Industry legend and Dallas Morning News business reporter, Maria Halkias, reached out to DynamicAction CMO Sarah Engel for commentary on J.C. Penney. Their conversation dove into the current retail shifts occurring, the need for retailers to have an established Amazon plan, specifically how DynamicAction works, and the focus of leading retailers on customer centricity & profitability through data understanding. For the article, Engel is quoted in this key excerpt:
"Retailers have to realize when they're letting the customer down and "stop the broken promises," said Sarah Engel, chief marketing officer at DynamicAction, a data analytics software company that tracks $9 billion of retail sales to find patterns and trends for its retail clients. Amazon and more recently Wal-Mart are daily shifting what customers expect, Engel said. "The consumer now owns the interaction, and the consumer is expecting change faster than many companies can innovate.” "We've gone from the days of the merchant prince to the merchant scientist. Merchants have to be data-led," Engel said. "They're the humans in the loop.”"
Read the full article here, or dive into 5 Strategies to Steer Data-Driven Retail.
We all know by now that 2016 was the Year of Promotions for retailers, which drastically impacted their bottom line. As we found in DynamicAction’s...
REDWOOD CITY, Calif.--(BUSINESS WIRE)--DynamicActionannounces the newest product of its Retail...
Now more than ever, retailers that wish to stay competitive must develop an Amazon strategy and discover the mindset behind Amazon's operating model....
Sign Up to get the latest News