How the Syncing service helps retailers receive updated prices to avoid losing money.
April 23, 2024
Stores that have a Shop Local Store use the Syncing service to save time and money on product maintenance. After a brand loads their products to their Shop Local account, the products are Synced in real-time to retailers' Stores.
The brands do their respective maintenance work by adding and updating the products—saving the retailer from having to do it. Part of this maintenance includes updating prices for items to ensure they are up to date. By updating prices, brands help ...
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We watch trends to share them with our members and help them capture orders. Forbes shares 35 helpful e-commerce statistics and we picked out a few highlights for you below:
Key Statistics:
20.1% of retail purchases are expected to take place online in 2024.
By 2027, 23% of retail purchases are expected to take place online.
E-commerce sales are expected to grow 8.8% in 2024.
52% of online shoppers report shopping internationally.
What your business can learn from the celebrated economist Daniel Kahneman
April 3, 2024
Daniel Kahneman, the celebrated economist, passed away last month. The Nobel Prize and Presidential Medal of Freedom winner gave us insights into the economics of the mind, such as people fearing loss more than gain, making short sighted decisions, and overly relying on feelings.
We can often use Mr. Kahneman's insights in our business's daily operations.
Many years ago, as a new assistant at Lord & Taylor, the buyer cautioned me to not get too attached to people or merchandise. His wisdom was not cold-hearted, but a cautionary tale to keep emotional attachments in check. I was there to deliver strong financial results and if something wasn’t selling, I shouldn’t harp on it, but mark it down and move on. And, as far as work relationships were concerned, I should be a good coworker but not get attached to colleagues.
It’s hard to believe that MEPRA’s sophisticated technicolor collection FANTASIA is celebrating its 35th anniversary this year because its incandescent chromatic complexion is as fresh today as its 1989 debut.
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The brilliantly-hued fantasia comes from the Italian silversmiths Mepra, post-war business founded in 1947 by the Prandelli family, four generations fashioning flatware in the industrial Lumezzane Valley, about 90 minutes east of Milan. ...
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Kate Spade New York tableware and accessories has for two decades held a singular spot on retail shelves and on customers’ tables thanks to a timeless charm and chic stylings. Even after 20 years, the fun, fresh, playfully sophisticated, and refreshingly original collections from Lenox occupy a unique niche in the tableware pantheon.
Kate Spade’s contribution to fashion cannot be understated. She became synonymous with fashionistas everywhere when she started her fashion ...
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According to a recent RetailDive report, online and mobile purchases for Black Friday sales were the strongest, with smartphone sales leading at 54% of online sales. The article states consumers spent a record $9.8 billion online on Black Friday, according to data from Adobe Analytics. That’s up 7.5% from last year.
Industry experts forecast that consumer spending will be up 2-3% year over year. The National Retail Federation projects 3-4% year over year. Consumers are cautious about ...
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Celebrating Our 275th Anniversary with Isabelle von Boch
For over 275 years Villeroy & Boch has been synonymous with exquisite design, unparallel craftsmanship, and timeless elegance. From our humble beginnings as a small pottery shop in the heart of Europe, we have grown into a global brand that is loved and celebrated by discerning consumers around the world. Today, we continue to expend the boundaries of innovation and creativity, while staying true to our heritage of ...
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Babcock Gifts celebrates its 50th birthday in 2024. The bridal registry and gift shop opened in 1972 as a partnership that included interior design. In 1974, with the exit of one partner, the store focused on antiques, gifts, and bridal registry. Over the next 42 years, there would be growth into two stores before downsizing to one. In 2016, ownership changed and the store moved one block down, where it continues to be a destination for bridal registry and gift-giving. With the constant doom and...
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Founded in 1969, Graphic Image's core principles are: great value, great leather, great price. With leather sourced from the world’s finest tanneries (primarily in France and Italy), Graphic Image products are hand-made with full-grain leathers.
For classic books that touch the soul, a leather bound edition will be a keepsake for life, never to be put away and always out for friends to see. The children's books cover some of the most popular books of a generation and are instant ...
