Retail Digital Transformation

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retail digital transformation

Retail Express digital transformation requires a shift from being product-driven to customer-centric. Investing in new technology can be expensive and time-consuming but it’s vital to staying competitive.

While many companies look to be the next Spotify or Amazon, traditional retailers are taking their own approach and making big digital advances. These companies include Dick’s Sporting Goods, Home Depot and Walmart. These retailers have taken a risk and gone through a complete digital transformation to become more efficient and provide an enhanced customer experience.

Using data, they can better forecast sales which allows them to optimize inventory, resources and pricing. They can also use data to give personalized service at scale, which is what drives loyalty and increases sales. In addition, they can use augmented reality for virtual simulations to help customers understand what products are right for them before they buy.

From Brick-and-Mortar to Click-and-Order: The Essentials of Retail Digital Transformation

Embracing digital transformation in retail can be challenging for employees and managers who are used to working with old systems. However, by implementing an agile approach to change management and training, the resistance can be reduced and the benefits of a more effective customer experience and operational efficiency can be achieved. These benefits should be communicated to the stakeholders involved in the project, especially workers. This will ensure that they are supportive of the new technology and that it is adopted quickly and efficiently. This can also help to reduce the cost of implementation and any downtime.

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