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In-Store Technology
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I hear two main culprits from senior retail executives when it comes to their companiesโ troubles: getting the merchandising right (i.e., matching supply and demand), and the burgeoning growth of e-commerce. Stores are often left with either too much or not enough inventory โ suffering in either circumstance. While it seems as if itโs rainingโฆ
As the battle between brick-and-mortar retailers and online giants like Amazon.com wages on, retailers are now transitioning to zero inventory and putting excess inventory in an online shop. This strategy, often referred to as an โendless aisle,โ is being used by big-box and specialty retailers alike. Stores are able to reach digital shoppers using onlineโฆ
This week, Amazon.com announced a new device called Echo Look, a โstyle assistantโ camera that helps catalog your outfits and rates your look based on โmachine learning algorithms with advice from fashion specialists.โ Users can prompt the Echo to take full-length photos or short videos of outfits so they can see themselves from angles seldom seenโฆ
Over the last couple of decades, e-commerce has changed the retail game by bringing the "store" to the internet. We have now entered a phase where the next game-changing opportunity for retailers is to bring the "internet" to the store. According to a recent Pew Research Center report, if given a choice, 64 percent ofโฆ
You know the feeling โ your phone is slowly creeping down to 1 percent battery while you're away from an easily accessible power outlet. Your eyes scan the walls of the restaurant or store, trying to find an electrical outlet to plug it into. Thereโs a feeling of relief if you're able to find oneโฆ
Early 2017 has been eye-popping for big retail, with The Limited filing for Chapter 11 and iconic brands like Macyโs and Sears announcing major store closures. However, within these landmark events, we can find an equally important theme: sometimes the biggest failures in life give way to the most important successes. After all, โFailure isโฆ
With reports of store closures dominating the retail headlines in 2017, opening a brick-and-mortar location may seem like a bit of a risky proposition. But YETI, the leading premium cooler and drinkware brand, bucked the trend and opened its first store in Austin, Texas earlier this month. The store is a one-of-a-kind retail environment thatโฆ
Millennials are a powerful demographic for retailers. Today, there are around 80 million millennials in the U.S., representing 25 percent of the population. Accenture estimates that millennial shoppersโ annual spending will reach $1.4 trillion by 2020. Within a few years, millennials will โtruly come into their ownโ in terms of spending power, accounting for 30โฆ
Millennials are a powerful demographic for retailers. Today, there are around 80 million millennials in the U.S., representing 25 percent of the population. Accenture estimates that millennial shoppersโ annual spending will reach $1.4 trillion by 2020. Within a few years, millennials will โtruly come into their ownโ in terms of spending power, accounting for 30 [โฆ]
Tune in to learn how to use digital experiences to capture the interest, loyalty and dollars of Generation Z and millennial consumers.