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Customer Data
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With reports swirling about the uncertain future of the retail industry, retailers are working to stand out in a highly competitive market, deciphering what customers really want from the brands they interact with, and delivering those things in a timely manner. While determining what consumers want may seem daunting to retailers, according to a recentโฆ
With brick-and-mortar retailers struggling from online competition, every point of differentiation helps. Data makes that possible.
In episode 110 of Total Retail Talks, Gannon Hall, chief product officer at Spring, a mobile and online fashion retailer, discusses how the company is using artificial intelligence (AI) to improve its customersโ shopping experiences through more personalized merchandise recommendations. Learn how machine learning is helping Spring convert more visitors to its site and app.
I have expectations of my favorite brands: I expect Nordstrom to have an anniversary sale each year, upon which Iโll build my fall wardrobe; I expect Target to have two or three surprise-and-delight items that will increase my basket size by about $100; and I expect Starbucks to prepare my grande soy green tea latteโฆ
Consumers, financial organizations and retailers alike are still reeling from Equifaxโs announcement of a data breach that may have affected 143 million Americans, as well as other consumers in the UK and Canada. Itโs not the largest data breach โ last year Yahoo admitted to a breach affecting as many as 1.5 billion customers โโฆ
With school season just beginning, back-to-school (BTS) shoppers are making sure everything on their list has been taken care of. The second biggest shopping season after the winter holidays, this is a crucial time for retailers to attract and engage BTS shoppers in a space where competition is rampant. The value of knowing and understandingโฆ
In episode 109 of Total Retail Talks, Adam Kahler, digital director for Spotix, an online retailer for the home, hearth, patio and barbecue industries, discusses how a data partnership platform has helped the company to optimize its online marketing efforts, including driving customer acquisition.
Retailers that want to get the inside scoop this back-to-school (BTS) season can hit the books to get extra credit with shoppers. Our survey of 1,200 parents of K-12 children shows that while total spending remains flat, there are big shifts in consumer trends. Consumers are expected to spend more than double when shopping in-store,โฆ
Retailers are facing a tough combination of several major market forces: accelerated pace of innovation including digitization, increased competition, and more empowered customers. To grow โ and to beat competition โ itโs more important than ever that retailers offer customers the right products, in the right place at the right time. Fortunately, retailers can focusโฆ
For many retailers and marketers, a lack of data isnโt the problem. From customer data to product data to third-party data and more, retailers are collecting information at a never before clip. However, the challenge comes in figuring out what to do with all of that data โ i.e., using it to make better informedโฆ