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Kroger's 4 pillars of ecommerce
Kroger grew digital sales 12% in the most recent quarter, and sees double digit ecommerce expansion continuing for the next three years. Digital shopping experience, delivery, attracting repeat customers and profitability are the key focus areas to get there. Read to the end for more details on the Kroger flywheel.
There’s nothing quite like flipping through a magazine to find the next buy, and now The Fresh Market has a way to do it online. The Magazine features recipes and deals. It also creates a path to purchase an item directly from the pages. – Store Brands
With the rise of fintech tools like digital wallets, merchants must equip themselves to offer all of the different options that consumers may prefer. ACI Worldwide’s Dan Coates recently told The Current about how the payments platform is building infrastructure to meet these needs. Coming next in the U.S.: More real-time payments.
While the job market remains strong, inflation and interest rates are leading to a pullback on discretionary spending. This isn’t hitting every category equally. Best Buy sees a consumer electronics slowdown in 2023, while apparel brand Abercrombie & Fitch is coming off better-than-expected growth in the holiday quarter. CEOs from those retailers and more offered their takes this week on the latest economic data.
Can governments build ecommerce infrastructure? In India, the commerce ministry is building the Open Network for Digital Commerce as a way to democratize ecommerce. This was initially seen as a move to create an alternative to Amazon and Flipkart, but now Amazon is signing on by integrating its logistics and local retail platforms. – TechCrunch
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Tweet of the Day 🐦
March 2022 Cost of Container from China to LA: $15,600
March 2023 Cost of Container from China to LA: $1,238
Cost of Container Transport is down 92% year over year
— Moiz Ali (@moizali)
6:52 PM • Mar 2, 2023