John Coniglio

As Stitch Fix embarks on a transformative journey, CEO Matt Baer is confident the company will return to revenue growth by FY 2026 with a major emphasis in incorporating AI. According to PYMNTS, despite a challenging Q4 2024, with revenue down 12.4% YoY, Baer highlights strategic steps that are already driving positive changes. Key initiatives, including optimizing operations, embracing AI for personalized styling, and expanding product offerings, are already boosting client engagement and conversion rates. With an innovative, data-driven approach, Stitch Fix aims to redefine the personalized retail experience while positioning itself for future growth. https://lnkd.in/gw79Da5K #HalifaxWest #WinTogether #capitaladvisory #MandA #restructuring #operatingadvisory #RetailTransformation #AIinRetail #Personalization #ClientEngagement #StitchFix

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A quick read that hits some key elements of effective loyalty programs.... Ultimately, the business goal of driving incremental trips profitably, requires a level of personalized and relevant messaging that deepens customers' affinity with the offering. Many try, but only few loyalty programs get it right, finding a true collaboration across ... 1.Data science teams (e.g., MLops, CRM, customer analytics, etc.), 2.Business acumen teams (e.g., merchant promo/offers, fp&a/mp&a, etc.), and, 3.Customer engagement teams (e.g., branding/creative, marketing channel, etc.).

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Today, we published the third installment of what has become an annual report on loss prevention technology. Takeaways from the report include: * North American consumers are increasingly accepting of facial recognition, and some major US retailers are currently collecting biometric information from store visitors. * Shrink at self-checkout kiosks is getting a bit of a bad rap, since the devices contain a wealth of advanced computer vision and AI technology to detect theft (and customer errors) to provide retailers with options on how to respond. * We present Coresight Research consumer survey data on how consumers are responding to goods locked up in the store. There are technologies that enable customers to unlock cabinets with their smartphone, and new physical restraints to prevent thieves from leaving the store. Here is a link to the free report: https://lnkd.in/gRGc8r3t Thanks to Diebold Nixdorf for sponsoring it. #lossprevention #computervision #RFID #facialrecognition

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What would happen if Trump actually ended outsourcing? 🤔 If you're in the retail industry, this could change everything. Imagine higher costs, disrupted supply chains, and the need to rethink entire business models. That's the potential future if Trump wins in 2024 and follows through on his promise to make the U.S. a manufacturing superpower. It's a bold move that could shake up the entire business landscape. Want to know more about how this could impact U.S. retailers and businesses? Check out the full article: https://lnkd.in/gXHvce7T #Trump2024 #RetailIndustry #Outsourcing #BusinessStrategy

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Lessons, insights and news from RSPA RetailNOW 2024. #ISV #RetailNOW2024

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