Radius8

Radius8 empowers retailers to dynamically merchandise online using the context of their physical stores and local market intelligence to drive online conversion

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A Page from the Amazon Playbook: 3 Ways to Embrace the “Tech Company” Ethos as a Retailer

By Radius8 on May 1, 2018 2:28:04 PM

 

It is a constant and often repeated maxim – the key to Amazon’s success lies in the fact that the online giant behaves more like a tech company than a retailer. This goes much beyond the fact that AWS contributes a tremendous amount of cash to their bottom line. It’s a mindset and a ethos that drives every decision and strategy.

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Location: The Common Ground between Stores and the Mobile Consumer

By Radius8 on Dec 21, 2017 2:22:56 PM

Fact: Smartphones drove over $2 Billion in Black Friday Sales

Fact: The Average Consumer Spends at least 5X the time on Amazon’s App Compared the Next Most Used Mobile App

 

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Stitch Fix Stock Holding Its Own: What Can “The Rest” of Retail Learn?

By Radius8 on Dec 6, 2017 5:55:38 PM

After a somewhat bumpy start that has come to characterize so many Tech IPOs. Stitch Fix experienced significant growth last week spurred on seemingly by Wall Street’s reaction to a strong holiday shopping weekend. Interestingly enough, Stitch Fix does not seem to fall into a category of retailers typically thought of to have huge bumps during holiday as the buyer is typically shopping for themselves. Never the less, Stitch Fix has long-stood as a benchmark for providing highly curated and personalized service and product to their customers – with the thousands of personal stylists and a heavy investment in data science and AI to back it up.

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Another Black Friday is upon us and the world of retail is gearing up! Is it really new?

By Radius8 on Nov 22, 2017 2:28:08 PM

Of customers polled about their shopping plans for Black Friday, 35% responded that family tradition drives them to the store, 23% pointed to kicking off the holiday and enjoying holiday decorations and displays, and 18% said it’s the best time to browse and shop for the perfect gift for someone on their list.

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Are you Leveraging the ‘Local Advantage’ this Holiday?

By Radius8 on Nov 6, 2017 2:03:19 PM

As the first signs of fall set in this week in the Northeast, I can’t help but wonder how many pairs of shorts hit steep markdown when the weather hardly dipped below 70 degrees for the entire month of October. It’s nobody’s fault, the markdown was planned 12 months or more ago with no significant ability to gauge the ever-volatile fall weather patterns. Without the local data and a method to leverage that data to make an on-the-fly merchandising decision, those shorts languished in the back of every store.

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How to Leverage Stores and “Play to Win” like Hudson Bay

By Radius8 on Oct 12, 2017 3:41:24 PM

“Closing stores starts a spiral that can’t be stopped,” posited Hudson Bay Company CEO Jerry Storch on stage at Shoptalk in Copenhagen this past Monday. The strategy for 2018 and beyond: Play to Win. Sure, like most retailers, HBC may have a few duds across their chain, but unlike many retailers, they aren’t just closing down stores. Instead, the company which owns the likes of Saks and Lord & Taylor is retooling and investing in underperforming stores, modifying the footprint and concept to better address the local market, and making technology investments that connect stores and online shoppers – driving value to an ever-more integrated set of channels. “Be great in stores and be great online,” according to Storch.

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ShopTalk Europe: Impressive Line-up of Speakers You Won’t Want to Miss!

By Radius8 on Oct 7, 2017 10:53:36 AM

On Monday, the first ever ShopTalk Europe event kicks off in Copenhagen! Top retailers from not just Europe, the US, and around the world will head to the northern European city for this new version of the original, Vegas based event. Shoptalk Europe promises to be a fertile ground for innovators and disruptors looking to the future of retail and the discussions on customer experience, brick and mortar, ecommerce, mobility, logistics, and more.

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A “New Retail” Mantra “Location, Location, Location” becomes “Local, Local, Local” in Today’s Age of Connected Consumers

By Radius8 on Sep 29, 2017 4:27:03 PM

Jack Ma hoists an enormous spider crab out of a pool of water in one of Alibaba’s growing fleet of Hema grocery stores in Shanghai. This is more than just a typical photo opportunity – the 13 Hema supermarkets represent Alibaba investment in “new retail.” The video of a tour of the store, reveals that Hema stores are taking huge leaps in data powered store experiences. Compared to Amazon’s convenience store concepts, Hema takes the connected store experience to a new scale – customers are fully connected to hundreds of thousands of grocery products, including a constantly revolving assortment of fresh produce, meats, and fish. You can shop in store and pick up your items or have them delivered locally within a nearby radius of the store - Hema employees pick, pack, and deliver your order right to your door.

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Apple Places a Stake in the Ground with Augmented Reality And Local Experience

By Radius8 on Sep 14, 2017 4:49:41 PM

This week Apple announced two new devices, and with them iOS 11, and Apple’s ARKit. ARKit was announced at WWDC and there have been some cool demos circulating this summer utilizing ARKit, most notably this remake of A-ha’s “Take on Me” (which is definitely worth checking out!) However, this was the first time we could see some compelling demos of the technology on the iPhone. During the demo of the iPhone 8 we saw some other great demos of technology for gaming, a ‘night sky’ constellation map, as well as, a major league baseball game where a spectator in the stands could access information and stats about players on base, just by viewing the field through their phone.

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Move Aside Millennials, Gen Z Loves the Store Even More

By Radius8 on Sep 8, 2017 3:12:54 PM

98% of Generation Z are walking into stores on a regular basis according to a study by IBM, and greater than 60% actually prefer shopping in store according to Accenture. That’s higher compared to the older Millennial cohort. 

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