Online consumerism has dramatically increased over the last few years. As major brick-and-mortar stores close due to online retail growth, the need to provide more personalized online experiences is even more imperative. Shoppers have become increasingly tech savvy and reliant upon their digital devices, and they seek efficiency, independence and personalization when determining from which site they make their final purchases. While users are not interested in dealing with in-store sales associates, a good portion of “shoppers like a personal touch that reflects their history with a brand … and want product recommendations based on past purchases.”
Half of US households have an Amazon Prime membership and have come to expect free, two day shipping. So now eCommerce executives are challenged to develop delivery strategies to compete with Amazon’s delivery capabilities in order to retain their best customers; and do it without losing money.
Today’s ‘anytime, anywhere’ shoppers have big expectations for retailers, and they had better keep up or be prepared to lose a sale, or even a customer for life. This demand for service has created an urgency which retailers must meet, and it begins with the supply chain.
Total Retail surveyed its retail executive audience to understand current and future retail technology trends and buying behaviors. The results show that while innovative retail technologies such as augmented and virtual reality, chatbots (i.e., artificial intelligence), and drones get a lot of media attention for how they’re going to disrupt the industry — it’s more basic solutions like marketing automation software, video and mobile websites that currently have retailers’ attention.
Under new leadership, the Charlotte Russe facilities management team initiated a project to identify ways to further expand the usage of the ServiceChannel platform the company had deployed years ago. Previous to this project, the company had been using ServiceChannel primarily as a work order management platform.
Starting a business can be hard. Growing your business can be even harder. Whether it’s poor customer data, manual and broken processes, minimal operations visibility to make decisions, building a winning team, or keeping up with changing regulations, there is always something getting in the way of growth. These barriers hurt sales, cost money and create risk.
The current media reporting on the state of retail stores paints a doom and gloom picture. Almost every day there are headlines of bankruptcy filings and store closures suggesting that the retail apocalypse is here. It’s clear that the retail industry is going through a transformational period that has many scaling back physical operations, but despite the news, people still want to—and still do—shop in stores.
Inventory management using fixed RFID readers provides accurate, real-time inventory data, which benefits retailers in terms of revenue and gross profit uplift, shrinkage and more. This is why many retailers are implementing an item-level tagging RFID solution for inventory tracking.
Take your business to the next level with March Networks Searchlight for Retail. Integrating high-quality surveillance video with point-of-sale (POS) transaction data and highly-accurate analytics, Searchlight delivers powerful insights into key areas of your business.
Retalon’s approach to Predictive Analytics for Retailers is truly integrated which significantly increases accuracy and results.
The Right Product at the Right Store at the Right Time.