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RETAIL’S
RESET
MOMENT
PREPARING FOR THE
OMNICHANNEL ERA
INFINITE RETAIL POWERTM
I N F I N I T E R E TA I L P O W E R ™
Everyone’s Talking About Omnichannel .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 2
Consumers’ Expectations Are Driving Radical Changes .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 3
The Digital Consumer .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 4
Shopping Behavior Has Changed Forever.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 5
Your Consumers Are Calling The Shots.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 6
The Omnichannel Phenomenon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
You Can’t Ignore This Massive Impact On Your Bottom Line.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 8
The Solution .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 9
Sourcing .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 10
Item Management .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 11
Transactions.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 12
Analytics .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 13
Are You Ready?.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 14
TABLE OF CONTENTS
This e-book is published by
SPS Commerce, a leader in
enterprise retail cloud services.
Find more resources at
www.spscommerce.com
@sps_commerce
I N F I N I T E R E TA I L P O W E R ™
RETAILERS AND SUPPLIERS
MUST NOW CREATE A
CONSISTENT BRAND EXPERIENCE
ACROSS EVERY SHOPPING CHANNEL,
WHETHER IN-STORE OR ONLINE
EVERYONE’S TALKING ABOUT
OMNICHANNEL
2. Retail’s Reset Moment
I N F I N I T E R E TA I L P O W E R ™
3. Retail’s Reset Moment
CONSUMERS’ EXPECTATIONS
A R E D R I V I N G R A D I C A L C H A N G E S
TRADING PARTNERS MUST BE MORE
EFFICIENT COMPETITIVE KNOWLEDGEABLE
ABOUT THEIR CUSTOMERS TO WIN
A NEW BREED OF SHOPPER.
I N F I N I T E R E TA I L P O W E R ™
4. Retail’s Reset Moment
>> Equipped with knowledge about competitors,
pricing and products
>> Expects immediate access to limitless options
>> Demands speed and accuracy
>> Armed with the tools to buy anytime, anywhere
THE DIGITAL CONSUMER
I N F I N I T E R E TA I L P O W E R ™
1. RSR Retail Insight Report: The Impact of Omni-Channel Trends for 2014 and Beyond, October 2013.
2. IDC Retail Insights, “Business Strategy: At Hand Versus In Hand,” November 2012.
3. Vision Critical, “From Social to Sale,” July 2013.
M O B I L E :
P O W E R I N T H E I R H A N D S
>> Retailers and suppliers predict that
> 10% of sales will come from mobile
in 20141
>> By 2017, 78MM shoppers will see and
touch product in store, then search for
better deals via mobile2
S O C I A L M E D I A:
S E E K I N G D E A L S A N D I N F O
>> Two-thirds of Facebook users like
brand pages to receive offers3
>> Social drives online AND in-store
purchases — at equal rates
SHOPPING BEHAVIOR
H A S C H A N G E D F O R E V E R
5. Retail’s Reset Moment
I N F I N I T E R E TA I L P O W E R ™
6. Retail’s Reset Moment
YOUR CONSUMERS
A R E C A L L I N G T H E S H O T S
THEYEXPECT IMMEDIATE AVAILABILITY 85%
THEYEXPECT IMMEDIATE SHIPPING 85%
THEYEXPECT COMPETITIVE PRICING 82%
65%THEYEXPECT MORE PRODUCTVARIETY
60%THEYEXPECTTO BUYONLINE AND
RETURN IN-STORE
I N F I N I T E R E TA I L P O W E R ™
7. Retail’s Reset Moment
Consumers research,
compare prices and
shop on different
platforms, but expect
your brand to deliver
a seamless experience.
THE OMNICHANNEL PHENOMENON
I N F I N I T E R E TA I L P O W E R ™
4. RSR, “Omni-Channel 2013: The Long Road to Adoption,” 2013.
After the economy,
consumer purchasing
expectations are
the biggest external
force impacting retail
businesses in the next
five years.
YOU CAN’T IGNORE THIS
M A S S I V E I M P A C T O N Y O U R B O T T O M L I N E
47%OF RETAILERS SAY MULTI-
CHANNEL SHOPPERS ARE
MORE PROFITABLE
THAN SINGLE-CHANNEL4
THE GOOD
NEWS?
