Radius8 Blog

Transforming “Store Locator” from Zero to Hero with “Shop Local”

Posted by Radius8 on Apr 21, 2017 3:25:05 PM

Store Locator (noun)- A part of the website, often hidden to the user, that displays hours and locations of a retail store. Often the only significant online presence for the physical store. Presents minimal value to customers who often turn to Google to find the store. 

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Topics: Mobile, Store Locator, On Demand

Finding Store Growth Opportunities in an Uncertain Retail Climate

Posted by Radius8 on Apr 12, 2017 5:31:52 PM

There is no shying away from the fact that 2017 has seen some of the most aggressive retail store closings since the last recession, and by some projections, we may even outpace store closures figures from 2008. However, simply looking at top level numbers for store closings only tells part of the picture of what’s happening in retail. There is no doubt that the industry is undergoing a correction brought on by Ecommerce, but at the same time the store remains an essential pillar in retail, albeit in a changing role. 

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Topics: Ecommerce, Amazon, Brick And Mortar

Mobile - the Gateway to Your Store

Posted by Radius8 on Apr 5, 2017 9:27:43 PM

Mobile is rapidly becoming the defacto shopping platform. We’ve seen the signs for a while now, but it seems that we are rapidly nearing a tipping point in the desktop vs. mobile shopping paradigm, which started with explosive mobile revenue over the Cyber Monday/Black Friday shopping weekend in 2016. The shift that we are experiencing will only be accelerated as the first wave of theGen Z cohort graduates from college and starts generating and spending their own income. Keep in mind that while the rest of us merely “adopted” mobile devices, Gen Z was born into mobile, and don’t know a world without it. With the ever-growing convenience provided by our mobile devices and the growth of new, mobile-centric shopper cohorts, if you’re not looking at retail through a mobile-lens, you better start now.

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Topics: Brick And Mortar, Mobile

Leveraging Outlet Stores, a Bright Spot in Retailing

Posted by Radius8 on Mar 30, 2017 4:08:16 PM

Today’s consumer is more driven by deals and discounts than ever before. This is why we see retailers like TJX experiencing unprecedented growth, while the rest of retail struggles to get foot traffic through the door.

Off-price retailing isn’t a no brainer however. Retailers that have both full-price stores and discount outlets face challenges in today’s retail environment. 

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Topics: Shoptalk, Outlet, Off-price

Shoptalk II: The Sequel Lives Up to The Original

Posted by Radius8 on Mar 24, 2017 10:11:04 AM

As the week comes to an end, it is apparent that the second annual Shoptalk will occupy a place alongside such great sequels as The Empire Strikes Back, Aliens, and The Godfather: Part II. Like the Empire Strikes Back, Shoptalk II was full of surprises and new technologies.

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Topics: Amazon, Brick And Mortar, Shoptalk, Google

Shoptalk: ‘The Times, They are a Changin’

Posted by Radius8 on Mar 16, 2017 12:00:00 AM

In less than a week, retail’s most notable innovators, visionaries, and influencers will gather at the Aria in Las Vegas to talk shop, brainstorm, and share ideas on the future of retail at the 2nd annual Shoptalk. Hundreds of retail CEOs, Investors, Press, and Influencers will be in attendance. Like a verse from Dylan’s classic tune ‘The Times, They are a Changin’ and they are changing rapidly, for retail.

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Topics: Retail, Ecommerce

For Retail, March Comes in Like a Lion

Posted by Radius8 on Mar 9, 2017 12:00:00 AM

The old adage that March “comes in like a lion, and out like a lamb” may not be holding true for the unseasonably warm weather we’ve been experienced so far this month, but for some retailers, the month of March has been unseasonably harsh.

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Topics: Retail, Ecommerce

Department Stores and Off-price: What it Means for Brick and Mortar Retail

Posted by Radius8 on Mar 2, 2017 12:00:00 AM

Initially, seeing that JC Penny announced that it would be closing 140 stores this year, one might conclude that the same story as we’ve seen with the likes of Macy’s and Sears — cut stores for temporary cost savings with no well-defined future strategy. In contrast, JC Penny made the announcement on the heels of strong sales following the holiday shopping season where investment in experiences like the “store within-store” Sephora and home sections drove sales growth. Per Penny’s statement, closing these 140 stores will free up resources to double down on the brick and mortar experience in the remaining fleet.

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Topics: Retail, Ecommerce

What Does Omnichannel Mean in 2017?

Posted by Radius8 on Feb 23, 2017 12:00:00 AM

Omnichannel…ask any retailer or solution provider and it must rank near the top of the list of retail’s most overused buzzwords. What does omnichannel mean in the year 2017?

It has been declared dead by some. Others say that retail has moved on to bigger and better things. Still others have simply decided the name omnichannel no longer suits them instead, using “distributed commerce,” “all-channel,” or other just as vague but not quite as overused terms.

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Topics: Retail, Ecommerce

Pioneering Start-up Retailer Struggles, Aims to Cut Costs but Lacks Plan to Grow Sales

Posted by Radius8 on Feb 16, 2017 12:00:00 AM

A start-up retailer, founded on selling just one product category, rapidly gains traction by delivering the product to your door faster and more efficiently than any of its contemporaries. They do all of this while providing better prices, a higher level of customer service, and greater convenience than your local brick and mortar stores.

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Topics: Retail, Ecommerce