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This Infographic shows market analysis, top trending categories , price comparison of kitchen Appliances across the US home decor Market | Intelligence Node
This Infographic shows market analysis, top trending categories , price comparison of kitchen Appliances across the US home decor Market | Intelligence Node
Download the infographic-report on the US TV market, A comparative analysis of online catalog size & pricing for leading TV brands in the US.
Download the infographic-report on the US TV market, A comparative analysis of online catalog size & pricing for leading TV brands in the US.
Black Friday is a bigger deal than ever Although Black Friday falls on November 24 this year, the event has evolved to extend far beyond one single day. Consumers now expect pre-Black Friday sales and “[m]arkdowns start as early as September 1, at 16% full-price, then creep up to a discount of 46% before November 1, and 56% after November 1” at early holiday sales events.[i] Just how big is Black Friday? In 2016, the shopping event surpassed experts’ estimates, with total sales of $3.3 billion, representing 22% percent growth, year-over-year. Mobile accounted for $1.2 billion, a 33% increase from the previous year. Amazon’s mobile orders on Thanksgiving topped 2015’s Cyber Monday. In addition, more than 70% of Walmart’s website traffic on Thanksgiving was mobile, and 60% of the retailer’s Black Friday online orders came from mobile devices.[ii]
BOOM! That’s how immediate the impact of visual merchandising is on retail shoppers – and why effective visuals are a strategic asset in omnichannel retail. Visual merchandising presents a retailer’s physical store or e-commerce website in an enticing way to attract customers. Yet the objective isn’t just to look alluring – it’s to fuel retail purchases.
Let’s look at how timeless design principles impact shopper psychology and drive traffic and sales both in stores and online.
Visuals get ‘all up in your face’
In our age of digital and social media, visuals matter because:
The average person’s attention span is 8 seconds or less – which, remarkably, is shorter than the attention span of a goldfish
65% of individuals say they’re visual learners
Visuals increase message retention by 42%
Full article : http://www.intelligencenode.com/blog/visual-merchandising-matters-ever/
This infographic shows what's trending in Athleisure footwear in the USA from Jan-Jun 2017 for men and women
This infographic shows what's trending in Athleisure footwear in the USA from Jan-Jun 2017 for men and women
Color, Fabrics & Patterns driving demand of rugs and carpets in the US home decor market.
This Infographic Shows Market Analysis, Price Comparison Between The Bed Sheets: Colors, Fabrics & Patterns Driving Demand In The US Home D
This Infographic Shows Market Analysis, Price Comparison Between The Bed Sheets: Colors, Fabrics & Patterns Driving Demand In The US Home Decor Market. Check it out!
This Infographic Shows Market Analysis, Price Comparison Between The Bed Sheets: Colors, Fabrics & Patterns Driving Demand In The US Home D
This Infographic Shows Market Analysis, Price Comparison Between The Bed Sheets: Colors, Fabrics & Patterns Driving Demand In The US Home Decor Market. Check it out!
A comprehensive supermarket industry analysis report that shows the impact of Private Label products on the online supermarket brands in the UK and also suggests price points that work best.
A comprehensive supermarket industry analysis report that shows the impact of Private Label products on the online supermarket brands in the UK and also suggests price points that work best.
7 Lessons For Retail In The Age of E-Commerce
E-Commerce is taking over the retail industry by the minute. It’s making it all the more difficult to keep brick and mortar stores afloat.
For brick-and-mortar stores, it isn’t about stocking up inventory and managing accounts and sales. If you’re running a physical store, then you need to move to the next level. Give the shoppers a compelling reason to spend their time to come down to your store.
1. Provide Experience, Not Just Products
There’s a lot more to a brick and mortar store than just having the physical products on sale. Give them an experience and a reason to come back to your store. That’s why more and more concept stores are getting traction and building a niche for themselves.
Away is one such concept store in Soho. Here you can shop for travel products. The store’s two opposite entrances feel like two different shops that flow into one another.
Change For The Better
Your physical store can’t afford to look the same for years, or even months. Shoppers are being offered a tremendous amount of spontaneous data online. Changing the look and feel of your store periodically gives a good push in footfalls and ultimately sales.
Work on the store’s design and layout, and the products you sell. Your physical store can benefit from a strategy similar to content calendars for digital marketing.
Story is a store based in New York. The...
Is the price right? That’s the question retailers are asking with a heightened sense of urgency in the era of digital shopping.
And it’s no wonder.
The $1.9 trillion global ecommerce market has flooded the retail sector with a stream of products moving through the digital pipeline.
As a result, thousands of price changes are now rippling through the omnichannel shopping landscape amid the rise of born-in-the-web, dynamic pricing.
Today, it takes Amazon two minutes to make a price change, compared with 43,000 minutes, or just under a month, for a U.S. ecommerce site. And the U.S. offline market averages a staggering 270 days to make the change.
Grocery E-Commerce Set to Surge
Although the overwhelming majority of grocery shopping currently takes place in physical stores, experts suggest this pattern will change in the next decade, as grocery e-commerce is poised to boom in the next decade.
In the U.S., online grocery shopping could grow five-fold to $100 billion by 2025, according to new research by Food Marketing Institute and Nielsen.[i] Online grocery spending could grow from 4% in 2016 of total U.S. food and beverage sales ($20.5 billion) to as much as a 20% share ($100 billion
As the concept of cash cow marketing is questioned,the Price Quality Matrix presents a way to leverage product value & address the pricing dilemma head-on.
Setting the right prices takes more than just your motivation to drive maximum profits. In fact, maximization is a largely relative aspect as it depends on
Competitive pricing factors include partnerships deals as well. When you are partnering with a competitor, you must make sure of a fair division of the profit pie. Coordinate the combined strategies with the other manager, and make sure that the product sells through the now expanded marketing and distribution channels. Different variations such as affiliate marketing, VAT values, local culture, and tax rules also affect the right pricing strategy.
There’s a lot more to retail nowadays than just having the better product and flash sales during the holidays.
That method simply doesn’t work as effectively anymore. This means that if a retailer wants to be ahead of the competition, then there’s a lot of work that has to be done in order to stay ahead of the curve.
That’s where competitive pricing intelligence comes in.
But what exactly is it, and how does it help?
Intelligent Product Assortment Planning Minus Market Prejudice
What is the secret of success in e-commerce? There seems to be no single answer, but a commitment to overall quality comes very close to defining success. Numerous factors should be taken into consideration, including market demands, latest innovations, competitive pricing, easy billing, shipping, tracking via customer support, marketing, site user experience, and customer psychology among a host of other vital factors.
A Revolution Of The Retail Sector – Data Analytics
In today’s world, consumers are enabled to buy and shop in completely different ways.
The Retail Industry
With a broad assemblage of dealers and merchandises at the tip of their fingers, customer experience is a fundamental differentiator. Retail has become one of the fastest growing industries. Latest trends are rising and competition is growing, notably in the online market.
The retail aspect looks very diverse today than it did even ten years ago. The way that customers make buying choices has drastically altered—they visit stores, use their smartphones to compare product and price reviews; friends and family immediately pull in on purchasing decisions via social media; and when they’re set to buy, an ever-growing catalog of online retailers cart products straight to them, sometimes even on the same day.
A Shift In Trends
Industry observers have forecasted that these shifts may lead to the end of retail as we know it and that the extinction of brick-and-mortar stores is not far off. There is an actual precedent for this kind of change, which recasts the industry’s champions and failures. We see that within the last century, local niche stores gave way to department shops and supermarkets, then to shopping malls, and then to big-box retailers. Each of these transformations unfolded quicker than the one that preceded it.
Read the full article here