Category: digital trends in retail

Posted on

Edge Retailing is the future of Omnichannel Marketing

Edge Retail at Retail Insights

Omnichannel isn’t a new concept, retailers have been trying to do it for years, but it just hasn’t been done well. Edge is changing that with their omnichannel plans that can be summed up in one word – effortless. In this article, you will come to know how edge retailing is the future of Omnichannel Marketing?

How edge retailing is the future of Omnichannel Marketing?
Edge Retailing means effortless

How edge retailing is the future of Omnichannel Marketing?

Edge retail is the physical manifestation of the online business investment and development that has happened in the retail business over the past decade. In this article, you will know how edge retailing is the future of Omnichannel Marketing.

It leverages technology, connectivity, and the skill set of an arising computerized labor force to work on functional effectiveness, better comprehend the client and deliver targeted storytelling that will unlock consumer value and loyalty over a lifetime.

Omnichannel isn’t a new concept, retailers have been trying to do it for years, but it just hasn’t been done well. Edge is changing that with their omnichannel plans that can be summed up in one word – effortless.

Edge will allow customers to Shop by Brand, Shop by Department, and even shop by Category. This will let you focus on what you’re selling, rather than trying to mix and match products from different brands. It is easier for customers to shop and check out quickly. This will include accepting credit cards and debit cards, as well as wireless payments.

Omnichannel is the future of retail. Edge is putting its all into making it a reality, and we can’t wait to see what they come up with next. 

Edge is also working on its new checkout system that will make shopping easier than ever before. This system will include a central location for customers to enter their information, and the system will generate a checkout receipt automatically.

So now you have an idea of how edge retailing is the future of Omnichannel Marketing?

What are the Retail Edge solutions?

Retail Edge solutions securely combine data from many sources to enable you to deliver seamless insight-driven customer experiences. The large data volumes involved make this an inherent edge solution.

It leverages technology, connectivity, and “the never-ending quest to deliver the best customer experience”. It is a combination of retail methods and technologies such as online shopping, machine learning, deep learning, augmented reality, etc. that enables retailers to provide value-added services along with seamless in-store experiences.

 The model is based on the idea that retailers must not only provide customers with what they want but also seek to identify their wants by delivering personalized and relevant services according to their preferences and purchasing behavior.

Edge retail provides opportunities for business growth for both retailers and consumers alike by focusing on value creation through advanced analytics and a comprehensive understanding of consumer habits–which results in an improved user experience from purchase through delivery. 

The future of retail requires retailers to use digital technology in innovative ways that transform their physical stores into personalized and interactive environments that will connect with customers on all devices and throughout multiple channels.

Advantages of Edge Retailing

There are many advantages to edge retailing, which is a form of retailing that takes place in close proximity to customers. Edge retailing is a type of retail that specializes in selling products that are not typically found in traditional stores. 

This includes products such asirez, guitars, and clothing. Edge retailers can provide a unique experience for customers by being closer to them and offering a greater range of products. This makes them ideal for customers who want to buy products that they can’t find in traditional stores.

One advantage of edge retailing is that it can offer customers a fresh and different experience. Edge retailers can provide a unique and delicious environment for their customers, which can lead to more sales.

Additionally, edge retailers can offer more product variety than traditional store owners, which can lead to more customer loyalty.

Edge retail solutions are a unique way to improve the customer experience. By providing solutions that increase sales and loyalty, edge retailers can create a more positive customer experience.

By creating sustainable customer relationships, edge retailers can create a more positive customer experience. 

A retail strategy for a new store is important in order to succeed. There are many different strategies that can be implemented, but the most important part is to think about what works for your store and what does not.

One important factor to consider is how much space you will be able to devote to your store. Many stores are limited in how much they can sell, so it is important to have a strategy in place that can allow you to grow your business. 

Another important factor is what type of store you want to create. Retailers who want to open an online store might prefer an eCommerce strategy, while those who want to open a physical store might choose a more traditional approach.

