Inventory Data Could Help Turn The Tide for Brick-and-Mortar Retailers
The rapid growth of Amazon, and the high-profile decline of brick-and-mortar retailers like Borders, masks a surprising statistic: e-commerce makes up only 5-10% of total retail sales in the country. During a panel at Street Fight’s Local Data Summit in Denver Tuesday, panelist argued that bringing inventory data online could provide small, brick-and-mortar stores with an advantage over their online-only competitors…
#LDS14 As New Sensors Emerge, Risks and Rewards in Location Data
The bulk of location data may come from smartphone’s today, but a new wave of sensors could open up a range of new possibilities for developers and businesses to interact with consumers a given place. During a panel at Street Fight’s Local Data Sumit in Denver Tuesday, speakers from Intel, Qualcomm, and KS Technologies discussed the way chip-level innovations are driving the local tech space, and how new sensors could open up a flood of consumer location data.
Study: Only 13% of Small Businesses Invest in Reviews
Small business owners are underestimating the importance of online reviews — negatively influencing their communication with customers as a result, according to a new survey conducted by local marketing provider Yodle. Only 13 percent of small business owners said they actively pursued online reviews from their customers…
Mobile App GoSpotCheck Helps Brands Track Effectiveness of In-Store Marketing
In-store marketing is a big business for retailers, but traditionally brands have had no way of knowing the effectiveness of the strategy until the display is packed away, and the campaign is finished. Enter GoSpotCheck, a Denver-based startup that has developed a mobile app that helps retail companies collect and share inventory and sales information in real time, and check with the promotion they paid for is up and running.
Bitcoin Finding Growth, Stability at the Local Level
The infamous virtual currency is slowly gaining steam in the real world. Acceptance of Bitcoin at brick-and-mortar businesses has climbed steadily since the first exchange was established in early 2009, driven largely by merchants looking for a cheaper alternative to credit and debit card transactions…