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AI-led eCommerce Platform, Intelligence Node, Records Unprecedented…

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Intelligence Node, a leader in AI-driven retail intelligence and competitive analytics, experienced unprecedented sales velocity since inception with an open sales pipeline that is 4.7x the pre-pandemic volumes. The company also announced the launch of new products to capitalize on the growing eCommerce market – PriceIntelligence AI, a new price optimization app for Shopify customers and Digital Shelf Analytics, a capability to understand and improve search, content, and user review sentiment around a specific product or category.

2020 saw tremendous eCommerce growth with $2 trillion being spent globally online during the year. The pandemic coaxed both enterprise and SMB retailers to pivot to selling online – rapidly increasing the adoption rate of retail enablement platforms like Shopify. As compared to 2019, the Shopify eCommerce platform grew 86% in 2020 to $2.9 billion in revenue and serves over 1,700,000 retail businesses today. Intelligence Node responded by expanding its advanced analytics offering, battle-tested by Fortune 500 clients, to the SMB market with the soft launch of its PriceIntelligence AI app on the Shopify ecosystem.

In addition, the Company has launched a new solution, Digital Shelf Analytics, to complement its pricing and assortment solutions for the enterprise retail segment. The new offering is a strategic addition to address the evolving needs of the eCommerce ecosystem which is forecasted to reach $4 trillion by 2024.

“We’ve seen hyper-growth and accelerated sales velocity since the start of 2021. We are closing larger deals at a faster pace, acquiring new enterprise customers every week, including Fortune 500 customers and category leaders like Nestle, Lenovo, LVMH, Prada, and Schwarz Gruppe.” said CEO, Sanjeev Sularia. “Launching our Digital Shelf Analytics solution positions us to offer a broad suite of capabilities to retailers and brands – everything from competitive pricing to content audits and customer review sentiment.”

To better align its offerings with the evolving eCommerce market, Intelligence Node has also completed an extensive rebranding effort. In addition to a new, contemporary brand identity and customer centric website design, Intelligence Node has also refreshed its product names, segmented to better serve brands and retailers.

“Our rebranding aims to amplify our mission and align our messaging to speak to the needs of our core audience, forward-thinking brands and retailers,” explains Leela Gill, Global VP of Marketing and Design at Intelligence Node. “In addition, retailers and brands will now find our unique product solutions packaged under one product name that speaks to their segment. We believe this new alignment will help further accelerate our revenue growth.”

The new product names, features, and design are just part of Intelligence Node’s overall mission to democratize retail by offering fast, accurate, and reliable eCommerce data to its customers so they can offer shoppers the best choices.

In an environment surrounded by uncertainty with the prevailing COVID-19 pandemic, Intelligence Node remains bullish on its growth trajectory. As retailers and brands embrace the criticality of digital transformation and eCommerce leadership, Intelligence Node is uniquely positioned to be the partner of choice for large global players and the competitive SMB market.

About Intelligence Node
Intelligence Node’s mission is to provide the most comprehensive data-rich eCommerce perspective of the consumer buying journey to retailers and brands so they can thrive in the Age of Amazon.

We offer a real-time retail eCommerce intelligence platform that empowers businesses to drive product level profitability and grow margins using data-driven competitive insights, AI-driven pricing, MAP monitoring and more. Intelligence Node has the world’s largest product and pricing dataset with unmatched accuracy, at 99%, which feeds the growth of more than $600 billion in retail revenue globally. Our proprietary patented algorithms are delivered via SaaS portal, file feed, or APIs, providing rapid plug & play accessibility. We are the platform of choice for global retailers and brands, including category leaders like Nestle, Lenovo, LIDL, Prada, and many others. Learn more about the company at http://www.IntelligenceNode.com.

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Source: https://www.prweb.com/releases/ai_led_ecommerce_platform_intelligence_node_records_unprecedented_growth_amidst_post_pandemic_ecommerce_explosion/prweb18213204.htm

Ecommerce

New Research Study Reveals Improving Consumer Experiences Combats…

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Productsup, the leading ecommerce data integration company, today released the findings of its commissioned study conducted by Forrester Consulting, “The Future of Commerce Technology.” The study, which surveyed 375 business decision-makers and directors in Europe and North America, found commerce anarchy is one of the biggest hurdles organizations are facing, and in turn, are prioritizing product data management to effectively scale and deliver better user experiences.

