2019 vs 2020 vs 2021: How has Covid impacted Christmas?

Inside Retail

If you cast your mind back to 2019, Christmas was business as usual. “E-commerce The post 2019 vs 2020 vs 2021: How has Covid impacted Christmas?

Best Retail Marketing Tips for 2019

Retail Next

No lines, lots of choices, affordable deals, shop anytime and anywhere – these are just some of the many reasons why 51 percent of Americans prefer to shop online. Needless to say, the online retail industry has gotten bigger. From $390 billion in 2016, total sales jumped to $453 billion in 2017.

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Shoppers’ In-Store and Online Expectations for 2019

Wiser

To learn more about the changes consumers are looking for in the coming year, Wiser has surveyed over 2,400 of our mobile app users about their 2019 shopping preferences. 52 percent of survey participants are more likely to make a purchase in-store in 2019 while 48 percent are more likely to make a purchase online. A common theme that can be seen in the 2019 retail landscape is a growing desire for sales, discounts, and highly competitive pricing among brands.

Retail Performance Pulse: Stores Enjoy Strong Opening of Holiday Season

Retail Next

The latest edition of the RetailNext Retail Performance Pulse has been published and is available for download, providing an overview of brick-and-mortar store performance for the retail month of November 2019 (November 3-30 on the industry’s 4-5-4 calendar).

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30+ Ecommerce Metrics Benchmarks (May 2019)

Store Growers

The post 30+ Ecommerce Metrics Benchmarks (May 2019) appeared first on Store Growers. I use a lot of ecommerce benchmarks in my client projects. For new clients, these metrics offer a great way to put together a plan to set goals and expectations. And with existing clients, benchmarks are good way to see how we stack up against others. This article bundles all of the different research and reports that I have collected over the years.

When is Price Skimming Effective? Pros and Cons for Brands

Wiser

When done right, a new product launch can be a big win for a brand. Apple is usually on the winning side of its product launches, with lines wrapped around the corner for the next iPhone or new gadget. A big part of a successful product launch is the price.

How do you think the second half of 2019 will be for your store?

Retail Smart Guys

The first half of 2019 was certainly, well, interesting. Nearly every retailer I talk to tells me that it wasn’t great.

What is Penetration Pricing? Advantages and Disadvantages for Brands

Wiser

Are you getting ready to launch a new product? It’s at this time that brands need to focus on setting the right price to attract the most customers possible. This is when penetration pricing can come into play. But what is penetration pricing?

Retail Performance Pulse: Store Sales Trends Continue to Outpace Shopper Traffic Trends

Retail Next

For a full reporting of physical store performance for the month of October 2019, please download your copy of the Retail Performance Pulse today. Company Retail Trends & Insights October 2019 brick-and-mortar store performance October 2019 store performance Retail Performance Pulse

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Retail Performance Pulse: Labor Day Performance Powers Stores to the Close of a Strong Summer Quarter

Retail Next

The latest edition of the RetailNext Retail Performance Pulse has been published and is available for download, providing an overview of brick-and-mortar store performance for the retail month of September 2019 (September 1 through October 5 on the industry’s 4-5-4 calendar).

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Single Keyword Ad Groups: Still Relevant in 2019?

Store Growers

Are Single Keyword Ad Groups Still Relevant in 2019? 2019: Synonyms and intent come to phrase and modified broad match. Adapted to 2019 keyword match types. The post Single Keyword Ad Groups: Still Relevant in 2019? Google Ads works best when your ad can exactly match what a person is looking for. That sounds simple, but it’s not always easy to accomplish as an advertiser.

Super Saturday Shopping Traffic Down Over 2019

VMS

percent on so-called Super Saturday, or the Saturday before Christmas, when compared to 2019 figures, according to preliminary data from Sensormatic Solutions. The post Super Saturday Shopping Traffic Down Over 2019 appeared first on Visual Merchandising and Store Design.

Woolworths settles 2019 class action over underpaying staff

Inside Retail

Woolworths Group Ltd said on Friday it has provisionally settled a class action lawsuit filed against it by a Canberra law firm in 2019 for underpaying supermarket workers. The post Woolworths settles 2019 class action over underpaying staff appeared first on Inside Retail.

Report: Forecasting & Retail Analytics Going Into 2019

Retalon

Get the Survey Report Report: Forecasting & Retail Analytics Going Into 2019 Retalon Predictive Analytics 12 March, 2019 "/> How retailers are optimizing and automating their business Retalon Predictive Analytics 04 March, 2019 "/> Integrated Planning & Inventory Management Special Report Retalon Predictive Analytics 01 February, 2019 "/> Integrated Planning: Getting It Right – A Boston Retail Partners Report Retalon Predictive Analytics 31 January, 2019 "/>.

