Mon.Nov 13, 2023

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Consumers Just Keep Spending Online: Here’s How to Keep it Going this Holiday Season and into 2024

Retail TouchPoints

August’s overall retail sales in the U.S. showed continuing resilience, with actual growth of 0.6% after economists polled by Reuters had predicted just 0.2% growth. However, the overall data masks some key data points that may be of concern to retailers, including data showing declines in discretionary categories such as furniture (-1.0%) and sporting goods (-1.6%).

Consumer 324
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How AI is set to transform the retail industry

365 Retail

How AI is redefining the retail experience Artificial intelligence (AI) has the potential to change the day-to-day work of retail professionals in a range of roles. While the potential behind the technology is significant, AI is a polarising subject. Some believe it will transform our lives and be the key to the future of retail. The extreme counterpoint is that AI could take over the world in a matrix-style machine coup.

Retail 109
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To Build A GenAI-Powered Business App, You Need More Than An LLM

Forrester eCommerce

If you believe the headlines, large language models (LLMs) will magically reinvent how generative AI (genAI)-powered business applications get built: “Just jam your knowledge into a fine-tuned, vector-embedding, prompt-engineered large language model from one of the big players.” Things just aren’t that easy.

Customer 468
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505: The Blueprint For Building The Largest Amazon Sellers Network With Athena Severi

My Wife Quit Her Job

Today I have my friend Athena Severi on the show. Athena is the founder of the Titan Network, one of the largest networks of Amazon sellers in the world. She also runs China Magic, where she runs a guided tour of the Canton Fair. In this episode, you’ll learn about her entrepreneurship journey and how she’s hustled her way to the top. What You’ll Learn How Athena got her start in ecommerce How Athena created one of the largest Amazon seller networks in the world How Athena help

Books 296
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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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Shift From Manual To Automated Account Planning To Deliver Results

Forrester eCommerce

I’ve been involved with account planning programs for over 30 years — first as a sales rep, then as a sales manager, then as a sales operations leader, and, finally, as an analyst and advisor. And in all that time, resistance by sellers to the process of creating and leveraging account plans remains high. Why?

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Meta and Amazon Link Up to Enable In-Platform Purchases on Instagram, Facebook

Retail TouchPoints

Meta and Amazon have quietly debuted a new closed-loop social commerce experience that allows Facebook and Instagram users to link their social media accounts to Amazon so they can make purchases directly in-platform. The news was reported by multiple sources , including Disruptive Digital ’s Maurice Rahmey, who shared images of the new shopping experience on LinkedIn.

More Trending

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Toys ‘R’ Us Plants a Flag(ship) in Mall of America

Retail TouchPoints

Toys “R” Us will open its second mall-based flagship store on Nov. 17 at Minnesota’s Mall of America, just in time for the holiday season. The 11,000-square-foot store is the latest addition to the retailer’s growing U.S. brick-and-mortar fleet, which also includes another flagship in New Jersey’s American Dream mall , as well as 452 shop-in-shops at Macy’s stores across the country.

Toys 278
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fabric Names Marketing Innovator Christelle Flahaux as EVP and CMO

Fabric

A headless and modular technology built by e-commerce pioneers and made for modern e-commerce experiences. Request a platform demo today!

eCommerce 130
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B2B, Marketplaces Become Core to Brooklinen’s Blossoming Omnichannel Strategy

Retail TouchPoints

Brooklinen was a direct-to-consumer darling that promised consumers high-quality sheets at great prices. By eliminating supply chain complexities and “cutting out the middlemen,” Brooklinen was able to streamline the product development journey and fully immerse consumers in the ethos and values of the brand. While the core product value proposition is still very much intact, like many other brands that started solely online, Brooklinen’s growth story has evolved.

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Sales Tax for eCommerce: Everything that Small Businesses Need to Know

Algopix

The eCommerce landscape has grown exponentially in recent years, transforming the way small businesses operate and reach their customers. With this growth comes the responsibility of understanding and managing sales tax, a complex and often daunting task for many entrepreneurs. Sales tax compliance in the digital age is not just a legal obligation but a crucial aspect of maintaining a reputable and successful online business.

eCommerce 120
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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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Walgreens Cuts 5% of Corporate Workforce in Streamlining Bid

Retail TouchPoints

Walgreens Boots Alliance (WBA) will cut 267 jobs — 5% of its corporate workforce — in a move to “streamline our operations and focus on our critical priorities,” according to a Walgreens spokesperson, who noted that “none of these roles are based at our stores.” These latest cuts follow a 10% reduction in Walgreens’ corporate workforce in May 2023. By any measure, the retailer has been having a difficult year: In May 2023 Walgreens agreed to a $230 billion settlement with the city of San Francis

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Nearly three-quarters of holiday shoppers plan to buy from small businesses: survey

RetailDive

Independent businesses offer a better customer experience and more unique merchandise than their larger counterparts, a new survey found.

