In a general sense retail is the sale of something. It is a broad term which entails all the steps included in sale of the commodity/ item from businesses to the end users. The manufacturers, retailers and consumers are the individuals/ entities involved in the sale. There are a number of activities/ aspects attached to each of the involved entities and the process as a whole; for example marketing, manufacturing, processing, delivering and much more.
1. The State Of Retail Mobility
Rightly said- “the mobile age has arrived”; 83% of top retailers provide at least one mobile offering and those who don’t are falling behind. But the mobile offerings are falling short of customer expectations with many vital features still missing. The retailers thus need to re-access their mobile strategies and enhance the maturity of their current offerings.
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2. Retailers Delivering The Best Mobile Shopping Experience
Stats suggest that Apple has the highest percent of “very satisfied” (with the provided mobile shopping experience) customers followed by CVS, best buy, target, kohl’s and Walmart. Still, Walmart tops the list of most browsed retailer as well as the list of retailers from whom the mobile shoppers purchase most.
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3. Innovation In Retail Banking 2013
Innovation is an integral part of all industries including the retail banking. A study of 148 banks across 66 countries has suggested that the bank innovation investment has increased from 13% in 2009 to 77% in 2013. But it is not all easy, there are certain barriers to banking innovation, with IT systems being at the top of the list.
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4. How Smart Devices And Social Analytics Are Transforming Retail
With the rise of social media/ networking and portals like Facebook, Twitter and Google+ there is a mountain of new data emerging; the data when analysed properly will help transform the retail experience.
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5. US Online Retail Sales
For the first time in 2012, the global e-Commerce sales have topped to a $1Trillion amount. As far as US is concerned, it is estimated that by 2017 about 10% of US retail sales will be made online. Also in 2013, mobile devices will account for 15% of the online sales in US, a figure expected to rise to 25% by 2017.
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6. Christmas Retail In Australia
The Christmas in Australia seems to bring a boon to the retail sales segment of the economy. The categories showing largest growth in the pre-Christmas period include sporting equipment, then games/ toys, girl’s underwear (3-7 years), barbecues & camping equipment and women’s dress.
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7. The Retailer’s Guide To Big Data
With the growing addiction to social media and use of Smartphone the data has become a “big” part of the retail industry. All the retailers need more agile and relevant marketing; they are needed to understand the different data types and then figure which of it is to be collected and stored.
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8. Retail With Boundaries
The Cognizant’s 3rd annual shopper experience study with 3,800 responses suggests that retailers need to establish “Retail without Boundaries” experience for consumers- for shopper will shop anytime, anywhere and through any channel.
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9. Valentine Retail
On Valentine’s Day it is expected that the customers will spend about $17bn on gifts ranging from chocolates, flowers to jewellery and even pets. As per past figures, consumers spend mostly on discount stores, departmental stores, speciality stores, florists and jewellery store.
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10. NAB Online Retail Sales Index
NAB online retail sales index provides the industry key insights into the online spending that happens in the retail good space. It captures both domestic and international trends across varied demographics.
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11. Retail In Australia
The value of online sales in Australia was $27bn in 2010 which was expected to rise to $37.1bn for the year 2013. There are certain challenges facing the Australian retailers, which may deter their growth, like lack of technology/ tools to build online strategy, lack of digital marketing skills etc.
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12. All About Retail Security
The store systems, workstations/ servers of the retailers all over the world are at a risk of being cyber attacked today. But only 50% of them are somewhat confident or not confident that they can stop an advanced attack on their systems.
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13. Retail Fashion Brands On Pintrest
In terms of follower growth the brand L.L. Bean has highest number of followers with lululemon athletica, anthropologie, urban outfitters and nasty girl right behind. But in spite of having highest no. of followers L.L. Bean is beaten by anthropologie in the no. of brand mentions received.
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14. Convenience Retail Sector Holds Massive Potential For Brands
The two biggest revenue growth sectors in UK are symbol groups (with 8.4% year on year growth) and the convenience multiples (11.1% yr on yr growth). The fastest growing category in symbols is chilled food and in convenience multiples is fruits & vegetables.
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15. A Look Inside Retailer Deals
All the types of business like clothing, books, electronic, cookware etc. have to offer varied retail deals to make their mark. Analysing the stats in regard to the deals, it has been discovered that most customers (about 34%) are looking for free shipping, while some (25%) want real time discounts and (21%) daily deals/ flash.
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16. What Can Retail Integrated e-Commerce Do For Your Brand?
Retail integrated e-commerce allows the manufacturers to sell to consumers directly with the help of the retailers in making deliveries. Survey figures present that about 50% branded manufacturers saw an increase in their online sales post the launch of retail integrated e-commerce, while about 10% saw the sales double.
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17. Unified Communications (UC) In Retail
Unified communication is giving the organisation one single intuitive interface for all communications by integrating all devices and channels. Figures suggest about 38.6% businesses do not even know about UC while only 15% will implement it over next yr and 35% in over next 2-3 yrs.
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18. Retail Bank Consumer Path To Switching
Data suggests that about 11% of consumers will consider switching a bank within a year of joining it. The most common reasons for switching include too many fees, poor customer service, bad location of the bank and customer moving to new area.
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19. Personalising The In-Store Retail Experience
Personalisation is the only answers that will help the retailers keep the brick- mortar shopping experience fresh for all shopper typologies. Stats show that 46% of shoppers would buy more from that retailer who personalises the experience. Also customers [refer being acknowledged in-store rather than via digital channels.
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20. Retail Trends Worldwide
In Latin America- Brazil tops the list of best economy in retail industry with the GRDI position of 1. China is another country that though witnessed a slip, is still a strong presence in the world retail economy. Also in the Sub Saharan Africa, Botswana has displayed immense retail growth.
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