As the retail world begins to open up, safety measures have been the primary focal point, as well it should be. However, it is still important to strategize about building revenue for today and the future. The approach needed to do so will be a bit different than in the past. Here we take you through five ways small retailers can increase revenue in 2020 and beyond.
There are many benefits to operating a green retail business. It can limit your impact on the environment, save on energy costs and even drive new business. It can also have a very positive impact on the image of your brand. While going green may seem like a daunting task, it is easier than you think.
Your ability to move inventory and constantly rotate stock will directly impact your bottom line. “Among the top 5% of products that the retailers surveyed sold each month, 59% are new.” Maintaining a fresh selection is essential in developing loyal customers and avoiding losing out to online competitors.
There are many factors that influence the customer experience that directly translate into sales. Considering human psychology and the process that contributes to making a purchase decision will help you to optimize your customer experience and increase sales. Here we take a look at some of the key contributors to the customer experience as it pertains to a retail clothing store.
Traditional brick and mortar retailers have slowly but surely started to add eCommerce websites to improve sales as well as the customer experience, but what about the other way around? Many eCommerce retailers are beginning to see the value in adding a physical storefront. This can be attributed to several factors.