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How Hydra Health is Transforming the Hospital Gift Shop

Retail TouchPoints

Design concepts and even merchandise assortments are further customized based on the facility’s geographic location. Then the Hydra team can drill into top-performing categories and use traditional retail metrics, such as monthly performance and revenue per square foot, to further optimize the store layout, experience and services.

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The Signs of Bad Shopping Experiences and How to Mitigate Them Using Digital Surveys

Retail TouchPoints

Online retailers and brick-and-mortar stores are having a tough time keeping up with the ever-growing digital market and the audience characteristics that are developing with it. Capturing this digitally, with short questionnaires at in-store kiosks, allows improvements to be measured and tracked in real-time.

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The Secret to Safe, Profitable Pandemic-Era Retail? Look to Video Analytics

Retail TouchPoints

The systems can send alerts whenever the store occupancy limit has been reached or there’s a high concentration of shoppers in the same location. Many stores have posted marks on their floors to remind customers to stand at least six feet apart. Store Security. Social Distancing. Contact Tracing. Customer Demographics.

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The Impact of AI Technologies on Retail: Examining Benefits and Transformations in Shopping

V Count

Therefore, embracing AI technology is not just a luxury but a necessity for retailers who wish to stay ahead in the competitive market. Access to real-time data means being able to pivot quickly and strategically in response to market trends or consumer feedback. They analyze performance on a store-by-store and location basis.

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The Future Of Retail Real Estate: Adapting To E-Commerce Trends

Retail Minded

Navigating the Changing Landscape of Retail Real Estate in the E-Commerce Era The retail industry has seen a dramatic shift in recent years, as the rise of e-commerce has disrupted traditional brick-and-mortar stores. Another strategy is to create compelling, immersive in-store experiences that cannot be replicated online.

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How to build a bricks-and-mortar store that attracts and retains customers

Inside Retail

Some of them are tried and true, such as store layout and design, customer service and convenience. Others are more novel, such as experiential retailing, retail greening, and collaborative marketing. Regularly conduct audits of the store to see what is working and what requires improvement. Don’t waste this opportunity.