In an economic system, there are a few recognised variables that influence demand and consumption. Practically speaking, you should never ignore the equ[...]
Something isn't right with your product offering and you know it. Your sales are down and fewer customers are visiting your store. These are signs that you need to look at what you offer and that's wh[...]
As a retail business, if you want to improve your sales and profitability, one solution is to offer shoppers the products they want to buy. However, that is not enough - it is just as critical for you[...]
Consistent product availability is the essence of a positive shopping experience and the backbone to ensure a secure income stream and loyal customers. Fail to provide the right products at the right [...]
Your customers have high expectations when they enter your store. They expect, among other things, to find the products they’re looking for and to have a pleasant shopping experience. So how can you a[...]
So you’re interested in introducing a new product category into your store because you hope it’ll bring you increased profits and show customers you can offer them more. Both are good reasons to bring[...]
Clustering is a function of category management which you can use to facilitate end-to-end solutions. You can also use cluster analysis to group your retail data and understand the similarities betwee[...]
As a retailer or supplier, it’s essential that you monitor your customers’ product interests and preferences so that you can offer the right products, in the right quantity, at the right place, and at[...]
Ensuring you offer the correct product mix at the right time, right place, at the right price and to the right customers is vital to surviving in a competitive retail environment. By selecting a caref[...]
Choosing the correct retail assortment is one of the most important decisions you’ll make for your retail stores. Select the wrong products, and you’ll have dissatisfied and frustrated customers. Fort[...]
While retail inventory is broad - there are multiple types of products across various categories - you can also filter it into two distinct groups. On the one hand, are your hardlines. On the other, a[...]
