This Week in Retail – Episode 17

TWIR

Even though they’re on two separate sides of the planet, Amazon and Alibaba are still competing in the same industry. This past week, BrandZ named Alibaba the world’s most popular retail brand, passing both Wal-Mart and Amazon. The company was named 16th most popular brand in the world, and is the largest ecommerce company in Asia. The company filed for a $25 million IPO late last year. Amazon had big news as well. The largest online retailer in North America…

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Key Questions to Consider When Building A MAP Policy

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For those unfamiliar, MAP stands for minimum advertised price. It’s a legal agreement in the U.S. between manufacturers and retailers to not advertise their products below a certain price. An architect has to keep two aspects in mind when creating a physical space: aesthetics, and utility. The building has to excite the eyes and draw interest, but it also needs to be practical. The architect also needs to keep the building’s intentions in mind when designing it. For example, most…

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Dropshipping School – What It Is and Why It Can Help Scale Your Business

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*The following is the first in a two part series by Tiana Byers from ecomdash. Dropshipping – now there’s a term any ecommerce retailer has heard buzzing around in online forums and amongst colleagues. While Dropshipping can be a profitable strategy to implement into your ecommerce business plan, if you’re unfamiliar with the process, the term can feel foreign and intimidating. What is Dropshipping, exactly? Essentially, Dropshipping is the act of selling products you don’t own. I know, that sounds…

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This Week in Retail – Episode 16

TWIR

The retail industry is constantly growing in competition, and this week was no exception. Big news came from Google and eBay this week. The Wall Street Journal reported that Google was possibly testing a “buy now” button for its mobile search results. This button would allow a shopper to purchase an item directly from a retailer without leaving the Google search engine. The move could intensify competition between large marketplaces such as Amazon and eBay. Speaking of eBay, the marketplace has…

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Gain More Competitive Intelligence with Wiser’s Visual Spy Agent

competitive-intelligence

Just as there are two sides to every coin, Wiser’s Spy Agent feature offers two different ways to gather match results: standard and visual. Both sets of results are useful in determining how a retailer’s price stands compared to their competitors’, but they address different issues. Standard Spy Agent is like a laser, automatically matching exact products from competitors using universal product codes (UPCs) or brand and model. Visual is more like a big fishing net, collecting a plethora of…

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How to Bridge the Digital Divide in Retail

digital-divide

  The world of retail has to tip its hat to innovators like Steve Jobs, Bill Gates, Jeff Bezos, and countless others. Their contributions to the technology sector are innumerable, but these contributions ultimately aided other industries, namely retail. Who would have thought ten years ago about shopping on a mobile phone? Continuous innovation allowed consumers to place orders over the phone using physical catalogs, which was definitely a step in the right direction. Discontinuous innovations took it a step…

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This Week in Retail – Episode 15

TWIR

Big news coming out from Wal-Mart this week. The retail giant is introducing an unlimited free shipping service this Summer to quickly deliver online goods to customers, and they plan on having it cost half as much as one of their main competitors, Amazon Prime. At $50/year, Wal-Mart promises to deliver its goods within three days or less. In other news, Alibaba’s new CEO Daniel Zhang told employees that Alibaba will plan on expanding globally. He said that globalization is…

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The 3 Most Important Factors to Winning the Buy Box

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*The following is an updated version of an old blog post. The Amazon Buy Box is really similar to winning the student of the month award in elementary school. You weren’t exactly sure what you did to deserve it, but you are ecstatic about the victory regardless. Amazon is the only entity that completely understands its Buy Box algorithm, but that doesn’t make it a lost cause. For years, professionals have speculated about Amazon’s requirements to win the coveted Buy Box…

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Dynamic Pricing and Price Discrimination: What’s the Difference?

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Price discrimination and dynamic pricing are often used in the same sentence, and for good reasons. They both involve changing the prices of various products, so many consider the practices one in the same. While dynamic pricing is a form of price discrimination, it is not executed in the same fashion. As a matter of fact, both practices actually have very little overlap. What is Price Discrimination? Price discrimination is the practice of selling identical goods or services at different…

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This Week in Retail – Episode 14

TWIR

Home Depot and Macy’s were two retailers with big news this week. First, Home Depot has the goal to implement Apple’s alternative payment method Apple Pay to over 2,000 of its brick and mortar stores. If Home Depot goes through with the plan, it would be one of the largest retailers to use Apple Pay in its stores. Another retailer considering the move is Macy’s. Speaking of Macy’s, the retail giant is offering to donate $3 for every mom related…

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