Retail Times

MAY 31, 2022

The soaring inflation rate is squeezing consumers’ budgets in the UK, and many are choosing to shop at supermarkets that are perceived as the best value for money as a result, says GlobalData.

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Customer Retention Supermarket Promotions Shopping 52

Inside Retail

FEBRUARY 26, 2024

Building or strengthening supplier relationships creates a platform for potentially locking in discounts and reduces the risk of delays, or at least facilitates better communication around issues out of suppliers’ control, and lessens the likelihood of quality issues.

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Inventory Turnover Supply Chain Management Customer Retention Inventory Management 147

Storis

APRIL 18, 2024

Crafting enticing reward and membership programs is a competitive advantage, especially as customers are inundated with choices and retailers compete on overlapping product offerings. Promoting customer loyalty programs is critical to sustained retail success. Talk to a Sales Professional What is Customer Lifetime Value?

Payment Services 52

Payment Services Customer Retention Promotions Accounting 52

Retail TouchPoints

APRIL 12, 2023

We saw this at the start of the pandemic when food store sales shot up by 21%. still plan to cook more at home. Grocers that convince customers to become loyalty card holders, for example, will achieve levels of customer retention that restaurants don’t often see. Matt Hopkins is Global Retail Director at Board.

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Supermarket Grocer Customer Retention Checkout 254

Storis

APRIL 12, 2024

Crafting enticing reward and membership programs is a competitive advantage, especially as customers are inundated with choices and retailers compete on overlapping product offerings. Promoting customer loyalty programs is critical to sustained retail success. What is Customer Lifetime Value?

Payment Services 52

Payment Services Customer Retention Promotions Accounting 52

Retail TouchPoints

JUNE 29, 2021

In order to understand where the future of retail is headed, we’re going to take a look at how the pandemic has impacted the retail industry and how it has already started to adapt to pandemic challenges. . Simultaneously, data and analytics were at the forefront of retailers’ minds as stores sought to anticipate their consumers’ needs.

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Payment Services Checkout Customer Retention Kiosk 229

Inside Retail

JUNE 28, 2021

To do so, marketers are leveraging more data, technologies, and channels to create this type of relevant and customised customer journey. Only 13 per cent believe that companies excel at delivering connected experiences. Unifying customer data. Today, retailers have more data at their disposal than ever before.

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Customer Experience Customer Retention Payment Services Advertising 221

Retail TouchPoints

DECEMBER 21, 2021

Before, people came to the store, looked at and selected items, purchased them and left. Today, customers may order online, come to your store to pick up their orders and never step foot inside your store. Customer waits may be inevitable sometimes, but that doesn’t mean they also can’t be profitable. A World of Data.

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Kiosk Customer Experience Customer Retention Promotions 302

Retail TouchPoints

JANUARY 18, 2022

Retailers frequently ask customers to enroll in a loyalty program at point of sale — especially during the holiday shopping season. According to Clarus Commerce data, 28% of consumers say they enroll in loyalty programs for immediate benefits, with the intention of unsubscribing at a later time.

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Customer Retention Shipping Point of Sale Consumer 286

Retail TouchPoints

FEBRUARY 2, 2021

Ecommerce has grown exponentially over the last two decades, albeit at a fairly steady pace. With the onset of the COVID-19 pandemic in 2020, paired with renewed restrictions and stay-at-home orders approaching the holidays, that steady pace of online shopping growth has gone out the window.

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Shopping Customer Retention Promotions Marketing 223

Retail TouchPoints

AUGUST 28, 2023

“For the back-to-school season, 42% of consumers say they are spending more, but 57% are trading down for lower prices,” said Caila Schwartz, Director of Consumer Insights and Strategy for Retail and Consumer Goods at Salesforce during an Aug. And to do so they’re “literally looking at things line by line,” said Schwartz.

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Retail TouchPoints

AUGUST 7, 2023

When building your digital marketplace, the customer should be at the center of your strategy — what do your customers want, and what are the needs of the customer base you are trying to acquire? The digital marketplace is the commerce engine in the front, but you need technology at the backend to run it all efficiently.

