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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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.

Jewelry 295
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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.

B2B 284
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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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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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Tech Leaders: Drive Towards Successful Business Outcomes In 2024

Forrester eCommerce

Discover the three distinct ways leading CIOs are driving their firm's growth agenda (and how they're using generative AI).

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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.

Customer 243
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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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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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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

Marketing 147
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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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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.

eCommerce 108
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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.

Fashion 105
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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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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.

Travel 105
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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 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.

eCommerce 117
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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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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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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 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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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.

Apparel 107
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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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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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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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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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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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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.

Retail 59
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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.

Retail 92
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Major tobacco and vape company calls for more regulation

TalkingRetail

BAT, the UK’s largest listed tobacco and vaping company, has launched a multi-pronged media campaign urging new regulations be introduced so the vaping industry can fulfil its potential to make smoke-free a reality in the UK. England wants to be smoke-free (smoking prevalence falling to 5% or less) by 2030 – with Wales targeting a.

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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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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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Driving Digital Transformation in the Heavy-Duty Industry with TruckPro

Pivotree Blog

By: Sam Russo In a fireside chat at the Syndigo Connect Conference in Chicago on November 9, Reid Garrett, VP, Product Management and Merchandising, TruckPro, shared significant aspects of the dynamic partnership the organization has developed with Pivotree and Syndigo over the last several years. TruckPro is a large North American heavy-duty parts distributor for the maintenance, repair, and operations industry.

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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.

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.