Inside Retail

JUNE 22, 2023

He believes that there are similarities between the current situation and the Global Financial Crisis (GFC) in 2008, with the rate of inflation more significant now. He said that most retailers are reducing forward buys by at least 10 per cent to compensate for deteriorating demand. “We The consumer is certainly hurting,” he said.

Consumer 246

Consumer Customer Retention Accessories Marketing 246

Independent Retailer

APRIL 28, 2022

The cost of just about every product and service is at their highest level since 1981 , and the ripple effect on businesses is that sales are slowing as consumers look for ways to cut back on spending and make do with less. Properly executed loyalty programs can help keep customers shopping, even in the face of wavering consumer confidence.

Returns 52

Returns Customer Retention Promotions Consumer 52

Rangeme

NOVEMBER 26, 2021

According to Bain & Company, a 5% increase in customer retention correlates with an increase in profit of at least 25%. 42 Interesting Stats about Customer Loyalty You May Not Know. Since the 2008 recession, consumers started to look for brands and products that offer better value for money. 5 Amaresan, Swetha.

Consumer 105

Consumer Customer Retention Shopping Fulfillment 105