Top 10 Innovative Retail Trends That Will Define 2023 – Part 2
Read Part 1 here 6. CUSTOMER TRAFFIC DATA In-store analytics tools are revolutionizing the retail industry by providing real-time insights into customer behavior and preferences. With the help of sensors, cameras, and Wi-Fi, these tools track foot traffic and analyze data to optimize store layout and product placement. Retailers can make quick decisions and adjustments […]
Top 10 Innovative Retail Trends That Will Define 2023 – Part 1
The retail industry has been rapidly evolving over the past few years, and the pace of change is only going to accelerate in 2023. From In 2023, there are 10 innovative retail trends that are poised to define the industry. From personalized marketing to frictionless checkout experiences, these trends will help businesses meet the needs […]
How to Increase Sales and Expand Your Retail Business?
Depending on whether you are a startup or a market leader, you would have different business perspectives and priorities. However, one question that you will always ponder is – how to increase sales revenue. Players in the retail industry, in particular, are more concerned about addressing this challenge. This is due to the high degree of […]
Sales trends for 2022/2023
The sales trends are changing rapidly, especially after the Covid-19 pandemic; therefore, retailers need to step up and bring their A-game to keep up. But don’t worry, we have curated a list of the hottest sales trends for 2022/23 so that you can prepare accordingly. 1.Customer wants an omnichannel shopping experience. With the pandemic asking […]
3 Modern merchandising strategies that work
With shopper experience gradually changing, brick-and-mortar stores really need to bring in their A-game to ensure that they stay in business. So let’s cut to the chase right away. Implementing the merchandising strategies would be a safe and secure choice. And here’s a list of the most commonly applied retail marketing strategies that work. 1. Avoid the […]
How in-store shopping has changed after Covid-19
The COVID-19 pandemic has affected people’s lives in many ways, and one of the ways is how they shop. One can say it opened a plethora of opportunities for shoppers to shop for their favourite items without having to go through a lot of hassle. Gone are the days of window shopping. Now people window shop through […]
5 signs your physical store needs retail analytics
Do you think that despite all your efforts in marketing your retail store, the output isn’t what you expected? If that’s the case, you might need retail analytics to up your sales and marketing game. Many a time, retailers face several problems that they simply can’t seem to solve. Here are five such problems, and towards the […]
How Retail Analytics Helps Improve Sales?
Most retail businesses have significant data inventories that require constant monitoring to make informed decisions about their operations, marketing, and sales strategies. Retail analytics helps leverage this data to identify areas for improvement and make data-driven decisions that can increase sales performance. When the pandemic hit Southeast Asia, retail businesses were one of the hardest […]
What Is Retail Analytics?
Retail analytics refers to the process of synthesizing business data on sales, inventory, and consumer behavior into valuable insights. Merchants can use it to make more strategic decisions about their management and operations. In 2023, the Southeast Asian retail industry is expected to reach $53 billion in market value, with an estimated user base of […]