Retail TouchPoints

DECEMBER 18, 2020

The resulting lockdowns and shelter-in-place orders have caused a shift in buying behavior among American consumers. Varying product availability has been a key reason for these changing buying decisions, prompting consumers to choose between need and preference. Truck driver shortages. Altered trucking routes.

Supplies 246

Supplies Shipping Costs Operations Customer 246

Retail TouchPoints

JULY 5, 2022

As consumers have turned to more sources to shop, retailers have diversified their commerce and marketing strategies. In fact, Retail TouchPoints has seen the number of channels used to conduct business grow year after year in its annual Omnichannel and Fulfillment Benchmark Survey.

Omnichannel 235

Omnichannel Fulfillment Customer Retention Channel 235

Retail TouchPoints

JUNE 23, 2022

This is also the ideal time to review the online customer journey, because consumer expectations for ecommerce convenience and personalization are higher than ever, based on the findings of ClearSale’s 2021 State of Consumer Attitudes on Ecommerce, Fraud & CX survey.

Payment Services 252

Payment Services eCommerce Payments Retail 252

Retail TouchPoints

JULY 21, 2022

For years, consumers have known that their behaviors have been tracked. But as more outside forces shine a spotlight on how those behaviors are turned into data that is leveraged for monetary gain, consumers are looking for more control over their information — and marketers are scrambling to keep pace. “And adults and 125 marketers.

Marketing 266

Marketing Consumer Information Customer Retention 266

Retail TouchPoints

JANUARY 18, 2022

Retailers frequently ask customers to enroll in a loyalty program at point of sale — especially during the holiday shopping season. In fact, 61% of consumers have joined a loyalty program to get discounts for holiday shopping. 3 Steps for Inspiring Customers to Stay Engaged. 3 Steps for Inspiring Customers to Stay Engaged.

Customer Retention 266

Customer Retention Social Media Shipping Point of Sale 266

Retail TouchPoints

JUNE 29, 2021

After the initial rush to stock up on essential goods in the early months of the pandemic, traditional brick-and-mortar operations experienced decreased foot traffic in-store as consumers turned to grocery delivery services and ecommerce to secure items they needed from the safety of their homes.

Payment Services 222

Payment Services Retail Customer Retention Payments 222

Retail TouchPoints

AUGUST 15, 2022

New research from PwC has found that three in 10 customers are more likely to try a new brand — and that number is even higher among younger consumers. But winning (and keeping) customers’ loyalty is no longer confined to programs and points. Despite their investments, there are a few gaps and opportunities for improvement.

Customer Loyalty 190

Customer Loyalty Customer Retail Shipping Costs 190

Omnisend

JANUARY 8, 2024

Reading Time: 8 minutes A common misconception about repeat customers is that they only respond to crazy discounts. While providing discounts is an effective strategy to encourage returning customers, it’s neither the only nor the best way. Let’s explore the value repeat clients and customers can bring to your business.

Customer 88

Customer Customer Retention Social Media X-cart 88

Groove

NOVEMBER 12, 2020

From there, tailor individual shopping experiences to help accelerate the consumer purchase decision process or nurture them post-purchase. Take advantage of this opportunity to save big and earn more by nurturing and rewarding your current customers. Segment by lifecycle stage, previous purchase behavior and more.

Customer Experience 356

Customer Experience Improvements Customer Social Media 356

RetailMinded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Retail Social Media 52

RetailMinded

JULY 29, 2023

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Payment Services 52

Payment Services Consumer Retail Social Media 52

Retail TouchPoints

MAY 28, 2021

Thoughts of poor customer service probably ring a bell in your own mind, and these opinions are hard to change — but there is hope. Customer service is changing rapidly to meet consumer behavior, providing smoother, more integrated experiences than ever before. 3 Data-Backed Reasons why Customer Service is Essential.

Payment Services 158

Payment Services Games Live Chat Customer 158

Retail TouchPoints

AUGUST 7, 2023

Developing your digital marketplace should be an ongoing process that allows you to stay nimble, by collaborating with your marketplace partners to offer a variety of products and services for your customers. Customers benefit from being able to pay as they go for the technology they are consuming.

