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Best Buy Adds Generative AI to its Customer Service Toolkit

Retail TouchPoints

Best Buy is expanding its partnership with Google Cloud to leverage generative AI technology for new customer service tools. The retailer also is working with Google Cloud and Accenture to develop new AI-powered tools for its frontline associates. As early as late summer, Best Buy customers in the U.S.

Customer 283
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Better Cotton Launches Traceability Solution Based on Input from Leading Retailers

Retail TouchPoints

Utilizing input from retailers including Walmart, Marks & Spencer, Target, Gap and C&A , sustainability organization Better Cotton has introduced a new traceability tool that will provide visibility into cotton’s journey through the supply chain.

Supplies 232
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3 Post-Purchase Fails…and How to Fix Them  

Retail TouchPoints

After all, the goal is to get your customers to buy from you over and over again, right? That’s why brands and retailers are looking at the post-purchase experience as a new way for them to differentiate. But leaders are increasingly reframing this journey and looking at it more as a circular loop.

Live Chat 209
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How Retailers Can Establish an IoT-Based Smart Building Strategy

Retail TouchPoints

The increasing dominance of ecommerce and the growing prevalence of disruptive technologies have sped up the digital transformation of brick-and-mortar retail. As the retail industry shifts, so do customer expectations. For most retailers, this situation is akin to fighting battles on multiple fronts. Create a Blueprint.

Retail 331
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Why my Retail Finance Team Loves AI

Retail TouchPoints

Context: A Look Inside Retail Financial Operations My company, PetLabCo, relies on a set of financial processes that are pretty standard for the retail industry. Using software from Stampli , AI tools read each invoice, code it based on our internal coding conventions and submit it for approval.

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Seen and Heard at #NRF2024: 5 Trends from the Big Show

Retail TouchPoints

Over five days and a growing portfolio of on- and off-site events, the National Retail Federation brought together more than 40,000 attendees and 1,000+ exhibitors in NYC. I’ve heard that we’re not seeing faster sales cycles, which means that [retailers] are eager to learn but not necessarily to make the changes that need to happen.”

ACH 257
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All the Feels: How Mood will Underpin Future Consumer Spending in Retail

Retail TouchPoints

In 2024 and beyond, we will see mood enter the limelight, with retailers catering to people’s day-to-day vibes and emotions. Tools like wearables are helping them home in on personal mood insights and recommendations, highlighting which products and activities to pair with the mood of the moment. That rises to 62% in the U.S.

Consumer 245