8. Retail’s Reset Moment
I N F I N I T E R E TA I L P O W E R ™
TRANSACTIONSSOURCING
9. Retail’s Reset Moment
THE SOLUTION
INVEST IN TECHNOLOGY THAT SUPPORTS
THE FOUR PILLARS
OF OMNICHANNEL RETAIL…
AND THRIVE IN OUR NEW
CONSUMER-DRIVEN WORLD.
ITEM MANAGEMENT ANALYTICS
I N F I N I T E R E TA I L P O W E R ™
10. Retail’s Reset Moment
RETAILERS AND SUPPLIERS
NEED TO QUICKLY
FORM TRADING PARTNER
RELATIONSHIPS
THAT ALLOW THEM TO DELIVER
ON CUSTOMER DEMAND.
RETAILERS
SUPPLIERS
1 SOURCING
I N F I N I T E R E TA I L P O W E R ™
11. Retail’s Reset Moment
TO WIN IN OMNICHANNEL
AND MEET CONSUMER DEMAND
FOR THE ENDLESS AISLE,
RETAILERS NEED
COMPREHENSIVE AND
UP-TO-DATE PRODUCT
INFORMATION
FROM THEIR SUPPLIERS.
ARE FLEXIBLE
AFFORDABLE
CENTRALIZED
SERVICES
ITEM MANAGEMENT
2 ITEM MANAGEMENT
I N F I N I T E R E TA I L P O W E R ™
12. Retail’s Reset Moment
ELECTRONIC, IMMEDIATE COMMUNICATION
WITH TRADING PARTNERS IS PROVEN TO
OPTIMIZE INVENTORY
AND FORECASTS
MINIMIZE
DISRUPTION
AND
3 TRANSACTIONS
I N F I N I T E R E TA I L P O W E R ™
13. Retail’s Reset Moment
WITH CONSUMER BEHAVIOR
DRIVING YOUR BUSINESS,
REAL-TIME INSIGHT
INTO SALES AND
INVENTORY DATA
IS MORE CRITICAL THAN EVER.
4 ANALYTICS
I N F I N I T E R E TA I L P O W E R ™
14. Retail’s Reset Moment
A R E Y O U R E A D Y F O R
THE ERA OF OMNICHANNEL?
Twitter YouTube LinkedIn | P. 612-435-9400 | spscommerce.com
LE A R N H OW TO
B U I L D A M O R E
NIMBLE SUPPLY CHAIN
AND WIN WITH TODAY’S CONNECTED CONSUMER
Read RSR Retail Insight: The Impact of Omnichannel
Trends for 2014 and Beyond

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Retail's Reset Moment

  • 2. I N F I N I T E R E TA I L P O W E R ™ Everyone’s Talking About Omnichannel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Consumers’ Expectations Are Driving Radical Changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 The Digital Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Shopping Behavior Has Changed Forever. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Your Consumers Are Calling The Shots. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 The Omnichannel Phenomenon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 You Can’t Ignore This Massive Impact On Your Bottom Line. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 The Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Sourcing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Item Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Transactions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Analytics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Are You Ready?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 TABLE OF CONTENTS This e-book is published by SPS Commerce, a leader in enterprise retail cloud services. Find more resources at www.spscommerce.com @sps_commerce
  • 3. I N F I N I T E R E TA I L P O W E R ™ RETAILERS AND SUPPLIERS MUST NOW CREATE A CONSISTENT BRAND EXPERIENCE ACROSS EVERY SHOPPING CHANNEL, WHETHER IN-STORE OR ONLINE EVERYONE’S TALKING ABOUT OMNICHANNEL 2. Retail’s Reset Moment
  • 4. I N F I N I T E R E TA I L P O W E R ™ 3. Retail’s Reset Moment CONSUMERS’ EXPECTATIONS A R E D R I V I N G R A D I C A L C H A N G E S TRADING PARTNERS MUST BE MORE EFFICIENT COMPETITIVE KNOWLEDGEABLE ABOUT THEIR CUSTOMERS TO WIN A NEW BREED OF SHOPPER.
