This week’s retail winner is Macy’s CEO Adrian Mitchell for working to understand how to further modernize Macy’s technology infrastructure to support the company’s omnichannel goals.
Technology is not just an option but a necessity for retailers in shaping a successful future. Investing in advanced technology empowers retailers to enhance their operations, optimize customer experiences, and stay ahead in a highly competitive market. As the world rapidly evolves, those who embrace technology will be the ones who thrive, adapting to changing consumer behaviors and expectations, while others risk being left behind in an outdated era of retail.
What is new in Retail?
Understanding and Optimizing Pricing and Promotions
discusses the importance of strategic pricing and promotional strategies for retailers. It emphasizes the need to understand customer behavior, analyze market dynamics, and leverage data to maximize profitability and customer satisfaction.
Omnichannel commerce: 5 strategies to grow your business in 2023
highlights five strategies. It emphasizes the importance of seamless customer experiences across multiple channels, personalized marketing, leveraging data analytics, optimizing supply chains, and investing in emerging technologies to stay competitive in the evolving retail landscape.
5 takeaways on digital innovation from top Walmart execs
How Walmart leads in digital innovation and online shopping by appointing seasoned executives to critical positions. These executives are expected to drive technological advancements, improve customer experience, and accelerate the company’s digital transformation efforts.
Related Product
daVinci Assortment Planning
daVinci’s Assortment Planning solution transforms the way retailers manage their buying process, improving efficiencies, so merchants get back time to be merchants.
