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Best Buy CEO Promises Enhanced Personalization, Physical Store Upgrades in FY2025

Retail TouchPoints

‘Increasingly Personalized, Highly Relevant and Motivational Content’ Noting that Best Buy can attribute “roughly 90% of our revenue to known customers,” Barry explained how the retailer would use its loyalty program to elevate personalization. For Q4 2024, Best Buy’s comp sales fell 4.8% billion generated in Q4 2023.

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Looking Ahead: How Agility, Marketing & Compassion Will Impact Retail in 2023

RetailMinded

As we look ahead into 2023, there are many opportunities, challenges and experiences to anticipate in the New Year. Keeping these key points in mind, let’s look into 2023 with some predictions of what we can expect. Factoring in omni-channel to the best practices of agility and customer care should not be overlooked, either.

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

This article delves into the evolving threat landscape, examining the impact of these disruptions on retail operations and exploring proactive measures for safeguarding businesses, customer data and reputations. A study by IBM Security found that the average cost of a data breach in 2023 was $4.24

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7 Targeted Retail Strategies for Revenue Growth and Margin Improvement

Retail TouchPoints

Many retailers struggle to cultivate genuine engagement that builds lasting relationships and delivers frictionless customer experiences. If customers feel your efforts are merely transactional, they won’t hesitate to go to your competitor looking for the next best deal.

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Retail Media: Everything You Need to Know

Retail TouchPoints

10, 2023 What is retail media? alone in 2023, Insider Intelligence projects that retail media spending will reach $45 billion. In 2023, Amazon Advertising will be roughly 12X larger in share than its nearest competitor, Walmart Connect, according to Insider Intelligence. Amazon currently captures 77% of retail media ad sales.

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eCommerce POS Integration: One System for Online and Offline Sales

Korona

By integrating your eCommerce and point of sale system, you can extend your website’s existing functionality and attract a broader audience to your brand. This article discusses the benefits of eCommerce POS integration and how to integrate a point of sale system with your website. trillion by 2023.

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Increasing personalization using the power of analytics

iVend

There’s one approach that is proven to work to engage customers, enhance their experience and increase spend – and that’s personalization. iVend helps retailers iVend helps retailers to capture and analyse customer data. Read how our analytics system helps retailers with personalization.

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