Subscription 215

Subscription B2B Mobile Customer Experience 215

Retail TouchPoints

JULY 10, 2023

Consumers today are continuously looking for the best prices before making a purchase decision. Dynamic pricing, the process by which prices are automatically adjusted based on market conditions or customer behavior, is key to helping retailers improve razor-thin margins. Assistive customer service. Automatic price optimization.

Merchant Services 262

Merchant Services Shipping Costs Retail Social Media 262

Groove

OCTOBER 7, 2022

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. Increase Customer Retention. Types of Subscription Programs. Replenishment.

Subscription 195

Subscription Shopify Merchant Services Shipping Costs 195

Retail TouchPoints

MARCH 26, 2021

These systems enable retailers to build tailor-made products at scale for each customer from a warehouse. For example, customers can create unique colorways for a pair of sneakers or add personalized text. Fast delivery remains an area of crucial importance for customers. Distributed Order Management System for Order Routing.

Customer Experience 300

Customer Experience Technology Customer Fulfillment 300

Smile.io

JULY 7, 2023

Increases customer retention Customer retention is the key to sustainable and long-term growth for ecommerce brands. According to our data at Smile.io , on average, the top 10% of customers spend 2 times more per order than the lower 90%. Blog Mike Rossi 2. Blog Gabrielle Policella 5.

Customer Retention 86

Customer Retention Blog Customer Experience Jewelry 86

Retail TouchPoints

MAY 23, 2023

Our founders are not consumers in context of the ‘consumerist culture,’” Gopinath explained. The company’s goal isn’t to get consumers to buy the same products over again, but to sell those products to more consumers while also providing shoppers with things that work in other parts of their lives.

Specialty Retailers 214

Specialty Retailers Consumer Social Media Accessories 214

Groove

OCTOBER 7, 2022

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.

Subscription 195

Subscription Shopify Merchant Services Payment Services 195

Retail TouchPoints

MAY 2, 2023

Now, however, the concern is that as capacity is available again, goods are being shipped at an increasing rate while the costs associated with shipping products to consumers — and then shipping them back to you if they want to make a return — are also increasing. Freight Frustration Customers are also feeling the shift in the economy.

Customer Retention 233

Customer Retention Shipping Costs Customer Merchant Services 233

lateshipment

OCTOBER 16, 2020

A question that is largely on the minds of retailers and consumers alike. With COVID-19 still at large, consumers will be making difficult shopping choices and retailers will be scratching their heads for a strategy that will bring them a great sale. What are consumers planning? Holiday season 2020 from a consumer standpoint.

Shipping Costs 211

Shipping Costs eCommerce Social Media Shipping 211

Kissmetrics

JANUARY 17, 2022

For example: they personalize subject lines companies send them to welcome new customers and acknowledge orders they target consumers who’ve abandoned carts. For further personalization, businesses can use their data and track consumers’ behavior to tailor the emails and increase the chances of a purchase.

Marketing 273

Marketing Recommendation Social Media Improvements 273

lateshipment

NOVEMBER 26, 2023

Enter “Brand BFF” or repeat customer, a win-win situation for your customers and your business. Why Focus on Customer Retention? To give you a little motivation, here are some of the benefits that you can stand to gain by increasing your customer retention rates.

Shipping Costs 130

Shipping Costs eCommerce Order Fulfillment Shipping 130

Sailthru

JUNE 1, 2023

Interactive digital experiences can help build brand loyalty while delivering key details about your customer’s interests and future purchase intent. The importance of data to strengthen customer retention and sales is well-known by most businesses. Better personalization leads to stronger engagement and higher ROI.

Travel 78

Travel Customer Retention Demo Recommendation 78

iVend

MARCH 14, 2023

Yet in fact, the backlash to lockdown is that many of the consumers who were forced online are now desperate to get back to human-based and personal shopping. When the National Retail Federation surveyed consumers, 45% * of respondents said they preferred in-store shopping, compared to just 28% who prefer online.

