Customer Think

AUGUST 29, 2024

2024 survey results show that many retailers already use or are actively working toward adopting AI-powered tools. However, larger retailers are outpacing smaller businesses, with two-thirds reporting AI adoption (55 percent higher than the industry adoption rate). Overall, over 60 percent say they’re planning […]

Retail 119

Retail Customer Experience Digitalization Marketing 119

Zendesk

MARCH 20, 2023

The retail industry is under enormous pressure to change. What does this mean for retailers? Retailers that rise to the challenge reap the rewards–higher CSAT, deeper customer loyalty, and solid ROI. In this guide, you’ll get the latest retail insights and actionable tips on how to supercharge your CX.

Retail 98

Retail Customer Experience 98

Customer Think

JUNE 3, 2023

Eight in 10 retailers have said they plan to sell their goods through additional digital channels in 2023. Leave it to Amazon to level it up to a channel few likely considered: Anywhere. Amazon Anywhere is the online giant’s latest endeavor to further integrate its various sales streams: this time by selling goods on the […]

Retail 117

Retail Digitalization Sales Marketing 117

Customer Think

OCTOBER 30, 2021

Retailers play an important role in promoting product consumption and manufacturing, serving as a ‘gatekeeper’ between manufacturers and consumers throughout the entire lifespan. Retailers have access to a wide selection of items for eCommerce holiday planning and retail solutions. They are […].

Retail 111

Retail eCommerce Manufacturing Sales 111

Customer Think

JANUARY 3, 2023

They only deal with their distributors, brokers, and retailers but need to communicate with people who actually buy their products. The great bulk of CPG startups operates as B2B companies. They need to be more curious about the way they get and use their products. So long as case volumes grow, they are pleased. So […].

Retail 119

Retail Marketing B2B Communication 119

Customer Think

SEPTEMBER 13, 2024

Believe it or not, the holiday season is upon us—and for retailers, it’s crunch time. With heightened competition and consumer expectations, there’s little room for error when it comes to planning your customer journey.

Retail 110

Retail Customer Experience Digitalization Marketing 110

Customer Think

APRIL 21, 2023

Introduction Though the pandemic is over, the retail industry is still contending with serious challenges when it comes to demand. Economic uncertainty and skyrocketing inflation are making consumers more conservative with their finances, as well as more particular about their in-store experience.

Retail 111

Retail Finance 111

Customer Think

JULY 31, 2021

E-commerce expert Alexander Graf outlines how retailers can find a way out of the Amazon jungle In late April this year, Amazon gave us a glimpse of how the pandemic has accelerated its earnings, reporting impressive quarterly sales of $108.5 billion, an increase of 44%. It is clear that home-based working and buying has been […].

Retail 122

Retail Sales Digitalization Marketing 122

Zendesk

SEPTEMBER 7, 2022

Change is the only constant in the retail service industry. Almost overnight, retailers big and small had to adapt to a whole new way of serving their customers digitally. Below, we unpack key takeaways from the report and explore what retail “Champions” are doing to win in CX, so you can go from a retail Starter to a retail Champion.

Retail 98

Retail Digitalization Customer Experience Profitability 98

Zendesk

APRIL 3, 2023

The world of retail is in a time of change. In the flooded market with almost endless options, many retailers are competing on the quality of their service. This is where retail customer engagement plays a vital role. What is retail customer engagement? Why is customer engagement in retail important?

Retail 98

Retail eCommerce Digitalization Artificial Intelligence 98

Customer Think

DECEMBER 12, 2021

As retailers hit the home stretch of their second COVID Christmas, they are navigating a broader set of challenges that they bargained for. Instead, retailers are facing […].

Retail 111

Retail eCommerce 111

Zendesk

NOVEMBER 28, 2022

After the chaos and uncertainty of the past few years, with supply chain woes, staffing shortages, and inflationary pressures, there is some good news for the retail industry. The National Retail Federation (NRF) predicts that holiday sales will be healthy this year. What’s more, many of those sales will come from ecommerce.

