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How Brands can Deliver More Value to Shoppers in 2023

Retail TouchPoints

In general, retailers are experimenting with a variety of promotional components to convey value, reduce the actual cost of products and win the battle for the customers’ wallet. Loyalty programs, as well as strategically deployed marketing tactics, can help retailers win over hesitant consumers. More Efficient Marketing Channels.

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Sweaty palms and bargain bins: Why consumers are flocking to dollar stores

Inside Retail

Discount stores are booming in post-Covid Europe as price-sensitive consumers seek out bargains amid inflation and the devastating impacts of the pandemic. Pepco Group currently trades from over 3000 stores in 15 territories across Europe, meeting the needs of 50 million shoppers each month.

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Independence Day Trends: What Consumers Purchased Fourth of July 2023

Wiser

This way brands and retailers know what kind of market climate they are dealing with instead of going in blind. In fact, just this year, Salt Lake City, Utah made the switch over from fireworks to drones in order to promote safety after a record number of wildfires. percent since May of 2022.

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How can department stores pivot ahead of a spending decline?

Inside Retail

It’ll be those discretionary categories – [such as] footwear, clothing, accessories and possibly even consumer electronics that will struggle [to] make gains in the market,” Mortimer said. He said that both brands have cut costs, right-sized by closing stores and exiting leases, and expanded on its private label ranges.

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Overstock Liquidations

Independent Retailer

Getting Rid of Overstock Retailers can sell overstock inventory by using various methods such as clearance sales, discount promotions, and online marketplaces. Another way would be to liquidate the inventory by offering bulk discounts to other businesses or by using an inventory liquidation service. Evergreen Marketing, Inc.

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NRF: Consumers budgeting $875 for holidays

Mass Relators

That is followed by department stores (49%), discount stores (48%), and grocery stores and supermarkets (44%). When shopping for gifts, 62% say sales and promotions are even more important to them this year than last year.

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Amidst high inflation, sari-sari stores are the lifeline for all Filipinos

Inside Retail

Prices are rising around the world, but while markets such as the US, UK and Australia are battling inflation rates of between six and eight per cent, consumers in the Philippines are paying as much as 15.62 I live in a lower-middle class neighbourhood, and I can say that these stores serve as the grassroot centre of economic activity.

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