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Realizing the Potential Business-Specific Analytics in Specialty Retail (2021)

Retalon

Business Specific Analytics and AI for Specialty Retail. The word “retail” gets used interchangeably as if all retailers are all the same. Electronics and games retailers have presales and major demand spikes on game release days. Fashion retailers need to account for size curves for every SKU.

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Batteries Plus: Customer Data and Store Expertise Power Sweeping Digital Transformation

Retail TouchPoints

Creating these unique customer journeys is easier said than done, especially for a retailer that touches so many varied consumer segments. “We’re The easy way to do it is to think about us first and just push our products, but that’s not really solving the customer problem.

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Store Reopenings: Why Retailers Must Go Above And Beyond To Bring Shoppers Back

Retail TouchPoints

No part of the retail industry will be able to reopen as though nothing has changed, but stores where trying items on has been part of the shopper journey will be among the hardest hit — and these are often places where curbside pickup is a less appealing option. However, these retailers still have ways to draw customers back.

Retail 241
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How COVID-19 Created the Store of the Future

retailnext

For years retailers have been talking about the store of the future, how to compete with Amazon, and how to best serve today’s digitally driven customer. The pace has been maddeningly slow – both as an executive in retail technology and as a consumer. So how do retailers know how well their initiatives are performing?

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Realizing the Potential Business-Specific Analytics in Retail (2021)

Retalon

Electronics and games retailers have presales and major demand spikes on game release days. Fashion retailers need to account for size curves for every SKU Jewelry retailers carry low quantities of one-of-a-kind stones that need to be strategically stocked in stores they are most likely to sell.

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Are Retail Executives Ignoring the Facts about Bopis?

OrderDynamics

BRP surveyed retail executives, asking if their retail operations have deployed BOPUS. It directly reviewed over one thousand retail websites. Here we find: L2 Research: Finds 34% BOPIS among specialty retailers (2017). Is it too late to get in the game? Which Stats are True? Not an easy feat.

Retail 50
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Using Customer Lifetime Value (LTV) to Grow Your Business

eCommerceFuel

New post from eCommerceFuel : Customer lifetime value (LTV) is a term you can toss out at cocktail parties to sound smart. It’s, what, you know, the total value of a customer over the life of their interactions with my business. There’s not very much additional information customer lifetime value calculation can provide.