2023 Archives

A Step-by-Step Guide to Real-Time Pricing

The image shows a side-by-side comparison of two origami flowers made from folded currency. The left flower is made from euro notes, and the right flower from US dollar bills.

For digital retailers, the ability to revise prices swiftly and on a large scale has emerged as a decisive differentiator—especially during periods of inflation, when prices fluctuate more frequently. Many retailers scrape rivals’ websites for price information and use it to set their own prices manually or automatically, often using a strategy…Read More

Leonard A. Lauder Honored With Retail Excellence Award

Three people are seated at a dining table, sharing a joyful conversation. One person in the middle is clasping hands with an elderly person on the right. The table is set with wine glasses and a floral arrangement.

Leonard A. Lauder Honored With Retail Excellence Award A who’s who of luminaries from the retail, fashion and finance sectors turned out on Monday night to honor Leonard A. Lauder with the Retail Excellence Award cohosted by the Baker Retailing Center at the University of Pennsylvania’s Wharton School of Business and…Read More

US Retail Workers Are Fed Up and Quitting at Record Rates

A clothing store interior with mannequins dressed in denim and casual wear, stacks of folded jeans, racks of clothes, and shoppers browsing.

US Retail Workers Are Fed Up and Quitting at Record Rates To be a US retail worker in 2023 means fielding an onslaught of growing American anxieties about everything from high prices to politics. Increasingly, some workers say the job isn’t worth the wages. Low pay, erratic schedules and monotonous…Read More

Shopify Introduces Over 100 New Features, Including AI-based Solutions

Shopify Introduces Over 100 New Features, Including AI-based Solutions Shopify has launched over 100 new features to help small business owners be more productive and innovative as part of their Summer ’23 Edition product updates. The updates leverage the power of artificial intelligence (AI), a fee-free business credit card, an…Read More

Leonard Lauder to Receive ‘Retail Excellence’ Award

A person wearing a pinstripe suit and red tie, standing with arms crossed against a dark background, smiling slightly.

Leonard Lauder to Receive ‘Retail Excellence’ Award Leonard A. Lauder, chairman emeritus of The Estée Lauder Companies, will receive the “Retail Excellence Award” for his outstanding contributions to the retail and beauty sectors, along with his philanthropic endeavors in academia, medicine and art. The award is being given by the Jay H. Baker Retailing…Read More

Selling on TikTok and Taobao

A hand holding a smartphone surrounded by animated logos of social media platforms such as LinkedIn, TikTok, Twitter, and Facebook, as well as cash and coins.

In China, livestream commerce—selling products via live video on platforms such as Taobao and TikTok—will account for as much as 20% to 25% of online sales in 2023. In the United States, it accounted for $11 billion in sales in 2021, and growth is increasing dramatically. It’s no wonder brands…Read More