Storis

APRIL 18, 2024

Crafting enticing reward and membership programs is a competitive advantage, especially as customers are inundated with choices and retailers compete on overlapping product offerings. Promoting customer loyalty programs is critical to sustained retail success. Talk to a Sales Professional What is Customer Lifetime Value?

Payment Services 52

Payment Services Customer Retention Promotions Accounting 52

Storis

APRIL 12, 2024

Crafting enticing reward and membership programs is a competitive advantage, especially as customers are inundated with choices and retailers compete on overlapping product offerings. Promoting customer loyalty programs is critical to sustained retail success. What is Customer Lifetime Value?

Payment Services 52

Payment Services Customer Retention Promotions Accounting 52

Retail Focus

AUGUST 8, 2023

This can lead to increased conversions and higher customer retention rates. Digital Marketing and SEO To thrive in a competitive retail landscape, your business needs a strong online presence. This frees up your time to focus on strategic decision-making, financial planning, and growth initiatives.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shrinkage 130

Retail Minded

JULY 8, 2021

For you to stay ahead of the game, you must keep up with digital innovations and apply up-to-date marketing strategies. Although digital marketing is already a familiar and staple strategy for many establishments, some industries and businesses are still reluctant to engage in this approach.

Marketing 106

Marketing Customer Retention Target Market Planning 106

Retail TouchPoints

FEBRUARY 2, 2021

While that is a massive gap to close across markets, the wheels of change started churning in 2020 as U.S. businesses began searching for better customer engagement platforms to support their hastened shift to ecommerce. Knowing the difficulties WhatsApp has had with integration in the U.S. before, why would it be adopted now?

Shopping 223

Shopping Customer Retention Promotions Marketing 223

Retail TouchPoints

AUGUST 7, 2023

When building your digital marketplace, the customer should be at the center of your strategy — what do your customers want, and what are the needs of the customer base you are trying to acquire? From B2B services, mobility, travel, healthcare and housing, industries are collaborating as digital ecosystems.

Customer Experience 245

Customer Experience Customer Retention Marketing Shopping 245

Inside Retail

JUNE 28, 2021

To do so, marketers are leveraging more data, technologies, and channels to create this type of relevant and customised customer journey. While 88 per cent of retail marketers share integrated tech stacks with advertising teams, this alignment alone is not enough. A unified front has to span the entire customer journey.

Customer Experience 221

Customer Experience Customer Retention Payment Services Advertising 221

Independent Retailer

JULY 22, 2022

Word-of-mouth marketing, such as these campaigns, has a 37 percent higher customer retention rate than traditional advertising. An important thing to remember is that influencer marketing campaigns do not always translate to immediate sales. The main goal of this tactic is to gain exposure and get new customers.

Marketing 52

Marketing Customer Retention Advertising Promotions 52

Retail TouchPoints

AUGUST 15, 2022

Results from Retail TouchPoints’ annual Customer Loyalty and Personalization Benchmark Report reaffirm that retailers are focused on building a strong foundation of first-party data to support their supply chain, in-store services, omnichannel marketing and experiential strategies. . Collect and Leverage First-Party Data .

Drop-Shipping 236

Drop-Shipping Shipping Outdoor Customer Retention 236

Retail TouchPoints

JULY 10, 2023

That task isn’t getting any easier, thanks to brand extensions, new colors, new flavors, new packaging, promotions, lite products, gluten-free everything, digital device releases and more. The result is improved profit margins, as retailers can better attract and retain customers with a more fluent pricing strategy.

Merchant Services 279

Merchant Services Customer Retention Shipping Marketing 279

Inside Retail

MARCH 14, 2023

When it comes to the Asia-Pacific market , three in five marketing professionals regard social media as more important due to economic uncertainties, according to a recent State of Social Report from software firm Meltwater. According to Mahmood, social media datasets hold immense potential for marketers. “Be

Payment Services 130

Payment Services Customer Retention Marketing Consumer 130

Retail TouchPoints

JULY 1, 2021

Most traditional forms of marketing, and even social media marketing, are prohibited or severely limited. For example, California, Connecticut, and New Jersey — a recent entrant into the ‘fully legal’ category — all differ in their related advertising and marketing laws. Why does customer loyalty work?