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Customer Experience Customer Retention Marketing Shopping 235

Retail TouchPoints

FEBRUARY 8, 2023

Meta’s CPM increased by 61% YoY , at an average of $17.60. TikTok’s CPM made a huge jump of 185% YoY , at an average of $9.40. Per Statista , the global cost-per-click (CPC) of search advertising in Q1 2022 was at $0.62, compared to $0.52 Two things advertisers don’t enjoy are a rocky economy and a frugal consumer. There are 4.2

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Advertising Customer Retention Marketing Consumer 242

Retail TouchPoints

JUNE 27, 2022

This gives them a notable pricing advantage compared to retailers that need to move product on a regular basis, particularly for what Sucharita Kodali, VP and Principal Analyst at Forrester, referred to as “over-commoditized” items that have been made widely available on multiple platforms.

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Customer Retention Promotions Consumer Fulfillment 248

Retail TouchPoints

SEPTEMBER 19, 2022

EY, formerly known as Ernst & Young, says that 57% of consumers choose a brick-and-mortar retailer predominantly based on the customer shopping experience. Every interaction holds the potential to impact overall customer satisfaction and long-term customer retention. Here’s another situation that happens.

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Marketing Customer Retention Location Consumer 241

Inside Retail

MARCH 14, 2023

“One of the key takeaways from the report was that consumers are looking for quality content online, and retailers need to look into communicating stories in a better way to get more eyeballs,” Mimrah Mahmood, senior director and partner at Meltwater Asia-Pacific, told Inside Retail.

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Payment Services Customer Retention Marketing Consumer 130

Inside Retail

SEPTEMBER 4, 2022

That sharing leads to a better overall customer journey and stronger customer retention, as shoppers are exposed to content relevant to their preferences and lifestyle – versus offers that don’t fit their needs or wants. .

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Customer Retention Checkout Consumer Promotions 147

Retail TouchPoints

JULY 10, 2023

These first movers near universally are noting the gigantic opportunity to transform their business, from operations to customer relations and retention. And there’s plenty of money at stake. The agents can instead focus on dealing with more complicated customer issues or driving customer retention offers.

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Merchant Services Customer Retention Shipping Marketing 277

Retail TouchPoints

JULY 19, 2021

In fact, experts and practitioners across the retail spectrum largely agree that the store is a crucial vehicle for customer retention, engagement and loyalty. Even once-digital only brands like Warby Parker have doubled down on their store investments. 24-25 at McCormick Place, Chicago, Illinois.

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Advertising Customer Retention Consumer Fulfillment 299

Hunton Andrews Kurth

MARCH 27, 2023

On March 23, 2023, the FTC issued a notice of proposed rulemaking aimed at deceptive and unfair practices involving recurring charges for automatically renewing subscriptions and memberships. While the rule does not prohibit free or reduced-price trials to entice consumers to sign up, it may limit the effectiveness of such promotions.

Customer Retention 59

Customer Retention Consumer Promotions ATS 59

RETAIL MANAGEMENT SOFTWARE

APRIL 24, 2023

Retailers are leveraging data analytics and customer insights to offer personalized and customized loyalty programs that cater to individual preferences and behaviors. By offering personalized experiences, retailers can deepen customer engagement and loyalty, leading to increased repeat business and brand advocacy.

Customer Retention 84

Customer Retention Management Promotions Clienteling 84

Wiser

SEPTEMBER 27, 2023

Additionally, it can encourage higher response rates as customers feel more inclined to participate in surveys when they are assured their personal information will not be misused or disclosed. In summary, respecting and ensuring the anonymity and confidentiality of survey respondents is at the heart of ethical and effective survey design.

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Customer Retention Employee Engagement Customer Experience Promotions 146

Inside Retail

JUNE 22, 2023

He said that most retailers are reducing forward buys by at least 10 per cent to compensate for deteriorating demand. “We Among other recommendations, the report suggested that retailers seek to cut costs, reduce debt and – at the first sign of economic recovery – shift to a merger and acquisition strategy in order to obtain market share.

Customer Retention 246

Customer Retention Consumer Accessories Marketing 246

Retail Focus

JUNE 28, 2022

These are online-only events (that may be broadcast from your in-store location) designed to publicise a sale, launch a new product, or increase customer retention. Alongside their “regular” online bingo offerings, Paddy Power offers live bingo events at virtually every hour of the day. Effectively publicized.

Customer Retention 130

Customer Retention Marketing Location Retail Marketing 130

Retail Minded

FEBRUARY 18, 2023

Because of these exorbitant costs of customer acquisition, businesses are shifting their focus on customer retention to drive repeat purchases among customers. Recurring billing ensures that your customers will purchase from you every month, thereby ensuring an assured flow of repeat orders throughout the month.

