“The latest research shows that, since the crisis began, traffic to online grocery sites has increased by +116%, while transactions are down -15% This behaviour is also seen in tech retail as consumers are looking to upgrade their hardware to facilitate both their entertainment and working needs from home. Tech retail sites recorded a +20%…
Tag: AI eCommerce
Can eCommerce Overcome The Strain Of COVID-19?
“Listrak has reported a 40 percent jump for eCommerce since the state of emergency was declared on March 12. The increase started in February, with online orders up 108 percent year over year, according to Quantum Metric. However, average order value (AOV) decreased 31 percent, suggesting that shoppers are buying on impulse. Sellers of nonessential…
AI’s role in retail
“Domino’s uses artificial intelligence to determine its pizza delivery times and, in Australia and New Zealand, to monitor quality. Sephora’s ColorIQ scans shoppers’ skin to provide custom recommendations for foundation and concealer. Walmart’s Intelligent Retail Lab is experimenting with a number of artificial intelligence tools. ‘retailers — except for the top ones — are struggling…
31% Customers Say They Will Completely Shift to Online Shopping Due to Coronavirus, Reports Yotpo
“At the time the survey was conducted, 65% of shoppers using Amazon said they couldn’t get everything (32.75%) or anything (32.25%) they really needed from the retailer. Less than a week later, it was reported that Amazon Prime delays reached the one-month mark, If an item is out of stock, 40.55% of consumers will turn…
The Future of Digital Commerce and Artificial Intelligence
“With innovations in technology, digital commerce is rising to the top with an expected grossing of $700 billion by the year 2022. So, let’s explore some ways AI can be integrated with digital commerce to understand its impact: Retargeting potential customers Improving the efficiency of the sales process Intelligent searches Automated product descriptions Virtual shopping…