Commerce anarchy describes the exponential rise in complexity for brands, retailers and service providers to manage omnichannel business-to-business (B2B), business-to-consumer (B2C), and direct-to-consumer (D2C) processes. With sales and marketing channels evolving rapidly, organizations are struggling to deliver a unified customer experience across all product touchpoints, resulting in fractured customer and partner relationships. Specifically, Forrester’s research reveals poor product data has led to missed sales opportunities (27%), inability to operate efficiently (25%), decreased revenue (24%) and lower customer satisfaction (23%) for organizations.

“Consumers looking to buy a product are inundated with places to go to ultimately make their purchase, and it takes seconds for them to decide against a certain retailer or brand based on their experience,” said Marcel Hollerbach, Chief Innovation Officer of Productsup. “Organizations need to have a holistic, consistent presence no matter where their end users are shopping, but commerce anarchy makes this an impossible feat. Without the right support, businesses risk significant loss in revenue or even worse bankruptcy.”

Forrester’s research surveyed organization leaders who are directly responsible for commerce technology and strategy implementation within their companies. The data reveals that improving the experience for consumers is not only an important (44%), but a critical initiative (25%) over the next 12 months. Considering consumers are attracted to a more personalized shopping experience and increasingly looking to digital channels, 66% of organizations are personalizing their customer-facing web and mobile experiences.

Other key takeaways from the study include:

  • Improving business efficiency is a top software priority during the next 12 months for 69% of organizations.
  • Sixty-two (62%) percent of organization leaders are currently planning to update or entirely replace their commerce platform system, or are evaluating plans to do so.                    
  • Organizations look for technology providers that are affordable (36%) and that have expertise on customer experience (35%) and software platforms (32%).

“Although selling a product to a consumer is becoming more complex every day, the process of buying a product from a retailer still needs to be a seamless transaction for end users,” Hollerbach said. “Brands, retailers and service providers need to rely on strong partners to provide the expertise in new technologies that help them adapt to market changes, provide customer value and survive in this highly competitive market.”

To learn more about commerce anarchy and its impact on the retail landscape, download the full study: http://www.productsup.com/guides/forrester-consulting-study-the-future-of-commerce-tech/.

To learn more about Productsup’s ecommerce data integration solutions, please visit http://www.productsup.com.

###ENDS###

About Productsup

Productsup empowers brands, retailers, and service providers to reach more customers on more channels and maximize sales. The company’s pioneering platform enables leading global companies like IKEA, Sephora, or ALDI to successfully aggregate, optimize, contextualize and distribute product content across more than 2,500 marketing, ecommerce, and retail channels. Headquartered in Berlin, Productsup has raised a total of $45 million in funding. Learn more at http://www.productsup.com.

For more information, please contact:

Madalina Tarkowian

[email protected]

+49 30 577003875

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Source: https://www.prweb.com/releases/new_research_study_reveals_improving_consumer_experiences_combats_commerce_anarchy/prweb18268739.htm

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Via.Delivery Appoints Jeff Macak Chief Operating Officer

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Jeff Macak, Chief Operating Officer and Head of U.S. Operations, Via.Delivery

“I am excited to welcome Jeff to our leadership team,” said Mitchell Nikitin, CEO and Co-Founder, Via.Delivery. “His extensive experience in e-commerce and operations will help us attract pure play e-commerce customers and build a strong alternative delivery location network here in the U.S.”

Via.Delivery, the alternative delivery location company poised to transform the shipping and delivery markets, today announced the appointment of Jeff Macak as Chief Operating Officer and Head of U.S. Operations.

Macak joined Via.Delivery with broad supply chain experience across the retail, manufacturing and food distribution industries, as well as across international, domestic, store replenishment and customer fulfillment channels. Most recently, he served as the Chief Supply Chain Officer for Bed Bath & Beyond where he built the company’s diverse supply chain.

“I am excited to welcome Jeff to our leadership team,” said Mitchell Nikitin, CEO and Co-Founder, Via.Delivery. “His extensive experience in e-commerce and operations will help us attract pure play e-commerce customers and build a strong alternative delivery location network here in the U.S. We will benefit from Jeff’s strong performance record, strategic insight and industry relationships.”

“I am thrilled to join Via.Delivery, a company poised to transform the shipping and delivery markets by building the world’s largest alternative delivery location network,” said Macak. “Via.Delivery has a strong business model that can scale quickly across the U.S. I’m looking forward to helping the millions of online retailers that don’t have brick-and-mortar locations to compete with Amazon and traditional retailers by giving them the technology they need to rapidly activate a unique Buy Online, Pickup in Store (BOPIS) solution giving their customers access to thousands of convenient commercial pickup locations that dramatically reduce shipping costs.”