Finally, it is important to consider what products you will be selling. Some stores may only have a limited variety of products, so it is important to have a strategy in place that allows you to sell more products than you would typically be able to.

Intel Edge and Retail Insights partnership help in implementing the EDGE SOLUTION

Retail Insights Powering Retail Experiences with Edge Computing. We help to choose best-in-class solution ingredients – in the case of retail, the caching appliance, and other hardware, networking, software, and enabling Intel technology – and in having the integration experience to bring them together for a unique customer experience in the real world. 

Welcome to the first in a series of Retail Insights relationships with Intel and the Intel Edge platform for those working on future-proofing their retail business through technology. 

Our first Retail Insights focus is on the partnership between Retail Insights and Intel’s RealSense Technology.

We can now leverage the power of Intel RealSense technology to make our customers’ shopping experiences even more interactive, leveraging both in-store and online channels. 

Intel RealSense technology is a family of hardware and software components that bring 3D depth perception and motion tracking to consumer devices. The camera sports two cameras, one RGB and one infrared (IR), and one laser-based depth sensor. This hardware allows the consumer device to capture 3D data on the user’s environment, from facial recognition to gesture control.

Leveraging Intel RealSense Technology at Retail Insights

With this technology, we can now leverage a host of new functionalities for our retail projects. Retail Insights Powering Retail Experiences with Edge Computing. 

We help to choose best-in-class solution ingredients – in the case of retail, the caching appliance, and other hardware, networking, software, and enabling Intel technology – and in having the integration experience to bring them together for a unique customer experience in the real world. Retail Insights Powering Retail Experiences with Edge Computing.

Want to know how to sell all channel customers, Who Buy Experiences? Click Here

Top Omnichannel Retail Solutions

  • In-Store Experiences

Take control of their first-party data from all sources, both online and offline, and enables highly personalized campaigns that drive conversions.

  • Autonomous Stores, Contactless Checkouts

Autonomous shopping will allow customer in-store shopping experience to be flawless, fast, and convenient Checkouts REST API-based integration layer to EPOS system with real-time image capture and sensing using in-store cameras for SKU identification and auto-billing from EPOS system.

  • Algorithmic Retailing

An intelligent system sets up variables that influence the sales of a product, ranging from factors such as price and promotions, all the way through to the effects of the weather.

  • Control directly from the Cloud

Cameras are installed at the automatic cash registers. Deep learning algorithms analyze massive (1 GIGA bits per second) and complex video data in real-time.

  • Video Walls

The video wall is enabled by image processing power. Every retail video wall display option can enhance the shopping experience.

  • Price Optimization

Price optimization is a big data analytics offering that helps you determine how shoppers will respond to different product pricing levels, which can maximize sales and profitability. 

  • Demand Planning

Demand planning based on sell-through data empowers you to react immediately and appropriately to market fluctuations. It would help send the right inventory to the right place at the right time, ensuring the supply chain stays optimized.

  • Virtual Queue Management 

Virtual Queue Management mobile application designed to manage queues virtually without contact. Our solution can be easily deployed to help customers to be a part of the virtual queue by scanning the QR code posted on entrances

  • Store Allocation

The solution builds an allocation plan taking into account stock that is being produced by marrying it to the“peculiar” demand at a store level.

Click here to know more about omnichannel engineering

So now as you know how edge retailing is the future of Omnichannel Marketing if you’re thinking about getting into the omnichannel market, Retail Insights is the company to consider. We are putting all our effort into making it a reality.

So what are you waiting for? Get started with Edge today! 

If you’re interested in making the switch to Edge Retail, don’t wait – get started today!

Posted on

How omnichannel retailing is changing the retail industry?

omnichannel retailing
What is omnichannel retailing?

The retail industry has changed dramatically in the past few decades. With the rise of the internet, customers are less inclined to drive down to their nearest mall or shop. Instead, they are choosing to buy online or find items they need by searching for them on their smartphone. Omnichannel retailing is becoming more and more popular with retail stores because it enables them to reach customers on all of their devices, no matter the customer’s location. We are the best omnichannel retailers UK.

