Sat.Jan 02, 2021 - Fri.Jan 08, 2021

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How Retailers Can Strengthen Sustainability With Data-Driven Pricing Strategies

Retail TouchPoints

Sustainability is no longer a nice-to-have for retailers. It’s a must do if they want to meet consumers’ increasing demand for brands that prioritize environmental and social responsibility. According to Nielsen, the U.S. sustainability market is projected to reach $150 billion in sales by 2021, and nearly half of consumers say they would definitely or probably change their consumption habits to reduce their impact on the environment.

Markdowns 325
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How to leverage AI to foster growth for your Fashion Ecommerce store

I Love Fashion

Fashion Digital Marketing Agency. The advent of technology and digitalization have collectively been a concrete reason for the evolution of Fashion Ecommerce. Like other industry verticals, the Fashion eCommerce Marketing retail landscape has also endured a tangible change. Enabling consumers across the globe to shop their preferred commodities by leveraging flawless online transactions.

Fashion 111
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What is Prestige Pricing and Is It Right For You?

Wiser

Why are some people willing to pay seemingly sky-high prices for certain items? In some cases, it could be they believe price and quality are intimately linked. Or maybe they want to splurge on something to show off to their friends, display their status, or simply treat themselves to a bit of luxury. The consumer psychology around luxury is fascinating.

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Jason & Scot Show Episode 250 – Recap of Holiday 2020

Retail Geek

A weekly podcast with the latest e-commerce news and events. Episode 250 is a recap of the holiday commerce season, an update on #shipageddon, and other news from December. Subscribe: Apple Podcasts Google Podcasts Spotify Stitcher Podcast RSS SoundCloud TuneIn iHeartRadio Google Play Music Overcast Pocket Casts Facebook. ? ? ? ? ? This week we recap the commerce results for Holiday 2020 (including the data sources you can use to get a read for yourself), give an update on #shipageddon, and cove

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Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

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The Future of Retail is 3D

Retail TouchPoints

The repercussions to the traditional retail sector in the wake of the COVID pandemic are well documented and experienced far and wide. However, as social distancing reduces footfall and revenue in physical shops, placing malls and main streets at risk, ecommerce is experiencing record levels of growth. In the coming years, this booming online retail industry is set to be revolutionised by high-performance technology that’s more commonly associated with video games than digital shopping: implemen

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2021 Predictions for Retail and the Point of Purchase Industry

Frank Mayer

When I wrote the “ What’s in Store for 2020 ” blog last December, I could not have predicted what was to come in three short months. My closing statement promised a bright future for retail and the point of purchase industry in 2020. Instead, a worldwide pandemic shifted industry conversation from experiential retail and strategic partnerships to more simplified objectives like keeping customers and employees safe, store shelves stocked, and open signs lit.

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Inkloo – A Fashion Marketplace

I Love Fashion

Fashion Digital Marketing Agency. Inkloo is an online fashion marketplace endeavoring black-owned fashion brands to the enthusiasts who want to authenticate their wardrobe with captivating designer clothing. Founded by Dontaya Bobb, who has encountered a disconnect while entering the fashion industry and thus offering a perfect solution to the black designers for showcasing their brands while being an inclusive platform in the exclusive digital marketing in fashion industry.

Fashion 52
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Retail Sales Grew 3% Over Extended Holiday Purchase Period — And the Season Isn’t Over Yet

Retail TouchPoints

Preliminary holiday 2020 results have proven unsurprising so far: analysts expect modest year-over-year growth fueled by a massive increase in ecommerce activity across a longer-than-usual season. In fact, the impacts of the most unique holiday in decades are still being felt: retailers should plan for continued shipping delays in the short term, and also continue to refine their omnichannel operations as they prepare for the rest of 2021.

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Influencer Marketing – good or bad for your retail sales?

Retail Bound

Businesses are always looking for innovative ways to reach their customers. With an innovative marketing strategy, a business can improve brand recall leading to more customer loyalty and increased sales. Influencing marketing is one of the innovative strategies that brands have been using to reach and engage their customers. Studies show that close to seventy-five percent of marketers feel that influencer marketing is an effective way of driving quality traffic and leads, helping a brand increa

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Repsly in Review: 2020 Top Product Enhancements

RepslyBlog

While CPG brands across the globe were forced to re-examine the way they do business in light of the global pandemic, the Repsly team has stayed committed to continuing to improve our product and services in order to enable your field team to be as effective as possible in every key account. With that in mind, we’ve compiled a few of the top product enhancements that we rolled out in 2020 so you can make the most out of your investment in Repsly.

