Retail TouchPoints

JANUARY 25, 2022

Let’s dive into some small ideas that can help tackle big goals: 1) Think Big: Increase customer engagement with more interactive marketing. 4) Think Big: Improve supply chain and inventory management. Act small: Add a feature to your website allowing customers to search inventory availability in local store locations.

Management 262

Management Marketing Customer Experience Inventory Management 262

Retail TouchPoints

JANUARY 6, 2023

consumers reported that they experienced a worsening economic situation over the past year, and members of this group said it would take time for their concerns to subside even as economic stressors abate, according to Deloitte’s Global State of the Consumer Tracker. Promotions can be Effective in this ‘Deal-Seeking’ Environment.

Payment Services 344

Payment Services Promotions Consumer Inventory Management 344

Retail Gazette

FEBRUARY 22, 2024

By leveraging AI algorithms, retailers can analyse vast amounts of customer data, including purchase history, browsing behaviour and demographic information, to tailor product recommendations and marketing messages. According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online.

Inventory Management 119

Inventory Management Checkout Inventory Turnover Promotions 119

Wiser

DECEMBER 4, 2023

For brand manufacturers, retail monitoring is a critical aspect of maintaining and enhancing market presence. The Role of Retail Partners Retail partners serve as vital extensions of a brand manufacturer’s business, significantly amplifying its reach and exposure to consumers.

Inventory Management 146

Inventory Management Promotions Visual Merchandising Management 146

Retail TouchPoints

MARCH 15, 2024

Publications about marketing often invoke the comparison of a digital shelf with a physical one. Many companies can track their own digital shelf data, allowing them to align products across platforms, perform A/B testing and improve inventory management. This comparison, however, has its limits.

Inventory Management 254

Inventory Management Telecommunications Location Marketing 254

Retail TouchPoints

NOVEMBER 17, 2023

In manufacturing, product substitution can be a valuable tool for optimizing inventory management. Market conditions are dynamic, and consumer preferences change — retailers and manufacturers need to adapt to these factors quickly.

Customer Experience 257

Customer Experience Inventory Management Fulfillment Inventory Turnover 257

Retail TouchPoints

OCTOBER 6, 2023

Accurate demand forecasting is the bedrock of efficient inventory management — a vital logistics function that should be operating at peak performance levels during the holiday shopping season when consumers expect the inventory they want to be available. 2: Order cycle time.

Fulfillment 294

Fulfillment Returns Shipping Promotions 294

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Digital Marketing and SEO To thrive in a competitive retail landscape, your business needs a strong online presence.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

Retail TouchPoints

OCTOBER 6, 2022

Rather than being limited to a jam-packed four to five weeks from Black Friday to Christmas Eve, consumers are beginning their shopping as early as October (with a few doing so even earlier than that). McNamara spotlighted a surge in promotional activities in July 2022 that marked the official kickoff of the back-to-school season.

Merchant Services 268

Merchant Services Payment Services Promotions Location 268

Retail TouchPoints

APRIL 13, 2021

The 2021 Connected Consumer Series reflected the challenges retail (and society as a whole) have faced during the past year, but also the growing sense of optimism that is taking hold this year. that’s why marketing teams are allocating more of their spend towards them. How to Take Consumer Engagement and LTV to New Levels.

Consumer 144

Consumer Payment Services Fulfillment Advertising 144

Retail TouchPoints

JULY 17, 2023

According to Grand View Research , the global IoT retail market was valued at $42.38 Inventory management. With innovative inventory tools, retailers can always be sure the necessary goods are in stock in a particular store. Smart merchandising helped GetGo improve the consumer experience and increase sales.

Payment Services 242

Payment Services Checkout Inventory Management Customer Experience 242

Inside Retail

FEBRUARY 26, 2024

There are several economic factors playing havoc with consumers and business operations that are likely to persist into 2024. Consumer sentiment remains low as households stagger under higher costs of living and interest rates. Set benchmarks for inventory management, including the rate of inventory turnover and tracking and fill rate.

