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Want to See Success in 2025? Answer These 5 Questions

Retail TouchPoints

Combining dopamine-driven marketing tactics like games and giveaways, coupled with vast assortments, theyre creating addictive spaces that inspire people to shop. If merchants do not have this clarity, they will simply fall into the middle and fail to stand out to their target customers.

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The Next Generation of Shoppers Needs a Next-Generation Strategy

Retail TouchPoints

They want shopping to be fast and fun — less of a process. That’s why Synchrony partnered with payments startup Skipify, which enables purchases instantly across email, text, social and other channels. This new way of shopping is a powerful retail trend toward simplifying, speeding and improving the online shopping experience.

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Does Procurement Play a Role in Retail Recovery?

Retail TouchPoints

But through this disruption, retailers began to see that their procurement process is in many ways the linchpin for maximizing revenue and reducing spend as the economy recovers post-pandemic. Specifically, procurement can help retailers optimize their spending on goods and services that are NOT for resale, also known as GNFR.

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More Private Label, Smaller Store Footprints: How COVID-19 Is Accelerating Existing Retail Trends

Retail TouchPoints

Mass merchants in particular have benefited from this change: private label sales in the segment have increased by 41% over the past five years , approximately 4X higher than overall private label growth. In comparison, one hot market that may cool off is resale. COVID-19 Creates The Foundation For Private Label Renaissance.

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Next Steps in Sustainable Apparel Retail: Consumer Communication and Carbon Offsets

Retail TouchPoints

To guide these consumers — and perhaps raise the green consciousness of others — retailers should certainly publicize their own sustainability efforts. A logical next step is for merchants to educate themselves about the sustainability of the brands and items they sell, particularly in the apparel space.

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12 Best Ecommerce Platforms and Software for Your Online Store

Small Biz Trends

Besides having a brick-and-mortar shop, going online to offer your products and services comes with lots of opportunities for your business. An eCommerce platform is a software application that helps businesses sell products and services online. Top 12 Ecommerce Software Options for Small Business.

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Deliver-to-door food subscriptions remain popular post-lockdown

A1 Retail

Almost a fifth of UK adults are signed up to a food or restaurant meal subscription service. Consumer appetite is here to stay as two in five Brits with subscriptions plan to take out more subscription services because of the convenience they offer.