A client told me this just the other day, and it struck a chord; not because it is a pithy play on words, but because it is so very consistent with many of my recent client discussions. “There is data in that system, but we haven’t applied the resources to harvest it and do anything with it.”
With a mountain of challenges comes a single simple question: How to get consumers into the store and keep them coming back? Here are some innovative technologies that show promise for even greater disruption in the store.
Despite their best efforts, most retailers have failed to fully capitalize on all that innovation has to offer.
Dozens of people flock to this store. Every. Single. Sunday.
CPG companies pay retailers substantial fees to be in store, improve placement and run promotions. These slotting, display and pay-to-stay fees can quickly add up, impacting your bottom line. Make sure you are getting what you paid for.
Consumers still prefer to shop in-store, but low on-shelf availability (OSA) and high number of out-of-stock (OOS) events can impact their retail experience.
Supply chain professionals navigate many hurdles and hazards, including demand forecasting-related challenges such as real-time inventory visibility, unforeseen market risks, and a lack of accuracy.
Innovation must receive immediate and due attention within consumer industries for achieving growth.
Hughes helps retail stores transform the customer experience – and thrive as a result.
The big lesson learned from Kroger’s recent quarterly report is that its massive investment in technology, which Wall Street considered risky, is delivering huge returns.
Many shoppers experienced break downs in the retail supply chain during the crisis. This exposed a decades-old, slow-to-change system that needs kicking into high gear.
RIS asked its annual list of top women in retail tech which technology is having the greatest impact now, and where retailers should invest their IT dollars once a level of normalcy returns. Find out what they had to say.
While store traffic declined, this year’s rendition of the official kick off to the holiday shopping season raked in a record $7.4 billion in online sales. Check out the early results.
For several years, “innovation” has been one of the hottest topics in retail. With so much change and disruption taking place all around, it’s easy to see why retailers have been so eager to find silver bullet solutions to their in-store traffic and market share woes.