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How to Run a Thriving Retail Business Amidst Economic Uncertainty

Compliantia

how to run a successful retail store during inflation Also, since it’s less expensive to retain loyal customers than to acquire new ones, you’ll want to focus more on your customer retention strategies at this time. in an effort to boost customer loyalty. in 2022 from 3.2% Wondering how we got here?

article thumbnail

How to Run a Thriving Retail Business Amidst Economic Uncertainty

Compliantia

Also, since it’s less expensive to retain loyal customers than to acquire new ones, you’ll want to focus more on your customer retention strategies at this time. Find creative ways to engage with them, offer personalized service, or come up with subscription models to boost loyalty. in 2022 from 3.2%