July 1, 2019
April 3, 2019
The last month of Q1 2019 brought news focused on retail innovations as it relates to technology and customer service. KWI client NARS Cosmetics announced it will be rolling out virtual try-ons via a partnership with Perfect Corp. where clients can use the virtual reality technology via iPads. In addition, two DTC retail brands have been named unicorns with Glossier raising $100m and Rent the Runway announced a $125m investment, making both brands worth more than $1 billion. And KWI client Quay Australia made headlines for launching a sunglass line with Jennifer Lopez and Alex Rodriguez.
March 11, 2019
When you think of a salesperson with a mobile device, you probably think of Apple. They were one of the first major brands to invest in the mobile point of sale experience using the iPod touch in 2009. Apple’s success has paved the way for a tremendous growth in mobile POS systems. An RIS News study found that half of department stores had already implemented a mobile POS plan or planned to do so within 12 months. For the past five years, we have been working with our clients to implement in-store mobile POS systems. We’ve seen the positive impact for these clients and the incredible benefits to anyone’s retail business.
Summer is officially here and while many are thinking of summer vacation, the retail industry continued to keep busy in June. Especially Target, which is recovering from a mid-month cash register technology issue that may have lost the retailer more than $100 million in sales. According to RetailDive, the spring quarter was rough for many specialty retailers due to cold weather, increased shipping costs and questions over tariffs. But looking ahead to July, Amazon Prime Day is scheduled for two days this year, July 15 and 16, and has caused many other retailers to create their own shopping experiences to compete with Amazon. Techcrunch reports that 250 retailers will compete against Amazon, with brands like Walmart and Target planning big sales.