Caroline MoutetinWhy Retail Needs Digital ?The Digital Age is the FutureOnly 39 percent of shoppers aged 18 to 24 haven’t shopped with their smartphone, substantially lower than the 56 percent recorded from…Dec 6, 2016Dec 6, 2016
Caroline MoutetinWhy Retail Needs Digital ?Digital Tools Enhance the Customer’s In-Store ExperienceBringing digital platforms in the store, like placement for online reviews, can help increase the rate of unplanned purchases and revenues…Dec 6, 2016Dec 6, 2016
Caroline MoutetinWhy Retail Needs Digital ?Competitors Already Invest in Social MediaA 2015 PricewaterhouseCoopers research study showed that approximately one-third of the 19,000 respondents spanning six continents receive…Dec 6, 2016Dec 6, 2016
Caroline MoutetinHow to Increase Your Retail Efficiency ?Embrace New Tech: Software and HardwareUpgrading your IT infrastructure and adopting a solid state drive (SSD) over the conventional hard drive helps employees start their…Dec 6, 2016Dec 6, 2016
Caroline MoutetinHow to Increase Your Retail Efficiency ?Lead with Prominent BrandsAfter determining which departments customers prefer, begin developing strategies around products that can serve as anchor tenants and…Dec 6, 2016Dec 6, 2016
Caroline MoutetinHow to Increase Your Retail Efficiency ?Simplify and Improve the Store LayoutThe layout of the store should be designed around making it easier for customers to navigate. Clearly designated departments, strategic…Dec 6, 2016Dec 6, 2016
Caroline MoutetinHow to Increase Your Retail Efficiency ?Increase Sales Per Square FootSales per square foot is defined as the average revenue for each foot of sales space available. Dividing total sales by the square feet of…Dec 6, 2016Dec 6, 2016
Caroline MoutetinHow to Increase Your Retail Efficiency ?Measure Performance with Retail FormulasAside from sales per square foot, you can also consider sales per linear foot of shelf space when you have a large number of wall units…Dec 6, 2016Dec 6, 2016
