Inside Retail

AUGUST 23, 2023

The three most common causes of mental stress are preventable and relate to a lack of psychological safety at work. Put simply, psychological safety is a shared belief held by all members of a team that the team is safe for interpersonal risk-taking. These include clear boundaries and breaks, and daily health and self-care routines.

Management 130

Management Promotions ATS 130

Inside Retail

APRIL 10, 2024

Industry analysts have identified purchase trends that will have short-term and long-term consequences for manufacturers, brands and retailers alike. This shift in shopping behaviour is not particularly surprising for retailers but it does present a unique marketing challenge.

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Promotions Consumer Checkout Shopping 246

Retail TouchPoints

MARCH 27, 2024

The retail industry can benefit from adopting new ways of allowing employees to train safely, creating a path to progress without the risks to the learner, those who are evaluating them or the brand. I have seen it everywhere, from my time as a retail and hospitality business owner to working with some of the best operators in the industry.

Customer Experience 211

Customer Experience Store Operations Management Consumer 211

Inside Retail

NOVEMBER 17, 2021

Retail is an industry driven by metrics. Good retail design provides an experience that educates, facilitates social interactions, allows feelings of momentary escape, or provides a highly efficient purchase. Beauty has the ability to improve the success of all retail experiences. Retail needs neuro-experiences.

Beauty and Health 130

Beauty and Health Supermarket Discount Store Shopping 130

Inside Retail

NOVEMBER 23, 2023

Over the past decade, the Cyber Week sales period, anchored by Black Friday, has become a bigger fixture on the retail calendar. It has brought forward the all-important holiday season, as retailers push for the first-mover advantage, discounting before their competitors in an effort to get an early lead. per cent up on 2022.

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Consumer Fashion Accounting Planning 264

Inside Retail

JULY 27, 2021

Unsurprisingly, like many discount retailers, Pepco has a no-bells-and-whistles approach and has been reluctant to embrace online shopping, favouring bricks-and-mortar stores which have proven more cost effective given the average basket size is €7-8 euros. The retailer also supplements stores with an e-commerce offer.

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Consumer Discount Store Checkout Shopping 246

Inside Retail

APRIL 1, 2024

Building trust and psychological safety: Fostering collaboration and innovation Trust is fundamental in sales. By fostering open communication and creating a psychologically safe environment, leaders empower their teams to collaborate, be creative, to learn from one another and to innovate, which gives them a competitive edge.

Management 130

Management 130

Wiser

AUGUST 24, 2017

Or wondered how retailers decide if their promotion will be BOGO or 25 percent off? These pricing strategies deal with psychological pricing. That’s right, pricing is even more complex than just calculating margins and measuring price elasticity; psychological pricing is designed to appeal to a customer’s emotions. .

Markdowns 180

Markdowns Marketing Drop-Shipping Promotions 180

Inside Retail

APRIL 9, 2024

The current economic crisis has retailers scrambling to generate consistent sales and retain their customer base. Long gone are days when businesses handed out loyalty cards to incentivise more frequent purchases – retailers are being urged by industry experts and leading brands to reimagine customer loyalty.

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Customer Retention Consumer Planning Department Stores 130

Retail TouchPoints

MARCH 25, 2022

According to a recent survey of 500 consumers by the Emodo Institute , The Psychology of Store Selection , retailers should care a lot about the answer to this question. To deal with these changes, retailers must examine both the types of customers who are visiting their stores as well as when these shopping trips are taking place.

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Consumer Shopping Location Returns 248

Inside Retail

APRIL 18, 2021

The company says the standards have been set to further ensure physical and psychological safety for its employees and customers. . The post McDonald’s implements global inclusive workplace initiative appeared first on Inside Retail.

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Accounting ATS 264

Inside Retail

APRIL 26, 2024

Promotions with no real savings Macquarie Business School marketing professor Jana Bowden told Inside Retail that while much of consumers’ confusion arises from inconsistent pricing approaches between supermarkets, it’s also driven by cleverly designed sales strategies.

Supermarket 147

Supermarket Promotions Advertising Consumer 147

Retail Focus

JANUARY 23, 2023

Retail designers should take note of the significance of surface design in shaping the overall appearance and atmosphere of a retail space. By understanding the psychological impact of various surfaces, retail designers can develop spaces that not only look good but also emotionally connect with customers.

