Thu.Dec 21, 2023

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Why Retailers’ Obsession with Conversion is Keeping Them from…Converting

Retail TouchPoints

It’s no secret that retailers and brands have become obsessed with driving conversion in their quest to recover the more than half of shoppers who abandon checkout before completing their purchase. After all, “conversion rate optimization” is one of the more common catchphrases in today’s retail industry. But too often, in trying to reach this final destination, retailers are missing out on the proverbial journey — and that journey is usually far more lucrative than the typical take-no-prisoners

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What are the Benefits of Oak Laminate Flooring?

Retail Focus

Laminate is becoming increasingly realistic and it has a huge number of benefits. If you have a busy household then laminate is a fantastic choice too. If you want to find out more about laminate or what benefits it has to offer then the only thing you have to do is take a look below. Easy Manufacturing Process One thing to know about oak laminate flooring is that it has a photo image that has several high-density and protective layers.

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7 Stories that Shaped 2023 — and What They Foretell for 2024

Retail TouchPoints

The editors of Retail TouchPoints are sharing our picks for the seven most consequential stories of 2023. As usual, there were lots to choose from — that’s standard for such a dynamic industry — but these were the topics that had “legs” (and are likely to continue to be important in 2024). 1. Resale Continued its Rise but Came Under Financial Scrutiny Consumers’ enthusiasm for secondhand goods, as well as other forms of more sustainable consumption like rental and repair services, showed no sign

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Walgreens Relies on Tech and Has To Build Up Its IT Department To Meet Its Goals

Retail Wire

Walgreens will need to build up its IT department to reach its goals of using tech to boost sales, scale its healthcare division, and remodel its stores to logistic hubs.

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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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Cultureverse: Creating Virtual Experiences with Intention and Impact

Retail TouchPoints

Walmart partnered with People of Crypto (POC) Lab to develop an interactive, virtual odyssey designed to commemorate Hip Hop’s 50th anniversary. The virtual experience is designed as a “choose your own journey” experience, where visitors can learn, network and simply enjoy the space, creating new opportunities for the retailer to blend “IRL” (in real life) and “IVL” (in virtual life) experiences.

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Warner Bros. Discovery & Paramount Global Reveal Potential Merger

Retail Wire

Warner Bros. Discovery and Paramount Global are reportedly in the preliminary stages of merger discussions.

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UK consumers believe AI-powered pricing and promotions add the most value to their buying journeys, research by Intellias reveals

Retail Focus

With rapidly increasing use and adoption of artificial intelligence (AI) in their day-to-day lives, UK shoppers are increasingly expecting retailers to leverage AI to improve their buying journeys, the latest research from Intellias , the global retail technology partner, reveals. Top 5 areas where AI delivers the most value to UK consumers:- 1 – Pricing and promotions – 28% 2 – Loyalty – real-time personalised rewards – 18% 3 – Product discovery when searchin

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Ulta to Debut Revamped Loyalty Program in the New Year

Retail TouchPoints

Ulta Beauty will kick off 2024 with a fresh look for its loyalty program a decade after its debut in 2014. Beginning Jan. 1, 2024, the Ultamate Rewards loyalty program will become Ulta Beauty Rewards , and along with the new name will come enhanced benefits for the program’s 42.2 million members that are designed to “foster deeper connections with current members and attract new loyalists.

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UK Court Says AI Cannot Be Recognized as an Inventor on Patent Applications

Retail Wire

A pivotal ruling took place this Wednesday as the U.K.'s highest court declared that AI can't be credited as an inventor in a patent application.

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The Christmas Song Retail Workers Hate Most is…

Retail TouchPoints

The holiday season brings joy, magic, beautiful decorations and a soundtrack of carols and standards that we revisit year after year. Sure, these tracks may get us in a festive mood, but for retail workers listening to them on what can feel like a truly endless loop they could also lead to madness. New research from customer feedback company HappyOrNot reveals that not all holiday hits are created equal for store associates.

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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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Wells Fargo Is the First Megabank With an Organizing Union

Retail Wire

It's been a week of interesting workforce decisions at two branches of Wells Fargo in the United States. At the New Mexico branch in Albuquerque, employees have voted to join a union.

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2023 in review: 8 stories that rocked retail this year

Retail Gazette

2023 has been an eventful year in the world of retail, from the collapse of a high street stalwart to eye-watering inflation. As the year comes to an end, Retail Gazette looks at some of the biggest stories that rocked the sector over the last 12 months. Wilko’s administration In perhaps the biggest retail story of the year, value giant Wilko plunged into administration in August.

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Toyota Safety Recall: Here’s What You Should Know

Retail Wire

A Toyota safety recall has been issued for certain models of Toyota and Lexus vehicles. The recall spans across an estimated 1 million vehicles sold in the United States between 2020 and 2022.

