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There’s no way around it: minimum advertised price, or MAP, violations are not fun. And it’s not always easy to stop them, especially if you sell on hyper-competitive eCommerce marketplaces such as Amazon and Walmart. For example, say you enter an agreement with a retailer that they won’t advertise your product below a set price. You check in on the various marketplaces and see that your products are, in fact, listed below your MAP policy.
The holiday season provides nearly 20-30% of retail sales year after year. Is that going to matter when it’s time to report first-quarter numbers? Hardly. Get a jump on the new year with these post-holiday winter merchandising ideas.
As you develop your online business, you’ll need to exploit a variety of strategies and tools to boost the growth of your eCommerce website. It’s all about expanding your scope and positioning your products and services before potential customers. Marketing campaigns can prove to be very beneficial, but have you also considered leveraging Price Comparison […].
The retail world is a highly competitive environment. Business owners and managers face competition from area stores, big-box retailers, and internet giants. Promoting eco-friendliness could create a strong competitive advantage for brick-and-mortar stores. But the marketing tactic has its pitfalls. When many companies try to promote eco-friendly practices or products, they sometimes get accused of “greenwashing,” or claiming to be following green-practices when, in reality, they are
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
In today’s digital world, we can easily diminish the importance and power of physical interaction. This is especially true in retail. While retailers and brands such as Sephora, Nike and Warby Parker are pursuing AR and VR technology that allows The post Pop-Up to Keep Up: Our Top 6 Reasons Why appeared first on Medallion Retail.
In an industry with more competition than ever, the importance of earning repeat customers has never been more crucial. The more loyal customers a retailer secures, the more successful it will be. Understanding the advantages of earning repeat customers is the foundation to grow your company. Before diving into improving your company’s customer retention rate, it is important to understand how it will positively affect your company.
WMS solutions provider SnapFulfil is enjoying a new type of interest as ‘micro-warehousing’ takes off for smaller e-commerce companies looking to offer the same level of delivery efficiency and flexibility as retail giants like Amazon.
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WMS solutions provider SnapFulfil is enjoying a new type of interest as ‘micro-warehousing’ takes off for smaller e-commerce companies looking to offer the same level of delivery efficiency and flexibility as retail giants like Amazon.
In today’s retail world, the in-store experience is more responsive and adaptable than it’s ever been before. A combination of advancing technology, the need to compete with online shopping, and modernized strategies has led to fundamental changes in stores of all kinds. To cover this idea in more detail, this article identifies five specific ways in which the in-store experience is shaping retail in 2020. 1.
Hi! Here is a quick round-up of some news from around the industry over the last few weeks. Sources are in the hyperlinked text after the headlines. Brands + Retailers. Victoria’s Secret to go private at $1.1B valuation. The Wall Street Journal. As DTC brands move into wholesale, analytics platforms follow. Vogue. How brands are battling knock-offs on Amazon.
The Internet of Things (IoT) is becoming the next big revolution in the retail industry. But what exactly does it entail? IoT is the ecosystem of physical objects that are interconnected and can communicate through the Internet or a network without any human involvement. Imagine shopping at your favorite clothing store and when you spot a dress you like, your phone beeps with a notification saying you just received a loyalty discount!
Every retail company needs a website. It’s no question younger generations prefer to shop online than going into a store if they can. These same customers also prefer to use email for marketing communications. As old as it is, email is still the best way to communicate with customers in a professional way. Social media is the cool teen on the marketing block, but email is far more effective and cheaper.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
As a retail store owner or manager, one skill you need to develop is closing a sale. After all, making sales is the whole point of your retail business. Without sales, your business would not thrive. Even when you have the best products at the most competitive prices, if you do not have the ability to convince the shopper to buy, your products will remain on shelves – collecting dust.
Paying close attention to e-commerce metrics will add strength and resilience to the digital channels of your retailing business. What gets measured gets managed, and what doesn’t get measured tends to run wild. You want to know exactly how your business is performing compared to your expectations. You don’t need to become a digital marketing expert in order to take advantage of the natural data your digital channels generate.
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