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How retail outlets can keep costs down

Retail Focus

According to a recent study, the costliest in-store operating expenses are labour, rent, marketing and energy so these are great places to start when looking to cut costs. Customer Retention is Key.

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KPIs In Retail: 7 Essential Metrics to Level Up Your Retail Game

V Count

If your net profit is on the low side, you may look into finding ways to reduce your operating expenses. Streamline operations to reduce expenses. Organizing and holding events to attract customers. Driving traffic from existing customers. Why measure customer retention rate? CE-CN)/CS)) x 100.

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5 tips every footwear store owner should know

RETAIL MANAGEMENT SOFTWARE

Building a loyal customer base is crucial to thrive or even survive in the footwear business. While marketing and consumer management professionals seem to agree that there is no magic formula for customer retention, experts believe there are a few retail business tips that shoe brands and retailers may use to keep their customers loyal.