Articles by tag: retail
As retail evolves, so do many of the business models and strategies that are crucial to its success. Direct-to-consumer, or D2C, is the model that ensures that retailers sell and distribute their products directly to consumers. This allows them to avoid any other parties in the process. As a result, many brands are also shifting […]
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Retailers are Improving Customer Retention with Location-Based Personalized Shopping. They Still Need Better Indoor GPS.
Retaining an existing customer is supposed to be a whole lot cheaper than attracting a new one. According to research, even a 5% rise in customer retention rates can boost profits drastically. But with shoppers constantly moving from store to store, this is easier said than done. One way sellers can attract customers is […]
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Can Loss Prevention Software Meet the Ever-Changing Challenges?
The ISCPO 2023 Conference provides the opportunity for Think LP to stay current on the challenges faced by logistics and retailers in the loss prevention realm. The goal of Think LP is to continue upgrading and evolving its software to meet the ever-changing needs of its customers. Think LP is an intelligent loss prevention software […]
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Digital Experiences, Product Differentiation, and Wearables Drive Consumer Luxury Spending
According to the 2023 PWC Global Consumer Insights Pulse Survey, 63% of consumers are holding back on non-essential spending. According to a Criteo survey, despite consumers general reluctance to spend, luxury spending is on the rise. The survey found that 70% of high-income shoppers are spending the same or more on luxury goods while […]
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Why Consumers are Increasing Luxury Spending
What better time to run a quick spending spree than right after the fall of Covid? As the world recovers from the pandemic, a surprising trend has emerged – consumers are increasing their luxury spending despite the overall reluctance to spend. A recent survey by Criteo, an online advertising firm, found this trend across […]
Software & Technology
Advancements in Computer Vision Annotation
With the increase requirement to deliver new innovative AI cases in various industries, software engineers are discovering new ways to deal with the vast amounts of application and device data. The Computer Vision Annotation Tool (CVAT) is a tool that allows for better analysis and processing of annotation data. Intel IOT/ML Senior Software Engineer Neethu […]
2023 Retail Refined
The Future of Social Commerce and Content Creation Via AI
Social commerce may be a newish idea for U.S. retail brands, but it is a trendy marketing tool in China. How popular? Sales in China from social commerce platform purchases reached $363 billion in 2021. Compare that with the U.S., where social commerce sales were $36.6 billion in the same year. The trend is growing, […]