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What to Consider When Selecting a Retail Space

Strategy Driven

Choosing the right retail space is a crucial decision for any business owner. Whether you’re launching a new retail venture or relocating your existing business, there are several key factors to consider when selecting a retail space. The location of your retail space can greatly influence your business’s success.

Retail 102
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4 Ways Social Media Marketing Can Benefit Brick & Mortar Retail Stores

Strategy Driven

Brick & mortar retail stores are a vital part of the communities in which they exist. You can even take it a step further and film 10-plus-minute videos where you review products or provide educational information to viewers. By having an established storefront, they’re able to interact with the people who pass by on a daily basis.

Retail 89
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Average Ratings Aren’t As Influential As We Think

The Horizons Tracker

The study suggests that the top reviews tend to be more important when consumers are comparing products and that the average rating is less important than we think. “And what we found was that when they read some reviews, just a few reviews can overturn the impact of average ratings,” the researchers continue.

Review 109
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Why Most Change Programs and Improvement Initiatives Fail

The Practical Leader

Partial and Piecemeal Programs The senior management team of a large national retailer, enjoying a dominant position in its markets, realized they had to make several radical changes to reduce costs while boosting service levels. Even less time is devoted to reviewing, assessing, and reflecting on successes, problems, and lessons learned.

Teamwork 104
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How To Identify, Recruit, And Support high-Performing Talent

Eric Jacobson

Dig into the book, Talent , to learn the case studies of Johnson & Johnson, Hemnet, Argus Media, HireRight, Vishal Retail, Depop and Oak Street Health. Talent reviews (quality and quantity) need to be tightly integrated into the Operating rhythm of the company. Most companies pay lip service to this practice. It needs rigor.

Charan 65
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How Digital Technologies Could Boost Tiny Retailers in Developing Countries

Harvard Business Review

Micro-retailers are vitally important to the economies of developing countries and to consumer packaged goods companies. But their full potential is not being realized. The adoption of digital technologies could help change that. But for that to happen, obstacles must be overcome. Three strategies can address them.

Retail 22
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Does Starbucks New CEO Signal a Culture Change?

Modern Servant Leader

However, the glaring concern in experience is Narasimhan’s lack of experience leading retail. Indications are employees love Laxman Narasimhan, though he may not value professional development within the company, according to review scores. Obviously, his experience with Pepsi serves him well, relative to Starbucks packaged beverages.

CEO 130