Retail Trends for 2019

Women on Business

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How to Build Brand Appeal and Trust in Retail Settings

Strategy Driven

With more options available to consumers than ever before, maintaining strong connections as a retail brand is challenging to say the least. What exactly should retailers be doing to maximise these elements in their favour? This Includes Online Retailers.

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How Successful Leaders Use Both Retail and Wholesale Communications

Next Level Blog

Successful candidates are masters of both retail communications (the coffee klatches and selfies) and wholesale communications (the rallies and ad campaigns). Retail and wholesale communications have applications far beyond politics. Here’s a rundown of the similarities and differences between retail and wholesale communications and some ideas to consider as you work out your leadership communications game plan. In case you haven’t noticed, it’s presidential primary season.

Retail 140

What Robots Can Do for Retail

Harvard Business

Technology Retail & Consumer Goods Digital ArticleThey’ll help you identify what consumers didn’t purchase — but wanted to.

How AR Is Redefining Retail in the Pandemic

Harvard Business

” Technology Retail & Consumer Goods Digital ArticleA closer look at augmented reality and the “digital lipstick effect.”

How to Tell an Amateur Retail Salesperson From a Professional

Strategy Driven

Perhaps, upon entering a retail establishment, you have heard one or more of these commonly used sentences: “Hi, can I help you?”. “Is These are hallmarks of retail sales amateurs. There may be a time and opportunity to use these types of questions however true professionals in retail sales do not use them to open a conversation. The protective defense walls go up immediately between the retail salesperson and the buyer.

5 Top Tips to Prepare for Your Retail Store Renovation

Strategy Driven

Renovating your retail space can be key to attracting new customers to your brand, preparing for the future of commerce, and ensuring that your brand is able to remain as competitive as possible. However, before you take the major step towards remodeling your beloved retail space, here are some top tips to help you prepare and ensure that your renovations will run smoothly. Starting Your Business business loan business management Retail Remodel strategydriven

5 Ways Retailers Can Increase Sales

Strategy Driven

Managing Your Business business management retail strategydrivenIf your business has experienced a dip in sales, the first thing you must do is research why this might be. Even if it is seasonal, it’s a good idea to get a sense of what can be done to give yourself a boost to make up for the temporary loss. Researching your company’s weak spots is incredibly useful not only for sluggish sales but also to ensure your company’s longevity in the future. Ask for feedback.

Why Your Retail Business Needs a Mobile POS System

Women on Business

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Perfect Presentation: How to Make your Retail Space Easy on the Eye

Strategy Driven

Below is a closer look at various retails spaces and recommendations regarding their particular stores and ways they can appeal more to their customers. Merchandising Tips For Any Retail Space. When it comes to the success of any retail space, it is important to keep in mind that a customer’s visual sense is the most crucial aspect of shopping. Marketing & Sales business management Commercial Design Commercial Space retail store strategydriven

How to Start a Successful Retail Business

Strategy Driven

The retail industry is the practice of selling goods to the public for their direct use, not for resale. Many people dream of starting their own business in retail. Starting a successful retail business can be challenging, but like other challenges, it can also be very rewarding. There are several important steps to starting a successful retail business, and all are equally important. It is critical to know the type of retail business that you are starting.

Making Your New Retail Shop A Hit

Strategy Driven

Many entrepreneurs consider opening up a retail shop. So how do you make sure that your new retail shop is a hit? Let’s hope these tips help you when it comes to making your retail shop a hit. Many businesses start from home, but often the issue with that is at some point, you need to be able to expand and move forward.

How to Succeed in a Retail Career

Strategy Driven

Are you thinking of starting a career in retail? Many people find that working in retail is rewarding and there are many opportunities out there. The retail industry has a lot to offer someone that is willing to work hard and keep their nose to the grindstone. If you are looking to get into retail, you should pay close attention to the information below. Today, we are going to learn what it takes to succeed in the world of retail.

Tips For Managing Retail Staff Effectively

Strategy Driven

If you are a retail manager or store owner, then you’re probably already aware of the difficulties in managing staff. Retail managers get put under a lot of pressure, and the job isn’t for everyone. You just finished reading Tips For Managing Retail Staff Effectively ! The post Tips For Managing Retail Staff Effectively appeared first on StrategyDriven. However, business success is dependent on doing it properly.

How to Run a Retail Store That Outsells the Competition

Strategy Driven

If you own a retail business and you aren’t satisfied with just being part of the bunch, then you’re probably looking for some tips to go about out-selling the competition and really carving your mark in the industry. Most retailers are facing pretty strong competition these days, so the idea of outselling them all can be rather intimidating. In order for you to be truly successful in your retail business, your store needs to operate smoothly and be well-organized.

