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	<title>Retail Industry &#8211; Shopi</title>
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	<description>All-in-One Store Platform for Omnichannel Retailing</description>
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		<title>Three Keys to Omnichannel Utopia</title>
		<link>https://shopihq.shop/three-keys-to-omnichannel-utopia/</link>
					<comments>https://shopihq.shop/three-keys-to-omnichannel-utopia/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 15 Apr 2019 04:33:44 +0000</pubDate>
				<category><![CDATA[Retail Industry]]></category>
		<category><![CDATA[Digital Transformation]]></category>
		<category><![CDATA[Digitalization]]></category>
		<guid isPermaLink="false">https://shopihq.shop/?p=105</guid>

					<description><![CDATA[If you have ever made a purchase after browsing on your smartphone only to learn that the store you are...]]></description>
										<content:encoded><![CDATA[
<p>If you have ever made a purchase after browsing on your smartphone only to learn that the store you are
                                    standing in does not stock that item, you will relate to how frustrating a non-omnichannel retail experience
                                    can be</p>
                                <p>In 2019, while 73% of customers use multiple channels during their shopping journey, only 7% shopped
                                    exclusively online and only 20% shopped exclusively in store (2). People are using more channels than ever
                                    when shopping.</p>
                                <p>These same people are expecting a close correlation, if not symmetry, between retail channels. In 2019 a
                                    non-omnichannel experience is frustrating, a smooth omnichannel experience is expected.</p>
                                <p>Despite the growth in the number and complexity of channels available, it is possible to meet customer
                                    expectations and provide an omnichannel approach regardless of the scale of the enterprise.</p>
                                <p>Below are three keys to this unified retail utopia that customers expect.</p>
                                <h2>Key one – Single Core Data Management System</h2>
                                <p>Everything that the customer sees, regardless of channel, originates in a central location of stored data.
                                    Good management and organization of this data adds crucial effectiveness to retail campaigns.</p>
                                <p>Data is never static. <span style="color: #1979ff"><u>Robust and flexible data management software</u></span> can
                                    incorporate real-time data from sources such as Enterprise Resource Planning (ERP), Product information
                                    management (PIM), Customer relationship management (CRM), Media Servers, and arrange it into a single data
                                    lake. It is then availablein statistical form providing key information to decision makers.</p>
                                <h2>Step two – The Unified Use of Data via All Channels</h2>
                                <p>Unified data storage is the foundation of a truly utopic omnichannel retail strategy. However, this is only
                                    effective if it truly reaches the customer through the channels they use. Customers who shopped after browsing
                                    three or more channels bought 250% more frequently than customers who only engaged with only one channel (1).</p>
                                <p>This is not only a case of channel usage. This is only true where a unified omnichannel approach was taken
                                    across the channels. A genuine omnichannel experience provides consistent branding, product recommendations,
                                    and relevant advertising campaigns across the channels.</p>
                                <p>A case in point is sports giant Nike. The Nike Runners Club mobile application (originally marketed as Nike+)
                                    boasts over 100,000 users. Members, who constitute a target audience, are often daily users of the app, see
                                    consistent message and branding whether in fabulously designed brick and mortar stores, social media or
                                    website. This has contributed in Nike achieving top spot in the running shoe market (3).</p>
                                <h2>Step three – Learn, Learn, Learn</h2>
                                <p>An effective retail strategy requires the repeated efforts of marketers working closely to develop close
                                    synergy with the target audience over sometimes an extended period of time. In other terms, it is not easy to
                                    get retail strategies right immediately.</p>
                                <p>Data inflow must be carefully analysed to interpret the success of current campaigns and lessons learned must
                                    be applied to future endeavours. This requires more than storage. It requires a complete array of analytical
                                    tools and a display that is easily understood and readable by decision makers.</p>
                                <h2>Conclusion – CTA</h2>
                                <p>A house is only as stable as the foundation it is laid upon. A successful omnichannel strategy is likewise built
                                    upon a solid data infrastructure.</p>
                                <p>Omnichannel cloud data management middleware that is both robust and flexible such as
                                    <a href="https://shopihq.store/product-cloud.html" target="_blank" rel="noopener">Cloud, as developed by Shopi</a> can provide such as basis.
