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As the Holidays Approach, it’s Time to Rethink Retail Pricing Methodology…and AI Can Help

Retail TouchPoints

In addition to this timing variation, over 60% of shoppers plan to do their browsing online, yet 85% expect to buy at least one product in a store. In this kind of shopping environment, how should retailers align their promotions and markdowns for the greatest impact? Barach guides development and customer deployment of antuit.ai

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You Can’t Spell Retail Without AI

Retail TouchPoints

Over the last year or so we’ve seen retailers and ecommerce sellers adopting AI tools at a frenetic pace. From backend inventory optimization to identifying salesfloor hotspots to highly targeted marketing programs, we’re seeing an influx of great retailing practices, all being driven by AI.

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2023: Ring in Retail Profits by Stopping Automated Threats

Retail TouchPoints

Becoming proficient at navigating these obstacles is key to protecting retail profits. This article reveals effective strategies to safeguard brands’ customers, reputation and revenue moving forward. The retailer is left having to contend with unhappy customers while incurring the expense of gift card fraud.

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The Dropship Dilemma: Why and How Retailers Need to Evolve Dropship Strategies

Retail TouchPoints

There are nuances based on type of retailer, existing ecommerce strategy and whether the products are first-party only or also include third-party fulfillment. One customer we worked with had been managing over 100 third-party fulfillment relationships following a traditional dropship approach.

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Why modern retailers must provide “much more” than what they are selling

Inside Retail

With the rapid evolution of digital channels and online shopping, a global pandemic, and supply-chain challenges, retail is evolving at an unprecedented pace. Customer expectations of engagement and experience in retail are changing equally quickly. To win in retail, you can’t just have a winning online store.

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Zalora exec talks immersive retail and personalised customer journeys

Inside Retail

The Terminal “Our ‘click and mortar’ strategy is designed to integrate the convenience of online shopping with the tangibility of a physical store – where products purchased at the store are delivered straight to customers’ homes to ensure a seamless and engaging customer journey,” he told Inside Retail.

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JD.com’s discounts and Apple’s price cut Lunar New Year retail strategies

Inside Retail

One of the best examples of this came from China, as Apple reduced its retail prices on select iPhone models by almost $70. Xiaofeng Wang, principal analyst at Forrester, believes consumers are going to be a bit more cautious during this year’s festivities.