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How Retailers Can Use AI to Improve Customer Experience and Build Trust

Retail TouchPoints

Additionally, global ecommerce spending could surpass $7 trillion as early as 2025. With the sector continuing to experience accelerated growth, major retailers are looking for ways to maintain and build trust while dramatically improving customer experience and orchestrating cohesive customer journeys. In the U.S.,

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In-store customer experience – a top retail focus for 2021

iVend

Upside-down retail – In a report based on its recent research, Unibail-Rodamco-Westfield refers to ‘upside-down’ retail , where brick and mortar stores dedicate more floor space customer experiences than products. Westfield was predicting the ‘tipping point’ as 2025, but have now revised that view, seeing it coming as early as 2022.

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Turn Innovation into Action: Top 10 Takeaways You’ll Get From #RIC21

Retail TouchPoints

The agenda for the virtual 2021 Retail Innovation Conference , taking place Nov. On the same day, Devora Rogers of market research consultancy Alter Agents shares results from the firm’s new study, including the depths of shopper “promiscuity” as customer loyalty fades and consumers constantly examine new options.

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Harnessing the huge marketing potential of subscription services

365 Retail

billion by 2025. New subscription offerings are on the rise, with 83% of subscription-selling retailers launching an average of three new subscription products or services since the start of 2021. While new product lines help brands to keep up with demand, it also means increased competition for consumer spend and loyalty.

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ecommerce in Nigeria – tips for success

Payoneer

million in revenue in 2021. The adoption of electronic payments has encouraged cross-border and B2B ecommerce and the ecommerce market is estimated to be worth $12 billion, projected to reach $75 billion by 2025. billion annually through 2021. The top ranking online stores in Nigeria Jumia.com.ng Nigeria already spent about $5.9

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The D2C Shakeout: What Retailers Need to Know

Kibo

Nearly 60% of online consumers say they’ll go out of their way to purchase directly from a brand, according to a 2021 study commissioned by Google. . Advances in sourcing and shipping technologies have also contributed to making D2C retail a viable option for brands and consumers alike. But that’s changing.

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2023 Ecommerce Fulfillment Statistics: What the Data Tells Us

Ecommerce Platforms

EFulfilment Service ) If a purchase doesn’t arrive within 2 days of a delivery date most customers will avoid shopping with the same company again Excellent and reliable shipping experiences are an important factor in preserving customer loyalty, and reducing churn. As of 2021, there were 2.14 Econsultancy ) 74.4%