Retail 98

Retail eCommerce Supply Chain Digitalization 98

Customer Think

MARCH 15, 2023

Is your retail store implementing agile and reliable inventory control? 67% of warehouses in a recent survey said they’re considering adopting new technologies to speed up inventory management processes. Inventory control isn’t just for operational efficiency – it benefits your product returns and security processes.

Retail 109

Retail Software Software Management 109

Strategic Account Management Association

AUGUST 6, 2021

The overall SV&I organization is subdivided into segments that reflect customer needs across four strategic industry verticals: retail and e-commerce, oil and gas, telecom, and healthcare. Segments are managed by leaders specialized in each industry. “In

Supply Chain 520

Supply Chain Logistics Co-Creation Account Management 520

Zendesk

APRIL 25, 2023

The post AI in Retail: Transform your CX into your competitive edge appeared first on Zendesk.

Retail 97

Retail 97

Customer Think

FEBRUARY 8, 2024

As 2024 unfolds, the dynamic landscape of retail invites the evolution of how retailers approach customer experience (CX). In order for retailers to earn consumer loyalty during the new year, they must incorporate several strategies into their […]

Retail 69

Retail Customer Experience Meetings 69

Kainexus

MARCH 24, 2024

Staying ahead of the curve is paramount to success in the ever-evolving retail landscape. With consumer preferences, market trends, and technology constantly shifting, retailers must adapt and innovate continuously to remain competitive. This is where the concept of continuous improvement becomes invaluable.

Retail 72

Retail Profitability Innovation Customer Experience 72

Customer Think

MARCH 13, 2024

Retail is evolving with the adoption of generative AI, promising to revolutionize operations from product catalog management to customer support. According to McKinsey, integrating gen AI could unlock an additional $310 billion in value for the retail sector, particularly in optimizing customer interactions.

Retail 75

Retail Management 75

Customer Think

DECEMBER 21, 2022

Retailers, don’t burn your bridges. Shoppers are turning to loyalty points to bridge their budgets. It’s hard enough on shoppers that the cost of goods is up 8.2% over 2021 – heck, the cost of food we bring home has risen by 13%, CNBC reports. But now some of the most popular loyalty program operators, […].

Retail 86

Retail 86

Customer Think

JANUARY 6, 2023

Digital transformation is the strategic adoption of various digital technologies, used for improving processes, productivity, enhancing customer care, improving employee experience, managing business risks and helping control costs.

Digital Transformation 134

Digital Transformation Digitalization Customer Experience Retail 134

Customer Think

APRIL 12, 2024

Can a retailer’s loyalty program drive customer loyalty and become a source of revenue? Some retailers and grocers are already leveraging the idea of augmenting a loyalty program with a paid membership, and, by the numbers, they have very good reason for doing so.

Retail 72

Retail Management Digitalization Marketing 72

Customer Think

APRIL 4, 2023

But can they ensure a better customer experience for retailers? (Notice: ChatGPT’s creators, OpenAI, in mid-March launched an advanced version, GPT-4, that is “more capable and accurate than the original ChatGPT,” according to The New York Times.) Online robots can answer a lot of on-the-spot consumer questions.

Retail 16

Retail Customer Experience 16

Customer Think

JUNE 9, 2023

The news spells the imminent end of another iconic institution while spurring another wave of discussion about the future of retail. After years of struggles, Bed Bath & Beyond filed for Chapter 11 bankruptcy protection – and initiated store closings. What can brick-and-mortar stores do to remain relevant, let alone […]

Retail 80

Retail Customer Experience 80

Flevy

OCTOBER 24, 2024

Retail banking is undergoing one of the most significant transformations in its history. At the heart of this balancing act is the retail banking value chain. Unlocking the Retail Banking Value Chain The retail banking value chain represents the complete set of activities that banks engage in to serve their customers.

