Wiser

NOVEMBER 29, 2023

Understanding the difference between trade promotion and consumer promotion is crucial for any business seeking to maximize its market impact and sales potential. These two promotional strategies, while aiming to stimulate demand and increase sales, target distinct audiences and employ different methods. What is Trade Promotion?

Promotions 146

Promotions Consumer Wholesale Advertising 146

Retail Smart Guys

SEPTEMBER 12, 2023

Promote an open-door policy to instill a culture of idea-sharing and issue-raising among team members. Inventory managers equipped with strong people skills can adeptly manage customer inquiries, address complaints, and handle special requests with empathy and professionalism. Start today!

Inventory Management 105

Inventory Management Management Markdowns Customer Retention 105

V Count

OCTOBER 5, 2022

You may want to sell more of these items or promote them more prominently in your store. When possible, avoid markdowns because they are good for decreasing profits. You will be able to sell more products and minimize the need for markdowns because of these better judgments regarding purchases, sales, and marketing.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Retalon

AUGUST 5, 2020

How effective are their promotional campaigns? Promotions Uplift Retail KPIs that Answer Questions About Customer Behavior 8. Customer Lifetime Value Which Retail Industry KPI is the Most Important? In particular, effective promotion planning depends on having accurate measurements of In-Stock Percentages.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41