The below infographic, The Psychology of Consumer Spending, provides a brief overview of consumer spending, with an emphasis on compulsive purchasing. The resource provides a variety of statistics: Who buys too much, what they purchase, whether they pay by cash or card, and … [Read more...]
3 Innovative Technologies Fueling Retail In The New Normal
The world is seeing a new normal and perhaps it is here to stay. Businesses have adopted remote operations as a long-term arrangement while people have curbed social outings to the minimal. Retail shopping is also witnessing a massive change as foot traffic in the stores is at … [Read more...]
Why Should my Business Opt for Plastic Gift Cards?
It feels like a lifetime since we could write about business or finances without using the words ‘difficult economic times’ in some context. Those words pop-up in almost all blog posts about retail. Businesses are constantly having to adapt to changes in shopping habits; the rise … [Read more...]
Machine Learning Can Improve Retail Results
Machine Learning (ML), a subset of Artificial Intelligence (AI), may be mysterious at first to many retail business owners and managers. But once they learn what it is, how it can benefit the bottom line, and how to use it, it becomes another tool in the arsenal of increasing … [Read more...]
7 Tips To Boost Your Present Retail Store Sale
If you are a retailer, it's inescapable sales will droop. Regardless of whether it's because of forces beyond your control like the city destroying the road in front of your store or occasional deals dunk or a decrease in pedestrian activity, all retailers will encounter a droop … [Read more...]
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