Best Practices for Success in Retail

Best Practices for Success in Retail

Many big name retailers are collapsing, others are sailing smoothly, and a few more are actually growing. The market changes, and those too slow to adapt to new demands and standards lose business. The businesses who keep pace are those that successfully utilize big data and data analytics effectively. Oftentimes, specializing in whatever Amazon does ... Read More
 
Infographic: Brick and Mortar Retail Trends for 2018

Infographic: Brick and Mortar Retail Trends for 2018

Although ecommerce is certainly leading the game in retail, brick-and-mortar stores are far from death. In fact, the National Retail Federation has found that the number of physical retail stores grew last year by 4,000 in the U.S. Check out this infographic for more details, including trends for the industry in 2018…
 
How Retailers Are Working to Compete with Amazon

How Retailers Are Working to Compete with Amazon

In the world of retail, Amazon is the pack leader sporting a visible from space target on its back. The changes Amazon has made to the retail landscape has the old guard dying off, this is highlighted by companies like J.C. Penny, Sears Holdings, and Toys R Us closing stores left and right. For those ... Read More
 
iDEXO: New co-innovation institute between startups, entrepreneurs and the corporate world reaches the market

iDEXO: New co-innovation institute between startups, entrepreneurs and the corporate world reaches the market

Today, a new initiative to promote entrepreneurship and innovation comes to market: iDEXO, a non-profit institute that aims to connect startups, entrepreneurs and developers to large companies in search of new business solutions. Created as an open innovation platform, the project aims to identify innovative ideas that have potential for adoption and exponential growth, give ... Read More
 
How Retailers Can Use Data Analytics to Succeed in 2018

How Retailers Can Use Data Analytics to Succeed in 2018

The first day of trading at Wall Street has kicked 2018 off to a much stronger start than was expected, but not a terribly sturdy one. This is largely due to everybody having a better Christmas shopping season than had been expected This doesn’t mean that everyone is in the clear. Over 20 different retail ... Read More
 
How Big Data Influences Retail Success

How Big Data Influences Retail Success

Big Data has been both loudly and quietly changing the retail landscape. Old models are presented with new challenges with which they cannot keep pace without making changes, and new models are rapidly developing to both push e-commerce forward and streamline the face-to-face retail experience for consumers. For those who take advantage of these new ... Read More
 
What It Takes to Succeed in Today’s Retail Market

What It Takes to Succeed in Today’s Retail Market

The only constant in the market today is that there is always a new change on the horizon. With that said, what constants can you control on your end to be able and ready to adapt to the regular changes in the economy? We have a few recommendations for you to use that if executed ... Read More
 
How To Meet Today’s Consumer Expectations

How To Meet Today’s Consumer Expectations

With the ease of access to information at the touch of a button the power has drastically shifted to resting in the hands of the consumer. There’s a new set of rules for retailers to abide by to cater to their audience, and when prices can be compared between a shirt on your rack and ... Read More
 
7 Strategies for Retail Success

7 Strategies for Retail Success

#1 Have a Clear Brand Vision The most successful businesses know their purpose. Their purpose goes beyond what product they sell. Once a retailer knows their purpose they can create a culture and strong brand identity. Retailers must think about what is more appealing to customers. “We sell cute, cheap shoes” may not grab a ... Read More
 
How Technology Can Help Save the Retail Industry

How Technology Can Help Save the Retail Industry

Although the global retail industry has been struggling in recent months, technology is one way to improve the metrics of retailers. Technology makes things more convenient for retailers and the customers, while saving some costs. Some systems that help improve retail businesses include apps, drones, beacons, inventory management, and cloud systems. Apps In recent years, ... Read More
 
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