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Category Archives: Part 2: Ownership, Strategy Mix, Online, Nontraditional
How Retailing Is Evolving in the 21st Century
As we are well aware, retailing has continuously evolved since it began informally thousands of years ago. According to research by Joel Evans: “Modern retailing is the accumulation of incremental steps over time. The state of retailing at any given point is … Continue reading
Posted in Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 4: Store Location Planning, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Part 7: Communicating with the Customer, Part 8: Putting It All Together
Tagged infographic, multichannel, opportunity, planning, trends
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A New Global E-Commerce Infographic from Baynote
Baynote has put together an excellent infographic map about E-commerce around the world. Baynote is a company that is involved with big data, intuitive algorithms, next generation applications, and real time analytics. Check out its new infographic. Click the chart for a … Continue reading
Some Shoppers Still Like Small Retailers — A Lot!
Although this is the era of huge retailers, many shoppers still like patronizing small companies — even though large firms account for most retail sales revenues. As reported by eMarketer: “U.S. consumers are choosing small businesses because of the personalized … Continue reading
Posted in Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 4: Store Location Planning
Tagged customer expectations, customer loyalty, customer service, entrepreneur, experiential retailing, location, segmentation, shopping, small retailer, trust
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