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Industry Insights
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Written by Alicia Fiorletta
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Wednesday, 08 February 2012 11:00 |
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 As retailers pursue cutting-edge tools and technologies to improve customer engagement and boost purchases, analysts are focused on how social media and mobile payment help meet those goals. Best-in-class retailers have implemented successful mPOS and rolled out Facebook storefronts, but these areas will be top struggles for many merchants, according to predictions from Gartner. In fact, Gartner predicts that through 2015, 80% of multichannel implementations will fail.
In the report titled “Predicts 2012: Retailers Turn to Personalized Offers Through Mobile and Social but Will Struggle With Multichannel Execution,” analysts in Gartner’s Retail Industry Advisory Services share detailed insight on top retail trends. John Davison, Managing VP and Research Director, Retail, and Mim Burt, Research Director, indicate that multichannel efforts will fail due to gaping silos and channel-centric strategies. As shoppers continue to implement cross-channel browsing and buying behaviors, decreased loyalty will be an amplified risk.
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Industry Insights
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Written by Retail TouchPoints
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Tuesday, 07 February 2012 12:37 |
The Javits Center in New York City was buzzing with activity during this year’s National Retail Federation (NRF) BIG Show. A record 25,500 visitors attended in-depth sessions and spent time on the EXPO floor, a 12% increase from 2011, according to an NRF announcement. More than 5,000 executives from international retail companies also attended the conference, a 25% boost over last year.
Retail TouchPoints was in the trenches of NRF 2012, conducting video interviews with more than 35 retail executives, including retailers and solution providers. Key topics of discussion were top trends for 2012, the new era of customer engagement, the importance of implementing mobile and social media, and more. In an event follow-up article, the RTP editors shared their impressions and in-depth insight on the show, as well as retail hot topics. Click here to access recent coverage of the event’s top themes and sessions.
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Retail DataPoints Of The Week
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Tuesday, 07 February 2012 12:18 |
As retailers continue to search for new ways to engage with consumers, many have turned to social networking sites as their source of engagement. The latest social buzz, Pinterest, a virtual bulletin board that allows users to share interesting images and links, has driven more traffic to its web site than Google+. This infographic highlights the correlation between Pinterest and traffic referrals to retail web sites, and tips for using the web site.

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Executive ViewPoints
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Written by Cindy Kim, Director Marketing and Social Media, JDA Software
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Monday, 06 February 2012 16:10 |
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Think about the last major purchase you made. How did you make the decision? Consumer Reports or reading reviews online? Trusting a company’s advertising or asking your network for recommendations?
The way people shop for products has changed. According to Mike Volpe (@mvolpe) of Hubspot, it’s because the way consumers communicate has changed. People spend more time on social media than email. There are 200 million people on the “Do Not Call” list in the U.S., and 86% of people use a DVR to skip over advertisements.
Volpe says the era of paying for advertising to drive sales is out, and the era of using inbound marketing to engage and attract sales is in. While today’s consumers are ushering in a new era of shopping, retailers must take notice of what Scott Welty (@scottweltyjda) of JDA Software calls Generation C: In a recent article, “Making the Sale When the Path to Purchase Leads to Your Door,” Welty explains that retail trends are driven not only by today’s volatile economy, but by the growing influence of tech-savvy consumers known as Gen C, with the “C” standing for “connected, content-centric, communicating, computerized, community-oriented and always clicking.”
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Mobile
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Written by Gary Schwartz, President, Impact Mobile
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Monday, 06 February 2012 15:57 |
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Once again this year, the ol’ Javits Center in New York hosted retail folk from across the country. It seemed as if every vendor was hawking technology solutions to help retailers track product life cycle from factory to sale.
This is a wonderful efficiency goal. Booth after booth showed space-age integration of serialized data from RFID tags, embedded into product tags, containing business information from back end systems. Track a sweater from factory to showroom to purchase and possibly customer return. Allow retailer micro-visibility into order status and inventory.
But some of the vendors are missing the full story. It was as if they ended the story mid-pitch. The industry still is selling First Generation Retail, when the new frontier is Retail 2.0.
Using the new Near Field Communication NFC-enabled phones that are entering the market this year, the shopper can be as active as the merchandising clerk. Using the phone as a personal reader, shoppers can navigate products, allowing stores to clientele and close the cross-channel disconnect that is evading most store executives.
