Heard of the retail apocalypse that wasn’t? Still, retailers face major challenges in today’s climate. Here are 6 key challenges facing retailers around the world. Challenge #4: Saving time/labor
Inefficient paper Excel or internal audit systems contribute to inefficient store visit processes. 44% of district and regional managers spend more than 15 hours a week visiting stores. 42% spend 2-5 hours preparing for a store visit and 40% spend another 2-5 hours preparing messages after store visits.
This means that most District
Regional Managers spend 20+ hours per week just on the store visit process! Retailers who implement software to automate the store visit process realize significant savings in time and money.
Globally, retailers report 480,000 workplace injuries each year. While the direct costs of injuries are high, the indirect france whatsapp number data costs associated with workplace injuries are staggering.
Lost productivity, legal fees, workers compensation, training and insurance increases can be up to 17x the initial cost of the injury. With all of this in mind, it’s easy to see how investing in injury prevention, including health and safety audits, can yield a $2-$6 return for every $1 invested.
Customers can be ruthless. 42% stop shopping with a brand after two bad experiences. Acquiring new customers is expensive, costing five to 25 times as much as retaining an existing customer.
Keeping existing customers happy can significantly increase your bottom line. Satisfied customers not only spend more, they also refer and acquire new customers for your brand. Happy customers help build brand awareness every time they talk, post or review your brand. This is why increasing customer retention by just 5% can increase profits by up to 95%.
The Bindy pracovní postup provides brick-and-mortar retailers with solutions to their retail challenges.
Lack of communication is the leading
cause of retail program affiliates use such elements as referral links failure Without it, product downloads will not be fully compliant; marketing and merchandising initiatives will fail. Time and money are wasted when retailers fail to cmo email list implement a cohesive store communications strategy that includes two-way, trackable communications.