Fri.May 03, 2024

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Coming In June: Forrester’s Top 10 Emerging Technologies For 2024

Forrester eCommerce

We’re excited to announce that we’ve finalized our selections for Forrester’s top emerging technologies for 2024. We’ll spotlight the top 10 emerging technologies in our main report that will publish in late June. And then we’ll release a report in July on technologies 11-20.

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Save Mart Embraces Retail Media, Smart Carts with Expanded Instacart Partnership

Retail TouchPoints

The Save Mart Companies is building on its partnership with Instacart by implementing several in-store solutions in nearly all 200 Save Mart, FoodMaxx and Lucky locations. The California-based grocer will roll out Caper Carts, Instacart’s AI-powered smart carts, and FoodStorm, an order management system designed to power the retailer’s food service and catering experiences.

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Brand Is A Long Game: The Tangible Value of B2B Brand Investments

Forrester eCommerce

Brand investments are like retirement investments. The idea is to invest regularly and consistently starting as early as possible, knowing that by the time retirement hits, the value will have accrued over time and the investments will have compounding returns. When we begin the uphill climb of investing, the returns may feel modest.

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Leveraging Non-Cash Incentives to Drive Employee Motivation and Productivity in SMBs 

Retail TouchPoints

In the competitive landscape of small and medium-sized businesses (SMBs), the quest to cultivate a motivated, engaged and productive workforce is crucial for sustainable growth and success. According to a study by the Small Business Administration (SBA), employee turnover costs small businesses in the United States an estimated $11 billion annually.

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The Pragmatic Path to Composability: Creating Efficient Commerce Systems

Speaker: Jason Cottrell and Brian Walker

Brands used to look for a commerce platform that could do everything. But over time, one vendor was no longer enough to meet a brand’s needs, so they added, and added, and added— and now it's essential that these vendors work well together. That’s composable, and it’s important to get it right. Customers and your board expect you to be in new channels and to adapt quickly to market change.

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The Weekly Closeout: Boscia plans to shutter website and L’Occitane takes steps to go private

RetailDive

The clean skin care brand said it will shutter its website on May 31, while the beauty brand’s chairperson, Reinold Geiger, launched a buyout bid.

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Best Buy’s Commitment to LGBTQ+ Causes Questioned by NY State Comptroller

Retail TouchPoints

The office of New York State Comptroller Thomas DiNapoli has sent a letter to the top executives at Best Buy expressing concerns about the retailer’s support for inclusivity, specifically LGBTQ+ rights and equality. The letter was sent last month after a Securities & Exchange Commission (SEC) filing revealed that Best Buy offered to “screen” employee group donations to several LGBTQ+ nonprofits as a response to pressure from a conservative think tank, the National Center for Public Policy Re

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New Ulta Beauty Initiatives Promote Well-Being for Women and Teens

Retail TouchPoints

The Ulta Beauty Charitable Foundation , a 501(c)(3) affiliated with the beauty retailer, is committing more than $3 million this year to nonprofit partners focused on the mental health and well-being of women and teens. The foundation’s mission is to reaffirm Ulta Beauty’s stance that beauty and wellness are intrinsically linked to mental health and emotional well-being.

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OverstockArt Founder Thrives 22 Years On

Practical eCommerce

Before Shopify, YouTube, and Facebook, there was OverstockArt. David Sasson launched the company on the Yahoo Store platform in 2002. The post OverstockArt Founder Thrives 22 Years On appeared first on Practical Ecommerce.

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Tesco Leverages AI to Gamify Loyalty Program Challenges

Retail TouchPoints

UK supermarket giant Tesco will use AI to provide personalized purchasing challenges to as many as three million members of its Clubcard loyalty program, offering them a chance to earn a maximum of £50 (approximately $62 USD) in Clubcard points. Beginning May 20, 2024 and lasting six weeks, participating members will receive 20 challenges that have been personalized just for them, ranging from “Spend £20 on our Summer BBQ range over the next six weeks,” to “Spend £10 on plant-based meals.

