Inside Retail

MARCH 28, 2022

For example, if your gross profit margin is less than 50% and you’re currently spending 20-30% of your revenue on acquiring customers, it makes it very difficult be able to build a solid foundation to accelerate growth by investing further in talent and marketing whilst remaining profitable. No metric is an island.

Advertising 130

Advertising Customer Retention Drop-Shipping Merchant Services 130

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. First-party data is increasingly important.

Home Furnishings 52

Home Furnishings Checkout Customer Retention Shopping 52

Retail Minded

JULY 29, 2023

Automation and analytics have made it possible for retailers to identify customer trends quickly and respond in real time. This helps them understand customer needs better and create more targeted marketing campaigns that yield higher returns on investments (ROI).

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retail Minded

JULY 29, 2023

Automation and analytics have made it possible for retailers to identify customer trends quickly and respond in real time. This helps them understand customer needs better and create more targeted marketing campaigns that yield higher returns on investments (ROI).

Payment Services 52

Payment Services Consumer Inventory Management Promotions 52

Retalon

FEBRUARY 15, 2024

Step 6: Enhance Sales Forecasting Accurate sales forecasting is quintessential for strategic retail planning. This precision in forecasting translates into better inventory planning, resource allocation, and marketing efforts – ensuring resources are invested where they yield the highest returns.

Inventory Management 41

Inventory Management Management Marketing Inventory Turnover 41

I Vend

MARCH 14, 2022

Shoppers are also returning in their droves to brick and mortar shopping – PWCs’ 2021 Global Consumer Insights Pulse Survey found that almost half the respondents now visit physical retail stores, with 75% planning to do so. That is a massive step towards beating competition and taking a bigger share of the optical retail pie.

Customer Retention 98

Customer Retention Discount Store Department Stores Target Market 98