Tue.Dec 05, 2023

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10 Strategies To Reduce Your Shopping Cart Abandonment Rate | Salsify

Salsify

You’ve done audience research and created campaigns that target your ideal market. You’ve captured consumer interest, guided them to your website, and prospective buyers have put your products into their digital shopping carts.

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Confronting Clinician Burnout With Confidence Takes More Than Tech And System Changes

Forrester eCommerce

As your organization confronts clinician burnout and looks to support your employees’ well-being, consider these top takeaways from ICD Healthcare Network’s Burnout Symposium.

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Why UK Retailers Should Save Some of Their Christmas Marketing Spend for Chinese New Year

Retail TouchPoints

Christmas in the UK is already in full swing. The UK remains a global shopping destination and traditionally sees a significant influx of tourists during the Christmas season. Retailers naturally plan a lot of spend around this, with extra staff and extra marketing. But this year it makes sense for those retailers to save a little for another holiday period just a few months away: Lunar New Year.

Marketing 273
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Re:Invent 2023 — Is AWS In Unfamiliar Territory As Follower?

Forrester eCommerce

AWS re:Invent 2023 had many of the usual trappings: lots of Las Vegas glitz, energy from loyal customers, a vast array of partners, more than 200 service announcements, and the combined energy of 55,000 attendees.

Customer 221
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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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Judge Rules Amazon Engaged in Anti-Union Activities in New York

Retail TouchPoints

The National Labor Relations Board (NLRB) has won a ruling against Amazon for harassing employees seeking to unionize its JFK8 and DYY6 fulfillment facilities in Staten Island, N.Y. In a Nov. 21 ruling , Administrative Law Judge Lauren Esposito found that Amazon had violated the National Labor Relations Act by dismissing employees early, altering employees’ work assignments and subjecting employees to closer supervision in retaliation for their support for the Amazon Labor Union.

Banking 264
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Europe-5 Retail Sales Trends And Outlook

Forrester eCommerce

We recap a few European retail sales trends over the last few years and in 2023.

Retail 243

More Trending

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Europe-5 Retail Sales Trends And Outlook

Forrester eCommerce

We recap a few European retail sales trends over the last few years and in 2023.

Retail 221
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CVS Launches Programs to Add Transparency to Prescription Pricing

Retail TouchPoints

CVS Health will launch a new model for pharmacy reimbursements designed to bring greater transparency and simplicity to the system. CVS CostVantage, which the company plans to launch in 2025, will define the drug cost and related reimbursement with contracted pharmacy benefit managers (PBMs) and payors, using a transparent formula built on the cost of the drug, a set markup and a fee reflecting the care and value of pharmacy services.

Consumer 264
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AI Tools to Analyze Complex Documents

Practical eCommerce

Deciphering a long or complex document is daunting and time-consuming. Enter AI. The post AI Tools to Analyze Complex Documents appeared first on Practical Ecommerce.

Document 111
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Inside Hy-Vee’s RedMedia Expansion: From the Sofa to the Store

Retail TouchPoints

Although Hy-Vee has offered different components of retail media for some years, it has “been building in earnest” and officially launched Hy-Vee RedMedia , its full-scale retail media network early this fall, according to Jessica Enos, SVP of Retail Media for Hy-Vee, Inc. Hy-Vee is prioritizing this growth area through a strategic partnership with Samsung that allows the supermarket chain to bring dynamic ads and content into stores, as well as through a robust network of Samsung Connected TVs

Channel 264
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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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How to Break Even on Customer Acquisition

Practical eCommerce

Increasing first-time order values can recoup the cost of aquiring that buyer. The post How to Break Even on Customer Acquisition appeared first on Practical Ecommerce.

Customer 110
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Walmart Canada will Spend $1 Billion this year Supporting Ongoing Modernization Effort

Retail TouchPoints

Walmart Canada will invest nearly $1 billion this fiscal year (which ends Jan. 31, 2024) as part of its multi-year modernization plan, including the unveiling of a “Store of the Future” in Mississauga, Ontario, the debut of the first Walmart Health Hub in Canada, more than $300 million spent on store remodels and renovations, and an expansion of the retailer’s fulfillment network to enhance the ecommerce experience.

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Sam’s Club adds 2 more distribution centers to its 2024 lineup

RetailDive

The St. Louis and Minneapolis facilities are slated to open in January and March, respectively, building on the Walmart-owned retailer’s plan to advance its end-to-end supply chain capabilities.