Best omnichannel retailers UK

Omnichannel retailing is an essential part of this trend. It means that retailers should offer a seamless shopping experience to all customers – whether they are online, at a store, or in between both channels – and make it easy for them to switch channels or interact with any channel at any time. The results are staggering: companies have seen a significant increase in-store traffic, conversion rates have increased by up to 40%, and stockouts have been reduced by 50%.

How does omnichannel retailing benefit customers?

Omnichannel retailing is a new form of commerce. It is the convergence of in-store and online shopping channels, which allows consumers to shop from wherever they are. Omnichannel marketing benefits customers because it makes the shopping experience more convenient for them. Without going through the hassle of going to a physical store, they can just shop online.

customer experience
customer experience

Why is omnichannel important for customer experience?

Omnichannel retailing is a method of marketing that focuses on the customer’s journey. To be successful requires a company’s ability to connect with consumers no matter how they engage- in-store, online, or through mobile devices.

The key to successful omnichannel retailing is one that is data-driven and strategic in nature which helps brands understand the customer better and how they want to engage with them. Omnichannel retailers must also invest in making their customers feel valued, regardless of channel or device.

What is an omnichannel strategy?

Omnichannel retailing is a strategy that retailers use to provide an integrated service across all channels. This may include in-store, online, mobile apps, and social media channels.

The focus is on the customer experience. It involves making shopping easy for customers through the use of information technology and modern technology. The idea is to make it easier for customers to buy products from any channel they want without having to visit every channel separately.

omnichannel retail strategy
omnichannel retail strategy

How does Omnichannel retail work?

Omnichannel retailing is a term that is used to describe a retail system where both online and physical stores are combined. It is an effective way of capturing customers that are interested in the products but cannot physically visit the store for some reason.

This may include using social media platforms to advertise products, while also providing consumers with the option to buy the products online. The customer can order them on-demand or on-site at any time of day, which provides them with more flexibility when on the go.

Best omnichannel retailers UK
omnichannel retail – e-commerce strategy

Best examples of omnichannel retail?

So, here are a few examples

Amazon: Amazon, one of the pioneers of omnichannel retailing, has seamlessly integrated online and offline shopping. It provides its customers with customer service through chatbots and store employees.

Zara: Zara, another pioneer in this space, changed the way people shop by opening up its stores 24 hours a time and allowing shoppers to reserve items online.

Brewster’s: Brewster’s department stores have created an omnichannel experience by using touch screens to guide shoppers through various options in clothing, shoes, and accessories.

Writer analysts at McKinsey said:

“An omnichannel transformation is the only way for a company to address rising complexity, provide an excellent customer experience, and manage operations costs”

The Future of Omnichannel retailing in India

Today, India’s hyper-connected consumers are quickly going into a period where they anticipate that brand owners should offer steady and unmatched support across all touchpoints. They are not just searching for the right item that suits their requirements but on the other hand are looking for a smooth journey in finding the product independent of different stages that they use, getting it from, and getting it conveyed at their doorstep.

However, to better integrate in-store and online shopping experiences, brand proprietors and retailers experience numerous difficulties in effectively executing the omnichannel strategy.

Omnichannel retailing in UK

UK buyers proceed to research and shop on numerous channels, further obscuring the lines between the web and in-store shopping as omnichannel stays a famous and developing shopping pattern. 

As indicated by JRNI’s Third Annual Modern Consumer Research Report, there is a worldwide consistency across virtually all item classifications – hardware, clothing, gifts, family, excellence, and wellbeing.

By and large, 74% of buyers’ web room – investigating the internet, buying available – dominatingly for gadgets, attire, and family things. It likewise tracks down that there is an ascent in showrooming with, 57% of buyers effectively investigating coming up, buying on the web – principally for apparel, presents, and gadgets.

