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Retailers: Leverage Customer Data to Navigate Lower Spending Due to Inflation

Retail TouchPoints

Whether it’s apparel, or hard goods like paper goods and notebooks, or pens, pencils and backpacks, price increases on all those types of products have been put through. Consumers are going to have to make some choices, but at the same time retailers are going to be very concerned about selling through that product.

Consumer 271
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How to Forecast Demand in Retail (2020)

Retalon

On top of that, even smaller retailers must address the multi-channel reality of today’s shopping environment. Increasingly tech-savvy customers comparison shop not just against competitors, but even against a retailer’s other sales channels. Customers’ constantly-shifting color preferences will influence the demand for apparel.

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These 11 Stores Are Killing It On Google Shopping (Case Studies)

Store Growers

But when they started running Shopping campaigns it allowed them to show prices next to product images. This allowed for comparison shopping which resulted in lower bounce rates, more time spent on the site, and better conversion rates. Source: Google Shopping Empire Covers case study (pdf).