Why brick-and-mortar retailers need to go digital with analytics
70 percent of shoppers in a TimeTrade survey indicating they’d like brick-and-mortar sales associates to know if they left items in an online cart so they could answer questions.
To Learn Relationship Selling And Close More Sales, Dissect A Movie Script – Here’s Why
The Retail Doctor
TimeTrade recently reported a better customer experience can boost a retailer's revenue by 5%. In a world of plunging margins, that is huge.
Survey: Retailers Missed Out on $150 Billion in 2016 Revenue by Failing to Provide Shoppers with Personalized Service
MR - The Menswear Industry's Magazine
Disappointing shopping experiences are costing brick-and-mortar retailers serious money, according to the latest TimeTrade State of Retail 2017 survey of U.S. consumers. In fact, the State of Retail 2017 survey results suggest that U.S. retail stores left about $150 billion in potential revenue on the table in 2016 by failing to offer shoppers the personalized shopping experiences they want.
These 5 Retail Innovations Could Actually Make You Want to Shop in a Store Again
TimeTrade found that 59 percent of millennials say they would spend more if a personal shopper proposed suggestions. The distinction is that not every sales associate is trained to be a personal shopper, and not every customer believes they have signed an invisible contract to receive style tips.
Ignoring personalization can cost a retailer, reveals survey
Retail Customer Experience
Better customer experience can boost a retailer's revenue by 5 percent and retailers missed out on $150 billion in payback last year in failing to provide personalized service to consumers, according to the latest latest TimeTrade State of Retail 2017.
Many Consumers Are Open to Beacons
A November 2016 survey of US internet users from TimeTrade found that nearly half of respondents don’t mind being monitored by beacons or Wi-Fi technologies while shopping, as long as it benefits them in some way.
Retailers Want to Use Robots and Smart Fitting Rooms to Lure Customers Back Into Brick-and-Mortar Stores
Imagine walking into a store and being greeted by a 4-foot tall friendly robot that can help you with almost any general query. You might not have to imagine much longer, as 2017 is the year SoftBank Robotics' Pepper the robot might be coming to a retail location near you. According to a TimeTrade retail report, 90% of shoppers cannot always find the right person to help.
New Survey Finds $150 Billion In Missed Revenue Due To Retailers’ Lack Of Personalized Service
Innovative Retail Technologies
Retailers missed out on $150 billion in revenue in 2016 because they failed to provide shoppers with personalized service, according to a new survey by TimeTrade. Providing shoppers with better customer experience could increase revenue by at least 5 percent, while millennials say they would pay up to 20 percent more for better retail experiences.
Retailers: Personalize Shopping Or Leave Money On The Table
The word from TimeTrade’s State of Retail 2017 Survey showed not only did retailers miss out big from lack of personalization, but it’s the kind of thing that’s been going on for some time. Eighty-two percent of respondents in the State of Retail 2017 Survey had shopped in brick-and-mortar, but 49 percent had never had a personalized shopping experience.
Brick-and-Mortar Retailers Disappointing Consumers
Mobile Marketing & Technology
Disappointing shopping experiences are costing brick-and-mortar retailers serious money, according to the latest TimeTrade State of Retail 2017 survey of U.S. consumers. The survey suggest that U.S. retail stores left about $150 billion in potential revenue on the table in 2016 by failing to offer shoppers the personalized shopping experiences they want.