Digital Innovation

Retail Game Changersโ€™ 2019 Industry Forecasts
October 9, 2018 at 10:29 am

The answers featured below come from Total Retail's fourth annual Game Changers issue, sponsored by Emarsys. The goal of this issue is to highlight the entrepreneurs and startup businesses that are disrupting the traditional retail industry, whether it be it through digital innovation, unique product, enhancements to the supply chain, or a multitude of other ways. Weโ€ฆ

The Science of Retail: Applying Machine Learning to Drive Revenue
October 9, 2018 at 9:28 am

To effectively transform a retail enterprise from data rich to data-led, retailers must make their data actionable. They must turn a data swamp into a smoothly running data stream. This requires clear goal setting, data normalization and seamless bidirectional communications between core systems across the enterprise. Once these basic requirements are met, retailers can effectivelyโ€ฆ

Clarins Exec Shares How Digital is Changing the Luxury Beauty Market
October 8, 2018 at 9:51 am

In episode 166 of Total Retail Talks, Sapna Parikh, executive director of digital and e-commerce at beauty and skincare brand Clarins, discusses the changing digital landscape in luxury beauty. Parikh shares how she built two startups, why interactive in-store technology is changing the way we purchase beauty products, and offers advice to other retailers on howโ€ฆ

Total Retail Tech Recap: What Retail Executives Are Focusing On
September 28, 2018 at 8:56 am

In this episode of Retail Right Now, Total Retail's Caitlin Sullivan and Joe Keenan recap Total Retail Tech, an executive retail summit focused on the intersection of retail technology and marketing. Keenan identifies three primary themes to emerge from the conference โ€” implementing a culture of digital innovation and experimentation within your organization; the buzzโ€ฆ

Empowering Your Retail Staff With AI
September 27, 2018 at 9:33 am

These days, the retail industry is grappling with โ€œAmazonitis.โ€ Amazon.com has disrupted virtually every sector in the retail market, from food to fashion. In order to survive, retailers, particularly brick-and-mortar businesses, have to give people a reason to come to their stores. They must create a distinctive customer experience, and to that end, they shouldโ€ฆ

Walmart: Abandon Earnings to [Re]Catch Amazon?
September 26, 2018 at 11:00 am

Walmart's success doesn't depend on earnings, but rather the story it tells. Amazon.com's revenue climbed since 1998, while net income stayed flat (per FactSet and Recode โ€” see chart below), and Amazon stock rose 1500 percent in that time period. Walmart โ€ฆ welcome to the technology ball. The biggest earnings quarter to watch for Walmartโ€ฆ

The Future and Consequences of AI and Voice-Driven Retail
September 13, 2018 at 1:01 pm

New research from Voicebot.ai reports that nearly one in five adults in the U.S. already has access to a smart speaker (e.g., Alexa, Google Home), although they might not necessarily have their own. This equates to roughly 47.3 million people, or 20 percent of the U.S. adult population. Considering that Amazon.com didnโ€™t release its Echo speaker untilโ€ฆ

How Brands and Retailers Can Compete in a Digitally Innovative World
August 29, 2018 at 8:49 am

For many consumers today, when they think of online shopping, Amazon.com is top of mind. If we come from their perspective, it isnโ€™t difficult to understand why they love Amazon. It's a marketplace that has almost every product imaginable, which, in most cases, can be delivered the very next day. It can't be denied thatโ€ฆ

How Brands Can Leverage Innovation and Stay Human
August 6, 2018 at 3:34 pm

It wasnโ€™t long ago that running out of a key ingredient for dinner meant rushing to the market, hoping for a short line, and getting home in time to get the food on the table. Just a few years ago, shopping for something more personal, like a watch, took you to every jewelry store inโ€ฆ

Walmart Testing the Use of Robots for Online Grocery Pickup
August 6, 2018 at 2:21 pm

Walmart is testing the use of storage and retrieval robotics, called Alphabot, to increase the speed of online grocery order pickup, according to a company blog post. The technology, which was developed in collaboration with retail automation company Alert Innovation, is being installed in a section of a Salem, N.H. supercenter, which will also be a dedicatedโ€ฆ