IoT enables data sharing among all the devices in the network, irrespective of their medium of connectivity.
As long as consumers choose a hybrid shopping model, merchandising will keep driving sales.
The rapid rise of retail tech has touched almost every part of shopping; from discovery apps like Yelp to Buy now pay later brands like Klarna and Afterpay.
The crypto industry offers users a spectrum of investment tools: synthetic assets, liquidity pools, index tokens, lending solutions, yield farming, hodling, etc. From among the big list, yield farming stands out the most because it promises the highest returns promised by any project. Coming from the traditional financial environment with low interest rates, beginners and small investors are drawn to the idea of quick gains, requiring just a few clicks to start making profits.
In-store and online retail have always stood in passive opposition to each other, but in the first quarter of 2019 this confrontation took an especially dramatic turn. Multiple mass media outlets published articles with agitated headlines like “It's Official: "Clicks" Have Topped "Bricks" (CBS News) or “Online Shopping Overtakes a Major Part of Retail for the First Time Ever” (CNBC), which proclaimed the final surrender of bricks to clicks.
This article will explain why AliExpress isn’t always the best option, and what other options there are if you think AliExpress isn’t for you.
Retailers are perfectly poised to adapt with ease as we move into a post-pandemic world, having experienced such a necessary yet dizzying acceleration in digital transformations over the past year.
SKU management is the process of creating, organizing, and perfecting an alphanumeric SKU system for the items in your inventory. SKUs give inventory details.
What would be the price of our product or service? This question has bothered businesses forever. Several pricing models have been spawned as a result. But the concept of price optimization is a fairly new one. At least to businesses that are not in the hospitality or airline sector.
With the emergence of online platforms, B2B businesses have had to reconsider their pricing strategies. But, these same technologies help the organizations create dynamic B2B pricing models that bring substantial profits if implemented correctly. For example, an integrated sales and B2B pricing software can help sales reps negotiate with customers and reduce the processing period.
This year’s holiday shopping season will be different due to altered consumer behavior from COVID-19. Some things though will stay the same, like the increased pressure on your customer support team.
AR furniture apps have proved its tremendous impact on business. Have you heard about Houzz AR app used by more than a million users? It made customers 11 times more inclined to buy an item and spend 2.7 more time on navigating it. So how can you create a robust app like this? What problems could you solve with another AR app?
Let’s learn about the business model of Walmart. How did the world's largest retailer provide Everyday Low Prices yet earn $ 572B as revenue for 2022? Read on.
How can fashion brands enter the digital world using AI? Read my new interview with a maker of a highly-innovative technology that makes it a reality.
Are retailers focusing on sustainable options to move excessive inventory?
Find out how you can replace sampling campaigns during the COVID-19 pandemic to be safe and still engage with customers.
Find out the Top 5 Retail Technologies brick and mortar shops should adopt in 2021 and how VR, robots, and other retail tech can help them.
Your customers’ credit score is one of the most important numbers of their financial lives. This three-digit number is the most used credit scoring model by lenders for evaluating a borrower's creditworthiness or the likelihood that they’ll repay the money.
Large retailers use ERP software to make sure their operations are running smoothly. Such tools are designed to address the problems faced by retailers today.
Flexibility in pricing is the key to beating the competition
Robots, AI, and other tech are transforming retail experiences. Find out what technologies best suit your in-store marketing efforts and how you can use them.
The Ukrainian advertising market has been affected by different events for over 30 years. I show cool and stupid Ukrainian ads examples throughout its history
In an age where our daily lives are interconnected to technological advancement, it may be time to consider using a mobile device to make payments while on the go. We live in a world operating on ease and immediate response, so it may be time to convert towards this new, innovative option.
What are the main ERP trends in retail? Feel free to explore this guide to keep up with the best updates to potentially implement them into your business.
Improve your online sales with my comprehensive guide on Conversion Rate Optimization in E-commerce. Learn about website design, UX, A/B testing, sales funnels.
Technology has advanced rapidly when you look at how far we've come in the last decade or two, even when comparing the mobile phones of 2000 versus today. It's changed the world. Something else changing the world is the COVID-19 pandemic. As we get used to our new normal, technology will play a major role. For retailers, technology will be the most important tool in their journey to survive.
