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AI Isn’t Going Anywhere: How Retailers Plan to Deploy the Tech in 2024

Retail TouchPoints

Within the larger global market, McKinsey estimates that the retail and CPG sectors have the most to gain from AI , with potential to harness the tech and drive huge improvements in operational efficiency as well as the customer and employee experience. But many of these tasks may just represent the low-hanging AI fruit.

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5 Key Business Challenges Behind Your Merchandising Strategy

Wiser

Merchandising is obviously an essential part of retail, but keeping your strategy up-to-date and profitable is difficult in a growing competitive market. Often, merchandising includes things like creating a pricing strategy, display design and layout, loss prevention, and store upkeep. What is Merchandising?

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Benefits of People Counting and In-store Visitor Analytics for Supermarkets

V Count

Discover Your Customers and Understand Customer Behavior Most people counters on the market use outdated technologies and claim to be highly accurate; they’re not. Tracking foot traffic in specific store areas via zone analytics can reveal the impact of in-store promotions and advertising on customer behavior.

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The Rise of AI in Retail: Transforming the Industry Online, In-Store, and Socially

365 Retail

One industry that has experienced a paradigm shift due to the introduction of AI is the retail sector, where this powerful technology has been gradually integrated into various aspects, from physical stores to e-commerce platforms and social media marketing. The technology also enables retailers to create targeted marketing campaigns.

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Facial Recognition: Will Consumers Welcome the Technology?

Wiser

Security and Loss Prevention. In retail, facial recognition can be leveraged by loss prevention teams to monitor shoppers for possible criminal behavior. However, 88 percent of our mystery shoppers said they would like push notifications of coupons, promotions, or other deals upon entering a store.

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Benefits of People Counting and In-store Visitor Analytics for Supermarkets

V Count

Discover Your Customers and Understand Customer Behavior Most people counters on the market use outdated technologies and claim to be highly accurate; they’re not. Tracking foot traffic in specific store areas via zone analytics can reveal the impact of in-store promotions and advertising on customer behavior.

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10 Ways to Improve the Customer Experience in Retail

Indigo 9 Digital

And given the growth of DIY videos on YouTube there is a clear demand by the market for consumers to become experts by learning from other experts. They analyze all of the sales data, add more promotions, bring in new products but nothing is working. Classes can be offered by almost any retailer that sells a product.