Thu.Jan 04, 2024

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Understanding Economy Pricing: Is It the Right Strategy for Your Business?

Wiser

Companies continually grapple with the best approach to set prices that would not only cover costs but also attract and retain customers. One such approach to consider is economy pricing. Adopting certain pricing strategies could mean the difference between a thriving business and one that struggles to keep its doors open. The question that arises, however, is whether economy pricing is the right fit for every business.

Consumer 145
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Can the Last Mile Become a Fast Mile? Drone Delivery Could Make it Happen

Retail TouchPoints

Despite now being a regular occurrence around the world, for many, drone delivery still carries an aura of sci-fi mysticism. A recent study by Northwestern University found that drones and ground-based robots are particularly off-putting for consumers — even compared to other automated delivery options like self-driving cars. But that skepticism is increasingly at odds with other consumer demands, for sustainability, reductions in urban congestion, convenience and speed.

Consumer 286
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Generative AI is supercharging retail, what does this mean for consumers?

Inside Retail

AI is a non-negotiable for retailers. As the driving force behind a new era of hyper-personalisation, efficiency and sustainable retail experiences, its impact on the way we shop cannot be understated. So as more and more retailers integrate the benefits of AI into their growth strategy, what will be next for this transformative technology? And how will it shape the way we shop?

Consumer 266
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CVS Revamps Loyalty Program into Simplified Two-Tier Offering

Retail TouchPoints

CVS Pharmacy has evolved its loyalty program into two simplified membership tiers : the free loyalty tier will remain branded as ExtraCare, while the paid membership — previously called CarePass — has been rebranded as ExtraCare Plus. Launched nationwide in 2019 , the newly renamed ExtraCare Plus program currently has more than 6.5 million members, on top of the more than 74 million members of the basic ExtraCare program.

Shipping 275
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Modernizing the Frontend Experience on Salesforce Commerce Cloud

Unlock agility, boost performance, and gain control over your Salesforce frontend with the latest masterclass from Composable.com : Modernizing the Frontend Experience on Salesforce Commerce Cloud Featuring experts from Algolia, Ember, Netlify, and Stripe, this masterclass focuses on practical strategies for optimizing your Salesforce Commerce Cloud storefronts using modern composable commerce integrations.

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Apple Lawsuit Settled Over iTunes Gift Card Scams

Retail Wire

Apple is settling a lawsuit that accused the tech giant of allowing fraudsters to exploit its iTunes gift cards and pocket a portion of the stolen funds.

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Fueled by Discounts and BNPL, Online Holiday Sales Grow 4.9%

Retail TouchPoints

Online holiday sales increased 4.9% YoY, reaching $222.1 billion for the period from Nov. 1 to Dec. 31, 2023, according to Adobe Analytics. November’s sales total of $123.5 billion topped December’s $98.6 billion , fueled by strong Cyber Week sales of $38 billion. Consumers responded to steep discounts in key ecommerce categories, including electronics, where discounts peaked at 31% off listed prices (versus 25% in 2022); toys ( 28% versus 34% last year); and apparel ( 24% versus 19% ).

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New regulations make it harder to access vapes. Here’s what’s changing

Inside Retail

This year the Australian government is introducing a series of measures to restrict the availability of vapes, starting today. The new reforms address loopholes in the current laws that allow easy access to highly addictive, flavoured, cheap, and harmful vaping products that are marketed to kids. Vaping products will still be available through a prescription for anyone using them to quit smoking.

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Xerox Announces Restructuring, Including 15% Workforce Layoffs

Retail Wire

In a significant shift in strategy, Xerox, a global powerhouse in digital printing and document management, announced that it will reduce its workforce by 15%.

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Squigs Beauty, the Ayurvedic-inspired brand changing the game

Inside Retail

Nikita Charuza is a fashion and beauty editor turned entrepreneur who recently launched a beauty brand inspired by Ayurveda, a traditional Hindu system of medicine. Here, she shares how her cultural background and insider knowledge of the beauty industry helped her build the brand from an idea to an industry-disrupting reality and her upcoming goals for the year ahead.

