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☆ Shein's U.S. charm offensive and IPO could hinge on NRF membership. So far, it's been rejected
▼ + stars: | 2024-05-13 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +9 min

Open to allIt's unclear why the NRF rejected Shein's membership application, but according to one of the people familiar, someone with sway is strongly against the company's admittance. The NRF's board has a leadership team and an executive committee. An NRF membership application form that can be found online states: "Companies principally engaged in retailing are eligible for membership in the Federation." Two of the board members said they weren't aware of any instances where the NRF denied a retailer membership. "I don't think they are in the business of turning anyone down," one of the board members told CNBC.

Persons: Scott Olson, Matthew Shay, Courtney Reagan, CNBC Steve Dennis, Neiman, Sears, Dennis, Shein, John Furner, Bob Eddy, Mike George, Brian Cornell, Tony Spring, wasn't, Wang Ying, Ashley Sanchez, Joscelin Flores, Allen J, They've, Temu, it's Organizations: Getty, National Retail Federation, CNBC, Neiman Marcus, New York Stock Exchange, Shay, Walmart U.S, BJ's Wholesale, Qurate, QVC, Federation, Brands, Publicis Groupe, Coresight, Xinhua News Agency, Forum, World Retail, Los Angeles Times, Chinese Communist Party Locations: Whitestown , Indiana, New York City, America, U.S, New York, United States, Hamburg, Germany, Los Angeles, Paris, Davos, Switzerland, Las Vegas, Shoptalk, Fontana, Ontario Mills, Ontario

☆ Shopify has poached at least two dozen employees from Salesforce as it pushes into enterprise e-commerce
▼ + stars: | 2024-04-04 | by ( Madeline Stone | ) www.businessinsider.com time to read: +9 min

Holly Dresden joined Shopify as head of enterprise merchant success in December after six years with Salesforce Commerce Cloud. Evan AgostiniAs it moves further into enterprise, Shopify hasn't always been subtle about zeroing in on Salesforce as a competitor. It recently launched a webpage comparing its platform with Salesforce Commerce Cloud, encouraging merchants to "join the mass migration" of brands moving from Salesforce to Shopify. But winning over enterprise retailers requires a different approach, and it's one where Salesforce has more years of experience than Shopify. Talking the enterprise talkPoaching employees from Salesforce isn't the only way Shopify has made an effort to win over enterprise customers.

Persons: —, Shopify, Kal Stephen, Holly Dresden, Everlane, Marc Benioff, Evan Agostini, hasn't, Michael Affronti, we've, Affronti, Shopify's, Salesforce, We've, It's, Rick Watson, Watson, Demandware, Oppenheimer, Ken Wong, Wong, Harley Finkelstein Organizations: Service, Salesforce Commerce, Business, Salesforce, Adobe, SAP, Mattel, Commerce, RMW Commerce Consulting, Accenture, IDC, Manhattan Associates Locations: Salesforce, Demandware

☆ Amazon plans more warehouses and higher headcount in Europe
▼ + stars: | 2023-05-09 | by ( Helen Reid | ) www.reuters.com time to read: +1 min

BARCELONA, May 9 (Reuters) - Amazon (AMZN.O) plans to open new warehouses and hire more people in Europe, an executive said on Tuesday, even as squeezed consumer spending forces the tech giant to cut costs globally and lay off some employees. Amazon has invested 142 billion euros ($156 billion)in Europe since 2010, and its growth in the region was boosted in recent years from COVID-19 lockdowns driving shopping online. The expansion is part of Amazon's push to increase efficiency by cutting delivery distances and making fulfilment centres more automated. "The ability to have a collaborative deployment of AI is really a key strategic element for us," Perego said. ($1 = 0.9084 euros)Reporting by Helen Reid in Barcelona; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

☆ Watch Sara Eisen's full interview with Pinterest CEO Bill Ready
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Sara Eisen's full interview with Pinterest CEO Bill ReadyPinterest CEO Bill Ready joins CNBC's Sara Eisen for an exclusive interview at 'ShopTalk' in Las Vegas. He discusses the company's growth, their new app 'Shuffles', AI and the state of the consumer.

☆ Tesla rival Lucid plans layoffs, as manufacturing and production challenges mount for EV startups
▼ + stars: | 2023-03-29 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Lucid, a Tesla rival, is planning layoffs. The EV startup is planning to lay off hundreds of employees, my colleague Alexa St. John reported. Lucid has had a challenging few months, as it works to nail down manufacturing and production and get cars on the roads. It's not the only EV company that's struggling. Insider's Tim Levin tested out charging a KIA EV at a former Tesla supercharger that's open to all EVs.

☆ TikTok wants its advertisers to know the 'myths vs. facts' after its CEO's day in Congress
▼ + stars: | 2023-03-28 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Now, it seems, TikTok wants to clear up some facts that lawmakers may have gotten wrong. TikTok wants to clear up "Myth vs Fact." After the TikTok CEO's 5-hour hearing at Congress last Thursday, the company wants to reassure advertisers that it'll be fine. The document states: "TikTok does not permit any government to influence or change its recommendation model." Advertisers make up a large chunk of TikTok's user base, which the company says is now at 150 million monthly active users in the US.

☆ Y Combinator-backed headless commerce startup Vue Storefront just raised $20 million with this 14-slide pitch deck
▼ + stars: | 2023-03-23 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Y Combinator-backed Vue Storefront has developed a frontend system for e-commerce sites. Vue Storefront, a Y Combinator-backed startup that aims to improve customers' experiences with e-commerce sites, just raised $20 million in fresh funds. The Polish company, founded in 2020, has built a plug-and-play frontend system for marketplace sites. This is what customers see and interact with, rather than the behind-the-scenes backend system, and is known as "headless commerce". Vue Storefront is rooted in open-source development, having spun out from a design agency.

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