Jeff Macak’s Bio

During his 20-year distinguished tenure with Bed Bath & Beyond (BBBY), Macak developed what is now the distribution backbone for the majority of goods flowing to the Bed Bath & Beyond stores, while guiding the needs for expanded revenue streams. He oversaw a 5,000-plus person team and was responsible for more than $500M in supply chain spend across channels/brands.

During his time at Bed Bath & Beyond, Macak built the company’s diverse supply chain and contributed to more than quadrupling the number of stores and the company’s annual revenues. He built and led a network of replenishment warehouses, crossdocks, import facilities, e-commerce fulfillment centers and more.

Prior to joining Bed Bath & Beyond, Macak served in leadership roles at Ameriserve Inc. (acquired by McLane), Manugistics Inc., the Deloitte-Garr Consulting Group, and KPMG Consulting, LLP. He also served as a member of the Executive Advisory Board of Directors for FedEx.

About Via.Delivery

Via.Delivery is the alternative delivery location company poised to transform the shipping and delivery markets by building the world’s largest alternative delivery location network. The company is helping the millions of online retailers that don’t have brick-and-mortar locations compete with Amazon and traditional retailers by giving them the technology they need to rapidly activate Buy Online, Pickup in Store (BOPIS) and giving their customers access to thousands of convenient pickup locations with dramatically reduced shipping costs.

Via.Delivery’s first-to-market next-gen digital logistics and cloud-based delivery platform makes it easy for e-commerce retailers to activate BOPIS, ship orders to thousands of BOPIS locations around the world, and automatically alert shoppers of shipping and delivery status. Via.Delivery’s API and Shopify plug-in also make it possible for e-commerce merchants to get up and running with BOPIS, almost instantly.

Via.Delivery has more than 2,000 pure play e-commerce merchants on its technology platform and more than 66,000 alternative delivery locations around the world.

Via.Delivery is based in Menlo Park, CA with offices in Moscow, Russia. Follow Via.Delivery on Twitter, LinkedIn and Facebook.

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Source: https://www.prweb.com/releases/via_delivery_appoints_jeff_macak_chief_operating_officer/prweb18269020.htm

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Shopify calls CartHook Post Purchase Offers one of the best apps for…

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“CartHook has spent years working with large-scale, high-growth merchants to optimize their post-purchase upsells, and we’re thrilled Shopify has recognized us as one of the key apps for making Shopify Plus stores successful,” says Emily Foreman, CEO at CartHook.

Shopify names CartHook Post Purchase Offers one of the best apps for Shopify Plus stores by designating the app a Shopify Plus Certified app.

Through the designation, Shopify—the platform that has produced more than $314B+ in sales from over 1.7 million enterprise businesses—recognizes that CartHook’s post-purchase upsells generate serious new revenue and AOV boosts for their enterprise customers.

Shopify defines their Plus certified apps as those designed to reduce complexity, so merchants can focus on growth, which is exactly what Post Purchase Offers was designed to do.

With CartHook’s individualized post-purchase strategy consultations, support, onboarding, and resources for Plus merchants, CartHook Post Purchase Offers makes it easy to get set up and see results fast. That’s how CartHook has helped Shopify stores generate more than $250M in post-purchase upsell revenue.

“CartHook has spent years working with large-scale, high-growth merchants to optimize their post-purchase upsells, and we’re thrilled Shopify has recognized us as one of the key apps for making Shopify Plus stores successful,” says Emily Foreman, CEO at CartHook.

CartHook Post Purchase Offers helps boost revenue and AOV with real one-click post-purchase upsells between the Shopify checkout and thank you page. On average, Shopify stores using CartHook see a 10% increase in their revenue. Some Shopify Plus stores have more than doubled their revenue with CartHook Post Purchase Offers.

CartHook’s impact on Shopify plus brands:

  • Since adding CartHook, a non-alcoholic spirits brand had a 137% increase in revenue due to their upsell funnels
  • 8 months into using CartHook, a consumer electronics brand has experienced a 78% increase in revenue due to their post-purchase upsell offers
  • A luxury luggage company experienced a 58% increase in total revenue since launching 3 months ago, with a 36% conversion rate on their highest performing funnel

“CartHook has increased our AOV by 24%, says Benjamin Smith, founder of Disco Skincare for Men. “Every Shopify store should be using CartHook to increase AOV and LTV. Setting up a funnel takes 5 minutes and has easily been the most impactful change we’ve made to our Shopify store to drive revenue.”

