Retail strategy

Biggest Challenges in Retail Industry Right Now

Biggest Challenges in Retail Industry Right Now

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...

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Retail Industry Overview: The Present and Future of Retail

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...

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5 Big Challenges Facing the Retail Industry

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...

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Top Retail Stores Dominating the US Market

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...

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Best Cross Selling Tips to Help Retailers Grab That Extra Penny

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...

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Retail Strategy and Building the Right Price Perception

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...

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