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How Rising Prices Shape Consumer Behavior

Retail Focus

Retailers face mounting expenses throughout supply chains, from manufacturing to shipping fees. A store that previously sold shoes for $50 may now charge $65 in order to maintain the same profit margin. Discount Retailers and the Appeal of Value Shopping Dollar stores and discount chains expand as inflation rises.

Consumer 130
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Ikea’s US expansion plan: New stores, lower prices and a major NYC flagship

Inside Retail

Since entering the US 39 years ago, Swedish furniture giant Ikea has come to dominate the furniture and home goods market with its wide array of accessibly priced products, unique store layouts and dedication to providing top-tier customer service. per cent in the past five years.

Planning 130
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Forget omnichannel, it’s all about unified commerce

Inside Retail

But the two channels had separate inventory tracking systems, leading to lost sales when stores couldn’t check what stock was where. This consolidated inventory system has reduced returns and helped increase e-commerce sales by double digits, as well as helping store managers improve capacity management.

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Inventory Accuracy: The Not-so-Secret Ingredient for Holiday Sales Success

Retail TouchPoints

This created a ripple effect for retailers that were experiencing a higher volume of ecommerce orders and had to leverage stores as fulfillment centers to process and ship online orders. As stores were closer to consumers in the “last mile,” orders shipped from stores were able to arrive much more quickly and cost effectively.

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How Virtual Stores Bring the Joy of Discovery to Online Shopping

Retail TouchPoints

For the holiday season, home décor retailer Cost Plus World Market launched a unique digital experience designed to spark joy among its traditional shoppers and boasting a real in-store layout that allows customers to browse and buy more than 550 holiday products.

Shopping 270
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12 Proven Customer Retention Strategies in Retail

RETAIL MANAGEMENT SOFTWARE

Offering expedited delivery options, such as next-day or same-day shipping, can significantly improve the customer experience, especially for those who need their purchases urgently. Take immediate action on customer feedback, whether it’s addressing a product issue or improving store layout.

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3 Key Retail Metrics and How Supply Chain Readjustments Can Help

Retail TouchPoints

The right transportation technology vendor can route local pickups from multiple vendors going to the same customer, batch them at a cross-dock, and once they fill up a full truckload, ship them directly to the customer’s facility/store with no additional steps. This can be the entire shipment, a pallet or a parcel.