Retailers Increase Focus on AI, Social Media, and Discounts as Gen …

Sep 16, 2024 · Fiverr has released new research showing that retailers are intensifying their focus on AI, social media, and discounts as they gear up for the 2024 holiday season. The study, conducted in partnership with Censuswide, surveyed over 2,500 consumers and more than …

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Retailers Focusing On AI, Social Media, And Deep Discounts

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Sep 23, 2024 · In addition to social media, retailers plan to: Over 80% of businesses offer discounts, compared to 55% last year Customers want good deals (42%), free shipping (32%), …

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71% Of Consumers Want Generative AI Integrated Into Their …

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1 day ago · More than half (58%) have replaced traditional search engines with Gen AI tools as their go-to for product/service recommendations. 68% of consumers want Gen AI tools to …

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How Retailers Are (actually) Driving Revenues With Generative AI

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Sep 29, 2023 · Retailers in the U.S. and Europe are achieving a 3-5% increase in online sales within a few weeks by applying Motivation AI at this critical stage in the customer journey.

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Retailers: How AI Can Address Gen Z Ecommerce Trends - AI …

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Sep 4, 2024 · Among Gen Z respondents, though, 37% both research and buy products on social media. Coveo found that while 40% of Gen Zers research products on social media before …

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71% Of Consumers Want Generative AI Integrated Into Their

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Jan 9, 2025 · 1 Harnessing the value of generative AI- 2nd edition: top use cases across sectors2 A retail media network is a retailer-managed advertising platform across owned channels …

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IBM Study: AI Spending Expected To Surge 52% Beyond IT Budgets …

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Jan 7, 2025 · A new global study from the IBM Institute for Business Value found that surveyed retail and consumer product executives are dramatically shifting their focus toward artificial …

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Capgemini: How Gen AI Is Driving Consumers Away From Search

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Jan 9, 2025 · Social commerce platforms have become central to product discovery, with over 50% of consumers finding new products through social media, an increase from 32% in …

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71% Of Consumers Want Generative AI Integrated Into Their …

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Jan 10, 2025 · More than half (58%) have replaced traditional search engines with Gen AI tools as their go-to for product/service recommendations. 68% of consumers want Gen AI tools to …

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FAQs about Retailers Increase Focus on AI, Social Media, and Discounts as Gen … Coupon?

How can Gen AI help a retail business?

Retailers we spoke with have already piloted gen AI use cases within their internal value chains, and some are even beginning to scale gen AI solutions. Gen AI can help streamline operations, allowing leaders to make faster, better-informed decisions across retailers’ internal value chains. ...

How generative AI can help retailers increase online sales?

Retailers in the U.S. and Europe are achieving a 3-5% increase in online sales within a few weeks by applying Motivation AI at this critical stage in the customer journey. This seemingly modest uptick in sales equates to millions for some brands. It’s the epitome of applying generative AI for effectiveness. ...

How can Gen AI Impact the retail value chain?

Gen AI has the potential to boost productivity and efficiency along each step of the retail value chain, including in marketing, commercialization, distribution, and back-office work (Exhibit 1). Retailers can start to realize gen AI’s impact across the value chain through quick-win use cases. ...

How can AI help a retailer increase revenue?

Bain found these use cases at scale have the potential to increase a retailer’s revenue by 5-10% overall. Underscoring this point is research from Bain showing consumers trust AI for personalized shopping recommendations more than any other use case they were asked about. Automated marketing content generation ...

How will artificial intelligence impact retailers' earnings calls?

Mentions of artificial intelligence (AI) in retailers’ earnings calls soared last year—which was no surprise, given that gen AI is poised to unlock between $240 billion to $390 billion in economic value for retailers, equivalent to a margin increase across the industry of 1.2 to 1.9 percentage points. ...

How will generative AI Impact retailers in 2023?

In 2023 we’ve seen the widespread emergence and adoption of generative AI across sectors. For retailers, there are many opportunities to leverage this technology to better understand and engage with customers through marketing strategies that will earn them higher revenue and stronger, more loyal customer relationships. ...