Author: Stephen

Sharper Image takes on mobile commerce

| November 19, 2013

Sharper Image enters into the mobile commerce field for the holiday season

Sharper Image has a long history in specializing in high-tech products, but the retailer is entering into new territory that it has not yet explored. The retailer is set to launch its holiday catalog, which will feature a wide array of innovative gadgetry. While this is nothing new in and of itself, the catalog will be linked to a mobile commerce site, allowing consumers to purchase products they are interested from their smartphones and tablets.

Retailers work to engage mobile consumers

Mobile commerce has become quite popular among retailers, largely due to the success that many companies saw with their mobile commerce initiatives during the 2012 holiday season. Last year, many consumers opted to shop from their mobile devices, taking advantage of special deals being offered by retailers trying to engage the mobile crowd. For many retailers, this led to a sharp increase in revenue, which has encouraged them to continue pursuing mobile commerce aggressively.

Application equipped with image recognition technology

Mobile Commerce - Holiday Shopping OnlineSharper Image is not content to simply link its holiday catalog to a mobile commerce website, of course. The retailer has also developed an application that will allow consumers to browse, research, and purchase products directly from the catalog using image recognition technology. Each image in the catalog contains a digital watermark that function in a similar fashion to a QR code. When the application registers the watermark, it directs consumers to a particular product page.

Mobile commerce may usher in success for retailers

The application is designed to make the shopping experience more engaging while also leveraging the convenience of mobile commerce. Sharper Image expects that consumers will respond well to the initiative, which may also be a boon for those looking to get their holiday shopping out of the way early. Other companies have similar initiatives in mind, but none are utilizing image recognition technology to promote mobile commerce among consumers.

Groupon continues expansion into mobile commerce sector

| November 14, 2013

Mobile commerce has become a major interest for Groupon

Daily deals provider Groupon has been showing a strong interest in mobile commerce recently. The company specializes in providing consumers with special offers that come from retailers, restaurants, and other such businesses. The deals and coupons are meant to entice consumers, but Groupon had primarily been focused on those using stationary computers in the past. As mobile commerce becomes a more prominent part of society, the company is beginning to put more focus on the mobile sector.

Groupon acquires Ticket Monster

Groupon has been making an effort to establish a strong presence in the competitive mobile commerce field in recent months. The company has now made a bold move on this front with its acquisition of South Korea’s Ticket Monster, which is a daily deals provider similar to Groupon. Ticket Monster represents more than $800 million in annualized billings, much of which comes from mobile commerce. South Korea has become a hub of activity as far as mobile commerce is concerned, largely due to the high smartphone penetration seen throughout the country. The experience that Ticket Monster has gleaned in the market may help Groupon develop a stronger foothold in the mobile sector.

Consumers are becoming more mobile

Mobile Commerce - Groupon ExpandingE-commerce remains a strong interest with many consumers, but more people are opting to shop via their mobile devices rather than stationary computers. Smartphones and tablets allow for a more convenient shopping experience, especially for those that travel frequently. Even those that do not travel are beginning to use their mobile devices to shop rather than visit physical stores. It is for this reason that retailers are beginning to take mobile commerce more seriously, with some going so far as to develop their own mobile payments platforms.

Competition in high in the mobile commerce space

Groupon may confront difficulty with its plans to expand into the mobile sector. Mobile commerce is awash with a wide variety of start-ups that are seeking to gain the attention of consumers. Several large technology, telecommunications, and financial service firms have also entered into the mobile commerce arena, increasing the competition that exists within this sector significantly.