Wed.Apr 26, 2023

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33 best small business ideas to make money in 2023

Omnisend

Reading Time: 17 minutes Do you want to start a business but don’t know where to start? Well, you’ve arrived at the right spot. This article highlights the best small business ideas you can use to start your new venture. As a business owner, you get to enjoy many benefits such as doing what you love, having more control over your time, and earning a higher income when you sell your products or services to your target audience.

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Ikea, Lowe’s Target Business Customers with Enhanced Loyalty Programs and Services

Retail TouchPoints

Major retailers are increasingly rolling out the red carpet to draw in small business customers: Ikea has launched a new loyalty program for SMBs called the Ikea Business Network, and Lowe’s is enhancing its business loyalty program with a suite of new mobile tools for business owners. Earlier this year , Walmart rolled out an ecommerce platform aimed at meeting the needs of SMBs.

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Asset management may make minds meander, but mastery is core to Zero Trust

Forrester eCommerce

At some point in every organizations’ security journey, the problem of asset management inevitably comes up. Solutions are often cosmetic and don’t tackle fundamental issues or provide real visibility. As more organizations chart their zero trust course, the asset management problem comes up a lot more as you cannot mediate what you do not know.

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ABG Buys Vince IP in $76.5 Million Deal

Retail TouchPoints

Authentic Brands Group (ABG) will purchase the intellectual property of luxury apparel and accessories brand Vince for $76.5 million in cash and a 25% interest in ABG Vince, a newly formed ABG subsidiary. As part of the transaction, the retailer’s parent company Vince Holding Corp. (VNCE) will enter into an exclusive long-term license agreement with ABG, paying a royalty fee and receiving a quarterly distribution equal to 25% of ABG Vince’s net cash.

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How To Drive Retail Results With Integrated Tech And UX Design

Speaker: Jennifer Wright and Nick Barron

Navigating the complexities of e-commerce requires more than just the right technology - It demands a holistic strategy that aligns platform capabilities with customer- centric design and marketing. This webinar will provide a roadmap for building a robust e-commerce strategy, guiding you through key decisions from platform selection to creating user experiences that convert, and leverage digital marketing to reach and retail customers.

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Practice Responsible Design, It’s A Matter Of Trust

Forrester eCommerce

Firms must practice responsible design to earn trust and drive sustainable value. Learn more in this blog post.

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Addressing New Challenges in Managing Retail and Service Employees Post-Pandemic

Retail TouchPoints

The COVID-19 pandemic brought more changes to the retail and related service sectors than any other event in recent memory. These situations continue to impact the retail environment and especially its employees. Retail managers now face employee management and safety challenges that require additional tools and oversight. The New Retail Environment During the pandemic, retailers added face mask requirements, set up social distancing rules for checkout lines and increased cleaning protocols for

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Toys ‘R’ Us Continues Revival with Mexico Launch

Retail TouchPoints

Toys ‘R’ Us parent company WHP Global has entered a partnership with omnichannel retailer El Puerto de Liverpool to launch the toy brand in Mexico for the first time. Initial plans include a combination of multiple flagship stores and a dedicated ecommerce site to fuel the iconic toy retailer’s global expansion. “We are very proud of partnering with WHP Global to bring the iconic Toys ‘R’ Us brand to Mexico,” said Charles Johnson, General Manager of Liverpool International and Boutiques at

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Klarna vs Afterpay: Which is Best?

Ecommerce Platforms

If you’re struggling to choose between Klarna vs Afterpay, you’re not alone. As demand for Buy Now Pay Later (BNPL) solutions continues to skyrocket, countless providers are jumping into the industry to offer their own services. That means more options for consumers, but more confusion too. Though BNPL offerings have been growing for some time now, the industry has experienced significant transformation in the last couple of years, during the pandemic.

