RTP blog

SEPTEMBER 25, 2017

With technology that creates a seamless shopping experience and insights from your data. They’re also offered product recommendations for the items they’ve selected and can command their entire shopping experience from the fitting room. The in-store rep doesn’t have to rely on intuition alone to provide relevant recommendations.

Technology 300

Technology eCommerce Platforms eCommerce Recommendation 300

Omnisend

MARCH 29, 2021

If ever any industry fully embraced ecommerce, it’s fashion. According to Shopify’s Fashion Industry Report , the fashion industry will reach a whopping $713 billion by next year. That number is largely influenced by the industry’s domineering growth, as indicated by ecommerce fashion industry statistics from Statista.

Fashion 148

Fashion eCommerce Omnichannel Clothing 148

Retail TouchPoints

JULY 14, 2021

Traditionally, inconsistent data sharing and a lack of full alignment on trends and goals have hindered most demand forecasting processes. There is broad skepticism around extremely recent sales data; to many, it seems “too current to be accurate.” RTP: Data sharing is a key recommendation that underlies this report.

Shipping Costs 264

Shipping Costs Omnichannel Channel Recommendation 264

Retail TouchPoints

OCTOBER 31, 2023

Through the effective use of their customer data and clienteling capabilities, retailers can craft deeply personalized shopping experiences, making the wardrobe refresh portion of the RTO journey much more enjoyable for the customer.

Customer 275

Customer Retail Recommendation Fashion 275

Retail TouchPoints

JANUARY 8, 2024

With this data, brands can better understand customer fit issues, improve how they communicate sizing to customers and even incorporate the feedback into product designs and manufacturing. The tool then transforms the data into standardized sizes, removes duplicate information and autocorrects missing or incorrect measurements.

Apparel 147

Apparel Beauty and Health Recommendation Fashion 147

RetailMinded

FEBRUARY 16, 2023

Almost half of fashion stores are stuck with excess stock after a disappointing start to 2023, according to a survey by Inventory Planner. And US fashion stores are sitting on an average of £74,000 worth of excess stock due to the downturn in consumer spending. It has little value and is costly to store.

Fashion 96

Fashion Clothing Apparel Supplies 96

RTP blog

OCTOBER 12, 2018

By Geetanjali Sarna and Amit Prabhakar Gaitonde , Wipro Despite the growing use of technology in all facets of life, fashion retail has continued to play it safe when it comes to utilizing technology to further innovation and the customer experience. Retailers have started using AI to power their e-Commerce experience.

Fashion 150

Fashion Technology Payment Services eCommerce 150

Retail TouchPoints

FEBRUARY 19, 2024

With this uncertainty in mind, I spent time on Saturday, November 25, 2023 seeking out early ecommerce sales data from Black Friday to gain a clearer understanding of how the market was performing. According to online shopping data from Adobe Analytics , Black Friday sales were $9.8 billion, up 7.5% from last year. of online sales (vs.

eCommerce Marketing 266

eCommerce Marketing eCommerce Marketing Mobile 266

Retail TouchPoints

NOVEMBER 18, 2021

Retail data science solution provider PreciseTarget has launched AcquisitionAI, a tool designed to give instant analysis of a brand’s newly acquired customers, automatically generating audiences that target the highest-value shoppers among them. AcquisitionAI includes integration with Facebook and other digital ad platforms.

Customer 252

Customer Retail Apparel Fashion 252

Retail TouchPoints

MAY 31, 2022

With so much activity online at the height of the pandemic — during which many people gladly took to shopping online for convenience and peace of mind — retailers have a windfall of customer data that can be leveraged to deliver better and more engaging shopping experiences. AI-powered personalized recommendations.

Mobile 324

Mobile Customer Data Recommendation Fashion 324

Sailthru

SEPTEMBER 20, 2018

On the surface, fashion and apparel sounds like a broad enough category that it’s easy to think they don’t have their own obstacles. Instead, fashion and apparel brands have the other retailers’ struggles on steroids because they face all of them. Predictive recommendations offer an intent-based approach.

Fashion 74

Fashion Apparel Department Stores Retail 74

Retail TouchPoints

MARCH 12, 2024

Tools like wearables are helping them home in on personal mood insights and recommendations, highlighting which products and activities to pair with the mood of the moment. As a fashion brand, for instance, could you group clothes and accessories based on the moods they produce – from calm to excitement, passion or romance?

