The State of Play Prior to the emergence of Covid-19, many retailers will have been contemplating new omnichannel strategies to increase profit. The two lockdowns that have followed will either have stalled these strategies, with the focus on simply staying afloat, or fast-tracked their progress. But as we continue to adapt to a life with[…]
Below we will discuss: What omnichannel retailing is 5 Key facts about omnichannel shoppers How you can benefit from omnichannel selling The problem selling with new concessions and marketplaces How to fix this problem Key benefits of automated data syndication How to get started What omnichannel retail is The world of online shopping is growing[…]
As I look back on my formative career and the moments that contributed to the approach we take at Retail247, I’m reminded of the development project we did for the first automated sales forecasting tool, WSSI, at Debenhams. This was in the early to mid-nineties. For our younger readers I’d like to point out that[…]
Stockpiling, panic buying, stocking up – is this what to expect from your customers? We’ve seen the empty shelves and the pleas to shop responsibly and the concerns over the availability of food, but retailers are likely wondering if this is exclusive to coronavirus, or if the panic pandemic will strike again. Our founder and[…]
It is good news for the retail industry as lockdown measures are starting to ease, with non-essential shops including high street shops, department stores and shopping centres given the go-ahead to reopen on the 15th June providing they are covid-secure. As retailers prepare to reopen, they need to evaluate what they have learnt from the[…]
Our founder and CEO, Martin Schofield, is ready to help retailers prepare for the new redefined high street. His direct experience managing the retail IT of Harvey Nichols at a board level has equipped him with the knowhow to help retailers navigate uncertain times, with stock control and technology solutions to develop an omnichannel presence[…]
Every industry is undeniably affected by the changing circumstances caused by COVID-19, and retail can be one of the industries most affected by global events. Retail will always exist, people have always sold things and always will – the industry just needs to adapt, as it always has. Retailers should not sit back and wait[…]
As our circumstances change daily, we truly find ourselves in uncharted territory. At a time where the future is uncertain, we have time to reflect on our businesses, our home life and society at large. Understanding retail I have found myself reflecting and drawing on past experiences to plan and project for the future. I[…]
Throughout history we can attribute social and economical changes to global events, such as the financial crash of 2008 and more recently the global COVID-19 pandemic of 2020. Shifts in consumer behaviour and demand can also be linked to these seismic events. A slow shift in payment methods used has been taking place across the[…]
The challenges presented by the coronavirus COVID-19 pandemic are unprecedented, there is no denying it is a period of turmoil for almost every business, including the retail industry. From disruptions to deliveries to store closures, the threat to retail can’t be ignored. Yet although this may paint a relatively bleak picture for the future of[…]
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