Wed.Jan 17, 2024

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Life Cycle Pricing: A Strategic Move for Your Business?

Wiser

Pricing plays a critical role in determining a product’s market position, sales growth, and profitability. A well-thought-out pricing strategy can be the difference between a product that flies off the shelves and one that lags behind. One such strategy that has gained traction for its effectiveness is life cycle pricing. Life cycle pricing is a dynamic approach that considers the various stages a product goes through, from introduction to the decline stage.

Games 140
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CMOs Share A Toast To 2024

Forrester eCommerce

Last night I participated in Tinuiti’s Bold Predictions & Bold Wines, a fun way to learn about wines before holidays with the family while also discussing opportunities for CMOs in 2024. I learned some really great tips which are too good not to share: When it comes to measurement, listen, learn, and lean in.

Customer 362
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The Pet Food Market is Changing: Grab it by the Paws

Retail TouchPoints

The relationship between dogs and humans can be traced as far back as 30,000 years ago. But our four-legged friends no longer help us hunt, and instead we send them Valentine’s cards (Moonpig reported a 30% year on year increase this year). Pets have never had a bigger role in our lives. Not only are we welcoming more furry friends into our homes, with 3.2 million households adopting a pet over the pandemic alone, 85% of us now see them as part of the family.

Marketing 277
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2023 Canada Net Promoter Score (NPS) Rankings: Industries Lose Gains Made in 2022

Forrester eCommerce

Forrester just published The Canada Net Promoter Rankings, 2023 report, which includes the Net Promoter Score℠ (NPS) and industry rank for 100 brands across nine industries.

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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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The RealReal Powers Up its Consignment Business with Digital ID Integration

Retail TouchPoints

Luxury resale marketplace The RealReal has partnered with digital ID platform Eon and joined its Eon Exchange , an ecosystem of integrated apps, partners and services. Through this integration, The RealReal hopes to streamline the process of consigning items on its marketplace. Owners of luxury fashion items from Eon’s network of brand partners will be able to scan their item to access its history, including provenance and previous sale history, and will now be given the option to consign with

Fashion 264
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Lessons In Risk Management From NASA’s Space Security: Best Practices Guide

Forrester eCommerce

Securing technology is hard. It’s another challenge entirely when that technology operates off our planet. Space systems — a combination of ground systems, space vehicles, and networks designed to perform space-based tasks — are comprised of complex, interconnected technologies that require their own discipline of resilient engineering. And it depends on risk management.

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Global Martech Spending Will Reach $148 Billion In 2024

Forrester eCommerce

Marketing technology (martech) is the engine that powers marketing strategies. It encompasses tools and solutions to execute, automate, and optimize marketing efforts. Investment in martech has become a priority in recent years as companies seek to engage with their customers more effectively and improve marketing performance.

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How Drew Barrymore Embraces the Intersection of Accessibility, Affordability and Innovation

Retail TouchPoints

Actress, producer and TV personality Drew Barrymore can certainly afford premium kitchen and home items — and she often looks to them for her personal inspiration — but she shies away from paying premium prices. She’s also well aware that many others don’t have the option of paying top dollar for a knife or a coffeemaker. That’s a major reason that she and her business partner strive to offer “accessible premium” products for the Beautiful by Drew brand through a retail partner that has signific

Consumer 147
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Secrets of Email Segmentation

Practical eCommerce

Segmenting emails puts the right offers and messaging in front of the right people at the right time. The post Secrets of Email Segmentation appeared first on Practical Ecommerce.

eCommerce 104
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Ikea to Open 4 More ‘Plan and Order Point’ Stores in 2024

Retail TouchPoints

Ikea , which debuted its Plan and Order Point store format in Dallas in November 2023 , will add four additional locations this year, with more to follow. Smaller than traditional Ikea brick-and-mortar locations, these stores offer design consultations and serve as customer pickup points. The new Ikea stores will be located in Austin, Texas (scheduled for summer 2024), the Atlanta metro area, and two locations in greater Los Angeles.

Retail 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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Sports Direct Opens New Store in Belfast’s Boucher Retail Park

365 Retail

The retail scene in Belfast welcomes a new addition with the opening of a Sports Direct store in Boucher Retail Park, an initiative of Frasers Group plc. Occupying 35,000 square feet, this new store represents a significant upgrade from its previous location within the same park, enhancing the shopping experience for local customers. Set in a modern and spacious environment, the store brings together an extensive selection of sports and lifestyle brands.

Leisure 104
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Retailers to use AI for marketing, financial forecasting: survey

RetailDive

Major retailers and consumer packaged goods companies foresee their sales growing or remaining the same from last year, the report found.

Retail 123
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Parfetts brings back Yates’s Original Australian Wine.  

