Retail
Omnichannel strategy, e-commerce tech, and in-store innovation.
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Alibaba Stock Rises After Retail Sales Skyrocket
On Wednesday China’s National Bureau of Statistics reported online retail sales in the country reached $205.8 billion for the first two months of 2018, a 37% increase from a year ago, and an acceleration from the 32% growth rate in the same period in 2017. Wall Street firm Jeffries opined that “we believe the strong…
IoT is Poised to Change B2B Forever
Though B2C IoT is facing obstacles, with consumer-facing tech overwhelming potential users that must navigate dozens of apps on any given day. B2B IoT tech is anticipated to move forward much more rapidly and generated $11.1 trillion annually in value in the next decade, according to McKinsey. Analysts say that certain developing companies may leverage…
Watch: Toys R Us finally calls it quits
Toys R Us has begun the process of shuttering many of its 800 stores around the country. While 180 locations are already being liquidated, Toys R Us is searching for a buyer that could keep the lights of 200 stores on. Since filing for bankruptcy protection in September, Toys R Us has been unable to…
Is the Connected Consumer Getting Overloaded?
In a culture in which more than three-quarters of us own a smart phone or smart home device, immediate gratification has become the norm. With technology driving nearly everything we do, the shopping experience has been transformed. With consumers subject to a cacophony of content, how does your brand cut through the noise? Smart indoor…
Malls Need to Assimilate or Face the Consequences
In this age of digital commerce, malls are facing logistics challenges that they must overcome or face an uncertain future. The popularity of malls is declining forseveral reasons. For example, with 25 square feet for every American they are over saturating the population, and they often fail to match the demographics of their location or…
Nordstrom Buys Two Retail Technology Companies
In an effort to personalize customer shopping experience at its stores, Nordstrom (NYSE:JWN) acquired two companies that allow more interaction between store employees and customers, even when the latter are on the web and not in store. Nordstrom’s profits fell in Q4 2017 in large part due to spending on e-commerce tech pending with the…
Listen: Revolutionizing the Customer Retail Experience with Ed King and James Yancey
On today’s podcast, we get to chat with Ed King from Highstreet Collective and James Yancey from Cloudtags. We discuss the radical redefinition of the retailer/customer relationship, the way that this changes the design aspect, and how customer input can now inform the retail experience for both sides of the cash register. For more…
The Top 5 Retail Tech Trends to Watch in 2018
As conventional retail and brick and mortar stores struggle around the world, these five retail tech trends are set to have an impact on business strategies and the retail industry in 2018. Shopping will become even more personalized. Analysts report that more than 90% of organizations are focusing on personalizing their shopping experience for customers,…
Listen: Future of Shopping as an Experience with Nicole Leinbach Reyhle
On today’s podcast, we have a chat with Nicole Leinbach Reyhle from Retail Minded. We discuss the role technology is playing in the revolution in the retail space, the true definition of “omnichannel“, the future of shopping as an experience, and she reveals her perfect retro shopping adventure. (Hint: It’s not Paris.) For more…
E-Commerce Casualty: Chinese Owners Sell Stake in House of Fraser
Just four years after making the initial acquisition, the Chinese owner of Britain’s department chain House of Fraser is reportedly selling its majority stake in the company. Stock exchange filings reveal Nanjing Xinjiekou Department Store Co. will offer its 51% stake to fellow Chinese firm Wuji Wenhua. The UK shopping market has been moving away…
Clean Labels: Revitalizing an Ingredient List With Acacia Gum
It is far from a consensus on what constitutes a “clean label.” Despite the disagreement, food brands must respond to growing consumer demands for cleaner and greener labels. The sales speak for themselves, with the clean label market reaching $62 billion in North America, and $165 billion around the world. In 2016, 35% of new…
Chinese E-Commerce Group Alibaba In Talks with Ele.me
Chinese e-commerce giant Alibaba Group Holding Ltd. is in talks to buy the food delivery platform Ele.me, but a deal has not been reached. “Alibaba has recently contacted all the owners of Rajax and expressed its intention to buy,” Rajax shareholder Hualian said in their statement responding to local media reports of a buyout. “However,…
Albertsons Announces Rite Aid Merger
Boise-based grocery Albertsons announced they will be purchasing the remainder of Rite Aid’s drugstore chain. In efforts to build their online presence and compete with retail giant Amazon, Albertsons is planning to rebrand their in-house pharmacies. “We don’t yet have a store list,” said Chris Wilcox, Vice President of Communications, Public Affairs, and Education for…
Will Battery OEMs be Prepared for the IoT Revolution?