Future of Omnichannel Retail

Best omnichannel retailers UK
omnichannel retailing future

Omnichannel retail refers to the mix of retail channels like stores, on the web, and mobile into a single, seamless customer experience. The rise of new internet-based channels significantly affects the retail business over the previous decade, and it is relied upon that the need to incorporate various channels will change the retail business throughout the following decade.

9 out of 10 consumers need a consistent shopping experience, regardless of whether they are purchasing on the web mobile app, on social media, by telephone, or in a brick-and-mortar store. They want personalized experiences, and brands currently have the devices to give them. 

Omnichannel retail brands are oriented toward the omnichannel customer, with client conduct driving each next move the brand makes. each customer interaction changes the subsequent stage the client will experience. The brand is attempting to direct the client toward a particular result. The brand and customers are now walking in lockstep. 

Brands that win in this new customer-centric landscape will adopt an omnichannel approach to provide that seamless experience their customers want. As a result, those brands will show much higher levels of customer satisfaction and brand loyalty.

To Conclude…

No matter what type of business you’re in, your customers expect a seamless omnichannel shopping experience. With multiple devices and shopping channels, it’s easier than ever to shop and research products and pricing. If your business is struggling with omnichannel, we hope that this blog helps you improve your omnichannel strategy and customer service. Reach us today for the best omnichannel retailers UK.

As an omnichannel merchant, you must have a way to effectively accept and process orders from your customers, no matter how they choose to shop. Find out how a multi-channel retail platform can help you control your inventory, manage your channels, and increase conversions.

Retail Insights is an Award-Winning Global Omnichannel Advisor Technology (Software) Company for Experience Commerce with Edge Computing, based in the USA, and India with representation in the Middle East and the UK. We are the best omnichannel retailers UK

Certified Solution Partners – Adobe Commerce Cloud (Magento), Salesforce Commerce Cloud (SFCC), Intel, GCP, and others.

So what are you waiting for? Go ahead and share your thoughts as comments below

Connect with us : sales@theretailinsights.com || +91 9945872535

Posted on

Order Management System For Smarter Salesforce

Automate real-time orders and returns – eliminate manual bottlenecks


Businesses must use an order management system to effectively manage purchase and sales orders in today’s high-velocity sales environment. The best order management system software can help companies centralize and automate their order management processes, allowing them to stay ahead of the competition.
Retail Insights is the complete solution to your inventory management problems. We are the best order management system UK.

If you’re running out of stock, holding inventory for too long, or if you’re just tired of spreadsheets, then Retail Insights can help.

Take full control of your inventory with an all-in-one solution:

• manage purchases and sales in one place

• set reorder points to prevent running out of stock

• track stock across multiple locations

• scan barcodes to pick, receive, transfer, or ship

• assemble products from the bill of materials (BOM)

• generate barcodes and labels

• sell online through B2B Showroom

• pull eCommerce orders

Retail Insights is an Omnichannel Automation Solution provider that allows you to manage your Inventory, Orders, Shipping, and all other eCommerce operations automatically. It comes with a promise to raise the bar for every eCommerce operation with an ultra-modern design, easy-to-use interface, robust features, and seamless integrations with marketplaces, shopping carts, and accounting software in a unified business tool.

It streamlines and automates back-end processes and maintains a real-time inventory tracking system. Retail Insights comes with 24X7 support to its users, so you need not delay a single order, always!

How Retail Insights Help in Order Management System?


Retail Insights helps eCommerce businesses focus on growth while spending less time managing their back-office operations via one centralized platform.

  • Connect all your sales channels, merge inventory, and allow the stock to update automatically on all your shops once an order is made
  • Bulk update product prices and quantities across all sales channels
  • Get alerts when you’re low on stock
  • Re-order items by generating and sending PO to your suppliers in a matter of seconds
  • Connect all your couriers and print shipping labels with a couple of clicks
  • Track each sales channel performance, top-selling products, and your top customers in a single dashboard

Retail Insights assist in improving Order Management Efficiency !!

