by admin | Aug 17, 2023 | Brick & Mortar, Community, Customer Experience, E-Commerce, m-commerce, Merchandising, News, Retail Strategy, Retail Technologies, Social Commerce, Social Media
After first gaining popularity in the mid-1980s when CPG markets saw an explosion of products, slotting fees continue to be a routine cost retailers charge brands. Essentially, a slotting fee is what brands and manufacturers pay to have their products placed in prime...
by admin | Aug 13, 2023 | Brick & Mortar, E-Commerce, News, Retail Economy, Retail Strategy, Retail Technologies
PHOTO: CANVA Reports of brick-and-mortar’s death, dubbed the retail apocalypse during the height of the COVID-19 pandemic, were greatly exaggerated. Physical store sales rebounded in 2021 as the omnichannel future came into focus, with total...
by admin | Jul 29, 2023 | Brick & Mortar, Community, Corona Virus, Industry, News, Resources, Skateboard
The most stable part of skating used to be the price of a skateboard. Whatever the brand, whatever the graphic, in America, a pro board cost about $55. But unless you get skateboards for free, you’ve probably noticed that, lately, you’ve been paying more for them....
by admin | Jul 28, 2023 | Brick & Mortar, Commercial Real Estate, News, Resources, Retail Strategy
A busy road lined with strip centers. In Q2, demand for retail space in the suburbs outpaced demand in downtown markets, according to CBRE. “Strip Mall City” by Jacob Norlund is licensed under CC BY 2.0 As more retailers move to strip centers, space is opening up at...
by admin | Jul 25, 2023 | Brick & Mortar, Customer Experience, Customer Loyalty, Resources, Retail Strategy, Retail Technologies, Reviews
Authenticity is at the forefront of every consumer buying decision, thus making reviews a barometer for a product and a company’s trustworthiness. Forty-nine percent of consumers trust reviews as much as personal recommendations...
by admin | Jul 23, 2023 | Brick & Mortar, Clearance Sales / Discounting, Customer Experience, Customer Service, Resources, Retail Strategy
Defensive selling is a sales approach typically driven by a sales associate’s anxiety and the assumption that a customer will only make a purchase if the salesperson is proactive to perceived customer objections. Salespeople feel it is customer service, but...