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How Digital Transformation Is Enhancing Customer Loyalty In The Retail Space

RetailMinded

But it seems to be picking up speed recently, with many retailers now experimenting with new technologies like chatbots and AR. Here’s everything you need to know about how digital transformation is enhancing customer loyalty in the retail space: What is digital transformation? Augmented Reality.

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Hyperphysical Luxury Retail Stores: Bridging the Gap Between the Physical and Digital Worlds

Retail Focus

Hyperphysical experiences benefit retailers, particularly in appealing to the Gen Z audience, who seek more than just a transactional shopping process. Brands can use hyperphysical retail to create brand awareness, enhance word-of-mouth strategies, and increase sales.

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Omnichannel Ecosystems: the ultimate extension of an omnichannel model

Inside Retail

This model would suit retail brands because they often have excess capacity across the services that they enable to support the sales of their own products. Revenue diversity, so instead of just transactional revenue, retailers might enable subscription models based on reserving capacity or space.

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From Shein to Chanel: Why we’re in the age of pop-ups

Inside Retail

From Shein to Chanel, Skims to Supreme, more and more retailers seem to be investing in temporary brick-and-mortar locations, more commonly known as pop-up shops. The use of temporary retail spaces is certainly not a new concept, it has been around for centuries. The brand can also gain experience with retail operations.

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Loss Prevention Tips for Small Retail Businesses

Jahabow

Although businesses of any size need to account for some losses, small retail businesses with low margins need robust loss-prevention strategies. Invest in Quality Security Systems The cornerstone of any robust loss prevention strategy is a state-of-the-art security system.

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Why local retail communities are important, and how retail design can encourage community retailing.

Retail Focus

It places emphasis on integrating the retail environment with the local community and building strong relationships between the retailer and customers. Community retailing aims to create a sense of belonging in the retail space by fostering customer engagement, retention and a supportive local economy.

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What Nordstrom’s Paul Smith pop-up says about the future of this retail trend

Inside Retail

.” What brands can take away from Paul Smith Clubhouse There are still a lot of opportunities for both direct-to-consumer brands and big-box retailers to tap into the pop-up space. The brand can also gain experience with retail operations. “The The brand can also gain experience with retail operations.