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Shopper Tech Update                     May 24, 2012 - Volume 3, Issue 10

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In This Issue
MOBILE MARKETING: Five Ways Mobile Technology Is Changing Consumer-to-Brand Relationships
TRADE PROMOTION: Best Practices for Dealing with Invoice Deductions
STI NEWS: Center for Advancing Retail & Technology Joins Shopper Technology Institute
MARKET WATCH

 

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Mobile Marketing

Android Smartphone 

Five Ways Mobile Technology Is Changing Consumer-to-Brand Relationships

 

Mobile technology is creating a seminal change in the way retailers and brands interact with shoppers. Given the numerous retail options available to consumers, merchants are beginning to realize the important role mobile technology can play in establishing and maintaining brand loyalty. With many of today's point-of-sale (POS) terminals supporting touchless NFC (Near-Field Communications) transactions, brands and retailers are increasingly connecting and engaging with consumers via smartphones and tablets - that is, mobile wallets. For the first time, the communications channel and the payment mechanism are the same.

 

"By leveraging predictive analytics, which uses vast amounts of Big Data to anticipate consumer behavior, brands and retailers are winning new customers and cultivating loyalty by providing consumers with truly personalized offers, precisely timed communication, hyper-relevant deals, and unprecedented convenience via their mobile devices," said Robin Green, senior partner, FICO.

 

Green lists five ways mobile technology is changing the consumer-to-brand relationship...

 

read entire story

 

 

Trade Promotion

Faucet Leaking Money 

Best Practices for Dealing with Invoice Deductions

 

Invoice deductions are a necessary evil for consumer packaged goods companies. They take time, cost money, but are a part of doing business with retailers. The best vendors have learned to cut their losses by setting up clear policies and maintaining constant communications with customers, including persistent calls for payments.

 

"Deductions are going to happen. The main thing is to minimize them, and minimize the unauthorized deductions," says John Maggiore, principal, Maggiore's Sales & Marketing. Companies spend a lot of time on deductions - "It really is a time hog," he said in a presentation at TPM That Rocks: 2012 MEI User Conference this month in Cleveland...

read entire story

 

 

STI News

 

CARTCenter for Advancing Retail & Technology Joins Shopper Technology Institute

      

The Shopper Technology Institute welcomes the Center for Advancing Retail & Technology (CART) as an alliance partner.

 

CART brings the Retail 3.0 vision to a live retail environment and educational center. Its mission is to enhance industry learning through hands-on, behind-the-scenes views into new and forthcoming technologies and discussion focused on changing business practices.

 

"I look forward to working with STI on programs that will benefit both organizations, as well as increasing the awareness and practical use of new technologies by retailers and manufacturers," said Gary Hawkins, Chairman and Founder, CART.

 

Hawkins will be a keynote speaker at STI's 4th annual LEAD Marketing Conference, Oct. 1-3 at the Westin O'Hare in Chicago (www.leadmarketingconference.com).

 

For more information about CART, visit www.advancingretail.org.

 

 

Market Watch

    

Spire Develops New Approach to Customer Segmentation

 

The Loyalty Leap Hits Best-Seller Lists in First Week

 

Deeper Insight, More Efficiency for Online Advertising Available

 

McKesson, eBay, Peapod.com in Keynotes at GS1 Connect Conference

 

Smart Balance Awarded for Effective Trade Promotion Technology

 

More Smartphone Users Redeem Coupons on Their Device

 

Grocery Execs Underestimate Online Research in Path to Purchase

 

Foodies Flock to Smartphone Apps, Social Media

 

Nine Out of Ten Shoppers Make Impulse Purchases

 

 

Shopper Technology Institute Sponsoring Members 

 

PREMIUM MEMBERS

HRCP

Henry Rak Consulting Partners

GfK

GfK

 

MEI

TradeInsight Powered by MEI

IBM

IBM

Precima

Precima

  

 

 

 

EXECUTIVE MEMBERS

PILM

Partners in Loyalty Marketing

 
Inmar

Inmar

VideoMining

 

Video Mining

KSS Retail

KSS Retail

Vision Critical
Vision Critical

 

 

 

 

 

 

 

 BASIC CORPORATE MEMBERS                                              ALLIANCE PARTNERS

 

Coupon Factory              Incentive Targeting                          Center for Advancing Retail &Dassault Systemes        Launch Creative Marketing                Technology (CART)

DemandTec                    Loyalty Kiosk                                    CPGmatters

DS-IQ                              Newhook Marketing                          Primary Communications

Gladson                          Relational Solutions

GS1 US                           Spire