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Business Growth through Digital Transformation: The Case of Premium and Luxury Brands

Retail Focus

Expert Manager at Univers Retail | Ephemeral Retailing Specialist | Published Author | Speaker In the dynamic and ever-evolving landscape of contemporary business, the concept of digital transformation has emerged as a pivotal force shaping industries and strategies at an unprecedented pace.

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Amid Rising Prices, Demand for Fair Prices is Rising Too

Retail Focus

Some of the most dramatic price rises came in sugar, which in May 2021 were up nearly 60% from April 2020. Fortunately, today’s price and promotion science support successfully balancing those competing priorities. Price Strategies at the Product Group or Item Level, Especially for Private Label. higher than a month earlier.

Strategy 246
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Welcome to the new customer experience

Inside Retail

Consumers now expect retailers to engage them whenever and wherever they want, with a shopping experience tailored to their individual needs. In an era when opaque data-use policies have jeopardised customer trust, retailers are increasingly cognisant of balancing AI-powered personalisation with privacy.

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Can Wesfarmers’ OnePass succeed where other membership programs failed?

Inside Retail

However, as subscription software Zuora’s strategy officer Nick Cherrier told Inside Retail , OnePass will have to become “much more than an online fulfilment service” in order to succeed – but it can learn from the mistakes of others. It’s a fine balancing act,” Cherrier said. “At Customers will be the judge.

Other 246
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Sustainability: How Aussies can help to invest in a better world

Inside Retail

It showed that if temperature rises are kept well below 2°C by 2100 – aligned with achieving the Paris Agreement goals – investment returns for Rest’s default Core Strategy investment option could be nearly two percentage points higher per annum to 2040( 1). So, what does this mean in simple terms? pds before deciding to join or stay.

Balance 130
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Is office gossip really that bad?

Inside Retail

According to Gallup’s 2022 State of the Global Workplace Report, employee engagement is just 21 per cent worldwide. It also found stress amongst professionals has reached an all-time high, higher than in 2020. Whether we like it or not, for those ‘gossiping’, it builds trust, engagement, and relationships. The alternative?

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What The RealReal’s store closures say about the future of luxury resale

Inside Retail

It pursued a ‘growth at all costs’ strategy, which is fine when that’s what the market wants. A balancing act “The dichotomy for The RealReal is that theirs is a sector with higher growth projections versus traditional retail as sustainable consumption behaviours and the circular economy begin to really take off,” Iacono added.

Fashion 130