Inventory Turnover 147

Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

Retail TouchPoints

JUNE 26, 2023

Get ready, get excited, retailers and customers alike, the 2D barcode, a compact square label with splotches and spaces that encode up to 350X more data than a traditional UPC (4,000 characters) will have a significant impact on managing the business and delivering better customer experiences. Who doesn’t want that?

Merchant Services 277

Merchant Services Inventory Management Grocer Customer Experience 277

Retail TouchPoints

JANUARY 15, 2024

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.

Loss Prevention 311

Loss Prevention Planning Customer Experience Inventory Management 311

Retail Minded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retail Minded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retail TouchPoints

MAY 30, 2023

In 2022, a National Retail Federation/Prosper Insights and Analytics survey indicated that 56% of consumers had started their BTS shopping by early July, with 81% planning to shop sales the week of July 11. But generally speaking, consumer sentiment is still quite positive — we need to see if that holds up over the summer.

Shopping 267

Shopping Consumer Planning Inventory Management 267

Mass Relators

MAY 22, 2023

And it’s all about the base — a radically different consumer base, that is. Consumers who throw convention by the wayside, they’re delaying marriage, home ownership and children, and embracing work-from-home. Take revenue growth management (RGM) to the next level. Some things to think about: • Hyper-personalization.

Consumer 52

Consumer Inventory Management Fulfillment Advertising 52

Retail TouchPoints

MAY 9, 2023

retailers plan to use technology and automation for their critical behind-the-scenes work, like inventory, orders, payroll and invoicing — as well as for more customer-focused needs like communications, marketing, loyalty and checkout. Creating a seamless inventory management journey.

Payment Services 279

Payment Services Inventory Management Marketing Checkout 279

Inside Retail

FEBRUARY 23, 2023

He observed that younger consumers are becoming more focused on the circular economy, and Levi’s has seen positive feedback from this cohort so far. “To The service is the first of its kind in Singapore, enabling consumers to work with a tailor to customise their favourite denim items.

Inventory Management 246

Inventory Management Apparel Management Consumer 246

Retail Focus

MARCH 6, 2024

Blockchain’s decentralised ledger records every supply chain transaction, making it possible for brands and consumers to track luxury goods from production to sale, thus ensuring authenticity and integrity. The adoption of blockchain has a significant impact on both consumers and retailers.

Inventory Management 147

Inventory Management Fashion Customer Experience Consumer 147

Wiser

NOVEMBER 20, 2023

We found pricing, presence, and promotion insights leading up to Black Friday in the US. Boosting sales involves identifying competitors, tracking market newcomers, and monitoring partner pricing and discounts. In addition to tracking established competitors, Wiser’s insights allow brands to keep a close eye on market newcomers.

Inventory Management 147

Inventory Management Management Promotions Shopping 147

Retail TouchPoints

MARCH 29, 2021

Ecommerce first promised consumers convenience, but in the last decade it has also brought increasing value to market by combining its transactional data with shopper journey data — offering manufacturers near-real-time metrics on campaign performance. The collection, preparation and use of data in retail is a “core business.”

Advertising 299

Advertising Inventory Management Promotions Marketing 299

Wiser

AUGUST 13, 2019

Whether you achieve this goal or not can be summed up with one metric: market basket size. What is a market basket? A small market basket size is one item—what counts as a large basket is up to you. Even so, increasing the number of items a consumer buys during a trip to your store is incredibly important.

Marketing 103

Marketing Store Layout Promotions Inventory Management 103

RETAIL MANAGEMENT SOFTWARE

MARCH 26, 2024

Offer Spring-Themed Promotions: Entice customers with special promotions and discounts tailored to the spring season. Leverage digital marketing channels to promote your spring-themed promotions and reach a wider audience. Offer personalized recommendations based on their preferences and past purchases.

Promotions 77

Promotions Outdoor Inventory Management Management 77

I Vend

OCTOBER 16, 2023

As discretionary spend decreases in inverse proportion to cost of living increases, and consumers think more carefully about where they spend, retailers have to get really smart about strategies to win and retain their share of the market. iVend helps retailers iVend helps retailers to capture and analyse customer data.

