What Is Specialty Retail?

iQmetrix

If you’re in retail and you research trends, news, or software solutions online, you might have heard the term “specialty retail” floating around. Specialty Retail

4 Retail Trends Specialty Retailers Need to Know

iQmetrix

In the past few years, there have been a number of new technologies that have surfaced and are leading the charge in retail trends; think artificial intelligence, increased automation, and virtual or augmented reality. Specialty Retail

4 Supply Chain Analytics Capabilities For Specialty Retailers

Supply Chain Management and Analytics for Retailers

represent the radically changed customer base faced by specialty retailers. The post 4 Supply Chain Analytics Capabilities For Specialty Retailers appeared first on Solvoyo. Analytics Retail Supply Chain PlanningI have two millennial sons.

Increasing Revenue from Email: The Definitive Guide for Fashion, Apparel and Specialty Retailers

Sailthru

It produces more ROI for retailers — an estimated 4300%, according to the Data & Marketing Association — than any other. So why wouldn’t retailers prioritize increasing revenue from email? We’ve also included examples of retailers who are doing each one particularly well.

5 Black Friday Strategies You Might Not Have Thought Of

iQmetrix

Retail Marketing Featured Specialty RetailEven though our minds may be in the summer groove, we need to make room for the Black Friday strategies to start forming. When the long lines of customers are waiting patiently at your door, make sure you’re ready to satisfy.

5 Holiday Marketing Ideas for Your Retail Business

iQmetrix

While it may be the middle of summer, retailers are always thinking about their busiest season of the year: the holidays (and no, I'm not talking about any Christmas in July sales your team may be planning). Specialty Retail

Today's the Day: A Retailer's Guide to Holiday Preparedness

iQmetrix

iQmetrix’s resident specialty retail marketing expert, Sive O’Neill, recently posted a blog discussing marketing ideas for the upcoming holiday season. Retail Operations

5 Ways the Right POS Simplifies Repair and Services Workflows

iQmetrix

More and more, specialty retailers offer additional in-store services—like repairs, alterations, or custom tailoring—to differentiate themselves from and offer more value than the competition.

Toys“R”Us: How out-of-stock situations are killing the toy giant

TradeGecko

Running out of stock is one of the worst things that can happen to a major specialty retailer. During the 2015 holiday season, Toys”R”Us experienced this first hand. For a company that has built its reputation on carrying the biggest range of toys and baby products, the prevalence of empty shelves has damaged their brand image. Insights & Analysis Inventory Management

Toys 50

Will Department Stores Be History By 2030?

Retail TouchPoints

Last week, UBS analysts described Nordstrom as a “no-growth retailer,” one that hasn’t been able to fight off pricing perception and a cultural shift in consumer spending. With that said, it’s obvious changes need to be made if these retailers want their remaining stores to matter.

Will Wayfair’s Move Into Brick-And-Mortar Overcome Its Challenges?

Retail TouchPoints

Wayfair is the latest pure play making the move to brick-and-mortar retail , joining the long list of former online-only brands that have opened (or will open) physical stores, including Casper , Warby Parker , UNTUCKit , Adore Me and Allbirds. as well as from big-box retailers like Target.

Viva La Retail: The Retail Renaissance Lives And Dies By The Connected Consumer

Retail TouchPoints

By Derek Peterson, Boingo Wireless A retail renaissance is upon us, driven by a shift in economics, competition and exponential advancement in technology, per a new report from Deloitte. This is a must for the retail renaissance. Derek Peterson Boingo Wireless retail renaissance

Leading department store chooses Bamboo Rose to revamp its backend

Bamboo Rose

Department stores have notoriously long, complex supply chains – take it from a leading specialty retailer with more than 30 brands offered in-store and online. Retail News case study cycle time department store merchandise PLM

The Top 5 E-Commerce Fulfillment Predictions For 2018

Retail TouchPoints

Massive retailers like Walmart or Target? Or highly-focused specialty retailers with a deep knowledge of their customers, supported by advanced analytics?

Will The Best Buy Rebrand Be A Better Look?

Retail TouchPoints

The rebranding comes after the retailer completed a significant turnaround, having bolstered its stock price more than 500% since Dec. The RTP team shares their thoughts on the Best Buy rebranding and whether other retailers should take similar approaches as the industry continues to evolve.

It’s The Business Model Itself That’s Changing: Top Retail Trends

Retail TouchPoints

By Jonathan Marek, APT, a Mastercard company It is no secret that retailers are facing headwinds due to increasing online competition and shifting consumer preferences, among other factors. Based on experience working with leading retailers globally, here are four retail trends to watch.

Retail Data Analytics Case Study: Specialty Clothier Identifies $2.3 Million in Sales Opportunity

Dynamic Action

Retail data analytics case study: One of the oldest apparel clothiers in the US, this specialty retailer has over 300 stores, worldwide distribution, and a strong online presence. Though the retailer could find places where they were spending resources and not getting results, it was difficult for them to identify areas where they weren’t focusing but had the potential for positive results. Case Study Resources data strategy retail case study

Retailers, Reach For The Minimum By 2020

Retail TouchPoints

By Ed King, HighStreet Collective Since we started our consultancy, HighStreet, in mid-2017, it’s become painfully clear that legacy retailers have had a difficult time with their “omnichannel” and in-store innovation efforts. The retail bar has been re-set, and there are new table stakes.

Walmart Online Grocery Prices Edge Closer to Amazon, Intensifying the Grocery Wars

Profitero

Walmart online grocery prices are edging closer to Amazon, with only a slim gap separating prices between the two retailers, according to a new study by global e-commerce analytics firm Profitero. The retailer matched Amazon prices on 53% of all CPG products studied, and 67% in grocery.

