Technology

Retailers Believe in the Power of Artificial Intelligence
August 14, 2019 at 12:27 pm

Retailers are cautious of emerging technologies, but believe in the power of artificial intelligence (AI). Thatโ€™s just one of the key takeaways from Total Retailโ€™s 2019 Retail Technology Report, which was produced in conjunction with Arm Treasure Data, an enterprise customer data platform. In this year's second quarter, Total Retail surveyed its audience of retail executives toโ€ฆ

The Customer Experience Opportunity: How SMBs Can Use AI to Create a Competitive Advantage
August 12, 2019 at 10:32 am

Small and medium-sized businesses (SMBs) struggle to compete on equal footing with the enterprise behemoths that dominate their industry. In other words, how do local retailers compete with the Amazon.com and Walmarts of the world? Providing a better customer experience is fast becoming the competitive differentiator and driver of success for businesses of all sizesโ€ฆ

Conversational Commerce: Closing the Loop on Creating the In-Store Experience Online
August 8, 2019 at 12:05 pm

Conversational commerce is the latest trend taking the retail industry by storm. By leveraging human brand specialists, artificial intelligence (AI) chatbots and augmented reality (AR), conversational commerce delivers a more simplified and personalized shopping experience for consumers on participating retailersโ€™ online stores and social media platforms. This model provides consumers with a seamless, on-demand shopping interfaceโ€ฆ

Retailers Prioritize Omnichannel Operations in Technology Spending
August 6, 2019 at 2:50 pm

The cross-channel behavior of todayโ€™s consumers are causing retailers and brands to re-evaluate the technology they're investing in. The result has been increased investments in technology systems enabling omnichannel operations, such as order and inventory management systems. Thatโ€™s just one of the key takeaways from Total Retailโ€™s 2019 Retail Technology Report, which was produced inโ€ฆ

Poshmark Suffers a Data Breach
August 5, 2019 at 2:27 pm

In a post to its company blog last week, popular fashion resale platform Poshmark announced that its servers had been accessed by an "unauthorized third party." The hackers stole private data from users in the U.S. that included personal email addresses, Poshmark account usernames, clothing size preferences, and social media account information. Poshmark, which isโ€ฆ

Beating Online Retail Fraudsters at Their Own Game
August 5, 2019 at 12:43 pm

Fraud affecting online retailers is on the rise. According to LexisNexisยฎ Risk Solutionsโ€™ 2018 True Cost of Fraud for the Retail Sector study, successful retail fraud attempts rose almost 30 percent between 2017 and 2018. Every $1 of fraud costs midsize to large retailers an average of $3.29. So how can retailers protect themselves with an increasingโ€ฆ

Real-Time Retail: How Technology Shapes Our Brand Experience
August 5, 2019 at 12:33 pm

The modern-day retail environment is anything but stagnant. With a rise in e-commerce shopping and delivery, consumersโ€™ desire for efficiency and convenience reigns supreme. With this, traditional brick-and-mortar retailers cannot rely solely on historical insights to guide them through the next phase of buying and selling. SAPโ€™s recent study, conducted by leading industry analyst Forresterโ€ฆ

How Chico's FAS Obtains a 360-Degree View of its Customers
August 5, 2019 at 12:10 pm

In episode 207 of Total Retail Talks, Executive Editor Joe Keenan speaks with Lester Holze, vice president of sales, retail and CPG at Experian Marketing Services, and Dan Thorpe, analytics leader at Chico's FAS. Listen in as Holze and Thorpe discuss why Chico's FAS chose Experian as its data partner and how the relationship has helped the women'sโ€ฆ

Key Findings From the 2019 Retail Technology Report
August 2, 2019 at 11:29 am

In this weekโ€™s Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss the release of Total Retailโ€™s 2019 Retail Technology Report, which was produced in conjunction with Arm Treasure Data, an enterprise customer data platform. This third annual report was based on a survey of Total Retailโ€™s audience about their current usage ofโ€ฆ