UpSellIt

FEBRUARY 12, 2021

Despite growing economic concerns at the hands of global pandemic, the online luxury retail market is growing. While traditional conversion strategies work for online retailers, there are specific considerations to be made for luxury retailers. Conversion Optimizations Strategies for Luxury Online Retailers.

Conversion Optimization 121

Conversion Optimization Online Retail Retail Recommendation 121

RetailWire

JULY 20, 2022

Online retailers including Wayfair will need to raise cash within a few years based on their current burn rates. Wayfair, which had positive cash flow for the past two years as consumers spent freely to make their homes more livable, is expected to burn through cash this year and in 2023.

Online Retail 40

Online Retail Other Retail Consumer 40

Retail TouchPoints

APRIL 1, 2021

Humans have been dynamically evolving the concept of loans and credit in commerce for hundreds of years — culminating in the explosion of consumer credit cards in the 20th century. consumers have now used a buy now pay later (BNPL) service. . The BNPL Generation. A Win for Merchants Too. In the U.S. trillion opportunity.

Merchant Services 251

Merchant Services Payment Services Online Retail Payments 251

Retail TouchPoints

MAY 27, 2024

Satisfaction is the gauge that retailers use to measure their performance. Positively, 73% of online shoppers say they received good or excellent customer service from online retailers. Online shoppers embrace online retailer customer service; half interact at least monthly.

Live Chat 203

Live Chat Customer Social Media eCommerce 203

Frooition

AUGUST 26, 2022

The cost of living crisis caused by rising energy costs and the subsequent squeeze on household budgets will hit online retail businesses hard this winter. 10 Tips To Help Online Retail Businesses Survive The Cost of Living Crisis. The small business community is a community like any other. How Can Frooition Help?

Online Retail 105

Online Retail Small Business Retail Retail B2C 105

Retail TouchPoints

JULY 21, 2020

The uncertainty created by COVID-19 and the gradually loosening lockdowns mean it’s harder than ever for online retailers to know how and where to focus their energies when it comes to search. They can capitalize on opportunities by creating, updating and optimizing content that reflects the changes they’re seeing.

Online Retail 180

Online Retail SEO eCommerce Retail 180

Retail TouchPoints

SEPTEMBER 2, 2022

Analytics allows warehouse managers to determine customer behaviors, how they evolve, as well as what to expect from manufacturers and other parts of the supply chain. More data availability in warehousing has led to retailers repositioning products to increase efficiencies. Based on social media analysis on consumer sentiment.

Online Retail 219

Online Retail Shipping Costs Retail Supplies 219

365 Retail

OCTOBER 27, 2022

It is easy to follow the general trend when it comes to discounting and follow suit because every other business is doing it. In other words, you cannot run a company smoothly without synergy between members of the team. The post The Money Quarter – how online retailers can win appeared first on 365 RETAIL | Retail Technology News.

Online Retail 98

Online Retail Retail Supplies Banking 98

Retail TouchPoints

MAY 8, 2024

The potential utility of biometric data to retailers is wide-ranging. Virtual try-on technologies that allow consumers to see themselves wearing an item before making a purchase are interesting but complicated. These types of uses should be carefully implemented to ensure compliance with relevant privacy laws.

Payment Services 258

Payment Services Retail Outdoor Technology 258

Wiser

APRIL 21, 2020

and Canada has drastically changed the relationship between retailer and consumer. By mid-March, nearly all brick-and-mortar retailers had closed locations or reduced hours, while people stopped congregating in public and began spending more time at home. Some categories had more drastic price changes than others.

Online Retail 129

Online Retail Beauty and Health Outdoor Electronics 129

Retail TouchPoints

SEPTEMBER 27, 2023

It started with COVID, and it hasn’t stopped — consumer shopping behaviors continue to rapidly shift even as the pandemic moves into the realm of memory. For brands and marketers, it’s hard, nigh impossible, to keep up with how and where consumers are shopping today, but media planning and buying platform Infillion tried.

Social Media 283

Social Media Multi-channel Consumer Comparison Shopping 283

Retail TouchPoints

FEBRUARY 28, 2024

Authentic brands including Juicy Couture, Frederick’s of Hollywood and the newly launched Authentic.com already use the solution provider’s AI-powered technology, but now Fast Simon has become a preferred partner for other Authentic-owned brands such as DC Shoes and Reebok.

