Top Retail Industry Experts to Follow on Social Media

With the constant stream of blogs and articles pouring into the chaotic whirlpool of retail news each day, prioritizing what to consume on the reg. can get pretty overwhelming. For that reason, we pulled together a list of top retail industry influencers to follow across social media (Twitter, LinkedIn, Facebook, etc.), whose fresh perspectives have proven useful and insightful time and time again. 

Listed in alphabetical order, check out this list of notable retail industry experts on social media for unique and quality content on the happenings behind the long, unpredictable retail journey ahead of us:

Read More

Topics: ecommerce, retail news, brick-and-mortar retail, consumer insights, consumer trends, technology adoption

How Retailers Like Target and Walmart Prep for Back-to-School Shopping in 2018

“Back-to-school (B2S) season is the second-biggest shopping season of the year, with 29 million households across the United States planning to spend a total of $27.6 billion.”- Deloitte

Although it may feel like school just got out for summer, it’s never too early to start delivering on the back-to-school rush of sales, promotions and events.

With Prime Day under our belts and many legacy retailers looking for ways to compete during the summer months, we have our eyes glued to how a couple of major brands are offering a back-to-school shopping experience like no other. 

Read More

Topics: customer experience, back to school, convenience, consumer habits, delivery, consumer trends

Why It's So Difficult to Introduce New Products to Your Assortment

“One of the biggest challenges that companies face is predicting demand for new products over time. Overestimate it, and risk warehouses full of excess inventory. Underestimate it, and your customers could leave empty handed—or you might be left with a hefty bill for expedited delivery.”Kellogg School of Management, Northwestern University 

Innovate or die trying. 

The phrase is almost as overused as “retail apocalypse,” yet a concise depiction of what retailers face constantly when we think about the video-gone-viral level of speed behind the changing retail landscape and unpredictable nature of demand. 

As if determining the optimal assortment wasn’t already difficult enough, introducing new products to your strategy when some fashion trends barely last is a risk merchants must take. 

When it comes to new products, retailers are getting burned (more often than not) when a quick pivot or adjustment to changing demand is unmet. Today, these losses hurt big time, especially considering retailers are clenching onto their purse strings more tightly than ever.

Why is it so difficult to accurately predict consumer demand for a new product? And, more importantly, how can we overcome these difficulties? 

Read More

Topics: inventory optimization, consumer habits, consumer trends, data, advanced analytics, demand prediction

The Cost of Love: 2018 Valentine’s Day Sales Increase Online Spending

What is the cost of love?

Of course, love is priceless. But, in all seriousness, how much are people really spending on Valentine’s Day this year? 

According to NRF data, the cost of love in 2018 is $19.6 billion.

Read More

Topics: e-commerce, inventory optimization, retail spending, consumer spending, consumer trends

3 Retail Technology & Data Trends to Watch for in 2018

There’s no easy way to trulyknow how the future will pan out. We anticipate certain outcomes from what we know—like the fact the Patriots won over five Super Bowl championships or that your women's cold-shoulder sweaters sold 500 units last season.

With this historical data at hand, it would seem logical to place our bets on past performance.

And, as you know, merchants are constantly making bets.

Yet, while placing our bets for another New England Super Bowl win isn’t entirely a gamble (what can I say, we’re Boston-based ¯\_(ツ)_/¯), anticipating consumer demand for the fall or spring season six to eight months in advance is.

Read More

Topics: retail technology, e-commerce, fulfillment, artificial intelligence, online shopping, consumer trends, data

Ready for more?

Request a Demo