Remove Promotions Remove Returns Remove Store Layout
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New Kohl’s CEO Lays Out Turnaround Strategy Following Disappointing Q4

Retail TouchPoints

In his first earnings cycle at the helm , Kohls new CEO Ashley Buchanan laid out his plan to turn around the embattled company, which has struggled for years to return to a position of strength while fending off activist investors. Adjustments to the companys selection of national brands and promotional strategy also are underway.

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How to build a bricks-and-mortar store that attracts and retains customers

Inside Retail

Some of them are tried and true, such as store layout and design, customer service and convenience. Store layout and design Store layout and design are basic, yet essential factors in creating the initial impression and introduction to the store. Don’t be complacent in this area.

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Foot Locker Debuts ‘Store of the Future’ in New Jersey

Retail TouchPoints

It’s been designed with a streamlined approach to store layout to offer an intuitive shopping journey that encourages discovery and easy navigation. We’re thrilled to unveil a format that encourages discovery, delivers elevated brand storytelling and promotes greater connectivity within the sneaker community.”

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12 Proven Customer Retention Strategies in Retail

RETAIL MANAGEMENT SOFTWARE

How to Implement: Use customer data to send personalized emails or offers, such as birthday discounts or promotions, based on their purchase history. Offer a personalized shopping experience both online and in-store, where customers feel that their preferences and needs are understood.

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Transforming Retail Spaces for Today’s Generation of Shoppers

Retail TouchPoints

This retail renaissance is not just a return to traditional shopping spaces but also signifies a shift in the shoppers’ culture, expectations and behaviors. Whether through specific recommendations, exclusive in-store experiences, or personalized promotions, brands strive to make each shopper feel seen.

Returns 335
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Revolutionizing FMCG with AI-Powered Image Recognition: Enhancing Shelf Management and Consumer Insights

Retail Focus

For example, a study by IHL Group found that retailers lose $1 trillion annually due to overstocks, out-of-stocks, and returns. This data helps retailers optimize store layouts and marketing campaigns. This not only improves operational efficiency but also enhances customer satisfaction.

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Why Retailers Need a Centralized Database for Business Efficiency and Growth

RETAIL MANAGEMENT SOFTWARE

Simplify Returns and Transfers: If a product is out of stock at one location, a centralized system can facilitate inter-store transfers or online fulfillment, ensuring a seamless customer experience. With access to accurate, up-to-date information, retailers can make informed decisions that positively impact business outcomes.