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Revealed: Raffles’ strategy to lure back in luxury customers

Inside Retail

The Raffles team plans to complete the mall rejuvenation program by the end of the year, with the plan to execute more unique, experiential events and activities to engage shoppers. This program will cover around 111,000 sq ft of retail space across levels one to three. Attracting crowds. A focus on sustainability.

Strategy 130
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What is Omni-channel Retail?

Retail Bound

To be competitive in today’s market, brands need to think about how they will drive product sales across all channels, as well as how they will manage customer data and marketing activities. They must also keep in mind the cost associated with setting up multiple storefronts and managing them daily.

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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. .