Technology

Total Retail's 2020 Retail Technology Report: Inventory Management Software Spending on the Rise
April 2, 2020 at 4:42 pm

Retailers are most likely currently spending on technology that helps them track inventory and fulfill orders across multiple channels, especially as consumers engage with brands across a variety of touchpoints, and often in a single purchase journey. This was a key finding from Total Retailโ€™s 2020 Retail Technology Report, which was produced in conjunction with Orckestraโ€ฆ

Instant Gratification and Shipping Challenges: Supply Chain Woes Turn to Wins With AI
April 2, 2020 at 4:09 pm

While customer demands used to soar to levels once considered impossibly high only during holidays like Black Friday and Valentineโ€™s Day,  today, customer demands rise to these levels on an almost daily basis. These demands can cause a steady stream of turbulence. Retailers like Walmart and Target are pushed to stay competitive year-round with onlineโ€ฆ

Total Retail Releases its 2020 Retail Technology Report
March 26, 2020 at 2:42 pm

In order to keep pace in a hypercompetitive retail environment, as well as meet the increasing demands of fickle and fragmented consumers, retailers and brands are looking to technology for help. This extends to all facets of their businesses, from consumer-facing brick-and-mortar stores and digital properties, to back-end systems and solutions that are powering marketing,โ€ฆ

How the IoT Can Help Retailers Get Ahead
March 25, 2020 at 2:36 pm

From Kmart to Forever 21, numerous retail brands closed locations, laid off employees, and filed for bankruptcy in 2019. While the drivers behind these unfortunate circumstances varied, most resulted from a failure to digitally transform โ€” i.e., an inability to successfully use modern tools to best engage target customers. To avoid similar fates, retailers todayโ€ฆ

Donโ€™t Get Caught on the Wrong Side of the AI Divide
March 23, 2020 at 2:58 pm

A growing chasm is cutting through the retail sector. Amazon.com and other retailers that are embracing artificial intelligence (AI) and omnichannel strategies are on one side. On the other side are businesses that are not investing in new technology and the future. If members of the second group donโ€™t get moving on AI fast, they'llโ€ฆ

How Disruptive Retail Tech Can Meet the Needs of Todayโ€™s Agile Consumers
March 20, 2020 at 12:55 pm

Itโ€™s easy to get lost in a myriad of different technology solutions. But if we donโ€™t connect technology with a real problem weโ€™re looking to solve, we miss the point. Tech specifics tend to change over time as technology matures and customer expectations become clearer. Therefore, brands need to ensure they can meet the needsโ€ฆ

How AI and IoT Will Digitize the Physical World
March 17, 2020 at 2:19 pm

Itโ€™s been well-documented that new technologies โ€” in particular, artificial intelligence (AI) and Internet of Things (IoT) โ€” will change our digital lives, but their uses extend even further than we may realize. By 2023, the worldwide number of IoT-connected devices is predicted to increase to 43 billion, three times more than 2018. With suchโ€ฆ

Social Media Sales at Scale: Best Practices for Digital-First Retailers
March 13, 2020 at 3:35 pm

Consumers today have more choices than ever before when it comes to the items that curate their life, which can often rely on the latest trends or fashion statements. When it comes to keeping up with timely demands, retailers often struggle to keep their shelves stocked with the latest trending item at any given time.โ€ฆ