4 Trends in Last-Mile Delivery That Can Help Drive Sales

Wiser

It’s often said that the last step is the hardest to take. This is certainly a challenge faced by many eCommerce brands and retailers—how to get customer orders that last mile to their front doors.

Retail Performance Pulse: Stores’ Strong Summer Continued in August

Retail Next

The latest edition of the RetailNext Retail Performance Pulse has been published and is available for download, providing an overview of brick-and-mortar store performance for the retail month of August 2019 (August 4 through August 31 on the industry’s 4-5-4 calendar).

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5 Holiday Merchandising Tips for Effective Seasonal Displays

Retail Next

Holiday Shopping Retail Store Operations holiday 2019 holiday shopping merchandising retailThe holiday season always brings out the best in retailers and merchandisers alike.

Nike Left Amazon. Should Your Brand Leave Too?

Wiser

According to Amazon data, the company’s Prime Day event in 2019 recorded more sales than 2018 Black Friday and Cyber Monday combined, with more than 175 million products sold. Have you heard the news that Nike will no longer sell merchandise on the Amazon.com marketplace? It quickly became a major, trending news story—Nike will turn its attention to its direct-to-consumer channel and look to recoup those Amazon sales on its own website. What’s the deal with that?

4 Pricing-Related Tips to Launch a New Product

Wiser

When a new product launch goes well, it’s fantastic! When it goes wrong, it often goes really wrong. Think Google Glass, the Segway, and Barnes and Noble’s Nook.). What is one common theme across all product launches, good or bad? Pricing.

5 Unethical Pricing Pitfalls to Avoid

Wiser

Is your company home to ethical or unethical pricing strategies? We all would like to say that our business is ethical and upstanding, but unfortunately, there are a lot of grey areas in between. It’s hard to implement perfect, 100-percent ethical prices across your entire assortment, especially if you’re not sure what is ethical or unethical pricing, anyway. Here is what you need to know to stay ahead of any ethical issues with your pricing strategies.

How parcel service delivery has evolved in 2019

Retail Technology Review

By Matthew Robertson, Co-CEO, NetDespatch. Parcel service delivery has evolved significantly in recent years, especially as online sales continue to soar, the demand for parcel delivery has gone up in parallel. Critical Issues Internet Retailing Retail Supply Chain

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List Price vs. Net Price: What You Need to Know to Optimize Your Pricing Strategies

Wiser

A price is never one number. In reality, prices are constantly changing. They have different names and purposes, and finding the right price for the right scenario is an important challenge to tackle for any successful brand or retailer.

7 reasons why retail mobile technology is growing in 2019

Jamf on Retail

According to a recent study Jamf commissioned, here are 7 reasons why retail mobile technology is growing in 2019. A powerful Mobile Device Management (MDM) system is key to keeping it all running smoothly

7 reasons why retail mobile technology is growing in 2019

Jamf on Retail

According to a recent study Jamf commissioned, here are 7 reasons why retail mobile technology is growing in 2019. A powerful Mobile Device Management (MDM) system is key to keeping it all running smoothly

Ethoca wins Most Innovative Online Solution at the UK Fraud Awards 2019

Retail Technology Review

Ethoca, the leading provider of collaboration-based technology solutions that help card issuers and online merchants increase card acceptance and stop ecommerce fraud and disputes, has won ‘Most Innovative Online Solution’ at the UK Fraud Awards 2019.

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Retail Quality Report 2019: Global retailers still struggling with digital

Retail Technology Review

Applause, the digital quality and crowdsourced testing solutions provider, has released the global findings of its annual Retail Quality Report. It shows that global retailers are failing to keep up with consumer expectations for optimised digital experiences. Critical Issues Internet Retailing Supply Chain

Secrets to eCommerce success to be revealed at B2B Marketing Expo 2019

Retail Technology Review

The secrets to succeeding in B2B eCommerce are to be unveiled to marketers at this year’s B2B Marketing Expo 2019. Retail Supply Chain Internet Retailing Exhibitions and Events

[Total Retail]: 4 Key Elements Driving Superior Customer Experience In-Store

Wiser

People, products, shopability, and sentiment. These are the four key elements driving superior customer experience in-store, according to Wiser CEO Andy Ballard.

8 Simple Tactics to Increase Market Basket Size

Wiser

The goal of any brick-and-mortar retailer is to sell. You want your customers to come in early and often, and you want them to leave satisfied. Whether you achieve this goal or not can be summed up with one metric: market basket size. What is a market basket? It’s the total of a shopper’s purchases during one specific visit to your store. A small market basket size is one item—what counts as a large basket is up to you.

