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LVMH, L’Oréal Invest in Social Selling Platform Replika

Retail TouchPoints

Social commerce company Replika Software has closed its Series A financing round with an undisclosed amount of funding from the investment arms of luxury house LVMH and beauty brand L’Oréal. We’re thrilled to have their support as we enter this phase of growth and lead the industry toward humanizing online shopping.”

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Meta, Amex and TikTok Offer Holiday Help to Small Businesses

Retail TouchPoints

Amex also has partnered with musical artist Chlöe Bailey to create a “Shop Small Soundtrack” that TikTok users can add to their content. Shopping small has a significant impact on helping local communities, with two-thirds of every dollar spent at small businesses staying within the local community. small business owners.

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Squad shopping and self-improvement: Five consumer trends to watch in 2023

Inside Retail

Indeed, as inflation continues to have a negative effect on household finances, many consumers are seeing their pandemic-era savings decline. Indeed, some are looking for opportunities to socialise during e-commerce experiences. An example is squad shopping, where users collaboratively shop with friends in virtual environments.

Consumer 130
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With U.S. Livestreaming on the Rise, Firework Raises $150M in Fresh Funding

Retail TouchPoints

Livestreaming platform Firework has secured $150 million in Series B financing led by SoftBank Vision Fund 2 , bringing its total funding to-date to more than $235 million. market will more than triple by 2024 to reach $35 billion.

Finance 313
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How Natori Used AI to Sharpen Retargeting and Achieve a 943% ROAS

Retail TouchPoints

She left a prestigious Wall Street position to start the company; similarly, Ken left a career in finance to join the company in 2007. A lot of brands out there have sold to bigger shops where the bottom line is king, but we’re more about our reputation and the product we put out.

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Exclusive Q&A: Venmo GM on the Company’s ‘Natural Extensions’ into Business Payments

Retail TouchPoints

McKinsey calls this embedded finance — when a financial product or solution is placed in a non-financial setting, for example on a social media platform or in a store (private label credit cards are one old-school example). Denise Leonhard, VP and GM, Venmo.

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It’s not e-commerce anymore – it’s just commerce

Inside Retail

Australia Post’s 2022 e-commerce industry report told us that online retail sales represent around 20 per cent of total retail sales , with shopping habits being reformed during the pandemic. Secondly, having a strong e-commerce channel enables customers to find products online that they may have struggled to locate in-store.