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news, and trends from the Coldwell Banker Commercial brand.
With the market changing over time, retailers in the grocery and apparel sectors are having to constantly rejigger their techniques in order to stay relevant. Let’s break down the facts so that you have a better chance of coming out on top when the competition gets tight.
Author: Jeffrey D. Fisher Ph.D.
Some businesses are incredibly seasonal. Some businesses, for example, like ice cream shops or retail shops in resort areas, are widely dependent on the revenue they generate in the summer months. Securing a good lease for these months can help play a great role in the success of the small window your business may have during the year.
The retail landscape has been changing for quite some time with the largest impact coming from online retailers and more purchases being made on the internet. In fact, in just the 3 years between 2010 and 2013 the number of store visits dropped from 34 billion visits to 17.6 billion visits according to Elite Wealth Management.
The retail sector has seen some dramatic shifts in the past years as technology and the presence of online shopping continues to evolve and grow. Technology and online shopping has even driven some strictly brick and mortar retailers like Borders to go out of business.
Recently, Amazon unveiled their newest concept called Amazon Go. While Amazon has taken over and changed the face of many industries, most notably books, they have been looking to get into grocery. While Amazon has had Amazon Fresh, a grocery delivery business, everyone is now talking about their brick and mortar grocery concept which is called Amazon Go. Here is what you need to know when it comes to Amazon Go.
By all estimates, the back-to-school season will have pulled in more than $75 billion dollars. It is second only to holiday shopping in the highest grossing retail season. With more consumers shopping via mobile than ever before, where can retailers expect to see the highest sales this holiday; online or in store retail?
If you can attract customers to your store through their mobile devices, you are reaching an audience that looks at their phones all day long and carries them everywhere they go. When they’re bored, while they’re taking the train to work, they are checking their phones and surfing online. When they are looking for deals, your app should be promoting it to that enormous audience of potential customers.
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