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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Temple & Webster also has plans to achieve $1 billion in annual sales within the next three to five years. It plans to increase its brand spend in the upcoming financial year. However, in this macroeconomic environment, customers are particularly responsive to a high-value offering. “We

Planning 246
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What’s in Store for Grocery in 2022?

Retail TouchPoints

Meanwhile, rising energy, shipping and labor costs means higher prices for many grocery items. As Mark Cuban said recently , “We have bifurcated into an economy where there are companies that are good at AI and then there is everybody else.”. Merchandise assortments will shrink dramatically.

Grocer 296
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Wiser Insights: Navigating 2023’s Online Back-to-School Retail Trends

Wiser

The convenience, variety, and value offered by online platforms presents a compelling proposition for consumers. Parents and students alike can browse and compare a vast array of products at their leisure from the comfort of their homes. Ratings and reviews are a key piece of the puzzle and show popularity and value.

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Black Friday & Cyber Monday 101

Independent Retailer

While there certainly will be bargains offered, and there are still shoppers that plan their budgets and schedules around the discount event, overall, the joy of BFCM has been diluted, according to LoyaltyLion ’s most recent survey. Survey Says BFCM Brands Can Do Better. LoyaltyLion recently queried 2,014 U.S.

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How to Write a Price Increase Letter + Examples

Small Biz Trends

Don’t let your loyal customers learn your plan to increase prices from anyone but you. Contact customers directly to explain the upcoming price hike, and be sure that the messages are personally directed at each individual customer by name. Please contact us at [Phone Number/Email] with any questions, comments or concerns.