                                    Harness the power of omnichannel and provide the unified front that your customers expect.</p>



<div class="reference">
                                    <span class="reference-title">Reference:</span>
                                    <p>
                                        (1) <a href="https://www.clickz.com/onmichannel-marketing-automation-statistics-for-2019/231381-2/231381/" target="_blank" rel="noopener noreferrer">https://www.clickz.com/onmichannel-marketing-automation-statistics-for-2019/231381-2/231381/</a><br><br>
                                        (2) <a href="https://www.veeqo.com/blog/omnichannel-statistics-infographic" target="_blank" rel="noopener noreferrer">https://www.veeqo.com/blog/omnichannel-statistics-infographic</a><br><br>
                                        (3) <a href="http://www.gamification.co/2015/08/03/nike-building-community-and-competitive-advantage-with-gamification/" target="_blank" rel="noopener noreferrer">http://www.gamification.co/2015/08/03/nike-building-community-and-competitive-advantage-with-gamification/</a>
                                    </p>
                                </div>
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		<title>Key Omnichannel Solutions for success in 2019</title>
		<link>https://shopihq.shop/key-omnichannel-solutions-for-success-in-2019/</link>
					<comments>https://shopihq.shop/key-omnichannel-solutions-for-success-in-2019/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 01 Apr 2019 04:31:25 +0000</pubDate>
				<category><![CDATA[Retail Industry]]></category>
		<category><![CDATA[Digital Transformation]]></category>
		<category><![CDATA[Digitalization]]></category>
		<guid isPermaLink="false">https://shopihq.shop/?p=103</guid>

					<description><![CDATA[Industry leaders state that currently an impressive 86% of retail sales in the US take place in brick and mortar...]]></description>
										<content:encoded><![CDATA[
<p>Industry leaders state that currently an impressive 86% of retail sales in the US take place in brick and mortar
                                    store (1). The consumer of 2019 is more technologically enabled than ever before. 53 % of these sales are
                                    digitally influenced (1). This means that the average consumer is shopping with mobile device in hand. Perhaps
                                    they are weighing-up whether the benefit of physically trying-on clothing outweighs the wait at the check-out
                                    line, or whether the product is in stock since when purchasing online the item is always in stock.</p>
                                <p>Retailers are levelling the playing-field by matching the advantages of e-commerce in a brick-and-mortar
                                    location. They are employing omnichannel solutions to meet the expectations of consumers. Check out our list
                                    of 2019 consumer expectations and see how retailers can meet them.</p>
                                <h2>Well-equipped store assistance</h2>
                                <p>Statistics indicate what many are already assuming, that each new generation of consumers has a lower tolerance
                                    for traditional store delays and an expectation of service similar to that experienced in the online world.
                                    Customer fears regarding stock levels, long queues before payment, even delays in answering queries influence
                                    purchase decisions more than ever before. Technologies such as
                                    <a href="https://shopihq.store/product-assist.html" target="_blank" rel="noopener">Assist. by Shopi</a> are the solutions to these
                                    concerns. Electronic endless product aisles, mobile payment technology (mPOS), slick communication between
                                    staff, even fulfilment from other stock locations, is made possible by this simple application loaded to a
                                    smart device in the hands of a store assistant.</p>
                                <h2>Customer freedom</h2>
                                <p>Major retailers are recognizing the advantage in providing an autonomous shopping experience for consumers.
                                    Providing the opportunity for customers to enter, browse and purchase without human interaction does have
                                    advantages and has obvious parallels to the online shopping experience. Providing access to the entire range
                                    of products on HD screens with attractive, branded, real-time data is the foundation of this. Add to this the
                                    provision of self-checkout and you have the smooth purchase experience that Gen Z are expecting.
                                    <a href="https://shopihq.store/product-sign.html" target="_blank" rel="noopener">Sign. by Shopi</a> provides all this with integration to
                                    cloud data management technologies that mean that retailers benefit from each touch and transaction customers
                                    make.</p>
                                <h2>Frictionless omnichannel</h2>
                                <p>The smooth consumer omnichannel experience is becoming more absolute each year. The key to providing the
                                    seamless experience that the customer expects is technology that unifies all retail technologies in a company.
