Thursday, March 1, 2012

Social media measurement remains elusive, but growing influence is undeniable--STORES Weekly

STORES Weekly
March 1, 2012 Vol. 3, No. 9
STORES First Edition Sponsored by
Motorola Solutions
Social Gets Down to Business
Measurement remains elusive, but growing influence is undeniable
Experts are telling retailers to forego ROI metrics -- for now, at least -- and pointing out that investments in social media will yield deeper customer relationships. Still, skepticism remains. 

Hear No Evil
In social media, listening can be the difference
People are talking on social media, and retailers would do well to listen and then comprehend, assess and act -- failing to address social media sentiment can have risky ramifications.

Conversation Starters
Experts say it’s time to give social media a seat at the big kids’ table
Social media strategists are increasingly finding a spot in the executive circle -- not to mention newfound respect for all that time spent on Facebook, Twitter and LinkedIn.


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STORES Trends            
A Startup Retail Model -- A new venture in New York City’s Chelsea neighborhood aids fledgling product developers by giving them a place to tell their stories and display their wares.

A Blessing for Busy Gals? -- Thanks to modular clothing line Blessus, a casual dress can be converted into a work dress or an evening gown by adding different pieces via concealed zippers.

Card Carrying Loyalists -- A recent survey of U.S. consumers indicates that a large majority would likely choose a retailer over its competitor if they were members of the retailer’s loyalty program.
STORES Retail Deals  
Discount tool retailer Harbor Freight Tools has selected the Aldata Store Planning and analysis solution.

Online home goods retailer Wayfair has completed the implementation of Limelight Accelerate, the website acceleration solution from Limelight Networks, on Wayfair.com and Allmodern.com. 

The Home Furnishings Independents Association has selected TD Retail Card Services’ Renovate Card private label credit program for use by its 1,100 retail members nationwide.
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