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Retailers: Leverage Customer Data to Navigate Lower Spending Due to Inflation

Retail TouchPoints

Retailers sit on massive troves of data and almost none of them use it ,” said Peter Curran, General Manager at cloud commerce app Lucidworks in an interview with Retail TouchPoints. Shoppers want to feel seen and have their financial challenges recognized, and that’s only possible with careful analysis of customer data.

Consumer 276
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How to Forecast Demand in Retail (2020)

Retalon

On top of that, even smaller retailers must address the multi-channel reality of today’s shopping environment. Increasingly tech-savvy customers comparison shop not just against competitors, but even against a retailer’s other sales channels. Customers’ constantly-shifting color preferences will influence the demand for apparel.

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These 11 Stores Are Killing It On Google Shopping (Case Studies)

Store Growers

These results come from a client of mine that runs advertising campaigns on a lot of different platforms, including Search and Shopping campaigns on Google Ads. I’ve included this store to show the potential of well-managed Shopping campaigns, especially compared to Search campaigns. They already advertised heavily on Google.