The retail landscape continues to evolve: big retailers are simultaneously expanding and contracting, and malls are examining their place among consumers. Somewhat paradoxically, customers seem to be gravitating toward smaller, more curated experiences from well known and respected brand names. … Continue reading
As inflation heats up, store-brand and private-label products are becoming more attractive to consumers who typically buy more expensive name-brand goods. Recent economic reports project real GDP growth will slow to 0.7 percent in 2023. Such a cloudy financial outlook … Continue reading
Many direct-to-consumer brands are reevaluating how they do business – and leaving the one-to-one intimacy with customers for a more traditional method of getting their products to more customers. By embracing a wholesale strategy, often in conjunction with DTC methods, … Continue reading
Get Retail Pro Prism! Powerful POS & retail management platform for better retail experiences ✓ Replenishment & inventory management ✓ Customer & employee management ✓ Available on iOS, Android, and Windows ✓ For mobile, laptop, and desktop devices ✓ Robust … Continue reading
With COVID-19 as the latest driver for store closures, brick-and-mortar stores have had to get innovative to keep transactions flowing and compete against their born-online ecommerce counterparts. It’s not simply a price game. Unique product selection and convenience … Continue reading
Customer retention is a huge challenge for retailers. The cost of acquiring new customers is far greater —some studies suggest as much as seven times more — than keeping existing ones. Creating a customer experience that is satisfying … Continue reading
An important way to achieve greater retail success is to be more data-centric. Relying on retail analytics and hard data rather than guesswork helps companies make more educated decisions about the products they carry. They can dig into point of sale … Continue reading
It is no small thing that this year’s NRF was called 2020 Vision. The show shed light on retailer’s perspectives and trajectories for 2020 – and perhaps more significantly highlighted what deeper visibility into your data can and … Continue reading
Today’s retail is a broad spectrum of digital and brick & mortar options: great for the customer, complex and costly for the retailer. Within the ambition for omnichannel, your team also has a lot on their plate in … Continue reading
Luxury retail has always catered to the one-of-a-kind purchase: that piece of jewelry made expressly for her, that suit tailored just for him. Today, that desire has filtered down to more everyday shopping. Millennials are driving the bespoke movement — a … Continue reading
