Remove Customer Remove Customer Data Remove Department Stores
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The AI Pricing Debate: Balancing Retail Innovation and Consumer Trust

Retail TouchPoints

According to one Gartner Market Guide : “By 2025, the top 10 global retailers by revenue will leverage contextualized real-time pricing…to manage and adjust in-store prices for customers.” Another compelling example comes from a leading department store that implemented AI pricing across its physical and digital channels.

Consumer 296
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Move Past Hype to Focus on Value with AI Implementations in the POS Space

Retail TouchPoints

AI fuels imagination, leading to a flood of ideas of how to enhance customer experiences, automate tasks and gain an edge in the market. AI can analyze that data, even in real time, and provide retailers with information that helps them maximize revenues. The challenge, however, is dealing with too much of a good thing.

POS 321
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How to Meet and Exceed Amazon-Driven Customer Expectations 

ESW

But as retailers and brands with DTC ecommerce channels know, meeting online customer expectations in an Amazon-dominated environment is challenging to say the least. From the shuttering of physical stores to seismic shifts in logistics operations, many blame The Amazon Effect. But in order to compete, brands need to do just that.

eCommerce 139
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HBC Splits Saks OFF 5TH Into Online and In-Store Businesses — a Path Other Brands May Follow

Retail TouchPoints

The department store retailer took a similar route by dividing Saks Fifth Avenue into distinct ecommerce and brick-and-mortar companies — a move that could become a trend among apparel and specialty retailers. Saks OFF 5TH provides a compelling assortment of brands to fashion-seeking customers at the best prices.

Other 177
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The Need for Delivery Speed Drives Holiday Hiring

Retail TouchPoints

While Amazon and many big box retailers have announced their seasonal hiring plans, department stores and fashion chains have been notably, but not unexpectedly, quiet. The pandemic has negatively impacted the department stores’ businesses. Relieving Pressure On Stores.

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Our Bold New Plan to Suck Less

Steve Dennis

I had several responsibilities, but by far the most important and vexing one was helping craft a turnaround strategy for Sears’s long-suffering department store business. Discount mass merchants like Walmart, Target, and Kohl’s were stealing away more value- and convenience-oriented customers. He looked dismayed. What’s up?”

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How Traditional Retailers Use Digital Marketing to Stay Relevant

Optimizely

In fact, they’ve managed to thrive thanks to savvy digital marketing and data harvesting, which has made them not only relevant but hard to ignore. Here’s how the best brands manage to keep the attention of customers old and new, combining old-school brand power with modern marketing tactics. Target’s Data-Driven Decision Making.

Marketing 150