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January 24, 2013
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News about digital retail commerce

  Top Story 
 
  • Tie guy creates the Netflix of neckwear
    David Goldberg's career in neckwear started when he and his colleagues at Merrill Lynch started swapping ties when they got bored with their looks. Today, Goldberg operates FreshNeck, a startup that rents neckties and other men's accessories using a model similar to Netflix and Rent the Runway. ABC News (1/23) LinkedInFacebookTwitterEmail this Story
Webinar: Prioritizing Omnichannel Store Integration Initiatives
Join us on Thursday, January 31 at 2:00 p.m. EST as Jeff McCall, Sr. Vice President of GSI's Consulting Services group, explores how retailers should be planning and prioritizing omnichannel store integration initiatives like Ship-From-Store, Associate Ordering, In-Store Pick-Up and In-Store Email Capture.
  Online Retail Trends 
  • EBay's path from auction site to e-commerce player
    EBay's 2009 strategy to transform the company from its roots as an auction website into a full-fledged e-commerce player in the age of Amazon has proved successful. Still, eBay has no plans to adopt Amazon's business model, said Devin Wenig, president of eBay Global Marketplaces. "EBay is not a retailer," he said. "We don't own goods. We don't want to do that. We want to be a partner to retailers and brands." Fast Company online (1/23) LinkedInFacebookTwitterEmail this Story
  • What's next for online retailers?
    Online retail is growing fast and forecast to account for nearly a quarter of all U.K. retail by 2016, according to Boston Consulting Group. The trend has proven problematic for many high-street stores; now, in the second wave of growth, success for online retailers will hinge on finding ways to compete other than on price, experts say. The Wall Street Journal (1/23) LinkedInFacebookTwitterEmail this Story
  New Media & Technology 
  • Fashion shoots with virtual models save marketers money
    H&M, Nordic outfitter JC and France's Vente-Privee are among the fashion retailers reducing the cost of photo shoots by using mannequins and computer-generated models to save money. The technique of mixing and matching body parts, clothes and styles in a computer is powered by the tech startup Looklet. Vente-Privee, an online retailer that photographs hundreds of thousands of products a year, says the tool can yield 50% more studio work a day and cuts production costs by two-thirds -- and Looklet models even bring in more revenue than real models. The Wall Street Journal (1/23) LinkedInFacebookTwitterEmail this Story
  • Mobile checkout was a factor in holiday sales surge at Alex and Ani
    Mobile technology allows for more personal engagement and helps speed checkouts, which helped holiday sales more than quadruple this past season for lifestyle brand Alex and Ani. "A mobile point-of-sale solution frees the Bangle Bartenders to engage and bond with customers from the moment they walk into a store, creating a more personal shopping experience that re-enforces their brand fundamentals," said Lori Cohen, chief marketing officer of Mobiquity, which powered the effort. MobileCommerceDaily.com (1/24) LinkedInFacebookTwitterEmail this Story
  Companies in the News 
  • Netflix surprises with fourth-quarter results
    Netflix signed more subscribers than expected in the fourth quarter and surprised analysts Wednesday when it announced earnings of 13 cents per share -- analysts had predicted a 13-cent-a-share loss. "Our holiday season was particularly strong, driven by consumers buying new electronic devices, including tablets and smart TVs," said CEO Reed Hastings. The Wall Street Journal (1/23) LinkedInFacebookTwitterEmail this Story
  • McDonald's optimizes for Nexus 7 in ESPN-based mobile campaign
    McDonald's is sponsoring the NFL Bites section of ESPN's mobile site with an interactive campaign optimized for the Nexus 7 device. A tap on the ad speeds users to a landing page that takes advantage of the Nexus 7's larger screen to present enticing images and encourage users to explore menu items and other information, including store locations. Mobile Marketer (1/24) LinkedInFacebookTwitterEmail this Story
  • Kobo recruits former Apple executive
    Kobo has named former Apple sales director Jean-Marc Dupuis as its new executive director, as part of a plan to boost growth in Europe, the Middle East and Africa. The company says it has customers in 190 countries and commands 20% of the global e-reader market. Fast Company online (1/23) LinkedInFacebookTwitterEmail this Story
  Shop.org Spotlight 
  • Same-day delivery: How it's transformed retail
    Pioneered by Circuit City in 1999, the concept of same-day delivery and in-store pickup is not new. But as more multichannel retailers have burst onto the retail scene, brands are embracing the move to implement optimized and streamlined delivery services. In a post on the Shop.org blog, Executive Director Vicki Cantrell explains how this tactic isn’t only boosting sales online, but in-store sales as well. Read more. LinkedInFacebookTwitterEmail this Story
  • Shop.org SmartStat: Jan. 24, 2013
    The NRF Foundation awarded $178,000 to 24 college students last month in memory of former Shop.org Vice President Ray M. Greenly, who lost his battle with cancer in 2005. Source: NRF Foundation. LinkedInFacebookTwitterEmail this Story
 
  • Must-have ingredients for merchandising success
    The rules of creating product or brand awareness are similar both online and in-store, but the keys to building a successful digital product recommendation strategy changes rapidly. In a white paper posted on the Shop.org library, Monetate’s ‘The Merchandiser’s Cookbook’ details the top tactics for building a holistic merchandising strategy to help make products easier for customers to discover, consider and purchase. Download the white paper. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
All news is an exaggeration of life."
--Daniel Schorr,
American journalist


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