Remove Comparison Shopping Remove Consumer Remove Markdowns Remove Promotions
article thumbnail

Online vs. Offline Retail – Blurring the Line between Bricks and Clicks

Retalon

The internet has indisputably created new opportunities for retailers to reach consumers. This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. – Consumer preference. touching products).

article thumbnail

Retail AI & Predictive Analytics Blur the Line between Bricks and Clicks

Retalon

The internet has indisputably created new opportunities for retailers to reach consumers. This has spurred a lasting debate about whether or not brick-and-mortar stores will remain relevant as more and more consumers subscribe to the convenience of shopping online. – Consumer preference. touching products).

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Forecast Demand in Retail (2020)

Retalon

Demand is an economics concept that describes the willingness of consumers to purchase a specific product at a specific price. Therefore, demand forecasting is a statistical prediction of the willingness of consumers to purchase specific products, at a specific price, in a specific time frame. Demand Forecasting Methodologies.

article thumbnail

An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

With increasing popularity among consumers, BOPIS ‘success last year just accelerated what was already happening. BOPIS allows consumers to collect more information so they can make better decisions. In the comfort of their home, a person can take their time to comparison-shop local stores’ assortments and inventory.