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How Much Does It Cost To Open a Retail Store?

Korona

The actual costs of opening a retail store vary depending on the type of retail business you want to start, the size of the store, and, last but not least, the location. However, according to vlogger and boutique owner Alli Schultz, the initial startup costs for opening a retail store can average up to $48,000.

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Stockly Review: Outsmarting Out-of-Stocks

Ecommerce Platforms

In this Stockly review, we’re introducing you to one of the many exciting new French startups making their way into the changing consumer market. If you operate an online store and your customer sees a product out-of-stock, the chances are they’ll leave your website and look for an opportunity to buy elsewhere.

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How to Recession-Proof Your Online Retail Business Without Raising Prices

Korona

While raising prices during uncertain economic times is not unheard of and may even be expected, it is not always the best option, especially when consumer spending is likely to decline. . Below are some concrete ideas for protecting your retail business from the recession without raising prices.

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What Is Inventory in Retail – Everything You Need To Know As a Retail or SMB Owner

Korona

The lifeblood of a successful retail business is mainly dependent on the retailer’s ability to provide consumers with quality products in sufficient quantity from the right place at the right time. Effective inventory management helps you meet your customers’ demands and generate sales. It’s not easy.

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4 Ways Businesses Can Use Shipping to Reduce Cart Abandonment

Retail TouchPoints

Consumers are spending more money online than they do in brick-and-mortar stores, particularly during the busy holiday season. But these same online shoppers do something else that all retailers hate: They fill up carts without making a purchase. There is no single reason why consumers choose to abandon their shopping carts.

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NRF 2021: High-Level Insights from Lowe’s, Chewy, Alibaba and Wayfair

Retail TouchPoints

Necessity forced the National Retail Federation Big Show from the physical world into the virtual one, but its reputation for insightful presentations from retail industry leaders drew a significant “crowd” despite the change of venue. Following is just a small sampling of highlights from Chapter One’s 100 sessions.

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Why Every Seller Should Consider Multi-Platform Analysis

Algopix

The Digital Marketplace Landscape In recent years, the world of retail and commerce has undergone a seismic shift towards digital marketplaces. The rise of online shopping has dramatically transformed how consumers buy products, and as a result, sellers have had to adapt to this changing landscape.