Retail TouchPoints

NOVEMBER 14, 2022

This sharp increase is attributed to surging demand for AI-powered retail solutions as the industry continues to undergo digital transformation. Competitive pricing. Competitive pricing is a key strategy to build customer loyalty and increase sales. billion in 2021 to $31.18 billion in 2028. Customer support.

Customer Loyalty 356

Customer Loyalty Operations Improvements Customer Experience 356

Wiser

MAY 6, 2024

Although price intelligence is important, the true foundation of retail success lies in effectively curating a product assortment. Wiser’s extensive data collection provides crucial insights not only into pricing but more critically into product assortment.

Shipping Costs 78

Shipping Costs Retail Shipping Customer Loyalty 78

Retail TouchPoints

SEPTEMBER 1, 2023

year over year, Dollar General CEO Jeff Owen revealed that the company was “not satisfied” with overall financial results for its Q2, which ended August 3, 2023. Dollar General reported a net sales increase of 3.9% billion, largely driven by positive sales contributions from new stores. These sales helped offset a 0.1%

Operations 263

Operations Apparel Supplies Improvements 263

Retail TouchPoints

MARCH 7, 2023

While both chains are focused on value, Ross puts an emphasis on off-price apparel and home fashion, while dd’s Discounts’ assortment competes with department stores through a selection of in-season name brand apparel, accessories and footwear. ” Ross’ comparable store sales fell 4% year-over-year in Q4 2022, which ended Jan.

Department Stores 264

Department Stores Apparel Accessories Fashion 264

Retail TouchPoints

MARCH 1, 2023

REI also has updated supplier rules regarding pricing equity and inclusivity issues, saying the retailer “expects that all wearable products offered in a variety of sizes maintain the same price within a style regardless of size.”

Outdoor 278

Outdoor Recommendation Retail Consumer 278

Retail TouchPoints

JANUARY 6, 2023

Today, people associate various things with the metaverse, but in most cases these include such attributes as viral, blockchain, VR, digital, etc. For retailers and brands, the introduction of the metaverse means yet another sales and communication channel with the consumers. What About Pricing in the Metaverse?

Games 317

Games Cryptocurrencies Clothing Channel 317

Groove

JULY 21, 2020

In this blog, we're breaking down Klaviyo pricing to help you determine how much this highly targeted and personalized marketing tool will cost you. Klaviyo Pricing: Estimating Cost. Each have their own pricing system, so we're breaking down all options to help you determine what you're paying for. Email Costs. Conclusion.

eCommerce 370

eCommerce Merchant Services eCommerce Marketing Customer Loyalty 370

Retail TouchPoints

DECEMBER 16, 2022

Retail sales fell 0.6% The decline occurred despite muted inflation of just 0.1% , according to the Bureau of Labor Statistics’ Consumer Price Index (CPI). increase in sales, while health and personal care stores saw a 0.7% Overall online sales fell 0.9%. Digital sales are expected to hit $1.3 to return fraud.

Food and Beverages 290

Food and Beverages Home Furnishings Department Stores Retail 290

Retail TouchPoints

DECEMBER 2, 2021

The off-price retailer announced plans for 1,050 new store openings, 1,750 store remodels and 100 store relocations; the launch of 1,000 pOpshelf locations by fiscal 2025; and the company’s entrance into Mexico with 10 stores in fiscal 2022. net sales increase for the quarter, reaching $8.5 Same-store sales decreased 0.6%

Operations 302

Operations Consumer Retail Marketing 302

Store Growers

FEBRUARY 25, 2023

Last Updated on March 16, 2023 When it comes to selling products online, the price is one of the most critical elements that can make or break a sale. That’s why it’s crucial to ensure that your product feed includes accurate and up-to-date pricing information. What Is the Price Attribute in the Product Feed?

Shipping Costs 91

Shipping Costs Merchant Services Food and Beverages Shipping 91

Store Growers

FEBRUARY 25, 2023

Last Updated on February 25, 2023 When it comes to selling products online, the price is one of the most critical elements that can make or break a sale. That’s why it’s crucial to ensure that your product feed includes accurate and up-to-date pricing information. What Is the Price Attribute in the Product Feed?

Shipping Costs 91

Shipping Costs Merchant Services Food and Beverages Shipping 91

Retail TouchPoints

AUGUST 18, 2021

Grocery was a particularly bright spot for the company, with comparable sales up 6.1% Walmart’s ecommerce sales were up 103% from Q2 2019. Sam’s Club comparable sales increased 7.7% , while ecommerce sales grew 27% YoY. Target’s comparable sales grew 8.9% Walmart Posts Solid Ecommerce Growth. compared to Q.

