5 Important Retail Technologies That Brands Should Be Prioritizing

NITIN MANGTANI | March 21, 2019

article image
With Shoptalk 2019 solidly in our rearview mirror, we’ve now had ample time to digest the many presentations we saw and conversations we shared about the future of retail. We’re optimistic about what lies ahead for our industry and have very strong feelings about the strategies retailers and brands must employ to stay engaged with their customers. We thought it would be helpful to summarize key observations gleaned from the event, so here are 5 things retailers should really be focusing on in 2019.

Spotlight

SuitsYou at Sjölin

SuitsYou by Sjölin is, according to online rankings, the best notified firm within the category of tailor-made suits in the Nordics. We are confident that our unapologetic dedication to constantly perfecting our tailor-made suits and customer experience is the single most important factor driving our rankings upwards.

OTHER ARTICLES

3 Retail Stocks to Sell Before Their Shares Fall Further

Article | March 10, 2020

With retail stocks hammered in the coronavirus-driven market selloff, should you buy the dip? Some retailers, like Costco, may see upside from the panic. But, there are scores of retailers who could see diminished profits in the near term. Why? Supply shocks, for one. Also, if this crisis causes a recession, expect to see decreased consumer spending. The brick-and-mortar retail sector is already feeling a squeeze thanks to Amazon (NASDAQ:AMZN). In other words, the “retail apocalypse.” This may be a more material factor for smaller, niche retailers. However, even major retailers struggle to stay relevant in the face of e-commerce growth.

Read More

Walmart will cut store hours starting Sunday to give workers time to restock

Article | March 10, 2020

Walmart Inc., the biggest U.S. retailer, will cut its store operating hours starting Sunday to give its workers time to restock shelves as the coronavirus outbreak intensifies. The pandemic is prompting Americans to buy more groceries and other daily necessities, often emptying shelves in anticipation of an extended period of so-called social distancing or self-isolation. The number of confirmed Covid-19 cases globally has risen to almost 152,000, with deaths nearing 5,700. “I don’t think any of us have been through an experience like this,” Dacona Smith, Walmart’s U.S. executive vice president and chief operating officer, said in a statement, adding that the change is to ensure “associates are able to stock the products” that are in demand. Stores and neighborhood markets some operating as long as 24 hours a day will open from 6 a.m. to 11 p.m., while those with shorter hours will retain their existing schedules, the Bentonville, Ark.-based company said.

Read More

Which Stores in the United States Have Closed Due to Coronavirus?

Article | March 10, 2020

In case you have been living under a rock, major US retail stores have announced they are closing or limiting their store hours to prevent the spread of the Coronavirus here in the United States. Besides almost every state closing restaurants, bars, gym’s, and theaters, you also have big companies trying to protect citizens from the Coronavirus crisis and protect public health. Walmart has taken steps to reduce hours after several major retailers have chosen to fully close physical store operations after there have been several confirmed cases in the country and they continue to rise. Major retailers Glossier and Patagonia both announced a temporary closure, prompting popular stores such as Abercrombie & Fitch, Nike, and Urban Outfitters to follow their lead.

Read More

How A Toy Retailer Is Adding Quality Play Time To Quarantine

Article | March 10, 2020

There are 32 million kids under the age of 14 in the U.S. This week, and for who knows how much longer, they will be home from school due to the COVID-19 crisis. It may sound like a situation that will try the patience of any parent. But Bill Onderdonk, COO of high-end toy and game company KiwiCo, tells PYMNTS CEO Karen Webster that he thinks he has a solution. “If you want to spend quality time with your kids, they’re great projects for two or three people to do together,” he said. “So that’s sort of the other flip side of this crisis. On a broader scale, parents are concerned about how much time kids are spending in front of screens, whether that’s video games, phones or social media. Our products are a great alternative, because they are engaging and fun for kids.”

Read More

Spotlight

SuitsYou at Sjölin

SuitsYou by Sjölin is, according to online rankings, the best notified firm within the category of tailor-made suits in the Nordics. We are confident that our unapologetic dedication to constantly perfecting our tailor-made suits and customer experience is the single most important factor driving our rankings upwards.

Events