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The Next Generation of Shoppers Needs a Next-Generation Strategy

Retail TouchPoints

They want shopping to be fast and fun — less of a process. That’s why Synchrony partnered with payments startup Skipify, which enables purchases instantly across email, text, social and other channels. This new way of shopping is a powerful retail trend toward simplifying, speeding and improving the online shopping experience.

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Does Procurement Play a Role in Retail Recovery?

Retail TouchPoints

But through this disruption, retailers began to see that their procurement process is in many ways the linchpin for maximizing revenue and reducing spend as the economy recovers post-pandemic. Specifically, procurement can help retailers optimize their spending on goods and services that are NOT for resale, also known as GNFR.

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More Private Label, Smaller Store Footprints: How COVID-19 Is Accelerating Existing Retail Trends

Retail TouchPoints

Mass merchants in particular have benefited from this change: private label sales in the segment have increased by 41% over the past five years , approximately 4X higher than overall private label growth. COVID-19 has been kinder to some up-and-coming retail models than others. growth rate. over the past 10 years , even as the U.S.

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Next Steps in Sustainable Apparel Retail: Consumer Communication and Carbon Offsets

Retail TouchPoints

To guide these consumers — and perhaps raise the green consciousness of others — retailers should certainly publicize their own sustainability efforts. A logical next step is for merchants to educate themselves about the sustainability of the brands and items they sell, particularly in the apparel space.

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12 Best Ecommerce Platforms and Software for Your Online Store

Small Biz Trends

Besides having a brick-and-mortar shop, going online to offer your products and services comes with lots of opportunities for your business. An eCommerce platform is a software application that helps businesses sell products and services online. This means users don’t have to buy web hosting or install software anywhere.

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15 Return Policy Examples

Small Biz Trends

The precise formula will vary by store, and whether or not the merchant has eCommerce stores or a brick-and-mortar location. Amazon has an extensive return policy, including specific standards for processing returns during the holiday season. Return Process. Refunds will be sent to your original method of payment.

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Shopping Your Competition for Fun and Profit

Retail Adventures

It’s important because these visits help you keep your finger on the pulse of industry and community trends, customer service standards, and competitor offerings. Stop in each important area of the sales floor and watch shoppers, trying to see the merchandising and customer service through their eyes. Is it clutter free?