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Blending IT Departments Can Be Messy In A Retail Merger
Industry Insights
Written by Kim Zimmermann   
Tuesday, 16 April 2013 08:05


red-blue-gearsThe dealmakers who broker mergers — like the one between OfficeMax and Office Depot that is expected to close later this year pending regulatory approval — typically pore over balance sheets, store comps and other financial data. Observers say they also take a look under the hood at the technology infrastructures of each company.

In evaluating a merger prospect, potential buyers are wise to find out how well the IT department is run, which can be a clear indication of a company’s overall health and operational adeptness. Additionally, to complete a successful merger, retailers need to plan for a smooth transition of systems so that business disruption is minimal.

While mergers may be good for stockholders, the IT departments often suffer. “A merger is almost always hugely disruptive to the IT department, even under the best of circumstances,” said Brian Kilcourse, Managing Partner, RSR. “IT departments typically have a big backlog under ordinary conditions, and then things have been put on hold with a merger in the works. There is a lot of scrambling once the merger happens.”

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The Impact Of Customer Service [Infographic]
Retail DataPoints Of The Week
Tuesday, 16 April 2013 09:45


Following a bad shopping experience, some customers will dismiss a brand. In fact, 39% of consumers said they will avoid retailers for two or more years after bad experiences.

Although good experiences are nice to share, consumers are more likely to discuss a bad experience with friends and family: 95% will share their experience with more than five people, while 45% said they share negative experiences through social media.

This infographic, courtesy of Zendesk, highlights "the good, bad and ugly truths" of how consumers are influenced by a retailer's customer service.

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At The Crossroads Of Nature and Nurture, You’ll Find The Thriving Online Marketer
Retail CRM
Written by Sean Cook, CEO, ShopVisible   
Tuesday, 16 April 2013 07:59


SeanCookEVPI am sure that you have been a party to animated debates about Nature vs. Nurture in the context of psychology. But, have you ever considered this phenomenon when it comes to customer behavior and marketing? Nature, as I understand it, is the behavior that occurs without coaching. Nurture equates to behaviors that are learned. As marketers, our work lies in the balance between these two — understanding natural shifts in consumer behavior and shaping behaviors to achieve our end goal: engaging consumers and selling to them.

In today’s ever-changing marketplace, marketers are forced to make note of the evolutions that are happening. For example, customers are shopping on their mobile devices, they are asking one another for product recommendations before buying, and they are looking for deals online in ways that were previously unheard of. The changes we see are the results of consumers adapting to the new tools and online environments available to them. According to a 2011 report from ITU World Telecommunication, 2.3 billion out of approximately 7 billion people on the planet have access to the Internet — what an evolution!

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Seven Keys To Building A Next-Generation Customer Service Platform
Industry Insights
Tuesday, 16 April 2013 09:23


Research_pieceMore consumers are using mobile devices, online communities and social media to initiate customer service requests. This shift in behavior has motivated merchants to support next-generation consumers with improved customer service strategies.

A recent report from Constellation Research conveys the importance of moving from a single-channel service strategy to a cross-channel support operation. The April 2013 report, titled: Customer Service Strategy for a Disruptive World, provides steps for creating closer customer relationships and recommendations for identifying cross-channel service strategy goals.  

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SLYCE Visual-Based Purchasing App Allows Consumers To Snap And Buy
Solution Spotlight
Tuesday, 16 April 2013 07:54


SS_BozeJust as the Shazam music app allows consumers to identify a song through their smartphones, then purchase and/or share that song, SLYCE Commerce technology offers a similar service for products.

Using the SLYCE visual-based purchasing app, consumers can photograph a friend’s shoes, a stranger’s jacket, a bottle of wine, an image from a print ad ― any product at all ― to access reviews, pricing and exclusive discounts. In real time, users can purchase the product within the app, and are provided a choice of delivery options.

The platform incorporates visual catalogs which brands register with SLYCE, along with the retail locations selling those products. After a product image is photographed, brands direct the customer interaction and brand experience: They can direct the sale for immediate purchase, for in-store or e-Commerce sale at the closest outlet or channel partner site, such as Amazon. 

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