Retail TouchPoints

JULY 17, 2023

Connecting the world of physical objects into a smart network, IoT technology brings new business opportunities for retailers and provides data-driven insights for decision-makers. According to Grand View Research , the global IoT retail market was valued at $42.38 billion in 2022 and is expected to grow at a CAGR of 28.4%

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Retail TouchPoints

JANUARY 2, 2024

Ikea Retail (Ingka Group) has seen “game-changing” results since employing artificial intelligence-powered demand sensing technology. Internal team members (who Ikea Retail call “coworkers”) also provide data to further fuel the AI engine and ensure forecasts adapt to shifting variables.

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Retail TouchPoints

MARCH 16, 2023

[Editor’s note: This is the third article in our series on AI in retail. Since OpenAI debuted ChatGPT a little over three months ago , “generative AI” has become a hot topic and no industry has been left untouched — least of all retail. But how can retail professionals separate the hype from reality?

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Retail TouchPoints

JANUARY 3, 2023

With shrinking margins, economic uncertainty, and growing cyber risks from automated threats, retailers face continued challenges in 2023. Becoming proficient at navigating these obstacles is key to protecting retail profits. Five Key Automated Threats Impacting Retailers’ Bottom Line. Bad Bots are Siphoning Profits.

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GetElastic

DECEMBER 23, 2019

Reflecting on what resonated the most with you, our valued readers, we pulled the top 10 ecommerce articles from 2019. Check ‘em out: The truth about Apple Pay for ecommerce Apple reported retail giants J.Crew and Lululemon have raised mobile conversion with Apple Pay by 20% or more. Find out if Apple Pay is right for you.

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Retail TouchPoints

FEBRUARY 22, 2021

You can’t check out a news site or industry publication without seeing articles about how COVID-19 has disrupted countless industries, including retail. With that in mind, here are some of the key factors (and new normals) that retail stores must pay attention to as they work to create this outcome. . Go Back in Time.

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Retail TouchPoints

JANUARY 4, 2021

The repercussions to the traditional retail sector in the wake of the COVID pandemic are well documented and experienced far and wide. The rollout of affordable 3D scanners, powerful smartphones equipped with augmented reality (AR) capabilities and advances in 3D imaging mean that the digital retail experience is changing dramatically.

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Retail TouchPoints

DECEMBER 14, 2020

Retail TouchPoints (RTP), the top media group covering omnichannel retail, has unveiled a new and improved digital experience and expanded content initiative to better serve store designers and experiential retail executives.

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Retail TouchPoints

JUNE 6, 2022

Collaboration is the new competition; it was back in 2013 that Harvard Business Review used this sentence to headline an article on how to drive large-scale social change through collaboration. Almost a decade later, the term is absolutely still valid when it comes to defining the status quo in the retail industry.

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Retail TouchPoints

JANUARY 9, 2024

The youth-oriented retailer chose the Nedap solution for its ability to help improve inventory accuracy and enhance omnichannel fulfillment capabilities, including increased usage of buy online, pick up in-store (BOPIS) functionality. The chainwide rollout is expected to be completed in Q1 2024.

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Retail TouchPoints

SEPTEMBER 1, 2022

At the same time, retailers are harkening back to a time in the not-so-distant past when holding too much inventory was considered an unforgivable sin. In traditional retail, you always want to minimize your inventory holding costs to avoid paying for something you might not be able to sell. Excess Inventory Eats into Profits.

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Retail TouchPoints

MARCH 15, 2021

retail industry, as many consumers now solely rely on online shopping. Nearly one in five retailers were dependent on 2020’s holiday sales, and many of those sales came from online rather than in-store. This article will address why and how businesses should be thinking about digital accessibility.

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Retail TouchPoints

FEBRUARY 25, 2022

Nordstrom has joined other retailers in mandating the application of RFID tags to the products it sells in its stores. ” The retailer provided recommendations for three providers: FineLine Technologies , Avery Dennison and PAX Tag and Label. RFID-ticketed products are not yet required for drop-ship suppliers.

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RTP blog

MAY 8, 2017

By Phil Dance, Alter Agents Over that last several years, hyper-personalization has become a necessity for brands and retailers. Retailers that are embracing the rapidly advancing artificial intelligence, automated personalization technologies and machine learning are positioning themselves for the future.

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Retail TouchPoints

MARCH 4, 2021

Retail success is dependent on understanding and meeting the needs of shoppers. The AWS Retail team has been working closely with retailers to reimagine and reinvent their customers’ journeys to adapt to constantly evolving behaviors and needs. The Retail Butterfly. The Risk-Averse Shopper.

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RetailMinded

APRIL 5, 2024

Transaction monitoring is an important process that helps retailers comply with all legal requirements, most importantly, anti-money laundering (AML) regulations. This is even more important in the retail industry since your company’s reputation will also impact the first impression a new customers will have on your business.

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RETAIL MANAGEMENT SOFTWARE

NOVEMBER 7, 2023

In the rapidly evolving world of retail and consumer packaged goods (CPG), staying ahead of the competition is a constant challenge. Enter Artificial Intelligence (AI), a game-changing technology that is revolutionizing the way businesses approach marketing in these industries.

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lateshipment

APRIL 25, 2022

The retail industry has been undergoing a digital transformation for years. It has improved in speed, efficiency, and accuracy, thanks, in large part, to improved data and predictive analytics technologies that allow firms to make data-driven business decisions. AI Applications in Retail. Helps you understand customer behavior.

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Retail TouchPoints

AUGUST 25, 2021

If retailers think online shopping in 2021 is about the simple exchange of goods for money, they’re doing it wrong. Before the pandemic, ecommerce accounted for approximately 16% of all retail. Thankfully, cloud-native architecture can provide a path forward, and it’s more accessible than a lot of retailers realize. The answer?