POS 97

POS Point of Sale Mobile Payment Services 97

365 Retail

AUGUST 2, 2021

As eCommerce demand grew exponentially in 2020—with online sales in the UK growing by 46% ; the largest increase in more than a decade — so too did consumer demand for slick, seamless and personalised online shopping journeys.

Customer Retention 111

Customer Retention Arts Operations eCommerce 111

Kissmetrics

MAY 18, 2021

This is done through A/B testing , data analysis, customer journey mapping , consumer research, and more. According to Unbounce , 70 percent of consumers report a slow load time decreases their chance of buying. Clients need to understand the value of their website and how it affects consumer relationships. Conclusion.

eCommerce 280

eCommerce SEO Improvements Document 280

RetailMinded

FEBRUARY 19, 2022

Customer retention requires a well-balanced blend of gilt-edge experience and customization. Merchants serving a global audience need an added layer of personalization; tailoring their payment method offering to consumers in each market. In Asia, consumers typically prefer mobile e-wallets.

Merchant Services 52

Merchant Services Payment Services eCommerce X-cart 52

Retail TouchPoints

SEPTEMBER 21, 2021

The 15 sessions covered a wide range of topics, so to make it easier to browse we’ve organized the sessions into four categories: Holiday 2021 forecasts and how best to prepare for 2022; Building loyalty with connected consumer experiences; Key ecommerce and digital marketing trends; and Embedding innovation within your retail organization.

Payments 207

Payments Payment Services Customer Experience Social Media 207

Smile.io

APRIL 30, 2024

  But how do you boost customer engagement ? It can be a game-changer for businesses also looking to improve their marketing ROI and increase customer retention rates. Collect information about customers' interests, activities, and preferences to understand their needs. What is email retargeting?

Customer 71

Customer Shopping Carts Shipping Costs Subscription 71

retailnext

SEPTEMBER 24, 2019

Retailers depend directly on consumers for their business growth, which has placed shopper experience and customer satisfaction at the top of the priority list, making customer and market research very important. Online Surveys – The perfect way to know what your audience thinks of your products and services is to ask them!

Customer Data 88

Customer Data Improvements Customer Social Media 88

365 Retail

JUNE 5, 2024

In such a landscape, building strong customer loyalty is a necessity for retail businesses, and one of the most effective tactics they should have in their marketing toolkit is loyalty programs. In fact, according to statistics, about 80% of consumers state they are more likely to stick to a brand that offers a loyalty program.

Customer Loyalty 52

Customer Loyalty Customer Retail Customer Retention 52

Sailthru

JULY 18, 2018

If you want to understand customer retention, you need to understand customer lifetime value. Unfortunately, customer lifetime value can be tricky to define and measure. How long is a customer lifetime, anyways? Eighteen percent say their organization does not even calculate customer lifetime value.

Customer 60

Customer Customer Retention Games Conversion Optimization 60

Liveintent

DECEMBER 2, 2019

It remains the most powerful way to reach target audiences, and is the go-to platform for both customers and marketers. As consumers, email helps us stay up-to date with information from work, family, news outlets, and our favorite brands. Over 78% of consumers abandon their shopping carts when making purchases online.

Marketing 103

Marketing Shopping Carts Customer Retention Social Media 103

Sailthru

NOVEMBER 20, 2017

The coming holiday season will provide a laboratory to examine a dramatic shift in consumer behavior: More consumers say they plan to use their smartphones to shop online than their laptops or desktops. In publishing news, customer retention is now a top priority for The New York Times, which has almost 2.5

Mobile 60

Mobile Gifts Customer Retention Article 60

iVend

JULY 8, 2022

Customer experience in retail is at the heart of what keeps customers coming back.Forbes reports on a study in which 90% of consumers said they are more likely to return to a retail store if they have had a positive experience. Interaction and engagement are primary drivers of customer retention, and therefore increased sales.

Customer Experience 52

Customer Experience Customer POS Customer Retention 52

RetailMinded

MAY 16, 2023

Online customers increasingly expect prompt responses, especially from live chat or email businesses. Additionally, implementing audience research and surveys can help you understand what type of customer service your audiences most seek. With m-commerce, customers can shop at any time, anywhere.

Payment Services 52

Payment Services eCommerce Payments Live Chat 52