Business success depends upon Customer acquisitions One of the common myths of ecommerce business is – You build a site on ecommerce platform, integrate with good UI/ UX and provide multiple payment options and load your entire assortment of merchandise.. Voila. You have a business at hand i.e. D2C business model. There are multiple flaws […]
Retail & Metaverse, what’s the relation? Do words like sandbox, Roblox, and Decentraland sound familiar to you? There is a high probability that you would have heard or come across these words in tech seminars etc; Yes, they are all platforms in Metaverse which is a kind of virtual world that promises to change the […]
What makes dollar store concept successful? The Dollar store boom in the United States during the economic downturn time is a known retail case study taught in several B-schools on how these convenience stores reinvented the retail landscape of the US retail sector with their convenience & discount centers that mushroomed in tier 2 and […]
SWAS model Toys R Us which shut down its last store in Jan2021 is now making a comeback as a shop-in-shop concept with retail giant Macy’s. As Fox Business reports, the Toys “R” Us stores inside Macy’s range from between 1,000 square feet to 10,000 square feet in size, with larger flagship stores set to exist […]
Can you 3D print your own toys? If you have a young son or a daughter at your home who is fond of gaming whether it is Roblox or any other platforms, You will observe that they get involved and engaged in the gaming environment so much so that they start associating themselves with the […]
Retail evolving in its new avatar. eCommerce growth during the pandemic is a known fact. In 2021: Amazon posted its biggest-ever profit, Walmart announced a 97% leap in online sales, and some physical stores saw earnings drop by as much as 256%. Brands worldwide urgently shifted their efforts toward capturing consumer engagement in the digital world. Retailers who […]
Loyalty programs are not only sales drivers but also a strategic tool for retailers to retain their customer base. Loyalty programs- not defined objectively. “Ritesh, can you help us in developing our Loyalty program?” This was the question asked me by one of the upcoming retailers. I asked them – “why are you planning a […]
Small business to a franchisor A franchisor is defined as a brand owner who has a proven system of store concepts that can be scaled for economic reasons. Understanding what it takes to become a franchisor and how franchisors operate and grow is essential. Having worked with both franchisee and franchisor, I have learned these […]
Sustainability in Retail Off lately, sustainability and eco-friendly products have become the buzzwords for every retailer. Hence, Fashion retailers are introducing collections that are made from sustainable materials, and also shoemakers are now introducing products made from recycled plastic bottles. Retail is seeing a plethora of brands coming up in the space of sustainability. I […]
The Indian Budget 2022 – My perspectives. This is my first blog article this year and I could not find a better day (Vasant Panchami) and a topic that is trending currently in the Indian subcontinent. Yes, it is, “The Union Budget 2022”. This is my analysis and perspective, and my views may differ from […]