CRM
Personalization might be the word of the year for retail marketing. As technology has evolved, retailers are now able to scale local promotions to maintain the reach that only national promotions in a bygone era of big TV commercial budgets and Times Square takeovers would have delivered. Itโs widely known that consumer preferences have shiftedโฆ
In May, Marriott joined the growing list of brands launching retail media networks (RMNs). Marriottโs flavor promises advertisers access to 164 million members of its โBonvoyโ travel program. While Marriottโs RMN doesnโt build on established partner-brand relationships and co-op budgets the way a brand like Walmart can, Marriottโs sheer size and scope across many screensโฆ
No one likes paying for backup. Obviously, retailers need it. Businesses today operate on data, and without it, commerce grinds to a halt. But itโs painful to spend money on something that you hope you never have to use. The value is all tied up with the nasty what-if of corrupted data, a fire, aโฆ
In episode 359 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Lisa Erickson, senior director of customer relationship management and loyalty at Sleep Number, the leader in sleep health, science, and smart bed innovation. Erickson discusses her professional background and current role, how Sleep Number is differentiating itself by transitioning to a well-being brand that sells sleep, and how its loyalty program drives long-term customer engagement and education.
Technology has been woven into the fabric of our daily lives, with consumers banking, communicating and shopping online. However, the convenience of e-commerce can come at an expense. As consumers have moved deeper toward a digital-first world, questions and concerns about data privacy have grown exponentially. Under increasing pressure, Google recently announced that it willโฆ
Personalization is among the most hotly debated topics among marketers. To some, it's the holy grail their organizations need to seize to delight existing customers, acquire new ones, and prove return on marketing spend. To others, it's a false flag for invasive data collection and inaccurate promotions that alienate shoppers. One way to reframe theโฆ
Your brandโs customers are getting sick of artificial intelligence, chatbots and automated experiences. Automation isnโt the enemy, but weโve gone too far; 75 percent of customers want to interact with a real person more as technology improves.
According to the U.S. Bureau of Labor Statistics, in March 2022, the Consumer Price Index rose 8.5 percent over the previous year โ the largest increase in over 40 years. This jump has hit consumersโ wallets hard. Whatโs more, research from The Conference Board shows that consumer confidence is down again after rebounding from COVID-drivenโฆ
Forward-thinking retail organizations across the globe understand that nurturing the customer experience goes beyond the initial sales engagement. The importance of visibility into the customer journey and the seamless integration with manufacturers are vital as customer expectations rise. In fact, when it comes to making a purchase, 64 percent of people find customer experience moreโฆ
Retailers use and reliance on third-party data is changing due to rules on data collection established by privacy regulations such as GDPR and CCPA. In the coming years, all of the biggest web browsers, from Google Chrome to Safari, will prohibit the use of third-party cookies. This means retailers will have to solely rely onโฆ