RichRelevance
RichRelevance is the global leader in experience personalization, driving digital growth and brand loyalty for more than 200 of the world’s largest B2C and B2B brands and retailers. The company leverages advanced AI technologies to bridge the experience gap between marketing and commerce to help digital marketing leaders stage memorable experiences that speak to individuals – at scale, in real time, and across the customer lifecycle. Headquartered in San Francisco, RichRelevance serves clients in 42 countries from 9 offices around the globe.

ISSUU – Eight Ways to Embrace Omni-Channel Retailing

A decade after the rise of e-commerce, today’s mobile technologies and social media applications have contributed to a convergence of consumer demand and technology. Consumers now expect constant connectivity and interactivity from retail brands, with emerging technologies making transactions easier, says Darren Vengroff.

Read full article here.

RichRelevance’s Shopping Insights™ Study Shows One in Four Boxing Day Visits Took Place on a Mobile Device

Study reveals that share of mobile sales on iOS devices dropped 12% in year-over-year comparisons, giving way to the Android platform.

Reading, UK – 17 January 2013 – Once again, mobile commerce has showed itself to play a critical role in the online retail experience, particularly during peak shopping periods. In a new Shopping Insights™ study released today (infographic available here), RichRelevance, the leading provider of personalisation for online retailers, reported that mobile was a predominant driver of online shopping in December, with more than one in four shopping sessions taking place on a mobile device. The report also found that Apple iOS devices accounted for 85% of mobile purchases in December 2012—a measurable decline when compared to the same period in 2011.

The second UK Boxing Day Shopping Study from RichRelevance analysed over 322 million online visits to many of the UK’s largest retail websites, including John Lewis and Marks & Spencer. Shopping sessions took place on mobile or desktop computers during the month of December 2012. Key findings from the report follow:

Shopping by Device (Boxing Day 2012 and December 2012)

  • Mobile devices accounted for one in four shoppers on Boxing Day 2012: 25% of all shoppers were on some kind of mobile platform compared with 75% on desktops and non-mobile computers. Apple devices dominated mobile shopping, with 56% shopping on iPad and 18% on iPhone.
  • The iOS platform saw a measurable decline in share of mobile shopping sales year-over-year: In December 2011, 97% of sales originated from iOS devices, compared with 85% in December 2012, representing a 12% decline.

Share of Mobile Shopping (December 2012)

  • Mobile usage grew steadily from the beginning of the month through Christmas and Boxing Day, when it peaked. On 1 December, about 19% of shoppers were on a mobile platform. By 25 December, the share had climbed to 28%.

Conversion & AOV (25 – 31 December)

  • Screen size matters! Desktops produced the highest conversion at 3.7%, followed by iPads at 2.5%, and mobile phones at around 1%. Apple devices drove higher AOV than non-Apple devices—£106.48 for iPhone and £98.25 for iPad.

Session Length (25 – 31 December)

  • Shoppers have the longest shopping sessions on desktop computers, and the shortest sessions on mobile phones. Tablets strike a happy medium for the on-the-go shopper.

“Throughout 2013, commerce on mobile devices will become an even greater priority for retailers, as customers research products, compare prices and shop across channels, predominantly on their smart phones. Retailers must optimise their websites for the mobile shopper—while paying special attention to the varying influence of the platforms that shoppers use in their path to purchase —or risk losing revenue and the bigger opportunity to build brand loyalty,” said Darren Hitchcock, vice president, UK and European region, RichRelevance.

Methodology: This RichRelevance 2012 Boxing Day Shopping Insights™ study is based on an analysis of 322 million shopping sessions which took place in December 2012 across UK-based online retail sites inclusive of mass merchants as well as small and specialty retailers.

About RichRelevance

RichRelevance delivers over 850 million product recommendations daily, powering the personalized shopping experiences for consumers shopping the world’s largest and most innovative retail brands like Walmart, Sears, Target, Marks & Spencer and John Lewis. Founded and led by the e-commerce expert who helped pioneer personalization at Amazon.com, RichRelevance helps retailers increase sales and customer engagement by recommending the most relevant products to consumers regardless of the channel they are shopping. RichRelevance has delivered more than $5.5 billion in attributable sales for its retail clients to date, and is accelerating these results with the introduction of a new form of digital advertising called Shopping Media which allows brands to engage consumers where it matters most—in the digital aisles on the largest retail sites in world. RichRelevance is headquartered in San Francisco, with offices in New York, Seattle, Boston and London. For more information, please visit www.richrelevance.co.uk.

 

Forbes – Big Data: Getting Ready For The 2013 Big Bang

Big Data is the business challenge of the 21st century, and 2012 was the year that the Big Data revolution rocked the C-suite. After Nate Silver’s massive coup predicting the outcome of every state in the November election, even laypeople no longer doubt that data-driven decisions and real-time information – implemented at lightning speed – can lead to huge wins…

RichRelevance CEO Dave Selinger shares four best practices for businesses to conquer Big Data in Forbes.

Read more here.

RichRelevance Ranked #1 for Personalization by Internet Retailer

Independent survey recognizes RichRelevance alongside Adobe, Oracle, Google, and GSI as one of most influential e-commerce vendors based on market reach

San Francisco, CA – Dec. 20, 2012 – RichRelevance®, the leading provider of dynamic personalization for the world’s largest retailers, today announced that it has been recognized by Internet Retailer magazine for its impact on ecommerce sales in its inaugural “Leading Vendors to the Top 1000 E-Retailers” book.  RichRelevance was named the #1 most influential vendor in the personalization category based on a combined $32.91 billion in online sales across its clients in the Internet Retailer 1000. RichRelevance was also recognized as one of the Top 25 vendors overall alongside Adobe, Oracle, GSI Commerce, Google and Bazaarvoice.

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The Guardian – Why big data means big business for online retailers

RichRelevance CEO, David Selinger, offers advice on how companies can use data to increase customer spending and improve retention rates.

Click here to read full article: http://ow.ly/geuQR

MediaPost – Consumers Favor Search For Holiday Shopping

From dedicated mobile apps to their own social networks, today’s consumers have no shortage of information resources. However, that doesn’t mean they’re giving up on search.

RichRelevance Holiday Shopping Insights study reveals consumers favor search for holiday shopping.

Click here for full article.

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