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2023: Ring in Retail Profits by Stopping Automated Threats

Retail TouchPoints

This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Specifically, bot operators continue to siphon retailer profits with increasingly sophisticated automated threats — including account takeover, web and API scraping and more. Bad Bots are Siphoning Profits.

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Online sales now account for more than 20% of total retail sales.

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The Ultimate Guide to Retail Promotions

Wiser

If shoppers thought that your markdowns were just a gimmick, they wouldn’t pay them any attention. To avoid this, the best retail promotions strategies include time constraints to get shoppers to checkout. In this case, being very mindful of the language you use for this retail promotion will make or break its success. .

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

At checkout, the shopper would have multiple fulfillment options to select from – including BOPIS. And inventory classifications must expand to account for inventoried products that have been picked for BOPIS. The customer visits a retail store’s e-commerce website and adds products to their shopping cart.