article thumbnail

The Ticket to Earn Customer Loyalty

Retail Smart Guys

Have you ever wondered why other retail stores excel in grabbing more customers while others do not? Your competitors might know their market well and how to keep them! Skip planning a business only on your accord but prioritize the things they want. Why do their customers keep coming back? 1 Brand New Merchandise to Explore.

article thumbnail

Loss Leader Pricing: Powerful Tool or Slippery Slope?

Wiser

It requires a thorough analysis of your target market, competition, and overall business goals. 3: Optimized Store Layout In a boost for retailers, loss leader pricing can actually help you design the layout of your store (or store layout can help you decide which items to price at a loss).

Insiders

Sign Up for our Newsletter

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

article thumbnail

Inventory Management Workshop

DMS Retail

Introduction to Negotiation, Negotiation Process, Planning, Targets & Aspirations, Common Mistakes in Negotiations). The crux of category management is category design or, as sometimes called, the category plan. Assortment Planning. Assortment planning carries a lot of weight in successful inventory management.

article thumbnail

Inventory Management Workshop

DMS Retail

Introduction to Negotiation, Negotiation Process, Planning, Targets & Aspirations, Common Mistakes in Negotiations). The crux of category management is category design or, as sometimes called, the category plan. Assortment Planning. Assortment planning carries a lot of weight in successful inventory management.

article thumbnail

How to Sell More Cars – People Counting Technology in Car Dealership

V Count

Utilizing a visitor analytics platform, you can produce tailored reports, charts, and graphs, compare critical metrics for your dealership, and optimize various aspects of your operations, such as staffing, store layout, and customer service. As a decision-maker, understanding your customers’ preferences is essential.In

article thumbnail

An Insider’s View of In-Store Performance Metrics with Private Crowd

Wiser

Who is the store’s target market? The same is true for retailers and brands that choose to use in-store performance metrics to improve their offerings. On the other end of the spectrum, your most loyal customers have a treasure trove of opinions about your store layouts, ideas for overall improvement, and more.

article thumbnail

How Demographic Analysis Solutions Benefit Your Business

V Count

It’s nearly impossible to dive into the personal level when cooking up business growth plans but data usually speaks the truth, provided you have the right technology and solutions to add meaning to it. Using this visualized data you can tell the gender and age distribution of customers showing interest in your stores.