Remove Consumer Remove Inventory Management Remove Retail Marketing
article thumbnail

How Rising Prices Shape Consumer Behavior

Retail Focus

Inflation has an impact on nearly every aspect of the economy, including raw material costs, wages, transportation, and, ultimately, the prices consumers pay for goods and services. Rising costs and shifts in consumer behaviors have a significant impact on the retail industry. Value replaces aspiration across advertising.

Consumer 130
article thumbnail

Oh!some sets sights on new markets, reaching 100 stores this year

Inside Retail

some has implemented a cross-border online and offline membership system, allowing consumers to earn and redeem points across different countries. some manages a supply chain spanning global sourcing, inventory management, and logistics. somes market coverage and reach more consumer groups. In December, Oh!some

Marketing 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Retailers Need to be Smarter with Their Smart Store Implementations

Retail TouchPoints

Starting in the late 1980s with the introduction of self-checkout kiosks and progressing to today’s smart RFID tags and even fully automated storefronts, retail leaders have slowly but surely embraced digital in-store enhancements. By 2030, the smart retail market will be worth $91.36 Shoppers also highly value convenience.

article thumbnail

The Top 5 Retail ERP Software Features to Look For

Retail TouchPoints

In today’s competitive and connected retail market, one mistake or delay can result in losing ground to a competitor. One of the most powerful tools you should implement to ensure your long-term success is a retail Enterprise Resource Planning (ERP) system. What is a Retail ERP System?

article thumbnail

Putting the Customer First: Building a Profitable Online Presence

Retail TouchPoints

Nowhere is that more true than the retail market, which has seen a fundamental shift among consumers in the wake of the pandemic. The question is: are retailers ready to handle it? found that nearly 70% of consumers intend to continue buying online for store pickup. They say you can never go back.

Consumer 317
article thumbnail

IoT in Retail: Top 5 Use Cases and Real-Life Examples

Retail TouchPoints

Connecting the world of physical objects into a smart network, IoT technology brings new business opportunities for retailers and provides data-driven insights for decision-makers. According to Grand View Research , the global IoT retail market was valued at $42.38 Inventory management. from 2023 to 2030.

article thumbnail

CIO Q&A: Lessons and Priorities from Aldo Group’s Companywide Digital Transformation

Retail TouchPoints

As Houle sets his sights on future growth and innovation, he shares an exclusive look into his priorities and perspectives on the changing retail landscape. Agility in a dynamic market: Another key challenge is ensuring agility in our technology strategy. RTP: What key consumer behaviors are you aiming to respond to as a brand?