Having an efficient order management process is the key to a successful eCommerce business.  But is it that easy to have a fully functional and highly efficient order management system?

Definitely not, but if you follow the best practices to enhance the order management efficiency suggested by Retail Insights, it will become a bit easier.

Centralize all your orders in one system

A centralized order management software allows online sellers to easily sync all the orders that come from every selling channel, making it easy to access any information and perform tasks in one system.

Best Order management system UK

Real-time Sync of Information


Real-time syncing of information like stock levels, order status, placement, shipment, and other order-related updates, helps you track your orders. Instant order processing capabilities make your order fulfillment process efficient and on time, sparing you time to extend your market. You won’t have to worry about updating the stock level after each sale, as it will be done automatically using order management software that syncs in real-time.

Automate the Order Fulfillment Process


Automation has been emerging as the inevitable force in any and every industry for years. Yet many sellers haven’t realized the importance of automated order management software. Action-based automation can be set in order management software which can make your order fulfillment tasks much easier and quicker.

Best Order management system UK

Integrate with Suppliers
Order Management does not always mean having order issues with customers or when customer orders are exceeding the stock in hand. Order Management issues also arise from the supplier’s end. There are instances where suppliers don’t always have the product which you are looking for, or they run out of stock, or you need a product immediately but there is no availability. Well, in such cases, you surely wonder, only if you knew a little sooner. This is why it is a good call to integrate with your suppliers. You can connect with us as we provide the best order management system UK.

Best Order management system UK
  • Maintain Accuracy at all Levels
    An order management software that centralizes orders and automates them in real-time, should be doing it with the accuracy needed. Otherwise, it’s high time you change your order management software to a worthy one! Know how other businesses like yours prosper using accurate order management software.

Accuracy in the orders can be brought by keeping a wide eye open on your metrics! Keep a daily record of important metrics and know where you’re going wrong. Many sellers use reporting and analytic management software that allows them to leverage all their major back-end tasks’ performance in real time.

Best Order management system UK

To Conclude

Most of the larger small businesses want to use such subscription-based software but only some of them do – now you need to decide which category are you in?

Build a Solution approach, to stitch a myriad of different systems such as order management software, shipping carriers, accounting software, reporting tools, customer data, and warehouse management.

The retail Insights tech team helps your business to do the heavy lifting of O2O integrations, development, and automation testing workflows and processes. 

Connect with us today on how we solved Inventory Challenges for retailers/brands with the right technology stack and implementations. We will give you our best as we provide the best order management system UK.

Retail Insights pure-play Omni Channel (Digital) technology company

Visit Us: https://www.theretailinsights.com/
 Contact Us : sales@theretailinsights.com || WhatsApp – +91 9945872535

Posted on

5 New Year Ecommerce Trends for 2021: Future of Retail in a ‘Post Covid’ World

Future of Retail

So what’s the Future of Retail in a post covid? Well, the Future of Retail is achieving all new heights. Here is how.

  1. Free Returns & Fast Fulfilment will sweep everywhere
    OMS, Micro-fulfilment, Last mile Tech Solutions

2. Retailers will optimize omnichannel
Marketplaces, social media selling, their own e-commerce, in-store, catalogues and Watsup more aggressive integration of technologies

3. Subscription models to skyrocket as local high street blooms
For Example, Grocer offering up to five free deliveries per month for just INR 900 per month.

4. Strategic tech partnerships will be central to the success
Work with Specialist Omni Channel Tech Partner Retail Insights

5. Merchants to pay close attention to customer experience
Product merchandise and on to follow up emails but it’s going to start to be looked at as a whole connected system

Future of Retail

Retail Insights is an Award-Winning Global Omni Channel (Digital) Technology Agency – Implementation Partner for E-Commerce, B2B, Market Places and Flexible Fulfilment Solutions

Certified partnerships with Adobe Commerce Cloud, Salesforce Commerce Cloud, MuleSoft, Mparticle, Google Cloud and Intel Retail Edge, and Emerging tech.

