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Retail Minded's articles

  1. Department & Category
You already own a profitable retail store, so is there a point in adding liquor to your shelves? The answer to that question depends on the size of your storefront, funding, and several other factors. To help you make a decision, weigh the following pros, cons, and key considerations. What You Should Consider Before Stocking […]
  1. Shopper & Customer
In an era of turbulence, it’s essential to make your business as sturdy as possible. If you’re in the retail industry, you know how tough things can be. In fact, during the first half of 2017, several significant retailers were forced to go out of business due to poor planning owing to economic inflation. With […]
  1. Associates & Employees
The retail sector struggles to maintain a stable and content workforce. It has one of the highest turnover rates averaging above 60%. Most employees work long hours with low wages and no benefits. The great resignation brought about by the Covid-19 made things worse because the retail sector suffered the second-highest number of resignees.  However, […]
  1. Retail Ecosystem
Starting a brick-and-mortar business is a very big pursuit. Not only is the risk quite big, but there’s also the capital involved in coming up with your business. To that end, many budding entrepreneurs are finding it convenient and beneficial to do a trial run. This can be done by setting up a pop-up store.  […]
  1. Media & Marketing
Bristol, UK, and Austin, Texas-based tech firm, Brighpearl, is launching its first podcast, the ‘Lightning 50 E-Commerce Growth Hacking’ show, on Thursday, 21st April 2022. Hosted by industry expert Caroline Baldwin, the podcast is a weekly 15-minute bitesize show in which Baldwin interviews retail luminaries from high growth companies.  Each guest on the show has […]
  1. Shopper & Customer
For the past decade or so, many brands have been faced with the challenge of managing their own digital transformation, while simultaneously scrambling to serve the needs of an increasingly digital savvy, growing millennial audience – generally accepted as the first internet-fixated generation. After two decades, however, the millennial generation is beginning to slip into […]
  1. Media & Marketing
A new study revealed: Social media marketing (32%), e-commerce software (31%), email marketing  (29%), retail operations (26%) and online payments (24%) score highly 63% of US brands plan to increase investment in retail software in 2022. Only 1% will decrease their investment “The pandemic has been like a meteor hitting the retail sector, and software […]
  1. Trends & External Forces
If you are a small business owner, you will likely encounter surety bonds in the course of doing business at some point. Many types of businesses are required to purchase surety bonds as a condition of obtaining licenses or bidding on contracts. If your business operates in an industry that requires you to be licensed […]
  1. Stores & Formats
You’ll notice many retail businesses sprouting here and there wherever you go. From convenience stores to clothing boutiques, retail shops are one of the staple business methods that will always have a high demand. If you’re planning to open your own retail shop, acquiring more information and know-how in successfully running it makes total sense. […]
  1. Channel: Ecommerce & Digital
When you have positions to fill, you want to make sure you find candidates that are most suited for the job. You need employees that have the skills and knowledge to help your company grow. If you accidentally hire slow or untrustworthy retail delivery drivers, your business will suffer. How to Hire The Best Retail […]
  1. Department & Category
According to WSJ, “64% of consumers list recycling and reusing among their top three concerns” which spells it out pretty clearly: brands are expected to address their impact on the climate, regardless of industry.  Whether you’ve just started your journey to sustainability, have been making changes for a few years, or want to get started: […]
  1. Stores & Formats
Very few retail leaders would argue that the role of physical stores are the same as they were at the start of 2020. Most would agree that they are very different in direct response to the global pandemic. So what does this actually mean for physical stores today? Where once upon a time retail business […]