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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2021 Trends to Watch and Why

Medallion Retail

What have we learned in 2020? I suppose the most critical thing we all learned from 2020 (aside from baking a mean soda bread from scratch or becoming experts at Zoom calls) is that nothing stays the same. Finding our. The post 2021 Trends to Watch and Why appeared first on Medallion Retail.

ATS 52
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Walgreens Divests Wholesale Business for $6.5 Billion to Focus on Retail Offerings

Retail TouchPoints

Walgreens Boots Alliance will sell its Alliance Healthcare wholesale business to AmerisourceBergen Corporation for approximately $6.5 billion. The transaction will let Walgreens focus on its core retail pharmacy businesses, expand its offerings and accelerate progress on strategic priorities. Additionally, Boots and AmerisourceBergen will strengthen their strategic partnership by extending and expanding their commercial agreements.

Wholesale 306
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There are 3 types of category manager. Only one is of real use.

Shopper Intelligence

There are 3 types of Category Manager. Only one is of any real use. I’m not a classically trained Category Manager, I’m not sure many of us are. If you were lucky enough to be given formal training, or taught by someone who was, you’ll be familiar with the framework we all work to, more or less. If not then you may be a bit more “freestyle” and I applaud that.

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Retail Reborn Episode 1: How Trauma Transforms the Consumer Psyche

Retail Prophet

Via Business of Fashion. In Episode 1 of BoF’s new podcast series, Doug Stephens and social psychologist Sheldon Solomon PhD examine the impact of collective traumas like Covid-19 on consumer behaviour.

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Brick & Mortar Retail Relevance: How to Stay Ahead of the Curve

Speaker: Jay Black, Senior Account Executive

Let's set the record straight: in-store retail isn't dead - it's evolving! Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Join Jay Black in this exclusive session as he explores the strategies that set successful stores apart, including: Crafting unique and unforgettable in-store experiences 🛍️ Mastering the art of retail demands 🛒 Navigating inventory challenges in today's climate 📦 an

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5 Seasonal Merchandise Best Practices (2021)

Retalon

Seasonal merchandise planning carries a unique challenge for retailers, as product life cycles are measured in weeks or even days. . This is a problem because retailers plan their inventory months in advance — having almost no window to react to out-of-stocks or an unexpected up-lift in demand. With seasonal product life-cycles becoming ever shorter, retailers need more strategic and granular ways to plan their seasonal assortments so they can maximize revenue while minimizing markdowns.

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How to Launch a Lifestyle Business in the Age of Social Distancing

Retail TouchPoints

There’s no escaping it. Our lifestyles have been severely impacted by the novel coronavirus. Redundancies, layoffs, school closures — these are the reasons we find ourselves at home, unable to live the lifestyles we desire, and why many are seeking alternative avenues of income. How do we better our lives and create additional income streams during such unprecedented times?

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New Year, New World, New Approach to Marketing and Communications for Product Start-ups

Retail Bound

Setting yourself up for marketing/communications success in 2021 and beyond. 2020 is a year that we won’t soon forget. It’s a year that taught us all how essential toilet paper is to the fabric of society; a year that forced us to slow down and reevaluate our priorities; and a year that required everyone to become more comfortable with uncertainty and change.

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Maintaining the retail omnichannel edge in 2021

Retail Technology Review

By Nate Burke, CEO of Diginius. It’s that time of year again where we reflect upon the prior year and make informative predictions for the months ahead in order to adjust our business activities and refocus our strategies.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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5 Critical Steps to a Profitable Replenishment Plan (2021)

Retalon

An effective replenishment plan will drive profit. There is an age old saying, and it goes like this: “you don’t plan to fail, you fail to plan.” And what can be easier than planning replenishment? All you need to do is plan to replenish the products that you sell out of. Right? In reality, replenishment planning is a fairly complicated process that has to account for many variables, including logistics routes, timelines, availability, and cost.

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UPS Forecasts 23% Increase in Returns Compared to Peak 2020 Period

Retail TouchPoints

UPS expects to handle 8.75 million returns during the week of Jan. 4, 2021, a 23% rise from the highest volume return period in the 2019 peak-season cycle, according to Freight Waves. The surge is being attributed to the high number of ecommerce orders during the holiday season, along with the abundance of return options retailers are using to help manage traffic and let shoppers make returns safely.

