IRT Magazine And Featured News Content
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The Role Retail Company Corporate Boards Need To Play In ESG Reporting
5/26/2022
Ever since the U.S Securities and Exchange Commission (SEC) proposed rules governing climate-related disclosures from all public companies on March 21, environmental, social, and governance (ESG) reporting has become a necessary part for retail company corporate boards to address, especially in today’s environmentally and socially conscious world.
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Computer Vision Can Enhance The In-Store Experience In 5 Critical Ways
5/26/2022
Over the last decade, traditional retailers have struggled to increase foot traffic and customer interaction in their physical storefronts. The internet and the advent of merchants like Amazon, along with the outbreak of the pandemic, have radically altered the retail scene.
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The Best Way To Achieve Unity Amid M&A
5/26/2022
2021 was a record-breaking year for mergers and acquisitions (M&A). Not only was the quantity of M&As up 24% from 2020, but the value of those deals reached an all-time high of $5.1 trillion, a whopping 57% higher than in 2020 and smashing the previous record of $4.2 trillion set in 2007. Experts say the M&A frenzy in 2021 was fueled by intense demand for technology and data-driven assets and the pent-up deal-making demand from 2020.
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eCommerce Trends From China Are Starting To Set In As Consumer Behaviors Worldwide
5/26/2022
It is no secret that China’s digital sector and economy have gone through rapid growth and innovation. China’s digital economy is thriving, and the country’s development seems to be only going up. With ongoing 5G development and China making breakthroughs in 6G technology, it feels like the rest of the world is just now catching up.
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Computer Vision Helps Brands See More Profit For Second-Hand Retail Markets
5/26/2022
As consumer expectations shift – with increased awareness of corporate impact and responsibility for rising carbon levels – sustainability has become a top priority for retailers. One way for brands to demonstrate that they truly care about reducing their carbon footprint is by creating a second-hand market for their products to reduce waste.
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Audio Out-Of-Home As A Layer Of Retail Media
5/26/2022
It’s true that during the pandemic, many people shifted their shopping habits to purchase more products — including groceries — online. But 84% of shoppers still visit physical stores, and 70% prefer to shop in person, providing brands with the perfect opportunity to capitalize on brick-and-mortar stores.
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Rethinking The Brick-And-Mortar Domain Post-Pandemic With Data
5/18/2022
COVID-19 upped the ante for brands to deliver great digital experiences as customers were forced to transact online. As a result, brick-and-mortar stores faced perhaps their largest reckoning since the 2008 fiscal crisis, with headlines predicting it to be the “death” of in-person retail as shoppers retreated inside their homes and turned to online shopping. Today, we know that while many businesses were hard hit and forced to close their doors – a reported 12,200 U.S. stores in 2020 – those that were fortunate enough to hold onto their physical retail spaces – are now gradually reopening to full capacity.
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Empowering Retail Employees With Enterprise Resource Planning Software
5/18/2022
Teamwork is important, that’s what we hear so often today. It boosts the productivity of the entire company and even makes the employees themselves happier: we are a sociable species, after all. Customers too are much more likely to engage with happy associates than those who are visibly burnt-out.
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5 API Use Cases In Retail
5/9/2022
Retail web application programming interfaces (APIs) can make a world of difference for businesses in several areas. In-store, online and behind the scenes, APIs help retailers offer a better experience for everyone. The features they unlock can even give retailers an edge over competitors and help them better serve their customers.
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Trust, Transparency, And Control – The New Playbook For Building Lasting Customer Relationships
4/20/2022
Innovation in marketing and increased privacy requirements has placed customer understanding, personalization, and trust at the forefront of marketing priorities. Additionally, with a string of massive, high-profile data breaches, including companies such as eBay, Yahoo, Apple, and Facebook, consumer anxiety over the safety of their data is increasing.