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British Home Improvement Retailer MKM Lays the Foundation for Future Success with New Composable Website

Retail TouchPoints

A National Business Operating Locally MKM operates 125 branch locations across England, Scotland and Wales, each with its own inventory and pricing. Additionally, MKM operates as a franchise model of sorts, with the branch managers each having a share of their business. And that’s just the beginning.

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2023: Ring in Retail Profits by Stopping Automated Threats

Retail TouchPoints

Specifically, bot operators continue to siphon retailer profits with increasingly sophisticated automated threats — including account takeover, web and API scraping and more. ATO attacks cost retailers millions of dollars each year. Because of this, it’s shockingly expensive to process all of this fake traffic.

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Digital Is Turning Retail Into An On-Demand Model

Retail TouchPoints

To attract a new generation of shoppers, retailers are looking to redefine go-to-market strategies and reimagine the customer experience inside their physical store locations. To accomplish this, operational models need to be adapted quickly.

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Carousell co-founder talks LuxLexicon acquisition and future of re-commerce

Inside Retail

With its recent acquisition of Singapore-based luxury resale business LuxLexicon, Carousell Group co-founder Marcus Tan said the company aims to create “the largest managed marketplace for authenticated second hand luxury bags where users can buy and sell with trust and convenience”. billion by 2026.

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How customer loyalty helped Myer bounce back

Inside Retail

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. We know the program is a highly valuable differentiator in the market.”. Loyalty is king.

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You Can’t Spell Retail Without AI

Retail TouchPoints

Over the last year or so we’ve seen retailers and ecommerce sellers adopting AI tools at a frenetic pace. 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. Practical Benefits of AI in Grocery.

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Digital Shelf Analytics: 9 Real-World Use Cases for Pricing Data

Wiser

Thus, businesses can anticipate market trends, tailor their own promotional activities accordingly, and ensure they consistently provide value for their customers. For example, they observed a shift from deeper price discounts last year to cash-back-oriented promotions this year. Swift action prevented further revenue loss.