The rise of discount retailers has placed an increased pressure on the Big Four supermarkets to cut costs and compete for the attention of price conscious consumers. (more…)
Author Archives: Aneesa.Siddique
Mobile retailing is rising rapidly a quarter of all online sales in the UK take place via smartphone and tablets and by 2018 this figure will be much more. Mobile retailing demonstrates the effect that technology innovation is demanding of retailers. This year retailers have stepped up their efforts by incorporating mobile into other parts of the customer journey, including order fulfilment, payments, and loyalty.
Mobile payments aren’t just likely but are expected as more and more people have adopted smartphones. Mobile banking (deposits, bill pay, etc.) is becoming more ‘mainstream’ for consumers, particularly for online goods and services. Google, PayPal, Apple, and Starbucks are all offering new mobile payment capabilities to keep up with demand. (more…)
What Is A Cryptocurrency?
A cryptocurrency is a new form of currency that is entirely digital as exists solely on its own network. Cryptocurrencies operate solely peer-to-peer, meaning that they are completely global and are not controlled by any sort of government. It is like virtual money that can be spent on items or services, or even exchanged for real cash. (more…)
There is still an issue of trust when it comes to new solutions in payment. Consumers feel that new mobile payment technologies dont come with the same level of protection as existing payment methods such as bank cards. Truth be told the nervousness that comes with technology developments the largely the industry’s failure to explain what it is that makes one solution secure and another less so. (more…)
Tomorrow it is proposed that the Chancellor will set out plans to hand out extended powers to councils to allow longer trading hours on Sundays as a measure to boost the economy. It’s thought such a move could also drive more than £200m a year in extra sales in the capital.
Currently shops over 3,015 sq ft are banned from trading for longer than six hours on a Sunday. High Street shops have been coming under growing pressure from online retailers, which now account for 11% of retail sales overall – rising to 17% in the month before Christmas of last year. (more…)
Online shopping could now be a thing of the past, the reality of wearable technology becoming as common as mobile phones is not too far away. In fact, just as mobile phones have come the next thing for online shopping, wearables are the mega stars in waiting for the growing retail sector, both online and offline.
- Gain not just visibility, but availability
Retailers are gradually making the transition to omni-channel data sharing, but complete visibility of inventory alone does not improve allocation and fulfilment. It is necessary to see what’s already on order, in transit or returned across networks to create complete operational control. The retailer needs to be able to view the inventory available to meet the specific customer proposition. (more…)
IBM latest data shows that over half of all the online retail traffic is coming from mobile devices. More shoppers than ever before take to their smartphones to do their shopping and it has never been more important for retailers to offer a truly seamless multi-channel experience across online, mobile and the high street. (more…)