Customer Retention 52

Customer Retention Promotions Customer Experience Marketing 52

Small Biz Trends

JUNE 29, 2023

They must have the ability to assess customers’ needs quickly and provide appropriate solutions. Multitasking abilities: Representatives often handle multiple tasks and a variety of customer concerns at once. Empathy and patience: Dealing with frustrated customers can be challenging.

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Payment Services ATS Accounting Fulfillment 75

Inside Retail

MAY 16, 2022

Retailers should also consider the differences between new and existing customers and shape retention strategies accordingly. Pillar 2: Product selection, pricing, and promotions. Additionally, many retailers continue to push e-commerce offers and promotions, despite thin profit margins.

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Fulfillment Promotions Shipping Returns 130

Cisco Retail

JULY 16, 2021

Our guest blogger this week is Dave Jennings, VP Strategic Solutions at imi mobile. With consumer behavior constantly evolving, customers want their interactions with businesses to be more seamless than ever. However, the retail industry, like many others, faces challenges to create the experiences that customers expect.

Customer Retention 145

Customer Retention Promotions Location Customer Experience 145

365 Retail

AUGUST 30, 2022

Trends that brands should keep in mind to attract new customers are supporting local communities, sustainability, digital and omni-channel transparency, convenience, social commerce, experiences over product and bridging the gap between the on-line and off-line journey, subscription models and autonomous delivery. Customer retention.

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Supermarket Customer Retention Social Commerce Consumer 104

I Vend

MARCH 14, 2023

Order out of stock items – if the shopper cannot find the item/size/colour they want, the associate can use the mobile POS to reserve the item at another store, or to order it for delivery. Offers and promotions – the associate can ensure that the shopper doesn’t miss a promotion, by using the mPOS to access all current offers.

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Shopping Point of Sale Payment Services Checkout 90

Hyken

MAY 20, 2022

This week, we feature an article by Simona Benetinová, content manager at Nicereply , a company that helps organizations, of all sizes, provide outstanding customer service. She writes about customer loyalty and why your team should care about your brand’s Net Promoter Score. Let’s have a look at the numbers.

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Promotions Customer Retention Management Marketing 59

V Count

MAY 5, 2021

Optimize prices & marketing promotions. Your conversion rate is an indicator of good you are at turning visitors into buying customers. Let’s say you recently launched a marketing campaign, like a window display promotion, to drive more people into your shop. Driving traffic from existing customers.

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Net Profit ATV Customer Retention Store Layout 52

365 Retail

DECEMBER 8, 2022

Forward-thinking brands can drive customer retention levels by delivering scalable, dependable and tailored customer experiences. Wunderkind research has found that less frequent but more meaningful insight-led interactions is something customers really want from the brands they deal with. Loyalty spreads the word.

Customer Retention 52

Customer Retention Promotions Consumer Customer Experience 52

Retail TouchPoints

AUGUST 15, 2022

Consider the immersive 3D billboard Fortnite x Balenciaga launched in key markets to promote their partnership. Inflation and the threat of a recession are bringing discounts to the forefront. Be Transparent About Inventory Challenges .

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Drop-Shipping Shipping Outdoor Customer Retention 215

I Vend

JULY 8, 2022

Customer experience in retail is at the heart of what keeps customers coming back.Forbes reports on a study in which 90% of consumers said they are more likely to return to a retail store if they have had a positive experience. Rather we’re looking at today’s customer facing displays, based on familiar tablet technology.

Customer Experience 52

Customer Experience Checkout Customer Retention Promotions 52

Retail Minded

SEPTEMBER 30, 2022

These software solutions are especially adept at recognizing recurring patterns in extensive volumes of data. All information about customer buying habits, demographics, usage statics, etc., At its core, technographics is a type of market segmentation. Improved customer retention . Bottom line .

Customer Retention 52

Customer Retention Inventory Management Marketing Promotions 52

Wiser

DECEMBER 5, 2023

By offering a product at a loss, retailers draw traffic to their stores or websites. Customers enticed by the low-priced item often end up purchasing other items at regular prices, driving up profits. Unsurprisingly, there are a number of pros and cons to selling products at a loss.

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Store Layout Customer Retention Consumer Marketing 78