                                    Middleware that is robust and communicates with other technologies will allow the retailer instant access to
                                    key data and the absolute ability to deploy this data at enterprise scale. Historically speaking, data from
                                    E-commerce, CRM and even physical stores has been siloed and managed separately. Now, however, technologies
                                    such as <a href="https://shopihq.store/product-cloud.html" target="_blank" rel="noopener">cloud. by Shopi</a> unify this data and allow the
                                    retailer to centralize and deploy it. Data accrued from everything from purchases to returns are unified,
                                    regardless of the channel it was received from, providing the perfect omnichannel experience.</p>
                                <h2>Unified approach</h2>
                                <p>Gen Z shoppers are more interested in experiences and environments than any other generation. Key decision-makers
                                    are educated by data acquired by in-store touch points and e-commerce transactions. They are then in the best
                                    position to make top-down decisions regarding everything from store layout to the roll-out of new technology
                                    to provide these experiences. <br> <a href="https://shopihq.store/product-cloud.html" target="_blank" rel="noopener">Connect. by Shopi</a> is a
                                    smart data and content dashboard, especially designed for marketing and business teams at decision making
                                    level. It uses data gathered by products such as sign. and cloud. to provide key insights to the behavior of
                                    both retail locations, and customer behavior. The same data is available for utilization with software&#8217;s
                                    proprietary task management functionality. This keep marketing and sales teams up-to-date and gives them the
                                    ability to direct content decisions, manage branding and communicate instantly across the company.</p>
                                <p>It&#8217;s clear that the future of retail is close cooperation between the physical and the online. Rather than
                                    resist the inevitable, embracing the technological expectations of consumers gives retailers key advantages.
                                    It allows them to consistently and accurately learn who their consumers are and how to build the most mutually
                                    beneficial relationship possible with them. The range of omnichannel solutions available at <br>
                                    <a href="https://shopihq.store/services.html" target="_blank" rel="noopener">shopihq.shop/services</a> is second to none in meeting the
                                    expectation of customers entering stores, regardless of their generation.</p>



<div class="reference">
                                    <span class="reference-title">Reference:</span>
                                    <p>
                                        (1) <a href="https://www.forbes.com/sites/jasongoldberg/2018/11/26/the-future-of-brick-and-mortar-retail-is-mobile/#101a8a5246ba" target="_blank" rel="noopener noreferrer">https://www.forbes.com/sites/jasongoldberg/2018/11/26/the-future-of-brick-and-mortar-retail-is-mobile/#101a8a5246ba</a>
                                    </p>
                                </div>
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		<title>What will 2019 mean for retailers?</title>
		<link>https://shopihq.shop/what-will-2019-mean-for-retailers/</link>
					<comments>https://shopihq.shop/what-will-2019-mean-for-retailers/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 11 Jan 2019 04:26:49 +0000</pubDate>
				<category><![CDATA[Retail Industry]]></category>
		<category><![CDATA[Omni Channel]]></category>
		<guid isPermaLink="false">https://shopihq.shop/?p=99</guid>

					<description><![CDATA[Brick and Mortar stores continue to hold their own in the retail world. Statistics indicate that far from abandoning physical...]]></description>
										<content:encoded><![CDATA[
<p>Brick and Mortar stores continue to hold their own in the retail world. Statistics indicate that far from
                                    abandoning physical retail stores, they are seen as complimentary to other channels. 2019 will be a year of
                                    competition, not between retail channels, but between retailers using these channels.</p>
                                <p>Retailers who can think digital-first and employ digital solutions effectively in physical locations will be
                                    crowned champions. When it comes to keeping ahead of the competition with technology, what will be the key areas
                                    for retailers?</p>
                                <h2>“Retail is not back&#8230; It never went away”</h2>
                                <p>2017-18 was the period in which retailers linked together channels to create a unified approach to retail. What
                                    will consumer expectations be in 2019? They will expect a mature and seamless omnichannel experience.</p>
                                <p>Although retail options in the form of social media will continue to grow, the main channels will become more and
                                    more established, with yes, brick and mortar stores playing a seemingly irremovable role.</p>
                                <p>This is seen by the younger demographic of 18-21 year olds (known often as Generation-Z) using multiple channels in
                                    purchase and returns. One major 2018 omni-channel retail report noted (1) that when making returns 21% of 18-21
                                    year olds prefer to return an item to an offline physical location, even when the original purchase was made from
