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Walmart launches Text to Shop
Stephen Babcock
December 15, 2022
Conversational commerce comes to the world’s largest retailer. Walmart now allows customers to text their orders for any item, and schedule pickup or delivery. The text service seems well positioned for replenishment: It learns customers’ favorite items, and allows them to access past purchases for reordering.
LA grocer Erewhon’s beauty aisle is a brick-and-mortar destination to discover buzzy digitally native brands. To further this crossover, Erewhon began collaborating with celebrity beauty entrepreneurs like Kourtney Kardashian and Hailey Bieber to create limited-run smoothies. Even though the smoothies were on a “secret menu,” social media helped them become a wellness trend all their own. – Fashionista
As expected, the Federal Reserve pulled back on the size of its latest interest rate hike to 0.5% on Wednesday. But there’s still a long way to go to bring down inflation, and the economy has yet to feel the full brunt of the rate hikes. Hammering the point home: Projections issued by committee members show lower growth and more unemployment for 2023 than they did in September.
Along with housing recognizable names like Schick, Billie and Edge, Edgewell is a leading supplier of private label razors. Previously known as Personna.com, this private label division is now known as Edgewell Custom Brands. – HAPPI
As it grew in emerging markets, fast fashion platform Shein worked with dLocal, which provides payments infrastructure for expansion in Africa, Asia and Latin America. “An important part of creating a great experience for our customers is making sure they can use their preferred payment method,” said Shein’s payments head Ted Wang.
Tweet of the Day 🐦
A story about the state of DTC:
Covid through 2020/21 accelerated growth and inflated results.
'It's finally happening.'
'This is our moment, we deserve it.'
'Years of hard work are finally paying off.'
All reasonable thoughts to have during the time.👇
— Rob Fraser (@robbfraser)
6:20 PM • Dec 12, 2022