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NOT Your Dad’s Supply Chain: 4 Trends Every Retail Exec Should Know for 2024

Retail TouchPoints

These four emerging trends elevate the urgency for supply chain execs to move distributed order management (DOM) to the top of their lists. #1: The word omnichannel has been around for decades, but not until very recently has the industry realized the role of distributed order management in their aggregate financial equation.

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[Webinar] Increasing Your Share of Shelf with Suggestive Selling

Wiser

At Wiser Solutions, we understand that increasing your share of shelf is a top priority for any business. In this webinar held on August 22, 2023, you can hear Kelsey McCarthy, Dan Ray, and Bruce Nagle of Wiser Solutions, delve into the art of suggestive selling and explore how it can significantly boost your shelf share.

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10 Ways the Pandemic Impacted Adult Beverage Consumption

Rangeme

Stay-at-home orders were enacted throughout the US, everything started shutting down, and we all hunkered down inside our homes. At the onset of the pandemic, bars and restaurants faced indoor gathering restrictions, driving a ton of business to grocery stores, mass retailers, and specialty stores. Suggestive selling.

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Personalization is a Key to Customer Loyalty

Storis

In fact, 68% of consumers said they would shop at a store that offers personalized rewards. STORIS NextGen Customer Experience Management (CXM) is an in-store technology application designed to support retail sales associates in delivering exceptional experiences. They seek out relevant product promotions and offers.

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Where Have All the Salespeople Gone?

DMS Retail

If you look at it strictly from a numbers perspective, it simply means that retailers need to double the productivity of other KPIs. but no sales associates who seek out customers to attend to them…to sell to them. Hard to say, isn’t it? We hear reports that retail traffic, in 2020, was down by close to 50% compared to 2019.

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8 Proven Techniques to Close Sales Quickly

Retail Next

As a retail store owner or manager, one skill you need to develop is closing a sale. Even when you have the best products at the most competitive prices, if you do not have the ability to convince the shopper to buy, your products will remain on shelves – collecting dust. This strategy is known as suggestive selling.

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How to Survive the Post-Holiday Ecommerce Slump

Retail Bound

You ensure your inventory is at sufficient levels, you possibly take on new staff to meet volume expectations, you coordinate with your logistical partners, and then you brace yourself for long hours to ensure every customer is satisfied with their purchase experience. Inventory management is a large part of a business’s success.