Omnichannel 290

Omnichannel Fulfillment Operations eCommerce 290

Retail TouchPoints

JANUARY 14, 2022

Most experts expected holiday 2021 to be a digital success, and the season didn’t disappoint: global sales hit $1.14 sales reached $257 billion , up from $236 billion , according to data from Salesforce. Shoppers started early, with 30% of global holiday sales completed by Nov. trillion , up from $1.1 18 and Dec. 18-31 window.

Omnichannel 305

Omnichannel Fulfillment Shipping Costs Social Media 305

Retail TouchPoints

OCTOBER 11, 2022

online holiday sales to hit $209.7 In 2022, the impact of economic uncertainty, particularly in rising prices of non-discretionary expenditures like gas, food and housing, will rein in consumer spending. Black Friday is expected to generate 1% growth to reach $9 billion , while Thanksgiving sales will fall by $1 billion to $5.1

Electronics 300

Electronics Apparel Toys Consumer 300

Retail TouchPoints

JANUARY 5, 2023

Although there are signs that inflation is easing, higher prices and an uncertain economy continue to impact consumer behavior. Although many customers are “brand loyal,” given the economic environment, stressed consumers nowadays will most often make retailer and product choices with price as the main factor. Today’s Consumer Mindset.

Shipping Costs 290

Shipping Costs Merchant Services Channel Consumer 290

Retail TouchPoints

FEBRUARY 28, 2024

Winning toy of the year in Germany and the UK in 1979, LEGO Space helped drive a 50% increase in sales for LEGO that year. Here are just a few examples: Marketing Attribution model: This model helps in determining which marketing channels and campaigns are driving the most traffic and revenue.

Toys 253

Toys Supplies Improvements Marketing 253

Retail TouchPoints

SEPTEMBER 28, 2020

The service adds a visual touch to a generally text-heavy search experience, enables you to show up multiple times in Google SERPs (search engine results pages) and can generally help bolster sales. So include as many relevant attributes as possible, such as the color, size, weight and material. of all clicks.

Merchant Services 232

Merchant Services Shipping Costs Accessories Outdoor 232

Retail TouchPoints

MAY 11, 2023

The loss of margin was attributed to a decrease in average selling price driven by promotional activity, a higher mix of third-party sales and an estimated $1.2 The former DTC darling had a disappointing Q1 2023 in which net revenue dropped 13.4% year-over-year to $54.4 million , creating a net loss of $35.2

Omnichannel 284

Omnichannel Channel Operations Improvements 284

Retail TouchPoints

MARCH 26, 2024

With its ability to provide insights into past and current customer buying behaviors, first-party data empowers precise targeting, accurate measurement and intelligent attribution. For instance, imagine you’re a luxury off-price retailer aiming to attract shoppers through a compelling new video ad campaign.

Retail 262

Retail Apparel Consumer Clothing 262

Retail TouchPoints

FEBRUARY 1, 2024

Even though inflation has been easing in recent months, a majority ( 70% ) of retail CFOs say they plan to raise prices in 2024 — although 60% said the price hikes would be slight rather than significant, according to the 2024 Retail CFO Outlook Survey from consulting firm BDO. Can Retailers Win a Pricing ‘Game of Chicken’? “We

Games 217

Games Retail Definition Management 217

Fabric

FEBRUARY 9, 2024

Markdowns and sales are often used to offload slow-moving inventory, but they can also impact retail margins and profitability. Inventory management systems , dropshipping , and pricing and promotions engines go a long way in achieving greater visibility and control over inventory systems. Monitor key performance indicators (KPIs).

Improvements 130

Improvements Shipping Costs eCommerce Fulfillment 130

Retail TouchPoints

MARCH 13, 2024

Despite Tightening Wallets, Select Brands Flourish As spend growth softened in the second half of 2023 across discretionary categories and companies geared toward more price-conscious consumers flourished, opportunities presented themselves for brands that kept an open mind. How do my brand’s sales compare across geographies vs. competition?

Multi-channel 263

Multi-channel Payment Services Consumer Automotive 263

Retail TouchPoints

AUGUST 1, 2023

While brick-and-mortar stores continue to command 80% of global sales, a significant portion of retail CEOs are investing heavily in enhancing online shopping experiences. Simply reviewing historical and present sales data won’t cut it. This downturn persisted even as ecommerce evolved into a mobile-first business over the decade.

Retail 246

Retail Shipping Costs eCommerce Consumer 246

Store Growers

MARCH 14, 2023

That’s why in this article, we’re going to dive into the nitty-gritty of the link attribute, the landing page in your product feed. What Is the Link Attribute in the Product Feed? What Is the Link Attribute in the Product Feed? The link attribute allows you to provide a URL of the landing page for a specific product.

Mobile 91

Mobile eCommerce Platforms Reference Other 91

Store Growers

FEBRUARY 23, 2023

One such method is strategically configuring the product description attribute. In this piece, we discuss the product description attribute in Shopping feeds – what it is, how it affects the performance of your product ads, and Google’s formatting requirements for this attribute. Is the Description Attribute Required?

