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

Retail TouchPoints

Best Buy will leverage its membership-based loyalty program to sharpen personalization efforts for its 2025 fiscal year, which began Jan. Best Buy closed 24 stores in FY 2024 and plans to close 10 to 15 in FY 2025. These efforts and more will serve to increase membership engagement and continue to improve retention.”

POS 270
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Supply Chain Digitalization Challenges that Every Retailer Faces and how to Mitigate Them

Retail TouchPoints

The infusion of data and advanced insights into the operational processes of global supply chains is a great investment with significant value. The greatest benefits include full transparency across the supply chain system, improved visibility, time-saving and cost-efficiency. Fetching useful insights from customer data.

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“Hacking” The Social Commerce Experience With Edge Checkout

GetElastic

in 2022, with a projected growth of 20% (to more than $107 billion) by 2025. With the addition of new data privacy changes from Google and Apple , many marketers have been hesitant to depend on third-party customer acquisition channels, doubling down on building and nurturing their own customer databases.

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How the Growing FinTech Boom is Helping the Retail Industry

365 Retail

Today, the global FinTech industry is valued at over $310 billion, and this figure is expected to reach more than $600 billion by 2025. There’s now a clear link between the FinTech industry and retail, with payments being an important part of customer service. Improving Customer Experience. Providing Payment Data.

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How to Create an Effective Market Expansion Strategy in Retail

Dynamic Action

Customize product offerings, pricing, and marketing to improve market expansion with local knowledge for better results and efficiency. Simultaneously, though, the apparel business remains largely unorganized, with formal retail only expected to account for 45% of sales in 2025. [1] billion in 2024.

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What is composable commerce?

Kibo

Microservices are focused on improving software development speed and application performance. Microservices can be custom developed or purchased from a third party. This includes things like personalization, customized messaging, omnichannel shopping, and seamless fulfillment—the ingredients for an excellent customer experience.

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Harnessing the huge marketing potential of subscription services

365 Retail

billion by 2025. This could perhaps be due to the rise in customer loyalty. . Encouraging customer loyalty. Since then, subscription culture has remained steady, and according to Royal Mail’s recent UK Subscription Box Market report, the UK subscription box market is set to be worth £1.8 beer); and mail order buyers. .