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8x8 Announces 8x8 Aftersale Assist for Retailers to Reduce Returns, Improve Customer Experiences, and Drive Revenue Growth

1. 8x8 launched Aftersale Assist™ for retailers to improve customer experience. 2. The solution reduces returns and operational costs through automation. 3. Retail returns expected to hit $890 billion in 2024, highlighting industry relevance. 4. Enhanced customer loyalty is crucial for retailers' long-term growth strategies. 5. 8x8 integrates AI to streamline interaction and drive revenue growth.

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Why Bullish?

This launch aligns with increasing demand for improved customer experiences, likely boosting EGHT's competitiveness.

How important is it?

The article's focus on a new product offering directly affects EGHT's market position and revenue opportunities.

Why Short Term?

Immediate sales growth potential from the new service can affect EGHT's Q1 results.

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CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), the industry's most integrated Platform for CX that combines Contact Center, Unified Communication, and CPaaS APIs, today announced the 8x8 Aftersale Assist™ solution enabling retailers to reduce returns, improve customer experiences, and drive revenue growth. Combining 8x8 Platform for CX components from 8x8 Contact Center, 8x8 CPaaS, and 8x8 Work, the new solution is specifically tailored to address the specific needs of retailers by cutting down on operational costs, deflecting unnecessary returns, and building and enhancing customer loyalty and experiences. January, often dubbed ‘Returnuary,’ often sees a spike in retail returns after the holiday shopping season. According to the US National Retail Federation (NRF) report, 2024 Consumer Returns in the Retail Industry, retailers estimate that 16.9% of their annual sales in 2024 will be returned and total returns for the retail industry are projected to reach $890 billion in 2024. To that end, improving the returns experience and reducing the return rate are viewed as two of the most important elements for businesses in achieving their 2025 goals. 8x8 Aftersale Assist delivers automated end-to-end AI-powered customer experience solutions for retailers to continue building the customer relationship beyond the end of the sale. By enhancing the customer experience and minimizing post-sale unhappiness, retailers can lower logistical costs, such as refunds, additional shipping needs, unnecessary packaging, and more. “Retailers understand the importance of fostering loyalty in their customer base; ensuring customers come back time and time again. This is the foundation for lasting growth in every industry,” said Lisa Martin, Chief Revenue Officer at 8x8, Inc. “With 8x8 Aftersale Assist, we are providing retailers with the tools they need to turn every shopper into a loyal customer—seamlessly transforming transactions into lasting relationships.” 8x8 Aftersale Assist allows retail organizations to: Improve customer onboarding by providing customers with guidance on product setup and troubleshooting via one-way video. By offering the ability to consult with an expert, retailers can minimize confusion and frustration. Reduce high operational costs by supporting customers virtually at important steps of the buyer’s journey, such as onboarding, eliminating the need for unnecessary returns or call-outs. Offer enhanced positive experiences, by providing high-quality, convenient service, customers are more likely to stay loyal and recommend the brand which also helps retailers aiming to deliver end-to-end (e2e) excellence. Improve personalization through self-service experiences that are convenient and accessible. According to the McKinsey report, State of the Consumer 2024, an improved digital experience is a key requirement for retailers to win over and retain the customers of the future. “At the end of the day, we’re all consumers and we all want seamless, easy experiences regardless of the sector we’re in,” said Hunter Middleton, Chief Product Officer at 8x8, Inc. “8x8 Aftersale Assist ensures that retailers have the tools they need to enhance customer experiences, driving customer satisfaction and loyalty and eliminating unnecessary, costly returns and material expenditures.” 8x8 Aftersale Assist helps retailers drive better customer experiences by proactively offering help and support with setup, installation, or any other issues via automated SMS to either access AI-powered self service or consult directly with a contact center agent. If choosing to connect with an agent, customers have the option to connect with an agent immediately or schedule a consultation through the 8x8 Intelligent Customer Assistant. Depending on the needs of the customer, the agent can then elevate the real-time interaction to video, directly from the 8x8 Contact Center Agent Workspace, via a secure, ready to use, one-way video link, to better address and resolve issues with a visual component. This process ensures a seamless experience to leave customers feeling supported and satisfied. 8x8 Aftersale Assist is delivered through the 8x8 Platform for CX which seamlessly unites contact center, unified communications, and CPaaS APIs to help organizations connect customers and teams globally, empowering CX and IT leaders with AI-powered performance and insights to make smarter decisions, delight customers, and drive lasting business impact. It can also be used in conjunction with the 8x8 Sales Assist solution to deliver a streamlined customer journey from the start of the shopping experience to the post-sale experience. 8x8 Sales Assist reflects the multichannel shopping experience that is preferred by so many consumers and allows retailers‘ customers to engage through their channel of choice, including web chat, bot, social media, SMS, email, or voice, for faster, easier shopping experiences. 8x8 Aftersale Assist then picks up for the post-sale experience to continue the customer relationship and satisfaction. To learn more about 8x8 Aftersale Assist, watch this informational video or read this recent blog post revealing more information on why we’ve brought this to market. Caution Concerning Forward-Looking Statements This press release contains forward-looking statements including those related to the features and functionality to be delivered through the 8x8 Platform for CX. Readers are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual events or our actual results to differ materially from those expressed in any such forward-looking statements. Readers are directed to 8x8’s periodic and other reports filed with the Securities and Exchange Commission (SEC) for a description of such risks and uncertainties. These risks could reduce the growth of our CX business and contact center momentum which could impact our revenues and profitability. 8x8 undertakes no obligation to update any forward-looking statements. About 8x8 Inc. 8x8, Inc. (NASDAQ: EGHT) connects people and organizations through seamless communication on the industry's most integrated platform for Customer Experience—combining Contact Center, Unified Communication, and CPaaS APIs. The 8x8® Platform for CX integrates AI at every level to enable personalized customer journeys, drive operational excellence and insights, and facilitate team collaboration. We help customer experience and IT leaders become the heartbeat of their organizations, empowering them to unlock the potential of every interaction. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, X, and Facebook. 8x8® is a trademark of 8x8, Inc.

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