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Siman Group , which operates 15 large departmentstores across Central America, has deployed an item-level RFID solution that has raised its inventory accuracy levels from the 65% to 70% range up to 95%. The solution also supports omnichannel offerings such as BOPIS by transforming how Siman tracks inventory across the chain.
Returns are a critical part of the customerexperience, and present a significant challenge to retailers, which is why we are excited to support FedEx with the new service to make returns more efficient, said Tim Robinson, VP, Returns for Blue Yonder in a statement. further enhancing the convenience of the service.
Marking the culmination of nearly seven years of on-again, off-again negotiations, HBC , parent company of Saks Fifth Avenue and Bergdorf Goodman , will acquire another storied luxury departmentstore brand, Neiman Marcus , for $2.65 Current Saks.com CEO Marc Metrick will become Saks Global’s new CEO.
Family-owned departmentstore chain Boscov’s is upgrading its ecommerce ecosystem through an expanded partnership with unified commerce platform Kibo. Now, Boscov’s plans to expand its use of Kibo solutions to unify its mobile and web commerce sites and to upgrade its technology to be more intuitive, responsive and flexible.
JCPenney has faced the same challenges that bedevil the entire departmentstore vertical, ranging from lower foot traffic at malls to the high operating costs that come with significant brick-and-mortar investments. However, there’s been even more going on behind the scenes and in a growing number of JCPenney stores.
The introduction of Clinique’s science-focused skincare retail concept at Macy’s was made during a time when the departmentstore retailer is exploring new approaches to its store design through partnerships with other brands.
Although the technology has been steadily advancing for decades, recent availability of large language models (LLMs) that make AI platforms easy to use have convinced business leaders that AI insights for their employees can just be a question-and-answer interaction away. The challenge, however, is dealing with too much of a good thing.
Motivations range from the need to replace legacy systems and obsolete technology, particularly prevalent among online retailers, to the two-thirds of luxury retailers saying an inability to innovate using their existing systems was an important trigger for payments modernization.
That means asking questions like: What more can be done to deter theft using store layout, customer flow, shelf height, mirrors, lighting and the placement of gondolas, merchandise and security cameras? What are the most customer-friendly ways to protect high-value items from smash-and-grabs? The two are not always in conflict.
As the departmentstore sector aims to reinvent itself for retail’s digital age, iconic retailer Neiman Marcus Group (NMG) is investing rapidly in technologies that will elevate its integrated luxury retail strategy across all channels. Much of it comes down to fostering deeper relationships with its customers.
RFID technology is far from new; in fact, it’s already been through not one but multiple hype cycles, including the jumpstart provided by Walmart in 2003 when it mandated RFID tagging by its top 100 U.S. But these systems’ reliance on computer vision technology made it a poor fit for apparel sales. “At
The metaverse may be the perfect solution to provide the necessary middle-ground between the convenience of online shopping and the immersive experience of physical shopping. Trained as an interior designer, McDannald joined Baltimore’s New Design Light firm in the sales department in 2003 before becoming co-owner in 2009.
has unveiled its Bold New Chapter strategy, signaling a major shift for the iconic departmentstore retailer. Macy’s plans to close 150 underproductive nameplate stores — approximately 50 this year alone — and continue its expansion of smaller-format stores as it prioritizes investment in about 350 go-forward locations.
Trend 1: Fully integrated communications technologies streamline experiences for optimal convenience. When the pandemic hit, the immediate falloff of customers being able to purchase items in-store accelerated technology adoption for greater ecommerce capabilities, new digital initiatives and even remote working for support staff.
In the coming years, this booming online retail industry is set to be revolutionised by high-performance technology that’s more commonly associated with video games than digital shopping: implementing high render 3D graphics is one of the driving forces. The companies that stay ahead of the curve are seeing huge benefits to their businesses.
Augmented reality is an ecommerce technology changing the way people buy online. Different from virtual reality in which the real world is replaced by the view inside virtual reality headsets, augmented reality blends online, mobile and real-world experiences. Read the Virgin Media case study. Learn more about Elastic Path Commerce.
In mid-2021 rumors also surfaced of plans for large-footprint departmentstores , although Amazon hasn’t formally announced anything along these lines. Amazon Style could be a first foray in the departmentstore realm where the company could expand to other untouched categories at brick-and-mortar, such as homewares.
Among the many influences on their behaviors has been technology, because they have grown up with fixed and mobile screens. McKinsey estimates around one-third (35%) of Gen Zs shop alternatively, opting to shop somewhere that is not a modern or traditional grocery store, a mass merchandise store or a club member store.
The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces. YOY growth this holiday season, whereas departmentstores will only see a 0.3%
And because food shopping decisions align directly with consumers’ needs and preferences, food retailers have a unique opportunity to differentiate through the physical experience they offer. For example, La Grande Epicerie in France was spotlighted as the “crème de la crème” of the French gourmet retail experience.
“There has always been a gap between consumer demands and retailer execution of seamless shopping experiences,” Wu said in an interview with Retail TouchPoints. Technology moves at lightning speed and customers get more and more sophisticated and demanding. As an example, curbside pickup exploded during COVID.
Next stop — your favorite departmentstore to pick out an outfit for a work trip later in the week. The store is quite busy, so you flag down a salesperson and they help you check out from a mobile point-of-sale (POS) system.
