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The rise of chief digital officers in fashion, luxury and beauty retail

Alida

Many CDOs bring deep technological expertise, but CEOs also hope that this new C-suite role can bring valuable consumer insight. Similarly, luxury fashion group LVMH filled the role of CDO with an Apple exec. They must be able to break down the silos between the retailer’s different departments. A tech background helps.

Fashion 154
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New Report Reveals How to Build Customer Confidence in 2015

Experience Investigators by 360Connext

The latest Retail Customer Experience report, Retail Future Trends 2015 , highlights how both consumers and retailers are feeling about trends in retailing. The survey results from consumers highlighted what customers are really seeking. Want to appeal to consumers in retail? I find this compelling.

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How Visual Engagement Tools Can Streamline Online Banking Experience

CloudCherry

Online banking uses Artificial Intelligence or AI that will gather information about their consumer to identify the customer’s needs better and to provide much better customer engagement. These bots ensure constant communication at the same time, address a wide variety of consumer’s needs. Use Live Chat for Real-Time Support.

Banking 267
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Generation Z statistics: New report on the values, attitudes and behaviors of the post-Millennials

Alida

By 2020, Generation Z will account for 40 percent of all consumers in the U.S. Fashionable design matters to 67 percent of #GenerationZ shoppers—more than any other generation ( TWEET THIS STAT ). To prepare for the future, companies should start building a relationship with Generation Z consumers now. Comfort-seeking travelers.

Travel 279
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Why the Retail Industry Is Shifting to Direct-to-Consumer Sales

Win the Customer

Abercrombie & Fitch is counting on direct-to-consumer (DTC) sales to counter the retail apocalypse, Columbus Business First reports. leases expiring over the next two years, the fashion brand saw a 4 percent increase in sales, largely thanks to direct-to-consumer sales. Appealing to Online Shoppers.

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3 Ways Work at Home Is Shifting Consumer Behavior

Oracle

With so many more people at home working, studying, and finding entertainment across devices, the way consumers are behaving and interacting with brands is changing. Here are 3 key areas where consumer behavior is shifting, and how you can modify your strategy to accommodate. Consumer spending centers on essentials.

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7 Steps for Implementing a Closed-Loop System

InMoment XI

As technology advances and the customer experience evolves, consumers expect more and more from your brand. Expectations have risen to the point that that 42% of consumers said that if they contact your brand for support, they expect a response within 60 minutes.

Fashion 370