                                    a heavily online-oriented retailer such as Amazon.</p>
                                <p>In fact, 30% of all ages surveyed stated that they will take items to a physical location to make the return and
                                    then take the opportunity to browse further items in that physical location.</p>
                                <p>Omnichannel technologies will make purchase, collection and return simple and easy for the consumer. Online
                                    purchases collected in a physical store expected to play a major role as consumers take advantage of shorter
                                    shipping times.</p>
                                <p>Stock availability will also be a key area. The concept of stock unavailability in a retail store or the words
                                    “we don’t carry that here” should no longer be heard in retailers thanks to digital cataloguing. Omnichannel
                                    technologies give the consumer access to the entire range of products.</p>
                                <p>Simply put, consumers of 2019 are expecting seamless purchase and fulfilment regardless of the channels they choose
                                    to use.</p>
                                <h2>Experiences count, not things</h2>
                                <p>Retailers are gaining experience with hardware and internet-connected technologies to provide far more than a sales
                                    shelf. The buzz word of “experiences” is expected to take center-stage in 2019. Although the employment of
                                    technologies such as augmented reality may not be installed in every store, improved personal interactions with
                                    customers in store will be realized.</p>
                                <p>Retailers are expected to improve in providing a context or background story for the items they provide. Retailers
                                    will employ quality hardware and excellent cloud data management to gather the data regarding customer preferences
                                    and lifestyles and then paint an appealing picture with the results.</p>
                                <p>Customers may fall into demographics, but individuals do not fit into boxes. The experience that appeals to a city
                                    office worker will not appeal to a person working in the education sector or a parent caring for children – even
                                    though they may be shopping in the same retail outlet.</p>
                                <p>Clientelling tools that provide a personal electronic interface and bespoke follow-up will provide a distinct
                                    narrative for each person and thus an experience that will appeal to each individual.</p>
                                <p>Consumers are more empowered than ever in using multiple channels when making retail and return choices. It is a
                                    salient point that the responsibility is on retailers to provide the most efficient and appealing service possible
                                    through each of these channels.</p>
                                <p>Unified data management via cloud software, robust middleware software to employ that data, and clientelling tools
                                    to maximize the relationship with the client are some of the tools available from shopihq.shop to keep you
                                    ahead of the competition in 2019.</p>



<div class="reference">
                                    <span class="reference-title">Reference:</span>
                                    <p>
                                        (1) <a href="https://www.bigcommerce.com/blog/omni-channel-retail/#the-brick-and-mortar-benefit-returns" target="_blank" rel="noopener noreferrer">https://www.bigcommerce.com/blog/omni-channel-retail/#the-brick-and-mortar-benefit-returns</a><br><br>
                                        (2) <a href="https://www.bigcommerce.com/blog/omni-channel-retail/#why-us-consumers-shop-where-they-shop" target="_blank" rel="noopener noreferrer">https://www.bigcommerce.com/blog/omni-channel-retail/#why-us-consumers-shop-where-they-shop</a>
                                    </p>
                                </div>
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		<title>Digitalize Your Transactions: End queuing forever because it is hurting your business more than you realize</title>
		<link>https://shopihq.shop/digitalize-your-transactions-end-queuing-forever-because-it-is-hurting-your-business-more-than-you-realize/</link>
					<comments>https://shopihq.shop/digitalize-your-transactions-end-queuing-forever-because-it-is-hurting-your-business-more-than-you-realize/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 31 May 2018 04:06:39 +0000</pubDate>
				<category><![CDATA[Retail Industry]]></category>
		<guid isPermaLink="false">https://shopihq.shop/?p=87</guid>

					<description><![CDATA[So the story goes that in the years during the skyscraper construction boom in New York, USA, People were struggling...]]></description>
										<content:encoded><![CDATA[
<p>So the story goes that in the years during the skyscraper construction boom in New York, USA, People were struggling
                                    to adjust to climbing to higher floors than ever before. Interestingly, the distance was not the problem. The wave of
                                    complaints centered around either the delay encountered before entering the elevator or the time taken when traveling
                                    in the elevator was too much. The solution? Building managers all over New York installed large mirrors in and around
                                    the elevators. The hope was that the travelers would be momentarily distracted enough by their own, or others,
                                    appearance. And that by the time they recovered from this distraction, the elevator would have arrived. It worked.