Consumer 238

Consumer Beauty and Health Retail Fashion 238

Dynamic Action

JULY 7, 2023

Summary Fashion designers can use data to understand customers, make smarter decisions, and choose aesthetic options. Data science offers predictability and certainty in navigating the evolving fashion market. Data science helps identify trends, patterns, and customer preferences for better decision-making.

Merchant Services 62

Merchant Services Arts Fashion Technology 62

Retail TouchPoints

JUNE 8, 2023

As a result of this rise in reselling, sneakers are also emerging as the ecommerce category most susceptible to online fraud, according to proprietary data from Riskified’s ecommerce risk intelligence platform. Riskified’s data found that sneakers are 162% riskier than the average industry risk level across all industries.

eCommerce 250

eCommerce Fashion Jewelry Electronics 250

Retail TouchPoints

MAY 27, 2022

“This initiative is a natural next step in H&M Group’s long history of innovation, where we use technology to discover new ways of enjoying fashion.”. The mirrors recognize the products brought into the fitting room and can offer personalized product and styling recommendations.

Payment Services 289

Payment Services Fashion Recommendation Customer Experience 289

Retail TouchPoints

JUNE 12, 2023

Amazon’s legendary machine learning algorithms drive revenue by recommending products based on customers’ behavior. And the fashion brand Gucci, with the recently launched “Gucci Assistant,” chats up users as they move through the customer journey. AI technology models are complex and require a lot of data and computing power to train.

Retail 264

Retail Technology Games Recommendation 264

Retail TouchPoints

MARCH 30, 2021

Asian online fashion and lifestyle website Zalora is deploying the Algonomy Hyper-Personalization Suite to offer real-time, personalized interactions across all touch points on its customers’ digital journey, including search, content, browse and product recommendations.

Mobile 246

Mobile eCommerce Accessories Apparel 246

Retail TouchPoints

MARCH 3, 2023

These highly personalized experiences, when offered to thousands of individual customers using proprietary data, are difficult for competitors to imitate and set the retailer apart. Customers’ data trails can help retailers access preferences, past orders and history. Value added services have their own charm.

Consumer 240

Consumer Customer Loyalty Customer Experience Recommendation 240

Retail TouchPoints

JULY 10, 2023

Unlike traditional AI that is used to detect patterns and make decisions, generative AI models use neural networks that are trained with massive amounts of data to create new and original content — all from just a few typed questions from a person. Retailers have a vast amount of data about customer shopping behavior and purchase history.

Merchant Services 276

Merchant Services Shipping Costs Retail Social Media 276

Retail TouchPoints

FEBRUARY 14, 2023

Very offers products across fashion, tech, homeware, toys, sports equipment and other categories from more than 2,000 brands. Constructor’s technology will help Very deliver highly personalized shopping experiences and journeys aimed at driving engagement, loyalty and conversions.

Toys 208

Toys Fashion Customer Experience Channel 208

UpSellIt

FEBRUARY 22, 2024

The Website Experience is made up of 3 main solutions that are customized for each brand we work with: AI Recommendations Targeted Tactics Brand-to-Brand Partnerships The Solutions Within Upsellit’s Website Experience AI Recommendations AI Recommendations personalize the online shopping experience while increasing order values and conversion rates.

Conversion Optimization 134

Conversion Optimization Recommendation Customer Loyalty Merchant Services 134

Retail TouchPoints

JANUARY 20, 2022

Amazon has announced plans for its first-ever physical fashion store — dubbed Amazon Style — which will feature women’s and men’s apparel, shoes and accessories. While not all of these are fashion labels, many are, and just as on the website those brands will most likely be given top billing in Style stores.

Clothing 235

Clothing Payment Services Apparel Department Stores 235

Retail TouchPoints

JANUARY 7, 2022

Newmine’s Chief Returns Officer platform helps retailers identify the reasons products are being returned through data analysis, and then recommends actions that can be taken to mitigate those returns. In fact, McKinsey estimates that close to 70% of all returns in fashion retail are due to poor fit or style. Source: EPA.

Apparel 261

Apparel Shipping Costs Fashion Customer Experience 261

RetailMinded

OCTOBER 30, 2022

Some retail brands are born in boardrooms, others are created in more unconventional circumstances – and J Brooks Boutique , an Atlanta-based online fashion business, is one of those brands. Thanks to its impressive jump in revenue, J Brooks Boutique was also crowned as America’s Fastest Growing Fashion Brand, according to the poll.

