Wooqer’s Post

Learn how the retailer, Michaels Stores, uses the cloud-based Manhattan Associates Active Omni unified commerce platform, including its order management system (OMS), to provide online shoppers as close to real-time fulfillment as possible. #retailers #retailtechnology #retailinnovation #allocation #inventory #ordermanagement #bopis #boris #retailing #retailsales #pointofsale https://lnkd.in/gfJuSabn

A friend from non-tech background asked me what technology can really do for businesses. Well, it can be easily explained by #retail stories and this Forbes article does a decent job at that. It talks about the importance of investing in technology for #growth in the retail sector. The shutdown forced a retail reckoning. Four years later, the winners are those who embraced technology. Why investing in tech is crucial for retailers: - Competing with giants like Amazon requires a robust #omniChannel presence and efficient logistics. - Frictionless #customerExperience is key. Customers expect seamless integration between online and offline channels. • Technology unlocks efficiencies: Investments in #ai and #cloud can optimize operations and reduce costs. The future of retail is tech-driven. Not just that, tech is the Key to Survival! #RetailTech #Innovation #DataAnalytics https://lnkd.in/dxrxXBvw

Advertisers are projected to spend over $55 billion on retail media in 2024. During the last few years, retailers like Walmart, eBay, and Amazon have proved the importance of retail media networks to boost demand and increase sales. Based on their successes, 2024 will see an increasing number of large retailers building, refining, and monetizing their media networks.     #Retail #Technology #WiproConsulting

Some great insights from this rare interview with Doug McMillon, Walmart's CEO. Here are my top 10: 💥 𝐎𝐧 𝐭𝐡𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐫𝐞𝐭𝐚𝐢𝐥 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞: "At the root of it all, though, it's a people business and it's a merchandising business. Today, it's increasingly a technology business. The supply chain is critical, of course, and real estate still plays a key role." 💥 𝐎𝐧 𝐭𝐡𝐞 𝐚𝐝𝐯𝐢𝐜𝐞 𝐡𝐞 𝐠𝐢𝐯𝐞𝐬 𝐭𝐨 𝐚𝐬𝐩𝐢𝐫𝐢𝐧𝐠 𝐫𝐞𝐭𝐚𝐢𝐥 𝐥𝐞𝐚𝐝𝐞𝐫𝐬: "Don't take your current job for granted, the next job doesn't come if you don't do the one you've got well. The second piece of advice was be a great teammate... And then the third one was volunteer for something extra, volunteer for something hard." 💥 𝐎𝐧 𝐭𝐡𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐛𝐨𝐭𝐡 𝐢𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐚𝐧𝐝 𝐞𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐩𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞𝐬: "We've always thought that a blend was best, and there are probably times where that blend is 80/20 instead of 70/30, depending on the moment that we're in. But Sam Walton would bring in great people from the outside to help build the retail business." 💥 𝐎𝐧 𝐭𝐡𝐞 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐨𝐟 𝐞-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐟𝐨𝐫 𝐛𝐫𝐢𝐜𝐤-𝐚𝐧𝐝-𝐦𝐨𝐫𝐭𝐚𝐫 𝐬𝐭𝐨𝐫𝐞𝐬: "The e-commerce store is the interesting one. We've seen it all and done it all. We operate around the world in different formats, different brands. We've got large stores, small stores, all these different formats. So we know that space pretty well, but the e-commerce business was different." 💥 𝐎𝐧 𝐖𝐚𝐥𝐦𝐚𝐫𝐭'𝐬 𝐞𝐚𝐫𝐥𝐲 𝐬𝐭𝐫𝐮𝐠𝐠𝐥𝐞𝐬 𝐰𝐢𝐭𝐡 𝐞-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞: "There was a period of time when there was too much debate inside the company about the significance of e-commerce, there were leaders who believed it would never be any bigger than the catalog business, there were leaders that believed it would never be profitable." 💥 𝐎𝐧 𝐭𝐡𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐨𝐦𝐧𝐢𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐫𝐞𝐭𝐚𝐢𝐥: "It's always been clear to me that this was an 'and' — there are going to be stores, there will be store curbside pickup, there will be delivery of various forms, there'll be stores and e-commerce." Continue in the comments... 👇 Thank you Karl Haller for sharing this!

