Tue.Oct 15, 2024

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Is Keeping Your Commerce Tech Vendor The Right Fit For You?

Forrester eCommerce

To retain or replatform your commerce technology solution? Forrester's latest research guides leaders on how to answer this burning question.

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True Value Files for Bankruptcy, Preps for Sale to Competitor

Retail TouchPoints

Privately held hardware wholesaler True Value has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware as it prepares to sell “substantially all” of its business operations to rival Do it Best Corp. During the reorganization process, the 75-year-old retailer will continue to operate its 4,500 stores, which are independently owned, except for a corporate-owned location in Palatine, Ill.

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Advanced Frontline Marketing Strategies Are Outperforming In B2B Orgs

Forrester eCommerce

I have some exciting news for marketing leaders seeking to innovate on their marketing strategies. Forrester’s 2024 frontline marketing survey found that frontline marketing teams with advanced lifecycle revenue marketing strategies are more likely to meet or exceed their revenue goals than frontline marketing teams with less mature strategies.

B2B 195
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Walgreens Plans to Shutter 1,200 Stores Over Next 3 Years

Retail TouchPoints

Walgreens Boots Alliance will close 1,200 stores in the next three years, including 500 closures during its 2025 fiscal year, which will end in August 2025, according to the company’s release discussing its FY 2024 performance. In June 2024 Walgreens had outlined turnaround plans that would include the closure of a “significant number of underperforming stores,” according to CEO Tim Wentworth.

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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.

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AI Support for Demand Forecasting and Inventory Planning | Salsify

Salsify

Artificial intelligence (AI) has made the move to mainstream. What began as proof-of-concept now underpins familiar functions such as predictive text and TV show recommendations from your favorite streaming service. What started as a scientific curiosity now forms the foundation of business chatbots and powerful tools like ChatGPT.

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How the Convergence of Content and Commerce is Collapsing the Traditional Marketing Funnel

Retail TouchPoints

Commerce is being embedded into more channels, platforms and touch points. Destinations once focused on education and inspiration are now shoppable, which means brands can transform every piece of content and point of engagement into a conversion opportunity. The collapse of the traditional marketing funnel was a central theme of this year’s Advertising Week New York (AWNY), which brought thousands of executives from across the industry landscape to New York City for four days of sessions

Marketing 279

More Trending

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Think You Can’t Recycle That Old Clothing? Guess Again.

Retail TouchPoints

Guess has introduced Guess Again, a new product recycling program for U.S. online customers. The retailer already offers an in-store recycling program, in partnership with Homeboy Threads , that allows customers to bring in five or more items of any brand to U.S. and Canada Guess stores and receive discounts on their next full-price qualifying purchase.

Clothing 242
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Walgreens to close 1,200 stores

RetailDive

The drugstore retailer’s plans reverse its expansion ambitions from a few years ago, when the company attempted to merge with rival Rite Aid.

Retail 130
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Google Shopping Revamp: Leveraging AI to Remain ‘Essential to People’s Shopping Journeys’

Retail TouchPoints

Just in time for the peak holiday shopping period, Google has rebuilt its Shopping experience “from the ground up with AI,” bringing together its collection of 45 billion product listings and Gemini AI models to “transform the online shopping experience,” according to a company blog post. The update marks the “ biggest step change we’ve introduced in Google Shopping to date ,” said Lilian Rincon, Google Shopping’s VP of Product at a press briefing attended by Retail TouchPoints.

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True Value files for Chapter 11

RetailDive

The 75-year-old brand, whose stores are largely excluded from the bankruptcy, is seeking court approval to sell itself to rival Do it Best for $153 million.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

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Beneath the Bid: Understanding the Full Depth of CPC Bid Strategy to Optimize Retail Media

Retail TouchPoints

It’s no secret that mastering retail media search advertising empowers brands to drive highly qualified traffic, optimize ad spend and stay competitive in a highly saturated digital marketplace. But when it comes to maximizing advertising budgets — especially on retail media platforms like Amazon, Walmart and Target — understanding and strategizing how cost-per-click (CPC) is calculated can help brands focus their dollars on high-intent, high-converting shoppers to drive long-term growth.

Retail 162
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Government confirms glass to be excluded from England and Northern Ireland DRS

TalkingRetail

The environment minister has confirmed that glass will not be collected in its planned deposit return scheme (DRS) for recycling drinks containers in England and Northern Ireland.

Retail 96
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Walgreens Is Closing Over 1,000 Stores by End of 2027

RetailWire

Walgreens has reported earnings above analysts' expectations, but the company is moving forward with previously announced store closings.

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Boost goes big on energy

TalkingRetail

Boost Drinks has added 500ml cans to its energy range. They come in Original, Sugar Free Original and Red Berry flavours, and are price-marked at £1.

Retail 99
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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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What to know about holiday consumers this year

RetailDive

How much will this year’s anomalies — including a presidential election, inflation and a super-short season — affect shopping in 2024?

