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Retail Consumer Behavior Patterns and Shifting Dynamics: The Future of Retail & Retail Trends

RETAIL MANAGEMENT SOFTWARE

While many retailers appointed a store associate to physically count foot traffic to adhere to the occupancy rule, some retailers added floor markers that are spaced 6 feet apart and installed customized plexiglass shields at all point-of-sale. The store experience is a big part of REI’s success.

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Ecommerce Glossary

AcquireConvert

Customer lifetime value (CLV): an estimate of the total worth of a customer throughout their relationship with the ecommerce business. Customer profiles: an overview of the customer using quantitative data, including demographic information such as age/gender and purchase history, etc.