article thumbnail

Salesforce Predicts Just 1% YoY Online Sales Growth for U.S. Holiday Season

Retail TouchPoints

“For the back-to-school season, 42% of consumers say they are spending more, but 57% are trading down for lower prices,” said Caila Schwartz, Director of Consumer Insights and Strategy for Retail and Consumer Goods at Salesforce during an Aug. 22, 2023 briefing.

article thumbnail

Shopify Subscriptions App: 5 Must-Know Tips for your Program

Groove

Types of Subscription Programs Replenishment The replenishment subscription model is most commonly applied to everyday consumable goods that customers need on a recurring basis. Customers use this offering because of the convenience of items showing up at just the right time. Shopify CRM Hunting?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Are eCommerce Subscriptions? And, Why Do They Matter?

GetElastic

Recurring billing ” is the periodic (for example, monthly or annual) invoicing of a customer to collect payment for one or more subscriptions. Subscription management ” is the process of selling new subscriptions and amending existing subscriptions over time. Four Common Types of eCommerce Subscriptions.

article thumbnail

How to Sell Subscriptions on Shopify (Jan 2022)

Ecommerce Platforms

The commodity subscription model allows customers to replenish their supply of essential consumer goods, such as toilet paper, bathroom products, and pet food. These companies also sell products that tend to already have slim profit margins like consumer goods. Put plenty of resources into customer retention.

article thumbnail

How to Price a Product: Strategies and Methods For Retail

Korona

This type of statement ignores the true cost behind what goes into bringing a consumer good to market. . KORONA POS offers retailers powerful tools for managing their inventory. The software breaks down your store’s data into manageable reports, including customizable KPIs and ABC analysis. Pricing with Your Retail POS.

article thumbnail

#CCS23: Composable Commerce, ChatGPT and Data, Data, Data

Retail TouchPoints

Sweaty Betty’s use of performance and personalization APIs from Salesforce allowed the retailer to “customize pricing and promotions to different shopper groups” depending on the actions they took, said Igor Faletski, VP of Product Management at Salesforce. View the session on demand.

POS 290
article thumbnail

How Coronavirus (COVID-19) Is Impacting Ecommerce [March 2021]

ROI Revolution

But even with consumers’ heightened demand for digital options due to the coronavirus pandemic, many retailers are failing to meet expectations. Additionally, 60% of consumer goods brands had to cancel promotions due to supply chain issues caused by the pandemic. Black Friday brought in $2.4 Bloomberg ). November 23 update.

eCommerce 195