Consumer 103
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Don’t Be Fooled by Synthetic Data for Market Research: Why Insights From Real People are Key to Authentic Brand Building

Digital Doughnut

In an era driven by technological advancements, AI and synthetic data are playing an increasingly significant role in helping businesses understand consumer behaviour. As discussions about synthetic data’s potential to disrupt market research gain momentum in the media, many wonder if traditional methods are at risk of becoming obsolete.

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Costco Sells Spicy Chicken Sandwich To Compete With Chick-fil-A

RetailWire

Costco has introduced a new product that mirrors the popular Spicy Chicken Sandwich from Chick-fil-A as a way to offer a budget-friendly alternative.

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Cards Face Checkout Competition, Studies Find

Practical eCommerce

Are alternative payment providers a better option for ecommerce shoppers? The post Cards Face Checkout Competition, Studies Find appeared first on Practical Ecommerce.

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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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EV Sales Rise in Q3 2024, With Tesla Out in Front

RetailWire

EV sales increase year over year, with Tesla's Model Y being the top seller.

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Deliveroo Partners with Wilko for Rapid Delivery Service

365 Retail

Deliveroo has announced a new partnership with Wilko , enabling customers to order and receive Wilko products directly to their door in as little as 25 minutes. This collaboration brings over 3,000 Wilko items across various categories, including garden, home, kitchen, DIY, cleaning, pet care, and storage, onto Deliveroo’s platform, making it easier for customers to get last-minute essentials for their home and family.

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KFC Introduces New Cherry Pie Popper Flavor

RetailWire

KFC is expanding its dessert offerings with the introduction of Cherry Pie Poppers, joining the previously launched Apple Pie Poppers. Known primarily for its fried chicken and comfort food sides, KFC also features a selection of desserts, including brownies and a chocolate chip cake.

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Co-op Media Network Powers Up Front-Of-Store Digital Screen Rollout

365 Retail

The Co-op Media Network (CMN) has today announced that it is to install 300 new front-of-store digital media screens to turbo-charge its retail media offering, taking the total number of screens to over 9,000 across its store estate. In partnership with SMG – the UK’s leading independent retail media operator – the move will expand CMN’s digital capabilities and enable FMCG brands to deepen their engagement across Co-op’s frequently shopped convenience stores, which see over 16 million transacti

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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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Employers’ NI rise could negatively impact convenience retail, warns ACS

TalkingRetail

ACS has urged the government to avoid adding to the cost of employer National Insurance Contributions ahead of the Budget on 30 October, warning that any increase in the rate would cost tens of millions of pounds for the convenience sector alone.

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Creating Connections in High Street Stores

365 Retail

Much has been made of the supposed ‘death of the high street’ as online shopping rises in popularity, but such locations remain crucial for many local communities. In fact, according to Accenture’s research, eight in ten ( 78% ) consumers would feel sad if their local high street was no longer an option for shopping. This follows research from Green Street which found that a wave of closures by chemist, pub and bank chains led to almost 2,300 more empty stores on high streets, shopping centres a

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Alzheimer’s Society partners with PayPoint to revolutionise cash donations

TalkingRetail

Alzheimer's Society and PayPoint have announced a new partnership to simplify and enhance cash donations and transactions. The collaboration addresses the growing challenges for charities when it comes to handling cash, particularly as high street banks and Post Office branches become less accessible.

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Ingka Centres Launches New Consumer Brand ‘Livli’ for European Market

365 Retail

Ingka Centres, part of the Ingka Group that also includes IKEA Retail and Ingka Investments, has announced the launch of a new consumer brand for the European market: Livli. The arrival of Livli enriches Ingka Centres’ portfolio of brands, which already includes Livat in China and Lykli in India, as well as Hej!Workshop, Saluhall and Circuit.

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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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Gorjana signs LA Sparks forward Cameron Brink as brand ambassador

RetailDive

Brink is the second professional athlete ambassador the DTC jewelry brand has brought on, following tennis player Jessica Pegula last year.

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Waitrose Partners with Just Eat to Expand On-Demand Grocery Service Across the UK

365 Retail

Waitrose is partnering with the nation’s biggest delivery network Just Eat on a multi-year deal to expand its presence in the on-demand grocery and convenience sectors. In the coming weeks, millions of Just Eat customers will be able to order their favourite food and drink to be delivered in 30 minutes or less from [229] Waitrose locations across the UK.

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Something to celebrate | Editor’s comment

TalkingRetail

Retail crime, violence, rising costs, red tape. Just like when watching the national and international news these days, it can be easy to despair at the state of this industry.

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Sports Direct to Open 40,000 Sq. Ft Store at Trafford Palazzo in 2025

365 Retail

Trafford Palazzo , the North West’s shopping and leisure destination owned by Peel Retail & Leisure , has announced that Sports Direct will be its latest occupier. The sports retailer, part of Frasers Group plc , has committed to opening a 40,000 sq. ft store on a long-term lease, set to launch in early 2025. The new Sports Direct Trafford store will feature a range of leading sports and leisure brands, including Nike , adidas , Puma , and ASICS.

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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!