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Retail TouchPoints

OCTOBER 7, 2022

In 2016, it became the first national British newspaper to move fully online , and now it is among the first publishing outlets to employ a new technology that turns its articles into commerce vehicles. An article with a Bolt link (above the image) and a traditional affiliate link-out (Net-a-Porter.com).

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RETAIL MANAGEMENT SOFTWARE

DECEMBER 4, 2023

The holiday season is not just a time for festive decorations and joyous celebrations; it’s also the most lucrative time of the year for retailers. As the season approaches, retailers are gearing up to capture the attention of shoppers and turn browsing into buying.

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Retail TouchPoints

MARCH 29, 2023

Given the rapid growth of online retail over the past few years, brand owners have become increasingly vigilant about the distribution of their products, in many instances by third-party resellers, on these online platforms. This article offers a quick review of common brand policing challenges that brand owners face on online platforms.

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RTP blog

MAY 22, 2019

The retailer-as-a-tech-company dynamic has been heavily influenced by Amazon. and Alibaba in China), and has further been prompted by Walmart’s continued investments in AI, robotics and VR, among other technologies. empowers whatever technologies you build or acquire — and that the new tech doesn’t duplicate things you already do.

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Retail TouchPoints

JULY 10, 2020

The retail industry is changing, fast. In fact, 2019 showed great progress for e-Commerce to close the gap in total market share of sales compared to brick-and-mortar retail. Evidenced by 2019’s record-setting holiday season , brands that strategically navigate the complex world of retail will reap an abundant reward.

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365 Retail

APRIL 26, 2023

Most of us have noticed the significant changes that technology has made to our lives, ranging from making it easier to shop to helping us communicate over longer distances. While changes in our homes and stores might seem obvious, behind the scenes, technology is also having an influence on the business market.

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RetailWire

NOVEMBER 2, 2022

Rafeh Masood, chief customer and technology officer at Bed Bath & Beyond, has resigned, effective Dec. Mr. Massood’s departure marks another significant change in the retailer’s c-suite that saw CEO Mark Tritton ousted in June and CFO Gustavo Arnal die by suicide in September.

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365 Retail

NOVEMBER 22, 2023

Inferring meaningful information from digital images and videos: retailers’ hopes to have a new, highly efficient tool against shoplifting, loss and organised crime in future are based on Computer Vision, a sub-segment of Artificial Intelligence (AI). Was an EAN code covered by a finger, or two articles held in front of each other?

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365 Retail

DECEMBER 20, 2023

Welcome to our in-depth exploration of retail gambling, a sector that continues to intrigue and entertain millions around the world. In this article, we aim to demystify the workings of retail gambling, providing insights into its various aspects. These include casinos, betting shops, and bingo halls , among others.

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Retail TouchPoints

SEPTEMBER 14, 2023

As Ellen Garbarino and Julie Edell point out in their recent article , asking too much of your customers’ time and energy can lead to a negative experience that, in turn, can affect your ability to convert. In fact, people who interact with the virtual try-on feature at Eyebuydirect have a 35% higher chance of purchasing.

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Retail TouchPoints

JULY 23, 2021

Cities normally clamor to be the recipient of the tourism (and resulting retail) rush, infrastructure enhancements and prestige that come with hosting one of the world’s most high-profile international sporting events, but it’s a fair bet that no city wants to be Tokyo right now. How Much will Spectator-Free Stadiums Stifle Retail Sales?

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Retail TouchPoints

MARCH 8, 2023

Editor’s note: This is the second article in our series on AI in Retail. Read the initial article, on consumer attitudes toward AI, here. AI also will empower brands and retailers to achieve innovation at scale. We are focused on being intentional, purposeful and as creative as possible.

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Retail TouchPoints

MAY 12, 2022

By following a few best practices, small and local retailers can prepare for the metaverse and reap the benefits that come from digital interactive customer engagement. In fact, 75% of Gen Z shoppers have purchased a digital product within a videogame, and 60% believe retailers and brands should sell their products within the metaverse.

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Steve Dennis

FEBRUARY 10, 2024

In 2018 I started sharing my annual retail predictions. But some—like “physical retail isn’t dead—boring retail is” and my dour outlook on many much hyped disruptor brands (aka “wobbly unicorns”)—have held up pretty darn well. Once in a generation inflation also served to prop up many retailers same-store sales.

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Retail TouchPoints

AUGUST 5, 2020

There is a real-time global awakening in the retail and restaurant sectors today. Retailers and restaurants are acting with urgency to rapidly transform their businesses, from supply chain updating to training their frontline employees and more. Aggressive Response In Asia And Africa. E-Commerce in China spiked up almost 50%.

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365 Retail

JANUARY 4, 2024

Staying ahead of the curve is essential if you want to succeed in retail. In this article, we’ll explore five key strategies that retailers should focus on to keep their businesses thriving. The retailer targets military and first responders by offering them significant discounts.

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Retail TouchPoints

MARCH 31, 2021

Nowhere is that more true than the retail market, which has seen a fundamental shift among consumers in the wake of the pandemic. The question is: are retailers ready to handle it? Technologies for identity management, authentication, APIs and application integration are helping retail businesses navigate this mode of operations.

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Retail TouchPoints

JANUARY 31, 2023

Almost a quarter of a century ago, a groundbreaking article in Harvard Business Review heralded the dawn of the “fourth stage economy” — one in which the spotlight would be shone directly on consumers’ expectations of immersive brand experiences. Instead, people desired meaningful experiences to create lasting memories.

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