Generating more revenue is undoubtedly one of the most important long-term goals of any ecommerce store.
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Expanding your retail merchandise always comes with the same set of questions: what do I want to sell next and how do I begin selling those items?
Go ahead…take a nice, big sigh of relief. Pat yourself on the back. After all, you deserve it. You survived the wild and unpredictable holiday season, and hopefully with record sales.
Pop-ups are no longer just a trend. As more big brands use them, and more venues are open to hosting pop-ups, retailers of all sizes are taking advantage of this unique experience.
It should go without saying that the checkout process is one of the most important elements on any ecommerce site.
If you want proof that America is crazy about sports, you only need to look at the numbers: in 2013, North Americans (including both the United States and Canada) snapped up $13.4 billion in licensed products from major sporting leagues, not including collegiate sales.
If your shop requires forecasting of inventory and the placement of advance orders, it is time to review your Open To Buy methods (OTB). Open To Buy is necessary for retailers to control their inventory.
The gift and souvenir market is big business. According to market research firm, First Research, the gift and souvenir market totaled about $18 billion in sales in 2013, spread among 30,000 stores in the category.
Retailers and distributors are in the midst of a major shift. As consumer demand for instantly accessible online inventory and quicker delivery grows, industry leaders are being forced to alter their supply chain management strategies in ways that drive sales and meet customer expectations.
The U.S. convenience store industry boasts a total of 151,282 stores (as of December 31, 2013) across the country and posted $696 billion in total sales in 2013.