                                    However, this story illustrates in principle the two-fold problem faced by retailers globally.</p>
                                <p><span>1: People hate waiting in line.</span></p>
                                <p><span>2: Time spent waiting in line is perceived to pass more slowly, and torturously, than the times when we are
                                active, and our minds are employed.</span></p>
                                <p>The sum of the two points above is very real scenario for retailers. One survey indicated that almost 40% of people
                                    have abandoned items they intended to purchase in store because of despair in perceived long queues. How long is
                                    perceived to be long?</p>
                                <blockquote><p>Approximately 25% of people stated that 5 minutes is their personal maximum waiting time.</p></blockquote>
                                <p>Make no mistake, shoppers do take this opportunity to vote with their feet. In Britain, where queuing is loved and
                                    applied with military precision, it is said that <strong>excessive queuing leads to 20.65 million missed sales
                                        opportunities every year.</strong> Customers are all too happy to gamble that high street competitors will have a
                                    shorter waiting time or that researching the item online is preferred to an oppressive in-store queuing experience.</p>
                                <p>Since the mirror mounting craze of the 1950’s that we discussed earlier, many solutions have been suggested for
                                    managing expectations of waiting customers. These imperfect approaches can be broadly split into three categories:</p>
                                <p><strong>Staff-power</strong> <br>
                                    The theory that more personnel and cash registers mean faster customer processing time. Correct! However, during
                                    non-peak times it results in salaried staff that are generally under-employed. This is by far the most expensive
                                    solution and one that leaves staff feeling somewhat purposeless in during hours of low trade.</p>
                                <p><strong>Engagement</strong> <br>
                                    The theory that more personnel and cash registers mean faster customer processing time. Correct! However, during
                                    non-peak times it results in salaried staff that are generally under-employed. This is by far the most expensive
                                    solution and one that leaves staff feeling somewhat purposeless in during hours of low trade.</p>
                                <p><strong>Deceit</strong> <br>
                                    Not as evil as it sounds. This is widely employed by larger retailers such as Disney. They are very happy to
                                    exaggerate waiting times, meaning that customers wait for less time than expected and are pleased by the moments
                                    that they appear to have saved. Yet this method relies on the customer accepting a longer exaggerated queuing
                                    time from the beginning.</p>
                                <p>The most innovative solution, and perhaps the only one which truly addresses the problem of queuing is the
                                    digitalization of customer processing. The transferral of most POSs from the cash register to the customer itself.</p>
                                <p>Consider a customer who enters a clothing store. She finds an item to purchase, consults with a store assistant. She
                                    then groans at the thought of queuing for a perceived eternity. She is then informed that the store assistant whom
                                    she consulted with, and who is standing in front of her, can process the transaction instantly. The customer than
                                    uses the time saved to browse other items, safely assured that she can purchase them just as easily and quickly.</p>
                                <p>It should not surprise us that the biggest and most successful retail corporation in the world is already championing
                                    this approach. Boasting a $50 billion-dollar turnover, Apple has indeed become the master of que-cutting by utilizing
                                    roving transactions within its stores. However, interestingly, more than just expedited transactions and happier
                                    customers result. Apple also reports better use of floor space in-store due to the removal of high-footprint cash
                                    registers, and better customer relations, since the store-assistants are not hidden behind registers but free to
                                    approach customers.</p>
                                <p>The next level of roving transaction technology is currently being marketed: Shopiassist &#8211; the mobile application
                                    that instantly processes customer transactions. Shopisign: the in-store digital catalogue with functionality that
                                    allows for purchases instantly or later via an SMS with your mobile device.</p>
