InternetRetailing

With #NRF2025 next week, check out Ian Jindal's store guide from RetailX, and be sure to drop him a note to connect at the event. If you would like to know the digest of what happened, Ian and Michel Koch have a free, succinct live stream on 29 January - https://lnkd.in/e_yiWwt6 Store Guide: https://lnkd.in/ecYYEqrw Livestream: https://lnkd.in/e_yiWwt6

In the RetailX Growth1000 Report 2024, the focus is on how UK retailers are managing amidst a demanding economic environment. The new Labour government is emphasizing business taxes, while cost-of-living challenges persist and inflation hovers around the target of 2.3%. Concurrently, interest rates remain steady at 4.75%. These economic dynamics are clearly impacting consumer behavior. In November 2024, retail sales experienced a notable 3.3% year-on-year decline. Particularly, non-food sales, both online and in-store, faced significant weakness in the face of these economic headwinds. Download the report FREE via the link in comments below -

Go beyond networking. Our exclusive "RetailCraft" network offers tangible benefits to drive your success. Gain exclusive access to our proprietary retail performance data and research platform. Engage with our analysts and participate in thought-provoking discussions on the latest industry trends. View details - https://lnkd.in/e_ZAJEr7

Troy Cox, Chief Product Officer at BigCommerce, delves into the impact of "Generative AI" in the retail sector. With a projected 39% global growth in ecommerce sales by 2027, the industry is on the brink of a substantial expansion. Key to driving this surge is the integration of Generative AI, with industry giants like Amazon leveraging this technology to streamline product discovery for customers and enhance flexibility for sellers. Forecasts indicate that Generative AI in ecommerce is set to generate an annual value ranging from $400 billion to $660 billion. The adoption of this technology promises enriched customer experiences and the optimization of omnichannel operations, underlining its pivotal role in shaping the future landscape of online retail. #AI #retailtrends #retailtransformation #retialtechnology https://lnkd.in/e742b5tt

Retail Media spend is projected to reach £25 billion by 2026. European retailers are hot on the heels of Amazon’s majority share of the market, and consumers demonstrating a growing appetite for omnichannel shopping.  At Retail MediaX we uncover experience and opportunities for scaling the retail media networks powered by retailers, brands and agencies across 3 compelling content tracks: Register at - https://lnkd.in/estm2fDe

In the past year, RetailX has released over 30 reports delving into the omnichannel retail sector. These comprehensive studies have evaluated top retailers in the UK, Europe, and globally, offering valuable insights into industry trends. Among the research highlights is ChanelX Europe's Marketplace report, shedding light on the significant impact and market share distribution of marketplaces in the evolving ecommerce landscape. Additionally, the Global Sustainability report has closely monitored the efforts of retailers worldwide in enhancing their supply chain sustainability. As we conclude 2024, a selection of charts from these in-depth reports has been curated to demonstrate the ongoing dynamism of the retail industry. Explore the charts and delve deeper into the evolving retail landscape. https://lnkd.in/eCMjvn4c

Kick off 2025 with a demo of the NEW RetailX Intelligence platform and make smarter decisions, faster. Contact me to set up a demo - mark@retailx.net Have a look around the site - link in comments below.

InternetRetailing is hosting NRF2025 - post-event round up of new, notable and inspiring. Make sure to attend it on January 29, 2025.

The European marketplace landscape is undergoing rapid transformation, driven by technological advancements, shifting consumer behaviour and macroeconomic changes. So what does the future hold? https://lnkd.in/eHCSVvVD

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