The Indian retail industry has had a rather inconsistent curve, but after the pandemic things have picked up a lot. Everything is escalating due to the boom in e-commerce, there are changes in the spending patterns and many newer ways of payments. In this article, we’ll explore the fundamentals of the Indian retail industry, study […]
Stockpiling up inventory for an audience who will never come. This is an exercise in absurdity that ranks among the greatest experiments in financial ruin in the history of the world. As a retail professional, you may own a retail business, or work for one. And nothing is more important to you and your business
In its most basic form, retail business intelligence is the process of transforming data into valuable insights within the retail sector. This can be achieved through various methodologies, but it typically entails the utilization of analytics to understand emerging trends and recurring patterns. In this article we will understand retail business experience and how it
In the rapidly evolving landscape of the retail industry, staying ahead of the competition is no longer just about having an appealing storefront or offering attractive discounts. Today, data has become the new currency, and smart retailers are harnessing the power of data analytics to gain valuable insights into consumer behavior, optimise operations, and boost
Choosing the right location can have a profound impact on attracting foot traffic, increasing sales, enhancing brand visibility, and ultimately, ensuring the viability of a store. Conversely, hasty decisions in site selection can undermine even the most meticulously planned retail ventures. An ideally positioned retail outlet can also streamline logistical and operational aspects across the
The retail sector is a vital component in the everyday lives of consumers. It’s a dynamic industry, continually adapting to new trends, technological advancements, and shifts in consumer behavior. The advent of data analytics has revolutionized retail, providing merchants with potent tools to refine their operations, enhance customer experiences, and boost sales. Through the analysis
