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Opinion: Why foresight is the future of marketing strategy

Inside Retail

TRA is currently working on a foresight project for a large retailer in Australia to help them understand the attitudes of a particular demographic and how they affect shopping behaviour. We are also forecasting the market spending power of this group and quantifying it as a revenue opportunity in the future.

Marketing 245
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Why DoorDash & Other Delivery Apps Struggle with Profitability

Indigo 9 Digital

In the third quarter of 2022 DoorDash paid $446 million in marketing expenses or 35% of revenues. A healthier rate of marketing spend would be around 10% of sales. In 2019 DoorDash spent 101% of its revenues on marketing in the first quarter a few months before it passed Grubhub in market share. "We

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Retail Statistics You Should Know

Small Biz Trends

We have assembled all the numbers you need, including store operations, shopper behaviors, how retailers market their businesses, and much more. If you own a retail store or are considering shop ideas for a new one, take a look at the stats below. The retail market size is continuously growing. Shopping Statistics.

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Why retailers are moving their ad spending into in-store digital assets

Inside Retail

On a website or an app, a company can easily measure click-through and how the customer behaves on the shopping journey. This trend is helping the retail media industry is building out a new category of marketing spend.” Key to the success of digital signage as a medium is analysis of customer behaviour.

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Why Direct to Consumer Brands Struggle with Profitability

Indigo 9 Digital

With companies like Shopify it has never been easier to set up shop online. million on advertising in 2019 and 2020 respectively. In Warby Parker’s IPO filing it said that customer acquisition costs increased 49% in 2020 to reach $40 per customer up from $27 per customer in 2019 as a result of a “ deliberate investment in media spend.”

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Are You Being Served? The Importance of Customer Experience

Retail Assist

Last week I made the most of retail and outdoor hospitality reopening, took a day off and hit the shops on Leeds high street. In visiting the shops, we saw that there were the usual queues outside Zara and Primark, we also paid a visit to one of our clients, Harvey Nichols. How was this different (or not) to pre-pandemic?

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Can Superdry’s restructuring plan save the business?

Retail Gazette

Dunkerton himself is a product man and when he returned to the business in 2019 – after quitting over how the business was being run – his big focus was to improve its style credentials. He also says that Superdry has not been at “the leading edge of fashion trends” for some time.