Fri.Feb 09, 2024

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Master Your Stock: A retailer’s blueprint for improving inventory health

Fabric

“Inventory is fundamentally evil. You kind of want to manage it like you’re in the dairy business. If it gets past its freshness date, you have a problem.” Tim Cook, CEO at Apple For retailers, improving inventory health sounds simple enough. The balancing act involves optimizing stock levels to meet customer demand while efficiently managing costs.

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High-Performance IT Demands Superior And Relentless Alignment Between Business and IT

Forrester eCommerce

To deliver the next wave of business growth, leaders need superior and relentless alignment to achieve high-performance IT.

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Luxury Brands Including Kering, Neiman Marcus Flee Farfetch in Wake of Sale to Coupang

Retail TouchPoints

Gucci and Yves Saint Laurent parent company Kering is pulling its brands off the Farfetch luxury marketplace, and Neiman Marcus Group is pulling out of a 2022 deal with the company that would have seen Farfetch manage the website and app of Bergdorf Goodman while also selling the department store chain’s wares on the Farfetch marketplace, multiple sources report.

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A Patchwork Of US AI Regulations Is Here, It’s Time To Deal With It

Forrester eCommerce

AI couldn’t stay out of the headlines in 2023. While there was the ongoing string of generative AI announcements, AI also experienced legislative and litigious scrutiny. Both AI technology companies and enterprises that use these technologies experienced investigations related to their AI use.

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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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Hy-Vee Integrates Instacart Fulfillment Capabilities for Delivery

Retail TouchPoints

Hy-Vee will leverage Instacart ’s Fulfillment as a Service (FaaS) to integrate same-day delivery fulfillment capabilities into its owned and operated websites and apps. The supermarket retailer first partnered with Instacart for deliveries in 2018; more recently, Hy-Vee began working with Uber Eats for delivery from its 260 stores in August 2023. The FaaS solution allows retailers to plug Instacart fulfillment technology into existing ecommerce platforms via APIs in order to integrate with their

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Shopify GA4 Integration: Essential Setup & Troubleshooting Guide

Groove

In an increasingly remote world, eCommerce is a booming business , but one that is hard to master. Understanding user behavior by leveraging data-driven insights is your best way to gain a competitive edge over other players worldwide. Shopify Google Analytics integrations are fantastic tools for mid-market and enterprise retailers. This step-by-step guide will walk you through setting up and using the power of a Shopify GA4 integration to its full abilities.

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How Merchants Rack-up Airline Points

Practical eCommerce

The founder of SpyGuy is a seasoned world traveler and an authority on inexpensive flights and hotel accomodations. The post How Merchants Rack-up Airline Points appeared first on Practical Ecommerce.

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Stitch Fix Chief Merchant: The Style Forecast is ‘an Embodiment’ of the Brand Promise

Retail TouchPoints

The Stitch Fix Style Forecast has become so much more than a press campaign used to drum up buzz and consumer excitement before the New Year’s Eve ball drops. In fact, it’s now central to how Stitch Fix shows up for customers across channels. “The Style Forecast is an embodiment of the art and science to our approach , fueled by billions of data points that we gather across our experiences and through millions of our clients that we engage with,” said Loretta Choy, Chief Merchandising and Client

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Macy’s continues private label push with State of Day

RetailDive

The new restwear, sleepwear and innerwear collection is part of a larger owned brand strategy — one new CEO Tony Spring says he has confidence in.

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During the Holidays, Small and Mid-Sized Businesses Feel the Impact of Retail Crime

Retail TouchPoints

Retail crime was a hot topic throughout 2023, and it’s easy to see why. According to the National Retail Security Survey, losses attributed to retail theft rose to $112.1 billion in 2022, up from $93.9 billion in 2021 — and experts expect this year’s total to continue to rise. Respondents also overwhelmingly indicated that shoplifters — particularly those affiliated with organized retail crime (ORC) — have grown increasingly violent in recent years, adding another layer to the challenge.

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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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Hawaiian Airlines Adds In-Flight Wi-Fi With SpaceX’s Starlink

RetailWire

Hawaiian Airlines is setting a precedent by providing free Wi-Fi facilitated by SpaceX's Starlink on its commercial flights. It is the first significant U.S. airline to provide this satellite-based service.

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Shein Picks Amazon’s Backyard for New U.S. Fulfillment Hub

Retail TouchPoints

Discount shopping app Shein has announced plans to open a Seattle-area office as it continues to expand its U.S. footprint and moves forward with its U.S. IPO. The nearly 10,000-square-foot office space in downtown Bellevue, Wash. will serve as a hub for Shein’s U.S. fulfilment and logistics, furthering the company’s ongoing effort to localize fulfillment and support speedier delivery times for American customers.

