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Instacartโs partnership with OpenAI was a significant first step in showing how generative artificial intelligence will fundamentally change the digital shelf and retail media. Amazon.com also has several generative AI-powered initiatives, including AI-generated review highlights and Project Nile, a GenAI search concierge reportedly set to launch in January. If the feature fulfills its potential, itโฆ
If you asked nearly 500 online shoppers how they would classify their experience finding products on their favorite retail website and nearly three in four said it was โeasy,โ youโd think that most websites were doing a pretty good job, right? Think again. While 70 percent of those shoppers characterized searching for products online asโฆ
Even in its earliest form, commerce has always been centered around conversation. The evolution to e-commerce seemed to de-center that conversational element, though. Without a person to speak with, conversation was relegated to a single place within the online shopping experience: the search bar. As the only direct insight into what consumers really want, theโฆ
With social commerce on the rise โ estimates have sales through social platforms growing from $27 billion in 2020 to nearly $80 billion by 2025 โ consumer expectations of online shopping experiences are changing, particularly with respect to website design and user experience. However, as brands adapt their sites to this changing behavior, one keyโฆ
A retailerโs ability to create a seamless and relevant experience for their customers ultimately can be the difference between gaining loyalty or falling behind competitors. Todayโs customers are looking for faster connections to the items theyโre looking for and want personalization at every step along the way. This is why the pressure to nail onlineโฆ
Understanding what customers wanted was pretty simple in a physical store. They could tell a store associate, โI need a coat for a ski trip,โ or simply point to an item to say, โI need something like that.โ With the introduction of online shopping, the e-commerce search bar became the store associate. A customer simplyโฆ
Amid economic turbulence, many retailers are revamping their marketing strategies to try and bring in more customers. However, increasing advertising spend is not the end-all-be-all solution to boosting their bottom lines. Instead, they can increase their revenue by more effectively capitalizing on the customer interactions they already have on their e-commerce platforms and outperforming competitors.โฆ
The economic downturn is dramatically impacting consumer budgets, making shoppers think twice about their spending. This puts pressure on e-commerce merchants to adapt their online shopping experiences to maximize profitable conversions. Meeting this challenge requires a focus on five key areas: 1. Enhance e-commerce site search with dynamic ranking and merchandising. With every cent countingโฆ
Relevance has historically underpinned much of e-commerce search and product discovery strategy. The saying goes, โReach the right people in the right place at the right time,โ and relevance is typically believed to be at the foundation of that objective, guiding retailers and brands as they aim to surface the right product in the rightโฆ
As consumers return to in-person shopping, businesses everywhere are moving quickly to include the best parts of physical retail in the online customer journey. But retailers looking to take features from brick-and-mortar shopping and port them over to the online experience are thinking about it in the wrong way. Success in this new age ofโฆ