Black Friday

Deposco Sees 26% Spike in Customer Orders and 48% Higher GMV Year Over Year During Cyber Week 2023

Retrieved on:

Tuesday, January 16, 2024

YOY, GMV, Professional services, Cyber Monday, OMS, Black Friday, WMS, Monday

ATLANTA, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Deposco, the omnichannel fulfillment supply chain solutions platform for brand owners, retailers, ecommerce, and 3PL companies, announced significant year-over-year increases in both Total Order Volume (TOV) and Gross Merchandise Value (GMV) of transactions processing through its fulfillment platform during Cyber Week 2023.

Key Points:

In addition, Deposco’s GMV over Cyber Week grew 48 percent YOY.
Although the platform’s largest order day was Black Friday, the highest GMV day for Deposco was Cyber Monday, up 51 percent YOY.
“Peak season is no longer just the holiday season,” said Josh Lett, senior vice president of Professional Services, Deposco.
“Our Cyber Week performance metrics underscore Deposco’s commitment to help businesses pivot with new challenges and capitalize on seasonal demand,” Gibson added.

Kepler Analytics Momentum Drives New Era of High-Performance Retail

Retrieved on:

Monday, January 15, 2024

Customer, Traction, Black Friday, Customer analytics, NRF, Foot, Pressure, Consumer, Growth, Environment, Oracle, NPS, The, ChannelAdvisor, Market, Black, Retail

Additionally, Kepler Analytics Founder and Executive Director David Mah’s move to the U.S. in October signaled the company’s strategic investment and expansion in that market.

Key Points:

Additionally, Kepler Analytics Founder and Executive Director David Mah’s move to the U.S. in October signaled the company’s strategic investment and expansion in that market.
Most recently, he served as the Director of Analytics on PwC’s Retail and Consumer team.
In Q1 2023, Kepler saw retail sales up two percent versus 2022 but by Q3 2023 sales were down nine percent on 2022.
Stop by the Kepler Analytics booth (#5965) at the NRF Big Show (Jan. 14-16, 2024) to connect with Kepler executives and see the platform in action.

MWG Holdings, Award-Winning Cannabis Company, Achieves Positive Cash Flow in 2023; Plans Expansion in 2024

Retrieved on:

Wednesday, January 10, 2024

Music, Green, Black Friday, Food, Face, Foot, Woodland, California, Suite, Cannabis, Organization, American City Business Journals, MWG, Growth, Drug

In 2023, MWG Holdings celebrated a victorious turnaround as the company achieved positive cash flow, in the face of broadly challenging economic conditions.

Key Points:

In 2023, MWG Holdings celebrated a victorious turnaround as the company achieved positive cash flow, in the face of broadly challenging economic conditions.
Joining MWG in 2022, Sheridan has over a decade of experience and a successful entrepreneurial track record in cannabis.
With a driven focus on product quality, service and partnerships, Sheridan quickly restructured the company from the ground up to ensure positive cash flow.
The California cannabis market is expected to reach $7.2 billion in 2024, according to an Arcview Group and BDS Analysis report.

Lucidworks Unveils Insights from Holiday Shopping Season, Providing Strategic Guidance for Retailers Navigating 2024's Consumer Landscape

Retrieved on:

Tuesday, January 9, 2024

SAN, AOV, Cyber Monday, Consumer, Support, Black Friday, Retail

With a comprehensive examination of trends and patterns, this data provides invaluable foresight for retailers navigating the ever-evolving landscape of consumer expectations in 2024.

Key Points:

With a comprehensive examination of trends and patterns, this data provides invaluable foresight for retailers navigating the ever-evolving landscape of consumer expectations in 2024.
"At Lucidworks, we enable forward-thinking organizations globally to enhance user discovery, especially amidst their busiest shopping periods.
Lucidworks' data underscores essential trends, emphasizing the pivotal role of personalized user experiences and search functionalities in meeting ever-evolving consumer preferences."
Resilience Amid Economic Flux: Despite economic uncertainties and inflation in the past year, the holiday shopping season showcased remarkable resilience.

Global Sleepwear Market Report 2023-2028: A $12.4 Billion Market in 2022 - E-commerce Expansion, Fashion Trends, Focus on Health and Wellness Bolsters Growth - ResearchAndMarkets.com

Retrieved on:

Thursday, January 11, 2024

Fashion, Retail, Camping, Clothing, Hospital, Sleep, Health, Black Friday, Attention, Silk, Air travel, Freedom, Data collection, Skin, Movement, Market, Season, Nightwear, Marketing, Pajamas, Ageing

The "Global Sleepwear Market Report by Product Type, Material, Distribution Channel, End User, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Global Sleepwear Market Report by Product Type, Material, Distribution Channel, End User, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global sleepwear market size reached US$ 12.1 Billion in 2022.
Looking forward, the market is expected to reach US$ 18.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.43% during 2022-2028.
Moreover, the rising demand for eco-friendly sleepwear, which is made from sustainable or recycled materials, is supporting the market growth.