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WSJ: Gap to Lay Off 500 Workers as it ‘Flattens the Organization’

Retail TouchPoints

Gap will reportedly eliminate approximately 500 corporate jobs globally as part of a restructuring effort, people familiar with the matter told The Wall Street Journal. The cuts, which will be focused on Gap’s main offices in San Francisco and New York City, are designed to make its operations more nimble and less bureaucratic. The move is part of a larger effort to save about $300 million annually by stripping out layers of management, including eliminating the Chief Growth Officer role.

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Sezzle vs Klarna: Buy Now Pay Later Services

Ecommerce Platforms

Figuring out which BNPL service to choose between Sezzle vs Klarna isn’t always easy. As these kinds of financial products continue to gain popularity, Buy Now Pay Later services are appearing in droves. Many of them, like Sezzle and Klarna, seem to have a lot in common. Of course, just like any product, there are some major differences to consider when we dive beneath the surface.

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Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

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Luxury Mattress Brand Hästens Plans to Open 20 Stores in U.S.

Retail TouchPoints

Swedish luxury bed and mattress company Hästens has teamed up with luxury distributor MadaLuxe Group to open 20 Hästens stores across the U.S. over the next five to seven years. Leases have already been signed for the first two stores, in Dallas and Houston. Founded in Sweden in 1852, Hästens is a sixth -generation family-owned company renowned for its super-high-end mattresses, which range in price from $13,000 to the high six figures.

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Sezzle vs Afterpay: Which BNPL is Best?

Ecommerce Platforms

Making the choice between Sezzle vs Afterpay can be difficult. Both of these tools offer buy now pay later solutions, to ensure you can access the products and services you need quickly, even when you don’t have all the cash required straight away. Buy Now Pay Later, or “BNPL” services are growing increasingly popular, with a market value prediction of $20.40 billion by 2028.

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Home24 Enhances Search to Help Shoppers Better Browse its 200,000 SKUs

Retail TouchPoints

Home and living ecommerce company Home24 is improving product search on its website and mobile app through a partnership with Constructor that will enable more feature-rich, intuitive and personalized experiences for shoppers. Harnessing Constructor’s AI-based platform for product search and discovery has helped the retailer realize double-digit growth in search conversion.

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Inaugural Metaverse Beauty Week coming to Decentraland, Roblox and Spatial

RetailDive

Carrying the tagline “Reality Gets a Makeover,” the event was developed by creative agency Cult and includes in-person activities in New York and London.

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4 Best Practices for Ensuring Success in International Markets Ahead of Peak Season

The opportunity for e-commerce merchants in international markets is immense. Data indicates that when international options are available at checkout, merchants see up to 20-60% higher cart conversion and a 128% higher gross merchandise value (GMV) than domestic orders. However, while the opportunities are significant, so are the risks. Without careful planning and strategic partnerships, merchants may face challenges, including high shipping costs, complex customs regulations, and unexpected p

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Reuters: Discount Shopping App Temu Expands into Europe

Retail TouchPoints

The latest discount shopping app out of China, Temu — which has been giving competitors Shein and Wish a run for their money in the U.S. — has expanded into Europe, Reuters reports. The company has included France, Germany, Italy, The Netherlands, Spain and the UK in the location drop-down menu on its website, alongside the countries where Temu was already available, which include the U.S., Canada, Australia and New Zealand.

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Azazie expands into bags, footwear

RetailDive

Customer feedback drove the DTC bridal brand's decision to move into different categories, Chief Marketing Officer Ranu Coleman told Retail Dive.

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How Northern Tool Cut Corrugate Spending 30% and Enhanced its Unboxing CX

Retail TouchPoints

If you’ve ever ordered anything online, this has undoubtedly happened to you: you open up a too-big box that contains the items you ordered — and a lot of air (or bubble wrap or packing peanuts or some other type of protective dunnage). This mismatch of the item’s size and the box it comes in might seem like a minor problem, but it makes the already expensive last mile even more costly, with higher corrugate cardboard costs and wasted space in delivery trucks (not to mention being a sustainabili

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How Pattern Brands is using acquisitions to accelerate its brick-and-mortar plans

RetailDive

The company’s Poketo brand, which it acquired last year, recently opened a store in Santa Monica, California.