Recommendation 199

Recommendation Online Retail Technology Improvements 199

Retail TouchPoints

JUNE 7, 2023

Today, it is possible to stimulate all consumer senses online. Sensory Enabling Technologies (SETs) enable consumers to feel textures, smell and even perceive the taste of a product. We’ll also investigate how senses available online can be used to trigger perceptions via the absent ones. virtual reality). 74% of U.S.

Technology 255

Technology Retail Customer Experience Presentation 255

Retail TouchPoints

FEBRUARY 21, 2024

Online shopping is now easier than ever before, enabling consumers to purchase everything from socks to a dining room table from a computer at their home to a mobile phone in an airport terminal. While this is good news for many ecommerce retailers, it has also become more and more expensive to deliver those goods to customers.

Shipping Costs 210

Shipping Costs Shipping eCommerce Small Business Retail 210

ESW

JUNE 23, 2023

trillion by 2026, making up 27% of all retail sales. And as the number of ecommerce consumers continues to grow, new markets and segments are emerging along with it. But keeping up with consumer behaviour around the world can be overwhelming for even the biggest ecommerce brands.

Consumer 78

Consumer eCommerce Payment Services Shipping Costs 78

Retail TouchPoints

JULY 5, 2023

As the online payments industry continues to evolve, new digital wallet solutions, such as mobile payment apps and e-wallet platforms, are becoming increasingly popular and reshaping the way consumers transact. This reduction in fraud liability can result in significant cost savings for retailers.

Merchant Services 256

Merchant Services Payment Services Payments Retail 256

Retail TouchPoints

DECEMBER 27, 2022

retail sales excluding automotive increased 7.6% The index, which was not adjusted for inflation, measured in-store and online retail sales across all forms of payment. The payment company saw that online sales grew 10.6% of total retail sales, up from 20.9% year-over-year for the period from Nov. 1 though Dec.

Automotive 255

Automotive Retail Gifts Online Retail 255

Retail TouchPoints

MARCH 28, 2023

Amid rising costs and fears of a looming recession, however, online retailers are finding they can no longer afford the level of generosity that customers have come to expect. When adding restrictions and costs to the returns equation, retailers should remember that the vast majority of consumers have good reasons for returning items.

Home Furnishings 243

Home Furnishings Clothing Operations Online Retail 243

Wiser

APRIL 30, 2020

and Canada has significantly affected both brick-and-mortar and online retailers. To find out how much, Wiser Solutions surveyed more than 2,200 consumers in the U.S. Overall, the average consumer has changed their behavior due to the virus and stopped going out in public as much as they had before its spread.

Food and Beverages 109

Food and Beverages Consumer Sporting Goods Consumer Electronics 109

Wiser

MAY 22, 2018

Repricing in online retail is more than a requirement because the market is constantly in flux. Before an online retailer can pick the best way to reprice their products , there are a number of questions they need to ask themselves to make the best decision. How Often Do I Want to Reprice? .

Online Retail 68

Online Retail Retail Supplies Channel 68

Retail TouchPoints

JUNE 8, 2020

Near-field communication (NFC) is similar to radio-frequency identification (RFID) technology, except that NFC only allows devices to connect and share information if they’re within about four inches of each other. How can consumers stay safe while using contactless payments?

Payment Services 206

Payment Services Consumer Vend Point of Sale 206

Retail TouchPoints

AUGUST 26, 2022

million for selling consumers’ personal information without informing them first and not processing customer requests to opt out of sale of their data, in violation of the California Consumer Privacy Act (CCPA). Follow the law, do right by consumers, and process opt-out requests made via user-enabled global privacy controls.”.

Information 257

Information Consumer Recommendation Online Retail 257

Retail TouchPoints

JANUARY 25, 2024

The importance of efficient and secure online retail experiences is more crucial than ever. Retailers face the challenge of not only attracting customers but also ensuring their online journey is seamless and secure. Passwords are at the heart of the issue and account for 30% of all abandoned online purchases.

Payment Services 237

Payment Services Cryptography Payments Improvements 237

Retail TouchPoints

APRIL 1, 2024

Recent estimates forecast that nearly a quarter of global retail sales will come from online channels by 2027, so the ability to serve a multilingual customer base will be essential for businesses seeking global success. This focus on CX isn’t just a passing trend but rather a fundamental shift in consumer behavior.

Retail 276

Retail Customer Experience Customer Retention Technology 276

365 Retail

JUNE 6, 2023

iCandy launches with Very Very, on the other hand, is a widely-recognised digital retailer known for its broad range of products and flexible payment options. Consumers can now browse the iCandy collection on the Very website and select the perfect pushchair to suit their individual needs.

