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Retail Trends 2023: A Guide For Small Business Owners

Korona

Despite persistent inflation and supply chain issues, there are significant bright spots in the retail industry. Total nationwide retail continues to rise each year, with 2022 reaching upwards of almost $5 trillion. Brick and mortar retail has shown impressive resilience over the past year.

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Three Requirements For Successful Retailers Post-Pandemic

Retail TouchPoints

The global pandemic has accelerated the pace of change for the retail industry at a rate we have never before seen. Burlington Stores is grappling with its January decision to cut online sales altogether and the coronavirus may be the final blow that shutters JCPenney for good. And contactless is not limited to the point of sale.

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Retail Store Equipment: What You Need Before Opening Your Retail Store

Korona

Opening a retail store entails many aspects. After you’ve drawn up your business plan, registered your business, obtained licenses , determined your financing, and found a location, you also need to consider your inventory and many other things. Retail POS system. Retail display and fixtures. Other hardware.

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Trending The Rules: Top Retail Trends Are Trending At An Unprecedented Rate

Retail TouchPoints

COVID-19 has changed retail. Earlier this year, we released a report, titled “The Best Vision is Insight,” outlining our predictions for the top retail trends of 2020. Online retailers of daily necessities may be inundated with overspill from closed physical stores. Cybersecurity Finds Its Cheat Code.

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How To Accept ACH Payments For Your Small Business: Everything You Need To Know

Korona

Automated Clearing House (ACH) payments are direct bank transfers of payments between people and businesses. Accepting ACH payments is a great way to offer customers additional convenience. ACH payments are not suitable for all businesses, such as retail stores that use point of sale (POS) transactions to accept customer purchases.

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How Inflation Is Affecting Retail Businesses?

Korona

If you are a retail business owner, chances are you have experienced increased prices for your products from your suppliers in the last several months. While economists and the National Retail Federation still expect U.S. While economists and the National Retail Federation still expect U.S. Table of Contents.

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Customer Rewards And Loyalty Program Examples

Korona

Loyalty programs have become an essential aspect of customer relationship management. All types of retail and service companies from the biggest eCommerce venders to local coffee shops and cannabis dispensaries , have implemented rewards platforms. It’s no great secret that the online shopping giant is good at attracting customers.