Fashion 52

Fashion eCommerce Clothing Merchant Services 52

Retail TouchPoints

JANUARY 11, 2024

The goal of the conversational chatbot is to provide shoppers with tailored product recommendations and helpful advice based on personal preferences and life experiences — for example, whether a customer is a sports enthusiast, a nursing mother, a breast cancer survivor recovering from a mastectomy or simply ready for a new bra.

Supplies 173

Supplies Technology Recommendation Apparel 173

Retail TouchPoints

JUNE 7, 2022

We live in a world where 91% of consumers are more likely to do business with brands that remember, recognize and provide them with relevant recommendations and offers — and where 80% of consumers want personalization in retail to the extent that they would depart for a competitor if a vendor gets it wrong. ecommerce revenues grew by 32.4%

Recommendation 278

Recommendation Arts Retail Consumer 278

Retail TouchPoints

OCTOBER 15, 2021

But data and analysis from Edited indicates that most products sold online are between a size 00 and a size 08. But it’s still true that only a small fraction of the fashion retail market has put tactical plans into place to support this significant consumer base. The average woman in the U.S. billion in the U.S.

Consumer 290

Consumer Retail Merchant Services Fashion 290

Retail TouchPoints

AUGUST 9, 2023

“Not only does it save customers a lot of time and hassle, but even before the appointment, we can take inspiration from their unique preferences and give tailored recommendations that can even complement products they already have.” “By

Fashion 210

Fashion Technology Recommendation Operations 210

Retail TouchPoints

JULY 16, 2021

This refers to the uncertainty many consumers feel shopping for fashion items as they try to determine which size is best for them. For too long, the fashion industry has been telling women what size they should be, what trend they should wear, etc. smartphone and instantly receive their size and fit recommendations. “We’ve

Technology 264

Technology Apparel Mobile Customer Experience 264

365 Retail

NOVEMBER 13, 2023

Dan Knight, Fashion Technology Expert at Mindera The role AI can play in driving time and cost efficiencies The scenario where AI can add the most value, especially from an eCommerce perspective, is through the processing of unreasonably large sets of data. AI is typically only as good as the data it is trained on.

Retail 110

Retail Recommendation Technology Fashion 110

Retail TouchPoints

FEBRUARY 3, 2022

Before we know it, conducting business via chat will be the latest “new normal,” whether those communications are tailored to personalized service, item recommendations based on previous purchases or the ability to shop and pay in the same interaction (or message chain, in this instance).

Consumer 260

Consumer Social Media Multichannel Fashion 260

Sailthru

APRIL 10, 2019

In Los Angeles, we were recently joined by Eric Pescatore, Director of Strategy & Analytics at TechStyle Fashion Group, and Eric Wu, Head of Product & Growth at BloomNation. Pescatore, an avid tester who tested 30,000 in ads alone last year, notes that fashion is the opposite. Here are three examples: Segmenting and Testing.

Fashion 84

Fashion Shipping Costs Travel Shipping 84

Retail TouchPoints

JUNE 13, 2023

Most importantly, they are supporting the business as it aims to evolve to a “more unified and data-driven approach to retail.” With the exponential growth in data generation and availability, the task of harnessing it effectively is paramount. This involves personalized product recommendations, marketing messages and customer service.

Supplies 236

Supplies Customer Experience Technology Omnichannel 236

365 Retail

OCTOBER 8, 2023

Mango, a prominent European fashion conglomerate, is accelerating its digital metamorphosis with the introduction of Lisa, its proprietary conversational generative Artificial Intelligence (AI) platform. Last year, in line with its participation in Metaverse Fashion Week, Mango established a Virtual Assets team.

Fashion 105

Fashion Technology Events Recommendation 105

Retalon

FEBRUARY 14, 2024

Through the critical lens of data analysis, businesses are steering towards a more informed and strategic approach. Source Retailers are at a pivotal juncture where leveraging data not only sharpens strategic decision-making but also paves the way for innovation and competitive advantage.

Retail 41

Retail Operations Management Improvements 41

Liveintent

MAY 3, 2022

Publishers know they need to collect first-party data from their audiences — no more relying on third-party cookies or losing valuable insights to walled gardens. So, now that publishers are plugging into the power of first-party data, the question becomes: How exactly can they use that data to drive revenue and engagement?

Travel 62

Travel Operations Blog Fashion 62

Retail TouchPoints

OCTOBER 25, 2023

Life experiences are catalysts for forging these communities — milestones such as going off to college or having children can serve as a baseline for connection, as individuals seek out those they can relate to and get recommendations from.

Social Media 284

Social Media Travel Apparel Clothing 284