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Iceland sells 1p veg to shoppers over Christmas

Retail Gazette

Iceland is set to sell a range of frozen vegetables and fresh produce for just 1p in a bid to help their customers’ budgets go further this festive period. The offer will run at the supermarket for two days from 21 December to 22 December. The move comes as research commissioned by the retailer found 48% of Brits are worried about affording food shops in the lead up to Christmas.

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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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Biden Administration Gets the Ball Rolling to Write AI Standards

Retail Wire

The Biden administration has announced that it has started writing key standards and guidance to regulate the safe implementation of generative artificial intelligence.

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J.C. Penney Q3 sales decline, loss widens

Retail Dive

The department store said the $1 billion turnaround announced earlier this year has already boosted traffic and loyalty, but is it bold enough?

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Pioneering Micromobility Company Bird Global Declaring Bankruptcy

Retail Wire

Bird Global, the driving force behind green electric transportation, has recently embarked on a journey to revamp its financial structure.

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Akeneo Appoints Two Additional Members to the C-suite and Celebrates A Monumental Year Highlighting Significant Business Growth

365 Retail

Akeneo , the Product Experience (PX) Company and leading provider of Product Information Management (PIM) solutions, today announced two more additions to the C-suite team and that it has experienced a surge of growth and momentum in 2023. Throughout the year, the company expanded its offerings and sharpened its operations to enhance product experiences for brands, manufacturers, retailers, and distributors on a global scale.

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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.

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Rite Aid Barred From Using Facial Recognition Technology for 5 Years

Retail Wire

Rite Aid, the U.S. retail pharmacy chain, is facing a five-year ban on the use of facial recognition technology.

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External Reference uses 3D printing to create organic displays for La Manso store in Barcelona

Dezeen

3D-printed shelving structures informed by Catalan-modernist buildings were used for shelving in this store designed by External Reference for a Spanish jewellery brand. Experimental jewellery designer Adriana Manso asked Carmelo Zappulla's studio External Reference to develop a suitably unusual interior concept for her first physical store in the city.

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SiriusXM ‘Trapping’ Customers in Subscriptions, Says New York Attorney General

Retail Wire

Letitia James is fighting for SiriusXM customers, who she said were treated unfairly by the streaming giant.

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Ulta Beauty to expand and refresh loyalty program

Retail Dive

The loyalty program, which has over 42 million active members, will launch in January with a new name and an enhanced birthday gift experience.

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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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X Suffers Temporary Worldwide Outage

Retail Wire

The social media platform was unexpectedly down for one hour.

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Defining the Future of Multicloud Networking and Security: Cisco Announces Intent to Acquire Isovalent

Cisco Retail

When you think about software networking, at its core, it has two basic functions: (1) send traffic from A to B as quickly and efficiently as possible, and (2) move traffic from A to B but NOT to X,… Read more on Cisco Blogs

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Walgreens marketing chief let go amid last month’s layoffs

Retail Dive

Linh Peters had arrived last year from Calvin Klein, but was affected by the drugstore retailer's second workforce reduction of the year.

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How Food Globalization Serves Up the World on Your Plate

LS Retail

©iStock/SasinParaksa When people hear the word “globalization” they probably think of giant container ships, wonky economic terms like “offshoring” and “trade deficit,” or geopolitical tensions and agreements. And, to be sure, Cato’s Defending Globalization project covers all of that stuff and more. Yet, as Cato explains in a new essay for the project , there may be no better symbol of real globalization—and its many benefits— than the restaurant down the street.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

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Walmart outpaces Target, Macy’s for most recent holiday purchases: report

Retail Dive

A fourth of respondents to a new survey said their last holiday shopping stop was at the big box retailer, followed by Target and Kohl’s.

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2 tech innovations to supercharge the holiday shopping experience

Retail Customer Experience

One way that retailers can help ensure that wait times are kept to a minimum is by removing unnecessary steps and touch points.

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Shoppers use BOPIS to avoid holiday shipping delays: report

Retail Dive

Buy online, pickup in store accounted for one-fourth of online orders in the three weeks after Cyber Monday, according to Salesforce.

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Decathlon continues Russian sales despite promise to end operations

Retail Gazette

Decathlon has continued to sell products in Russia despite promising to end operations in response to the invasion of Ukraine. The sporting goods retailer sold its 60 Russia stores to local brand Desport in October as it faced mounting pressure to pull out. While the move was meant to end the brand’s Russian involvement, it continued to supply products to Desport, according to investigative website Disclose.

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How to Maximize Amazon Sales and Crush the Competition

With over 9 million sellers on Amazon, online marketplaces are more crowded than ever. Whether you’re looking to fine-tune prices in real-time or align strategies across channels, this guide provides the tools to understand how to maximize sales and secure a lasting competitive edge. Download now to transform your pricing strategy and drive holiday success.