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Retail Trends

A multi-ethnic group of young adults are sitting in a public area outside. One woman is looking at her smartphone, and is getting ready to take a selfie of the group.
Retail Trends

Born between 1996 and 2006, the tech-savvy Generation Z makes up a third of the global population and already has considerable spending power, which will only grow stronger. Gen Z consumers are at a key point in developing their brand loyalties, so retailers who reach them now can attract customers who

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Joy of buying Christmas gifts
Retail Trends

For some retail sectors these two months represent up to 30 percent of their annual revenue, making it essential that they leverage omnichannel capabilities to maximize their profitability during this time. The National Retail Federation expects holiday spending in November and December to grow at least 4.3%, exceeding  a total of $717

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Retail Trends

Loyalty programs are not new and many large retailers are looking to take loyalty schemes to the next level, and go beyond simply offering rewards. Nordstrom, for example, has recently revamped its loyalty scheme to offer personalized shopping experiences and exclusive access to products and events. But according to a recent study

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Retail Trends

As long as consumers continue to visit physical stores, retailers will continue to invest in them. A recent report from research firm Altitude Group sets out to understand how leading retailers are trying to respond to digital disruption using innovation and the challenges that creates. The shopping habits and  behaviors of

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Retail Trends

In today’s omnichannel era, understanding what customers value from various  channels and how that influences the prices they are willing to pay has become a key challenge, according to  a recent article from McKinsey & Company. Pricing strategies used to  be easy to devise, uncomplicated to implement, and relatively successful.

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Ensure your in-store technology works effectively
Retail Trends

What makes customers want to visit your stores? A compelling product range? Competitive prices? Superior customer service? All these things are important, of course, but in today’s digital era, many customers expect retailers to be using the latest technologies to enhance the in-store experience. Stores that have invested in in-store

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How relevant is store traffic in omichannel era?
Retail Trends

As more retail sales shift online, many retailers are experiencing a slow but steady year-on-year decline in footfall and sales in their stores.   Nevertheless, the physical store continues to play a central albeit changing role in the strategy of most retailers.  So how should retailers now judge the performance of

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Furniture & DecorindustriesRetail Trends

But how will it look in my home? It’s a question heard every day by sales associates in a furniture or home décor store. Thanks to Augmented Reality, they may be able to help give customers a much better idea of how a new sofa or lamp will look in

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Back to school and happy time! Apple, pile of books and backpack on the desk at the elementary school.
ElectronicsFashionFurniture & DecorRetail Trends

A new survey by Monetate found that when it comes to Back-to-School shopping, brick-and-mortar stores continue to thrive and that certain product categories are far more likely to be bought in a store than online. The results suggest that retailer deciding which technology to invest in should prioritize those that ultimately

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The World's Largest Store
FashionindustriesRetail Trends

How do we compete with Amazon? It’s a question that every retailer must ask as they anxiously watch the aggressive moves of Amazon into so many markets, including product categories that once seemed better suited to brick-and-mortar stores.  Take fashion, for example. Amazon’s increasingly confident push into own-brand fashion has

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