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EE Pledges £6 Million Investment in UK High Streets with New Experience Store Launches

365 Retail

EE has announced a significant £6 million investment in the UK’s high streets, demonstrating its commitment to the brick-and-mortar retail sector. This investment underpins the launch of more than ten new EE Experience and Experience Local stores across the UK over the next 12 months, beginning with a high-profile opening in the Metrocentre, Gateshead.

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Google Rebrands AI Chatbot Bard to Gemini and Rolls Out New App Offering

RetailWire

Google has revealed a big rebrand of its artificial intelligence chatbot and assistant, Bard. The program will now be called Gemini.

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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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5 Reasons to Attend Analytics Unite

RIS News

Step into the future of analytics at our upcoming Analytics Unite event, being held at The Drake Hotel in Chicago from May 1-4.

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After ‘milestone year’ Mattel targets $200M in cost savings

RetailDive

The toy manufacturer named a new chief strategy officer and rolled out a business optimization plan to drive further profitability as Q4 sales grew 16%.

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Store Experience Study 2024: The Heart of Retail Evolves

RIS News

The annual “Store Experience Study” represents the 21st year of collaboration between RIS News and IHL Group. Benchmark your store technology stack against your peers and discover the industry’s tech investment plans for today and into the future.

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Is Kohl’s real estate attracting investors?

RetailDive

Various funds, including one owned by the Singapore government, have taken stakes in recent days as rumors swirl about activist pressure.

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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.

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Owens Corning Boosts Position With Masonite’s Acquisition

RetailWire

Owens Corning, a major player in the worldwide construction materials sector, has made a significant move by purchasing Masonite International Corporation, a global innovator in interior and exterior doors and door systems.

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The Weekly Closeout: Disney turns to villains for bridal inspiration, Abercrombie & Fitch Co. cuts a role

RetailDive

The company looked to Ursula and Maleficent for a collection with Allure Bridals, while the specialty retailer eliminated the global brands president position.

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Sam Altman’s Trillion-Dollar Plan To Amplify AI Chip Production Globally

RetailWire

Sam Altman, CEO of OpenAI, is on an international mission to raise considerable funds for an ambitious new project. He aims to radically escalate the production of the essential high-performance semiconductors that fuel advanced AI programs such as OpenAI's ChatGPT.

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Claire’s assembles ‘Gen Zalpha’ influencer group to guide creativity

RetailDive

Ambassadors range from seven to 17 years old and come from backgrounds spanning the worlds of music, fashion, cooking and more.

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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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Hershey’s CEO Warns of Possible Price Increase Due to Record Cocoa Prices

RetailWire

Hershey has warned of a possible consumer price increase for the brand's chocolate snacks and goods due to the rising price of cocoa.

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Walgreens names permanent CFO in management shakeup

RetailDive

The pharmacy chain’s recently-installed CEO announced executive team changes as the company looks for a fresh start after financial struggles.

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Celebrate National Pizza Day With Restaurant Deals

RetailWire

Here is a list of special promotions for National Pizza Day.

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The Unintended Consequences of Brand Building on Social Media

Digital Doughnut

The rise of social media and digital connectivity in our daily lives has necessitated brands to establish a strong online presence, often relying on image-based social media platforms to engage with customers and create digital communities. While these communities can foster a sense of belonging and brand loyalty, social media’s reliance on user-generated content (UGC) limits brands’ ability to control the nature and quality of the content associated with them.

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5 Steps to Omnichannel E-Commerce Success

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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Uber Eats Changes Super Bowl Commercial After Backlash Over Peanut Allergy Joke

RetailWire

Uber Eats finds itself entangled in controversy following the airing of its Super Bowl commercial, which included a joke about peanut allergies.

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Retail Tech to Make Shoppers Fall in Love with Your Store

iVend

It’s the time of year when the world’s thoughts turn to love. For retailers, Valentine’s Day offers a shopping boost in the after-holiday mid-February slump, but it’s more than that – it’s also a reminder that love comes in many forms, including the love that shoppers have for their favourite store. Getting shoppers to love your store is a sure-fire way to retail success – customer satisfaction, competitive advantage, scalability and business growth.

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Uber Eats Is Changing Super Bowl Commercial After Backlash Over Peanut Allergy Joke

RetailWire

Uber Eats finds itself entangled in controversy following the airing of its Super Bowl commercial, which included a joke about peanut allergies.

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Ginsters invests a further £4m in ad campaign

TalkingRetail

Further media spend is planned in 2024 for Ginsters ‘Taste the Effort’ campaign which will bring the total spend to over £8m.

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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