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10 Tips For Successfully Opening And Managing Your Retail Store

Strategy Driven

You can see that America had 442,000+ retail stores back in 2019, and these numbers are bound to increase. So, here are a few tips to help you open and manage your retail store in this ever-changing economy: 1. Attract Potential Customers A clean, clutter-free, and well-stocked retail store will attract more customers.

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The Strategic Advantage of Implementing a Junior Advisory Board in Your Organization

N2Growth Blog

Integrating young talents into decision-making processes allows organizations to tap into valuable insights, especially pertinent in sectors like fashion, food, and retail, where younger consumer preferences are pivotal.

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The Next Wave of Digital Transformation: What Leaders Need to Know

N2Growth Blog

The Current Digital Landscape Today’s digital landscape is constantly changing, revolutionizing how businesses and industries operate. Extensive networks, data streams, and state-of-the-art digital technologies are increasingly becoming the foundation of modern operational strategies.

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Breaking Down the Costs: What to Expect When Pursuing a Franchising Opportunity

Strategy Driven

Initial Franchise Fees Initial fees are the one-time upfront costs that a business owner pays to gain the rights to operate under an established brand. The cost of these fees can vary widely depending on the brand, industry, and market. Understanding these expenses is essential for effective budgeting and marketing strategy.

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How Retailers Became Ad Platforms

Harvard Business Review

Major retailers are today, most notably Amazon, are creating and operating their own advertising platforms — and they’re making millions doing it. McKinsey estimates that by 2026, retail media will add $1.3 trillion to enterprise values in the U.S. alone, with profit margins between 50% and 70%.

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4 Tips to Lead an Effective Marketing Campaign for Your Store

Strategy Driven

Executing an excellent marketing campaign is even more critical for brick and mortar retail stores than it is for other types of businesses, such as those that operate solely online. If you are looking to lead a marketing campaign for your store, read on for some top tips that are available. Advertise All Year Round.

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5 Ways to Improve Your Bottom Line When Your Business Goes Omnichannel

Strategy Driven

For small- and medium-sized enterprises (SMEs) that might be used to holding their operations from a brick-and-mortar store, adopting an omnichannel strategy may be particularly effective at propelling the business into the future by aligning with modern consumer expectations and using technology to strengthen competitive advantage.