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Uber Unwraps Holiday Services Including Store Pickup, Robot Reindeer

Retail TouchPoints

An illustration of the Store Pickup process. (Image courtesy Uber) Uber and Uber Eats have launched a suite of holiday-themed features and offerings available throughout December, including store pickup services for time-strapped holiday shoppers and a Gift Hub. With Store Pickup via Uber Connect, app users can arrange for an Uber courier to pick up and deliver prepaid items to themselves or a gift recipient.

Gifts 147
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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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Consumers state high intent to buy more online in 2024: survey

RetailDive

While Amazon is the preferred e-commerce retailer overall, Walmart is the top pick for online grocery shopping, a Bank of America survey found.

eCommerce 125
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Loss Leader Pricing: Powerful Tool or Slippery Slope?

Wiser

In the competitive world of retail, shoppers are always on the lookout for that elusive “too good to be true” deal. But what about from the perspective of brand manufacturers and retailers? Should they be equally eager to offer such enticing prices? This is where the concept of loss leader pricing comes into play. By strategically setting prices lower than the cost of production or acquisition, businesses can attract customers and generate foot traffic.

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Can Lululemon maintain its momentum?

RetailDive

Ahead of the brand’s Q3 report this week, Wells Fargo analysts downgraded their stock outlook, while other analysts raised their price targets.

Other 118
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Starbucks Reaches Record-Breaking Streak of Losses

RetailWire

Starbucks investors are feeling the heat as shares continue to cool.

Retail 141
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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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WKD launch WKD Vibe liqueurs

TalkingRetail

WKD is launching a range of liqueurs called WKD Vibe. The collection of both clear and creamy 15% ABV shots will expand the WKD brand footprint and aim to invigorate the shots category.

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Wish launches small parcel delivery service

RetailDive

WishPost Smart Parcel will allow shippers who don't sell on the e-commerce platform to use its logistics capabilities.

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Swarovski Opens Landmark Flagship Store in Seoul’s Dosan Park

365 Retail

Swarovski marked a new era in its retail journey with the opening of its first flagship store in Korea on December 1, 2023. Nestled in the vibrant Dosan Park in Seoul, this store represents a strategic move in Swarovski’s retail expansion, combining traditional luxury shopping with a nod to modern digital integration. Covering four floors and spanning 488 square meters, Swarovski Dosan Park is not just a store, but a destination.

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Rite Aid plans to sell 79 more stores

RetailDive

The drugstore chain has been shedding leases as a way to optimize its portfolio following its Chapter 11 bankruptcy.

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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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CVS Pharmacy Changes Reimbursement and Prescription Pricing

RetailWire

CVS pharmacy is set to revolutionize the landscape of prescription drug pricing by altering its pharmacy reimbursement model for prescription medications.

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Saxx taps new CEO

RetailDive

Tom Berry is set to lead the men's underwear brand and brings forward leadership experience from companies such as The North Face.

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Commerce Department Warns Nvidia About Overseas Markets

RetailWire

U.S. Secretary of Commerce, Gina Raimondo, recently sent a clear message to tech companies like Nvidia that are producing artificial intelligence chips.

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Last call for lottery retailers to switch to new owner

TalkingRetail

National Lottery retailers who have not registered with the new owners of the prize draw have been reminded they must do so in the next two weeks.

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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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Tax Savings Strategies For Indie Retailers

RetailMinded

As an indie retailer, a portion of your hard-earned income might be slipping through the cracks straight into the coffers of the tax collector. Whether you’re grappling with federal tax, pondering how to reduce your taxable income, or seeking ways to dodge the bullet of a higher tax bracket, this guide is your ally. Let’s dive into tax savings and explore strategies to significantly lower your tax bill this year.

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Mixed picture for food and drink sales as Christmas approaches

TalkingRetail

Food and drink sales are holding up against other retail sales despite consumer caution in the run-up to Christmas, according to the latest BRC-KPMG monitor. Total UK retail sales were up 2.

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How to Write a Good Review for an App

365 Retail

In an era dominated by technology, mobile applications have become integral parts of our daily lives. With a vast array of apps available, from productivity tools to entertainment platforms, leaving a review can significantly impact an app’s success. Constructive and thoughtful reviews not only aid developers in enhancing their products but also guide potential users in making informed decisions.

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New Salted Caramel Flavoured Milk from Delamere

TalkingRetail

Salted Caramel joins the existing flavours of Banana, Iced Coffee, Strawberry, Chocolate and Vanilla currently sell through independent retail and forecourts. Steven O’Connor, senior business growth manager at Delamere said: “This is a long-anticipated addition to our already popular range.

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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.