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Fraud is a significant issue that retailers are actively trying to combat. And it’s only increasing. Research from March 2024 found that 60 percent of e-commerce merchants experienced a rise in overall fraud levels. What’s the reason? Criminals have taken advantage of the rise of e-commerce by combining it with the fundamental digital skills needed…
The retail landscape is undergoing a monumental transformation, driven by rapid advancements in technology and shifting consumer expectations. At the center of this change lies the integration of omnichannel strategies and the explosive influence of social media in driving sales. To stay relevant and thrive, retailers must embrace these shifts and deliver seamless, personalized and…
For retailers aiming to stay ahead, operational excellence is a non-negotiable. From temperature challenges to equipment malfunctions, potential disasters can arise at any moment. The ability to swiftly detect and address them is critical. Easily the difference between preserving inventory and losing sales, it's crucial that retail managers integrate effective process management practices that minimize…
Beyoncé offered some pointed advice for securing something you like: You shoulda put a ring on it. Security teams in the retail commerce sector should take note. If you aren’t putting a ringfence around critical applications, your sensitive data is at risk. Yet many organizations are still using outdated segmentation methods that are no match for…
Imagine two pairs of your favorite sneakers: one purchased from a trusted local store and the other delivered from a popular e-commerce giant. They might look identical, but what if I told you there’s a real chance the second pair could be fake? Last year alone, more than 7 million counterfeit items were seized —…
As online retailers embrace artificial intelligence-powered innovations and new e-commerce tools in pursuit of growth, they’re also opening the door to a rising wave of cyber threats. In Q3 2024 alone, cyber attacks surged 75 percent year-over-year and rose 15 percent from the previous quarter. From new AI-driven attack vectors to identity and supply chain…
It’s true that as technology helps us do things quicker, our patience thins. A 2024 Sauce Labs survey found that 82 percent of respondents thought sites or apps contained too many steps. Added to the challenge, 30 percent of customers who do make it to payment are returning their purchases. A good website presence is…
January is a crucial time for retailers as crowds flock to stores for discounts, demanding not just attractive deals but the shopping experience to match. In this busy period, mobile connectivity becomes the linchpin for both customer satisfaction and operational efficiency. The days when a good deal alone could satisfy customers are long gone. Today’s…
It’s almost that time of year again ... NRF, one of the biggest retail shows, is back for 2025. Retail’s Big Show invites more than 6,200 brands from around the world to the Big Apple to unveil the latest trends and insights the retail sector can expect throughout the year. NRF 2025 is expected to…
Despite the rise of e-commerce, in-store shopping remains a vital part of the retail landscape. An analysis of omnichannel shoppers at Kroger stores shows this cohort still makes 83 percent of their visits in-store. Additionally, approximately 75 percent of omnichannel shoppers claim that they prefer to head to a store to purchase fresh produce, bakery…
Retailers of all sizes, whether small boutique shops or national chains, face numerous challenges when it comes to fulfilling their tax obligations to local governments. While much attention is often given to the financial burden of taxes themselves, the administrative processes involved in paying these taxes can be equally daunting and time consuming for retailers.…
As a lawyer and entrepreneur, I’m fascinated by the legal and business landscape for e-commerce retailers. Amid the opportunities technology continues to open for the industry, legal challenges abound, especially around privacy laws, the lawsuits they spawn, and how retailers can best avoid or prepare for them. The first thing to know is that any…
Artificial intelligence is only as good as the data that trains it. If disparate, unorganized data is input to AI-powered tools, the results may be inaccurate or unusable. Research from Nvidia found that while 64 percent of large retailers (annual revenue exceeding $500 million) are already using AI, 22 percent are currently assessing or piloting…
The holiday season is here, which means consumers are ready to spend. Every dollar spent inevitably leads to more customer service inquiries, whether travel, clothes or gifts. Given that the human attention span has dropped a whopping 25 percent in the past few years, brands must deliver personalized service faster than ever. But is it…
As 2024 draws to a close, it’s time for e-commerce strategists and marketers to think about how e-commerce will likely change in the year ahead. From new ways to use artificial intelligence for customer experience to the acceleration of social commerce, and from hot e-commerce growth markets to strategies for protecting e-commerce brands and customers,…
The holiday shopping season brings more than just increased sales. It also ushers in a wave of sophisticated fraud attempts that can leave retailers vulnerable. Last year's VISA warning about increased scam activity across both card-present (CP) and card-not-present (CNP) transactions was just the beginning. Now, with artificial intelligence making impersonation attacks more convincing and…
With the holiday season well underway, retailers are grappling with rising customer expectations and a constantly evolving data landscape. As a result, many organizations struggle to optimize their seasonal marketing approach. From adapting to the decline of third-party cookies to embracing real-time analytics and artificial intelligence-driven insights, the following strategies illustrate how retailers can maximize…
It’s that time of the year when sales take on new horizons and retailers have the opportunity to capitalize on fresh consumer enthusiasm during the holiday season. The festive period is here, and retailers must prepare and refine their approach to make the most of increased sales opportunities. The holiday period proves itself to be…
As retailers face a troubling increase in theft and violent organized retail crime, many have responded by locking products up. While the intent is understandable — and there's no alternative in some markets or for specific product types — the impact on the customer experience (CX) can arguably result in fewer sales and risk of…
Embedded finance refers to the integration of financial services into non-financial platforms, enabling businesses such as retailers to offer banking, lending, insurance and payment services directly within their existing products. This can improve customer satisfaction, loyalty and open new revenue streams. In fact, one study predicts that embedded finance revenue will increase 148 percent from…