Tag: Retail
The Good Retail Awards return for 2023
Following on from last year’s success, the Good Retail Awards return to the stage for 2023. Taking place as part of Spring Fair on Sunday 5th February 2023, the Good Retail Awards are set to shine a light on the achievements of those embracing creativity and innovation to achieve retail success. We take a look
Essentials of Retail Video Analytics: Counting, Occupancy, and Conversion Rate
If you’re a business owner, then you know how important it is to track your store’s performance metrics. But what are the most important metrics to track? In our opinion, it’s people counting, store occupancy, and conversion rate. Here’s why: People Counting The first metric you should track is people counting. Why? Because knowing how
How to Fix 2022’s Problems in the Retail Industry
The retail industry faces various problems, from overstock and theft to labor shortages and high return rates. Any CEO could lose sleep over a shopping public anxious about inflation and a media pushing the narrative of a cataclysmic, eminent Recession leading to more promotions and deals.
10 Ways Businesses Can Increase Holiday Retail Sales in 2022
In 2022, the landscape of the Holiday season is changing once again. As concerns about inflation rise, the National Retail Federation has reported that consumers have begun holiday shopping earlier than ever to save money and avoid potential inflationary price hikes. Whether shopping in-store or online, consumers seek deals and inspiration, from experiences to expert
What Crypto Means for Retail and E-Commerce – Retail Focus
There has been a steady rise in e-commerce and online retail sales. The online sales sector has become a major component of modern business and online entrepreneurship. This article looks at how cryptocurrencies are changing online retail and e-commerce. Advertisement: The rise of e-commerce driven by crypto Both retailers and consumers alike have been driven
Customer Behavior in Retail
In an industry known for its intense competition. Personalization of a shopping experience can drive a 40% larger basket (transaction size) according to the Boston Consulting Group. But, how can retailers better understand their customers, particularly in-store, in order to personalize the experience? From the arrival of the first online retailers, and the eCommerce channel
Here’s what a great retail experience looks like in Hong Kong: KPMG
When one talks about the state of commerce in the Asian region, the one thing that stands out is the rapid digital transformation that took place during the height of the pandemic. A recent survey by KPMG found that Hong Kong consumers are increasingly embracing digital channels, with 85 per cent of respondents reporting digital
Retail Store Accounting Methods 101
Last In First Out (LIFO) Accounting For Retail Business LIFO, on the other hand, evaluates inventory based on current wholesale market prices rather than what businesses actually paid for products in the more distant past. It typically calculates a higher cost of goods sold and in turn a lower profit margin, meaning this formula is
Mi9 Retail CEO, Neil Moses, Named to Top 50 SaaS CEOs Report for 2021
MIAMI, FLORIDA August 24, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software LeaderBoard) that enables them to automate and optimize their omni-channel commerce, is pleased to announce that its CEO, Neil Moses, has been named to The Software Report’s Top 50 SaaS CEOs for 2021. The Top 50
Top CPG and Retail Trend Predictions to Watch in 2023
As another tumultuous year ends, we eagerly anticipate what’s to come in the following twelve months. Here are the top CPG and retail trends we predict will be top-of-mind for retailers, brands, and consumers in 2023: 1. Direct-to-consumer Direct-to-consumer (DTC) is a retail model where brands sell directly to new customers, eliminating the need to
Simply Roasted: Innovative Marketeer – Retail Insider
Last week Retail Insider attended the launch of a four-day pop-up shop in London’s Soho for upmarket, roasted crisp brand Simply Roasted. The company – not content with entering the ridiculously over-crowded snacking market last year – introduced a very novel concept as its latest marketing channel. A pick-and-mix crisp shop We’ve had lots of
Retail Technology for unlocking full sales potential
iVend’s retail technology helps to engage smart shoppers. Read how we’re helping to create smart retailers. Read more Today’s shoppers are smarter than ever. They research products online before they even set foot inside your retail store. They use multiple retail channels interchangeably without so much as a pause for breath, and they are not