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How to Build a Highly Profitable Product Assortment Strategy (2021)

Retalon

It needs to be relevant to the current (and upcoming trends), as well as sensitive to the unique geo0demographics of your channels and locations. Don’t use the same product assortment across all locations. Clustering retail locations by common attributes let you tailor the assortment more closely.

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Online vs. Offline Retail – Blurring the Line between Bricks and Clicks

Retalon

The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency. If you doubt the benefit of such a strategy, just consider the speed at which Amazon has started to acquire physical locations – over 500, including Wholefoods and book stores.

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Retail AI & Predictive Analytics Blur the Line between Bricks and Clicks

Retalon

The debate over bricks (physical locations) versus clicks (online stores) has long centered on several key factors, including: – Cost efficiency. If you doubt the benefit of such a strategy, just consider the speed at which Amazon has started to acquire physical locations – over 500, including Wholefoods and book stores.

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Predictive Analytics Brings Retailers Closer To Omni-Channel Customers

Retalon

Opening new stores can be expensive and risky, which is why many retailers have began connecting with their customers through Facebook, mobile apps, e-commerce stores, and pop-up/kiosk locations. Ultimately many retailers will often compete on the fulfillment strategy. Buy in-store, return to another store (46%).