Integrated Merchandising Solutions (IMS), a leading retail marketing and merchandising agency, announced the addition of Nick Fearnley to its Chicago office. Mr. Fearnley has over 25 years of digital technology experience , most recently as founder and CEO of UK-based SignStix, Ltd., and joins the IMS retail merchandising team as Senior Vice President, Merchandising Technology.Read Full Story
Numerous articles say we’re set for a “Retail Apocalypse” to progress throughout 2020, as e-commerce continues to penetrate consumer lives at scale. It makes for a startling headline of course, but the future of physical retail may not be as catastrophic as the phrase implies.Read Full Story
63% of retail customers say offering faster delivery influences signing up for loyalty membership
A new retail report by CFI Group and Radial shows that 38% of customers generally avoid participating in retail loyalty programs. Many customers just don’t see enough value being offered in loyalty programs to make it worth joining.
Enables CPG companies to seamlessly integrate Nielsen’s retail data with Bedrock’s analytics platform to create compelling selling stories
Bedrock Analytics, an intelligent analytics and insights automation platform for the Consumer Packaged Goods (CPG) industry, announced today it has joined the Nielsen Connect Partner Network.
The customer journey is no longer a linear path. The rise of Omnichannel as the defining retail strategy of the early 21st century has replaced the typical funnel-based buyer journey in favor of a multi-layered experience that moves across touchpoints.Read Full Story
The Retail Technology Company Reports That 32% of Shoppers Considered Their Purchases Up to Two Weeks in Advance and Nearly a Quarter of First-Time Buyers Will Buy From Retailers Again Within 108 Days
Retailers in apparel, jewelry and beauty saw an increase in average order values of between 5% – 20% this Black Friday, despite offering steep discounts, according to new insights from Bluecore.
New Events and Ad Campaigns Span Retail Portfolio
Sensory-friendly Santa experiences, snow shows and pet photo nights are among the exciting and fun programs CBL Properties is offering at its retail centers this holiday season. This year also marks the fourth year the company will close 55 of its properties on Thanksgiving.
Black Friday is one of the biggest days in the retail calendar, and for good reason. Every year, the post-thanksgiving sale brings in more and more attention, and with that, revenue. However, with the ever-growing reliance on the digital world, we are seeing a significant shift towards online sales.
In 2018, while footfall in shops dropped by 5.
In an era where e-commerce and retail brands are competing against each other to gain consumer attention, Louis Vuitton has not only managed to survive and sustain but also pull a lucrative deal with one of the world’s oldest and most well-known jewelry brand.Read Full Story
When we read about fixing retail, the ideas and tactics have merit. You’ll read about “entertainment” and you’ll read about “the customer experience”. Both are important, no doubt about it.Neither solve any of at least five structural problems with retail.Shifting traffic that used to go into stores instead to the e-commerce channel.Amazon.Read Full Story
Retail industry collects large amount of data on sales and customer shopping history. The quantity of data collected continues to expand rapidly, especially due to the increasing ease, availability and popularity of the business conducted on web, or e-commerce. Retail industry provides a rich source for data mining.Read Full Story
The key economic reports this week are October CPI and Retail Sales.For manufacturing, October industrial production, and the November New York Fed survey, will be released this week.Fed Chair Jerome Powell will provide testimony to Congress on the Economic Outlook, on Wednesday and Thursday.Read Full Story
Friday:• At 8:30 AM ET, Retail sales for October will be released. The consensus is for a 0.2% increase in retail sales.• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for November. The consensus is for a reading of 5.0, up from 4.0.• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for October. The consensus is for a 0.Read Full Story
Recommender systems have become a very important part of the retail, social networking, and entertainment industries. From providing advice on songs for you to try, suggesting books for you to read, or finding clothes to buy, recommender systems have greatly improved the ability of customers to make choices more easily.Read Full Story
Let’s tell a little story here.Back in the stone ages of retail (1997) I worked at Eddie Bauer. We had a division in our stores called “Sport Shop”.If you walked into one of our stores, you’d first see the Sport Shop department … a canoe handing from the ceiling, fishing lures, general manly outdoor merchandise and gear.You’d watch a couple enter the store.Read Full Story
Even though RFM segmentation is well known in retail industry, and basic premise is that by knowing recency, frequency and value of the purchase you can be in good position to start figuring out specific customer in terms of its value, purchasing behavior and its loyalties. However, same logic can be applied for any phenomena that we trying to predict.Read Full Story
On a monthly basis, retail sales increased 0.3 percent from September to October (seasonally adjusted), and sales were up 3.1 percent from October 2018.From the Census Bureau report:Advance estimates of U.S. retail and food services sales for October 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $526.5 billion, an increase of 0.Read Full Story