1️⃣ Operational agility 2️⃣ The MACH stack 3️⃣ Hybrid retail evolution 4️⃣ ‘Multi-local’ commerce 5️⃣ Owned channels, owned audiences 6️⃣ Bread and butter machine learning 7️⃣ Fast-format delivery 8️⃣ Localised fulfilment and last-mile sustainability 9️⃣ Post-purchase personalisation 1️⃣0️⃣ Omnichannel mergers and acquisitions 1️⃣1️⃣ Starting with the customer (as always) ☝️ According to a recent Econsultancy blog, these are the 11 eCommerce trends shaping strategy for 2024... How would you rank them in order of importance (and why)? Let us know in the comments 💬 #eCommerce #RetailTrends
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5 Essential Strategies for Unlocking Business Growth in 2024 Key Takeaways - Adopting AI and leveraging it well can significantly boost your business by increasing productivity. - Providing additional value beyond price can help attract consumers, even in inflationary times. - An omnichannel approach simplifies communication with customers, improving service and efficiency. - Having conversations with customers, employees, vendors and providers can help you find growth opportunities and give you new insights. - Considering mergers and acquisitions can potentially provide more business growth than any other strategy.
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Navigating the Complexities of Mergers & Acquisitions in eCommerce can be challenging. The recent article on Novatize's blog, "Merging and Acquisitions: How to Create a Coherent, High-Performance eCommerce Ecosystem," provides critical insights into the complexities of eCommerce integration following mergers or acquisitions. Merging eCommerce platforms is more than just a technical challenge; it demands a strategic approach to harmonize different customer bases, technology stacks, and operational practices. The work required to master eCommerce in such contexts cannot be underestimated. Each decision—from whether to consolidate platforms to how to manage inventory—impacts the seamless shopping experience customers expect. For those navigating this terrain, the article underscores the importance of data-driven decision-making and strategic alignment to achieve a unified and high-performing eCommerce ecosystem. #eCommerce #MergersAndAcquisitions #BusinessStrategy #DigitalTransformation
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Ecommerce aggregators faced significant headwinds in 2023, grappling with challenges like restricted VC funding, rising interest rates, and an increase in bankruptcies and consolidations. As a result, the appetite for acquisitions has significantly cooled, leading to a sizeable dip in multiples from the highs of 2021. I'm interested to hear your thoughts on the evolving landscape for ecom aggregators. How do you see this space evolving? What do you expect to see in 2024? From my perspective, I expect to see further consolidation among aggregators, alongside a necessary shift towards more strategic, quality-focused acquisitions. High quality brands with strong market positions might still secure favorable deals, whereas more generic brands could struggle to attract interest. What's your take on the future for ecommerce aggregators and the brands they target?
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Mark Your Calendar: Tuesday, July 23rd at 2pm EST E-Commerce has become one of the most important growth drivers for the beauty industry and investors have taken notice, spawning a new ecosystem of capital sources and acquisition platforms focused on digital selling that supplements more traditional venture capital and private equity sources. This renewed investor interest comes at a perfect time, since a robust omnichannel strategy that includes digital channels like DTC, Amazon, social selling, and retailer marketplaces is no longer an option - it’s a requirement - but with that comes increasing complexity, cost, and a need for specialized knowledge to thrive in a crowded space. We'll discuss what it take to thrive in the digital space and strategies for using digital success to attract thriving exits. Our Panel: - Amber Weinfurtner, SVP Global Sales, LAWLESS Beauty - Michal Baumwald Oron, CEO and Co-Founder of Fortunet - E-Commerce Investment Banking - Chad Annis, Founder Market Defense - John Cafarelli, President and Co-Founder BeautyMatter Register: https://lnkd.in/eyyHv-vf #ecommerce #investmentbank #mergersacquisitions #investment #dealflow #beautyindustry #beautytrends #omnichannel
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Technical complexities, internal politics and scaling are a few of the challenges brands face in their #RetailMedia business. In this Total Retail article, Diana Abebrese and Liz Salway address how to navigate these pain points to unlock the full potential of retail media: https://epamsys.co/4a912B2 Discover more insights in our white paper: https://epamsys.co/4a3gpe5 #retail #advertising -- See how we help retailers accelerate growth and agility through tech-enabled business transformation: https://epamsys.co/3y3XMtm
5 Challenges Facing Retail Media
epam.com
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Every product launch or market expansion requires careful Go-To-Market (GTM) strategy 🎯 implementation. This involves structuring the business processes into defined execution stages, each divided into smaller, manageable steps that must be expertly carried out. The GTM framework 📋 covers a lot of information that will prevent you from mistakes while bringing the product to market or mastering a new market segment. With the GTM framework in place, you can expect results that meet expectations. Contact us 👉 https://lnkd.in/dfzp8eeg #galton #galtonbrands #brandingagency #gtmstrategy #gotomarketstrategy #gtmframework #brandstrategy #salesstrategy #marketingstrategy
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CEO & Founding Partner, Loki Group, Inc. | Executing Corporate Strategy and M&A | Transforming Businesses and Driving Growth | Visionary Leader and Entrepreneur
In M&A, brand equity is a pivotal asset. It's the essence of a company's identity and the core engine that drives customer loyalty & market value. Choosing the right brand strategy is key to leveraging this asset and ensuring the merger resonates with customers and stakeholders alike. #MergersAndAcquisitions #BusinessStrategy #CorporateIdentity
How can brand equity be used to improve mergers and acquisitions?
