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Guest Post from Flame Analytics: The Rise of Pop-Up Shops: Benefits and How to Start One

Retail Adventures

Photo: Flame Analytics In today's ever-evolving retail landscape, one trend that has been gaining momentum is the rise of pop-up shops. These temporary retail spaces offer a unique opportunity for businesses to engage with customers in a fresh and innovative way. What is a Pop-Up Shop?

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Ferguson Plarre Bakehouses looks to expand drive-thru model

Inside Retail

“We will be using the opening of the first concept store to optimise the customer experience and embed it in future drive-thru locations. We’ve already ear-marked a number of locations for development.” . The new concept will extend the brand’s expansion opportunities beyond strip and shopping centre locations.

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Signet Jewelers Acquires Diamonds Direct to Boost Bridal Offerings

Retail TouchPoints

Signet Jewelers has entered into an agreement to acquire Diamonds Direct USA , an off-mall jeweler with 22 locations, in a $490 million all-cash transaction. Signet expects to benefit from Diamonds Direct’s bridal offerings and high-touch shopping experience, which has made it a destination for younger, luxury-oriented bridal shoppers.

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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. In physical stores, we’re seeing AI used to improve the customer experience. For shoppers, AI helps improve the customer experience.

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How to Build a Better Retail Assortment Strategy

Wiser

A well-curated retail assortment bridges the gap between customer preferences and demand for the products offered, ensuring that each item in your inventory adds value to the customer and your business. 1: Identify Your Target Market To build an effective retail assortment strategy, you first need to identify who your target market is.

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Why your business might consider adopting a concierge business model

Clover - Retail

While luxury is often associated with concierge services, all they really mean is a personalized customer experience. That kind of experience can be offered by all types of small businesses–from restaurants to retail shops to service businesses. The pandemic was largely responsible for this shift.

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How ‘Retailtainment’ Multiplies the Impact of Experiential Spaces

Retail TouchPoints

These are experiences that will fuel retail because of the a-ha moments and awe they create and deliver.” Some shopping destinations, meanwhile, are bringing art and entertainment to their own real estate. That means the core metrics for success are tied to customer engagement and dwell time.