Remove Engagement Remove Marketing Remove Specialty Retailers Remove Strategy
article thumbnail

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
article thumbnail

What is Omni-channel Retail?

Retail Bound

Although many new product companies are finding success selling on Shopify or Amazon, online sales still only represent 20% of all retail sales, whereas offline channels like brick-and-mortar locations, catalog, TV Shopping and Reward and Incentive markets represent 80%. Retail stores is by far the largest retail market segment at $6.5

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. . In fact, even as total retail sales saw a 10.6%

article thumbnail

How Malaysian department store Pavilion is connecting with customers

Inside Retail

We have continuously worked with all our tenants to come up with robust marketing strategies to encourage customer traffic and spending, including creating promotional areas at high traffic areas, assisting with shopping and dining vouchers, and continuing with our shopper rewards and redemption programs.

article thumbnail

Here’s how Best & Less plans to stand out in the crowded discount sector

Inside Retail

Best & Less sees itself as a hybrid between a discount department store (DDS) and specialty retailer. “We We are a value retailer, like DDS participants, but we approach it with a specialty mindset. For us, quality and value must go hand in hand,” Orrock said. “We Enter the millennial parent.

Planning 130