Banking 52

Banking Retail Acquisition Value Proposition 52

Customer Think

SEPTEMBER 24, 2024

There is no doubt that incidents of organized retail crime (ORC) can be emotional for retail associates. Whether it’s confronting a physical act of theft in stores or being duped online by a fraudster, retail crime can take its toll on team members.

Retail 59

Retail Organization 59

Customer Think

SEPTEMBER 8, 2024

Retailers evaluate and adopt causal AI to identify changes to improve their operations and gain greater insights into customer requirements, industry-wide developments, and strategies/tactics. At the same time, retailers are constantly seeking ways to improve their own decisions and the integrity of their decision-making processes.

Retail 69

Retail Decision-making 69

Customer Think

JULY 14, 2024

A shift has occurred in retail, fuelled by technological advancements and a change in consumer expectations. Remember the days when shopping would involve leaving your house, buying a few items and then going home? We don’t either. Shopping is no longer just about the product but also about the experience. And there is no greater […]

Retail 64

Retail Customer Experience Innovation 64

Customer Think

MAY 20, 2024

Predictive AI Powers Personalized Shopping Experiences In the swiftly changing retail landscape, the gap between consumer expectations and the reality of their shopping experiences is growing.

Retail 64

Retail Customer Experience Marketing 64

Customer Think

MAY 28, 2024

Retailers are no longer competing merely on price and product quality but increasingly on the quality and responsiveness of their customer care. In today’s globalized and digital-first marketplace, customer expectations have soared to unprecedented heights.

Retail 75

Retail Digitalization 75

Flevy

JUNE 26, 2024

The Retail industry is a vibrant and ever-evolving sector, characterized by its direct interaction with consumers and its critical role in the global economy. Maintaining a robust value chain in the Retail industry is paramount for delivering a seamless shopping experience, optimizing operations, and driving growth.

Retail 52

Retail Supply Chain e-Learning Artificial Intelligence 52

Customer Think

MAY 20, 2024

In today’s digital age, the retail industry has undergone significant transformations, driven largely by the rise of e-commerce and consumers’ evolving expectations. Traditionally dominated by physical stores, the home improvement industry has not been immune to these changes.

Retail 64

Retail Customer Experience Digitalization 64

Customer Think

NOVEMBER 13, 2023

In the competitive world of travel clothing retail, brands are constantly seeking innovative ways to stand out and connect with their customers. One effective approach is the implementation of a community-building strategy.

Retail 72

Retail Customer Experience Innovation Marketing 72

Customer Think

JULY 17, 2024

We’ve reached a critical turning point for Retail Media Networks (RMN). The first decade of RMNs ran on infrastructure that’s no longer viable, in particular onboarders that rely on third-party data to power identity graphs.

Retail 69

Retail Onboarding Media Management 69

Strategic Account Management Association

JULY 13, 2021

Customer-buying behaviors have also reshaped Amazon and other retailers in delivering everyday goods. However, many have pivoted and transformed themselves by, for example, providing office spaces for people in need of a quiet working environment. In general, engagement models have been shattered.

Account Management 591

Account Management Innovation Co-Creation Organization 591

Customer Think

APRIL 12, 2024

In the fast-paced and ever-evolving retail sector, understanding the customer has never been more crucial. The sheer volume of choices available to consumers today, from a quick online search to the aisles of a grocery store, highlights the importance of creating a standout customer experience (CX) right from the first interaction.

Retail 69

Retail Customer Experience Digitalization Marketing 69

Customer Think

JANUARY 25, 2024

The retail landscape continues its dynamic evolution, driven by the unprecedented array of choices available to consumers and heightened reliance on comprehensive product content throughout the shopping journey, both in-store and online. In fact, nearly 85% of consumers value product content over brand recognition.

Retail 64

Retail 64

Customer Think

APRIL 2, 2024

In the rapidly evolving retail landscape, customer loyalty has emerged as a crucial factor determining the success and sustainability of businesses. For years, retailers have relied on traditional loyalty systems, offering points or discounts based on purchases to incentivize repeat buying behavior.

Retail 58

Retail Digitalization Marketing 58