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Your Approach to eCommerce is Wrong

Smile.io

Your approach to ecommerce is wrong! If you are the average ecommerce retailer, you are currently seeing only 8% of your total purchases coming from repeat customers. That means that you are not only allocating under 20% of your marketing budget to customer retention, but you are also hurting your business.

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Turning Retail Losses into Profits

Retail TouchPoints

Despite the appeal and growth of ecommerce, retail profitability has been on a decline. This downturn persisted even as ecommerce evolved into a mobile-first business over the decade. This downturn persisted even as ecommerce evolved into a mobile-first business over the decade. In 2019, it declined to 6.7%

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Why Retailers Want Real-Time Inventory Data

Retail TouchPoints

There are many reasons for this, including changes that occur between the time a measurement is taken and when the reporting takes place, and shoppers or staff placing items on the wrong shelves. In recent years, new computer vision technology has emerged that enables retailers to take instant, accurate inventory snapshots.

Retail 288
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3 Ways AI can Disrupt Ecommerce

Retail TouchPoints

When it comes to ecommerce, the answer is a resounding “yes.” Here are just a few that will positively disrupt ecommerce: 1. It’s one of the most critical aspects of ecommerce — and one of the most challenging to get right. But is there anything your retail business can do to profit from AI?

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Sales Process Steps To Turn More Prospects Into Customers

Groove

Another challenge that many eCommerce businesses encounter is a low number of requests for partnerships. Another challenge that many eCommerce businesses encounter is a low number of requests for partnerships. "Time is the killer of all deals.". That was the greatest piece of sales advice that I ever received. and some lost sales ?

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Preparing for the Rise in Online Retail Returns

Retail TouchPoints

This year the powerful combination of the special sale dates in Q4 (like Target, Amazon and Walmart holding October Black Friday events) and an increase in ecommerce holiday shopping means that this upward trend for returns will continue. A 2019 study found that 46% of returns were attributed to the “wrong size, fit, or color.”

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Ecommerce Check-In: Has 2022 Shaped Up the Way We Predicted? 

Retail TouchPoints

The ecommerce boom of 2020 brought millions of new shoppers to digital platforms, and that growth trajectory continued into 2021. At the end of 2021, the editors of Retail TouchPoints took a stab at predicting what would happen in ecommerce in 2022. Verdict: Not quite right, but not wrong per se. Verdict: Spot on.

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