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Essential Ecommerce Statistics Every Business Should Know for Success

Small Biz Trends

Key Takeaways Ecommerce Growth: Global retail ecommerce sales reached approximately $6 trillion in 2023, with projections to hit $8 trillion by 2026, highlighting significant market opportunities for small businesses. Adapting your online store for mobile users enhances the shopping experience and drives higher conversion rates.

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Maximize Your Success in Holiday Retail with Expert Strategies

Small Biz Trends

E-Commerce Growth: Capitalize on the increasing trend of online shopping by optimizing your website for mobile use and facilitating user-friendly checkout processes as more consumers shift to e-commerce. Creating promotional events, like small business Saturday or holiday markets, attracts more foot traffic to your storefront.

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Effective Strategies to Save Your Retail Business from Decline

Small Biz Trends

Embrace E-Commerce: Establishing an online presence is essential for expanding market reach and meeting customer demands for convenience. Enhance In-Store Experience: Focus on customer service, efficient checkouts, and loyalty programs to improve retention and encourage repeat visits.

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Maximize Profits: 18 Strategies for Post-Holiday Retail Success

Small Biz Trends

Key Takeaways Understand Consumer Behavior Shift: Post-holiday shopping sees consumers seeking personal deals, making it essential to tailor marketing strategies to focus on clearance and promotions. Strategy 2: Implement Targeted Marketing Campaigns Use holiday sales data to inform your sales strategy.

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How Retail Loyalty Programs Hook Gen Z: A Marketing Strategy That All Students Need to Learn

365 Retail

In today’s competitive retail environment, successful loyalty programs feature digital-first capabilities, such as: Mobile Apps & Digital Wallets: Retail chains such as Starbucks and Nike have set the bar high with app-based loyalty programs, offering targeted discounts, rewards tracking, and frictionless checkout experiences.

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Hitachi Vantara Offers Retailers Lidar-Based Grab-and-Go Self-Checkout

Retail TouchPoints

Hitachi’s automated shop technology uses lidar (light detection and ranging) sensors instead of relying on cameras and video. Hitachi Vantara has launched the Grab-N-Walk Out solution, which is designed to help customers take want they want, pay and leave with minimal friction.

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You Can’t Spell Retail Without AI

Retail TouchPoints

From backend inventory optimization to identifying salesfloor hotspots to highly targeted marketing programs, we’re seeing an influx of great retailing practices, all being driven by AI. AI helps grocery managers optimize staff, advising on how many employees and checkout lanes are required. Practical Benefits of AI in Grocery.

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