Determining exactly when to have a sale, how long it should last, and how much to discount are recurring challenges for every retailer. One way to gain the upper hand is to have easy access to data-backed insights on your competitors’ promotional tactics at your fingertips. Such insights can reveal how your promotional calendar compares to others’, how discounting affects traffic, and how your promotions benchmark against competitors’.
We’re excited for Bob Phibbs — the acclaimed speaker, writer, and CEO of the Retail Doctor, a New York-based retail consultancy — to be in Chicago later this week, where he will deliver the keynote speech at this year’s Retail Summit.
Representing the largest and most diverse generation in U.S. history, Millennials possess $200B, collectively, in annual spending power. Yet, attracting and retaining the attention of the Millennial shopper remains a challenge for many retailers.
DeepMind – an artificial intelligence (AI) company that Google acquired in 2014 – recently garnered headlines with its groundbreaking AI achievement. DeepMind succeeded in creating a machine learning program, called AlphaGo, that recently crushed one of the one of the world’s top players, Lee Sedol, at an ancient strategic board game called “Go.”
Savvy retailers know that an engaged workforce is key to driving customer satisfaction, operational performance, and ultimately, business success. In a recent examination of human capital trends, 85 percent of executives identified employee engagement as an important or very important priority for their organizations. But according to Gallup, only 26 percent of retail employees worldwide are engaged in their jobs.
Innovative Retail Technologies caught up with Douglas Wong, vertical software applications product manager at March Networks, a global provider of intelligent IP video solutions, to identify the key considerations when using video for operations auditing purposes...
Retailers face daunting and complex challenges with regard to their omni-channel supply chains. There are countless reasons why retailers can’t go it alone. Greg Holder, CEO and co-founder of Compliance Networks, provides detailed solutions, including a Vendor Compliance Optimization (VCO) program, that can help retailers leverage the benefits of supply chain visibility.
In-app advertising stymies retailers, as they may not have a strong mobile strategy in place. Jason Rothman, general manager, mobile and social, at Steelhouse Media, answers Innovative Retail Technologies’ questions about the benefits of — as well as retailers’ options around — in-app advertising.
Innovative Retail Technologies caught up with Hedgie Bartol, business development manager for retail at Axis Communications, about Security-as-a-Service and whether it is beneficial to retailers of all sizes. Bartol addresses cloud-based security and how secure it really is.
Retail is changing at such a rapid pace it’s hard to imagine what the future may hold. As a retailer, you not only are challenged to offer the products your customers want today, but to do so profitably while providing optimal customer service and staying one step ahead of your competitors — remaining agile enough to address whatever lies ahead.
|
|
|
|
|
|
|
|
|
