Wed.Dec 27, 2023

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Charts: Shipping Priorities of Online Consumers

Practical eCommerce

Two separate surveys of U.S. ecommerce shoppers report similar findings: free shipping is a priority. The post Charts: Shipping Priorities of Online Consumers appeared first on Practical Ecommerce.

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NRF: Returns Reach 14.5% of Sales in 2023, Fraud Contributed $101 Billion in Losses

Retail TouchPoints

Returns totaled $743 billion in 2023, amounting to 14.5% of all retail sales, according to a report from the National Retail Federation and Appriss Retail. This means that for every $1 billion in sales, the average retailer incurred $145 million in merchandise returns. As is typically the case, online sales saw a higher return rate in 2023 at 17.6% compared to 10.02% for pure brick-and-mortar returns (excluding online orders that were returned in-store).

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CX Transformation Is Tough — Equip Your Org To Go The Distance

Forrester eCommerce

Danger! Obstacles Ahead! Customer experience (CX) has been a professional competency for two decades, and “Prove CX ROI” is still our CX clients’ top priority! Forrester’s data shows that 86% of CX professionals are building (or rebuilding) their business cases.

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Maximizing Profitability: How to Improve 4 Key Areas of the CPG Product Lifecycle

Retail TouchPoints

Consumer packaged goods (CPG) companies are obsessed with two things: maximizing revenue and minimizing operational expenses. The same could be true of all for-profit organizations, but the CPG industry is unique in its unrelenting pace of new product launches designed to woo or wow an audience that has grown accustomed to constant change. However, due in part to pandemic-related workforce disruptions and supply chain challenges, new CPG product introductions declined by 16% over the past four y

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Digitize Your Workflow for Sustainability and Accessibility

Forrester eCommerce

In this blog, I look at digitizing an employee experience for both the benefits of sustainability and accessibility. While digitization is relatively easy with a broad technology landscape, making changes for sustainability or accessibility is much harder to do.

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Returns are the last, but not least, component of a holiday CX strategy

RetailDive

The last thing retailers should do is make gift recipients feel guilty for making a return, according to experts.

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More Trending

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1-Cent Jr. Bacon Cheeseburger at Wendy’s for National Bacon Day

RetailWire

Wendy's is making sure consumers will be bringing home the bacon.

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The Retailer's New Edge for 2024: The Intelligent Automation of WFM

RIS News

In this live webinar session, discover how intelligent automation is revolutionizing workforce management in retail.

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Intel’s Historic $25 Billion Chipmaking Investment in Israel

RetailWire

The Israeli government and U.S. tech titan Intel are partnering to construct a massive $25 billion chipmaking facility in southern Israel.

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Independent Retailers Association Warns of Difficult Year Ahead for Traders

365 Retail

The British Independent Retailers Association has said 2024 is anticipated to be a challenging period for shop keepers as economic challengers are still set to bite. Bira, which works with over 6,000 independent businesses of all sizes across the UK, said they were expecting more challenges coming up in the coming months – and urged businesses to prioritise resilience and adaptability.

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Modernizing the Frontend Experience on Salesforce Commerce Cloud

Unlock agility, boost performance, and gain control over your Salesforce frontend with the latest masterclass from Composable.com : Modernizing the Frontend Experience on Salesforce Commerce Cloud Featuring experts from Algolia, Ember, Netlify, and Stripe, this masterclass focuses on practical strategies for optimizing your Salesforce Commerce Cloud storefronts using modern composable commerce integrations.

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Minimum Wages Increase in 22 States After the New Year

RetailWire

As the calendar turns to a fresh new year, there's a financial silver lining for minimum-wage earners across 22 states. Approximately 9.9 million workers will see a significant surge in their paychecks.

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To DM, or Not to DM? Brands Need to Earn Their Place in a Customer’s Inner Circle

Digital Doughnut

41% would be open to communication on their personal channels, such as WhatsApp, which brands can now get right each time through AI. 41% would be open to communication on their personal channels, such as WhatsApp, which brands can now get right each time through AI.

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Robot Attacked Tesla Worker at Texas Factory

RetailWire

A Tesla software engineer was brutally attacked by a robot and experienced serious injuries as a result of a malfunction at the company's Giga Texas factory in Austin.

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Miniso Blind Box Carnival Surprises and Delights Shoppers Worldwide

Retail TouchPoints

Blind boxes have become a hot commodity for Gen Z and Gen Alpha consumers. With strategic packaging that keeps product contents hidden, blind boxes are designed to pique consumers’ curiosity and delight them with exclusive products — often featuring popular IP from brands like Disney and Sanrio. Global lifestyle brand Miniso has capitalized on this trend by partnering with some of the most popular IP owners to expand its blind box offering and encourage shoppers to #UnboxMagicalMoments on social

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The Trends You Need to Succeed This Holiday Season

October Prime Day is usually an early sign of how consumer spending trends ahead of the holidays. This one was no exception. Our October Prime Day Report breaks down what’s working: the products flying off the shelves, the categories winning big, big brands, and the search terms defining demand. All brought to you via Similarweb’s Shopper Intelligence platform.

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Kids Prefer YouTube to Streaming Services Like Netflix

RetailWire

Streaming services like Netflix are pulling back on their investments in children's content after learning that kids increasingly prefer to consume content on YouTube.

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Apple Resumes Smartwatch Sales After Patent Dispute

RetailWire

Apple has won an appeal to resume selling its smartwatches after the U.S. Court of Appeals for the Federal Circuit paused an import ban.

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Zulily Shuts Down and Exits the Retail Market

RetailWire

Zulily, an online retail platform specializing in women's and children's apparel, has announced that it's closing its doors for good.

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Squishmallows Take Over McDonald’s Happy Meals Nationwide

RetailWire

McDonald's across the U.S. has begun featuring Squishmallows in its Happy Meals.

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Is Your Business AI-Ready? Find Out with Orium’s Maturity Model

Generative AI is poised to redefine B2B, but scaling AI success in this space isn’t without obstacles. From fragmented data sources and complex buyer journeys to operational inefficiencies, the road to AI-powered growth can be challenging. To achieve a competitive edge, understanding your organization’s AI-readiness is essential. Orium's Data & AI Maturity Model provides a quick, actionable way to assess your starting point.

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Tesla Readies for Next Big Launch: Updated Model Y

RetailWire

Tesla Inc., the industry-leading EV manufacturer, is reportedly getting set to launch an upgraded version of its highly successful Model Y from its Shanghai production facility.

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Amazon Prime Will Run Ads Unless Users Fork Over Extra Cash

RetailWire

The streaming giant is asking users to spend even more money for ad-free viewing.

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New York Times Sues OpenAI and Microsoft Over Copyright Infringement

RetailWire

The New York Times has initiated legal proceedings against OpenAI and Microsoft, alleging infringement of copyrighted material.

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Florida Airports Facing Major Delays After Christmas

RetailWire

As Sunshine State travelers return from their holiday getaways, they are facing major delays.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.