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GoTo and Alibaba lead the charge in Asia-Pacific’s booming retail market

Inside Retail

Alibaba Group Holding Ltd witnessed an impressive four per cent market growth rate from 2021 to 2022, from US$ 459 billion to 477 billion, while JD.com saw a substantial increase of 11 per cent from US$352 billion to US$391 billion, solidifying their positions as leading players in the dynamic e-commerce landscape.

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The Importance of Word of Mouth in Retail Marketing

Creative Displays Now

The following word-of-mouth marketing statistics demonstrate how much you have to gain. 92% of consumers trust recommendations from other customers over a company’s messaging. Globally, 88% of customers trust word-of-mouth recommendations from friends, family and acquaintances more than any other marketing channels.

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From stock levels to financing: How interest rate hikes impact retail

Inside Retail

Beyond a drop in consumer demand and spending, there’s a number of other areas where retailers are being impacted by rising rates. The manner in which we interpret the media perspective might also vary [according to] demographic.” He expects future rate rises before overall deflation in the retail market occurs.

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EuroShop 2023 Preview

Retail Focus

The exhibitors in the Retail Technology dimension help to shape perspectives and future fields of retail through the driving force of intelligent technology. EUROSHOP, PAST AND PRESENT: 1966 EuroShop launches in Düsseldorf, in association with EHI Retail Institute, with 331 exhibitors taking part.

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Akeneo Named Overall Ventana Research Value Index Leader in Product eXperience Management Research

Retail Focus

Since our inception, we have prioritised innovation to ensure our solutions are evolving alongside the ever-changing needs of today’s retail market,” said Kristin Naragon, Chief Strategy and Marketing Officer at Akeneo. To learn more about Akeneo, please visit www.akeneo.com.

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What John Lewis’ $195m deal with Google says about the future of retail

Inside Retail

From an end user perspective, it promises to accelerate the efficiency of the John Lewis partnership’s employees, allowing them to offer a more enriched customer-centric approach and wield data-driven insights for product and service refinement. growth in this space will be inevitable,” Chakravarty noted.

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How Retail Businesses Can Excel With Customer Services

Retail Focus

Surviving and thriving in today’s competitive retail market requires more than offering quality products at best prices. It is more about providing top-notch customer services to give them a reason to choose your brand over the others and recommend it as well. Exceptional customer service goes beyond driving sales.