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TGI Fridays Abruptly Closes 36 Restaurants

Retail Wire

Restaurant chain TGI Fridays has abruptly closed 36 restaurants as part of the brand's ongoing growth strategy.

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Website Security Essentials: Protect Your Site and Strengthen Cybersecurity

In a digital-first world, website security is non-negotiable. This comprehensive guide explores the critical importance of securing your site against hackers and vulnerabilities like SQL injection, XSS, and malware. Discover tools like SiteLock for threat monitoring and CodeGuard for seamless backups, ensuring robust protection for your data and operations.

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Starbucks Extends Reusable Cup Program Across U.S. and Canada

Retail TouchPoints

Starbucks will now fill customers’ own clean cups with their favorite drink, whether they’re ordering in-store, via mobile or at a drive-thru. The retailer has been testing the reusable model in multiple markets since 2021 and expanded the program to stores in 12 Northern California locations in August 2023 , and it’s now available nationwide and in Canada.

Location 164
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Oakberry eyes Australian expansion after $100 million capital infusion

Inside Retail

Brazilian-founded Acai brand Oakberry is planning to expand its store network across many markets, including Australia, after raising $100 million (US$67 million) in Series C funding. The round was raised through funds managed by the Brazilian investment bank BTG Pactual – the largest investment bank in Latin America. The company said the funding will help accelerate its global expansion strategy, targeting more than $300 million in revenue and nearly 1000 stores worldwide by the end of this yea

Planning 162
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French Retailer Carrefour Stops Selling Pepsi & 7UP Over Prices

Retail Wire

One of the world's leading supermarket chains, Carrefour, is taking a firm stand against the rising costs of living and rampant inflation. In a bold move, the French retailer has decided to cease selling PepsiCo products, namely Pepsi and 7UP.

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Secrets to Successful Alcohol Delivery: How to Minimize Risk and Protect Your Business

Retail TouchPoints

In recent years, alcohol ecommerce surged throughout the U.S. as 27 states made legislative reforms to permanently allow or substantially extend some type of alcohol delivery during the COVID-19 pandemic. Between 2023 and 2027, ecommerce alcohol sales revenue in the U.S. is forecast to continuously increase by nearly 21%, with 2027 total revenue expected to reach $20.48 billion.

Marketing 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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Verizon Class Action Lawsuit: Could You Be Eligible for a $100 Settlement?

Retail Wire

Are you a Verizon Wireless customer? If so, you might have noticed an email about a proposed class action settlement.

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One-stop shop To Get is breaking down the barriers to online purchases of local produce

Inside Retail

Cindi Shaw founded To Get based on her belief that we should all be buying local to support our communities – and knowing that many shoppers want to support and purchase artisan food from purveyors in their areas. “With the support of UNSW Founders’ New Wave program, I was able to start testing the concept for To Get in 2021, in Sydney’s Eastern Suburbs,” Shaw explains.

Shopping 130
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Intel Has Joined Forces With DigitalBridge To Set Up Generative AI Firm

Retail Wire

Intel announced that it is setting up a new independent company focused on its generative AI efforts called Articul8 with backing from DigitalBridge Group.

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Party City balloon supplier Anagram exits bankruptcy

Retail Dive

In a deal with a group of investors, the balloon manufacturer will operate as an independent company and continue supplying Party City.

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Master Off-Page SEO: Boost Traffic, Build Trust, and Drive Conversions

Off-page SEO is the key to building trust, attracting qualified traffic, and boosting conversions. This guide explores how to leverage backlinks, guest blogging, social media, and influencer marketing to expand your website’s reach and authority. Discover the synergy between on-page and off-page SEO, ensuring your site is optimized for success. Learn how to create valuable content, engage with online communities, and track your progress to fine-tune your strategy.

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T-Mobile Includes Hulu With Ads in Go5G Next Plan

Retail Wire

T-Mobile announced that starting on Jan. 24, its Go5G Next plan is getting even more exciting with the addition of Hulu (with ads).

Planning 130
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Christmas footfall drops after December washout

Retail Gazette

Footfall across the UK fell last month after December’s heavy rain pushed shoppers online, the latest data by the British Retail Consortium (BRC) and Sensormatic IQ shows. Total footfall dropped 5% in the five weeks to December 30, down from a 1.7% fall in November, dragged down by a 7.4% plummet in shopper numbers in Shopping centres. Retail parks experienced a 4.8% fall in footfall, while high street saw shopper numbers sink 4.2% over the Christmas period.

