5 tech investments that reflect real-world retail trends

1. The in-store experience is ripe for both basic and inventive improvements.

Looking at market size and where traditional retailers are going to get the largest return on investment, improving the in-store experience is still, by far, the largest opportunity for retailers. But where to start?

So many of the problems that plague brick-and-mortar stores have already been solved on digital shopping channels — or never existed in the first place.

2. Meeting consumers where they actually are on sustainability.

More consumers than ever are saying they want to shop sustainably, but they also want the low prices of fast fashion. Producing and operating sustainably in the U.S. requires government regulation, and normally comes with a higher cost.

itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
itim Group plc

More articles like this

itim Group plc

Dramatic changes in European retail offer opportunities

European retail is experiencing significant shifts, presenting both opportunities and challenges for optimising sales across e-commerce and physical stores. This transformation is being driven by changes in consumer spending habits, as highlighted in The State of

itim Group plc

A third of holiday shoppers plan to start before November

Despite inflationary pressures, which continue to impact consumer spending, Gartner’s recent survey reveals that 32% of shoppers intend to begin their holiday shopping well before November. At the same time, 21% of respondents said they are

itim Group plc

Retail transformation and the evolving consumer journey

The retail landscape is experiencing rapid transformation across various areas such as artificial intelligence, demographic changes, social commerce, and contactless payments. Retailers are now adapting to fundamental shifts in how consumers navigate their path to purchase.

itim Group plc

itim Group appoints Colin Price as Non-Executive Chairman of the Board

itim Group plc (LON:ITIM), a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance, has announces the appointment of Colin Price as Non-Executive Chairman of the Board, with immediate effect. Mr. Price succeeds

itim Group plc

A new era of retail: The convergence revolution

Retail is undergoing a profound transformation in 2024 as the boundaries between physical and digital shopping become increasingly blurred. This shift, known as “retail convergence,” is redefining how consumers shop, how retailers engage with their customers,

itim Group plc

Mobile shopping to dominate holiday season sales

As the holiday season approaches, a new Adobe Analytics report predicts that 53% of online sales will be made through mobile devices. This trend is expected to continue growing, with mobile shopping set to surpass desktop

itim Group plc

Retailers embracing technological advancements

According to the National Retail Federation (NRF), retail supports over one in four U.S. jobs among 55 million workers. However, frontline workers in this industry often face challenges such as erratic schedules, repetitive tasks, and increasing

itim Group plc

The unmatched impact of Artificial Intelligence on retail business

Artificial intelligence (AI) has a significant influence on the retail sector, from predictive analytics to gathering customer data. The integration of advanced technologies like natural language processing (NLP) and computer vision is further deepening this impact.

itim Group plc

Africa’s retail sector primed for AI-driven innovation

Africa’s retail landscape, characterised by diverse consumer needs, a burgeoning youth population, growing technology adoption, and a rapidly changing economic environment, is ripe for innovation. Retailers across the continent are seeking innovative strategies to stay ahead,

itim Group plc

Holiday shoppers rely on technology for the best deals

Salesforce has unveiled its 2024 holiday shopping predictions. In the 2023 holiday season, online sales were estimated to have reached $1.17 trillion globally, a 3% increase from the previous year, with U.S. online sales rising by

itim Group plc

Retailers and the generative AI revolution

Retailers have had access to generative AI tools for more than a year now, enough time for almost all to witness the new technology’s undeniable power. While the speed and scope of experimentation have varied across