article thumbnail

Does Procurement Play a Role in Retail Recovery?

Retail TouchPoints

For most types of consumer retail stores, the pandemic scared regulars away, diminished traffic from visitors, altered consumer preferences, snapped formerly reliable supply chains and required dramatic shifts in the way stores serve their clientele. But that’s only part of the story.

article thumbnail

CryptoCurrency Paving the Way to Retail Success

Independent Retailer

An increasing number of businesses worldwide are adopting cryptocurrency as a way for consumers to pay for goods and services. If this trend continues, crypto could become a regular form of payment for shoppers. Crypto Payments Help Deliver a Competitive Advantage. and Canada.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Best Practices For Fraud Prevention In Risky eCommerce Niches

Retail Minded

Safeguarding both the enterprise and its clientele through robust fraud prevention strategies becomes not just important, but imperative. Their dynamic nature makes them an invaluable asset in safeguarding the integrity of eCommerce platforms, ensuring a secure and trustworthy environment for both businesses and consumers.

article thumbnail

How bonuses and incentives help customer retention 

365 Retail

However, it is crucial to convert occasional consumers into devoted clients who consistently purchase your product or service since this is as important, if not more significant, for the success of your organisation. Sustaining long-term consumers is crucial for virtually every kind of organisation. What is customer retention?

article thumbnail

2024 Industry Trend Guide

Storis

The State of the Home Furnishings Industry With abundant opportunity, let’s explore how market and consumer behavior position retailers for success. economy is driven by consumer spending and a thriving job market. A decreasing Consumer Price Index (CPI) rate of 3.2%can Retailers are also offering services within their spaces.

article thumbnail

5 Marketing Strategies To Help You Find New Customers

Retail Minded

You may also want to enter a partnership with those stores that have the same clientele as your business. Social media platforms are consumer-centric networks that you can tap into to find ideal merchants for your business. This may mean selling your product and offering their gifts and the like. Think Influencer Marketing.

article thumbnail

Inside Westfield Century City’s Infrastructure Supporting Experiential Retail

Retail TouchPoints

It’s truly a space where we offer consumers something exciting — they never quite know what to expect. It’s challenging what consumers think a mall is and challenging what they expect from retail.” When the calendar is empty, consumers can flock to this space to eat, relax and recharge amid their busy shopping expeditions.