Thoughts about retail marketing transformation for the fragmented post-covid market with millions of smaller retailers and re-emerging regional manufacturers.
Join me on a roller coaster ride of lessons learned, winning Noonies 2022nfor Kubernetes, DevOps, Cheeky Genius of the Year, Retail, & spiritual transcendence.
Walmart, one of the largest retailers in the world, is getting ready to create their own NFT (Non-Fungible-Token) collection.
For as long as humanity has existed, so has commerce in the form of sharing, bartering and selling resources. Even before currency in its most rudimentary form has come into existence in Mesopotamia in 3000BC, economies were created through bartering where people would exchange goods/services based on perceived value (Person A would want to sell Item A to Person B who finds Item A valuable in return for Item B which holds more value to Person A than it does to Person B).
AI continues to take over almost every industry ripe with data. Computer vision expands AI’s capabilities, allowing machines to not only process data, but also gather information on their own, which unlocks completely new opportunities for businesses. According to research by ABI, total shipments of computer vision sensors and cameras will reach 16.9 million by 2025.
Anyone with a wet finger in the air will by now have heard of the “retail apocalypse” sweeping through the developed world’s malls. “People aren’t spending in stores anymore”, your quarter-informed uncle complains, before moaning that youths are too busy Instagramming their avocado brunches to burn crosses on people’s lawns. Indeed, the old retailing models aren’t working as well as they used to. The fact that they were terrible models to start with probably had something to do with it.
Amazon, mobile, A.I… there are dozens of new threats, technologies and processes a strategy executive must keep in mind to stay ahead of the curve when faced with skydiving sales.
Can Kanye West help the Gap dig itself out of deep hole?
The holiday season is all about spreading happiness. It is also the season of big sales for retail stores. Retailers have high hopes of ending the year with big profits. But just like many other things, holiday shopping will be different in 2020. And that’s why retailers have to adjust their holiday sales strategy to achieve their year-end goals.
As I detailed in this recent article surrounding Twitter automation to buy cryptocurrency during pumps and in this way-old Hackernoon and Medium discussing how I once toyed with the morality of ethical hacking for profit – it’s obvious that I often have ideas for tech businesses that don’t really get off the ground.
This blog will walk through a detailed example of how to configure and deploy live streaming and personalization into an ecommerce site.
Let’s unravel McDonald’s Business Model and Branding Strategies. Read what makes the world's largest restaurant chain by revenue profitable & recession proof.
A look at how artificial intelligence can be beneficial in the retail sector
Andreas Hassellof, Founder and CEO of Ombori, explores how changing customer behaviors impact retail, and drive retail technology innovation.
Sustainable, cost-effective, and consumer-friendly: digital price tags are entering the fashion industry through shelf-edge technology.
The pandemic (you know the one) has disrupted stores and restaurants in a way no one could have expected at the start of 2020. Health scare, mass unemployment, e-commerce, Amazon competition, ballooning debt… we didn’t start the fire, it was always burning… but now there are ambers everywhere and we’ve got to get to work to save the good china.
Some brands are choosing to go back in time by using a made-to-order business model. Why aren't other brands making the leap?
This article presents a rundown of the industries that have been kicked in the teeth by cybercriminals amid the pandemic.
What is the future of retail in the post-COVID-19 world? The 2021-reality trends show how technology and innovations help retailers face challenges.
If you Google "ignorant retail traders," you'll find mentions on the Financial Times, Seeking Alpha, Wired, Berkshire Money Management, The Street, and even The South China Morning Post.
Data is the crucial information businesses need to remain profitable. AI can bridge the gap between unused data and those profits in the retail sector.
While automation is a very important innovation in dropshipping, a lot of data is involved for an effective transaction and Hackers tamper with that data.
Whether retailers like it or not, the future of retail is here, in the form of smart algorithms. Machine learning will change much of the industry's norms, often for the better. Retail trends point to the store of the future being automated using the latest technology. Brick & Mortar, physical retail... however you like to call it, your favourite real-world store is about to get a whole lot more digital. Whether that's the best idea remains to be seen.
Top retail experts share their knowledge and predictions on the state of in-store marketing in 2021. Check out their views on how COVID-19 affected brick and mo