Checkout 105

Checkout Inventory Management Payment Services Returns 105

Inside Retail

JANUARY 3, 2023

From smart shopping carts and intelligent buying assistants, to dynamic pricing algorithms and inventory tracking systems, retailers will have access to a wealth of powerful tools that enhance their ability to meet customers’ needs and respond quickly to changes in the market. . Payment systems evolution.

Payment Services 290

Payment Services Shopping Checkout Kiosk 290

Retail TouchPoints

FEBRUARY 7, 2024

The digitization of brick-and-mortar stores is nothing new, but up until recently it has primarily been focused on surfaces in the store that are already digital: point-of-sale systems or back-of-house tasks like inventory management.

Point of Sale 268

Point of Sale Promotions Inventory Management Grocer 268

Retail TouchPoints

JANUARY 13, 2023

In periods of soaring inflation, consumers look to buy products they truly need. They ensure consumers are connected with the right products early on, ease the purchase process and lead to higher conversion (CVR). As consumers decrease their spending, purchasing pre-loved items will become a more popular consumer action.

Returns 281

Returns Consumer Inventory Management Customer Experience 281

RETAIL MANAGEMENT SOFTWARE

DECEMBER 24, 2021

The Retail market landscape has seen significant changes in retail trends and shifts in consumer behavior since the coronavirus breakout, but the industry now appears more optimistic about the growth prospects. Adoption of the omnichannel distribution system and cross-channel marketing. Personalization in the data mining age.

Retail Trends 94

Retail Trends Consumer Payment Services Fulfillment 94

Retail TouchPoints

JULY 14, 2023

The AI boom shows no sign of slowing down, with a global market value projected to grow to more than $500 billion this year. This applies across the customer shopping journey, from customized recommendations to predicting consumer behavior and product demand as well as creating more seamless omnichannel experiences.

Fulfillment 225

Fulfillment Dead-Stock Customer Experience Inventory Management 225

Retail TouchPoints

JULY 18, 2023

“Despite all the disruption the retail industry has faced in recent years, with our Revionics partnership, we can offer value-driven prices to shoppers and maintain a tight control on inventory — even as consumer behaviors, competitive positions and local conditions shift.”

Outdoor 196

Outdoor Markdowns Apparel Fulfillment 196

Retail TouchPoints

AUGUST 17, 2021

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. Online retailers are using AI to create intent-based promotions. AI has a lot to offer grocery stores, especially in inventory management.

Checkout 306

Checkout Payment Services Customer Experience Inventory Management 306

Wiser

FEBRUARY 29, 2024

Panelists highlighted the frustration with labor scarcity in an environment where consumer demands and expectations are constantly evolving. With so many tasks and not enough hands, businesses are turning to third-party services to fill the gap, often leading to additional costs and higher prices for consumers.

Shrinkage 78

Shrinkage Inventory Management Loss Prevention Consumer 78

Retail TouchPoints

NOVEMBER 18, 2021

Consumer expectations of retailers have been transformed by their experiences buying from Amazon and other innovative retailers that are able to provide fast, efficient omnichannel experiences. In tandem, consumer expectations have grown. Consumers expect immediate gratification. Holiday shopping season is upon us.

Supply Chain Management 255

Supply Chain Management Fulfillment Shipping Inventory Management 255

Wiser

DECEMBER 18, 2023

Market trends shift rapidly, consumer behavior fluctuates, and competition intensifies. In the online world, it’s not about physical space, but rather visibility on search results, category pages, and promotional spaces. However, the dynamic nature of eCommerce platforms presents retailers with various challenges.

Promotions 139

Promotions Management Inventory Management Marketing 139

DMS Retail

JANUARY 29, 2024

To achieve this, thorough analysis of sales data, trends, and inventory levels is essential for effective inventory management. By optimizing stock levels and reducing overstock and stockouts, retailers can enhance inventory turnover and reduce carrying costs. This adaptability ensures retailers stay ahead of the curve.

Management 40

Management Inventory Turnover Promotions Inventory Management 40