January 19, 2024
Via: Retail TouchPointsThe rumor that every NRF speaker was contractually obligated to mention artificial intelligence (AI) at least once per presentation is definitely untrue, but you’d be forgiven for thinking that was the case because AI worked its way into almost every […]
January 18, 2024
Via: Retail TouchPointsMobile apps have become a critical customer engagement channel for retailers as they try to create and capture more value for, and from, their customers. It’s no surprise that industry research and earnings reports consistently reveal customers with a brand’s […]
January 17, 2024
Via: Retail TouchPointsThe relationship between dogs and humans can be traced as far back as 30,000 years ago. But our four-legged friends no longer help us hunt, and instead we send them Valentine’s cards (Moonpig reported a 30% year on year increase […]
January 17, 2024
Via: RetailWireAt the NRF 2024: Retail’s Big Show, the CFOs of Macy’s, Rothy’s, and Levi Strauss shared a panel that discussed how the CFO role in retail has changed due in large part to the need to invest in technology to […]
Customer Engagement, Customer Experience
January 16, 2024
Via: Retail TouchPointsPersonalized experiences are one of the foundation stones of great customer experience, according to conventional wisdom. But is that true across the board? Not necessarily. In some cases, personalization that’s too precise can underwhelm customers at best, and drive them […]
January 16, 2024
Via: Retail DiveIt’s an encouraging time when a brand is thriving and is able to open additional locations. In the first six months of 2023, U.S. retailers announced plans to open about 3,420 new stores, according to The Daily on Retail. While […]
Customer Engagement, Customer Experience
January 12, 2024
Via: Retail TouchPointsAs 2024 advances, the importance and reach of paid social media advertising will only continue to grow. For online retailers that want to stay relevant and competitive, it’s important to stay on top of the latest trends and strategies. Here […]
January 12, 2024
Via: RetailWireA global survey from the IBM Institute for Business Value found that only 9% of consumers are content with in-store shopping, and only 14% are content with online shopping. Emerging shopping technologies were found to not be living up to […]
January 11, 2024
Via: Retail TouchPointsGenerative AI has put the retail industry at yet another inflection point. 2023 was a period of experimentation for retailers, and many thoroughly assessed where this new technology could have the biggest impact. As the use cases for this technology […]
January 11, 2024
Via: Retail DiveThe Dallas-Fort Worth metroplex is becoming a hotspot for Walmart’s growing drone delivery ambitions. The company launched drone services there with DroneUp in 2022, and last August it debuted its delivery offering with Wing in two area cities, reaching 60,000 […]
January 10, 2024
Via: Retail TouchPointsAs we step into 2024, the retail industry is poised for a transformative year at brick-and-mortar locations, marked by innovative product trends that marry functionality with aesthetics. Industry thought leaders Harrison Horan of Banker Wire, Zach Adams of Bjelin and […]
January 10, 2024
Via: Retail TouchPointsThere’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. What does this mean exactly? According to the Corporate Finance Institute, “Inventory shrinkage occurs when the number of products in stock are fewer than […]
January 9, 2024
Via: Retail TouchPointsGoogle Shopping ads are now accessible to Instacart’s advertising partners, which can leverage Instacart’s retail media data. This means that CPG advertisers that work with Instacart can now activate Google Shopping ads powered by Instacart’s first-party data and closed-loop insights […]
Customer Engagement, Customer Experience
January 8, 2024
Via: Retail DiveThe quest to deliver a seamless and satisfying customer experience is central to retail companies’ strategies, and those efforts are even more important as the industry’s “peak season” is in full swing. Overall retail spend this holiday season is expected […]
January 5, 2024
Via: Retail TouchPointsSupply chains have always been critically important. When retailers invest correctly, logistics presents the opportunity for not only hard cost savings but long-term value creation as organizations find innovative ways to deliver products into the hands of consumers. Logistics operations […]
January 5, 2024
Via: Retail TouchPointsPersonalization is at something of a crossroads. The New Year saw a key step in the coming deprecation of third-party cookies, which have been one of marketers’ most powerful tools for tracking online activity for many years. A small group […]
January 4, 2024
Via: Retail DiveWalgreens is pinning its recovery hopes on cost-containment and expansion of its health care services, further indication that what many observers see as a lackluster customer experience in the front of its U.S. stores won’t be changing much. Some analysts […]
January 3, 2024
Via: Retail TouchPointsLong viewed as a necessary evil, the retail returns process is emerging as an unexpected avenue for growth and customer engagement. In the rapidly expanding ecommerce market, projected to reach $3 billion in 2023, a significant 20% to 30% of […]
January 3, 2024
Via: RIS NewsWhen it comes to trends to watch, it never fails — there are many buzzwords that seem to pop up year after year. However, as a retailer, if you’re not setting your sights on things such as supply chain, customer […]
January 3, 2024
Via: Retail DiveReturns, including fraudulent returns, have escalated as e-commerce has grown. When it acquired the Reverse Logistics Association last year, the NRF itself has expanded its own membership to accommodate the burgeoning industry affiliated with returns. “Digital growth has an increased […]