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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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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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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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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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.

More Trending

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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 253
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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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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 111
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Nearly half of holiday shoppers plan to shop in stores

RetailDive

While online shopping is returning to pre-pandemic behaviors, there is a generational divide between those who shop on computers versus mobile devices, according to Experian.

Mobile 119
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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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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 98
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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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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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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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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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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 114
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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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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.

Jewelry 98
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Potentially Biggest In-N-Out Burger Is Coming to Las Vegas. Here’s What We Know

RetailWire

What is likely to be the largest-ever In-N-Out Burger is coming to Las Vegas.

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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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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.

Toys 62
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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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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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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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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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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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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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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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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.

Banking 59
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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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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.

Retail 52
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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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3 Last-Minute Strategies for Retailers: 30 Days Until Peak Selling Season

Fabric Blog

The peak selling season is fast approaching, and if you’re like most retailers, your inventory is in place, marketing campaigns are already set, and your channel strategy is dialed in. But even with just 30 days left until the busiest shopping period of the year, there are still critical actions you can take to enhance your preparation and ensure success.

Retail 52
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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.