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A simple and entertaining method for enhancing any dish is by creatively combining condiments. With this handcrafted 3-piece condiment entertaining tray made from durable organic vines, you can serve your favorite snacks, condiments, and more in style. Its sturdy design highlights its natural, organic earth tones, which turn nut brown as it ages organically. Bowls can be taken out to be cleaned or refilled. Appropriate for tastings. Also offered in a 2-sectional tray.
How technology hurts the entertainment industry just like Amazon hurts the retail industry.
August 1, 2023
Over the last three decades, Hollywood and many that rely on the entertainment industry have embraced ordering goods over Amazon.com. Recap: Amazon is a technology company that often cuts costs by replacing humans with code and robots and bypasses local red tape like, um, taxes and labor rules. Hollywood writers, producers, and ticket goers embraced a technology company that made their lives easier but often at the cost of others (aka retail workers).
It was October 2021, and I had just finished my first in-person trends seminar since the pandemic impacted all industry shows. At the end of the image-packed program, an audience member raised her hand and challenged, “Do trends even matter anymore?”
It was a valid question. The pandemic had disrupted business, upended supply chains, transformed education, revealed vulnerabilities, altered priorities, and unexpectedly claimed many lives. The question was tinged with cynicism. Pent...
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Your physical store can be a great asset in this ‘Age of Amazon’—just ask Warby Parker.
Details:
- Warby Parker has 200 stores in the U.S. and Canada.
- Retailers report that online advertising costs have increased 15%-20% in the last two years, making physical stores more attractive.
- Brands report that in-store shoppers buy more per purchase.
I believe the The Wall Journal should have noted a caveat about using Warby Parker as a poster child ...
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Do you have a good friend at work? These days, fewer people do. According to the New York Times, 40 years ago, 50% of us had a close friend at work; that number has dropped to less than 20%. Work has become a more transactional place. We go to the office to be efficient, not to form bonds. We may have plenty of productive conversations, but we also have fewer meaningful relationships. That’s not a good thing because work friends play a big part in our happiness.
It’s a formidable task, overseeing product development for all of Lenox’s flatware brands, which includes Lenox, Kate Spade, Oneida, Cambridge, Hampton Forge, Reed & Barton, and Gorham. Your tenures at Oneida and Bed Bath & Beyond, as the tabletop buyer, provide a solid foundation for this position.
Prior to Oneida, where I was senior product marketing manager when Lenox acquired us, I was at Bed Bath & Beyond for 12 years, most recently as the tabletop buyer. My whole ...
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I was happy to learn that our friends at Savannah Bee and Ivystone have expanded their relationship. Savannah Bee, a partner in our Bridge Product Syncing service, has expanded its representation with Ivystone, also a Bridge partner, to cover more sales regions. Ivystone will now cover the honey brand across the country, supplementing the brand with 85 sales reps. (Previously, Ivystone only represented the brand in the Northeast.)
Still popular in many areas one of the favorite tasks of becoming a bride is picking out items for the couple’s gift registry. Instead of spending money on decorations for the head table a new trend is for the couple to use their own signature dishes and side pieces to set their head table. This can include their dishes, silverware, glasses and even items from their favorite collections.
Guest are asked to help by shopping their gift registry and paying special attention to adding ...
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Gathering together is not just fun ... it matters.
We all love that special feeling we get when we sit down together at a pretty table looking forward to enjoying wonderful food, drinks, and great company—all made special with the addition of great-looking serverware.
Whether by the grill, around the kitchen island, or for those special occasions and holidays when we create memories that will last forever; spending time with those we love is what we treasure most.
Scott Galloway, the NYU business professor and firebrand, pens a weekly, attention-grabbing article about business trends. In last week’s post, he noted the rise of the attention economy. (...Yes, my post is an attention-seeker writing about an attention-seeker writing about attention.) Comparing our current economy to those of the past, Mr. Galloway notes that today’s oil is time. He tracks the growth of digital companies like Netflix, Microsoft, Facebook, and TikTok that...
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