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Cross-channel retailing is the practice of reaching customers through multiple sales channels that usually include both online and brick-and-mortar retail channels. Amazon proved that it’s possible to build an online presence for retail operations...
Managing a jewelry store can be a rewarding experience. Managing a chain of jewelry stores is even better. But if you’re store or chain isn’t living up to its full potential, it may be...
Price management is one of the most important operation in any retail or wholesale environment. Price is right merchandise for retailers or wholesalers. Whether you’re managing prices for long-term or for seasonal cycles, you...
Companies looking for a way forward to expedite their recovery strategies in the Post-COVID black swan must take some bold decisions to prepare for the new normal. This would entail conducting a due diligence...
According to the latest reports from NRF 2020 Report and Survey, Consumers are most likely to spend an average of $30.19 on family members other than their spouses compared to $29.87 in the previous...
Respondents who were interviewed lately on their spending forecasts were quite optimistic about their household incomes, buying power and the job market in general. They were planning to spend an average $196.31, a whopping...
Business Insider reported, in 2016, that there would be 27.7 million mobile point-of-sale (POS) devices in the U.S. by 2021. Of course, that doesn’t mean that all of them will be retail-centric. Mobile POS...
Retailers who manage the product life cycle effectively are the ones who survive the next age of commerce. They are the most competitive, most profitable, and most enduring retail operations on the market. That’s...
Retailers of all stripes profit by controlling two cycles–the buying cycle and the selling cycle. If you control one, you only have half control over your merchandising. If you control them both, you’ve got...
In 2019, even jewelry retailing has been touched by omni-channel retailing. What that means is, as a jeweler, you can’t rest on your brick-and-mortar laurels. You’ve got to appeal to your customer through multiple...
Managing retail operations holistically means focusing on each aspect of the business and managing each essential element of the operation effectively and efficiently. To be profitable, you can just focus on the business as...
