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Tag: e-commerce


Others, Tech

The Reality of AI in Retail: Executives Break Down Opportunities, Challenges at NRF

January 19, 2024

Via: Retail TouchPoints

The 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 […]


Others, Tech

The Power of Play: Using Gamification to Elevate Retail Apps

January 18, 2024

Via: Retail TouchPoints

Mobile 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 […]


News & Trends

The Pet Food Market is Changing: Grab it by the Paws

January 17, 2024

Via: Retail TouchPoints

The 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 […]


News & Trends

NRF Big Show: Has the CFO Role Become More Important in Retail?

January 17, 2024

Via: RetailWire

At 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

Does Personalization Always Improve CX? It Depends on Your Customers

January 16, 2024

Via: Retail TouchPoints

Personalized 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 […]


Retail Types, Stores

5 ways to make your new store opening more efficient

January 16, 2024

Via: Retail Dive

It’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

6 Paid Social Trends to Be Aware of in 2024

January 12, 2024

Via: Retail TouchPoints

As 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 […]


Others, Tech

Can AI Deliver on the Hype Promised for Shopping?

January 12, 2024

Via: RetailWire

A 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 […]


Others, Tech

AI Steps into the Retail Arena

January 11, 2024

Via: Retail TouchPoints

Generative 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 […]


Suppliers

Walmart to expand drone delivery to 1.8M more Texas homes

January 11, 2024

Via: Retail Dive

The 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 […]


News & Trends

Unveiling the Future: Retail Product Trends in 2024

January 10, 2024

Via: Retail TouchPoints

As 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 […]


Retail Types, Stores

How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

January 10, 2024

Via: Retail TouchPoints

There’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 […]


News & Trends

Instacart Enables Off-Site Shopping Ads in New Partnership with Google

January 9, 2024

Via: Retail TouchPoints

Google 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

For a seamless retail customer experience during peak season, start with employees

January 8, 2024

Via: Retail Dive

The 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 […]


E-commerce, Retail Types

AI Robotics will Drive the Future of Ecommerce

January 5, 2024

Via: Retail TouchPoints

Supply 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 […]


News & Trends

Why Personalization Can Survive the Loss of Third-Party Cookies

January 5, 2024

Via: Retail TouchPoints

Personalization 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 […]


News & Trends

Walgreens slashes dividend as US retail drags in Q1

January 4, 2024

Via: Retail Dive

Walgreens 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 […]


News & Trends

Rethinking Returns: Innovative Strategies for Retailers to Drive Growth in 2024

January 3, 2024

Via: Retail TouchPoints

Long 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 […]


News & Trends

5 Retail Trends to Watch for 2024

January 3, 2024

Via: RIS News

When 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 […]


News & Trends

Retailers took back $743B in returns last year, with $101B lost to fraud: NRF

January 3, 2024

Via: Retail Dive

Returns, 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 […]