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In its third bankruptcy, Rue21 plans to shutter all locations

RetailDive

The apparel retailer massively downsized as it emerged from Chapter 11 in 2017. This time more than 540 stores will close for good.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: David Nisbet, 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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Starbucks CEO Faces Challenges Amidst Stock Decline, Sales Drop

RetailWire

Laxman Narasimhan, CEO of Starbucks Corp. (SBUX), finds himself in a tough spot with plunging shares and declining sales, just a year into his tenure.

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Music retailer Sam Ash to close all stores

RetailDive

The retailer, which has been in operation for 100 years, began store closing sales on Thursday.

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Kentucky Derby Celebration Spots in Las Vegas and Goldbelly Home Delivery

RetailWire

Las Vegas, though miles away from Louisville, gears up for the Kentucky Derby with a range of special offerings. From viewing parties to themed cocktails, the city joins the celebration of the sesquicentennial Run for the Roses. If you're a resident of Kentucky, you can get Ready for the Kentucky Derby with Goldbelly.

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J.C. Penney, country singer Walker Hayes to release limited-time collection

RetailDive

Following its bankruptcy, the retailer has been improving its merchandise and technology infrastructure to resurrect its business.

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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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Delice de France launches range of smoothies and shakes

TalkingRetail

Delice de France is launching a new range of smoothies and shakes that can be prepared in-store in thirty seconds, in partnership with Batch.

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Olaplex reports Q1 sales declines across all channels

RetailDive

The hair care company’s overall sales fell 13.1%, with its DTC segment down almost 16%, while net income dropped 63% compared to last year.

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EV Battery Tax Credit Rules Change in the US

RetailWire

The U.S. government has made some tweaks to electric vehicle (EV) tax credits, possibly paving the way for more EVs to qualify for credits of up to $7,500. These tax credits range from $3,750 to $7,500 for new EVs, with a $4,000 credit available for used ones.

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Wayfair net sales fall 1.6% in Q1

RetailDive

Despite challenges across the home goods category, executives remained optimistic that demand will return.

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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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Apple’s Record-Breaking $110B Stock Buyback

RetailWire

Apple Inc., one of the world's largest tech companies, has just made history with the largest stock buyback ever seen in the United States. The announcement comes as the tech giant's board approved an additional $110 billion in share repurchases.

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Healthy soda brand Poppi denies being M&A target of large beverage companies

RetailDive

The drink, introduced in March 2020, is posting triple-digit growth as it benefits from surging consumer interest in better-for-you offerings.

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Bombshell or slow burn | Big story: Tobacco and vape bans

TalkingRetail

It was a watershed moment. The passing of the Tobacco & Vapes Bill in Westminster last month (April) will mean anyone born on or after 1 January 2009 will never legally be able to buy cigarettes.

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New Nintendo Theme Park to Open in Orlando

RetailWire

It's set to open in 2025.

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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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Adapt and survive | Editor’s comment

TalkingRetail

It’s bad, but it could be worse. That, in a nutshell, was the verdict of industry experts and independent retailers at the news that MPs had voted overwhelmingly in favour of the Tobacco & Vapes Bill (read the Big story).

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Moderna COVID-19 Vaccine Sales Drop 91%

RetailWire

Moderna's only product is the vaccine that became popular during the pandemic.

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More stores add critical bleed kits

TalkingRetail

A Nisa Local in Northampton has become one of the latest stores to install a critical bleed control kit designed to save the lives of stabbing victims.

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Norwegian Cruise Line: No Clothes, No Problem on ‘The Big Nude Boat’

RetailWire

Clothing-optional vacations from Norwegian Cruise Line will start next year.

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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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One Stop retailer reports sales up by £500,000 as online delivery booms

TalkingRetail

A One Stop franchisee is claiming a £500,000 boost to his store turnover in less than 12 months after embracing online sales.

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Spotify Discreetly Shifts Lyrics Behind a Paid Subscription

RetailWire

Spotify has supposedly scoped out a new method to shift its free users behind a paywall.

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Novo Noradisk Announces $6B Investment in Ozempic, Wegovy Amid Shortages

RetailWire

The money will help meet increased demand for the drugs.

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