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So how do retailers know how well their initiatives are performing? Topline sales, of course, are the #1 metric, but we all know that optimizing the metrics that make up sales are critical for location by location performance. Traditionally these metrics include traffic, conversion, shopper yield, APT, and UPT.
Forbes acknowledges pop culture’s impact beyond conventional celebrity endorsements, as unexpected retail surges are triggered in submarkets and licensed products. Netflix itself is opening retaillocations aligned with its latest shows. 2023 Unified Commerce Benchmark for SpecialtyRetail. Furniture Today.
Retailers such as Best Buy and Apple were two of the first to implement the model at scale, showing the value for businesses outside of luxury and specialtyretail. Queuing systems notify someone when they can enter a location (usually through a text notification). Is the store limited in space?
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