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Holiday Shopping Trends and Payments Innovations: Experience as Competitive Advantage

Retail TouchPoints

We’ve compiled a list of payments innovations that align with holiday shopping trends, highlighting why this is a critical time for retailers aiming to win consumer loyalty. How can retailers update their payments systems to meet rapidly changing consumer behavior during peak demand? and 3.3%, to nearly $1.59

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Lesson from APAC: Social Commerce is Not One-Size-Fits-All

Retail TouchPoints

Success with Social Commerce Depends on Data That brings us to data. One of the downsides of selling on social commerce platforms is that the retailer doesn’t own the customer. That means less customer data coming to you.

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Retailers: Leverage Customer Data to Navigate Lower Spending Due to Inflation

Retail TouchPoints

While retailers can do little to affect world events and macro inflation, they can make use of an often underused asset they already have: customer data. Retailers that know their customers and can anticipate their needs through more personalized experiences will remain top of mind for consumers.

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2024 Predictions and Trends in B2B Ecommerce: Navigating the Digital Evolution

Retail TouchPoints

Here we’ll take a look at these trending technologies and how they will shape B2B businesses’ ability to deliver a frictionless experience with their digitally native buyers. This trend requires businesses, particularly in ecommerce, to seamlessly blend their online and offline sales channels.

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Four Retail Tech Trends to Anticipate this Holiday Season

Retail TouchPoints

Here are four retail tech trends I expect to see during the holiday shopping season: 1. For retailers, these trackable codes provide valuable customer data to help feed the ML machine. Currently, self-scanning robots are used for inventory and price adjustments, while overhead cameras recognize customers and their behaviors.

Retail 317
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Preparing for the Unknown: Effectively Using Data to Predict this Year’s Holiday Trends

Retail TouchPoints

However, in the midst of all the challenges the year brought, the retail trends we saw last holiday season won’t just be a change in what’s been a norm — instead, they’ll be an acceleration of the shopping shift we’ve seen over the last decade. Tracking location data along with customer data can help stores better prepare for 2021.

Travel 264
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Answering the $100 Billion Question: How Can Retailers Combat Refund Fraud?

Retail TouchPoints

To make the issue worse, this trend shows no sign of slowing down, as fraudsters continue to develop new and innovative methods to exploit retail systems. Adding verification steps or introducing slight delays in the refund process also can help deter fraudulent claims without significantly impacting the experience of legitimate customers.

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