Retail TouchPoints

AUGUST 17, 2023

The latest Consumer Price Index (CPI) data highlights a significant deceleration in inflation, now standing at half of last year’s peak. The path to surviving and thriving in this evolving landscape is paved with the need for robust, integrated and flexible technology systems.

Consumer 246

Consumer Payment Services Supply Chain Management Store Layout 246

Wiser

DECEMBER 11, 2023

They aid in the monitoring of product availability, pricing accuracy, promotional execution, and overall store cleanliness. In the world of retail, information is power, and crowdsourcing your store audits can give you the comprehensive, timely data you need to stay ahead of the competition.

Promotions 148

Promotions Store Operations Customer Experience Location 148

Wiser

JANUARY 8, 2024

Retail price checks, an essential aspect of retail, involve monitoring and updating the prices of goods within a store. In the pursuit of competitive pricing and high customer satisfaction, these checks must be accurate, efficient, and consistent across all locations.

Retailing Pricing 141

Retailing Pricing Customer Experience Marketing Location 141

Retail TouchPoints

JUNE 16, 2023

Traditional search marketing tools and reports are often insufficient, and marketers require an innovative solution that addresses gaps in existing search marketing tools to enhance brands’ visibility on the Google SERP and maximize ROAS. Holistic Search Intelligence maximizes ROAS on Google in four ways: 1. Optimizing share of voice.

Advertising 278

Advertising Marketing Location Consumer 278

Retail TouchPoints

AUGUST 10, 2023

From generating product descriptions and dynamic pricing to improving data quality and automating redundant tasks, AI has been monikered as the magical fix-it-all technology that promises to slash time-to-market, quadruple employee productivity and deliver larger-than-life customer experiences. AI is only as effective as the data it receives.

Customer Experience 246

Customer Experience Shipping Management Marketing 246

Retail TouchPoints

JANUARY 26, 2024

“Too many friction points all along the customer journey is a big pain point for consumers, and certainly the checkout or transaction moment plays a part in that friction,” said Margot Juros, Research Director for Retail Technology Strategies at market intelligence and advisory firm IDC in an interview with Retail TouchPoints.

Merchant Services 275

Merchant Services Payment Services Checkout Finance 275

Wiser

APRIL 4, 2024

Wiser Solutions and Biotopia announce a collaboration in the field of price monitoring. These organizations are blending their unique capabilities, uniting on-the-ground price surveillance with consumer pricing intelligence. About Wiser: Wiser Solutions® is the global leader in Commerce Execution SaaS products.

Promotions 78

Promotions Marketing Consumer Management 78

Retail TouchPoints

APRIL 18, 2024

It’s already happening, as AI-powered marketing systems digest vast amounts of data on each individual shopper, develop a unique strategy to grow value and engagement, and generate true 1:1 promotions and pricing to achieve each strategy — all in an automated process that takes minutes for millions of shoppers at scale. That sounds good.

Fulfillment 277

Fulfillment Marketing Returns Supermarket 277

Wiser

FEBRUARY 26, 2024

A recent study conducted by Wiser Solutions, focusing on the headphones category, unveiled significant discrepancies in pricing strategies across retailers. This underscores the critical need for brands to keep a vigilant eye on how their products are positioned in the market. discrepancy for Astro brand headphones, a $51.99

Retailing Pricing 78

Retailing Pricing Advertising Consumer Marketing 78

Retail TouchPoints

DECEMBER 27, 2023

Retailers can consider solution partners that help cut through the noise, aggregate consumer sentiment and recommend attributes, like ingredients or marketing themes that could become a part of the core product, thereby shortening the innovation cycle. Enhanced demand planning. Improved customer service.

Operating Expenses 264

Operating Expenses Promotions Consumer Marketing 264

Retail TouchPoints

FEBRUARY 15, 2023

Accenture’s AI.Retail platform — which helps retailers better utilize data and artificial intelligence to optimize common operations such as customer acquisition, pricing and promotions, assortment and supply chain — can now be deployed on Google Cloud. Current customer Albertsons Cos.

Merchant Services 290

Merchant Services Markdowns Store Operations Planning 290

Retail TouchPoints

JANUARY 9, 2024

In 2020 he joined Alibaba, where he is now tasked with developing the company’s strategy and building platform-level solutions around international shipping, logistics, cross-border trade and global expansion. The COVID-19 pandemic has, for all intents and purposes, ended.

