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Tag Archives: pricing
Can Apparel Startups Bypass Traditional Retail Channels?
Many entrepreneurs would LIKE to establish their own direct-to-consumer sales channel rather than market their merchandise through retail stores. Why? They would like greater control, a bigger share of profits, and other reasons. But, this is often not feasible. The … Continue reading
Posted in 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
Tagged apparel, customer expectations, customer service, department store, direct channel, entrepreneur, experiential retailing, inventory management, location, merchandising, multichannel, online shopping, opportunity, planning, Plunkett Research, Pop Outerwear, pricing, promotion, retail, segmentation, shopping, store, traditional, trends, wholesales
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Shopping Smarter at J. Crew
Retailers have a lot of behind-the-scenes tactics in which they engage to stimulate customer shopping. Recently, Businessweek reported on some of the tactics utilized by J. Crew to simulate shoppers in the store. This story has a lot of tips … Continue reading
Posted in Part 3: Targeting Customers and Gathering Information, Part 6: Merchandise Management and Pricing, Part 7: Communicating with the Customer
Tagged competition, customer expectations, customer loyalty, customer service, experiential retailing, inventory management, J. Crew, merchandising, pricing, secret practices, segmentation, shopping, store, trust
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What’s Ahead for Gilt Groupe and Other “Flash Sale” Retailers
This is a pivotal time period for Groupon, LivingSocial, Gilt Groupe, and other online “flash sale” retailers. For example, as noted by Daily Deal Media:”Groupon is trying to dig itself out of the trenches and increase its value again. It’s … Continue reading
Posted in Online Retailing, Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, 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 competition, customer expectations, customer loyalty, customer service, entrepreneur, experiential retailing, financial performance, flash sale, Gilt Groupe, Groupon, Kevin Ryan, LivingSocial, merchandising, online shopping, opportunity, planning, pricing, promotion, retail analytics, trust
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Retailing: From A to Z 