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How Rising Prices Shape Consumer Behavior

Retail Focus

Inflation has an impact on nearly every aspect of the economy, including raw material costs, wages, transportation, and, ultimately, the prices consumers pay for goods and services. Rising costs and shifts in consumer behaviors have a significant impact on the retail industry.

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Revealed: The secret CX strategies to dominate in a downturn

Inside Retail

In the current state of retail, demand and conversion rates are steadily dropping among traditionalist shoppers. The increased cost of living and soaring interest rates have caused consumers to think twice before opening their wallets. Demand is falling, conversion rates are dropping, and customers are cautious. Good value.

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What Is Showrooming and What Should You Do About It?

Wiser

This removes the hurdle of searching a product on Google, by allowing consumers to use their preferred online retailer app to check a price in seconds. Other online perks like same-day or two-day delivery and free shipping also make it more beneficial to showroom. Amazon’s app, for example, allows shoppers to check prices.

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RangeMe Recap of the 2021 Global Market: Fall Experience

Rangeme

Plus, attendees got to join live educational sessions from top leaders and experts in the consumer packaged goods (CPG) and retail industry. Generation Z was a hot topic during Global Market, as retailers have started recognizing their influence on consumer spending. Here are seven to take note of: Gen Z, the “Zoomers”.