By understanding current trends, you can boost customer loyalty, increase sales, and grow profits in 2024.
Retailers’ profits are squeezed by challenging factors like reduced consumer spending, shrinkage and rising operational costs. Retail CIOs can use these trends to identify technology opportunities to improve net profit margin and increase profitability through unified retail commerce execution. Included in ...
The economic outlook for much of the world looks set to be a rocky path over the next year, and retail is among the first industries to feel the bumps in the road.
Top Retail Business and Technology TrendsJohn DavisonMiriam Burt
Technology continues to disrupt and transform the retail landscape. What are the top trends that retailers must know to thrive in the industry? The retail industry is going through an enormous amount of change. Customer behavior is changing, and their expectations are higher than ever. It is imp...
Key e-commerce trends impacting retail Because automation decreases the amount of time your staff spends working on hands-on tasks, it creates room for your customers to experience things their way and at their own pace. Automating tasks such asinventory management, for instance, lets customers kn...
experience, while the top two digital priorities – both online and in-store - are a) targeting and personalisation (33%) and b) social media engagement (29%). Retailers are, the survey notes, optimising for mobile: the digital future of retail will be built around the ubiquitous mobile ...
It aims to make scheduling easy and quick, supports messaging, task management, and more.Best for: Sling has particular experience with large hospitality and food businesses.Pros: Offers visual templates for fast scheduling and easy internal communication via the app-style messaging feature. Also ...
Read the Top 7 Trends Every CEO Should Know About the Future of Retail report to understand the key issues that retailers will be focusing on in the coming year, including: Building authentic brands—Delivering on Millennial and Gen Z customer preferences for authenticity, values, and engagement....
Top 5 retail trends to watch for in 2024 Explore the top retail trends of 2023, including meeting shoppers where they are, the rise of phygital, and hyper-personalization. By Erin Hueffner, Staff Writer, Retail Industry Last updated January 22, 2024 The retail industry is constantly evolvin...