                                <p>Abandoned carts and hellish queuing experienced are a thing of the past with roving transactions and empowered
                                    store assistants.</p>



<div class="reference">
                                    <span class="reference-title">Reference:</span>
                                    <p>
                                        (Skyscraper boom) <a href="http://www.slate.com/articles/business/operations/2012/06/queueing_theory_what_people_hate_most_about_waiting_in_line_.html?via=gdpr-consent" target="_blank" rel="noopener noreferrer">http://www.slate.com/articles/business/operations/2012/06/queueing_theory_what_people_hate_most_about_waiting_in_line_.html?via=gdpr-consent</a><br><br>
                                        (Apple roving transactions) <a href="http://www.businessinsider.com/apple-point-of-sale-2012-11" target="_blank" rel="noopener noreferrer">http://www.businessinsider.com/apple-point-of-sale-2012-11</a><br><br>
                                        (Queueing) <a href="https://www.ipsos-retailperformance.com/resources/blog/why-queuing-is-the-new-battleground-for-retailers/" target="_blank" rel="noopener noreferrer">https://www.ipsos-retailperformance.com/resources/blog/why-queuing-is-the-new-battleground-for-retailers/</a>
                                    </p>
                                </div>
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		<title>Shopping, a Mix of Emotions and Expectations</title>
		<link>https://shopihq.shop/shopping-a-mix-of-emotions-and-expectations/</link>
					<comments>https://shopihq.shop/shopping-a-mix-of-emotions-and-expectations/#respond</comments>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 07 May 2018 08:39:55 +0000</pubDate>
				<category><![CDATA[Retail Industry]]></category>
		<guid isPermaLink="false">https://shopihq.shop/?p=83</guid>

					<description><![CDATA[We do miss “mom and pop” stores for sure. We miss the emotions they triggered, we miss the experience, we...]]></description>
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<p>We do miss “mom and pop” stores for sure. We miss the emotions they triggered, we miss the experience, we miss the fact that there were once places that knew who we were, what we liked, what kind of ice cream flavor we preferred.</p>
<blockquote>
<p>The times have changed, so have the stores and so have we; the humans, the shoppers.</p>
</blockquote>
<p>Yet shopping today is still an emotional issue although in the given industrial ecosystem, it might, from time to time, seem that it has lost anything to do with feelings. Brands tend to think about feelings when it comes to advertising and when they try getting the shopper in the store. But what about once the shopper steps in the store? What then? Are we able to provide her with any kind of emotional experience. Unless, the store the shopper steps in is of the “premium” kind, the experience she is going to get is pretty straight forward; a concise interaction with the sales associate. If the interaction is a positive one, the odds are such that it will turn into a purchase.</p>
<p>However, <strong>new shoppers are extremely talented in terms of their search and comparison capabilities</strong>, therefore when they interact with a sales associate, they want more than a mere yes/no interaction. They want to see that the associate is also as talented. They want to <strong>encounter both the emotional satisfaction of interaction with a human being and the technical capabilities that a digital shopping experience enables.</strong></p>
<p><strong>In today’s highly volatile and competitive economic environment, it is critical that brands are equipped with tools to give the best of both realms, the emotional aspect of the physical and the technological superiority of the digital.</strong> It’s almost imperative for brands to address the emotions and expectations of the next generation shoppers. The question is how they are going to do this.</p>
<p>Shopi integrates physical retail world to digital experiences, however the emphasis of experience in all its products is such that it centralizes interaction between the customer and the brand that may occur in various forms. This emphasis stems from the very fact that emotions still constitute the core of shopping activity.</p>
<p>Interaction between the customer and the sales associate or the product or the store in general is an important one to be developed.</p>
<p>It’s that moment when a shopper goes into a store, likes a product but can’t find the right size and it’s that moment when she asks if what she wants is available in the right color and the sales associate has to disappear for a while to go the storage to see if it’s actually in stocks or not?</p>
<p>It is also that moment when a shopper goes into the store to get the newest phone possible and the only thorough information she can get is online and not in the store and that moment when a long register line seems too much to handle or that heavy stroller that she really likes is too heavy to carry.</p>
<p>Those moments of disappointment and deciding not to purchase are exactly what we should be thinking of eliminating as technology partners. Those feelings that occur during those inadequate experience are the ones to be replaced with new and positive ones and the good news is that we are working hard to achieve that.</p>
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