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Luxury Meets Tech: Saks-Neiman Merger Banks on Amazon's Magic Touch. 💠 Saks Fifth Avenue and Neiman Marcus are set to merge, and Amazon's technology is expected to significantly contribute to their future success. 💠 The merger will involve Amazon and Salesforce taking minority stakes in the new operation, called Saks Global. 💠 The focus on technology aims to future-proof the brands by leveraging customer data for personalized offers and enhancing logistics for streamlined shopping experiences. 💠 Personalization in retail is becoming increasingly important, with a report highlighting shoppers' interest in personalized offers and their potential impact on purchasing decisions. 💠 The merger, valued at $2.6 billion, is projected to create a company with around $10 billion in annual sales. Optimizing supplier terms and eliminating duplicate costs could help overcome challenges in the luxury retail industry.
Saks eCommerce Chief: Amazon Can Boost Success of Neiman Merger
https://www.pymnts.com
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🛍 Adapting to Evolving Retail Dynamics 🛒 Recent developments reveal a significant shift in the retail landscape. With venture capital becoming more selective, many retailers are rethinking their brick-and-mortar strategies. This trend highlights a critical pivot point: the necessity for businesses to adapt to evolving funding environments while re-evaluating their growth strategies. As retailers face these new challenges, agility and innovation become paramount. Embracing omnichannel strategies and exploring alternative financing options could be key to thriving in this adjusted market. The current climate offers a unique opportunity to innovate not just in how we sell, but also in how we fund and expand our physical presence. I think adding subscriptions and memberships, along with personalized services, can help retailers keep a steady income and not just rely on single sales. Look at Costco and Fabletics; they make most of their money from memberships alone. What strategies do you think retailers should adopt to overcome these financial hurdles and continue to grow? #RetailIndustry #BusinessStrategy #VentureCapital #RetailInnovation #MarketTrends #Subscriptions #PrivateEquity #CoreCompetencies #Growth #Memberships
Lack of Venture Capital Forces Some Retailers To Reevaluate Brick-and-Mortar Expansions
costar.com
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🚫 Ecommerce expenses and spending mistake #7: Adopting a grow-at-all-costs mindset In the recent past, a "grow at all costs" mindset was the norm for DTC brands. Whether seeking a quick exit or yielding to investor demands, speed was priority. But times have changed. Venture capital for DTC is no longer a free-flowing stream, and the era of easy acquisitions has shifted. Yet, some DTC brands persist with the "spend now, figure it out later" approach to scaling. 🛑 Sales plateaued? Buy more ads. 📉 3PL had a rough month? Vendor switch time. 📦 Inventory hiccup? Double the restock. Let's be real—tossing money at problems rarely cures them; at best, it's a temporary fix. The truth? Overly lavish spending often creates unsustainable business models that crumble in the long run. Instead, prioritize creating sustainable, scalable solutions. Your growth may not be meteoric, but it will be solid, enduring, and support a healthier, longer-lasting company. #BusinessGrowth #Sustainability #DTC #ecommerce
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