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Retail industry news, analysis, and trends covering stores, retail technology, ecommerce, consumer behaviour, and commerce leaders.
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Retail math is a set of skills that enables managers, sales associates, and other retail employees to perform essential tasks at both the retail and manufacturer level. It involves basic arithmetic, such as counting money and calculating change, as well…
Open-air shopping centers, also known as strip malls, have been gaining popularity in recent years due to the decline of traditional enclosed malls. Unlike their enclosed counterparts, open-air shopping centers are organized rows of stores spread over an area with…
Customer lifetime value (CLV) is a crucial metric for businesses of any size. It provides insight into the total revenue a business can expect from a single customer account throughout the business relationship, taking into account the customer’s revenue value…
Brooklyn’s experiential concept store, HOUSE OF SHOWFIELDS, recently announced the arrival of over twenty new brands to its Williamsburg location. This exciting addition expands the store’s carefully curated selection of innovative and unique products across various categories, including home goods,…
Everyday Low Pricing is a strategy where the products are provided to consumers at a lower cost or a discounted price over a longer time at a constant rate instead of releasing sale events. Only then can the same products…
Category killers have been around for decades, but their impact on local businesses and the retail industry as a whole has only become more apparent in recent years. These large retailers specialize in a particular product category and offer a…
Off-price retailing is a growing trend in the retail industry. It offers customers an opportunity to buy high-quality merchandise at lower prices compared to regular retail stores. In this comprehensive guide, we’ll explore the benefits of off-price retailing, the different…
Kering, a renowned luxury group, has recently opened its new Italian headquarters in the bustling city of Milan. This move signifies the company’s commitment to strengthening its presence in Italy, a crucial territory for Kering’s growth and success. At the…
Leasing retail space is a complex process that involves more than just finding the right location. It also requires an understanding of the different types of leases available and how to negotiate the best terms for your business. In this…
Direct-to-consumer (DTC) brands have experienced significant growth in recent years, thanks to their innovative marketing strategies and strong online presence. However, as these brands mature, many are considering expanding into brick-and-mortar retail spaces to further enhance their customer experience and…
In today’s competitive retail landscape, it is essential for store owners to continually find ways to increase sales and improve customer satisfaction. This article will explore various strategies that can help you achieve these goals, from optimizing your pricing and…