Mon.Nov 27, 2023

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Fight inflation with algorithmic retailing: a strategy for growth in a difficult market

365 Retail

Inflation remains a huge problem for consumers reticent to spend and retailers struggling to stay afloat. While the rate of inflation is in slight decline, it is still more than three times the BoE’s 2% target. Shop prices rose at an annual rate of 6.2% in September, down from 6.9% in August according to figures published by the British Retail Consortium.

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OpenAI Has Five Possible Paths To Monetization

Forrester eCommerce

What OpenAI’s Future Monetization Model Might Mean For The Company — And For You OpenAI has been all over the news recently, for all the wrong reasons. A dramatic showdown between members of the board of directors, company executives, investors, and even employees caught everyone’s attention.

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Touchland CEO Reveals 5 Social Media Best Practices for the Holidays

Retail TouchPoints

This is Part 3 of The Holiday Readiness Series, which will feature tactical tips and takeaways from experts that retailers can still apply to rev up their sales results. Looking for even more data and insights to power your approach? Check out Part 1, which focused on improving CX and Part 2, which focused on empowering store associates. Touchland is more than just a hand sanitizer brand — it’s a self-care brand, according to Andrea Lisbona, the company’s Founder and CEO.

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7 Items To Buy In Bulk And Sell Individually For A Profit

My Wife Quit Her Job

If you want to sell physical products online but don’t have the budget for private labeling, buying items in bulk for resale is an excellent strategy. Buying in bulk cuts down on per-item costs, provides volume discounts, and often includes free shipping. In this post, I’ll outline seven items you can purchase in bulk and resell individually to achieve a healthy profit margin.

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The Evolving Retailer's Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto

Fulfilment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfilment 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 everyd

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The State Of B2B Marketing Measurement In 2023: Five Key Observations

Forrester eCommerce

What exactly is the current state of B2B marketing measurement, what do B2B marketing leaders need to look out for, and what can be improved? Here are five key measurement observations from Forrester’s Marketing Survey, 2023.

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Retailers Focus Giving Tuesday Efforts on Feeding People, Pets

Retail TouchPoints

Among the many charity-themed promotions associated with Giving Tuesday on Nov. 28, several are designed to feed the hungry — whether they have two legs or four. From Nov. 27 to Dec. 4, 2023, Instacart and participating CPG brands will donate one serving of fruits and vegetables for every dollar spent on the platform for these brands, up to a collective total of 1 million servings.

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Discounts Drive Record-Breaking Black Friday, Cyber Weekend Spending

Retail TouchPoints

As Cyber Monday sales continue to roll in, Cyber Week appears to have allayed retailers anxieties by delivering another year of record consumer spending, according to Adobe Analytics. Online spending on Black Friday came in above projections, at $9.8 billion (up 7.5% YoY); Thanksgiving drove $5.6 billion in online sales (up 5.5% YoY); and Adobe is predicting that Cyber Monday will be the biggest online shopping day of all time with a sales forecast between $ 12 billion and $12.4 billion.

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How Poor UX Affected My Choice of Insurance Provider

Forrester eCommerce

This is a story of how user experience flaws drove me away from one insurance provider into the arms of its competitor.

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Ikea Debuts ‘Plan and Order Point’ Store Format in Dallas Market

Retail TouchPoints

Ikea will open a Plan and Order Point as its third store in the Dallas-Fort Worth market on Nov. 29, 2023, offering design consultations as well as a location where customers can pick up their online orders. The 10,800-square-foot location in Southlake joins two large-format stores in Frisco and Grand Prairie, Texas. Customers can book appointments with Ikea experts while they design, quote and order Ikea products, and while customers won’t be able to take products home directly, Ikea can arrang

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Custom GPTs for Marketers

Practical eCommerce

Custom GPTs can generate logos, web layouts, content analysis, brand messaging, and much more. The post Custom GPTs for Marketers appeared first on Practical Ecommerce.

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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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Walmart is widening the gap with Amazon in grocery e-commerce, report finds

RetailDive

The retailer's share of the online grocery market will expand to nearly 27% by the end of 2024, while Amazon’s will slip to 18.5%, according to Insider Intelligence.

