What transaction and customer information should you track as part of your multi-channel retail strategy? How can you use this information in your strategic decisions?
What’s the first name that comes to your mind when you hear ‘discount retailer’? Chances are that the names Wal-Mart or Target pop up.
Getting the balance right between what you stock and what your customers want to buy is a critical aspect of retailing that, if not mastered, can lead to disastrous implications for your business.
An efficient workforce can make all the difference to a retail store’s success. How can retail managers keep employees motivated and their morale high?
Price optimization is a crucial part of the retail game – it has to be as accurate as possible to succeed. Here are a few factors that affect your price decisions and its impact on the customer.
Holding onto slow-moving merchandise will lead to stale stock. It means disappointing customers looking for the latest products and styles in your stores. Markdowns is the answer to your problems.
As a retailer, one of the most pressing questions you might have is: how can I get customers to keep coming back to my store?
CPG, apparel, and fashion retailers often face a challenging situation at the time of a new product launch as it involves a great deal of planning and timely execution.