article thumbnail

Adapting To Changing Consumer Behavior: Strategies For Indie Retailers

RetailMinded

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

article thumbnail

Adapting To Changing Consumer Behavior: Strategies For Indie Retailers

RetailMinded

According to McKinsey & Company , 75% of consumers are exploring new shopping behaviors, indicating a significant change in their preferences and priorities. Understanding Changing Consumer Behavior The retail industry is undoubtedly no longer what it used to be; customer shopping habits and preferences are quickly changing.

Insiders

Sign Up for our Newsletter

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

article thumbnail

No Longer Alternative: The Rapidly Approaching Future of Local Payment Methods

RetailMinded

Contributed by Steve Villegas VP, Head of Payment Partnerships for North America. Customer retention requires a well-balanced blend of gilt-edge experience and customization. Merchants serving a global audience need an added layer of personalization; tailoring their payment method offering to consumers in each market.

article thumbnail

Six Tips And Techniques To Boost Retail Efficiency

RetailMinded

Moreover, well-trained employees are more adept at handling diverse customer situations, leading to higher customer retention rates and increased sales. Optimize Your Store Layout A well-optimized layout enhances the shopping experience, increasing sales and customer satisfaction.

article thumbnail

Evercommerce Review 2023: All the Pros and Cons You Need to Know

Ecommerce Platforms

Business management solutions: Use a host of industry-tailored workflow solutions to meet with the growing demands of tech-enhanced consumers. Omnichannel capabilities range from point-of-sale solutions to mobile payment, ecommerce, and electronic invoicing. Simplify billing, streamline daily business operations.

article thumbnail

6 Practical Tips to Help Your Customers Handle Credit Card Declined Codes in Your Retail Store

Korona

Credit card payments should not be the only payment method offered. Offer other payment methods such as mobile payment, bank transfer, electronic check, or cash. It is also a good idea from a customer retention point of view. Narrow your fraud filter.

article thumbnail

6 Practical Tips To Help Your Customers Handle Credit Card Declined Codes In Your Retail Store

Korona

Credit card payments should not be the only payment method offered. Offer other payment methods such as mobile payment, bank transfer, electronic check, or cash. It is also a good idea from a customer retention point of view. Narrow your fraud filter.