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Solution Spotlight
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Monday, 06 February 2012 15:47 |
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Monetate, a provider of marketing optimization technology, recently launched its Agility Suite, a product suite designed to provide online marketers access to web site agility to keep pace with evolving consumer behavior in omni-channel retail. Installed on an e-Commerce site with a line of code, Monetate’s Agility Suite is delivered to businesses through a cloud-based platform that runs in the browser, and allows marketers to make data-driven changes outside of the IT queue. The Agility Suite offers marketers a digital toolkit focused on harvesting deeper customer engagement, actionable data and more relevant and targeted message delivery.
Launched in January 2012, the Monetate Agility Suite is comprised of five product layers designed to enable marketers to:
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News Briefs
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Monday, 06 February 2012 15:43 |
Brooks Brothers selected a product customization tool from Fluid Inc., to offer its online shoppers custom-tailored shirts and suits. The solution helps Brooks Brothers create a personalized and engaging Internet shopping experience, enabling customers to tailor products on their own time to their own style preferences. “We are excited to partner with Fluid to replicate the high level of service and attention customers experience when ordering made-to-measure shirts and suits in our stores,” said Marko Bon, Brooks Brothers’ User Experience Global Director. Bon shared insights on the partnership and said the challenge will be to leverage the company’s “library of fabric swatches” while not overwhelming the interface. “Our goal with Brooks Brothers is to continue their tradition of providing fine quality shirts and suits with an online solution that will help shoppers to better connect with their brand,” said Isaac Newton, VP of Sales at Fluid, in a press release.
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News Briefs
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Monday, 06 February 2012 15:41 |
Deckers Outdoor has partnered with on-demand e-Commerce provider, Demandware, to power online storefronts of its global brands: Ahnu, Sanuk, Teva, TSUBO and UGG Australia. The footwear manufacturer recognized an immediate increase in customer engagement and conversion upon switching to Demandware, including a 14% increase in conversion on UGGAustralia.com in the first week. Deckers Outdoor previously collaborated with Demandware when it launched e-Commerce and mobile commerce web sites in the U.S., Netherlands, U.K. and Canada. “By leveraging Demandware’s flexible and scalable on-demand platform, Deckers has the ability to increase agility and continuously innovate and expand its operations to stay ahead of the competition and meet consumers’ demands,” said Jamus Driscoll, SVP of Marketing for Demandware, in a press release. Deckers’ E-Commerce VP, John Kalinich, said the company wanted the ability to integrate cross-channel experience for its customers on a global scale. “Demandware stood out among the competition as the right platform to help us to achieve our objectives while improving our online brand experience, increasing organizational agility, and growing domestic and international sales,” he said.
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News Briefs
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Monday, 06 February 2012 15:37 |
Verizon is collaborating with Vantiv, an integrated payments processor company, to offer merchants a solution that will help them conduct business more effectively. The new solution is architected on the Android operating system and offers secure POS payment capabilities and business applications using Verizon's Private Application Store for Business. "Merchants and consumers are seeking greater mobility, control and timely access to data," said Bill Weingart, Chief Product Offer at Vantiv, in a press release. "We've teamed with Verizon to combine our payment and security expertise with Verizon's ability to tailor development of mobile technologies to address those needs." The Vantiv mobile payment solution serves merchants who require mobility, convenience and security. Additionally, the integration addresses many business needs through a value-added suite of applications including accounting, CRM, inventory, payroll and workforce management.
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Shopper Engagement
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Written by Alicia Fiorletta
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Monday, 06 February 2012 09:13 |
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On Feb. 1, 2012, social networking web site Facebook, filed to raise $5 billion in an IPO. The company cited Morgan Stanley as a lead underwriter, and Goldman Sachs and J.P. Morgan in secondary positions. Developed in 2004, Facebook is a recognized leader in the social media space. The company’s co-founder and CEO, Mark Zuckerberg, also has been cited as a constant advocate for social engagement and sharing. In 2010, he was named TIME Magazine’s Person of the Year with the title, “The Connector.”
The promise of instant communication and increased engagement is driving the continual growth of Facebook. In its filing, the social media giant revealed that it experienced a strong surge in year-over-year profit. During 2011, the company made a net profit of $1 billion off of $3.71 billion in revenue; a 65% boost in net income.
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