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Sensing, Not Seeing, with Vision AI as Retail’s Crystal Ball for the Future

Retail TouchPoints

We’re seeing vision AI support across all parts of the retail business, including back of house, in-store advertising and media, store checkout and curbside pickup. This ensures that like items are not stored randomly across a warehouse and allows retailers to accurately manage inventory.

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Customers are Tired of Empty Shelves, and it’s Time for a Fix

Retail TouchPoints

From the moment a product enters the store via a delivery to the moment it exits the store through the checkout, there is very little data that retailers can leverage to make decisions. Not only do alerts like these help recapture lost sales, but they also maximize associate productivity through effective task management.

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With Consumers Awash in Subscriptions, Brands Set Sights on Paid Membership

Retail TouchPoints

Jay Myers, Co-founder of headless checkout solution Bold Commerce , which powers close to 20,000 subscription brands, said that while this shift in consumer behavior indicates a subscription saturation point of sorts, it doesn’t mean the end of the model, just a recalibration. Today, brands are competing for consumers’ share of wallet.

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4 next-generation variety retailers making waves

Retail Gazette

The Dutch variety retailer opened its first store in Basingstoke back in 2005 under the name ‘Tiger’ and now has around 100 shops across the UK. Flying Tiger Copenhagen Flying Tiger Copenhagen is a long-time firm favourite of the British high street. Kenji Kenji is another lifestyle retailer that is hitting the expansion trail.

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Jason & Scot Show Episode 315 – 2023 Turkey5 Recap with Salesforces Rob Garf

Retail Geek

Episode 315 is a recap of Turkey5 (The five days from Thanksgiving through Cyber Monday) 2023 with Rob Garf , Vice President and General Manager, Retail at Salesforce. Consumers were patient, waiting for attractive deals, while retailers managed their inventory and discounting strategies well.

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How Brands Large and Small are Leaning into the Amazon Effect to Compete

Retail TouchPoints

Since Amazon Prime’s inception 15 years ago, Amazon has only increased the annual membership cost three times — rising from $79 per year in 2005 to $119 in 2018. The purchasing power of $79 in 2005 equals about $109.90 He is the former Managing Partner of the $100bn Softbank Vision Fund in Silicon Valley.

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Jason & Scot Show Episode 292 – Q1 2022 Recap (Live)

Retail Geek

All the consumer requests they’re getting to support all of them and we call it NASCAR in the checkout when like you have to you know have 57 logos on the checkout for all these different different ways to pay so I think it’s kind of going away. Any other questions before they kick us off the stage.