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Location Consumer ATS 264

Inside Retail

OCTOBER 17, 2022

The online wine retailer sent customers an email about the breach on Monday evening. According to the retailer, the customer information was accessed from a testing platform. This can include identity theft, impact to credit reports, fraud, physical and psychological harm or impact to reputation.

Accounting 243

Accounting ATS 243

Retail Focus

AUGUST 4, 2022

The past 2 years have resulted in some major changes to the retail industry, such as a significant increase in online shopping, the rise of localisation and other changes in consumer behaviours. The question we need to be asking is what is next for the retail sector? The post what’s next for retail?

Accounting 162

Accounting Returns Consumer Shopping 162

Retail TouchPoints

MAY 12, 2022

Berger shared several of the social and psychological underpinnings that cause people to trust communications from their peers over paid messaging from brands. He cited an experiment where a grocery retailer played French music in one store and German music in another.

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Marketing Advertising Consumer Shopping 222

Retail TouchPoints

DECEMBER 21, 2021

Ahold Delhaize ’s online retailer operating in the Benelux countries, bol.com , has taken a majority stake in delivery company Cycloon.

Management 253

Management Marketing ATS Customer Experience 253

Retail TouchPoints

SEPTEMBER 1, 2023

As an example, in previous years, many emerging brands had the advantage of securing national distribution at major retailers like Walmart that were open to taking risks with lesser-known brands. Retailers can more easily demonstrate to buyers that these brands can drive net new consumers to their categories.

Marketing 224

Marketing Consumer Fulfillment Accounting 224

Inside Retail

NOVEMBER 7, 2023

Lookbooks are gamified fashion collages that a user puts together with products from our marketplace,” Tony K Tan, the founding director of Smthgood, told Inside Retail. The post How social commerce platform Smthgood is reinventing eco-fashion in Asia appeared first on Inside Retail Australia.

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Social Commerce Fashion Accessories Accounting 264

Retail TouchPoints

SEPTEMBER 1, 2023

As an example, in previous years, many emerging brands had the advantage of securing national distribution at major retailers like Walmart that were open to taking risks with lesser-known brands. Retailers can more easily demonstrate to buyers that these brands can drive net new consumers to their categories.

Marketing 218

Marketing Consumer Fulfillment Accounting 218

Retail Wire

MARCH 4, 2022

Higher prices take some of the fun out of “retail therapy” and research shows that consumers are more likely to question their purchases.

Consumer 100

Consumer Marketing ATS 100

Retail Wire

AUGUST 20, 2021

There is definitely the different psychology with suburban and the urban customers right now,” Macy’s CEO Jeff Gennette said. The department store retailer reported that sales in suburban locations is above 2019 levels while those in urban centers continue to lag.

Location 100

Location Consumer Department Stores Shopping 100

Wiser

MARCH 17, 2020

Charm pricing, also known as psychological pricing, is a pricing strategy that uses odd numbers—often nines—to demonstrate perceived value to shoppers and convince them to buy. They want to feel like they’re getting deals, either against a similar brand or a different retailer. appeared first on Wiser Retail Strategies.

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Markdowns Consumer Retailing Pricing Promotions 135

Retail TouchPoints

APRIL 26, 2023

The COVID-19 pandemic brought more changes to the retail and related service sectors than any other event in recent memory. These situations continue to impact the retail environment and especially its employees. Retail managers now face employee management and safety challenges that require additional tools and oversight.

Management 240

Management Checkout Planning Returns 240

Retail Gazette

DECEMBER 8, 2023

Leading brands are now approaching loyalty as a digital transformation initiative, with retailers including Victoria’s Secret, Under Armour and JD Sports all having launched or redesigned their loyalty programmes in recent months. This data allows the retailer to send tailored promotions, enhancing personalisation and effectiveness.

Customer Retention 100

Customer Retention Promotions Checkout Accounting 100

Retail TouchPoints

FEBRUARY 18, 2022

Eco-friendly retail brands and marketers of ‘green’ products face a unique challenge that not many industries encounter. Using cognitive psychology and data science, marketers and data scientists have the opportunity to understand the true motivations driving an individual’s decisions. Low Cognitive Flexibility.