Customer Retention 190

Customer Retention Advertising Consumer Marketing 190

RETAIL MANAGEMENT SOFTWARE

APRIL 24, 2023

Emerging Trends in Retail Customer Loyalty Programs If you’re ready to implement a loyalty program for your retail business, it’s essential to understand the current market and future forecasts. Subscription-based loyalty programs can create a sense of exclusivity and commitment among customers, leading to greater loyalty.

Customer Retention 84

Customer Retention Management Promotions Clienteling 84

Retail TouchPoints

JULY 19, 2021

In fact, experts and practitioners across the retail spectrum largely agree that the store is a crucial vehicle for customer retention, engagement and loyalty. Even once-digital only brands like Warby Parker have doubled down on their store investments. Transforming the Advertising Mix.

Advertising 299

Advertising Customer Retention Consumer Fulfillment 299

Retail Minded

FEBRUARY 18, 2023

Because of these exorbitant costs of customer acquisition, businesses are shifting their focus on customer retention to drive repeat purchases among customers. On the other hand, Amazon receives repeat purchases from these customers every month which boosts its revenue. Check out the screenshot below.

Customer Retention 52

Customer Retention Promotions Customer Experience Marketing 52

Wiser

DECEMBER 5, 2023

It requires a thorough analysis of your target market, competition, and overall business goals. Understanding Loss Leader Pricing Loss leader pricing is a strategy where products are priced below market cost to stimulate other, more profitable sales. Same with razors, as you can keep the handle and swap out the blades.

Store Layout 78

Store Layout Customer Retention Consumer Marketing 78

365 Retail

OCTOBER 19, 2023

To foster expansion, you must optimise various aspects of your business, from customer experience to data analysis. Identifying Market Opportunities Recognising market gaps and consumer demands is paramount for e-commerce growth. Spend time dissecting your sales data and customer feedback.

Customer Retention 52

Customer Retention Inventory Management Promotions Marketing 52

V Count

MAY 5, 2021

Sales per employee Measuring sales per employee is a valuable metric to consider when planning your staff’s schedules and initiatives. This metric can be used when planning your store layout. Improve space planning & store layout. Optimize prices & marketing promotions. net sales/number of employees.

Net Profit 52

Net Profit ATV Customer Retention Store Layout 52

Retail Minded

SEPTEMBER 30, 2022

This approach has proven useful in various fields, including digital marketing, ecommerce, B2B business, etc. Companies in different industries use tools like SaaS marketing software, inventory management tools, and CRM systems that rely on data to provide valuable insights. . Let’s say you’re planning to offer SaaS or IaaS solutions.

Customer Retention 52

Customer Retention Inventory Management Marketing Promotions 52

365 Retail

NOVEMBER 14, 2022

With Black Friday and Cyber Monday just around the corner, planning for a successful 2022 peak season is essential – now more than ever. But the peak season sales market is a competitive one, so getting ahead of the game and understanding your customer’s wants and needs is critical. Plan, plan and plan some more!

Merchant Services 59

Merchant Services Payment Services Inventory Management Fulfillment 59

I Vend

JULY 8, 2022

More than just transactions A customer facing display can perform a multitude of roles in delivering a positive retail experience: Visual confirmation of item and price – the primary role of a customer facing display is to let customers to see each item as it is rung through the retail POS system.

Customer Experience 52

Customer Experience Checkout Customer Retention Promotions 52

Hyken

NOVEMBER 27, 2023

Field Tested Tips for Aligning Customer Service and Marketing by Ronnie Gomez (Sprout Social) If a business is an orchestra, then every department is its own instrument. And there’s no sweeter harmony than what’s created through collaboration between customer service and marketing.

Customer Experience 56

Customer Experience Customer Retention Marketing Promotions 56

RETAIL MANAGEMENT SOFTWARE

DECEMBER 24, 2021

The Retail market landscape has seen significant changes in retail trends and shifts in consumer behavior since the coronavirus breakout, but the industry now appears more optimistic about the growth prospects. Adoption of the omnichannel distribution system and cross-channel marketing. Personalization in the data mining age.

Retail Trends 94

Retail Trends Consumer Payment Services Fulfillment 94

Hyken

OCTOBER 27, 2023

This week, we feature an article by Srushti Shah, Head of Product Marketing for Middleware. She writes about how flexible workspaces revolutionize work, enhancing customer experiences through cost savings, increased productivity, and a dynamic, collaborative environment.

