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Innovative Fashion Business Ideas to Inspire Your Next Venture

Small Biz Trends

Utilize SEO and digital marketing strategies for increased visibility and customer acquisition. Fashion Subscription Boxes Launch subscription services that deliver trendy outfits or accessories to subscribers each month, fostering long-term customer retention. Monetize via sponsorships and affiliate marketing.

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RSP21 Reveals Top Growth Drivers for the Post-COVID Era

Retail TouchPoints

Leslie Hand, GVP of IDC Retail Insights, discusses the new parameters of the customer experience: “Think about the enhanced customer experience through one-to-one mobile and one-to-many streaming content personalization capabilities — we’re starting to see that pop up.

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How to Prepare for Holiday Returns

Independent Retailer

Create a More Customized Shopper Experience. According to the National Retail Federation, apparel had a higher rate of return than most other product categories. Put customers at the center of your return and exchange policy to avoid sending them running in the opposite direction. Make Your Returns Process Easy to Understand.

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Torrid to close as many as 180 stores, 30% of its fleet

Retail Dive

Dive Brief: Torrid could shrink its brick-and-mortar footprint by close to 30% in 2025, the plus-size apparel retailer said Thursday. These are locations with lower productivity, and sales customer retention rates from shuttered locations are about 60%, she said. Please let us know if you have feedback.

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Retail Consumer Behavior Patterns and Shifting Dynamics: The Future of Retail & Retail Trends

RETAIL MANAGEMENT SOFTWARE

AI-driven apps for visual recognition are being used by followers to scan images and social media posts to dissect and identify each apparel worn by their favorite entertainer, sports athlete, etc. They’re also emphasizing on customer retention, rewarding and incentivizing current customers to spend more.

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Why modern stores need smarter networks

Retail Dive

Innovation meets infrastructure These goals are lofty, and promise big payoffs in areas such as revenue generation, customer retention, and theft reduction. You can also marry that data with other metrics for use cases like dynamic pricing. Sign up A valid email address is required. Please select at least one newsletter.

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10 Most Important Ecommerce KPIs to Measure in 2023

Retalon

However, a good rule of thumb is CLV should be 3:1 of customer acquisition cost (CAC). Customer Retention Rate Definition The customer retention rate is the percentage of customers you retain over a given time period. High retention means customers repeatedly purchase from you vs. competitors.