Tag: retail trends

  • Amazon a+ Content Example | Enhanced Brand Content | Expert Tips

    Amazon a+ Content Example | Enhanced Brand Content | Expert Tips

    Amazon has been a game-changer in the world of ecommerce. They have disrupted the traditional retail model and have become a juggernaut in the online shopping space. Amazon’s success can be attributed to their extreme customer centricity. “Convenience is key”- and the entire business model and mindset is built around this principle. So, any Brand seeking to build and grow their ecommerce channel on Amazon would have to start by taking a page out of Amazon’s book and understand their customers’ needs and wants. Customer personas, journeys and product preferences should be at the forefront of every company’s mind if they want to succeed in today’s ecommerce-driven world.

  • 20+ Pricing Strategy – The Best Guide for Retail and eCommerce

    20+ Pricing Strategy – The Best Guide for Retail and eCommerce

    The price of a commodity depends on the interaction between supply and demand in a market – called the equilibrium price. A key concept in this theory is price elasticity of demand, which explains how changes in prices affect consumer demand.

  • HEADLESS COMMERCE BENEFITS : The Future of Modern Retail

    HEADLESS COMMERCE BENEFITS : The Future of Modern Retail

    Headless Commerce, however, is not only a paradigm shift; it is a revolution. By using it, merchants can develop online stores without building their storefronts. Developers can build coordinated, brand-consistent experiences across channels using e-commerce platforms with speed, scale, tool usability, APIs, and integrations with third-party tools. Design and UX teams can prioritize enhancing the customer experience and interface to increase conversions, while technical teams optimize the user experience and interface.

  • TOP 50 IT & TECHNOLOGY BUZZWORDS YOU MUST KNOW

    TOP 50 IT & TECHNOLOGY BUZZWORDS YOU MUST KNOW

    Technology Buzzwords 2022: To be on top of your game, you should know what the tech buzzwords mean. Here’s a list of 50 tech Buzzwords you should get familiar with.

  • Retail Trends: AI Enabled Caper Smart Shopping Carts

    Retail Trends: AI Enabled Caper Smart Shopping Carts

    The smart carts can provide an efficient way to help track what items are being purchased, and increase average order values with the impulse buying nudge feature of these carts

  • The Complete Guide to Quick Commerce or Q-Commerce

    The Complete Guide to Quick Commerce or Q-Commerce

    Q-Commerce stands for ‘Quick Commerce’ – is a convenient yet apt term to refer to a growing channel known as on-demand or rapid delivery. It refers to companies that deliver goods (typically groceries) in under an hour or as quickly as 10-15 minutes. The term is sometimes used interchangeably with “on-demand delivery” and “e-grocery.”

  • Brand Strategy in 2022: Key Business Transformation Ideas

    Brand Strategy in 2022: Key Business Transformation Ideas

    A big bet approach can boost growth and reposition the core of the company. A move like this propels firms and brands toward a new objective in pursuit of revenue, profit growth, and competitive advantage. Major decisions like these shape the future course of an organization. There are so many disruptions happening today that companies need to evaluate and plan for the long term in order to protect their turf and future-proof their businesses.

  • THE RAPID GROWTH OF DOLLAR STORES IN USA | DOLLAR GENERAL STORES

    THE RAPID GROWTH OF DOLLAR STORES IN USA | DOLLAR GENERAL STORES

    In the American retail landscape, Dollar stores are ubiquitous and are growing into greater prominence for both shoppers and brands. Dollar Stores are typically those retail chains that sells a wide range of goods at meager prices, typically employing a Single Price Point strategy where each item costs a dollar or less. Dollar stores are poised to generate 94.2 Billion Dollars in the United States alone – with Dollar Tree and Dollar General being the predominant players. In the past, there were image issues where only a specific section of low-income families would frequent these dollar stores for their shopping needs. However, a shifting focus on service, value, and a unique assortment of products that meets the needs of a growing spectrum of shoppers had added to the tremendous growth potential.

  • AMAZON RETURNS STATISTICS-TOP ECOMMERCE TRENDS 2021-22

    AMAZON RETURNS STATISTICS-TOP ECOMMERCE TRENDS 2021-22

    TOP 15 AMAZON RETURNS TREND & STATISTICS: The value of returned products is around $50 billion, which is 25%-30% of total e-commerce sales in 2020. The top categories for returns were parts, apparel, home improvement, and housewares. At least 30% of all products ordered online are returned compared to 8.89% in brick-and-mortar stores. Based on several different eCommerce studies, the average shopping cart abandonment rate is 68.81%…..