global CMO of Calvin Klein, is Walgreens new chief marketer. Luke Rauch, who was chief of staff to Walgreens Boots Alliance CEO Rod Brewer, has been promoted to chief merchandising office, and Walmart e-commerce executive Bala Visalatha was hired as the first chief product officer at the drugstore chain.

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Target focuses on customer experience, supply chain in latest leadership shuffle

RetailDive

The mass merchant is operating from a position of strength, but is also likely realizing it must look harder for growth opportunities.

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Lots of retirees are going back to work

RetailWire

About 1.5 million retired people have reentered the workforce, according to an analysis of Labor Department data by an economist at Indeed. Many retirees are returning as wages grow, concerns about the novel coronavirus pandemic fade and cost of food and fuel increase.

Article 52
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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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Wayfair's net loss nears $320M as CFO prepares to exit

RetailDive

Michael Fleisher held the chief finance spot for eight years and will be succeeded by Kate Gulliver, who is the retailer's chief people officer.

Retail 98
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Peerless-AV Exhibits Latest Outdoor Displays and AV Support Solutions for LFDs and dvLED Video Walls at ISE 2022

365 Retail

AV technology pioneer Peerless-AV® will present the latest generation Outdoor Displays and Indoor/Outdoor Kiosk solutions together with a new Motorised Trolley and a host of dvLED mounting systems on stand 3F700 at ISE 2022 , 10-13 May, Fira de Barcelona. Showcasing the company’s expert capabilities in dvLED video wall mounting integration – part of the SEAMLESS dvLED Video Wall Integration Programme – visitors will see various flat to wall and custom shaped dvLED video wall showcases in partn

Outdoor 52
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Savage X Fenty plans 6 more stores

RetailDive

The lingerie brand opened its first store in January, followed by four others. Now, the company plans to more than double that footprint.

Other 104
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Modernization of IT Infrastructure - Your Gateway to the Digital World

Digital Doughnut

IT infrastructure services are designed to modernize your existing IT infrastructure. Here are the key benefits of IT infrastructure modernization.

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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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Walgreens fills out executive team for retail

RetailDive

The company named a new chief marketing officer, chief merchant and chief product officer, all of whom will report to Chief Customer Officer Tracey Brown.

Retail 95
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Unemployment claims ticked up last week

RetailWire

The number of Americans filing first-time unemployment claims increased last week by 19,000 to 200,000 overall. Applications for unemployment have remained relatively low with fewer than 225,000 applications per week for most of the year to date.

Article 40
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Why is composable commerce a game changer in order management?

Kibo

Whether you’re running a small online store or managing the eCommerce operations of a large corporation, composable commerce can help you effectively manage your orders and inventory. Composability offers retailers a way to develop custom applications by selecting from best-of-breed components, combining them into your existing commerce ecosystem.

Games 71
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Mother’s Day spending to increase 13 percent

RetailWire

Mother’s Day spending is expect to increase 13 percent year-over-year to $31.7 billion, accordant to a new survey from the National Retail Federation and Prosper Insights & Analytics. Average consumer spending is expected to grow 11 percent over last year.

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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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Lego Group to triple size of digital team

RetailDive

The toy maker is expanding its digital efforts in what it is calling "one of the single largest investments the Lego Group will make in a generation.

Toys 105
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Meta pitches enterprise tools as it readies first store to open

RetailWire

Meta Platforms is pitching its hardware to businesses as a means to use virtual and augmented reality tech to conduct conference calls, train workers and more. The company is planning to open its first store featuring many of the devices that Meta believes will be integral in bringing about widespread participation in the metaverse.

Article 40
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Kroger brings back local supplier program for a second year

RetailWire

Kroger is moving into its second year of its Go Fresh & Local Supplier Accelerator, a program designed to get products from local suppliers into the grocery giant’s stores. “Kroger committed to investing $10 billion in diverse suppliers by 2030, and the Go Fresh & Local Supplier Accelerator is a successful way to catapult Kroger closer to that goal.

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Pharmacies may face challenges over abortion pills

RetailWire

Pills used to abort fetuses in the first 10 weeks of pregnancy may become the next point of contention if the United States Supreme Court overturns Roe vs. Wade. “Given that most abortions are early and medication abortion is harder to trace and already kind of becoming the majority or preferred method, it’s going to be a big deal,” Mary Ziegler, a visiting law professor at Harvard, said.

Article 40
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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