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What the CashRewards, Little Birdie deal says about the rise of AI in retail

Inside Retail

Little Birdie is an AI-powered price-comparison shopping platform that launched in 2021, with $30 million in funding from the Commonwealth Bank of Australia, before suspending operations in May. Our vision is to be the ultimate shopping companion,” Anthony Seymour-Walsh, CEO of CashRewards, told Inside Retail.

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Effective Strategies to Reduce Shopping Cart Abandonment

I Love Fashion

However, the ratio depends a lot on the industry, such as cruise and ferry services , which went through 98%, groceries, which went through 50.03%, and more. Lack of multiple payment options. Complex checkout process. Comparison shopping. The abandonment of shopping carts also affects inventory management.

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Klarna’s app and growth solutions drive high traffic to retail partners

A1 Retail

New data from Klarna, the global retail bank, payments and shopping service, reveals that Klarna’s retail partners received 301 million clicks from consumers via the Klarna app globally in 2021, increasing their traffic by 2.6 45 out of 100 top retailers in the US are currently leveraging Klarna’s advertising services.

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How to Forecast Demand in Retail (2020)

Retalon

Forecasting is a statistical process that uses existing data to predict future performance. For example, most retailers order too much of the wrong products and then rely on discount promotions and clearance pricing to fix the resulting inventory problems. And inventory-driven costs extend well beyond payments to your suppliers.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. Payment, return, and exchange policies.