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How Rising Prices Shape Consumer Behavior

Retail Focus

Retailers face mounting expenses throughout supply chains, from manufacturing to shipping fees. A store that previously sold shoes for $50 may now charge $65 in order to maintain the same profit margin. Discount Retailers and the Appeal of Value Shopping Dollar stores and discount chains expand as inflation rises.

Consumer 130
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12 Proven Customer Retention Strategies in Retail

RETAIL MANAGEMENT SOFTWARE

How to Implement: Use customer data to send personalized emails or offers, such as birthday discounts or promotions, based on their purchase history. Offer a personalized shopping experience both online and in-store, where customers feel that their preferences and needs are understood.

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The 9-Month Gap: Why Retail Display Execution Often Falls Short of the Plan

Wiser

In the consumer-packaged goods (CPG) industry, seasonal retail displays are planned months in advanceoften 8 to 9 months before they hit store floors. Brands like Haribo, General Mills, and Nestl lock in Halloween promotions in Q1, ship mid-summer, and expect execution by late summer. Store layouts change.

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Inventory Accuracy: The Not-so-Secret Ingredient for Holiday Sales Success

Retail TouchPoints

This created a ripple effect for retailers that were experiencing a higher volume of ecommerce orders and had to leverage stores as fulfillment centers to process and ship online orders. As stores were closer to consumers in the “last mile,” orders shipped from stores were able to arrive much more quickly and cost effectively.

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How Do You Manage Multiple Retail Stores?

RETAIL MANAGEMENT SOFTWARE

While each store sells products differently, you still need to have standard procedures to ensure that your stores perform at optimal efficiency. Store organization : If you practice heat mapping, you may have slightly different store layouts. Make sure you have a policy in place for cross-store transfers.

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Creating Retail Agility Requires a New Way to Think about Data

Retail TouchPoints

From store layout and merchandising to the digital experience and social media, retailers can utilize changes in customer behavior data to learn what translates into increased revenue and brand loyalty while uncovering new trends, areas of opportunity and hidden relationships as they’re happening. Identifying the Right Use Cases.

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Holiday Retail Sales: 10 Strategies for Winning Shopper Interest

RETAIL MANAGEMENT SOFTWARE

From festive window decorations to well-organized in-store layouts, retailers aim to create an immersive and inviting atmosphere that captures the attention of shoppers. Strategic Discounts and Promotions: Shoppers are on the lookout for the best deals during the holidays, and retailers know this.