Customer Experience 48

Customer Experience Customer Retention Promotions Fulfillment 48

Independent Retailer

APRIL 28, 2022

A great way to maximize the impact a loyalty program can have on a business is by associating promotions with significant shopping holidays like Valentine’s Day, Mother’s Day, Father’s Day, and Christmas.

Returns 52

Returns Customer Retention Promotions Consumer 52

Retail Minded

JULY 29, 2023

These statistics underscore the need for businesses to comprehend and adapt to the evolving currents of customer buying behavior. The market environment is experiencing a significant change, and it is crucial for companies to ensure their continued commitment to staying updated with present trends and progressions in order to prosper.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retail Minded

JULY 29, 2023

These statistics underscore the need for businesses to comprehend and adapt to the evolving currents of customer buying behavior. The market environment is experiencing a significant change, and it is crucial for companies to ensure their continued commitment to staying updated with present trends and progressions in order to prosper.

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retail Gazette

SEPTEMBER 19, 2023

Footasylum opens on Oxford Street this week Bown revealed earlier this year that it plans to open “bigger and better stores” to cater for the growing demand in the footwear and streetwear sector. Aurelius got it at steal, particularly when one considers the fast-growing market in which Footasylum trades in.

Fashion 52

Fashion Customer Retention Shopping Planning 52

Storis

MARCH 21, 2023

In fact, research shows that with follow-up or targeted marketing, approximately 20% of originally unsold guests can become converting customers. Likewise, the goal of retailers today shouldn’t be a singular sale, but rather customer retention. Make a note to check in personally if they haven’t converted online.

Home Furnishings 52

Home Furnishings Checkout Customer Retention Shopping 52

Rain Pros

AUGUST 18, 2023

It has intensified competition by making it easier to enter the market, offering more choices for consumers and making it easier to make informed choices and demand better value for money. You should plan for scalability from the beginning and ensure the platform can handle the expected growth in orders, traffic and products.

Payment Services 52

Payment Services Drop-Shipping Shipping Inventory Management 52

Rain Pros

AUGUST 18, 2023

It has intensified competition by making it easier to enter the market, offering more choices for consumers and making it easier to make informed choices and demand better value for money. You should plan for scalability from the beginning and ensure the platform can handle the expected growth in orders, traffic and products.

Payment Services 52

Payment Services Drop-Shipping Shipping Inventory Management 52

Wiser

MARCH 16, 2021

And Mert is also an expert in digital marketing and analytics. And we’ll be drawing on his decades of experience in the space to speak on the customer journey today. I’m going to present a couple slides today on the market, Mert is going to talk a lot more about his experience helping eCommerce businesses grow and optimize.

Marketing 78

Marketing Planning Advertising Consumer 78

Retail TouchPoints

NOVEMBER 30, 2023

The innate connections we have with food and beverage brands, especially those we have grown up with, create a built-in opportunity for companies like PepsiCo to drive customer retention and loyalty. RTP: How has PepsiCo adapted its approach to marketing and engagement as a result of these evolving behaviors?

Consumer 298

Consumer Customer Retention Marketing Advertising 298

365 Retail

OCTOBER 31, 2022

While consumers are still preoccupied with settling into back-to-school routines, forward-thinking marketers know it’s time to kick their efforts into high gear. Therefore, the effective promotion of goods at a discounted price will be crucial for retailers’ success. . Getting your customer data clean. Get your IP Santa-ready.

Marketing 52

Marketing Customer Retention Retail Marketing Consumer 52

Retalon

AUGUST 22, 2023

Ecommerce continues to rapidly gain market share year after year. With rising costs across the supply chain, effectively managing GMROI through careful inventory planning and merchandising strategies is more critical than ever. However, a good rule of thumb is CLV should be 3:1 of customer acquisition cost (CAC).

Customer Retention 41

Customer Retention Returns Payment Services Promotions 41

V Count

OCTOBER 5, 2022

However, running a retail store and aiming for a higher profit margin requires not just planning but also a lot of hard work. Retailers need to understand whether their customers are growing, declining, or remaining the same. You may want to sell more of these items or promote them more prominently in your store.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

RETAIL MANAGEMENT SOFTWARE

FEBRUARY 10, 2022

ChainDrive point of sale solution allows you to pull up customers’ previous transactions, replicate their past orders, quickly find their delivery information, cash register notes, and more. That will lead to servicing more customers at a time and saving your customers time and energy. Does it give retail insights?

Point of Sale 81

Point of Sale Customer Retention Management Promotions 81