XCCommerce and RELEX Partner to Enable AI-powered Retail Promotion Planning and Optimization with Execution and Management

Retrieved on:

Thursday, January 11, 2024

Promotion planning and management is ever more critical but can be difficult and impact margins using legacy point solutions.

Key Points:

Promotion planning and management is ever more critical but can be difficult and impact margins using legacy point solutions.
This strategic partnership brings unification of AI-driven pricing and promotion planning and optimization with complex promotion execution and management, to boost customer loyalty while increasing promotional ROI up to 15% and operational efficiencies up to 75% for retailers.
“AI-powered promotion planning and optimization from RELEX are seamlessly ingested by the XCCommerce platform for execution and management.
The result: consistent cross-channel promotions execution for improved promotional ROI.”
RELEX was recently named a Leader in the Forrester Wave: Retail Planning Platforms, Q4 2023.

72% of Shoppers Stay Loyal to Retailers That Offer Free Returns

Retrieved on:

Thursday, January 11, 2024

Nearly three quarters of US shoppers (72%) show greater loyalty to retailers that provide free returns.

Key Points:

Nearly three quarters of US shoppers (72%) show greater loyalty to retailers that provide free returns.
SAP Emarsys data found the rate of returns continues to climb, with 86% of shoppers returning items over the last 12 months.
However, the SAP Emarsys research suggests this is causing shoppers to switch, with 49% being less loyal to brands that charge for returns.
For me, that’s where personalization comes in.”
“When retailers offer more targeted products based on customer data, such as returns behavior and wish lists, the volume of returns drops.

Electrolux Group reports loss in the fourth quarter - driven by North America

Retrieved on:

Friday, January 12, 2024

Investment, Refrigeration, Electrolux, Black Friday, Cooking, Drug

STOCKHOLM, Jan. 12, 2024 /PRNewswire/ -- Electrolux Group announced today that operating income, excluding non-recurring items, in the fourth quarter of 2023 is estimated to be approx.

Key Points:

STOCKHOLM, Jan. 12, 2024 /PRNewswire/ -- Electrolux Group announced today that operating income, excluding non-recurring items, in the fourth quarter of 2023 is estimated to be approx.
The underlying loss in business area North America is estimated at approx.
SEK -1.4bn (-1.2), driven by intensified price pressure, lower volumes and elevated cost levels related to the cooking manufacturing transition.
Net sales in the fourth quarter for the Group is estimated to be approx.

Electrolux Group reports loss in the fourth quarter - driven by North America

Retrieved on:

Friday, January 12, 2024

Investment, Refrigeration, Electrolux, Black Friday, Cooking, Drug

STOCKHOLM, Jan. 12, 2024 /PRNewswire/ -- Electrolux Group announced today that operating income, excluding non-recurring items, in the fourth quarter of 2023 is estimated to be approx.

Key Points:

STOCKHOLM, Jan. 12, 2024 /PRNewswire/ -- Electrolux Group announced today that operating income, excluding non-recurring items, in the fourth quarter of 2023 is estimated to be approx.
The underlying loss in business area North America is estimated at approx.
SEK -1.4bn (-1.2), driven by intensified price pressure, lower volumes and elevated cost levels related to the cooking manufacturing transition.
Net sales in the fourth quarter for the Group is estimated to be approx.

REI Co-op to open 10 stores in 2024 to better serve outdoor communities

Retrieved on:

Wednesday, January 10, 2024

Camping, Arrowhead, Black Friday, Adventure, REI, The, Cooperative, Running, The Co-operative Group, Retirement, Organization, St. George Place, Houston, Real estate

SEATTLE, Jan. 10, 2024 /PRNewswire/ -- Specialty outdoor retailer REI Co-op announced expansion plans to open 10 new stores in 2024 to better serve its members and outdoor community. Locations have been finalized for summer 2024 openings in Glendale, Arizona and Rancho Mirage, California. A store in St. George, Utah will open in fall 2025.

Key Points:

Retailer expands to Glendale, Arizona and Rancho Mirage, California in summer 2024 and St. George, Utah in fall 2025
SEATTLE, Jan. 10, 2024 /PRNewswire/ -- Specialty outdoor retailer REI Co-op announced expansion plans to open 10 new stores in 2024 to better serve its members and outdoor community.
REI will open 10 stores in 2024, including:
The co-op will announce details of three additional stores opening this year as contracts are finalized.
As a community-supported nonprofit, the REI Fund is fueled by donations from REI members, customers, employees, foundations and corporate partners – including REI Co-op.
Of that total, more than 200 of the grantees were local organizations championed by REI employees who work in-store.