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10 Different Techniques to Try to Increase High-End Retail Sales

Retail Focus

Capitalize on Personalized Services Many luxury brands would benefit from allocating part of their budgets to highlighting the customer experience. It’s one of the best ways to increase sales because it treats customers like individuals and tailors their experiences. Personalization falls into this category.

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Opinion: How Experiments Influence Customer Decisions in a Digital-First World

Retail TouchPoints

This is famously called psychological pricing or charm pricing. Retailers also use bundle pricing strategies, wherein organizations sell a set of goods with lower prices than they would have charged if the customer bought all of them independently. market basket analysis.