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Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

It’s anticipated that the global AI retail market will soar past A$36 billion by 2028 and exceed A$70 billion by 2032, highlighting its growing importance and undeniable impact. Personalised recommendations: You can tailor marketing and product suggestions based on purchase history and browsing behaviour.

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How to Build a Highly Profitable Product Assortment Strategy (2021)

Retalon

Wide assortment breadth allows retailers to appeal to bigger demographics, but make it more difficult to appeal to more dedicated and loyal niche markets. The assortments at urban flagships, suburban outlets, and airport kiosks will reflect the company’s brand but the breadth and depth of the assortments will be different. Read More.

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

Retalon

– Ease and efficiency of taking products to market. This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces. – Promotions, event and markdowns. . – Consumer preference. – Relative permanence of online brands. touching products).

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

Retalon

– Ease and efficiency of taking products to market. This could involve physical and online outlets, as well as kiosks, mobile apps, social media, and 3rd-party marketplaces. – Promotions, event and markdowns. . – Consumer preference. – Relative permanence of online brands. touching products).

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Predictive Analytics Brings Retailers Closer To Omni-Channel Customers

Retalon

These tools are not able to account for new products, categories, and markets, or used & exchanged items, let alone suggest accurate and tangible actions going forward. Since 2002 Retalon has optimized pricing, inventory management, merchandising, planning, and marketing operations for retail organizations in a variety of industries.

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

It used to be catalogs, telephone, stores, and kiosks, and now it has evolved into e-commerce and mobile as well, but this is not what makes omni-channel retailing a unique shift. The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. Super bowl in your city)?

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How Predictive Analytics Are Transforming Omni-Channel Retail

Retalon

It used to be catalogs, telephone, stores, and kiosks, and now it has evolved into e-commerce and mobile as well, but this is not what makes omni-channel retailing a unique shift. The marketing and loyalty department provide consumer/promotion data, the POS system provides sales/returns data. Super bowl in your city)?