TalkingRetail

Yates’s Original Australian Wine is returning to Parfetts. The beverage, sometimes referred to as ‘Aussie White’, is a blend of Australian wines and grape brandy and has been a favourite in the UK for decades. Wholesaler Parfetts has sourced the fortified wine in response to… This story continues at Parfetts brings back Yates’s Original Australian Wine.

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‘It’s going to be a very tough year’: Casper CEO on the home goods market in 2024

RetailDive

The executive, along with Brooklinen CEO Billy May, discussed recent challenges in the sector and how to usher the brands into the next era of growth.

Marketing 117
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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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Crate & Barrel Launches Cross-Brand Registry

RIS News

The shared registry will include access to a wide range of products, from KitchenAid and Le Creuset exclusives at Crate & Barrel, to nursery items and designer entertainment pieces.

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Ulta topped $10B in sales last year. How the beauty retailer stays relevant

RetailDive

CEO Dave Kimbell discussed recent innovations the retailer has introduced and why the beauty category is expected to remain strong.

Retail 118
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What brands need to know about conquesting at Walmart

Profitero

Walmart has rolled out a major change to its retail media offerings: brands can now bid on competitor brands’ keywords for search, display and video ads. Brands will have the first 2 positions on top of search reserved for their items, but competitors can claim other available sponsored spots if they outbid. What's the takeaway for brands selling at Walmart?

Other 78
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Eighth Day names beauty veteran Savannah Sachs CEO

RetailDive

The luxury skin care company, which recently received funding from L Catterton, is bringing on the former chief executive of Tula for its top role.

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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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Rewiring Retail Workforce Management Through Intelligent Automation

RIS News

In this transcript, RIS News editor Maia Jenkins talks with Michael Spataro, chief customer officer at Legion, about how generative AI is transforming workforce management by intelligently automating tasks such as forecasting and scheduling.

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Retailers hone in on improving the checkout experience

RetailDive

Leaders from Wayfair and SSENSE discussed how they are spearheading good CX by emphasizing a smooth digital checkout at NRF 2024.

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Leadership Changes at Carter’s, Gap, and Lowe’s

RIS News

Carter’s and Lowe's announced changes due to retirements, while Gap announced two C-suite appointments. Get the details.

85
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Elevating retail operations with Jamf strategic partnerships

Jamf on Retail

Jamf partners up with our allies in the retail space to enhance the customer retail experience. Read this blog to learn more about how Jamf and our partners can make a difference.

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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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Hello Bello names new CEO

RetailDive

Will Righeimer will lead the Kristen Bell and Dax Shepard-founded baby brand after it was bought out of bankruptcy last month.

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New PPDS Publisher app brings seamless creative content creation and scheduling to Philips B-Line 4K Business TVs in retail

365 Retail

PPDS, the exclusive global provider of Philips Professional Displays and dedicated AV software solutions, is delighted to announce the global launch of ‘PPDS Publisher’, an exciting new app designed to help retailers maximise store engagement with customers, providing effortless content creation and scheduling opportunities on Philips B-Line 4K Business TVs.

Retail 62
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Lowe’s names new EVP of supply chain

RetailDive

The home improvement retailer promoted company veteran Margi Vagell to take over for the retiring Don Frieson.

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ISE Celebrates 20th Anniversary with Sofia Crespo’s Projection Mapping Event at Casa Batlló and Keynote Address

365 Retail

To commemorate the 20th anniversary of ISE and the 200th anniversary of Passeig de Gràcia, one of the major avenues in Barcelona and home to Casa Batlló, Integrated Systems Europe (ISE) is sponsoring a projection mapping on the façade of the iconic Gaudí building. Following Refik Anadol’s mappings in 2022 and 2023, Casa Batlló has once again invited a renowned digital artist to transform the building into a canvas for technology-driven art.

Events 62
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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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Jay Javid’s PGNJ opens 11th store

TalkingRetail

Nisa partner PGNJ’s newest store in Rutherglen – Nisa Local Wee Mill - will be the first to take electronic shelf labelling, which includes larger digital displays for promotions.

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Four New Revenue Options For Restaurants Dealing With Dwindling Footfalls

RetailMinded

The restaurant business has always been a tough nut to crack, but things have hit a whole new level of challenging ever since the pandemic. Even well established restaurateurs are now grappling with dwindling footfalls, inflationary pressures, and rising rents and wages, among a slew of other factors, that are slowly, but surely running them out of business.

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Industry experts respond to surprise uptick in inflation

TalkingRetail

Industry analysts have responded to the surprise inflation rise to 4% in December 2023, up from 3.9% in November, largely driven by rises in the price of cigarettes and alcohol.

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Choosing the Best retail POS system for Your Business

iVend

Retailers rely on technology – and at the very core of successful retailing is a retail POS system, enabling smooth customer transactions and capturing key data about sales and shoppers. Choosing the right POS solution is an important decision – top POS software platforms offer the potential to transform * a retail business, increasing efficiency, growth and profits.

POS 52
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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.