Mon.Mar 18, 2024

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GenAI Drives The Narrative, But A More Confident Tech Economy Is The Real Story Beyond The Q4 2023 Tech Services Earnings

Forrester eCommerce

Last week, we issued our analysis of the Q4 2023 earnings announcements of large public technology service providers. Our takeaways? First, tech service providers grew much slower in 2023 than in 2022 signaling a belt tightening in technology spend. But providers project faster growth in 2024 fueled by core transformations and investments in AI.

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526: Temu Is Killing US Businesses! Is Yours Next?

My Wife Quit Her Job

According to Wired magazine, Temu is losing hundreds of millions of dollars to send you cheap stuff from China in order to grab mass market share from US shoppers and it’s working. But is it affecting US ecommerce companies? Listen to this episode to find out What You’ll Learn What is Temu? How has Temu been growing so fast? Will Temu destroy ecommerce in the US?

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TikTok’s Influence On Young Voters Makes It A Threat To US Democracy And An Asset To Marketers

Forrester eCommerce

New legislation just passed in the US House of Representatives signals that TikTok regulation is coming. The core argument made by US lawmakers centers around US user data making its way into the hands of the Chinese government. There’s another issue at hand, however: TikTok’s influence over young US voters.

Marketing 417
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Exclusive: Google Debuts New Retail Media Solution with Lowe’s as First Beta Tester

Retail TouchPoints

Google wants a bigger piece of the traffic driven by retail media advertising. To start getting it, the tech company has launched a new offsite retail media solution in closed beta. Lowe’s has signed on to be one of the first retailers to test the solution for what will be the first offsite retail media offering from Lowe’s One Roof retail media network on Google Search and Shopping inventory, according to a blog post that will be published today, which Retail TouchPoints reviewed in advance.

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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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How Beauty Brands Can Bolster Their Website To Boost Their DTC Business

Forrester eCommerce

We reviewed 26 beauty brand websites to compare their direct-to-consumer strength and glean best practices for long-term success.

Consumer 417
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Planning to Prevent Workplace Violence in Retail

Retail TouchPoints

A 2022 U.S. government study found an annual average of 1.3 million nonfatal workplace violence incidents between 2015 and 2019. This is a rate of eight nonfatal violent crimes per 1,000 workers aged 16 or older. In addition to the safety risk to employees and customers alike, workplace violence incidents are costly to retailers. The National Institute for Occupational Safety and Health estimates that workplace violence costs employers more than $120 billion annually in claims, litigation, added

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Joann Enters Structured Bankruptcy; Stores and Site to Remain Operational

Retail TouchPoints

As it seeks to find firmer footing, Joann has entered a Transaction Support Agreement (TSA) with a majority of its financial stakeholders and other parties that includes commitments for approximately $132 million in new financing. The 800+ -store crafts retailer has initiated voluntary prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware and is aiming to reduce funded debt on its balance sheet by approximately $505 million.

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fabric and Bounteous x Accolite Deliver Blueprint to Power “Store of the Future”

Fabric

The post fabric and Bounteous x Accolite Deliver Blueprint to Power “Store of the Future” appeared first on Headless E-Commerce Platform | fabric.

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Target Rolls Out 10-Item Self-Checkout Limit Chainwide

Retail TouchPoints

Following a 200 -store test that limited customers using self-checkout to a maximum of 10 items, Target has rolled out Express Self-Checkout to its nearly 2,000 stores nationwide. The retailer also plans to open additional staffed POS lanes for shoppers who have more items, need help or who “just enjoy connecting with our team to help them get on their way sooner,” according to a company statement.

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Tyson Foods Faces Boycott After Report Claims Company Plans To Hire Asylum Seekers

RetailWire

Tyson Foods, the well-known food processing company, finds itself in hot water as calls for a boycott surge due to allegations of planning to employ migrants at its factories.

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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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DoorDash Adds Sally Beauty, MAC Cosmetics to Delivery Portfolio

Retail TouchPoints

DoorDash is expanding its footprint in the beauty vertical, embarking on partnerships with Sally Beauty and MAC Cosmetics and expanding its relationship with Sephora. Consumers can now shop DoorDash for an array of beauty products and have them delivered in under an hour on average. “We see consumers ordering from retail categories more than ever before and trying out new categories earlier in their DoorDash journey,” said Shana Prevé, VP, Partnerships at DoorDash in a statement.

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AI Can Kill Content Marketing

Practical eCommerce

AI-produced content is faster, easier, and cheaper than human versions. Is it better? The post AI Can Kill Content Marketing appeared first on Practical Ecommerce.

Marketing 122
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Ebay Extends Luxury Consignment Service to Apparel

Retail TouchPoints

Ebay has added luxury apparel to its consignment service , so sellers can now hand off the listing and selling of these goods to Ebay experts. After launching consignment services for designer handbags last year , Ebay saw heightened demand for pre-loved apparel : 22 pre-loved shirts, six pairs of pre-loved jeans, and eight pre-loved coats were sold every minute on the platform across the U.S., UK and Germany, the company reported.

Apparel 173
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GO Outdoors Opens New Store in Tamworth

365 Retail

GO Outdoors is set to open a new store in Tamworth during the week commencing 18th March 2024, aiming to cater to the increasing interest in outdoor activities among the public. This expansion reflects the brand’s commitment to making high-quality outdoor gear accessible to more people, enhancing their outdoor experiences. Located at Ventura Retail Park, the store spans over 15,000 square feet and will employ a dedicated team of 25 staff.

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

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.

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Walmart Self-Checkout Experiment Sparks Controversy

RetailWire

Walmart self-checkout lanes are possibly being reserved for select customers like Walmart+ subscribers and delivery drivers as part of an experimental phase where different methods are being tested.

