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Retail Consumer Trends and Real-Time Feedback: Monitoring How Price Hikes Impact Market Sentiment

Lumoa

According to Deloitte’s Global State of the Consumer Tracker survey, 77% of retail consumers are concerned by the increasing prices of everyday products. Now, each retailer is tasked with determining the impact of price hikes on its own target audience and how this change compares to general retail consumer trends.

Retail 208
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Elevating Guest Experiences in Hotels with Integrated CX

InMoment XI

The coming year is no exception, as consumers across the globe plan to make travel a priority, despite ongoing economic uncertainty. According to a recent report, 81% of consumers plan to travel the same amount or more in 2024, compared to 2023. Instead, 71% of consumers expect personalization from the businesses they choose.

Hotels 260
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Revolutionizing Retail with AI-Driven Customer Experiences

InMoment XI

Retail consumers expect, and sometimes demand, experiences that are tailored to their unique needs and preferences. Efficiency Across All Touchpoints The way consumers interact with retailers (and want to interact with them) is evolving. This cuts down on wait- times, which is a top frustration among consumers.

Retail 260
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CX Challenges: How to Diagnose Organizational Silos at Your Company

InMoment XI

The term “organizational silos” refers to the condition in which different teams or departments within a company operate in complete isolation from one another. In today’s highly competitive business landscape, delivering exceptional customer experience (CX) is essential for any organization to remain relevant and successful.

Company 260
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Defining the Value of Customer Experience: A Guide for Creating CX ROI in A Constantly Changing World

Experience Investigators by 360Connext

The landscape of consumer expectations is constantly evolving, and understanding the value of customer experience has emerged as a cornerstone for businesses aiming to sustain growth and maintain a competitive advantage. And they will be rewarded for that focus on the customer!

ROI 260
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5 Simple Steps Retailers Can Take to Build Stronger Relationships with Customers

InMoment XI

In addition to generating more income from their own purchases, loyal customers are more likely to refer new customers to the brand, furthering the cycle of customer retention. While this may be true in some markets, many consumers are willing to pay more if they feel the price matches the product’s quality.

Retail 493
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The Complete Retail Customer Experience Guide

InMoment XI

With 93% of consumers reading reviews before making a purchase, and 58% of consumers being willing to drive further or pay more for a product with good reviews, a good customer experience and brand reputation management have never been more critical than it is today. What is the Retail Customer Experience?

Retail 260