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Exclusive Q&A: Cashierless Grocery Requires a ‘Very Human Response to the Customer’

Retail TouchPoints

In an interview with Retail TouchPoints , Douang and Jason Chiu, Professional Services Group Manager for Canada at Axis Communications , revealed how they worked together to develop a seamless, secure and human-centered cashierless grocery shopping experience. As Gen Z gets older, those consumers are going to control a bigger market spend.

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How to Create a Seamless Relationship Between Marketing and Merchandising

Wiser

The 4 P’s; product, placement, price, and promotions are basic components of a marketing plan. In a retail setting, marketing and merchandising teams decide on the 4 P’s. It is crucial for the merchandising and marketing team to work together throughout a product’s life cycle.

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CCS 2021: Levi’s, 1-800-FLOWERS, Under Armour Reveal How They’re Meeting Fast-Changing Consumer Expectations

Retail TouchPoints

5 Social Advertising Trends for Retailers to Know in 2021: Featuring Under Armour. that’s why marketing teams are allocating more of their spend towards them. research found that 74% of marketers spend one-third or more of their budgets on social advertising.

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10 Most Important Ecommerce KPIs to Measure in 2023

Retalon

How to Calculate GMROI = (Annual Gross Margin ÷ Average Inventory) x 100 To break this down: Gross Margin = Total Revenue – Cost of Goods Sold Average Inventory = (Beginning Inventory + Ending Inventory) / 2 Benchmarks GMROI can vary widely depending on the retail sector: Overall, a GMROI of 2.0+ Anything under 1.0