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Physical experience, digital convenience: The future of retail

CIO

The future of retail is “phygital,” as every retail and ecommerce publication on the internet is screaming right now. Physical retail and ecommerce are increasingly blending together – and becoming indistinguishable in many cases. Worldwide ecommerce sales are at 20% of total retail sales, while the figure is 15% for the US.

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How to evolve your DTC startup’s data strategy and identify critical metrics

TechCrunch

If you’re the founder of an e-commerce startup, there’s a pretty good chance you’re using a platform like Shopify, BigCommerce or WooCommerce, and one of the dozens of analytics extensions like RetentionX, Sensai metrics or ProfitWell that provide off-the-shelf reporting. Don’t rely on them after you’ve outgrown them.

Metrics 245
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Examining Mr Price Group’s search to modernize

CIO

According to Sim, building an ecommerce offering from scratch meant doing things like capturing imagery and writing product descriptions for every product, choosing a suitable approach to order fulfilment, and training in-store staff to do things they’d never done before. This isn’t to say the execution process was simple, however.

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Bandit ML helps e-commerce businesses present the most effective offer to each shopper

TechCrunch

Conti acknowledged that there’s other discount-optimizing software out there, but he suggested none of them offers what Bandit ML does: “off the shelf tools that use machine learning the way giants like Uber, Amazon and Walmart do.” The startup was part of the summer 2020 class at accelerator Y Combinator.

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Martie launches with $3M to divert shelf-stable food items from landfills

TechCrunch

Louise Fritjofsson and Kari Morris started the company in January to “rescue” pantry staples and offer them, initially in California, for between 40% and 70% off retail prices. Companies are attacking food waste in different ways, from developing a better food supply chain to “skins” for produce to food sharing. The pair met two years ago.

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Off the Shelf vs Custom Software: Making the Right Choice for Your Business

Trigent

Here’s all that you need to make an informed choice on off the shelf vs custom software. While doing so, they have two choices – to buy a ready-made off-the-shelf solution created for the mass market or get a custom software designed and developed to serve their specific needs and requirements.

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Chiper aims to ease inventory burdens for Latin American corner stores

TechCrunch

The way that retailers design their systems to visit corner stores means the stores have to buy more products to last a longer time between visits, but often don’t have the working capital or shelf space,” Bonilla told TechCrunch. “The All of the processes are connected with our technology that stakeholders access from an app.”.