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10 Tips For Successfully Opening And Managing Your Retail Store

Strategy Driven

So, here are a few tips to help you open and manage your retail store in this ever-changing economy: 1. Display Your Goods Remember the ABCs of merchandising, i.e., attractive, branded, and captivating. Use Technology Automation has infiltrated every aspect of business, and retail sales aren’t an exception.

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What Do You Need When Opening a Retail Unit?

Strategy Driven

Technology. A retail unit is going to need many more different pieces of technology to be able to run smoothly. Even if you have what appears to be a very traditional store on the outside, you can still make use of technology in a few key places to help you manage the business more efficiently. Social Media.

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Retail Success is About Who's Working When

Harvard Business Review

Saving sales by pointing to merchandise locations is just one of the ways that store employees facilitate the sales process and perform a very important role. Given today's technology available for data acquisition as well as new developments in analytics, it is possible to do much better than this.

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How to Succeed in Business by Bundling – and Unbundling

Harvard Business Review

Yes, digital technology enables a lot of unbundling. Andreessen: I think a lot of it is based on the underlying technology change. The way I think about it is — at least in the world that I work in, sort of tech and Internet media — bundles emerge as a consequence of the current technology. But new bundles keep appearing.

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