Category: Emerging Trends & Innovation
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Loyalty does pay off – Why a loyalty program pays dividends
Why Customer Retention Matters One of the most basic tenets of marketing and advertising is the understanding that it costs a company significantly more in time and resources to attract one new customer than it does to retain the business of one existing client. A company with a high rate of customer attrition is, by…
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Retail Management Systems Boost Efficiency to Increase Revenue
An increase in the efficiency of the various aspects incorporated in retail industry through the use of retail management software boosts the efficiency of retail companies to increase revenues. This is simply because these systems have the capacity to reduce the costs, create extra revenue and to streamline as well as optimizing business processes. These…
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Innovate or Face Extinction
A business needs to innovate or they risk becoming irrelevant. The typical sales model no longer applies for retailers. There’s no doubt that there will always be a need for brick and mortar stores; people need to touch and feel a product before purchasing it. In fact, over a third of online consumers cite this…
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How To Increase Retail Profits With An Ecommerce Platform
If you currently operate a physical retail operation, there are basically only two ways to increase the profitability of your retail operation Improve the efficiency of your present physical store Add another distribution channel which could be either an additional physical store or an on-line ecommerce operation. Theoretically, adding another physical store could approach doubling…
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POS System Software to Boost Your Business
Retail businesses have long understood the importance of POS systems to speed checkout and record valuable sales information. Even an unsophisticated, punch-key cash register than spits out sales at the end of the day is a form of a POS system. But astute retailers of all sizes are realizing that a POS system can provide…
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Social Media & Customer Loyalty Programs: An Effective Partnership for SME Retailers
Imagine that your retail business has continual access to your customer base each and every minute of the day, 365 days per year. You, along with your staff, can tell them anything you want about your business, and there’s a good chance that they will listen. They may even share this information with their own…
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How an SME Retailer Can Create Loyal Customer Evangelists
How does your small to medium size retail business treat and utilize the good will of your customers? Consider these two scenarios: Retailer A is a boutique wine shop with several locations in upscale, suburban communities. When prospective customer A walks thru the door, she is greeted in a friendly, genuine manner. A staff member…
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Turning the Mission Shopper into a Loyal Customer – How to improve your Small & Medium Size Retail Business’ Conversion Rate
The ability to consistently attract shoppers into your retail establishment and then convert them into buying consumers is the lifeblood of any retailer. Hopefully, along the way they’ll also end up buying more than initially planned. But as a rough economy and the internet continues to decrease the amount of visits a consumer makes to brick…
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CitiXsys and Boyum are pleased to announce the launch of B1AppSuite
CitiXsys and Boyum IT, two of the largest SAP Solution Partners globally, jointly launch B1Appsuite.com – a portal where you can download certified SAP Business One Addons New York, NY, September 27, 2011: Two of the largest SAP Solutions Partners,CitiXsys Technologies and Boyum IT entered into an OEM relationship to bring innovation in SAP Business One market space. The benefits of this…
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Gear up for Competition in Retail – an article for Retailers
Retailers need to undergo a paradigm shift to align to the current economic reality, escalating capital investments in inventory and increased customer service demands. Such a shift can come only when retailers embrace a fully integrated enterprise-wide application set. Manish Chaturvedi shares his thoughts on this published article. Download or view the article below. Gear…