Retail TouchPoints

DECEMBER 25, 2023

People have been saying “Retail is dead” for several years now. The problem is it simply isn’t true. Multinational athletic apparel retailer Lululemon recently announced its net revenue increased 20% (on a constant dollar basis) to $2.2 billion for the second quarter of 2023 compared to the same period the prior year. Comparable store sales increased 9%, and the company’s gross margin increased to 58.8%.

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Customer Experience Customer Retail Point of Sale 282

RetailWire

DECEMBER 25, 2023

In the wake of a string of nationwide recalls, the reputable pet food manufacturer, Blue Ridge Beef is the latest to join the list. The company, on December 21, announced a voluntary recall of three of its pet food varieties following contamination concerns, as confirmed by the U.S. Food & Drug Administration (FDA).

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Practical eCommerce

DECEMBER 25, 2023

This installment includes new services for social commerce, buy-now-pay-later options, generative AI, video email, analytics, website builders, and more. The post Ecommerce Product Releases: December 25, 2023 appeared first on Practical Ecommerce.

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eCommerce 86

RetailWire

DECEMBER 25, 2023

The gaming industry in China is set for a shakeup. Smaller game developers are bracing for a potential blow while the online advertising sector anticipates decreased revenues, says UBS.

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Games 59

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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.

Electronics

RetailWire

DECEMBER 25, 2023

The year 2023 witnessed a surge in the prices of raw materials exposed to El Niño, with indicators pointing towards a considerable impact on consumers' spending in the months to come.

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Consumer Food and Beverages 59

RetailWire

DECEMBER 25, 2023

Experiencing holiday joy can be challenging for those without a place to call home. However, a Christmas tradition from Minneapolis is spreading happiness by filling stomachs and warming hearts.

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RetailWire

DECEMBER 25, 2023

In the heart of Springfield, Illinois, a haunting specter of a once-thriving industrial force resided for over 20 years. The Pillsbury Mills, once the central cog in Springfield's economic wheel, had become a vast, vacant husk by 2019.

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RetailWire

DECEMBER 25, 2023

Signaling the current status of inflation, the US core personal consumption expenditures (PCE) price index mildly climbed by 0.

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Marketing 52

RetailWire

DECEMBER 25, 2023

A recent report reveals an expected shift in the travel landscape by 2050 due to climate change, overtourism, and the potential disappearance of popular destinations.

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Travel 45

RetailWire

DECEMBER 25, 2023

Installment payments are a great way to stretch a dollar, but they can cause significant consumer debt.

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Consumer 52

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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.

Operations

RetailWire

DECEMBER 25, 2023

The sports footwear maker Nike announced plans to lower costs by $2 billion over the next three years as it shrinks its sales prospects, leading to a 10% drop in share price.

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RetailWire

DECEMBER 25, 2023

A Norwegian Cruise ship lost the ability to navigate after being hit by a rogue wave.

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Shipping 52