Remove Engagement Remove Management Remove Social Media Remove Specialty Retailers
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7 Costly Mistakes to Avoid in Retail

Compliantia

All the while, retail profit margins are shrinking. According to data from CSI Market , the specialty retail sector’s profit margins sat at 35.55% in the first quarter of 2021, down from 36.01% in the previous quarter. . Time management is, therefore, a crucial skill that every retailer needs to possess in order to succeed. .

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Consolidation and live shopping: Four e-commerce trends to watch in 2023

Inside Retail

Without further ado, here are four major areas for retailers to focus on in 2023. Social commerce and live shopping. Social commerce is anticipated to grow three times faster than traditional e-commerce by 2025. In 2023, we’ll continue to see the ‘consumerisation’ of B2B retail. million) in gross revenue.

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