By Lori Steele
This week, C-suite attendees representing all aspects of technology-fueled commerce will be convening at the IBM Smarter Commerce Global Summit in Nashville. Among the participants will be L’Oréal USA, with whom IBM is working on a three-year project for procurement services supported by an advanced cloud analytics solution to help transform the way L’Oréal USA buys from its large network of North American suppliers.
Over the years, L’Oréal USA has rapidly grown through both acquisitions and organically through its existing brands. With the new market advancement, the company’s ecosystem of suppliers and vendors has grown exponentially. In order to continue to realize more savings from procurement, L’Oréal USA needed its procurement workforce compliant with its spending processes to attain the best buying advantage. Continue Reading »
By Jill Puleri
These are crucial times for brick-and-mortar retailers as they evolve to put the consumer at the center of all that they do. Those that make good decisions are going to prosper; those who don’t are going to slip to the back.
Central to retailers’ ability to remain relevant is their response to the mobile opportunity. Mobile commerce is expected grow 115 percent over the next 12 months. Though the opportunity is clear, capitalizing on it is full of complexity as retailers integrate web sites and supply chains together with the numerous mobile devices that consumers are using to shop.
Just a few years ago, many retailers were working feverishly to push out shopping applications for mobile devices. There was good reason for the rush: tens of millions of consumers are jumping on the smart-phone band wagon and using them to shop. Continue Reading »
By Michael Haydock
Jewelry sales are set to shine this year and expected to grow more than 11 percent in the second quarter and nine percent overall this year, according to a new Big Data-based retail forecast from IBM.
According to the analysis, improved consumer confidence, lower unemployment and enhanced stock dividends from the fourth quarter of 2012 have combined to leave people ready to start spending on luxury items again, like jewelry.
In addition, key retailers are buttressing the economic landscape and driving sales by leveraging Big Data analytics to better understand and respond to customers and trends. Sterling Jewelers, for example, which owns the popular Jared and Kay brands, overhauled its digital channels to better respond to changing consumer preferences. The move led to an increase in online sales of 49 percent this past holiday season. Continue Reading »
By Joanna Brewer, Writer/Communications, IBM
Growing up in a military family, Keith Mercier‘s fashion choices were limited to what was available at the military base exchange. At age 12, his love of fashion hit him like a bolt of lightning in the form of a bright red, v-neck, cashmere Lacoste sweater.
Dubbing himself the “fashionisto,” Mercier says, “In the fashion business you have to think like a fashionista – a truly devoted follower of fashion – if you are going to surprise and delight them and keep them coming back.” Continue Reading »
By Zoran Lemut
Kemofarmacija is the leading wholesaler of healthcare products in Slovenia, offering customers more than 16,000 different products ranging from medicine and medical devices, to nutritional and cosmetic products. Though we have enjoyed the industry leadership position, we only recently began to fully exploit our online sales channel. It was an area that we knew required analysis and insight of our growing data volumes – our Big Data.
While more and more of our customers were looking to make their purchases online, our competitors were over taking us with more aggressive web-driven sales models. We were not maximizing opportunities for cross-selling or more targeted online marketing and on top of it all, our website was simply not easy to navigate. Our challenge was as simple as it was profound: update our online operation to meet the needs of the evolving market. Continue Reading »