Retail TouchPoints

JANUARY 5, 2021

Preliminary holiday 2020 results have proven unsurprising so far: analysts expect modest year-over-year growth fueled by a massive increase in ecommerce activity across a longer-than-usual season. In fact, the impacts of the most unique holiday in decades are still being felt: retailers should plan for continued shipping delays in the short term, and also continue to refine their omnichannel operations as they prepare for the rest of 2021.

Drop-Shipping 270

Drop-Shipping Merchant Services Returns Shipping 270

Wiser

JANUARY 5, 2021

Why are some people willing to pay seemingly sky-high prices for certain items? In some cases, it could be they believe price and quality are intimately linked. Or maybe they want to splurge on something to show off to their friends, display their status, or simply treat themselves to a bit of luxury. The consumer psychology around luxury is fascinating.

Marketing 88

Marketing Consumer Returns ATS 88

Retail TouchPoints

JANUARY 5, 2021

Fraud is a costly problem for merchants, and it’s growing. The cost of fraud to retailers is up 6.6% this year over last, according to LexisNexis. And merchants may have been extra concerned about fraud during the holiday shopping season, because the crush of holiday orders and unusual shopper behavior (binge-buying, shipping to multiple addresses) can make it hard to detect fraudsters online and at curbside for BOPIS pickups.

Merchant Services 261

Merchant Services Payment Services Shopping Shipping 261

Frank Mayer

JANUARY 5, 2021

When I wrote the “ What’s in Store for 2020 ” blog last December, I could not have predicted what was to come in three short months. My closing statement promised a bright future for retail and the point of purchase industry in 2020. Instead, a worldwide pandemic shifted industry conversation from experiential retail and strategic partnerships to more simplified objectives like keeping customers and employees safe, store shelves stocked, and open signs lit.

Kiosk 97

Kiosk Merchant Services Returns Shopping 97

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Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

Management

Retail TouchPoints

JANUARY 5, 2021

XRC Labs , an accelerator focused on the retail technology and consumer packaged goods sectors, has launched XRC Elevate, a fellowship program that aims to bring resources and tools to underrepresented startup founders of color. XRC Elevate fellows will participate in the program alongside XRC Labs Accelerator companies, and the first fellow will receive a $5,000 grant.

Management 175

Management Consumer Store Operations ATS 175

Medallion Retail

JANUARY 5, 2021

What have we learned in 2020? I suppose the most critical thing we all learned from 2020 (aside from baking a mean soda bread from scratch or becoming experts at Zoom calls) is that nothing stays the same. Finding our. The post 2021 Trends to Watch and Why appeared first on Medallion Retail.

ATS 52

ATS Retail Trends Consumer Marketing 52

Shopper Intelligence

JANUARY 5, 2021

There are 3 types of Category Manager. Only one is of any real use. I’m not a classically trained Category Manager, I’m not sure many of us are. If you were lucky enough to be given formal training, or taught by someone who was, you’ll be familiar with the framework we all work to, more or less. If not then you may be a bit more “freestyle” and I applaud that.

Management 52

Management Planning Shopping Retail Marketing 52

Retail Prophet

JANUARY 5, 2021

Via Business of Fashion. In Episode 1 of BoF’s new podcast series, Doug Stephens and social psychologist Sheldon Solomon PhD examine the impact of collective traumas like Covid-19 on consumer behaviour.

Consumer 52

Consumer Fashion 52

Retalon

JANUARY 5, 2021

Optimizing your inventory balancing process is key to increasing ROI. Even the best-executed assortment strategy can lead to imbalanced inventory levels halfway through the season. An inaccurate forecast, unpredictable changes to consumer preferences, shifts in the competitive landscape, or major economic events can all completely throw your planning and purchasing off-track, leaving you with major inventory distortions despite your best plans.

Location 41

Location Inventory Management Markdowns Fulfillment 41

Retail Technology Review

JANUARY 5, 2021

Shopping habits are changing, and retailers are doing an exceptional job at keeping up and adjusting their business models with the help of technology to meet these ever-changing shifts. With many high streets still struggling but the desire to shop local remaining strong, retailers are looking at a very different future than they would have imagined this time last year.

Shopping 31

Shopping ATS 31

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

Customer Experience

Global Shop

JANUARY 5, 2021

Liquid filter bags are essential for filtering out contaminants in industrial water systems and chemical processing equipment. Industrial Filter Manufacturing Ltd (IFM), located in Penetanguishene, Ontario, Canada, has been making standard and custom filter bags for over 40 years. They’re now making them more efficiently thanks to their implementation of Global Shop Solutions ERP software.

Accounting 52

Accounting Inventory Management Shopping Management 52