POSTS TAGGED : retail business

Is Retail Dying in 2022? The Future of E-Commerce

The narrative that retail is dying is quite popular among many e-commerce players. But is the industry actually collapsing? While we hear horror stories about retail bankruptcies in the media and the horrendous aftermath of the pandemic for many businesses, in the past year, retail sales have gone up again. Experts project that by 2025, retail profit will reach at least $30 trillion globally.

Ecommerce

Despite the slight increase in retail’s success, it’s safe to say that retail is on the verge of disruption. The high customer demands and the need for convenient, digital services force many businesses to adapt, which means switching to the electronic world.…

Continue reading →

3 Tips for Running a Successful Retail Business

Retail is a notoriously tough industry. Customers are demanding, competition is fierce, and profit margins are often slim. However, don’t let this reality discourage you. There is still plenty of room in the retail world for small businesses to enter and find success. However, you’ll need to make some smart decisions to outperform some of the existing giants of retail.

Retail business

So, let’s take a look at the top 3 tips for running a successful retail business!

Focus on Your Customers

Many business owners fail to realize that they can’t find success without helping people. At the end of the day, customers are just people looking for a solution to a problem.…

Continue reading →

Top 10 Ideas on Merchandising Your Jewelry Retail Shop Display

How to boom your business in a jewelry shop? You’ve loaded your retail location with extraordinary and chic adornments you realize your clients will cherish. However, loading your store is just essential for the condition. To move property, you’ll need to show your adornments that will grab your client’s attention and show your gems in the best state – both in a real sense and metaphorically. Here are how to make a retail rocks show that won’t just draw in clients but will keep them returning.

Cartier jewelry store

All through the top half of the twentieth century, acclaimed artisans looked for some employment making retail window shows.…

Continue reading →

How to Ensure Your Retail Store is Health and Safety Compliant

Health and safety law extends to all enterprises, no matter how small they are. You are responsible for the health and safety of your retail store.

Wet floor caution sign

It is necessary to take proper precautions to reduce the dangers of occupational accidents and have a safe working atmosphere. All that’s required for many retail stores is a simple set of tasks. This article will walk you through the steps and help you make sure you’ve done everything you can.

Dealing with Wet Floors and Spillages

Wet floors may cause injuries, and your business could be liable by law. So, ensure that you keep your business clean.…

Continue reading →

7 Ways to Evaluate the Work of a Shopfitting Company

When it comes to deciding on creating a small business, it is imperative to get all the details right from the start. A business venture needs to immediately appeal to customers. This is where many business owners find it ideal to work as closely as possible with a skilled shopfitting company. At the same time, it can be hard to figure out which particular company is right for you.

Retail store shopfitting

Evaluating the work of a shopfitting company is easy with help from the experts, such as those at WhatsOnProjects.com/shopfitting-sydney/.

Attention to Detail

One of the most important aspects of bringing a shop to life is making sure that all the details are in place properly.…

Continue reading →

5 Ways To Effectively Expand Your Retail Business

Every business needs growth but with growing competition, retail businesses are finding it extremely hard to expand their business presence.

Unique retail store welcome sign

Here are 5 ways through which retail businesses can effectively increase their business.

1. Leverage The Power of Online Marketplaces

An online marketplace is an ecommerce site where you can list your products and generate extra orders for your business. It is easy to list your products on popular marketplaces and you start to receive orders once you products are listed and they become popular. You need to pay a commission to the marketplace on every sale that you are able to generate.…

Continue reading →

How to Get the Most Out of Your Window Display

As a retail store, window displays are one of the most indispensable weapons you have in your marketing arsenal. They can turn the heads of those walking by and get them interested in your brand, converting them from mere passers-by into customers that will visit your store time and time again.

First-rate window displays tell everyone exactly what your brand is all about and enable its personality to shine through on the high street. The most eye-catching and unique window displays can even capture the imagination of the wider public by encouraging passers-by to share content about the display on social media, creating widespread attention around your brand.…

Continue reading →

How Retailers Use Business Intelligence to Turn Data into Dollars

What is Business Intelligence and Why is it Important for Retailers?

Developing business strategy for decision making using BI reports

Business intelligence, also called BI, or analytics, is an umbrella term referring to the numerous tools in place for collecting, analyzing, and presenting business data. Numerous modes of technology, including applications, can be implemented in the capture of this valuable information. With accurate BI, retailers get to see the current state of business operations.

Business intelligence is important for retailers because it offers a new perspective on the big picture. For instance, BI can be used to prevent fraud and stop revenue loss early thanks to verifiable data trends. BI can also help teams make better decisions when it comes to retail purchases and allocations.…

Continue reading →

Improving Behind-the-Scenes Communication in Retail

There are lots of reasons people still love and will always love going to stores: The ability to interact with products hands on. The opportunity to have unique and exciting experiences. The social elements of shopping with friends, family or even strangers.

Shopping scene at a pop-up shop

But there is one element that most distinguishes physical retail from online retail and still defines why people shop in stores – human staff. Working with friendly and knowledgeable employees is the easiest way to get the products, services, and overall sales experience you most want. Having stellar staff is one of the biggest assets today’s stores have to offer consumers.…

Continue reading →

Lessons Small Retailers Can Learn from Giants Like Amazon

The biggest brands in business didn’t become so famous by sheer chance. There are numerous smart decisions and careful planning that helped them achieve this.

Clothing store display

Every small business dreams of the day that their business can reach countless consumers from all over the world, but very few genuinely reach this point. Regardless, there is plenty of room for success further down the mountain; you just have to know which strategies to implement.

When providing retail services as a small business, there are many hurdles to growth and profit. If you learn the right lessons, however, it can be done.

There are a few lessons that any small retailer can learn from major giants like Amazon when building their business.…

Continue reading →