With industry leaders like Walmart, Amazon, and Target setting the standard, matching your prices in real-time is becoming an increasingly difficult task. These big-name brands shrewdly utilize powerful proprietary algorithms to make their offers nearly impossible to beat. Walmart has aggressively speed up its digitization in the last five years to come up to speed […]
With the current state of the retail landscape, merchants everywhere would be wise to take a long, hard look at their business models. Generally speaking, the reason for doing so is that values are shifting. New focal points are emerging left and right to challenge long-held beliefs about the way things ought to work. And […]
When Amazon first introduced the world to Prime Day back in 2015, they flipped the e-commerce world right on its head. It started simply as a 20th-anniversary celebration promoting their Prime membership but has since ballooned into an event more impactful than Black Friday and Cyber Monday. In essence, they took a relatively uneventful sales […]
Through “The Life-Changing Magic of Tidying Up,” Marie Kondo has transformed countless lives, both materialistically and psychologically. If only she could transfer that same power over to the e-commerce scene. As it currently stands, most brands’ online sales strategies are somewhat of a mess. Often, you’ll see a disconnect arise when these companies try to […]
With the precarious state of today’s e-commerce landscape, your brand’s reputation is at risk… And so are your profits. As it currently stands, thousands of unchecked resellers are threatening the integrity of online products. By selling at below-listed prices, these resellers put a ceiling on a brand’s sales potential and dig into their margins. The […]
Amid the grim economic landscape of the recession, many retailers turned to deep discounting as a means to combat weak demand and shrinking profit margins. This provided a much-needed injection of revenue in the depressed market. However, what was intended to be a short-term solution, unintentionally resulted in the establishment of new price norms in […]
With increasing uncertainty about the impact of Brexit across the United Kingdom, there are major concerns about food security. Prominent UK grocers have increased the cumulative food supply across categories by 80% compared to the previous period. The UK relies on a ‘just in time’ supply chain with other EU countries to receive fresh products […]
1.92 billion people will make an online purchase in 2019 and contribute to global e-commerce hitting the $3 trillion mark. With U.S. consumer electronics contributing over $70 billion in 2018 and expected to top $95 billion by 2023, it’s worth asking how some of the more prominent electronic categories play into that market growth. The […]
2018’s grocery price wars have pitted technology against tradition, convenience against loyalty, and private labels against well-loved brands. Factors abound in determining which brands managed to reach success in this quickly evolving industry. Before crowning any victors in this battle, however, it’s worth answering an essential question first. What constitutes success in the grocery price […]
The best thing about January is the opportunity to start again, a general optimism for doing better than last year. More so for retail, being one of the hardest hit industries last year. As retailers re-evaluate 2018’s decisions, the overarching theme for Budget ‘19 is ‘uncertainity’, given the current political climate, a looming trade war, […]
Artificial intelligence, like any new technology with the potential to change the world, has inspired a doomsday narrative that seems more plausible each day. With significant strides this decade, AI finally seems to have arrived. Whatever form it takes from here on, one thing is certain: This is a divisive force capable of disruption. Ready […]
