“Stop waiting for something to bring shoppers back to your store and start innovating. Taking advantage of the creativity and entrepreneurial roots that prompted an independent retailer to launch their business has once again become a necessity.
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“Workforce is affecting everyone. There are more jobs than qualified applicants.
For independent retailers, subscription boxes and clubs are a great way to increase revenues and build customer loyalty.
From my perspective, reducing their physical footprint is a challenge many retailers are facing in the New Year.
Subscription services were a hot topic in 2017. The apparel startup Stitch Fix® exploded with success, Amazon is beta testing a similar product called Amazon Prime Wardrobe, and Under Armour® and Gap® also jumped in on the idea.
Brick and mortar retailers will face increasing pressures around addressing long-term debt.
What will be the biggest challenges retailers face in 2018? Are these challenges different for indie retailers?
The New Year is a time for fresh starts. This is the perfect time to set up goals for business and make those much-needed changes that we never got around to in 2017.
Recently, while tuning in to the second episode of a new Netflix series, a new button appeared — “SKIP INTRO”.
According to headlines, 2017 was the year of the “Retail Apocalypse.