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Home Design Interiors Where is technology’s role in retail? Everywhere, according to new report |...

Where is technology’s role in retail? Everywhere, according to new report | Home Accents Today


MOUNT ARLINGTON, N.J. – Retail know-how supplier Storis launched its 2024 Development Information for the house furnishings trade, focusing its consideration on the accelerating tempo of know-how innovation via tools such as artificial intelligence.

Surveying its house furnishings retailer members, Storis discovered that 43% are researching how they’ll use AI, and 12% are already actively utilizing it. High makes use of embody creating advertisements, writing content material and personalizing advertising and marketing packages.

Noting Furnishings Immediately’s report that Gen Z and Millennial shoppers account for seven out of 10 furnishings purchases, Storis identified the affinity these consumers have for know-how. Amongst retailers surveyed, 33% are catering to those consumers by utilizing social media as the easiest way to drive visitors.

And integrating on-line and offline channels of buying is a essential part. The Traits Information quoted Manhattan Retail Associates Unified Commerce Benchmark: “Customers don’t see ‘channels’ the way in which retailers do. They merely store. It’s about amplifying every by fusing the 2 seamlessly.”

Storis identified main know-how initiatives for 2024:

  • Cell know-how for level of sale, promoting to unsold friends and design providers that embody customization choices.
  • Automating demand planning to enhance stock administration and supply.
  • Enhancing the e-commerce expertise with instruments equivalent to AI-powered on-line assistants and different enhanced web site options.
  • Integrating information to make sure higher buyer experiences via instruments equivalent to APIs and webhooks.

For Storis’ full 2024 Development Information, click here.

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