Omnichannel

Top Retail Trends This Holiday Shopping Season and Beyond
December 6, 2019 at 11:49 am

Last year, the National Retail Federation (NRF) found that during the winter season, consumers planned to spend a total of more than $1,000 on average for items like decorations, candy and gifts, and a nearly equal amount of respondents planned to make their purchases online (56 percent) as did at department stores (53 percent). Finding…

The Quadruple Value of Connected Customers
December 4, 2019 at 10:41 am

We live in a world where customer expectations are constantly changing. And for businesses, keeping up with customers can be a daunting task. “Connected Customer” is a relatively new term used to describe those customers that interact with brands through digital means such as websites, apps, voice assistants (e.g., Alexa), etc. An overwhelmingly large percentage…

2019 Retail Holiday Sales Set to Be Merry
November 22, 2019 at 10:27 am

Cash registers will be jingling this holiday season, as consumers indicate they plan to open their wallets and head to stores. With key economic fundamentals remaining strong, JLL predicts a 4.5 percent to 5.0 percent increase in retail holiday sales. Here are three major findings from JLL’s 2019 Holiday Shopping Survey. Stores Will Be a…

Retailers Wielding This Secret Weapon Will Win Holiday 2019
November 20, 2019 at 11:48 am

Retailers are bracing themselves for a 2019 holiday shopping season that’s six days shorter than last year’s. What will make shoppers choose one retailer over another? How can retailers grow sales in the condensed season? And what can stretch this short shopping period into something longer and more lucrative? The answer to each of these…

Research Offers 3 Keys to Retailers Winning the Holiday Season
November 19, 2019 at 10:27 am

The holidays are just around the corner. Is your company ready? A recent Periscope By McKinsey study of more than 1,000 U.S. consumers examined shopping attitudes and behaviors for this coming holiday season. Findings not only revealed consumers’ plans, but also emerging trends with big implications for retailers. Consumers Are Seeking Inspiration With almost half…

How Movado Group Has Gotten Omnichannel Down Like Clockwork
November 14, 2019 at 5:45 pm

In an interview at eTail East in Boston earlier this year, Behzad Soltani, chief digital officer at Movado Group, parent company of leading watch brands such as Movado, Concord, EBEL, Hugo Boss Watches, and more, detailed the company's commitment to being an omnichannel organization, from operations to marketing, among other functions. Soltani participated on a…

The Prepared Retailer: A Gift That Keeps on Giving
November 1, 2019 at 10:49 am

It seems the holidays come earlier every year — Lowe’s and Walmart have had their Christmas trees up since late September — but for many there's still time left to prepare for the onslaught of gift-givers. The time to do so is now. While this author has been predicting holiday trends for several years, this…

Is Retail Making a Digital Comeback?
October 28, 2019 at 1:02 pm

In 2018, specialty retail was under assault. This year, it’s taking up arms. Specialty retailers have improved fulfillment speed dramatically. Consider, a fifth of brands now offer free two-day shipping, and the number of brands offering next-day shipping has doubled. Recognizing that mobile accounts for 55 percent of online traffic, on average, in this sector,…

The ‘Triple Crown’ of Harmonic Retail: BOPIS, Returns, and Customer Service
October 22, 2019 at 11:41 am

Retail is facing more stress and complexity than ever before. U.S. population growth is less than 1 percent annually, shopper journeys no longer follow predictable demographics, and customers are simultaneously demanding more human interaction and more self-service technology. Add to that the rising cost of shipping, the looming threat of tariffs, and the tight labor market. Retail…

Retailers and Shoppers Are All About BOPIS and BORIS
October 21, 2019 at 12:00 pm

Now more than ever, it’s important for retailers to deliver products to the hands of customers where and when they want them. Shoppers want choice and flexibility in how their orders are fulfilled, and they want to be able to complete their purchases or make returns quickly and efficiently. In an age when shoppers are…