Remove Customer Data Remove Improvements Remove Information Remove Point of Sale
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7 Targeted Retail Strategies for Revenue Growth and Margin Improvement

Retail TouchPoints

If customers feel your efforts are merely transactional, they won’t hesitate to go to your competitor looking for the next best deal. The 2023 Omnichannel Retail Index demonstrates that understanding what customers value and using that information to build long-term customer relationships is essential for survival.

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How to Collect Customer Data and Improve Shopper Experience

retailnext

Retailers depend directly on consumers for their business growth, which has placed shopper experience and customer satisfaction at the top of the priority list, making customer and market research very important. With point of sale data collection, you can: Sort customers by brand preference, spend level, purchase category, etc.

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Best Buy CEO Promises Enhanced Personalization, Physical Store Upgrades in FY2025

Retail TouchPoints

While the retailer will be focused on improving existing store experiences at scale moving forward, Best Buy is planning to “open a few additional outlet centers and new formats to continue to test two important concepts,” said Barry. These efforts and more will serve to increase membership engagement and continue to improve retention.”

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The essential metrics your retail POS software can track

iVend

Using your point of sale system to track performance, across every element of the retail operation, has never been more important. It tells you how you’re doing, and can be used to improve the quality of the decisions you make**. This can inform product selection, supplier selection and returns processes.

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5 Ways To Boost Your Retail Business Productivity Through AI

RetailMinded

This cuts down on overstocking and understocking issues (which translate to lost sales or excess costs). Implementing AI into your inventory system means smarter purchasing decisions and improved turnover rates. Think of it as having a crystal ball that actually works for predicting product trends and customer preferences.

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Unlocking Retail Success: How BI Solutions Streamline the Supply Chain for Optimal Efficiency

RETAIL MANAGEMENT SOFTWARE

These powerful tools offer actionable insights, data-driven decision-making, and improved supply chain visibility, leading to improved performance and increased profitability. This comprehensive understanding allows retailers to make data-driven decisions, optimize processes, and identify opportunities for improvement.

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The Ultimate Guide to eCommerce Payment Processing

GetElastic

When you have a reliable eCommerce payment processor, platform, or service provider, you spend less time maintaining the back end of your commerce experience and more time managing orders, improving customer experience, and expanding your business. What is eCommerce Payment Processing?