  • 5. I N F I N I T E R E TA I L P O W E R ™ 4. Retail’s Reset Moment >> Equipped with knowledge about competitors, pricing and products >> Expects immediate access to limitless options >> Demands speed and accuracy >> Armed with the tools to buy anytime, anywhere THE DIGITAL CONSUMER
  • 6. I N F I N I T E R E TA I L P O W E R ™ 1. RSR Retail Insight Report: The Impact of Omni-Channel Trends for 2014 and Beyond, October 2013. 2. IDC Retail Insights, “Business Strategy: At Hand Versus In Hand,” November 2012. 3. Vision Critical, “From Social to Sale,” July 2013. M O B I L E : P O W E R I N T H E I R H A N D S >> Retailers and suppliers predict that > 10% of sales will come from mobile in 20141 >> By 2017, 78MM shoppers will see and touch product in store, then search for better deals via mobile2 S O C I A L M E D I A: S E E K I N G D E A L S A N D I N F O >> Two-thirds of Facebook users like brand pages to receive offers3 >> Social drives online AND in-store purchases — at equal rates SHOPPING BEHAVIOR H A S C H A N G E D F O R E V E R 5. Retail’s Reset Moment
  • 7. I N F I N I T E R E TA I L P O W E R ™ 6. Retail’s Reset Moment YOUR CONSUMERS A R E C A L L I N G T H E S H O T S THEYEXPECT IMMEDIATE AVAILABILITY 85% THEYEXPECT IMMEDIATE SHIPPING 85% THEYEXPECT COMPETITIVE PRICING 82% 65%THEYEXPECT MORE PRODUCTVARIETY 60%THEYEXPECTTO BUYONLINE AND RETURN IN-STORE
  • 8. I N F I N I T E R E TA I L P O W E R ™ 7. Retail’s Reset Moment Consumers research, compare prices and shop on different platforms, but expect your brand to deliver a seamless experience. THE OMNICHANNEL PHENOMENON
  • 9. I N F I N I T E R E TA I L P O W E R ™ 4. RSR, “Omni-Channel 2013: The Long Road to Adoption,” 2013. After the economy, consumer purchasing expectations are the biggest external force impacting retail businesses in the next five years. YOU CAN’T IGNORE THIS M A S S I V E I M P A C T O N Y O U R B O T T O M L I N E 47%OF RETAILERS SAY MULTI- CHANNEL SHOPPERS ARE MORE PROFITABLE THAN SINGLE-CHANNEL4 THE GOOD NEWS? 8. Retail’s Reset Moment
  • 10. I N F I N I T E R E TA I L P O W E R ™ TRANSACTIONSSOURCING 9. Retail’s Reset Moment THE SOLUTION INVEST IN TECHNOLOGY THAT SUPPORTS THE FOUR PILLARS OF OMNICHANNEL RETAIL… AND THRIVE IN OUR NEW CONSUMER-DRIVEN WORLD. ITEM MANAGEMENT ANALYTICS
  • 11. I N F I N I T E R E TA I L P O W E R ™ 10. Retail’s Reset Moment RETAILERS AND SUPPLIERS NEED TO QUICKLY FORM TRADING PARTNER RELATIONSHIPS THAT ALLOW THEM TO DELIVER ON CUSTOMER DEMAND. RETAILERS SUPPLIERS 1 SOURCING
  • 12. I N F I N I T E R E TA I L P O W E R ™ 11. Retail’s Reset Moment TO WIN IN OMNICHANNEL AND MEET CONSUMER DEMAND FOR THE ENDLESS AISLE, RETAILERS NEED COMPREHENSIVE AND UP-TO-DATE PRODUCT INFORMATION FROM THEIR SUPPLIERS. ARE FLEXIBLE AFFORDABLE CENTRALIZED SERVICES ITEM MANAGEMENT 2 ITEM MANAGEMENT
  • 13. I N F I N I T E R E TA I L P O W E R ™ 12. Retail’s Reset Moment ELECTRONIC, IMMEDIATE COMMUNICATION WITH TRADING PARTNERS IS PROVEN TO OPTIMIZE INVENTORY AND FORECASTS MINIMIZE DISRUPTION AND 3 TRANSACTIONS
  • 14. I N F I N I T E R E TA I L P O W E R ™ 13. Retail’s Reset Moment WITH CONSUMER BEHAVIOR DRIVING YOUR BUSINESS, REAL-TIME INSIGHT INTO SALES AND INVENTORY DATA IS MORE CRITICAL THAN EVER. 4 ANALYTICS
  • 15. I N F I N I T E R E TA I L P O W E R ™ 14. Retail’s Reset Moment A R E Y O U R E A D Y F O R THE ERA OF OMNICHANNEL? Twitter YouTube LinkedIn | P. 612-435-9400 | spscommerce.com LE A R N H OW TO B U I L D A M O R E NIMBLE SUPPLY CHAIN AND WIN WITH TODAY’S CONNECTED CONSUMER Read RSR Retail Insight: The Impact of Omnichannel Trends for 2014 and Beyond