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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Digital Marketing and SEO To thrive in a competitive retail landscape, your business needs a strong online presence. Outsourcing digital marketing and Search Engine Optimization (SEO) tasks to specialized agencies can boost your brand’s visibility, attract more website traffic, and ultimately drive sales.

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How global beauty brands will benefit from JD.com’s latest logistics move

Inside Retail

Evri’s partners will gain valuable insights into the Chinese market, including consumer behaviour, marketing and pricing strategies, product selection advice, and online operational strategies tailored to the unique demands of the Chinese market.

Insiders

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How is AI Reshaping the Retail Industry

Retail Gazette

By leveraging AI algorithms, retailers can analyse vast amounts of customer data, including purchase history, browsing behaviour and demographic information, to tailor product recommendations and marketing messages. According to recent studies, over 70% of consumers expect personalised experiences when interacting with retailers online.

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7 Indicators You’re Managing Bad Inventory (and How to Fix It)

Retalon

You may be dealing with a bad inventory if you are continuously having one or more of the following issues: 1. A low rate of inventory turnover. Low demand inventory builds up resulting in overstocks. No room for in-demand inventory . Stagnant inventory is occupying shelf space, in-place of high demand products. .

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Top 3 Challenges in Demand Forecasting, and How Analytics Solves Them (2022)

Retalon

Challenges in Demand Forecasting Leading to Lost Market Share. Retailers who rely on approximated demand disappoint customers, bleed profits, and lose market share to more tuned-in competitors. Planning inventory based on sales history depends on a logical approximation. Identifying and accounting for relevant factors.

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ABC Analysis for Retail Stores: Categorizing Inventory for Efficiency

Rain Pros

Categorizing a store’s inventory allows the owner to make quicker and more informed decisions about ordering new inventory. Offering more of what sells and less of what doesn’t increases efficiency by minimizing overstock and accelerating inventory turnover, leading to higher profits.

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Category Management new trends to Boost Sales in 2021

Shopper Motion

They also contribute to the profitability of the company by fostering sales via marketing and in-store promotions and they manage everything related to product inventory, either they order new items or try to improve the speed of inventory turnover. Example of an in-store pop-up display. Correlation matrix.