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NRF, CNBC Join Forces to ‘Modernize How Retail Sales are Tracked and Measured’

Retail TouchPoints

The National Retail Federation (NRF) and CNBC have teamed up to launch a new retail sales tracker, the CNBC/ NRF Retail Monitor. The new tracker aims to offer more accurate and timely insights by using actual, real-time debit and credit card purchase data from Affinity Solutions , which compiles data from more than 140 million credit and debit cards and nearly 9 billion transactions annually.

Retail 264
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Dr. Martens Welcomes Giles Wilson as New CFO

365 Retail

Dr. Martens plc has announced the appointment of Giles Wilson as the Chief Financial Officer (CFO), set to take up his role in 2024. Giles Wilson, an accomplished CFO, transitions to Dr. Martens from William Grant & Sons Limited, a leading global spirits company with prestigious brands like Glenfiddich Scotch Whisky, The Balvenie Whisky, and Hendrick’s Gin under its belt.

Events 104
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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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How to create a contact form in WordPress (for ecommerce)

Omnisend

Reading Time: 13 minutes It’s a common belief that displaying an email address on an ecommerce site is sufficient for customer communication. Many often question the significance of featuring an ‘extra’ contact form. However, this perspective overlooks the unique benefits that contact forms provide. A contact form ensures that customer inquiries are consistent and easy to manage.

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Top Shopify Updates in Editions Summer ’23

Practical eCommerce

Shopify's latest Editions rundown included 100 new platform features. Our correspondent chooses his top six. The post Top Shopify Updates in Editions Summer ’23 appeared first on Practical Ecommerce.

Shopify 101
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2023 Retail Sustainability Awards

RIS News

The inaugural Retail Sustainability Awards, presented by Retail Leader and RIS News, recognize the innovators and change makers who have made sustainability an integral part of how they do business.

Retail 99
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Ecommerce Product Releases: Nov. 13, 2023

Practical eCommerce

This week: composable commerce, AI-powered shopping, open banking, tax compliance, cross-border logistics, holiday shopping promotions, more. The post Ecommerce Product Releases: Nov. 13, 2023 appeared first on Practical Ecommerce.

eCommerce 101
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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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Party City-owned balloon supplier files for bankruptcy

RetailDive

Anagram entered Chapter 11 amid uncertainty around its supply contract with the retailer, which is its corporate parent and largest customer.

Supplies 114
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Tyson Foods Projects Lower Sales Amidst Falling Meat Prices and Demand

RetailWire

Tyson Foods presented a slightly gloomy forecast for the next fiscal year, predicting revenue below Wall Street's projections.

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Beyond Yoga opens first store outside of California

RetailDive

The 1,700-square-foot space opened in Chicago’s Fulton Market District and marks the Levi Strauss-owned activewear brand’s sixth location.

Marketing 110
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Tractor Supply, Allbirds, and TUMI Upgrade Tech Capabilities: Forecasting and Replenishment, Demand Planning, and Clienteling

RIS News

The retailers continue to invest in retail technology to modernize their enterprises as they look to gain real-time visibility, streamline operations, and enhance the consumer experience.

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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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Grove Collaborative’s DTC active customers decline amid profitability focus

RetailDive

Operating expenses dropped 38.5% in Q3 and the company's new CEO Jeff Yurcisin told Retail Dive that reining in marketing spend is the right long-term decision.

Customer 101
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Water Spiders, Amnesty, and Stow: A Glimpse Into Amazon’s Tech-Fueled Fulfilment Centers

RIS News

Amazon is known for its extensive delivery networks. In a recent blog post, the retail giant sheds light on the processes fueling these capabilities, the team members keeping orders flowing, and the technologies underpinning it all.

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Shein to host holiday pop-up in Forever 21’s Times Square store

RetailDive

Shein’s “Home for the Holidays” in-store experience demonstrates a deepening relationship with another fast-fashion retailer.

Fashion 107
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Generative AI Will Displace Frontline B2B Marketing Jobs, And You’re Not Ready

Forrester eCommerce

Generative AI, as it stands today, is a minimally viable solution for frontline marketers. But that’s going to change. Generative AI will revolutionize frontline B2B marketing, offering both opportunities and threats to the status quo. Forrester forecasts that automation and AI overall will replace 4.9% of US jobs by 2030.

B2B 90
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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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Luxury furniture rental company Vesta acquires Fernish and Feather

RetailDive

The three companies will operate as separate brands under one banner, “Showroom,” which will continue to seek out additional acquisitions.

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How CIOs Can Cut Through the Gen AI Noise: Gartner

RIS News

Regardless of where they are in their gen AI journey, CIOs have a major role in how they shape AI, and how AI shapes organizations, per Gartner.

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2023 holiday ecommerce sales surge to bring a tide of chargeback volume

RetailDive

Discover strategies to protect your revenue and optimize how your departments work together in this guide to scaling operations and embracing automation for a more profitable year-end.

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‘No Receipt, No Return’ Policies Are Major Missteps for Retailers

RIS News

To prevent return fraud and abuse without punishing honest customers for the deeds of a few bad actors, retailers must turn to artificial intelligence.

Retail 86
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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.