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Ecommerce Product Releases: Nov. 27, 2023

Practical eCommerce

Many companies provide software and services for ecommerce merchants. Every week we publish a rundown of new updates and releases. The post Ecommerce Product Releases: Nov. 27, 2023 appeared first on Practical Ecommerce.

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Urban Outfitters’ Nuuly rental business turns a profit in Q3

RetailDive

In addition to a swing into the black with $300,000 in operating profit, sales soared 86% at the unit, which also offers some resale.

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Yodel and Vinted Strengthen Partnership to Bolster UK’s Pre-Loved Fashion Delivery Network

365 Retail

Yodel has recently declared an extension of its collaboration with Vinted , the online marketplace. This enhanced alliance, solidified through a multi-year contract, foresees a notable escalation in the number of parcels managed by Yodel, an independent carrier. Under this agreement, the volume of parcels from Vinted expected to be processed by Yodel will see a considerable increase.

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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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Abercrombie & Fitch sales jump 20% in Q3

RetailDive

The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.

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Amazon Overtakes FedEx and UPS as the Top Delivery Business

RetailWire

Amazon has emerged as America's No. 1 delivery business, surpassing both UPS and FedEx.

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Madhappy opens first store

RetailDive

The 2,800-square-foot location is in West Hollywood, California, and features an assortment of its apparel as well as an on-site cafe.

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Gas Attendant’s Mistake Wins One Man $25K for Life

RetailWire

A Michigan man won $25K a year for life after a gas station attendant made a mistake on his lottery ticket.

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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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Allbirds begins selling on Amazon

RetailDive

The sustainability-focused brand expands its sales channels amid a company-wide transformation effort focused on improving profitability.

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Unclaimed Baggage Store in Alabama Sells Lost Luggage From Airlines

RetailWire

Millions of vacationers are making their way back home from their Thanksgiving trips, and for some, their lost luggage will end up as unclaimed baggage.

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Home gym company Tonal partners with Best Buy

RetailDive

The brand’s products can be purchased on Best Buy’s website in what the DTC company says is a “large-scale retail expansion.

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Google To Begin Deleting Inactive Accounts as Early as December

RetailWire

If users want to keep their older Google accounts active, they can take certain steps to ensure none of their data is lost.

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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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Walmart adding parcel stations for faster delivery, greater density

RetailDive

The retailer plans to have more than 40 stations, described as mini post offices, in its stores by the end of 2023.

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Mobile Purchases Surge During Record-Breaking Black Friday

RetailWire

Black Friday lived up to its reputation as a powerhouse for retail with record-breaking sales this year.

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How Hershey is reinventing candy displays

RetailDive

Agile fulfillment means retailers receive customized displays with the right mix of products at the right volume.

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What’s new: Omnisend’s November 2023 updates

Omnisend

Reading Time: 5 minutes November for ecommerce brands can only mean one thing: it’s the holiday season. There’s not only the behemoth that is Black Friday Cyber Monday, but Christmas is fast approaching too. This means you want your forms and emails to be highly effective at turning visitors into subscribers, and subscribers into customers and repeat buyers.

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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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Tapestry’s New Las Vegas Fulfillment Center to Tap Robotics

RIS News

Joseph Gillespie, senior director of engineering and facilities for Tapestry’s North America fulfillment centers, shared with CGT details about the latest advancements in technology within fulfillment.

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Bed Bath & Beyond Locations Are Claimed by Retailers

RetailWire

After the closing of its business, Bed Bath & Beyond locations that have been abandoned are now being claimed and transformed by other companies.

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Go Local expansion in the West Midlands

TalkingRetail

Parfetts said it is attracting new retailers to the Go Local fascia across the West Midlands following the opening of its Birmingham depot. Four new Go Local Extra and nine Go Local fascia stores have joined Parfetts growing network of over 1,200 stores. The latest additions to the network also include eight bespoke stores, where.

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Target’s Black Friday Promotions Exposed on TikTok

RetailWire

The truth behind Target's sales prices during Black Friday was revealed on TikTok.

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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.