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Click OK, then refresh this Yelp page and try your search again. At the top-right hand corner of the window, click the button with three dots on it, then Settings. An effective way to tackle the problem is to adopt more innovative approaches to improving productivity, with the adoption and scaling of new technologies playing a major part in this. In the face of intense pressure in the market, it can sometimes be tempting to cut back on innovation and play it safe, but the rewards for implementing fresh methods can be significant.
Conversity has created a paper exploring the dual challenge of addressing the decline in productivity and consumer spending alongside the leading role that intelligent guided selling and technology has to play in improving sales conversion rate, average transaction values, employee knowledge, and the overall customer experience.
This blog is the first of three presenting a snapshot into what is a complex position for retailers across the UK. The rise of online and mobile has truly brought convenience to the fore: Consumers are more demanding than ever when it comes to the level of service and personalisation.
This does not mean simply providing personalised offers, but going a step further and making sure the entire shopping experience is tailored to the needs of each individual customer. Use strategies and technology such as IGS platforms to truly build exacting profiles of your individual customers. For many retailers, maintaining bricks-and-mortar stores is essential for ensuring that the needs of their consumer audience are addressed.
Fashion retail, for example, thrives on the premise that customers often want to see and try on products in real life before making a purchase. Demand for physical stores may not be as great as it once was, but there remains an appetite for it, and there are signs that positive evolution is taking place.
Concept stores, plus the many retailers looking to reconfigure the experience and increase footfall by opening additional leisure facilities, such as coffee shops and restaurants, within their stores means that other retailers should consider it as an important area where the decline in consumer spending can be tackled.
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