If you’ve ever wandered into a beauty retailer’s store or lost yourself in the beauty section of a departmentstore, you know all too well the endless number of alternatives the consumer faces when trying to figure out which beauty products to purchase.
The technology has built up five years of data-optimizing ad performance on the Natori product offering, which allows the Albert solution to analyze, in real time, which creative elements deliver the greatest conversions for each product and user segment. We also get end-to-end accountability in the supply chain.”
But while financial outlays have long been an obstacle in the business world, the survey shows they’re no longer the only barrier organizations face as they work to tackle CSR initiatives that align with their mission and their customer bases. Access to data and technologies. A lack of access to data ranked No. Fashion apparel.
Now the onus is on developers to establish what that value means to them, and how it will impact: The spaces they design; The activations and partnerships they launch; The technology and omnichannel capabilities they integrate into the experience; and of course The brands, retailers and other companies they collaborate with.
In today’s competitive retail landscape, departmentstores must continuously seek ways to enhance efficiency to stay profitable and keep customers satisfied. Streamlining operations not only reduces costs but also improves employee productivity and enhances the overall shopping experience.
Seeking to provide the same depth of product information that’s available online in a brick-and-mortar environment, Purina has partnered with Perch to create interactive endcaps in the pet sections of 200 Meijer stores. The technology has been used in categories such as beauty, CPG and accessories, primarily in departmentstore environments.
There are many forces today that allow technology to be adopted much more quickly. And there are all sorts of interesting combinations between technologies, as well as just shifting consumer behaviors and dynamics that cause changes to ripple more quickly. Ecommerce didn’t exist. Cloud computing didn’t exist.
While Amazon is the biggest player making this push, technology providers such as Standard Cognition and AiFi. But all this news makes me wonder: Just how feasible is any of this technology at scale? This means that Amazon went through a year’s worth of data, shopper patterns and trials to get its “Just Walk Out” technology right.
By embracing SaaS technology and emerging trends, Natori is on pace to earn a new generation of consumers – ones who buy from their site, not just in departmentstores. Leveraging a modern SaaS technology stack is how Skullcandy saves time, money and innovatives quickly. But that’s where AI and social commerce could help.
For visitors that can’t make it to the store in person, Crate & Barrel also has created a virtual version of the new flagship that can be visited by customers around the world. ” As with the architecture, the assortment and services inside the store were curated for the brand’s New York City clientele. .
The departmentstore retailer already is accepting visual content from 64 brands as it seeks to drive higher conversions, more time on site and larger basket sizes. Brands that sell at JCPenney can learn how to syndicate their customers’ content here.
Even the most commoditized of traditional shopping experiences — the supermarket — always has counters for specialty items where people can interact with staff to get exactly what they want. Not surprisingly, live commerce can often increase sales as much as five times more than traditional digital experiences.
This mantra has allowed Anthropologie to double down on tactics that make its storeexperience unique, such as its approach to store merchandising, which is more reminiscent of a small boutique than a chain retailer. “We We’re a specialty store with a range of products, so we think about how the consumer experiences the brand.
“The retailer has to make room for the shop-in-shop brand presence and ensure that the shop-in-shop experience doesn’t interrupt the store’s overall flow,” said Scott Schoeneberger, Managing Partner at design-focused technology firm Bluewater in an interview with Retail TouchPoints.
If Amazon is using that technology, we should be using that technology,” said the Prosper keynote speaker, Koffee Kult Founder and President James Mardis, who launched his artisan coffee brand on Amazon in 2014. If Amazon is doing it, it needs to be on your radar. “If If Jeff Bezos is doing it, I want to do it.
Since the iBeacon and location technologies like geofencing came into play with their powerful ability to connect the in-store shoppers contextually, the retail space has been open to leveraging such technologies. Improved CustomerExperience. Here are four benefits of IoT for ecommerce: Easier Inventory Handling.
Amex’s research surveyed 500 senior decision makers across UK retail and hospitality businesses of all sizes, with at least one physical store, exploring their current challenges, investment priorities, and customer attraction strategies.
Neiman Marcus Group (NMG) is making big moves to adapt to changing consumer behaviors, with strategic investments in talent, merchandising, technology and supply chain to reshape the Neiman Marcus and Bergdorf Goodman customerexperience. 1, reporting to van Raemdonck.
On the brick-and-mortar side, The Edit LDN has been selling high-end footwear at the iconic Harrods departmentstore in Knightsbridge for a year, and plans to expand to a Galeries Lafayette in Doha, Qatar beginning Nov. Moses Rashid. And of course our PreLoved marketplace contributes to the circular economy.
A step towards fully closing this gap means looking at the customer-facing experience offered and the potential to improve. With the adoption of Progressive Web Apps (PWA), retailers can offer better, if not the best way to deliver improved, faster customerexperiences.
Sears catered to this new target group by building departmentstores in urban working-class neighborhoods across the country. The social, economic and technological shifts accompanying this rapid urbanization impact all areas of retail. The 1960s however saw yet another shift in urbanization.
British departmentstore Liberty is making moves to improve storetechnology and customerexperience, upgrading its POS and CRM applications to be more user-friendly and easily accessible for staff.
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