Merchant Services 286

Merchant Services Shipping Fulfillment Inventory Management 286

Wiser

NOVEMBER 16, 2023

Wiser Solutions’ Digital Shelf Intelligence (DSI) serves as a powerful tool for brand manufacturers navigating the dynamic landscape of eCommerce. One of its standout features is its capacity to provide competitive pricing and promotions intelligence. Competitive pricing is a crucial element for anyone in retail.

Promotions 148

Promotions Outdoor Payment Services Marketing 148

Retail TouchPoints

SEPTEMBER 24, 2021

Approach your colleague and ask about his or her thoughts on Artificial Intelligence. Despite Artificial Intelligence bringing impressively beneficial insight to numerous industries, from medicine and logistics to all retail domains, there is still one significant blocker to its mass adoption — the prevailing mistrust of the end users.

Supermarket 264

Supermarket Marketing Consumer ATS 264

Inside Retail

JANUARY 30, 2024

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. They also need clarity around what they need to do.

Loss Prevention 147

Loss Prevention Shrinkage Inventory Management Markdowns 147

Retail TouchPoints

JUNE 8, 2023

As a result of this rise in reselling, sneakers are also emerging as the ecommerce category most susceptible to online fraud, according to proprietary data from Riskified’s ecommerce risk intelligence platform. The data suggests that merchants need to improve their fraud detection strategies in this segment in particular.

Jewelry 285

Jewelry Accounting Fashion Returns 285

Inside Retail

SEPTEMBER 20, 2023

That, says Paul Tannock, head of ANZ and emerging markets with Niteco, can double visitor signups, increase margins and – best of all – boost sales because experimentation, as a process, can deliver real-time intelligence on how features of the site are performing and how to improve them even further. Results can even vary during the day. “In

Checkout 264

Checkout Marketing Accessories Advertising 264

Retail TouchPoints

JULY 20, 2022

Data standardization and integration with suppliers: A fast, flexible and intelligent supply chain is powered by rich data. They are even involved in the negotiation process that affects the cost of the product for the producer — so they negotiate the price of the raw material. Top Supply Chain Investments.

Supply Chain Management 306

Supply Chain Management Customer Experience Shipping Management 306

Wiser

NOVEMBER 20, 2023

That’s where Wiser Solutions comes in. With Wiser Solutions’ category data, brands can better monitor price movements, product assortment, search performance, and content compliance. We found pricing, presence, and promotion insights leading up to Black Friday in the US.

Inventory Management 147

Inventory Management Management Promotions Shopping 147

Inside Retail

MARCH 5, 2024

Inside Retail : Affordability was a big focus for Ikea Australia in 2023, with the announcement of price reductions on 700 products. Instead, we kept our prices as low as we could and reduced the prices of many of our iconic products. What impact has that had on the business?

Planning 130

Planning Shopping Home Furnishings Payment Services 130

Inside Retail

JANUARY 3, 2023

Or that we could use our smartphones to scan items in-store and instantly compare prices across different brands? In 2023, we can expect to see a deeper integration of artificial intelligence (AI) into the world of retail. Retail workers have access to information about products, promotions, and pricing instantly.

Payment Services 290

Payment Services Shopping Checkout Kiosk 290

365 Retail

MARCH 10, 2024

Future of online shopping: 3 main trends The personalised shopping experience, the integration of artificial intelligence (AI) tools, and innovative payment solutions are shaping how we buy online. As more companies rely on online sales and marketing, the e-commerce landscape is growing. trillion in 2024.

Payment Services 103

Payment Services Advertising Shopping Promotions 103

Wiser

NOVEMBER 2, 2021

The world of pricing can be a little complicated. You have to satisfy demanding customers who expect the best price at all times and be agile enough to change your prices on the fly if the market requires it. As a result, a massive industry of pricing-related tools has emerged. Gathering Pricing Intelligence.

Marketing 157

Marketing Management Accounting ATS 157

Retail TouchPoints

NOVEMBER 16, 2022

This first involves ingesting a variety of data, from internal data like pricing and historical promotions; external data that includes demographics, inflation and interest rates, disposable incomes and more; historical data such as shipments, POS sales and the like; and forward-looking data such as weather information.

Planning 276

Planning Fulfillment Consumer Accounting 276

Retail TouchPoints

DECEMBER 23, 2022

With consumers pulling back on spending due to rising prices, retailers must evolve as well. Discounting and perks like free shipping have been successful drivers of Black Friday and Cyber Monday campaigns; however, dropping prices is not a winning strategy that creates a path to profitability. Retail is already changing.

