In today’s saturated retail market, where myriad competitors exist in every niche, standing out from the crowd is critical. However, this task can be challenging. For one, as you work on positioning your brand, consumer behaviors and technology continue to evolve, constantly throwing you back to the drawing board. That’s where brand identity comes in.…
When pricing your products or services, you have a few different options. You can use value-based, competition-based, cost-plus, and dynamic pricing. Each of these strategies has its benefits and drawbacks that you need to consider before making a decision. This blog post will discuss each of the four types of pricing strategies in detail and help you decide which one is right for your business.
Use these tips to analyze your process for dealing with business receipts, and see how automation can help you capture all of your tax deductions and file your return in less time.
To stay ahead of competitors, market leaders have started to adopt AI-powered solutions—either in-house or external—to monitor competitors and provide their category and sales managers with necessary data to create a revenue-increasing strategy.
Well, even if you don’t like shopping, you’ll eventually have to do it someday or another. In this consumer-driven era, we receive messages and see ads every day that try to convince us to buy their products – this is what has made retail marketing so tricky.
Mobile apps have provided consumers with a magical power to surf the internet at their fingertips while they are on the go. And, these apps have become an integral part of the vast retail industry. Without a doubt, this industry is one of the biggest and most dynamic one in the marketplace.
A point of sales system also known as POS is one of the best programs for retail or restaurant businesses. It is an essential software which allows you to perform different operations efficiently. When used correctly, it can bring a fantastic experience and efficiency to your business and improve customer service.
The retail sector is perhaps the most visible industry to the typical person on the street – convenience stores, gas stations, the corner liquor and tobacco store or multi-storied shopping centers. However, most general retail stores have one thing in common…
For years now, the changing landscape of marketing has affected the growth of retail industries. As more people are shifting to digital, the hope for brick and mortar stores to thrive seems to be dimming down.
A retail think tank Fung Global Retail & Technology revealed in 2017 that about 6700 stores in the US had announced their plans to shut down.
Professional Liability Insurance (PLI), also defined as Professional Indemnity Insurance (PII) and commonly called Errors & Omissions (E&O) in the USA, is an integral part of running and protecting a retail shop against negligence claims.