Email:   Company Type:   

Strategies to Optimize Every Customer Interaction

Strategies to Optimize Every Customer Interaction

Search

Loading

Follow Us

New on TouchPoints TV

Jill Campbell, Oracle Retail

Banner
Banner
Executive ViewPoints
 
Executive ViewPoints allows retail thought leaders to share insights on industry trends and strategies, through bylined articles, which include a brief author bio, headshot and company link. Viewpoints articles are designed to provide retailers key strategies, recommendations and takeaways to help optimize the customer experience and improve overall business processes.


Will Showrooming Hinder 2013 Holiday Sales?
Written by Marcia Crosland, Ph.D., Director, Customer Experience Consulting Group, NCR Corporation   
Tuesday, 30 April 2013 08:40


EVP4-30With Showrooming, a consumer visits a brick-and-mortar store to research a product first-hand. But what happens next stops the sale in its tracks. Empowered by mobile information, the consumer finds a better deal from a competitor and strolls away — not a penny spent at your store.

If you’re a retailer with a brick-and-mortar store, you can bet Showrooming will impact your revenue. But just how concerned should you be?

In a January 2012 Pew Internet & American Life Project report, The rise of in-store mobile commerce, by Aaron Smith, store shopping behavior was observed around the 2011 winter holiday season. The findings show that over half of U.S. cell phone owners used their phones while in the store to seek help with purchasing decisions: 25% to gather price comparisons; 24% to look up online reviews; and 38% to call a friend for advice. In addition, 19% of those who searched for a better price via phone eventually bought the product online. That’s a sizeable hole in the brick-and-mortar store’s revenue.

Read more...
 
Integrating Service Design Into Retail Environments
Written by Florian Vollmer, Senior VP, Design, InReality   
Tuesday, 30 April 2013 08:14


FlorianDigital devices are making our lives easier by the day, almost to the point that we don’t even notice it anymore. Think about it: when you can’t remember your way around a city, GPS navigation is everywhere; when you want to take a note and learn more about an object, Amazon’s Price Check is available at the push of a button to do it for you. The list goes on and on.

The advancements are making retailers scramble to play catch up as consumer expectations grow. The question is quickly becoming how to plan and prioritize digital investments in this ever-changing and complex new world. By engaging all of the stakeholders — designers, managers, planners and leaders throughout the company — retailers are taking control of the experience as they tie the digital to the analog world. Eliciting an increased level of brand loyalty by constructing a seamless integration within a multi-channel environment isn’t our future; it’s our current reality.

Read more...
 
Consider Interactive Product Tours To Increase SEO And Sales
Written by Jason Arena, VP of Brand Strategy/Marketing for KSC Kreate   
Thursday, 18 April 2013 11:42


EVP418In September of 2012, a study released by research and advisory firm the e-tailing group, concluded that 54% of U.S. consumers who regularly shop on the web, research products online before making a purchase, whether they buy in a store, on the web, via a mobile device, or through a catalog call center.

With Google Catalogs and Facebook Gifts, it’s evident the e-Commerce industry is receiving an influx of industry leaders vying for a spot.  It’s clear that a more dynamic, informative and interactive shopping experience is required long before the shopper walks through the retailer’s front door.  Additionally, today’s mobile shopper is not just looking at your offering…once they find something they like; their ability to find the best price is only a few touches away.

Read more...
 
What Mid-Size Retailers Think About Financing And Investment In 2013
Written by Jim Hogan, Senior Managing Director, GE Capital   
Thursday, 18 April 2013 10:24


GEevpMid-size businesses are powerful, often underappreciated drivers of the U.S. economy. Defined as companies with annual revenues between $10MM and $1B, mid-size businesses account for one-third of private sector Gross Domestic Product and employ about 43 million people in the U.S.

It’s also a sector that might be finally turning a corner, according to a recent survey of industry executives, including leaders at mid-sized retailers. The National Center for the Middle Market (NCMM), a partnership between The Ohio State University’s Fisher College of Business and GE Capital that tracks more than 1,000 Chief Executive Officers and Chief Financial Officers in private and public businesses, found that revenue growth among middle market companies began to pick up by the end of 2012. Mid-sized businesses showed average revenue growth of 7% during the past year, and retailers project revenue increases of 5.2% in the next 12 months, outpacing their peers in all other surveyed industries.

Read more...
 
The Global Spread Of The Micro-Mobile Merchant
Written by Dan Dufault, Executive Vice President, Marketing & Solution Innovation, Merchant Warehouse   
Tuesday, 16 April 2013 07:41


DanMerchantEVPThe growing ubiquity of mobile devices is changing the face of business transactions around the world. Merchants are no longer forced to invest in large, expensive countertop machines in order to accept payments beyond cash. And those who have already invested in POS systems are no longer tied to their countertops. Mobile is leveling the playing field for merchants in countries all over the world, making it possible for businesses large and small, brick-and-mortar or on the go, to accept payments anywhere in any form. New technologies are also forging a strong connection between mobile, web and countertop payment systems, creating value for customers and merchants alike throughout all aspects of the consumer-business relationship. All of this will inevitably have a huge impact on the global economy.

In fact, last year’s March cover story dove into the size of this opportunity. Though there were already 8 million merchants accepting cards in 2012, reporter Marc Abbey pointed out there are also more than 21 million businesses in the U.S. with just one employee. Many of these qualify as "micro-mobile merchants," meaning their businesses are small and lack a fixed location. Farmers selling their goods at market, crafters hawking their wares at fairs and food trucks vending sandwiches from their vehicles all fall into this category.

Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Share:

 

Related Articles