Customers today are no longer forced to make a purchase decision by comparing a few options that are available. Rather, they are now bombarded with dozens or even hundreds of options to choose from. Therefore, one of the key challenges in retail industry is for...
Retail Industry Overview: The Present and Future of Retail
Retail industry overview The retail industry is going through a major transition and with the latest trends and innovations in place, it is safe to say that there is no looking back for retail industry companies. Furthermore, personalization and customization in...
Into the Future of Retail: What Shopping in the next Decade Will Look Like
Given retail’s steady migration to platforms other than brick and mortar, and the latest advancements in retail trends, it looks like the future of retail is all set to drop a bombshell of tech trends. These promising technological innovations will turn the tables for...
5 Big Challenges Facing the Retail Industry
The retail industry is one of the fastest-growing sectors in the world. With more retailers slowly expanding their business from brick and mortar to online retail stores, there is no looking back for players in this industry. But on the flip side, the retail industry...
Top Retail Stores Dominating the US Market
Retail stores are an integral part of people’s lives as they are highly dependent on such outlets for their groceries, consumables, and other household requirements. The popularity of retail stores is so widespread that consumers prefer traveling a few miles to retail...
Best Cross Selling Tips to Help Retailers Grab That Extra Penny
What is cross selling? Think of the last time you ordered a piece of cake at a restaurant, and the server asked you “Would like to add-on a scoop of ice-cream?” , or the last time you bought a shirt at a retail store and the consultant at the store asked you “Shall I...
Visual Merchandising Tips That Will Make Your Retail Store An ‘ Eye Candy’ In the Market
For the noobs out there who are wondering what visual merchandising is, take this scenario for instance- Suppose you see two retail stores adjacent to one another, one of them being well lit, has the merchandise nicely color-coordinated and categorically stacked. The...
Retail Strategy and Building the Right Price Perception
To arrive at the most appropriate retail strategy, it is critical that retailers accurately identify the key value categories (KVCs) along with the key value items (KVIs). Often it has been observed that retailers prefer to rely on the commercial intuition of...