Apple (with iOS) and Google (with Android) have been both successful in the smartphone market because they invested huge resources fostering a robust platform/ecosystem of partners and developers built on symbiotic relationships.
It’s this robust platform/ecosystem that is so attractive to Consumers, because it fuels the following virtuous-cycle:
1) more partners/developers create more functionalities that make the platform/ecosystem more attractive to final-users Continue reading
Why does a Retail Technology Vendor/Solution-provider have VARs?
Because so it can save precious resources.
Customer acquisition (in a word, SELLING) is very difficult in the retail tech market mainly because:
- it has very long sales-cycles – that is, it’s very, very time consuming and expensive
- it doesn’t scale – to sell more, you need more Sales-people
Additionally, Continue reading
Nordstrom executive says online sales can rise to 50% of total soon.
Source: Here’s why Nordstrom says online sales can hit 50% of the company total.
This year Black Friday falls on November 24.
To help retailers prepare to gear up for the big day, Periscope By McKinsey conducted its second annual research into consumer expectations surrounding Black Friday, including whether consumers intend to shop and, if so, their motivations for doing so as well as their desired shopping channel. What follows are some of the top-level findings from the research. By Channie Mize, General Manager for Retail, Periscope® By McKinsey
Source: What’s “In Store” For Retailers This Black Friday?
Retailers are struggling to accurately predict their earnings, which has implications for their business management.
Source: Retail earnings misses back to levels last seen in Great Recession