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Despite a muted outlook for 2024, the Retail Think Tank outlines key growth opportunities and predictions for next years’ winners and loser

365 Retail

While the retail sector outlook for 2024 is expected to be muted, hampered by ongoing macroeconomic challenges, weakened consumer demand and low economic growth prospects, retailers mustn’t let stagnation stifle innovation and future opportunities, the KPMG/RetailNext Retail Think Tank (RTT) , an independent board of retail experts, warns.

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2 Ways Retailers Plan to Cut into Amazon’s Retail Media Lead: Stores and Closed Loop Measurement

Retail TouchPoints

Earlier in June, the company began accepting reservations for ad slots from Q4 2023 through 2024. But number three was in-store and omnichannel sales data. Albertsons has released a white paper intended to be a starting point for retail media standardization. At the top of the list was traffic quality and traffic scale.

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UK consumers believe AI-powered pricing and promotions add the most value to their buying journeys, research by Intellias reveals

365 Retail

Al-generated descriptions) Product recommendations personalised by AI – 15% AI-Powered Chatbot – 14% Alexander Goncharuk, VP of Retail at Intellias, commented: “There’s little doubt that the hype curve surrounding GenAI will continue to accelerate as we look ahead to 2024.

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The Future of Ecommerce? Stores will Actually Play a Major Role

Retail TouchPoints

And yet, despite this recent huge growth in ecommerce, physical retail still maintains a firm foothold: Forrester predicts that the vast majority of retail — 72% — will still take place offline as far out as 2024. Omnichannel Offerings for Channel-Agnostic Consumers. That omnichannel view of understanding is terribly important.”.

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