How To Attract Customers And Boost Retail Sales

Strategy Driven

You just finished reading How To Attract Customers And Boost Retail Sales ! The post How To Attract Customers And Boost Retail Sales appeared first on StrategyDriven. Marketing & Sales business management marketing and sales retail strategydrivenRunning a business is never easy, but ensuring you make a profit each month is something that business owners can easily lose sleep over.

4 Questions Retailers Need to Ask About Augmented Reality

Harvard Business

Sales & Marketing Technology Retail & Consumer Goods Technology Digital ArticleIt’s not for everyone.

The Pandemic Is Rewriting the Rules of Retail

Harvard Business

Competitive strategy Technology Retail & Consumer Goods Digital ArticleYour customers have changed. Have you?

The Future is Now: Ready or not, the robots are coming to a retail space near you.

CEO Insider

While hopefully we’ll never have to fight evil robots trying to take over the world, the retail world is readying for a technologic takeover. Related posts: Averting the Retail Apocalypse with Transformative M&A. For decades, we’ve been bombarded with futuristic television shows like “The Jetsons” and sci-fi movies like “The Terminator” or “I, Robot”, that depict robots infiltrating our daily lives.

OSHA to Retailers: Make Black Friday Safer for Workers

HR Digest

After the 2008 Black Friday tragedy, OSHA released an annual set of “Crowd Management Safety Guidelines” for retailers to follow. This contains safety guidelines for retail stores to prevent worker injuries and deaths. During the bustling holiday season, retail employees should not be put at risk of injury or death. The HR Digest urges retailers to take the time to adopt OSHA’s crowd control safety guidelines to prevent unnecessary trauma to retail workers.

The Best Retailers Combine Bricks and Clicks

Harvard Business

Retail profits are plummeting. Sure enough, the Census Bureau just released data showing that online retail sales surged 15.2 But before you dump all of your retail stocks, there are more facts you should consider. percent of retail sales in the first quarter of 2016. percent of retail sales shifted from offline to online between the beginning of 2015 and 2016. The retail industry is getting “reinvented,” as we describe in our new book Matchmakers.

For Better Retail Promotions, Ask These Questions

Harvard Business

Discounts and promotions are at an all-time high, often comprising the single-biggest cost within many retailers’ P&Ls. Yet despite these high stakes, and the growing adoption of sophisticated analytics, many retailers continue to take a broad-brush approach to running promotions that results in missed sales and profits. The good news is that many large retail organizations already have the tools and data they need to craft more effective promotions.

Don’t Fail At Retail: Tricks For Beating The Competition

Strategy Driven

Launching a company in the retail industry is harder today than ever before. So, all new retailers need to launch a website too. Nobody wants to fail at retail because you often have to invest a lot of money to get the operation off the ground. You just finished reading Don't Fail At Retail: Tricks For Beating The Competition ! The post Don’t Fail At Retail: Tricks For Beating The Competition appeared first on StrategyDriven.

Virtual and Augmented Reality Will Reshape Retail

Harvard Business

Virtual reality (VR), along with its sister technology augmented reality (AR), offers retailers the opportunity to transform how people shop. The successful incorporation of VR and AR into retail models also has the potential to vastly change the way retailers are thinking about stores of the future. Retailers looking to develop a virtual commerce strategy should consider breaking it down along the following dimensions. Your camping trip is coming up.

4 Creative Ways to Use Mobile Payments In Your Retail Business

Women on Business

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Retailers Face a Data Deficit in the Wake of the Pandemic

Harvard Business

Data Marketing Technology Retail & Consumer Goods Digital ArticleHow do you stay relevant to consumers when you don’t know what they want?

A Study of 46,000 Shoppers Shows That Omnichannel Retailing Works

Harvard Business

Traditional retailers are feeling the heat. Even as competition intensifies , shoppers’ visits to retail stores are declining every year, leading one industry veteran to ominously ask his peers , “Is anyone not seeing large traffic declines?” ” Online retail, on the other hand, is thriving. Retail sales through digital channels (including mobile sales) increased by a massive 23% in 2015. Much of these gains have gone to online retailers.

How Retailers Can Reach Consumers Who Aren’t Spending

Harvard Business

retail sales dropped a historic 8.7% in March 2020. Marketing Digital Article

How Retailers Should Think About Online Versus In-Store Pricing

Harvard Business

One of the biggest questions faced by brick-and-mortar retailers today is whether prices should be the same online and in stores. Gaining clarity on this issue is critical for traditional retailers to successfully compete in both environments. Brick-and-mortar retailers have been struggling with pricing since Amazon’s inception, 23 years ago, so why is it so important to resolve this issue now? Well, the news for retailers keeps getting worse.