Product Bundling: What It Is and How to Bundle like a Pro

Wiser

What’s one thing that shoppers love? Getting a good deal. What’s one way that can brands and retailers serve up those deals? With product bundling. Keep reading to learn more about product bundling, what it is, why it works, and how brands and retailers should incorporate bundling into their eCommerce and brick-and-mortar strategies. What is Product Bundling? Product bundling is when two or more items are packaged together for sale at a lower price than the items sold individually.

How to Collect Customer Data and Improve Shopper Experience

Retail Next

In today’s world, collecting data and basing decisions on the calculated data is critical to success, especially in the retail market.

How to Measure Consumer Behavior: 3 Metrics for Brands and Retailers

Wiser

A brick-and-mortar store is in constant motion. The assortment, merchandising, layout—all change often. In order to maximize revenue and provide top-notch customer service, of course. This is great, but there’s a real challenge behind knowing which strategy is the right one. Will that new display drive sales? Will a new product bring in more shoppers? Will a promotion here eat into sales or lift them up? It’s normal to be a bit nervous about a change inside your stores.

How to Create Effective Sales Promotions

Wiser

Promotions are a popular technique for brands and retailers to motivate customers and drive sales. You’ll see promotions in all shapes and sizes, from buy one get one free to a percent off to free shipping. . Here’s how leading brands and retailers today create effective sales promotions: . Track Competitor Behavior. The first step toward a high-quality promotional strategy is to track competitor behavior.

How to Improve Your Store’s First Impression Through Targeted Branding

Retail Next

Having a brick-and-mortar store is more challenging than it used to be. The rise in e-commerce has left many retail shop owners out of ideas and out of business. However, despite the doom and gloom, retail research shows that 49 percent of consumers still prefer brick-and-mortar.

Why is Average Unit Retail (AUR) Important?

Wiser

Average Unit Retail, or AUR, is a key metric used in retail today, alongside other important data points such as market share, average order value, and units per transaction. But what is Average Unit Retail, and why is AUR important? Let’s find out. Average Unit Retail Defined. Average Unit Retail, in simple terms, is the average price an item is sold for in a specific time period. AUR is calculated by dividing the total revenue or net sales in dollars by the number of items sold.

What is the Grey Market and How to Reduce Grey Market Sales

Wiser

Do you know where your products are currently sold? In a perfect world, you’d have control over every distribution channel and know exactly who your sellers are. Of course, we don’t live in a perfect world. Somewhere mixed in with your approved sales channels is the grey market. This murky area can be a serious headache for brands, especially without a firm understanding of what the grey market is and where it exists.

2019 JNUC Diversity Sponsorship Applications Now Available

Jamf on Retail

For the third year in a row Jamf is offering 10 JNUC Diversity Sponsorships for people from underrepresented groups within the technology sector. They include free admission and a $500 stipend

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2019 JNUC Diversity Sponsorship Applications Now Available

Jamf on Retail

For the third year in a row Jamf is offering 10 JNUC Diversity Sponsorships for people from underrepresented groups within the technology sector. They include free admission and a $500 stipend

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Stockout notifications up 325% from 2019: Adobe

Retail Dive

Retailers are ordering extra inventory and adjusting their operations to meet this year's holiday demand

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What is Direct-to-Consumer and How to Balance D2C with Wholesale

Wiser

Direct-to-consumer strategies have transformed retail, both in the way consumers shop and how brands and retailers manufacture, market, and sell. As with any successful retail strategy, there are pros, cons, and considerations before fully embracing—or rejecting—D2C. Importantly, a winning direct-to-consumer business will artfully navigate the relationships between brand, retailer, and consumer. What Does Direct to Consumer Mean?

What Gen Z Wants from Their In-Store Experience

Wiser

People have studied buying habits and consumer sentiment of Millennials. However, there is a new generation, Generation Z, which will soon have a major impact on brands and retailers. Gen Z was born from roughly 1995 through 2010, which means they’re about nine to 24 years old. I myself am part of Gen Z. Gen Z is the first generation to have had access to the internet and current advanced technology for their entire lives.

What Is Phantom Inventory? Here’s How to Spot It

Wiser

Are there ghosts haunting your shelves? No, not real-life ghosts: phantom inventory. Walk through the aisles and see empty shelves and out-of-stock products. Check the system and see that everything looks good. It looks like there is enough inventory in the back room and on the shelves to meet demand. But your eyes don’t lie. Something is off. . What’s wrong is called phantom inventory. . What is Phantom Inventory? . Phantom inventory is inventory reported that does not exist.

What devices are consumers using for online shopping in 2019?

Retail Technology Review

Online shopping is slowly supplanting the high street and the supermarket as the most popular form of commerce worldwide, with 87% of retail perchance in the UK alone now made online. Internet Retailing Mobile Computers Data Capture