Online Retail 52

Online Retail Retail Management Consumer 52

RetailMinded

SEPTEMBER 19, 2022

The retail sector is evolving continuously. The evolution is necessary to serve the increasing needs of modern consumers. However, retailers need to communicate the same to their target audience. Hence, they are actively using marketing to make the consumers aware of the new changes being implemented in the sector.

Online Retail 52

Online Retail Marketing Retail Social Media 52

UpSellIt

NOVEMBER 4, 2020

Each year, a palpable shift occurs in consumer spending during the holiday season: shoppers become more impulsive. As ecommerce prepares for the busiest online shopping period in history , let’s take a look and how and why consumer behavior is so affected by the holiday shopping season. Consumers Expect to Spend Money.

Consumer 146

Consumer eCommerce Recommendation Supplies 146

Retail TouchPoints

JUNE 27, 2023

There’s a lot of talk about artificial intelligence these days, with countless posts about how it’s changing consumer expectations , influencing operations and transforming entire industries. But is there anything your retail business can do to profit from AI? When it comes to ecommerce, the answer is a resounding “yes.”

eCommerce 263

eCommerce Multi-channel Multichannel Channel 263

Retail TouchPoints

AUGUST 15, 2023

Prime Visa and Amazon Visa cardmembers can now make equal monthly payments for items they purchase on tens of thousands of participating online retail sites when they use Amazon Pay. Consumers will be able to split payments across six or 12 months at 0% APR on purchases of $50 or more. The global BNPL market grew from $105.15

Merchant Services 177

Merchant Services Payment Services Online Retail eCommerce 177

Retail TouchPoints

JULY 11, 2023

These growth rates present big opportunities for brands, especially those that want to reach digitally savvy consumers in new markets. Younger consumers are especially open to buying from brands beyond their own borders. If you’re telling different stories in different geographies, one can undermine the other.” 2. ” 4.

Fulfillment 228

Fulfillment Consumer Consumer Goods Download 228

Retail TouchPoints

JANUARY 5, 2023

Although there are signs that inflation is easing, higher prices and an uncertain economy continue to impact consumer behavior. Although many customers are “brand loyal,” given the economic environment, stressed consumers nowadays will most often make retailer and product choices with price as the main factor.

Shipping Costs 277

Shipping Costs Merchant Services Channel Consumer 277

Retail TouchPoints

APRIL 13, 2021

The 2021 Connected Consumer Series reflected the challenges retail (and society as a whole) have faced during the past year, but also the growing sense of optimism that is taking hold this year. Soon, they’ll need to find ways to make in-store shopping as convenient as online ordering. Listen to the session on demand.

Consumer 136

Consumer Payment Services Fulfillment Multi-channel 136

Kissmetrics

SEPTEMBER 21, 2021

BNPL allows consumers to split large purchases into several monthly payments, interest-free. percent of US consumers choosing the option as of July 2020. In fact, 44 percent of consumers say the use of BNPL is somewhat or very important to determining how much they spend. This can help drive sales, especially for online stores.

Merchant Services 279

Merchant Services PayPal Payments Payment Services 279

Retail TouchPoints

JANUARY 31, 2023

Indeed, price was the top consumer need across all income brackets , including 66% of people making $50,000 to $74,999 and 53% making more than $200,000. Amazon still leads in the realm of online grocery, but other online retailers are closing the gap. Over the six-year history of the U.S.

Omnichannel 255

Omnichannel Consumer Supplies Retail 255

Retail TouchPoints

JANUARY 17, 2023

You feel like you’ve known each other for years, even though you’ve only spent a few hours together. You quickly get a sense of likes and dislikes, as well as what you have to offer each other. Over time, the relationship deepens, and you spend more time keeping each other happy. You meet for the first time, and there’s a spark.

Customer 310

Customer Customer Data Other Marketing 310

Retail TouchPoints

FEBRUARY 7, 2023

Higher-income consumers are less impacted by inflation and, while aware of higher food, home and transportation costs, still have the funds to drive luxury sales and luxury growth,” said Marie Driscoll, Managing Director, Luxury and Retail at Coresight Research in an interview with Retail TouchPoints.

Payments 271

Payments Omnichannel Payment Services Consumer 271

RTP blog

JANUARY 14, 2019

In addition to individual brands like Bonobos, Leesa and Allbirds opening physical stores, companies and investors are also thinking of other innovative ways to capitalize on this trend and expand their footprint, through pop-up shops and experiential spaces.

Financial Services 150

Financial Services Technology Online Retail Retail 150