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4 Ways Retailers can Leverage Generative AI to Drive Revenue and Productivity

Retail TouchPoints

The world of retail is getting ready for its iPhone moment using breakthrough generative AI technology. Startups including Fashable and Verneek are generating unique use cases of generative AI for retail. Global ecommerce sales, representing 22% of all retail sales, could increase to $5.4 Hyper-personalized shopping.

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AI’s Rapid Growth Combined with Other Emerging Technologies Will Drive Greater Accessibility

Retail TouchPoints

As a matter of fact, as accessibility becomes a more prevalent concern in the retail sector, the interplay between new technology and AI represents some good news. We see this in the example of OpenAI, the creator of GPT-4 that partnered with Be My Eyes to integrate AI into virtual assistance tools.

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The new trend in retail is hyper-efficiency

Inside Retail

Online and in-person selling quickly became complementary strategies and soon that model gave way to omnichannel retailing – delivering a seamless customer experience across all platforms including physical space, e-commerce, mobile applications, and social media. Remember the debate over e-commerce versus brick and mortar?

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5 Lessons Online Merchandisers Can Learn From Leading Brick-and-Mortar Retailers

Retail TouchPoints

While some aspects of an in-store retail experience just can’t be reproduced online, it is still possible for ecommerce stores to find inspiration from their brick-and-mortar counterparts. For example, if a shopper is browsing for a new dress, she can filter through sizes, colors and styles with speed and ease. Don’t ignore checkout.

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Experience first, tech second: This is what “phygital” looks like

Inside Retail

The search for the optimum retail experience continues to evolve for all brands. In recent years, omnichannel and experiential retail have been two of the buzzwords circulating amongst retailers and retail designers. Today, forward-thinking retailers are aspiring to create experiences that are ‘phygital’.

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5 Tips for Maintaining Subscription Momentum

Retail TouchPoints

The firm points to two categories that will have the biggest influence worldwide: food and beverage, and beauty and personal care. Tapping data to further personalize and optimize program strategies. Despite rumblings of consumer fatigue, Insider Intelligence research indicates that U.S. billion in 2022 to a projected $43.13

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2023 Retail Success Guide

Independent Retailer

Retailers have been running around tirelessly trying to keep up with consumer demands and the drastic shifts in the economy. With the year coming to a close and the economic outlook for 2023 looking uncertain, retailers are growing concerned. How Retailers Can Thrive in the Ecommerce Space. Omni-Channel Will Drive Revenue.