Advice
Visit Retail Sector for advice, best practice, how to guides, and top tips for successful retailing, both on the high street and online. Retail Sector is your one-stop-shop for retail news, analysis, interviews, features and advice, keeping you in the picture.
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Feb- 2024 -29 February
The power of User-Generated Content: A guide for retailers
User-generated content (UGC) refers to any content created by customers or users of a product or service. It can include customer reviews, testimonials, social media posts, images, videos, blog posts, and more. UGC provides an authentic and unbiased perspective on your brand, making it a valuable asset for retailers. The…
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20 February
New season, new start – what’s next for the retail sector
As retailers look to unveil the new products of the season, there is an opportunity to start afresh – and consider how best to evolve operations to meet the demands of an ever-evolving breed of customers. While this is no small undertaking, it does provide a real opportunity to enhance…
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Jan- 2024 -24 January
A retailer’s guide to navigating economic downturns
1. Analyse and adjust inventory Start by analysing your inventory. Identify slow-moving or non-essential products and consider reducing their quantities. Focus on essential items that customers are likely to continue purchasing even during tough times. Be cautious about overstocking to avoid tying up capital in excess inventory. 2. Enhance cost…
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23 January
Sustainable packaging and e-commerce: what more can be done?
The Thanksgiving weekend of 2023, including Cyber Monday, saw $38 billion in online sales in the US, while e-commerce in the UK is forecast to exceed 38% of all retail sales by 2025. That’s an awful lot of packages being delivered to homes. Brands that sell a lot (or all)…
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23 January
A guide to integrating blockchain technology in retail
1. Supply Chain Transparency and Traceability Blockchain’s ability to create an immutable ledger of transactions makes it ideal for tracking the movement of products through the supply chain. Retailers can use blockchain to record every step of a product’s journey, from manufacturing to delivery. This transparency helps verify the authenticity…
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21 January
A practical guide to visual merchandising for retailers
Understand your target audience Before diving into visual merchandising, take the time to understand your target audience. Who are your customers? What are their preferences, lifestyles, and shopping behaviours? The better you know your audience, the more effectively you can tailor your displays to appeal to their interests and needs.…
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19 January
The ultimate guide to retail digital transformation
The retail sector faces a host of challenges in the digital age, including: Changing consumer expectations: Consumers now expect seamless, personalised, and omnichannel shopping experiences. Competition: E-commerce giants and digitally-native brands have disrupted traditional retail. Data overload: Retailers must harness vast amounts of data for insights and decision-making. Operational efficiency:…
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18 January
The retailer’s guide to live streaming and selling
Live streaming involves broadcasting real-time video content to an online audience. What sets it apart from pre-recorded videos is the immediate interaction it allows. Retailers are now using live streaming not just for brand awareness but also for direct sales. It’s like having a virtual storefront where you can showcase…
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17 January
Diversifying revenue streams: A strategic imperative for retailers
The COVID-19 pandemic highlighted the vulnerability of businesses that depended solely on physical retail. Diversification provides a safety net during crises and economic downturns. Consumer behaviours and preferences have also evolved rapidly and diversification allows retailers to adapt to changing market trends and seize emerging opportunities. Additionally, many retailers also…
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17 January
The power of user-generated content: A guide for retailers
User-generated content (UGC) refers to any content created by customers or users of a product or service. It can include customer reviews, testimonials, social media posts, images, videos, blog posts, and more. UGC provides an authentic and unbiased perspective on your brand, making it a valuable asset for retailers. The…
Read More »
