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Retail Predictions: How Mid-Size Retailers May Change By 2022

Retail Predictions: How Mid-Size Retailers May Change By 2022

Over the next five years, mid-size retailers such as L.L. Bean, Hasbro, and Wayfair will see large impacts and face the most challenges. While we may not have a crystal ball, industry experts, like Greg Zakowicz, have a direct tap into the changing landscape of retail, so we asked them how they see mid-size retail and ecommerce shifting over the next five years. From emerging technology to shifts in how consumers receive their goods, there are a lot of iterative changes that our industry is likely to see.

In the first of a three-part series, find out how I predict mid-sized retailers may change over the next 5 years.

Why fast fashion retailers should slow down and emphasize trust

Why fast fashion retailers should slow down and emphasize trust

Consumers are on the move, and their expectations are higher than ever, thanks to supply chain innovations pioneered by fashion industry front runners. Speedy product development and great logistics management have helped brands like Zara and Uniqlo expand their brands’ presence and popularity in North America, bringing new benefits to consumers and new challenges to retailers.

Why Mobile Payments Are Killing the Checkout Form

Why Mobile Payments Are Killing the Checkout Form

A colleague recently told me over lunch how much he loves pizza apps. “They’re just so easy.” When I asked him what was so easy, he said that while picking from the menu is part of the ease, the bigger part has to do with paying. It’s one touch.

Now before you run out and hire a team to create an app for your brand, let’s think about how to make paying easier – whether someone visits your website from a desktop or wants to take advantage of email offers directly from their mobile device.

Stop Slashing Prices, Start Connecting With Your Customers

The retail sector is going through drastic changes. Established names like The Limited are closing or filing for bankruptcy. Amazon and WalMart squeeze everyone’s margins. Special discount shopping days like Black Friday have morphed into Gray November, a month-long deep discounting period. As brands fight to keep up with competitor discounts, profits and customer loyalty are harder to earn.

I recently spoke with a fashion retailer who recognized the endless discount cycle dilemma. They had been stuck in this discounting rut, but did not want to be known as a discount brand. They prided themselves on making quality product at a decent price and this constant discounting was bad for their brand and devalued their product. This past holiday season, they made a straight forward business decision: No guts, no glory. At their busiest time of the year, they chose to not discount.

Why an Email Unsubscribe Can Be a Good Thing

Why an Email Unsubscribe Can Be a Good Thing

It’s a fact. Someone will unsubscribe every time you send a batch promotional email. And while we all hate to see our subscribers go, wouldn’t you be open to a higher unsubscribe rate if it meant increasing your revenue? How you view your unsubscribes not only affects your email strategy and its revenue potential but also influences improvements you should make to your automated messages and your yearly list growth goals. Let’s discuss.

Crafting A More Robust Cart Recovery Strategy

Crafting A More Robust Cart Recovery Strategy

ommon industry statistics indicate that more than 70% of all online shopping carts are abandoned. Yet retailers generally treat all shoppers who abandon carts the same, regardless of what items they were shopping for. While this one-size-fits-all approach may work for many, it doesn’t work for everyone. The reasons for abandoning a cart tend to vary based on cart total, and the needs of the shopper also tend to change as the cost increases. So, using a blanket approach for cart recovery emails is likely costing retailers valuable sales.

Customers Are King: Are You Giving Them the Royal Treatment?

As memories of the holiday season fade, the focus has now shifted to improving sales in the year ahead. But as competition expands globally and consumer expectations become even more demanding, this can be a daunting task.

Today’s consumers expect more from retailers: relevance, ease of purchase, mobile-friendly engagement, convenient shipping and return policies, availability, engagement, and overall value, just to name a few. While this may seem overwhelming, it’s likely you already provide some of

How Retailers Are Redefining the Shopping Experience

How Retailers Are Redefining the Shopping Experience

I recently found myself popping in and out of stores in the SoHo section of New York City, and one thing stood out to me – the in-store experience left a lot to be desired. Too many times, I walked into a store only to be greeted with a very passive “Hello,” at which point the store associates turned back to whatever they were doing before. To maximize space, stocked items were often jammed together from floor to ceiling, making me feel like I was in some claustrophobic cave of color palettes. The experience wasn’t enjoyable; in fact, it felt more like an exercise in futility.

The Next Generation of Batch-and-Blast Email Marketing

Miami-dwelling Joe likes the colorful Bermuda shorts and green boat shoes he found on your website. But when he gets the email promotion featuring the black winter jacket? Not so much.

Today’s consumers expect relevant communication from retailers, and in this example, Joe’s expectations were not met. It’s also the kind of example that’s been used to knock batch-and-blast emails as an ineffective strategy. But what if you could still batch-and-blast – and personalize?

A Gray November Recap From My Inbox’s Point of View

With consumers shopping earlier, thanks to heavier discounting, earlier promotions, and a trend toward buying for themselves, Black Friday and Cyber Monday no longer kick off holiday shopping. They’re merely a part of it. Instead, we’re now seeing the rise of Gray November, a month-long start to the holiday shopping season.