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How Rising Prices Shape Consumer Behavior

Retail Focus

Inflation has an impact on nearly every aspect of the economy, including raw material costs, wages, transportation, and, ultimately, the prices consumers pay for goods and services. Rising costs and shifts in consumer behaviors have a significant impact on the retail industry.

Consumer 130
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Luxury brand pop-up store hyperlocal retail strategies

Retail Focus

Retail Consultant | Published author | Visiting lecturer Hyper-local strategies have been increasingly applied by luxury brands to connect with specific communities through limited-time pop-up stores. Differentiation in a Competitive Market : The luxury market is highly competitive, with brands constantly striving for consumer attention.

Location 247
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Why premiumisation doesn’t belong just to premium brands

Inside Retail

Consumers are drawn to this approach because it communicates a sense of trust and expertise if only the best items make it to the shelf, then those items must be of superior quality. This focus on design is an essential part of the brands strategy to appeal to consumers who value both aesthetics and functionality.

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What the metaverse means for retail and consumer goods

Inside Retail

At Microsoft, we break down the metaverse i nto three strategies: consumer, enterprise, and industrial. Consumer metaverse. Immersive shopping experiences brought to life through digital products, interactive content, and store-associate interaction. Augmented Store Experiences. Store Layout Visualisation.

Consumer 263
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Holiday Store Experience Survey: Consumers Prioritize Safety Over Immersive Shopper Journeys

Retail TouchPoints

But supply chain pressures and ongoing uncertainty surrounding the pandemic means that consumers are focusing less on how immersive and entertaining in-store shopping experiences are and more on how safe and efficient they are. RTP: It seems like consumer priorities fall into two main buckets: ease/convenience and health/safety.

Consumer 264
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To Experience the Future of Retail, You’ll Want to Go to the Store

Retail TouchPoints

Over the past three years, most of us have done a lot more shopping online, so it’s easy to forget that while ecommerce is still growing, most retail commerce still happens in stores. In Q3 2022, ecommerce accounted for less than 15% of all retail sales. When these consumers feel catered to, it creates more loyalty.

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Video is Not Just for Security Cams Anymore

Retail TouchPoints

A worldwide pandemic kept shoppers hunkered down at home and out of malls and stores for two years. It was then that consumers developed a ravenous appetite for online shopping and speedy home delivery, while losing their taste for city centers and malls. The expected bounce-back has, at best, developed slowly.