Remove 2022 Remove Dead-Stock Remove Promotions
article thumbnail

Five Ways Ecommerce Retailers Can Sleep Well and Sell More This Black Friday

Retail TouchPoints

trillion in 2022 and represent 21% of all retail sales. That means the 2022 Black Friday will be even more hectic for online retailers around the globe. To make this process easier, retailers can take advantage of intelligent automation, which promotes and recommends products best suited for each shopper.

article thumbnail

Breaking Barriers: How Brick-and-Mortar Retailers can Deliver Exceptional Customer Experiences

Retail TouchPoints

People have been saying “Retail is dead” for several years now. in its fiscal year 2023 (ending in September) versus 2022…which may come as no surprise to you at all if you’ve been in a Costco on a Saturday lately. No, retail isn’t dead. Bad retail is dead. The problem is it simply isn’t true. Costco grew revenue by 6.7%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Importance of Using Search Data to Drive Ecommerce Success

Retail TouchPoints

Zero results pages can also illuminate the need to configure better synonyms to prevent dead-end searches. You can use insights from shoppers’ previous on-site searches to retarget them, creating and sending more relevant promotional emails, either on an individual basis or as part of wider campaigns.

article thumbnail

No tricks: Why The Party People is bringing in AR mirrors for Halloween

Inside Retail

For instance, AR mirrors can make use of under-utilised and dead spaces – generating sales without requiring much floor space. You don’t need extra stock or staff to run them and, in terms of scaling, it’s just about finding space for a few extra mirrors,” Salakas said.

article thumbnail

Inside the rumoured death of physical stores and other predictions for 2022

Inside Retail

As the festive season continues and sales continue to flow in, so too do predictions for retail in 2022. Through Covid, we have seen a vast number of permanent store closures, which has somewhat re-ignited the ‘stores are dead’ debate. I presented arguments for both sides, and then concluded that it may end up being a bit of both.

article thumbnail

Battle of the superapps: GoTo vs Sea in Indonesia

Inside Retail

Online food delivery: dead heat on a major battleground. Students favoured Shopee (51 per cent), while employees leaned toward GoTo (40 per cent), but overall it was pretty much a dead heat, with 39 per cent of respondents who ‘mostly used’ GoTo and 38 per cent who ‘mostly used’ Shopee. Singapore-based Grab was a distant third.

article thumbnail

Retail technology for building recession resilience

I Vend

Based on what we know from previous recessions and the way in which retailers’ actions and approaches affected their performance and recovery, it would seem that the key focus areas for retail strategy in 2022 must be: Streamlining processes to reduce inefficiency and maximise staff productivity – front and back of house. Product mix.