Remove Customer Loyalty Remove Customer Retention Remove Online Retail Remove Payment Services
article thumbnail

RSP21 Reveals Top Growth Drivers for the Post-COVID Era

Retail TouchPoints

“You have to have [social media] surveillance of course, but a better strategy is to use actual cloud-based software-as-a-service that handles the spikes for you,” Goetsch noted. How to Get the Most Value From Your Loyalty Program This Season. All of these things are impacting your people in-store and your customers.”.

Payments 265
article thumbnail

7 Tips To Improve Retail Store Performance

Korona

Providing your customers with a great customer experience means hiring sales associates who are passionate and knowledgeable about the products you sell. This requires a significant commitment to the interview and hiring process. Train these associates to create exceptional shopping experiences with every customer.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Delivery Experience Management (DEM): Retail’s New Weapon To Drive Customer Experience

lateshipment

In a typical online retail transaction, the customer adds the item they wish to buy to their shopping cart. On the checkout page, they select delivery speed and shipping service type. Gain Control of Your Customers' Delivery Experience Like Never Before. Improve Customer Retention and Customer Lifetime Value (CLV).

article thumbnail

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

Korona

However, by increasing customer retention by 5% , profits can increase by 25-95%. Additionally, the success rate of selling to a customer you already have is 60-70%, while the success rate of selling to a new customer is 5-20%. For all their benefits, loyalty programs are only suitable for some businesses.

article thumbnail

Top tips to make Black Friday and Cyber Monday a success in 2022

365 Retail

You must know when to restock and make sure you don’t sell items that aren’t available, after all, astute inventory management drives scalability, profit, and customer retention. A strategy to help do this is product bundling: offering items that are commonly bought together to your customers.

article thumbnail

ecommerce in Nigeria – tips for success

Payoneer

However, despite the coronavirus pandemic’s boost, eCommerce in Nigeria faces several challenges, including inadequate logistics infrastructure, limited payment options, high shipping costs, and low consumer trust. In addition, successful ecommerce in Nigeria requires navigating Nigeria’s unique market challenges.

article thumbnail

Seven DTC eCommerce Trends in 2022

GetElastic

The world of digital commerce is constantly changing, and with the rapid shift to online retailing as a result of the COVID pandemic, 2022 promises to be no different. With this trend in online shopping, the DTC eCommerce industry will only continue to grow. See How Elastic Path Delivers Unique Customer Experiences.