A Decade of Retail Innovation: InContext Turns 10!
It's amazing how much can change in 10 years. Remember the year 2009, before we had Instagram, streaming video services, or Uber? There was no asking Alexa the weather, or listening to podcasts from your phone on the way to work. Yet it was that year that innovation in retail took a huge step forward, with the launch of virtual reality concept testing from a company called InContext Solutions.Read More
Missed us at CES 2019? Here’s a taste of what went down.
The Consumer Electronics Show is one of the largest, most influential, and most anticipated technology events in the world. Among the robots, flying cars and meatless hamburgers, CES 2019 also showcased the best and most innovative in retail technology within the High Tech Retailing Summit. So of course InContext was pumped to join in the fun.Read More
Looking Back: How Tech Influenced Retail in 2018
With each day that passes, exciting technologies are creating disruption in the world we live in. As they say, the rate of technological innovation grows exponentially, and we’ve seen the proof of that in how many things have changed just in the past decade. What used to seem like science fiction—such as smart watches, virtual reality experiences, or autonomous vehicles —are now part of our reality.Read More
Reaching “Iterative Efficiency” in Physical Retail
People like shopping in stores. By most accounts, the vast majority of all retail sales will still be done in physical stores in the year 2025. But, retail will most likely function differently than it has in the past. In some ways, brick and mortar will be like an extension of online, and vice versa—digital will be key to both online and in-store experiences. Retailers like Walmart are already making online ordering available in-store to shoppers, frictionless checkout is gaining steam and augmented reality is already starting to change the way people shop for large household items.Read More
4 Smart Ways to Use VR for Retail Planning Today
There’s a heck of a lot that goes into the thought process of managing a category, or planning a product roll-out, or designing new marketing messaging for a brand. At least, there should be. Unfortunately, it’s not uncommon for these types of in-store decisions to be made based on guesses, or by simply assuming that a change to the shelf will lead to an increase in sales (hint, it usually doesn’t.)Read More
Why VR for Retail Insights?
We know that some of the bigger up-and-coming retail trends are all about leveraging technology to create new and exciting customer experiences. And while some of that technology is consumer-facing—such as augmented reality shopping apps—there are other areas where retailers and brands are creating more streamlined and efficient workflows behind the scenes, using cutting edge innovation.Read More
What the Top Retail Organizations are Doing Right [Hint: Data Technology]
There’s no question that a lot goes into a successful retail strategy. With a million moving parts—including marketing, store layout, product selection, pricing, and much more—it’s a challenge to keep customers engaged and keep sales growing, especially in this ever-competitive space. The best bet is to look toward those who are getting it right, and learn how they’re doing it.Read More
3 Reasons VR is Great for Private Label Retail
While big brands used to rule the CPG space, the rise of private label products has been making a huge impact in retail sales. In fact, owned brands are projected to capture 25% of dollars in the next decade, accoriding to CB Insights. Where private label used to seen as the second-rate bargain option, consumers—namely Millenials—have shifted their mindset to view smaller brands and new retailer-owned brands as the smarter, more economical choices.Read More