The Future of Retail is Mobile – Infographic

Women on Business

Infographics ecommerce m-commerce mobile commerce mobile retail mobile shopping retail trends We''ve Moved! Update your Reader Now. This feed has moved to: [link] If you haven''t already done so, update your reader now with this changed subscription address to get your latest updates from us. link].

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The Retail Theory of Relativity

CO2

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Retailers’ Holiday Strategy Doesn’t Have to Be “Discount Everything”

Harvard Business

But there’s a surprising insight in the data released by the National Retail Federation : 36% of shoppers reported that all of their purchases were on sale; 11% made that claim in 2015. Analysts attribute this more than 300% increase to widespread discounting by retailers. unemployment rate , applications for unemployment at a 43-year low , median income on the rise ), why are retailers choosing to battle it out on price?

Why Retailers Should Retire Holiday Shopping Season

Harvard Business

The retail industry has been disrupted in practically every way imaginable. It’s about time that retailers also rethink their approach to the holiday shopping season. Customers don’t want retailers to dictate their shopping schedule. More and more shoppers across the retail spectrum are only frustrated by deals restricted to a certain timeframe (such as on Black Friday) or buying mode (such as in-store specials only).

Toys ‘R’ Us Is Dead, but Physical Retail Isn’t

Harvard Business

The news is part of a larger trend of closings that some are calling the retail apocalypse. The rise of e-commerce, combined with a shift in consumer preference toward dining out over shopping and with years of overbuilding , has made for distinctly unattractive economics in traditional retail. Amazon has made a big push into physical retail, capped off by its $13.7 None of these ideas are necessarily bad, but they fail to address the shifting economics of retail.

12 Ways to Help Women in Retail Advance into Management

Harvard Business

Human resource management Gender Diversity Retail & Consumer Goods Digital ArticleThere is a clear business case for investing in women’s professional development.

How Technology Is Transforming Retail - SPONSOR CONTENT FROM Ocado

Harvard Business

Across the retail landscape, a war is going on, and the battles are being fought on multiple fronts: business models, channels, brands, customers, technologies, and more. Postal services are becoming fulfilment platforms, taxis are delivering parcels and food, recipe box companies are eating the lunch of restaurants and grocery retailers, and so on. This is having a knock-on effect on traditional retail brands that are struggling to compete in the new world order.

The Retail Theory of Relativity

CO2

The Retail Theory of Relativity. RSS Feed Schedule a Call Free E-Book Assessment Test Coffee Schedule Coaching Lunch About Us CO2 Story Our Approach Our Successes Our Executive Coaches Gary B.

When Positive Product Reviews Backfire for Retailers

Harvard Business

Product returns are a costly problem for retailers. In online retailing, return rates are an even bigger problem. In online retailing, most products are returned because customers aren’t satisfied with what they get—but this isn’t necessarily due to product defects. This is why retailers provide information—product descriptions, pictures, and videos—to help customers make more informed purchase decisions.

Can Big-Box Retailers Provide Local Health Care?

Harvard Business

Best Buy and Walmart are betting they can. Experimentation Healthcare Digital Article

The Center for Leadership Studies Announces New Retail Online Course Options and Virtual Certification for Situational Leadership®

The Center For Leadership Studies

Raleigh, NC – April 23, 2020 – The Center for Leadership Studies (CLS) today announced that they will now offer their Situational Leadership ® curriculum in retail format for new and experienced leaders to access online, allowing unprecedented access to the Situational Leadership® Model.

How Low-Paying Retailers Can Adapt to Higher Minimum Wages

Harvard Business

These increases will seriously affect low-wage employers such as retailers and restaurants, which means investors should be asking some tough questions to see which low-wage employers in their portfolios will benefit from the wage hikes and which will lose: How are you increasing your labor productivity? So how can a low-wage retailer increase productivity? But it’s a different story for retailers and fast-food companies — the largest low-wage employers.

How an Online Grocery Platform Could Reshape Retail as We Know It - SPONSOR CONTENT FROM OCADO

Harvard Business

To answer that question, one first needs to understand what makes online grocery delivery so different from other forms of online retail. For a traditional retailer, building that solution is a massive and daunting prospect. If you can do online grocery, then you can do some other forms of online retail; but the reverse definitely does not implicitly follow. These offline retailers already have their trusted brand, their efficient supply chains, and their loyal customers.

3 Changes Retailers Need to Make to Survive

Harvard Business

Few industries are being disrupted as drastically as the retail industry. More retail purchases are moving online, and a growing number of manufacturers now sell to consumers directly, cutting out retailers entirely. Making matters more challenging, these shifts are happening across practically every retail category – books, entertainment, housewares, clothing, food, financial services, and even energy. Danita Delimont/Getty Images.