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Under this model brands have more control over merchandising, pricing and the customerexperience. With more pricing control brands can offer more merchandise at full price, avoiding markdowns which are thought to negatively impact a luxury brand’s image. In 2015 Farfetch purchased Browns, a luxury fashion boutique in London.
A retail study found that 50 percent of shoppers never see the entire sales floor. Rate the customerexperience. Do customers linger to browse or get in and out quickly? Stop in each important area of the sales floor and watch shoppers, trying to see the merchandising and customer service through their eyes.
In many of these arrangements the retailer hosts the marketplace and instead of buying the inventory from the brand the brand is responsible for it and a retailer like Marks & Spencer pays a commission on every sale. It is also focusing on improving the customerexperience across its website and app.
A retail study found that 50 percent of shoppers never see the entire sales floor. Rate the customerexperience. Do customers linger to browse or get in and out quickly? Stop in each important area of the sales floor and watch shoppers, trying to see the merchandising and customer service through their eyes.
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