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Not only do these technologies improve throughput in most cases; they also enable greater flexibility in meeting expectations related to fast shipping and free returns. These expectations have significantly impacted the same-day delivery market, which experts predict will grow nearly 20% year-over-year between now and 2028.
billion in 2028. AI technologies can analyze patterns of customer conversations and identify trends in their requests so agents can quickly respond to their needs without having to repeat basic information. Many retailers are turning to AI to help boost productivity while keeping costs in check. billion in 2021 to $31.18 Operations.
athleisure market as a whole is expected to grow at a compound annual growth rate (CAGR) of approximately 7% through 2028. Brands like Vuori, which has positioned itself as a “category disruptor” by offering more versatile performance items, are at an advantage in this environment and are prioritizing growth across channels.
In these areas, the use of immersive technologies will create an interesting set of fully virtual or mixed services. Partnerships with successful online brands that are struggling to turn a profit with their DTC channels are another interesting alternative.
IL MAKIAGE is a tech-driven beauty brand focused on “using unparalleled technology to connect people with superior, painstakingly tested, beauty products.” In fact, this is IL MAKIAGE’s second technology acquisition in the last 24 months, demonstrating the company’s focus on building its competitive infrastructure. billion in 2019.
The challenge could prove even greater for smaller D2C brands as they go head-to-head with national brands like Nike and Lululemon, which, in addition to direct sales, have the advantages of name recognition and multiple distribution channels. Nearly 70% of marketing spend has gone to these channels.
Today retailers have more opportunity than ever to capitalize on “social shopping” by leveraging shoppable assets across owned channels and even creator content. trillion by the end of 2028, which is around the corner in ecommerce. Lean into Social Shoppable Content It’s evident what’s not working, so where should retailers look?
billion by 2028, rising at a market growth of 14.2% This trend is further fueled by the younger demographics, particularly millennials and Generation Z, who are more open to adopting new technologies and are looking for payment methods that reflect their mobile-first approach.
Content Marketing, advertising and digital practitioners can expect candid conversations on new channels and tactics that drive acquisition and retention. Commerce Retail executives and analysts will explore the future of commerce and how the convergence of content, community and commerce will drive future technology investments.
At the same time, technological advancements have opened the door for greater personalisation, new revenue models, and more seamless shopping experiences across digital and physical channels. In the UK, the social commerce market is expected to reach 16 billion by 2028 , underscoring its growing importance.
Steven Bartlett, Dragon’s Den investor and founder of Social Chain, is confirmed to headline at the Retail Technology Show , retail’s golden ticket event, taking place on 26 & 27 April 2023 at London’s Olympia, as it launches its trailblazing conference programme. Come visit 365 Retail at the Retail Technology Show on stand 5B11.
billion in revenue by 2028. Boisson’s rich content and ecommerce investments also serve as a powerful education and acquisition channel for consumers, who then will venture to traditional retail and grocery destinations to find these brands. The non-alcoholic beverage (NA) market is projected to reach $176.7 billion in 2024.
For Japan and Korea, they’re mature markets known for their advanced technology adoption and high consumer expectations, while Australia and New Zealand serve a stable, well -developed markets with a strong digital penetration. and to be able to maintain a stable payment channel, that is where FastSpring can provide critical support.
There have been shopping channels since the 1980s, but then the internet came along, and ecommerce hasn’t slowed down since. billion by 2028. Another important factor is technology. Tech has developed in nearly every area, from call center systems technology to more sophisticated mobile devices.
billion by 2028. Brands that aren’t leveraging the technology in at least some of their activities will fall behind–because, let’s face it, manually trying to personalize product recommendations, reach shoppers at scale, and guess how much inventory you need is near-on impossible and rife with human error.
The Global Footwear Market: An Overview After being buffeted by the pandemic and accompanying supply chain disruptions, the footwear industry has bounced back and is now projected to grow at a CAGR of 5% and hit $314.2bn by 2028. To understand what On is doing differently and uniquely, check out their product page.
Keep All Of Your Sales Channels Accurate. The c-store industry is expected to grow at about a 5% compounded annual growth rate from 2022 through 2028. This will open up your retail to additional growing sales channels, allowing you to reach a brand new customer base. Offer Health Conscious Merchandise. Omnichannel Sales .
Though linear will continue as an exploitable channel for advertisers, the focus should continue to be on the ever-evolving digital space. eMarketer is projecting it to surpass $129 billion by 2028, with in-store media expected to reach over $1 billion. | DirecTV , Nielsen 2.
CVS isnt the only retailer making big moves with in-store retail media: spend in stores will reach more than $1 billion by 2028, according to Research and Markets. Andrew Lipsman, Founder and Chief Analyst of the consultancy Media, Ads + Commerce, calls physical stores the next major media channel.
This development follows efforts by major brands like Wendy’s and Walmart to implement real-time pricing technologies, raising questions about AI and consumer protection, privacy, and fair practices. through 2028. The Rise of AI in Retail Pricing The adoption of AI in retail pricing is accelerating.
Due to their proximity to the point of sale and access to reliable first-party data, RMNs can link ad impressions to purchases with a higher level of accuracy than traditional advertising channels. in-store retail media ad spending by 2028. As a result, off-site retail media is expected to account for 18.5% of all U.S.
Despite Gen Z often being stereotyped as the TikTok generation, Millennials now outshop their younger consumer counterparts across TikTok, Instagram and Facebook, according to the latest research by the Retail Technology Show (RTS). RTSs research shows that the average shopper bought 11 times in the last 12 months on TikTok, up +37.5%
In eMarketer’s recently released 2024 out-of-home forecasts , they project OOH ad spend to reach $10.58B by 2028 , representing consecutive years of low single-digit growth. This presents a golden opportunity for advertisers to leverage DOOH as a complement to other media channels , particularly as programmatic buying scales.
DirecTV customers’ sports and entertainment nightmare has come to an end – the service provider announced Saturday that it had reached an agreement with Disney to bring its channels back to air after a two-week interruption. The strategic push into CTV isn’t surprising.
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