Walmart sellers can now fulfill orders across ANY ecommerce site through Walmart's multichannel logistics. What does this really mean for sellers? What obstacles do brands actually face when trying to expand to new channels? From what we know, this solution means Walmart sellers no longer need to juggle multiple 1P partnerships or take on expensive omnichannel fulfillment responsibilities themselves to expand across channels. But what about non-marketplace channels, like Target, Home Depot, Kohls, or Best Buy? What do the costs and shipping speeds look like for big-and-bulky products like couches, strollers, grills, storage organizers, pools, or anything in that 20-150lb range? How does this solution guard brands from unauthorized sellers, as the risk only grows bigger when you expand? Are brands responsible for their listing management, advertising, and marketing? Spreetail is proud to call ourselves the #1 oversize accelerator, bringing a full-service ecommerce solution to big-and-bulky brands and removing all the obstacles our partners face while looking to grow. Don't get me wrong, Walmart's new offer is a strong fit for some sellers, but has anyone seen their solutions for these areas? I would be curious to see if their services expand as they continue building this out.

The newly published RetailX UK Top500 2024 is the tenth report in the series and maps shifts in the industry over the last decade. Our team has witnessed a lot of change these last 10 years, including the move towards #ecommerce; buying across channels; and a shift to an index where #marketplaces and #brands are ever-more important. Despite all the changes, one thing remains – Amazon's Elite ranking. This article also looks at the movers and shakers in the Elite and Leading retailer categories, with the likes of Apple, IKEA, Next and Screwfix all making it into the Elite ranking...

Great insights on multi-channel retailing! Sharing real-time data and demand forecasts with retail partners can enhance our ability to manage inventory efficiently. What innovative strategies have you found effective in multi-channel logistics? #collaboration #datadrivenlogistics #innovationinlogistics

Online Retail Giants vs. Brick-and-Mortar Stores: Strategies for Coexistence 🏬🛒 The retail landscape is evolving, with online retail giants and traditional brick-and-mortar stores finding innovative ways to coexist. Here's a look at some successful strategies: Omnichannel Presence: Retailers like Walmart blend online and in-store experiences, allowing customers to buy online and pick up in-store. This seamless integration caters to modern consumers' needs. 🌐🏪 Personalized Shopping: Amazon leverages data analytics to offer personalized recommendations, enhancing customer satisfaction. Meanwhile, physical stores like Nordstrom provide personalized in-store experiences through knowledgeable staff and curated selections. 📈👗 Experience-Driven Retail: Apple Stores are not just about products but experiences. Interactive displays and knowledgeable staff create a compelling reason for customers to visit physical locations. 💡🔍 Community Engagement: Local stores thrive by engaging with their communities through events and personalized services. This connection builds loyalty and a sense of belonging. 🏡❤️ As the retail industry navigates this dynamic landscape, hybrid strategies are key to survival and success. Hiring Insights: The demand for roles that support both online and offline experiences is growing. Skills in e-commerce, data analytics, and customer service are highly sought after. To know more about job opportunities in this domain, check the link in the comments section. 🌟💼 #RetailEvolution #OnlineVsOffline #Omnichannel #CustomerExperience #RetailStrategy #HiringTrends #ArbeitNexus

I announce with great excitement that our new paper has been published in the prestigious Journal of Retailing! This work, resulting from my collaboration with Jan Becker and Christian Barrot, is a significant part of my PhD research at Kuehne Logistics University.   Titled “Understanding customers’ choice for digital D2C versus multi-brand operations,” our research investigates the influence of product category characteristics on customer preferences for either brands’ D2C webstores or digital multi-brand retailers, across various stages of the customer journey.   Our findings of an extensive experimental study with 3577 online shoppers reveal that, depending on the customer journey, brands indeed have a chance to compete with the Amazon and the likes in case they offer product categories distinguished by deep assortments, the need for extensive product information, exclusivity, or a high degree of personalization in their D2C webstores.   I would like to express my profound gratitude to my co-authors for their exceptional collaboration and to the editorial and review team at the Journal of Retailing. Their invaluable feedback have been crucial in the development and success of our research. Here is the link to the paper: https://lnkd.in/eiu3qhuq #marketing #publication #ecommerce #research #brand #D2C