Customer 111
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Creative Retail Awards and Shop Drop Daily Introduce Innovative Shop Drop Daily Concept of the Year Award

365 Retail

The Creative Retail Awards, in collaboration with Shop Drop Daily, is excited to announce the launch of a groundbreaking new Award – The Shop Drop Daily Concept of the Year Award. This prestigious Award celebrates the most innovative and inspiring branded concepts from around the world, as featured on Shop Drop Daily – the premier destination for cutting-edge brand experiences.

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Joann files for Chapter 11 with a plan to cut $500M in debt

RetailDive

Thanks to an agreement with lenders, stores will be open and vendors paid throughout the bankruptcy process, which could be completed next month.

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JOANN Files for Bankruptcy Due to Drop in Consumer Spending

RetailWire

Due to a steep drop in discretionary spending by customers, JOANN, the 81-year-old fabric and craft retailer based in Ohio, has filed for bankruptcy.

Consumer 111
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Is Your Brand AI-Ready? Find Out with Orium’s Maturity Model

Generative AI is reshaping retail, but achieving true AI success isn’t simple. Many brands face hurdles—underdeveloped data strategies, limited AI-ready infrastructure, or lack of seamless integration across systems. As you explore how AI can boost efficiency and transform customer experiences, understanding your business’s readiness is key. Orium's Data & AI Maturity Model offers a clear starting point.

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Richmond sausages roll out new £2.6m advertising push

TalkingRetail

Richmond, the sausage brand, has kicked off a £2.6m marketing campaign including a TV ad, video-on-demand, outdoor posters, social media and in-store promotions. The “Good Times” brand campaign is designed to highlight the brand's “unique heritage whilst also providing a look ahead to the future… This story continues at Richmond sausages roll out new £2.

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New Ecommerce Tools: March 18, 2024

Practical eCommerce

This week: payment platforms, smart search, B2B commerce, resale programs, anti-fraud tools, logistics, customer experience platforms, and more. The post New Ecommerce Tools: March 18, 2024 appeared first on Practical Ecommerce.

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Nordstrom Rack merchandising exec leaving after 2 years

RetailDive

Nancy Mair arrived amid a leadership shakeup at its off-price business that continued into last September with the appointment of a new president.

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How To Preserve Image Quality For Richer Product Images | Salsify

Salsify

Learn how to preserve image quality and why it's important, plus the difference between lossy format and lossless format digital assets.

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Omnichannel E-Commerce: Drive More Revenue at Less Cost

Today’s e-commerce landscape is vast and it’s moving fast and is fiercely competitive. To thrive you need to offer the right products to the right customers on the best channels. Learn how to successfully harness the power of omnichannel selling to reach more online buyers, diversify and grow revenue, and reduce cost – while delivering a seamless "shop to ship" customer experience across all channels.

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Under Armour, Curry Brand sign new athlete in multiyear deal

RetailDive

University of South Carolina guard MiLaysia Fulwiley will wear the Steph Curry shoes for the rest of her college career at the school.

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Barbour Re-Loved Partners with Oxfam at Glastonbury to Deliver Charity Rental Scheme

365 Retail

Barbour has partnered with Oxfam, the international poverty-fighting organisation at Glastonbury to launch for the very first time, a Barbour Re-Loved jacket rental initiative. Taking place at this year’s Glastonbury Festival (Wednesday 26 June – Sunday 30 June), the Barbour Re-Loved rental service which consists of pre-loved jackets that have been upcycled, will be available through the Oxfam stores on the Festival site with all proceeds going to Oxfam.

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Target limits self-checkout to 10 items or fewer at most stores

RetailDive

In addition to rolling out the express lanes, the retailer is giving managers more leeway to open and shut self-service lanes throughout the day.

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Central Co-op raises staff minimum pay and highlights additional benefits

TalkingRetail

Central Co-op is raising minimum pay for colleagues to £12 an hour, alongside paid breaks and a suite of additional benefits aimed at enhancing colleague well-being and flexibility.

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Mastering E-commerce Strategies to Drive Growth in B2B Distribution

B2B distributors and wholesalers: this webinar is for you! Discover the game-changing potential of composable commerce—a flexible, modern approach to e-commerce—and explore the strategies and technologies transforming the B2B landscape. Learn how to create custom digital experiences for your business from the leaders at Orium , commercetools , and Contentful as they walk through real-world examples, providing actionable insights on how to future-proof your business, integrate new opportunities s

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Macy’s eyes $100M in savings from streamlined supply chain

RetailDive

The company's "Bold New Chapter" will feature automation, distribution center closures, and more.

Supplies 114
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Walkers and Sony partner for Ghostbusters: Frozen Empire on-pack promotion

TalkingRetail

Following a collaboration with Ghostbusters Afterlife in 2021, Walkers is partnering with Sony to celebrate the release of Ghostbusters: Frozen Empire, through an on-pack promotion. The promotion is set to give shoppers a chance to win prizes every hour between 6am and midnight.

Retail 59
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Pacsun unites commerce channels with first-party data solution

RetailDive

The retailer is the first consumer brand to take advantage of a partnership between SoundCommerce and Cordial that unites data and personalization.

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Weetabix introduces Marvel-inspired, HFSS compliant kids’ Oaty Bars

TalkingRetail

Weetabix has announced its latest family-focused collaboration to promote healthier snacking for kids and families via its exciting new range of Marvel inspired, HFSS-compliant children’s cereal bars. The Marvel Oaty Bars contain just 3.

Retail 59
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NEWS: SML RFID Delivers 98% Inventory Accuracy to Gina Tricot

I’m getting in touch with the news that fashion retailer, Gina Trictot, has achieved 98% inventory accuracy thanks to its partnership with SML RFID. Please see the full press release below, including exclusive quotes.