Happy to set up a discussion to share our work experience with World Leading Departmental, Beauty and Fashion Brands Multi-Country Rollouts and localization incl. Non-English Speaking)

www.theretailinsights.com

sales@theretailinsights.com || Watsup – +91 9945872535

Posted on

Learn what the Retail Digital Leaders do differently

Retailers face a rising tide of customer expectations. Customers demand relevant and personalized ‘experiences’ in every single channel. So how do the Digital Leaders in Retail differ from the mainstream?

  • Engagement pre-post customer journey?
  • Re-define price and promotion?
  • Promise management on Order to Delivery experience?
  • Return Management should be seamless?
  • Senior leadership response to these challenges?
  • A technology partner who understands the domain?

The ways high-performing organizations are adapting & this is what retail digital leaders do differently.

Which organizations are doing it well – and what you can learn from them

|| skype @ retailinsights || watsup @ +91 9380646727

OmniChannel DigitalRetail experiences SmartRetail onlinestore ecommerce promotion

Posted on

Digital Channels and New Revenue Streams (Define, Engineer and Execute – Walk the Talk)

where-to-go
Digital Channels
1.         30-60-90 day objectives with X sales commitment
2.         Identify features in Development Roadmap
3.         Integration with Enterprise Applications for merchandise flexibility
4.         Infra Management /Application Support for Continuity
5.         Merchandise Event Panning
6.         Digital Marketing Execution
Speak to us – sales@theretailinsights.com || skype – retailinsights || www.theretailinsights.com
Posted on

Retail Insights Digital Channel Management Solution

Digital Channel Management Solution
 
Retail Insights Digital Channel Management Solution
Digital Channel Management Solution
1.     30-60-90 day objectives with X sales commitment
2.     Identify features that part of the development roadmap with cutover plans
3.     Integration with Enterprise Application for automation of merchandise activities
4.     Infra Management /Application Support for Business Continuity
5.     Event planning for timely skin changes and give fresh look for the customer experience.
6.     SEO/SEM activity running parallel to the existing development road map.
 
Speak to us – sales@theretailinsights.com || skype – retailinsights || www.theretailinsights.com
Posted on

ON DEMAND SERVICE REATAILING 2.0

ON DEMAND SERVICE REATAILING
On-demand digital solutions – Order Fulfilment, Service Listing, and more….

ON DEMAND SERVICE REATAILING

}  Services listing – Educations, Doctors, Beautician, etc.
}  Onboarding Service Providers – Detailed profile of experts
}  Matching requests and the providers skill set – Real time chat and support
}  Easier booking management
}  Current Location Map, choosing Pick Up address and Delivery Address
}  Algorithm to calculate Pick Up time, Schedule, Delivery time and with the amount payable
 
Posted on

How to transform the traditional retailer to digital retailer?

traditional retailer to digital retailer
Retail Insights to help define the process with the workshop model. Publish the executable plan in phases. This will help retailers to “Transform while performing”.   
traditional retailer to digital retailer

Traditional retailer to digital retailer

  1. Merchandise, Pricing, and Promotion – Define the assortment and price strategies across all retail channels
  2. Digital Content – Design the online user experience by illustrating best practice
  3. In-Store Experience  – Seamless customer experience across all retail channels and define ways of integration in different phases
  4. Technology – E-commerce technologies, identify gaps in the as-is applications and recommend potential software needs with prioritization to support the digital strategy
  5. Data Insights – Review performance with data mining bringing store and online data. Identify opportunities to improve performance and recommend future actions with data insights
  6. Business Operations – Retail and omnichannel operations to be analyzed. Implement relevant changes to the store E.g. Store Training, Availability, Order fulfillment, Return Processing, Next Day, Customer queries, and Product Information

Speak to us – sales@theretailinsights.com || skype – retailinsights || www.theretailinsights.com