Remove Accounting Remove Consumer Remove Customer Retention Remove Target Market
article thumbnail

Adapting To Changing Consumer Behavior: Strategies For Indie Retailers

Retail Minded

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

article thumbnail

Adapting To Changing Consumer Behavior: Strategies For Indie Retailers

Retail Minded

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

article thumbnail

Boost Sales & Loyalty: Mastering Retail Analytics Insights [2024]

Retalon

This anticipates future trends such as consumer demand shifts or inventory needs before they happen – allowing retailers to prepare rather than react. This emphasis on customer behavior analysis through retail analytics insights is a cornerstone for achieving sustained success. Metrics act as a compass guiding these adjustments.