Retail reality: It’s death in the middle

Steve Dennis

I first pointed to what I called “retail’s great bifurcation” literally two years ago today. As we emerged from the financial crisis it seemed clear to me that retail brands were faced with the proverbial fork in the road.

The Paper Store wins Retail Innovation Award

Retalon

The Paper Store wins the inaugural Retailer Innovation Award run by IRT. TPS is a highly seasonal, event-driven retailer with many high peaks and low valleys in demand. Matt Pillar wrote a great piece about the retailer in Innovative Retail Technologies.

2018 Trends and Predictions for Digital Marketing

Jumpshot

The online retailer grew its share of market during the 2017 back-to-school season and converted a whopping 60% of all Black Friday and Cyber Monday online sales and all signs point to its continued growth. Prediction 2: Specialty Sites Double Down on Niche Products and Categories. While Amazon will continue to dominate eCommerce in 2018, we predict that specialty retail sites will slow their conversion losses to the e-tailer.

The Paper Store wins Retail Innovation Award

Retalon

The Paper Store wins the inaugural Retailer Innovation Award run by IRT. TPS is a highly seasonal, event-driven retailer with many high peaks and low valleys in demand. Matt Pillar wrote a great piece about the retailer in Innovative Retail Technologies.

The Paper Store wins Retail Innovation Award

Retalon

The Paper Store wins the inaugural Retailer Innovation Award run by IRT. TPS is a highly seasonal, event-driven retailer with many high peaks and low valleys in demand. Matt Pillar wrote a great piece about the retailer in Innovative Retail Technologies.

DXL Group Drives Transformation of its Digital Business with DynamicAction’s Retail Analytics Solution

Dynamic Action

21, 2017— DynamicAction , provider of the most advanced data analytics solution specifically designed for retailers, today announced that Destination XL Group, Inc. DXL), the leading retailer of men’s large and tall apparel, will roll out DynamicAction’s system to unify its data across the digital business and arrive at actionable insights faster. at Tech Talk Stage 4, for Tech Talk Startup Of The Year: Radical Retail Reboot: Actions at The Speed of Amazon.

A baker’s dozen of provocative retail predictions for 2018

Steve Dennis

2017 was one of the most transformative years for the retail industry that I can remember. Physical retail isn’t dead. Boring retail is. By this time next year roughly 90% of all retail will still be done in physical stores, so please can we shut up already about the “retail apocalypse.” What’s happened most recently has everything to do with a long over-due correction of overbuilding and the collapse of irrelevant, unremarkable retail.

Gaining Holistic View of Customer Base Through CRM-Oriented Software

Cegid

However, often retailers find it increasingly challenging to capture data related to customer’s preferences and buying habits across many sales points. In such scenario, retailers need customized and integrated CRM software solutions to manage all customer touch points effectively.

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New Profitero Study Reveals Amazon is Winning the Online Price War – But Walmart is on the Offensive

Profitero

However, Walmart is rapidly closing the gap, with the retailer’s prices found to be only 3% more expensive on average than Amazon across all categories studied. 52,450 Amazon products were monitored and matched across these retailers.

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These 40 Entrepreneurs Swear by These Marketing & Growth Strategies

BigCommerce

We started by attending over 20 retail shows a year to get in front of people. Partnering with retailers like Petco, PetSmart and Pet Food Express has been the most successful. We have distribution in over 90% of pet specialty retail doors now. PPC & organic are a winning combo. John Breaker, President/Founder, BirdieBall. Pay-per-click and organic positioning are the most successful, pure and simple.

Are Retail Executives Ignoring the Facts about Bopis?

OrderDynamics

Are Retail Executives Ignoring The Facts About BOPIS? OrderDynamics just published the Omni-1000 research finding that only 37% of retailers offer BOPIS (buy online pickup in-store) services, also known as click & collect. It directly reviewed over one thousand retail websites.

The Best POS (Point of Sale) Systems for 2019: The Ultimate Guide

Ecommerce Platforms

Retailers worldwide are seemingly excited about the prospects of this revolutionary approach. That’s why, as a matter of fact, 56% of retail businesses take about 2-6 weeks of searching to make a decision. Square Appointments , for example, is a POS system optimized for service retail.

Cloud POS Leader for Omnichannel Retailers

Cegid

Retailers are saying goodbye to the point-of-sale as we know it,” begins Dan Friedman, COO, Cegid North America. This statement is an apt assessment of the ever-changing retail vertical. Retailers are saying goodbye to the point-of-sale as we know it.”.

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Using Customer Lifetime Value (LTV) to Grow Your Business

eCommerceFuel

And, over time, lots of very small retailers who bought whole sale from them. So one of the things I’ve been excited about recently is the emergence of Shopify’s wholesale channel, for instance, to apply those familiar online processes to specialty retail customers.

234 American Business Owners on Starting, Scaling and Staying Inspired

BigCommerce

We do have a retail store in Independence, Virginia and welcome visitors from all over the world. John and his wife, Daisy, grew the business to become internationally known, and opened the first retail store in Hawaii. Don’t believe the 24/7 cable news stations.

Using Customer Lifetime Value (LTV) to Grow Your Business

eCommerceFuel

And, over time, lots of very small retailers who bought whole sale from them. So one of the things I’ve been excited about recently is the emergence of Shopify’s wholesale channel, for instance, to apply those familiar online processes to specialty retail customers.