Returns 282
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‘Infection protection’ – a new, but important shopper loyalty factor in 2021

Nelson Blackley

It’s been clear for some time that, because of fast changing customer behaviours, retailers can no longer rely on conventional customer loyalty or traditional shopping habits to have shoppers either choose to visit or return to their stores. Increased competition in most retail sectors in the UK, combined with an almost exponential growth in customer choice not only from where, but how and when, product can be purchased, means customer loyalty is much less tangible than twenty or thirty years ag

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How retailers can boost business in 2021 by building apps using low code tools

Retail Technology Review

By Malcolm Carroll, Director, BlueFinity. The COVID-19 pandemic has impacted many sectors with retail especially having felt the repercussions of the lockdowns and Tier restrictions on their footfall and their profits.

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Forrester Report: Demystifying The Technical Functions of POS Solutions

Understanding the intricate world of Point-of-Sale (POS) technology is a common challenge for tech buyers. When it comes to defining the functions of Point-of-Sale systems, the communications have yet to be standardized–—until now. Forrester’s new report, Demystifying The Technical Functions of POS Solutions, breaks through the noise and provides business leaders with the information and tools they need to evaluate the features of POS systems.

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How to Effectively Balance Inventory Across All Locations (2021)

Retalon

Optimizing your inventory balancing process is key to increasing ROI. Even the best-executed assortment strategy can lead to imbalanced inventory levels halfway through the season. An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans.

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How One Furniture Brand Brings the Circular and Service Economies Together

Retail TouchPoints

The pandemic has normalized working from home, creating a ripple effect in the business world. It has encouraged many organizations to rethink their telecommuting practices, shrink the size of office spaces and, in some cases, shutter offices completely. More than half of Americans want to continue working remotely, which has encouraged 21 major companies, including Google, Uber, American Express and Airbnb to extend their work-from-home policies , according to Business Insider.

Consumer 279
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Filter Manufacturer Gets Production Under Control with Cloud ERP

Global Shop

Liquid filter bags are essential for filtering out contaminants in industrial water systems and chemical processing equipment. Industrial Filter Manufacturing Ltd (IFM), located in Penetanguishene, Ontario, Canada, has been making standard and custom filter bags for over 40 years. They’re now making them more efficiently thanks to their implementation of Global Shop Solutions ERP software.

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What does the future hold for retailers?

Retail Technology Review

Shopping habits are changing, and retailers are doing an exceptional job at keeping up and adjusting their business models with the help of technology to meet these ever-changing shifts. With many high streets still struggling but the desire to shop local remaining strong, retailers are looking at a very different future than they would have imagined this time last year.

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib

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Farmacorp Taps Audit Solution to Improve On-Site Inspections and Corrections

Retail TouchPoints

Farmacorp , a Bolivian pharmacy chain, will deploy Reflexis Systems ’ Q-Walk store audit solution at more than 100 stores, to streamline on-site inspections and automatically prescribe corrective tasks. This will help managers quickly understand how a specific location is performing compared to corporate expectations and peer stores, helping them prioritize which locations to visit.

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Emerald Acquires Outdoor and Sporting Goods-Focused B2B Purchasing Platform

Retail TouchPoints

Emerald Holding has completed its acquisition of PlumRiver LLC , an international provider of software-as-a-service (SaaS) technology through its Elastic Suite solution. The Elastic Suite platform streamlines the wholesale buying process for both brands and retail buyers, offering a digital year-round transactional platform for use by Emerald’s customers.

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Brookfield Plans to Go Private in $5.9 Billion Deal

Retail TouchPoints

Brookfield Asset Management has proposed to take its mall operator arm private in a deal valued at $5.9 billion. The company plans to offer $16.50 per share to buy out stakes that it doesn’t already own in Brookfield Property Partners LP and Brookfield Property REIT. The board of directors of Brookfield Property Partners has formed a committee of independent directors to review the proposal.

Planning 279
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MARQUE Luxury Continues U.S. Expansion with New York Showroom

Retail TouchPoints

Seeking to take advantage of a growing resale market, pre-owned designer goods reseller MARQUE Luxury has opened a New York showroom located at 261 Fifth Ave., marking the retailer’s first location in the northeast and its third on the East Coast. Throughout the U.S. and online, MARQUE showrooms carry luxury brands, including labels such as Chanel, Louis Vuitton and Gucci, among others.

Wholesale 278
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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.