Drop-Shipping 260

Drop-Shipping Shipping Accounting Management 260

Retail TouchPoints

APRIL 6, 2022

Brick-and-mortar retailers are increasingly implementing tech solutions in an effort to gather similar insights. Let’s take a look at how these solutions can provide insight needed for stronger shopping center lease negotiations, more effective events and more significant visitor engagement.

Shopping 321

Shopping Promotions Kiosk Location 321

Wiser

MARCH 4, 2024

Understanding the distinct phases of retail maturity—Foundational, Expansion, and Innovation—is crucial in identifying the specific needs and solutions that will propel a brand or retailer forward. Brands go through unique stages online versus in-store, each with distinct challenges and opportunities. In-Store No. Online No.

Management 78

Management Brand Management Inventory Management Marketing 78

Wiser

JANUARY 16, 2024

This is where Wiser’s Retail Intelligence can play a pivotal role. Audits are an opportunity to get data on “white gaps” and understand how lower prices might affect brand perception. Recognizing these challenges, Wiser Solutions suggested a tailor-made retail store audit process. Use Case No.

Customer Experience 141

Customer Experience Visual Merchandising Promotions Location 141

Inside Retail

OCTOBER 5, 2023

The downfall derived from months of lowered consumer demand, lowered average selling prices, and increased expenses. The increased demand for diamonds, and the spike in mined diamond prices due to heightened costs in mining and polishing, led consumers to seek out more affordable alternatives. Valued at US$22.31 per cent.

Jewelry 246

Jewelry Consumer Marketing Accounting 246

Retail Focus

DECEMBER 8, 2021

The UK’s cost of living squeeze is making Millennials and younger demographics more sensitive to pricing and promotions, the latest research from antuit.ai , the leader in SaaS Artificial Intelligence (AI) demand forecasting solutions, reveals. year-on-year in November, up significantly on the -0.4%

Markdowns 148

Markdowns Promotions Consumer Fashion 148

Retail TouchPoints

JANUARY 15, 2024

Artificial intelligence dominated headlines and water cooler conversations in 2023, and 2024 is looking to be no different (if the conversations and showcases at CES and NRF’s Big Show are any indication). But many of these tasks may just represent the low-hanging AI fruit.

Loss Prevention 312

Loss Prevention Planning Customer Experience Inventory Management 312

Inside Retail

DECEMBER 4, 2023

In calmer conditions, businesses zeroed in on offering the highest quality products for the most affordable price. A survey of almost 2000 business leaders found that their number one priority for the next five years is CX, above both product and pricing. But is AI capable of carrying out UX audits? ChatGPT generates an 80.1

Customer Experience 283

Customer Experience Checkout 283

RETAIL MANAGEMENT SOFTWARE

NOVEMBER 7, 2023

Enter Artificial Intelligence (AI), a game-changing technology that is revolutionizing the way businesses approach marketing in these industries. Understanding AI in Retail & CPG Artificial Intelligence is the science of training computers to perform tasks that typically require human intelligence.

Marketing 95

Marketing Inventory Management Supply Chain Management Store Layout 95

Retail TouchPoints

JANUARY 23, 2024

Sucharita Kodali, Forrester VP and Principal Analyst, agreed, but noted that the big question is whether the 40,000 attendees are “actually going to open their wallets and spend more on the technologies they need to differentiate themselves,” she said. The top five themes include: 1. Amanda Efron, Chief Digital Officer of Ikea U.S.

ATS 285

ATS Customer Retention Consumer Finance 285

Retail Focus

FEBRUARY 17, 2022

Californian lifestyle fashion brand, Pacsun , doubled its ship completes by better anticipating online demand and intelligently leveraging its stores as ecommerce fulfilment centres, partnering with antuit.ai , a leader in AI-powered SaaS solutions for consumer products and retail insights and now part of Zebra Technologies.

Markdowns 130

Markdowns Fulfillment Shipping Fashion 130

Wiser

DECEMBER 18, 2023

These aspects underscore the importance of leveraging robust solutions like Wiser Solutions to expand your digital share of shelf and get ahead of the competition. 4: Effective Pricing Strategy To stay competitive and optimize digital shelf space, it is crucial to closely monitor and analyze the pricing trends of your competitors.

Promotions 139

Promotions Management Inventory Management Marketing 139

Retail TouchPoints

MARCH 29, 2021

But simply buying all of those platforms — CDP, POS, Loyalty, Promotions, Ecommerce, package payment terminals, and pricing and inventory management software — doesn’t automatically put retailers on the path to success. Because first they need to understand exactly what they’re trying to achieve and why they’re trying to achieve it.

Advertising 299

Advertising Inventory Management Promotions Marketing 299