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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Social Selling No Longer for Just Social Media

By Radius8 on Aug 10, 2017 4:48:32 PM

There is no denying that Social Media dominates the digital attention of today’s customers- 81% of Americans visit some form of social media daily. This captive audience presents a tremendous opportunity to turn ‘like’ moments into ‘buy’ moments. As a result, Facebook, Instagram, Pinterest, and Twitter have all rolled out some form of buyable posts, pins, grams, and various other shopping opportunities directly in user’s social feeds. While Facebook and Instagram appear to be having some success in this realm, Pinterest has struggled with their shopping platform and Twitter outright abandoned their efforts. Social shopping presents a unique challenge in striking the right balance of social and shopping to make the experience feel natural.

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Retail ‘Chicken Little’ -The Sky is Falling! or Is it?

By Radius8 on Apr 26, 2017 3:29:30 PM

If the headlines are to be believed, retail is in a death spiral and it won’t be long before every brick and mortar retailer closes up shop, and Amazon win’s the Ecommerce battle crushing or acquiring its competition.

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Shoptalk: ‘The Times, They are a Changin’

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.

Topics: Retail Ecommerce
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For Retail, March Comes in Like a Lion

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.

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

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.

Topics: Retail Ecommerce
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What Does Omnichannel Mean in 2017?

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.

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

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.

Topics: Retail Ecommerce
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Taking the Pulse: Retail 2017

By Radius8 on Feb 7, 2017 12:00:00 AM

We’re just over a month into 2017, a year that many, including myself, have slated to be a transformative
year for retail. While many retailers are likely to prosper, many will struggle, with department stores identified as a segment facing adversity this year by
Moody’s. The shake up across retail has already started. We saw these major shake ups already in just the past month:

Topics: Retail Ecommerce
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Gen Z is Coming, New Retail is the Answer

By Radius8 on Jan 31, 2017 12:00:00 AM

Recently HRC Retail Advisory reported that just 3 years from now in 2020, Gen Z will represent 40% of the US population. This rapidly growing customer segment, who are currently between the ages of 10 and 17, will represent enormous influence on the face of retail in the coming years. Importantly, the way Gen Z will demand to shop represents a significant departure from even what the Millennial Generation desires. Remember, many of these Gen Z individuals can’t remember a world without iPhones, and to them the first-gen iPod may as well be a piece of vinyl.

Topics: Retail Ecommerce
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