Shopping 122
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Premade Charcuterie Boards From Sam’s Club Pose Salmonella Risk

Retail Wire

Fratelli Beretta USA, Inc. has recalled Busseto Foods brand charcuterie boards due to possible salmonella contamination.

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Tesco and The Entertainer extend partnership to 850 stores

Retail Gazette

Tesco and The Entertainer are extending their partnership to cover the entire grocer’s UK and the Republic of Ireland business from March. Tesco customers will be able to buy The Entertainer’s range of brands including Barbie, Nerf and LOL as well as their exclusive ranges Addo brand and Early Learning Centre in stores across the UK and ROI.

Grocer 119
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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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Ford Recalls Almost 113K F-150 Pickup Trucks Due to Rear Axle Issue

Retail Wire

Ford is recalling nearly 113,000 of its highly sought-after F-150 pickup trucks (in particular those from 2021 to 2023) due to concerns about a rear axle hub bolt that may cause the vehicle to break down and lead to an accident.

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Peloton brings fitness classes to TikTok in bigger push for Gen Z

Retail Dive

A co-branded content hub will reinforce the embattled fitness marketer’s recently introduced brand positioning around accessibility.

Marketing 119
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Moroni Ciovini and Ana Montero expose textured concrete walls in Buenos Aires shop

Dezeen

Local architecture studio Moroni Ciovini and designer Ana Montero have preserved the exposed layers of concrete wall for this bookstore and café in Buenos Aires. At just 247 square feet (23 square metres), Medio Pan cafe is just large enough to fit seating, a bar and bookshelves, which are located at the back and front of the store. Local studio Moroni++Ciovini and designer Ana Montero have completed a café and bookstore in Buenos Aires For the shop's interior, Moroni Ciovini (M++C) and Montero

Shopping 117
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Sainsbury’s invests £200m in ‘industry leading’ pay increase

Retail Gazette

Sainsbury’s is increasing colleague pay by 9.1% to £12 per hour and £13.15 in London following a £200m investment. The change will roll out in March, with 120,000 hourly paid colleagues benefiting from what the grocer claims is its single biggest ever investment into employee pay. The £200m brings Sainsbury’s total investment to over £500m across the last three years, with pay having increased by 50% since 2018 and by 9% in the past year in line with the Real Living Wage.

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Turn Your Website Into a Money-Maker: Tips for Small Business Success

Your website can be more than just a digital presence—it can be a thriving profit center. Discover proven strategies to monetize your website, whether you sell physical products, digital downloads, or services. Learn the importance of user-friendly design, high-quality content, and tailored marketing to meet audience needs and boost engagement. Explore options like e-commerce, affiliate marketing, and subscriptions, and use analytics to optimize for success.

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Walgreens slashes dividend as US retail drags in Q1

Retail Dive

Traffic and sales at the company’s U.K. Boots locations benefit from strength in beauty, while in the U.S. it’s more focused on healthcare services.

Location 114
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Asda store strikes postponed and c-store staff receive union recognition

Retail Gazette

An impending strike at Asda’s Gosport superstore has been postponed to allow for last-ditch talks to take place. The GMB trade union said on Friday that up to 100 employees are set to walk out on 15 th January, with additional dates scheduled for 29 th January and 11 th February. It added that it is hoping the talks will address the numerous issues in store, which Asda employees said have created a “toxic atmosphere”.

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Digital Brands Group expects to earn $27M in revenue in 2024

Retail Dive

The company, which is undergoing a strategic review, said it is working to boost shareholder value.

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Ocado kick-starts new year with 1,700 price cuts

Retail Gazette

Ocado has launched price cuts on more than 1,700 products under its Big Price Drop, with an average reduction of 5% across the range. The move makes it the fifth round of price cuts for the retailer since June 2023, taking the total number of products reduced to over 3,000. Products in the latest round of cuts include customer favorites such as M&S Italian Mozzarella, Nestle Shreddies and Ocado Houmous.

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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