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8 Key Ecommerce Automation Strategies That Drive Sustainable and Profitable Growth

Retail TouchPoints

in 2019 to 14.9% On one hand, ecommerce automation saves a ton of time compared to manual ways of executing an operation. On another, it may even enable a nonexistent infeasible process, i.e. a process that’s unthinkable in a manual way but can provide an unprecedented growth opportunity to companies when automated.

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4 Tips for Staying Ahead of Retail Competitors

Retail TouchPoints

decrease from 2019 primarily driven by the decrease in single-site operators. To account for this rapidly evolving environment, savvy convenience retailers have focused on closing the gap between what consumers expect and what retailers can deliver. Focus on service. Take the tech leap.

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#RSP22: Everything You Need to Know About Holiday 2022

Retail TouchPoints

Rather than being limited to a jam-packed four to five weeks from Black Friday to Christmas Eve, consumers are beginning their shopping as early as October (with a few doing so even earlier than that). In fact, McNamara noted that Mastercard predicts a comeback for Black Friday 2022, with total sales exceeding 2019 results.

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Imagine being able to see into the future

Inside Retail

Having a better understanding of what your customers want to buy and when could take the guesswork out of sales forecasting, inventory management or staff rostering. And gaining unique insights into consumers’ likely purchasing behaviour is now possible through the CommBank Household Spending Intentions (HSI) Index.

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2021 Technology Predictions for Retail Industry

I Vend

Cloud-based POS systems process and store transaction data online while an on-premise POS system stores data locally on the retailers store server. billion in 2019 and is expected to grow at a CAGR of over 27% from 2020 to 2026. It makes the entire process a lot simpler, making it easier to setup and manage for retailers.

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Has retail seen its watershed moment?

365 Retail

2020 was a year like no other, and the shockwaves caused by the pandemic have inherently altered consumer-facing operations at their very core. In fact, recent figures showed that footfall in physical stores dropped by a whopping 50% in comparison to the same figures for 2019. Or how can they maximise this ongoing opportunity?

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Retail Sales Promotion Goals, Examples, and How AI is Optimizing Them.

Retalon

You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. Rather than focus on the total cost of that new dining set, your customer considers their ability to make the monthly payment. As we’ve seen, consumer psychology influences the response to each type of promotion.