Last week the CES, mega-conference was held in Las Vegas, and as always it was an extravaganza of innovation and big shiny objects. Never ones to leave you out of the loop, we’re bringing you the latest and greatest offerings from the worlds of retail, e-tail and ecommerce.
2018’s retail landscape saw some big changes, but it will be nothing compared to what’s in store in 2019. As technology continues to disrupt the space, and together with positive gains, here are our Top 5 Retail Predictions for 2019.
Black Friday and Cyber Monday have transformed the way consumers shop and spend and have altered the way that retailers – both online and off – relate to this time of the year. From pricing to inventory levels, search results to shipping deals, everything is affected. We’ll look at how successful organizations are adapting, and what can be learned going into the holiday season and beyond.
Just before we begin Holiday Season 2018, we wanted to look back over last year to help set expectations for the months ahead. We’ve cherry-picked the most interesting ecommerce stats from 2017 to see how well the industry performed, how it’s affected by the holiday season and try to determine who will be the winners and losers of this years season.
Online grocery deliveries continue to have a massive impact on the ecommerce ecosystem. This market is estimated to be worth $17.5bn and is growing actively with 5.5% of grocery shopping is done online. In 4 years’ time, 10% of all grocery sales will take place online. For any business in the ecommerce space, getting a deep understanding of these trends can be a catalyst to further success. With such a massive market, the opportunities are more than appealing.
The ecommerce Grocery landscape has become one of the hottest areas of ecommerce today. Grocery ecommerce is set to outgrow in-store sales tenfold, and by 2022, nearly one-tenth of total grocery sales will be online. Early dominance of this space by players like Amazon has proven that data-driven insights are the key to carving out success in this highly competitive market. In preparation for the 2018 Groceryshop Las Vegas event, we’ve put together some key ways insights can contribute to success in this multi-billion dollar market.
Data-driven insights can have a very real impact on an organization. In some cases, they can even be used to turn around a business. Sam’s Club, for example, was at a turning point. Would it go the way of Toys ‘R Us and similar giant brick & mortar retailers? Find out how data-driven insights revealed incredible opportunities for the big retailer, and if they were instrumental in the organization’s turnaround.
In a business environment where moving fast and smart are critical competitive advantages, sifting through data to find insights and trends could be the worst thing you can do with your precious time. Actionable data, however, when used correctly, is priceless. Real-time actionable insights, moreover, are precisely what smart organizations are relying on to propel themselves forward.
Data, and specifically the insights uncovered from this data, have been used in the retail sector for a while now shaping decisions around stock strategies, pricing, and customer experience. As the shopping experience moves increasingly and adaptively online, these insights are becoming even more important. Take a look at the power and centrality of insights, and how your organization can harness these insights to boost your business.
New data out of the UK has shown that fashion store closings for 2018 are higher than the previous year, and new store openings have slowed significantly. In the US, notable brands like Sears, Victoria’s Secret and Mattress Firm are also feeling the brick & mortar retail squeeze, as shoppers increasingly choose to buy online. As the competition moves online, brands are having to deal with some tough questions. How are they coping?
Dive a bit deeper into Amazon Prime Day to pick out the winners, losers, and interesting stories that this year’s retail bonanza generated.
There is a lot of data out there, but if it’s not used correctly, it is not really a competitive advantage. Decision making for retailers and CPGs has changed tremendously as the amount of data available and the processing power of computers has increased. We’ll look at the factors contributing to this change, as well as insights into what this means on a practical level and what the future may hold.