Consumer 212

Consumer Marketing Spend Apparel Marketing 212

Inside Retail

OCTOBER 26, 2021

The appetite for any sort of travel is incredible, nothing we’ve ever seen in more than a decade of Luxury Escapes,” Schwab told Inside Retail. In psychological terms, this behaviour is what we call ‘reactance theory’ and it motivates us to react and resolve the situation. This has created a sort of perfect storm.”.

Consumer 246

Consumer Planning Returns ATS 246

Retail Minded

OCTOBER 18, 2023

In the vibrant corridors of retail environments, where consumer activity perpetually buzzes, the strategic allocation of retail space emerges not merely as a tactic but as an essential strategy, intertwining security and spending patterns.

Payment Services 59

Payment Services Visual Merchandising Store Layout Promotions 59

Inside Retail

APRIL 27, 2023

They’ll endure deprivation, physical pain, and psychological mind games as they embark on a game of survival of the fittest. Research from Kellogg University shows that when we stop being our authentic selves, it causes psychological distress, which can have ongoing emotional and physical ramifications.

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ATS Marketing 130

Retail Focus

APRIL 27, 2021

Brand experience company, Swarm’ s sister company, Folio Mirror debuted Folio Hair at Retail Design (2019) and have been developing the concept and use case ever since. The post Amazon has disrupted retail but can they crack the hair and beauty market? appeared first on Retail Focus.

Marketing 264

Marketing Promotions Customer Experience Planning 264

Inside Retail

FEBRUARY 20, 2023

According to CEO Anthony Heraghty, Super Retail Group has plenty of reasons to be positive about its performance for the year ahead. However, Super Retail Group now faces challenging economic conditions, and a likely slowdown in customer spending. The group reported no drawn bank debt, and $212 million cash on hand.

Operating Expenses 245

Operating Expenses Inventory Management Management Promotions 245

Wiser

JANUARY 25, 2022

There are two broad types of retail product placement: at the shelf level and at the store level. This is our guide on retail product placement at the shelf and store level, so you can get more out of your marketing and merchandising campaigns—and just sell better. Play into Retail Product Placement Psychology.

Checkout 144

Checkout Visual Merchandising Apparel Shopping 144

Inside Retail

MARCH 7, 2023

Don’t let the latest retail sales figures fool you. When psychology reflects savage economics, we gravitate to value for money, home comfort (and improvement), little luxuries and family. The post Bunnings’ pet play: a market-disrupting combination with impeccable timing appeared first on Inside Retail. per cent to $1.28

Marketing 246

Marketing Planning Shopping ATS 246

Retail Gazette

MARCH 26, 2024

Lidl claims the move will provide chickens with more space to roam, which “enables them to engage in natural behaviours like stretching their wings, dust bathing and exploring, bolstering both physical and psychological well-being, leading to more fulfilling lives”. Click here to sign up to Retail Gazette‘s free daily email newsletter

Fulfillment 57

Fulfillment Planning Marketing ATS 57

Inside Retail

JANUARY 10, 2023

In December 2022, The Sydney Morning Herald revealed that online fashion retailer The Iconic underpaid hundreds of staff a total of about $1 million over a seven-year period. Professor Bowden tells Inside Retail that negative headlines about underpayments damage brand reputations – both externally and internally.

Payment Services 246

Payment Services Consumer Management Fashion 246

Inside Retail

NOVEMBER 8, 2022

The latest retail sales figures are really quite incredible. According to the Bureau of Statistics (ABS), retail sales rose by 0.6 But clothing, footwear and accessories are up 2 per cent, food retailers are up 1 per cent while cafes and restaurants are also enjoying a 1.3 The post Australia’s retail sales growth can’t last.

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Advertising Department Stores Consumer Accessories 246

Wiser

JUNE 24, 2021

A good psychological pricing strategy takes advantage of what has been learned from neuromarketing and these processes to increase sales and improve conversions. Psychological Pricing. Do not make the mistake to think that psychological pricing is limited to $0.99 or certain advertising campaigns. Odd Prices.

Consumer 78

Consumer Supermarket Advertising Accounting 78