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Inside Retail spoke to Charles & Keith’s co-founder and COO Keith Wong to learn further details on the company’s retail concept and global expansion strategy. IR: How do you see the role of flagship stores evolving in your overall retail strategy?
Investing in display strategies can help companies increase their influence and revenue. It’s crucial for sports and outdoor companies to implement display strategies catered to their target audiences and placed in the right location to attract attention. Read on for some of the best display strategies for this vibrant industry.
But once the dust settles, the real work begins: analysing the data generated during this period to inform strategies that can drive growth for the year ahead. Sales figures, customer interactions, and marketing performance all offer valuable insights. For repeat customers, the focus is on strengthening the relationship.
Our research shows that 34 per cent of retail executives say supply-chain efficiencies and improvements are a top customerengagement priority. This model helps ALDO, which specialises in shoes and accessories, better predict demand to ensure it has the right inventory in the right channels.
The rise of Amazon, Netflix and Spotify, with their highly personalised recommendation engines, is a testament to the success of the strategy. Big data driving personalisation Retailers are collecting vast amounts of data to better understand customers’ personal, transactional, and behavioural information.
Matilda quickly became Staxs creative catalyst, bringing her business acumen and strategic thinking to the brand, where her influence shaped everything from product design to customerengagement, particularly in developing its womenswear. Were going to have a completely new presentation of how we do social media, Matilda explained.
Australian athleisure brand LSKD has appointed its first chief retail officer, the former director of retail for Lululemon ANZ Alex Shaughnessy, as part of its strategy to become a world-class retailer. Part of this expansion strategy is to give LSKD customers the ability to shop directly with the brand. “We
Since the pandemic started, retail brands have been forced to make the shift to digital at warp speed – prioritising a major shift towards online purchases, customerengagement and social amplification in order to maintain relevance in this brave new world. First step towards the metaverse is design strategy.
The customer is always right After six years executing its ‘customer-first plan’ under King’s leadership, Myer has managed to turn around its reputation with consumers and bolster its bottom line for shareholders – even if only marginally.
Venturing beyond the traditional retail sphere, the group has also made its mark in travel retail, securing its place as the master concessionaire for fashion & accessories at Jakarta’s Airport In Indonesia. This helps drive customerengagement, increase conversion rates and foster customer loyalty and trust.
FWRD offers a highly curated collection of iconic and emerging luxury brands, while Revolve similarly offers a curated assortment of premium apparel, accessories and beauty products at a lower price point. It recently opened its first-ever store, entering into the omnichannel realm. A seller with a 40 per cent retention rate has 2.3
Crafting brand narratives through popup stores can be an effective strategy to engagecustomers, create buzz, and build a unique brand experience. This scarcity creates a sense of urgency and exclusivity, driving customerengagement and brand loyalty.
“It is important that retailers recognise that BFCM is a sales opportunity that expands well beyond a four-day weekend,” advises Ben Eversfield, senior customer success manager at Klaviyo. Employing the right strategies before, during, and long after BFCM is crucial.
Klaviyo – an intelligent marketing automation platform – has created the ultimate calendar with more than 150 key e-commerce dates to consider when planning and executing your year-long marketing strategy. Klaviyo customers have reported a significantly higher open rate from deploying this strategy.
Furthermore, I assess their impact on the visibility of a brand, customerengagement, and overall success. During the event, the communication strategy takes a dynamic turn with a focus on spotlighting limited-time discounts and special deals, leveraging the urgency of the season to prompt swift purchase decisions.
Broderick said that he gained valuable insights into effective brand positioning, marketing strategies, and building strong partnerships with retailers and influencers. This experience has also sharpened his ability to adapt to diverse markets and tailor strategies to meet the specific needs and preferences of APAC consumers.
In fact, this is a huge appeal to customers across the generations and has opportunities that appeal to many categories that include home decor, beauty and wellness, accessories and fashion, paper goods, pet products, kids and baby goods, and jewelry. Do you offer a multi-carrier shipping strategy? Why or why not?
When we sought answers from LP managers, enquiring about the tactics customersengaging in theft employed, their responses were both enlightening and disheartening. Recent research into the effectiveness of various security measures at preventing customer theft provides some insights. What deters shoplifters?
My background in retail strategy and customerengagement aligned well with Pandora’s goals, especially around personalisation and sustainability. IR : How did you land your present position with Pandora? LR: The opportunity at Pandora excited me because of the brand’s distinct identity and commitment to innovation.
Part of the brand’s retail growth strategy for 2024, defined by the consulting CEO is to boost the overall revenue by at least 8 per cent. Other KPIs that the brand monitors include sales volumes across channels, overall revenue growth and the returns rate, which is crucial for maximising profitability and customer satisfaction.
Achint Setia, Zalora’’s chief revenue and marketing officer, told Inside Retail that it was all about creating a seamless customer journey. The final price of the item was listed on the 8th of November, at which point customers were able to purchase the product at a fraction of the original retail price,” he noted.
Tapping into live streaming A key part of Shopee’s customer experience is live streaming, so it will be interesting to see how H&M incorporates this feature into its broader digital strategy going forward.
There is a huge opportunity for retailers to use NFTs in their customerengagementstrategy. Last year, Adidas integrated POAPs (Proof of Attendance Protocol) into its Confirmed app, which enabled its most loyal fans to secure exclusive content and special access to upcoming drops and experiences.
. “They also showcase demand for our products beyond our community and allow more customers to experience exclusive data-driven fashion from our top design partners.” Coresight’s Zheng said the strategy could be seen as a proactive step towards addressing some of the challenges Rent the Runway is facing.
It does so through a variety of methods, including the use of its website, social media, product packaging and custom-made postcards. The brand has also strategically positioned its bean retail areas and filter-brewing stations in prominent and accessible spots in its cafés, to encourage customerengagement and enquiry. “To
At trade shows, you can Get exposure to new markets Showcase innovations and products Directly interact with potential customers Analyze the competition’s offerings Exhibiting at automotive trade shows can significantly contribute to business success by facilitating brand exposure, customerengagement, and competitive analysis.
This is why the demand for unique and innovative digital marketing strategies has increased. A short production time, combined with a cohesive brand, marketing, and e-commerce strategy, paved Bing’s way to community-driven success. Businesses – startups or big players – have inundated the online world with marketing static.
Whether through Louis Vuittons elegantly packaged caf and chocolate line or Gucci Osterias Michelin-starred dining experiences, luxury houses have realised that food is more than just an additional revenue streamit is a powerful tool for customerengagement.
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