Merchant Services 91

Merchant Services Shipping Costs Beauty and Health Consumer Electronics 91

Retail TouchPoints

MARCH 10, 2021

The global pandemic created by COVID-19 has accelerated the maturation of ecommerce businesses and has led to an increase in online sales. In this scenario, ecommerce businesses must be able to adapt quickly to changes in the market, offer competitive prices and keep up with new trends. Dynamic Pricing Strategies.

Payment Services 279

Payment Services eCommerce Cryptocurrencies Digital Currency 279

Retail TouchPoints

AUGUST 10, 2023

From generating product descriptions and dynamic pricing to improving data quality and automating redundant tasks, AI has been monikered as the magical fix-it-all technology that promises to slash time-to-market, quadruple employee productivity and deliver larger-than-life customer experiences. And all that’s just for one use case of AI.

Shipping Costs 246

Shipping Costs eCommerce Customer Experience Recommendation 246

Groove

MAY 19, 2023

Using Google Merchant Center, you can upload detailed information about your shoes, including titles, descriptions, prices, and images. Consider an online clothing retailer: customers can compare different brands' styles, colors, and prices at a glance, without having to navigate multiple websites.

Merchant Services 370

Merchant Services eCommerce Shipping Costs Information 370

Store Growers

MARCH 28, 2023

Last Updated on March 29, 2023 Some attributes for Google Shopping feeds serve to make accounting and conversion reporting easier. We’ll cover the cost of goods sold attribute: what it measures, how merchants can benefit from it, how to format entries for it, and how to solve potential feed issues.

eCommerce Platforms 91

eCommerce Platforms Reference Article eCommerce 91

Retail TouchPoints

MAY 29, 2020

sales increase for Q1 2020, largely fueled by a 66.1% jump in e-Commerce sales. Nordstrom, like many other department stores, had a much weaker quarter: overall sales fell 40% , with full-price locations dropping 36% and the off-price division declining 45%. Costco posted a 7.3%

eCommerce 161

eCommerce Department Stores Retail Apparel 161

Store Growers

MAY 26, 2023

Last Updated on May 26, 2023 Availability and price are possibly the two most important product attributes for closing a sale in ecommerce. In this piece, we cover “availability” product attribute basics: what it is, which are supported values for availability, and their accepted format. Let’s dive straight into it.

Fulfillment 91

Fulfillment eCommerce Platforms Other eCommerce 91

Retail TouchPoints

MAY 26, 2022

Inflation can certainly reduce demand as prices rise, but it also can encourage consumers to buy now before prices go up even higher. How are the supply chain challenges we’ve been seeing contributing to rising prices? RTP: In addition to continued high demand, what else is sparking higher prices? trillion ).

Supplies 289

Supplies Shipping Costs Consumer Definition 289

RetailWire

SEPTEMBER 16, 2022

The Mexican company reported double-digit sales growth in the second quarter, which it attributed to its inventory management expertise, solid merchandising and higher prices. Liverpool, the high-end department store chain, has acquired a 9.9 percent stake in Nordstrom. ”

Department Stores 98

Department Stores Management Retail Article 98

Retail TouchPoints

DECEMBER 1, 2022

decrease in food sales. If you have on and offline sales channels, don’t rely on digital metrics alone. For a big food retailer such as Sainsbury’s, where the majority of sales are in-store, you might market to people who buy online, but what about the people who are walking into a shop and picking things up off the shelves?

Document 304

Document Marketing Channel Retail 304

Retail TouchPoints

JANUARY 13, 2023

Visual AI can also be leveraged to boost text search, enrich product data with detailed attributes and drive inventory efficiency to improve your business metrics. Visual AI makes this possible by analyzing trends from product attributes and unlocking sharper insights into consumer behavior. In the U.S.,

Shipping Costs 288

Shipping Costs Retail Recommendation Consumer 288

Kissmetrics

SEPTEMBER 2, 2020

Of course, this depends on the industry — but a 250% price increase is nothing to ignore. When creating a new feed, don’t forget to set up all of your product attributes. You can organize based on various attributes you’ve given to each product. You can upload any new catalogs to your Microsoft Merchant Center.

eCommerce 311

eCommerce Merchant Services Shopify Events 311

365 Retail

FEBRUARY 16, 2024

In January 2024, the UK retail sector witnessed a notable recovery, as sales volumes increased by 3.4% This marked the largest monthly rise since April 2021, effectively restoring sales volumes to the levels observed in November 2023. In terms of sales values, consumers spent 3.9% Automotive fuel sales also rose by 5.4%

Department Stores 64

Department Stores Automotive Retail Clothing 64