Recently, Bank of America announced that it will be reissuing four million Visa debit and credit cards for account holders in the NYC, San Francisco and Boston areas, changing them over to contactless cards. Following the growing trend of tap-to-pay transactions, customers will soon have the option to try out the new payment method at […]
Retail News
10 Things to Know Before Pricing Products
In order to price a product correctly, it’s important to consider some factors that will help determine its value properly. Here are ten things to know before pricing a product. 1. Cost of Production No company can sell a product for a price less than the cost of its production. First, calculate how much was […]
Diversifying the All-Natural Hair, Skin and Bath Market
The inclusivity movement is growing intensely, and consumers are calling out brands that aren’t diverse enough for their tastes. Just see the backlash that the infamous Tarte Cosmetics brand received when they didn’t offer a wide variety of shades in one of their foundations in 2018. It’s putting pressure on retailers to diversify their health […]
4 Ways to Appeal to a Variety of Customers
by Emma Sturgis As you know, the business of retail is a competitive one. No longer is it enough to rent a storefront, fill it with goods, put an ad in the press and wait for the traffic to roll in. In today’s retail market we need to be savvy when trying to appeal to […]
Yiftee and Thanx Partner to Increase Online Sales for Local Businesses
Thanx, a leading provider of customer engagement and retention tools for retailers and restaurants, recently announced a new partnership with Yiftee, the data-driven mobile promotions and gifting company serving multi-location restaurants, retailers, services and other partners. This new integration will allow Thanx merchants to generate new revenue and acquire new customers by offering and promoting […]
Macabre Merchandising
The Halloween season is just a few months away, so indie retailers should start thinking about some different products and decorations to entice your customers. It’s ok to put these “spooky” items on your shelves a little early, as Millennials and Gen Z seem to be more and more excited about shopping for this holiday, […]
Streamlining Private Label Product Development
Private label products are becoming more popular among consumers, especially Millennials and Gen Z. According to a study from the Private Label Manufacturers Association, the volume of private labels being sold at mass retailers, club stores and dollar stores rose 33.2 percent over the past five years, while national brands rose less than 1 percent. […]
5 Ways to Finance Your Retail Storefront
by Eric Goldschein Whether it’s always been your dream to own a brick-and-mortar shop or you’ve decided that it’s time to expand from pop-up shows and ecommerce to a full-fledged store, a retail storefront is a major endeavor that involves extensive planning, lots of financing, and a bit of luck in order to succeed. Financing […]
Pet Parenting is Serious Business: Fur Baby Retail Trends
by Linda Jeo Zerba Over time, consumers’ relationships with their pets have begun to change. Pets are the new “baby” for many generations, especially among Millennials. They have become core family members who are oftentimes treated, pampered and outfitted as one might do with human offspring. Even the language used to refer to pets has […]
Gift Sales Wrapped Up in a Bow
Gift sales are like no other retail category: they include just about every kind of product, from apparel and accessories, home, gift, decor, souvenirs, and more. Plus, every retailer is a gift retailer. Even if you are not a park gift shop or a tourist town boutique, it’s guaranteed that you have sold a gift […]
