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Record Cyber Monday Sales Carry Glad Tidings for the Season

Retail TouchPoints

Amazon alone said it sold 1 billion products during its extended promotion period, which kicked off earlier than the traditional Cyber Week start of Thanksgiving Day, on Nov. million people visited physical retail locations, in line with the 122.7 million consumers opting to visit brick-and-mortar locations, up from 72.9

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As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

Add it all up and it’s clear that the timing duration, and location of holiday shopping is not like the old days. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? And don’t forget the shopper looking for that end-of-season deal.

Markdowns 249
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Five Below Appoints New COO to Help it Pursue Triple Double Growth Plan

Retail TouchPoints

Five Below has promoted CFO and Treasurer Kenneth Bull to the role of Chief Operating Officer, where he will focus on achieving the company’s Triple Double growth goals by optimizing its talent, systems and processes. Prior to joining Five Below, Bull served in senior finance roles at other retailers, including Urban Outfitters. “I

Planning 247
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Blockchain applications in retail

Inside Retail

Now, blockchain is building on the foundations of both by influencing everything from payments and loyalty programs to retail locations and supply chains. Building locations with blockchain You don’t need flashy graphics or expensive virtual reality headsets to enter the metaverse. Retail’s blocks used to be entirely brick and mortar.

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Gotham Greens Raises $310M+ to Cultivate Greenhouse Growth

Retail TouchPoints

Hydroponic greenhouse network operator and plant-based food provider Gotham Greens has raised more than $310 million in new capital, which brings the Certified B Corporation’s total financing to $440 million. a 540,000-square-foot hydroponic greenhouse grower located in Stevensburg, Va., million square feet , by 2023.

Finance 207
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Stater Bros. taps Mike Reed as SVP and CFO

Mass Relators

Markets has promoted Mike Reed to the position of senior vice president and chief financial officer. Reed succeeds Dave Harris, who recently retired as the retailer’s executive vice president of finance, CFO and principal accounting officer. The promotion is effective immediately. “It SAN BERNARDINO, Calif. Stater Bros.

Finance 52
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Retail Loyalty’s Moment is Now

Retail TouchPoints

Fortunately, there have been advances in both digital technology and customer analytics that dramatically enhance a retailer’s ability to personalize promotions and deliver them through the loyalty program framework. Location: Where is the customer right now? They can be in a store, at home or on the subway. Knowing