Merchants see an average 15% acceptance rate on their post-purchase offers, results that happen because customers accept with just one-click—there’s no need for them to re-enter payment or shipping info.

By triggering offers based on what the customer just bought, Shopify Plus stores can leverage their knowledge of their customers to deliver enticing offers, including offering a subscription as a post-purchase upsell.

And with support for high-converting features including ShopPay, merchants can rely on results.

Shopify Plus merchants customize offers to match their brand, one of the reasons Nik Sharma, CEO of Sharma Brands, says, “I love putting my brands on CartHook. There is no other app that makes it so easy to drive incremental revenue while maintaining brand loyalty.”

And with so many ways to quickly implement different post-purchase upsell strategies, Shopify Plus merchants can quickly adapt to seasonal and inventory realities.

“We use CartHook in many different ways to help with our marketing objectives,” says Hayden Wadsworth, CEO of HydroJug. “It is very useful for upsell items as well as sale items that we are trying to blow out. It is very easy to use and the analytics are great.”

Out of thousands of apps in the Shopify ecosystem, only 75 are distinguished as Shopify Plus Certified apps.

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Source: https://www.prweb.com/releases/shopify_calls_carthook_post_purchase_offers_one_of_the_best_apps_for_shopify_plus_stores/prweb18266793.htm

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Lab Alley Named to Inc. 5000 List for 2021

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Lab Alley, a national e-commerce provider of high-purity lab chemicals and high-quality lab supplies, proudly announced its inclusion on the 2021 Inc. 5000 list of America’s most successful privately-held companies. Of the six-million private companies across the U.S. ranked for the Inc. 5000 list, Lab Alley debuted at a formidable #396 on the list, having experienced a 1216% three-year growth rate.

Unlike other similar lists based upon only a company’s net worth, the Inc. 5000 is an elite showcase of the most noteworthy company growth and development nationwide. Lab Alley ranked #12 of the 109 Austin-based companies that made this year’s list.

“This is the most thrilling, thriving period of our company’s history to date,” said Lab Alley CEO Fred Elabed. “We were a scrappy startup just five years ago, but we’ve grown at a remarkable rate. Austin is such a boomtown for entrepreneurial businesses – it’s awesome that Lab Alley measures up so well against so many fast-growing local companies!”

Elabed credits Lab Alley’s brilliant team for the company’s exceptional success and is currently seeking to add new talent to his workforce – including positions in accounting, customer service, marketing, and operations, as well as bringing on a new controller.

“We’re working hard to keep up with our extraordinary growth,” Elabed noted. “Not only are we increasing our hiring by 100%, but also, we’ve also recently launched an AutoShip option, conducted extensive client surveys, and enlarged our advisory board.”

Additionally, Lab Alley is currently working to expand its product portfolio by 200%, refresh the company’s brand and positioning, and revamp its website to include key features designed to enhance the user experience.

“We’ve got no intention of slowing down,” concluded Elabed. “Ranking within the Inc. 5000 is a genuine honor – we hope to keep on earning it for many more years yet to come.”

For more information on the 2021 Inc. 5000, please visit the Inc. 5000 webpage.

About Lab Alley
Founded in 2013 by e-commerce entrepreneurs Fred and Holly Elabed, Lab Alley has grown into a thriving family-owned-and-operated business headquartered in Austin, Texas. Our mission is to supply essential, daily-use products to our customers – on-budget and on-time, every time.

We consider every online order a professional interaction requiring and deserving of personal attention. So we strive to provide the easiest online ordering experience, the fastest delivery possible, superior quality and superior affordability, and safe handling with the utmost care.

Whether we are helping power science, advance research & development, facilitate innovation, create products, and/or safeguard the world, our friendly team is always hustling to meet our clients’ needs perfectly.

For more information, please visit LabAlley.com.

Disclaimer

Lab Alley makes no representations, warranties, or covenants, either express or implied, or arising by statue, usage, or trade, custom or otherwise, of any kind with respect to the products we carry.

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Source: https://www.prweb.com/releases/lab_alley_named_to_inc_5000_list_for_2021/prweb18265927.htm

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