As retailers like Nike are establishing direct-to-consumer options on Amazon and traditional brick-and-mortar stores like Macy’s are investing in digital strategies both in-store and online, there is an emerging need for retailers to evaluate how to approach their digital initiatives in a way that will truly benefit their bottom line.
Voice ordering is the next frontier for retailers, according to the f Walker Sands’ fourth annual report, “Future of Retail 2017,” which found that one in five consumers (19 percent) said that they have made a voice purchase using Amazon Echo or another digital home assistant, while another third (33 percent) say they plan to do so in the next year.
Innov8: V-commerce seeks applications for technologies that will shape the future of commerce.
Academies aim to train supervisors, managers, and assistant managers nationwide.
Cloud-based inventory management provider Cin7 has announced the integration of its product suite with the Walmart Marketplace. Walmart Marketplace is an invitation-only, professional seller community with more than 110 million unique visitors per month that enables sellers to leverage the power of the world’s largest retailer, with their items appearing on Walmart.com alongside those being sold by Walmart and other marketplace sellers.
A new solution applying eye tracking research to immersive virtual reality environments could have immense possibilities for retailers. Global eye tracking leader Tobii Pro has announced the development of Tobii Pro VR Integration, a new solution that unlocks new research possibilities for retailers, advertisers and marketers.
Maintaining accurate, standardized product data across all channels is a priority, as consumers have learned to expect a seamless retail experience. Sam Copeland, vice president of merchandising operations for Office Depot, Inc., took time to discuss why expanding assortments and the demand for personalization are placing additional emphasis on the need for centralized master data.
The Wall Street Journal reported that Walmart has apparently told its technology vendors that if they want the retail giant’s business, they need to ensure that none of its applications are being run on Amazon Web Services., but to shift them to alternative services like Microsoft’s Azure. This is raising the battle between Amazon and Walmart to new levels, according to Fox Business News.
UPS Announces New Delivery Surcharges For Black Friday and Christmas orders.
While retailers are being proactive in combatting crime, much work remains to be done.
40 percent of consumers say they would consider using VR to purchase household goods.
While Amazon announced its plan for a grocery takeover with the $310 billion acquisition of Whole Foods, Walmart has its sights set more on luxury retail with a $310M acquisition of Bonobos.
Even as the way people shop has changed drastically in recent years, retailers have been applying systematic, incremental changes to old processes and the systems that supported old ways of shopping that are not just adjusting fast enough. A recent study from RSR Research has found that retailers must move faster, spend begrudging amounts on tech and employees, and — at the same time — get out of the Amazon price war.
Amazon is buying Whole Foods in a deal worth roughly $13.7 billion, a move that speaks volumes about the future of the rapidly growing e-grocery market. The move falls in line with Amazon’s recent forays into the grocery industry as well as their ever expanding distribution presence.
As Five Below’s first asset protection department head, Gregg Smith sought to reduce manual processes with a data-driven approach that would positively affect the entire organization.
Retail has always been in the forefront of business intelligence (BI). From the days of on-premises machines to today’s cloud-based solutions, retail has looked for new ways learn about their customers and discover new ways to serve them.
Walmart has announced that it is Beta-testing a new service that leverages its store associates to help with the fulfilment of online orders by delivering items directly to customer homes. As the blog post asserts, “Not only can this cut shipping costs and get packages to their final destinations faster and more efficiently, it creates a special win-win-win for customers, associates, and the business.”
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RILA’s (R)Tech Asset Protection Working Group addresses the major questions facing retail asset protection.
Today’s retail CIO must be equal parts technologist, trusted advisor, and business co-creator.