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Open to Buy: The Retail Business Art

Retailing Insight

Further, if you have multiple locations, each location should have its own forecast for each classification of merchandise. Lots of specialty retail stores plan their business by “buying what we sold last year” or “we expect to be up 2%.” Too often we hear about bad forecasting techniques. These are not forecasts.

Art 52
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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%.

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Small Team Retailers Still Earn Big: A Review of the RIS Top 100 Retailers

Theatro

Two small team retailers hold onto large shares of the retail market for the second year in a row. Pharmacies, CVS, and Walgreens which collectively share 9.47% of the retail market, landed in the top 10 alongside retail giants, Walmart (12.67%), Amazon (10.4%), and Costco (4.65%), respectively.