Remove Customer Retention Remove Returns Remove Shopping Remove Target Market
article thumbnail

Leverage Tech in the 5-Step Selling Process

Storis

Today, retailers leveraging in-store technology to track guests and build shopping carts generate valuable data. In fact, research shows that with follow-up or targeted marketing, approximately 20% of originally unsold guests can become converting customers. First-party data is increasingly important.

article thumbnail

Adapting To Changing Consumer Behavior: Strategies For Indie Retailers

Retail Minded

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. These statistics underscore the need for businesses to comprehend and adapt to the evolving currents of customer buying behavior. So let’s get to it!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Adapting To Changing Consumer Behavior: Strategies For Indie Retailers

Retail Minded

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. These statistics underscore the need for businesses to comprehend and adapt to the evolving currents of customer buying behavior. So let’s get to it!

article thumbnail

Boost Sales & Loyalty: Mastering Retail Analytics Insights [2024]

Retalon

Retail analytics insights have morphed into a critical tool for decision-makers, striving to foster growth and customer loyalty. Retail analytics insights directly impact sales and customer loyalty by enabling more personalized shopping experiences and efficient inventory management. Data integration plays a pivotal role here.

article thumbnail

Clear vision – omnichannel retailing for optical brands

I Vend

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.