Technology

How Technology and Data Drive Subscription Clothing Rental Company Armoire
September 30, 2019 at 1:54 pm

Retail organizations are becoming more and more technology driven, with some industry startups identifying themselves as technology companies rather than retailers. During last week's Total Retail Tech event, leaders from some of the most disruptive companies in the retail industry told their brands’ stories in a session titled, "Tech-Driven Startups Disrupting the Retail Industry." The…

Technology Planning: What Retailers Should Be Doing Now to Prep Their Businesses for the Holiday Rush
September 30, 2019 at 11:46 am

Successful retailers are in the business of constantly planning so shelves are stocked in time to meet consumers’ seasonal demands, especially during Black Friday and Cyber Monday. However, retailers need to think differently when it comes to technology planning. With the holiday season looming, retailers need to invest time now in designing a long-term technology…

Highlights From Total Retail Tech 2019
September 27, 2019 at 1:00 pm

In this episode of Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss the recent Total Retail Tech event, which was held in Philadelphia earlier this week. This event brought select retail technology executives together to learn from industry experts and each other, and matched retailers with technology providers for one-on-one discussions. Highlights…

Walgreens to Offer Drone Delivery Service
September 23, 2019 at 11:11 am

Walgreens and Wing Aviation LLC, a member of the Alphabet family of companies, announced last week that it's offering what it calls "store to door" delivery of "health and wellness, food and beverage and convenience items — via state-of-the-art drone technology — in minutes," according to a press release. Wing, the first drone operator certified…

Developing Retail IT Road Maps With Customers as the Cartographer
September 20, 2019 at 2:40 pm

With the first half of the fiscal year in the rear-view mirror, it’s a good time to evaluate the impact of newly implemented technology and understand where technology is still needed on the IT road map. Optimizing sales, margin and inventory across all operation channels is important, but how do you know which technology to prioritize? According to…

The Best Personalization Reduces Shopping Time: Why That’s a Good Thing
September 18, 2019 at 1:11 pm

The age-old belief for retailers was that the longer customers spent in your store, the better. But in today’s world of instant gratification, consumers are looking to streamline almost everything — including shopping. This means that retailers must find ways to shorten transactional time while enticing consumers to spend more time engaging in the in-store…

The Dos and Don’ts of Deploying AI for Retailers
September 13, 2019 at 12:15 pm

Artificial intelligence (AI) and related fields — data science, machine learning, predictive analytics — have become mainstream across industries dealing with big data, including retail. One of my favorite ways to explain this influx is a quote (and great article) from Harvard Business Review: “[Data scientists’] sudden appearance on the business scene reflects the fact…

Are Retail CIOs Ready to Meet Customer Experience KPIs? Accedian Research Says No
September 11, 2019 at 12:55 pm

Today’s retail landscape is undoubtedly competitive. As customers flock to direct-to-consumer (DTC) e-commerce brands (e.g., Warby Parker, Casper, Dollar Shave Club), many traditional brick-and-mortar retailers are struggling to stay afloat. This is evidenced by recent store closures from Dressbarn, Charlotte Russe, Payless ShoeSource, and Gymboree. With Coresight Research predicting that U.S. store closures could reach…