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A Blueprint for B2B Commerce

In the B2B space, digital expectations are higher than ever. Consumer platforms have made online experiences incredibly user-friendly and efficient, adding pressure for businesses to follow suit to meet the expectations of the modern B2B buyer. Take inspiration from B2C commerce strategies and adapt them for B2B digital interactions. Learn to create engaging and well-crafted consumer shopping experiences with insights and tools from Orium’s report, A Blueprint to B2B Commerce.

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Build a Post-Purchase Customer Experience that Boosts Loyalty

ESW

As soon as a shopper has placed their order, the post-purchase customer experience begins. For many brands with DTC ecommerce channels, new customers can be hard-won, and the post-purchase process is crucial to nurturing the next purchase. Even though many brands want every customer to become a returning customer, only 17% of consumers believe brands care about their experience after buying.

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Lowe’s debuts digital tools for pro customers

RetailDive

Shoppers can get online quotes, re-order frequently purchased products and track orders as the retailer deepens its offerings to pros.

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April 2023 SEO News Recap

ROI Revolution

Welcome to your April 2023 SEO News Recap! Last month , we shared the latest news about Google algorithm updates, clarification on what Bard is used for, the latest news on ChatGPT and Bing, and more. In this month’s SEO news update, we have the latest on AI and SEO, the impacts of a core update from March, a change coming to attribution models in GA4, and more.

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Vivrelle’s Journey to Embracing Composable Commerce

GetElastic

Since its infancy in 2020, Composable Commerce has empowered brands to build and optimize commerce solutions comprised of multiple best-of-breed vendors. The beauty of taking a composable approach is being able to cater to the current needs of your business and having the flexibility to shape and mold your tech stack as the needs of your business evolve.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

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Consumer confidence sinks, implying downturn to come

RetailDive

Weakening optimism among consumers, as measured by the Conference Board, coincides with a decline in credit.

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Unibail-Rodamco-Westfield acquires outstanding share of Croydon Partnership from Hammerson

365 Retail

Unibail-Rodamco-Westfield (URW) has acquired the remaining 50% stake in the Croydon Partnership from Hammerson, which includes the Whitgift and Centrale shopping centres, along with high street retail frontage, office blocks and multi-storey car parks in the heart of the designated GLA Opportunity Area in South London. Jean-Marie Tritant, CEO of Unibail-Rodamco-Westfield, expressed enthusiasm for the acquisition, saying, “Urban regeneration projects are at the heart of URW’s purpose to cre

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Ikea launches small business loyalty program

RetailDive

The Business Network loyalty program is one of several growth initiatives the furniture and home decor retailer announced this month.

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Why Smaller Retailers Need to Embrace Digital Display Solutions to Survive in a Competitive Market

365 Retail

Now more than ever, the retail space is increasingly competitive as online shopping and franchises fill the market. Therefore, it is important for smaller independent retailers to recognise and seize the opportunities digital display solutions offer to their businesses including enhanced customer experiences and interactions as well as encouraging footfall in store.

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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Bankrupt Bed Bath & Beyond looks to pay up to $17M to vendors

RetailDive

The retailer still needs the support of its suppliers and logistics providers even as it winds down its business.

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Top Product Pricing Strategies for Ecommerce (2023)

Prisync

Most entrepreneurs spend their creative efforts when beginning a business on developing a concept and.

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Coty to create Coty Campus metaverse environment for employees

RetailDive

With the help of Spatial, the beauty conglomerate will launch Coty Campus, aimed at upskilling employees, this fall.

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Changes and Challenges to Modern Retail Security Measures

365 Retail

Awareness of the risk of theft and unwanted incursion is a basic part of every business. However, the digital age has reshaped these concerns, introducing new practices, challenges, and solutions to address growing threats. While not strictly necessary, adopting these modern approaches can provide safety and insurance that older systems never could, and they can be surprisingly user-friendly to implement.

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Optimizing Frontend Delivery in Composable Commerce: The Buy vs Build Decision