Remove 2022 Remove Customer Retention Remove Marketing Remove Promotion
article thumbnail

No one will escape: Industry leaders on navigating the retail recession

Inside Retail

However, most discretionary categories have dropped significantly compared to 2022. Success] will be very much about stealing market share from competitors,” Brookes said. Marketing offensive According to a report commissioned by The Design Thinkers, 10 per cent of businesses exceed their typical performance during a recession.

Consumer 246
article thumbnail

Digital Transformation in Retail: The Need is Now

Parcel Pending

Retail digital transformation is when retailers leverage technology, e-commerce, omnichannel marketing and Artificial Intelligence (AI) to drive operational efficiencies while offering a customer-centric approach to retail. In fact, 74% of retail site traffic in Q1 2023 and 63% of online orders are generated by smartphones.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

D2C vs. Traditional Retail: What’s the Best Model for Your Business?

Parcel Pending

The D2C e-commerce market exploded during the pandemic as consumers were house-bound and took to online shopping to fulfill their grocery, wardrobe, home goods, and grooming needs. Many discovered new brands through D2C marketing, especially direct sellers – who were better positioned for ordering, communicating, and fulfilling online sales.

article thumbnail

How to Run a Thriving Retail Business Amidst Economic Uncertainty

Compliantia

June 2022 recorded an inflation rate of 9.1% , the highest we’ve seen in decades, while the annual inflation rate reached 8.3% in 2022 from 3.2% With 42% of consumers choosing to shop at discount stores and 45% looking for cheaper alternatives, you’ll need to position your business as one that customers can trust and rely on.

article thumbnail

How to Run a Thriving Retail Business Amidst Economic Uncertainty

Compliantia

June 2022 recorded an inflation rate of 9.1% , the highest we’ve seen in decades, while the annual inflation rate reached 8.3% in 2022 from 3.2% With 42% of consumers choosing to shop at discount stores and 45% looking for cheaper alternatives, you’ll need to position your business as one that customers can trust and rely on.