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What to Consider When Incorporating AI into Your Retail Business

Retail TouchPoints

When contemplating whether and how to incorporate AI into their business, retailers should consider the following: Privacy concerns. This is true both for the data used by the AI tool developer to pre-train the AI tools used by the retailer, and for data ingested, used or shared by the retailer through its own use of the tool.

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Top 10 Retail Trends to Watch in 2024

RETAIL MANAGEMENT SOFTWARE

As we step into 2024, the retail sector is undergoing significant transformations in technology, supply chain dynamics, and consumer behavior. Navigating this shifting terrain requires a tailored approach rather than a universal solution for future-proofing retail businesses.

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6 Things to Know About Ecommerce Consumers in 2023

ESW

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.

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Ecommerce Trends: 147 Stats Revealing How Modern Customers Shop in 2017

BigCommerce

Conducting high-level research into who buys what, when and why, with regards to Americans shopping online, can be costly and time-consuming — which is why we’ve done it for you. Online orders increase 8.9% Ecommerce trends by generation. Millennials and Gen Xers spend 6 hours per week shopping online. 53% of U.S.

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3 Ways to Maximize Zero-Party Data Collection During Black Friday and Cyber Monday

Retail TouchPoints

However, as stringent consumer privacy laws like GDPR and CCPA make collecting customer data more difficult, brands are having to adapt their data collection strategies to adhere to new standards. This is because they’re short and snappy, meeting consumers’ demands for convenience and speed.

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CCPA: All About the California Consumer Privacy Act

FastSpring

Have you heard about the California Consumer Privacy Act (CCPA) ? This historic privacy bill was unanimously passed and signed into law in the summer of 2018. See what you need to do and how the CCPA may affect your online sales in the years ahead, no matter where your business is located. Are you an online retailer?

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The Money Quarter – how online retailers can win

365 Retail

It is easy to follow the general trend when it comes to discounting and follow suit because every other business is doing it. You’ve no doubt already noticed the impact of Apple’s privacy update which has reduced the effectiveness of ads on Facebook. Make sure you keep expenses under control during Q4. 6 – Funding.