Smart devices and the IoT are poised to take over the tech world. Spending on IoT technologies, apps, and solutions are expected to reach $267 billion by 2020[1] and there will be an estimated 20.4 billion connected devices in circulation, according to research firm Gartner[2]. “Services are dominated by the professional IoT-operational technology category, in…
PLAYTIME to the Rescue: Creating Unforgettable Customer Experiences
Photo Credit: PLAYTIME, LLC Many major retailers and box stores are struggling to meet the challenges of competing with the online giants like Amazon. With the undeniable conveniences offered by these online megastores, how can traditional retailers survive? Retailers need every advantage they can get. Getting creative by crafting unique shopper experiences is perhaps the…
Watch: Amazon to Hit $1 Trillion Market Cap in 2018
Analysts are raising the price target for the web and retail juggernaut, Amazon. With analysts from GBH Insights raising the target from $1,500 to $1,850, Amazon could see a $1 trillion market cap in the next year. The forecast is based on Amazon’s momentum, a “flywheel” effect that is still gaining steam. A combination of…
Watch: Toys R Us shutters 200 stores and dispenses layoffs
Toys R Us is planning to shutter at least another 200 stores and lay off workers and corporate staff alike. The news comes on top of a recent announcement of 170 closures and 4,500 lost jobs. Competition and e-commerce developments from Walmart and Amazon have pushed the former giant to the brink. If the closures…
Listen: Amazon & Target Are In A War Over Apparel
A surprising fact in the world of retail is that Target and Amazon are reportedly in a back to back battle according to a recent study from Coresight Research. After surveying over 1500 participants, they found that shoppers who originally purchased clothing items or footwear on Amazon had most likely previously purchased those same…
Click and Collect Services – The New Norm
The rise of the Internet has caused countless industries to change in incredible ways. For example, in July of 1995, Amazon took the book world by surprise as the first electronic commerce provider of literature. Today, Amazon is the largest internet retailer in the world, and has its eyes on a vast number of non-biblio…
Snapchat and Nike Collaborate for On-Demand Air Jordan Sale
For the first time in the history of the leading social app, Snapchat, users can now purchase products without exiting the app. The first product offer is the fruit of its collaboration with Nike. Now users can buy Nike’s Air Jordan III “Tinker,” commemorating the 30th anniversary of Michael Jordan’s notorious showing at the 1988…
Watch: Walmart’s dip in sales sends Dow plunging
Walmart reported yearly profits that missed the mark by almost 30%, shocking investors and sending shares plummeting. Stocks at the retail giant lost nearly 10% Tuesday morning, dragging the Dow to a 100 point loss. Though Walmart has encroached on the online dominance of Amazon, there’s still work to be done. Recently Walmart dropped the…
A Trillion Dollar eCommerce Battle Rages in China
Two tech giants head-to-head. A trillion dollars’ worth of value between them. That’s the emerging situation in China, where Alibaba Group Holding, Ltd. and Tencent Holdings Ltd. are busy investing in both online and brick-and-mortar retail with such speed that many merchants are being forced to pick sides. Since the beginning of last year, both…
Listen: The Sky Rocketing Demand In Retail Tech
Technology majors are in high demand for the retail field as recruiters or talent seeks are going crazy trying find qualified individuals for Nordstrom, Best Buy, Kroger, and even Home Depot. With so many of these chains moving to a completely autonomous check out process, the demand for technology talent is skyrocketing as retail…
Shopify Shares Dip
Shopify Inc., an ecommerce platform that enables merchants to sell products online, posted their slowest growth since their launch in 2015. Compared to the 90 percent growth in its first year as a public company, the 71% in revenue growth reflects a steady decline since the second quarter of 2016. “In the short and mid-term…
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