Customer Service
Here are three ways for your physical retail environment to exceed your customers’ elevated holiday expectations.
Understanding consumers’ habits and preferences is key to reaching them effectively with the right products and offers.
The National Retail Federation has predicted that holiday sales this year will increase between 4.3 and 4.8 percent over the 2017 holiday season. Deloitte's annual retail sales forecast was even more positive, putting the figure at 5.6 percent. This means retailers are looking at between $717 billion and $1.1 trillion in sales this holiday season.…
In the past few months, we’ve heard the bell toll for several large retailers that are shuttering storefronts due to competitive pressures and less-than-favorable financial performances. The combination of these forces makes it critical for retailers to focus on building customer relationships — changing the one-time transactional buyer into a long-term brand advocate. While companies…
And … *poof*, there goes another North American retail icon. How on earth could this have happened? Here’s a hint: Don’t blame Amazon.com, the internet or Walmart. There is, of course, never just one thing that leads to the downfall of a company. It’s almost always a progressive and insidious erosion created by poor leadership…
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Anyone who has walked down Main Street or through a shopping mall recently has seen it. Store after store shuttered. Big-name retailers gone. Even anchor-store locations decamped. These are challenging times for brick-and-mortar retailers. According to S&P Global Market Intelligence, 50 well-known store chains have filed for bankruptcy protection in 2017, among them such iconic…
To win and thrive in an era of Amazon, retailers need to master three core areas: zero-based budgeting; customer care; and advertising.
It can be hard being a small business today. How does one compete with industry powerhouses that offer millions of SKUs and free two-day shipping? Amazon Prime Now, for example, has over 940,000 products available across 32 U.S. cities, and Target has 39 distribution centers in the U.S. alone. The human and capital resources needed…
The holiday season is the busiest time of year for retailers, and shoppers are demanding more than ever in exchange for their attention, loyalty and dollars. If you want to succeed, you need to better understand not just what holiday shoppers want, but how they interact with your brand and make purchase decisions. Here are…