Retail Trivia
Retail Trivia
Do You Agree with the statements?
Do You Agree with the statements?
MIXED INDOOR AND OUTDOOR WORLD
By providing the essence of outdoors in a closed space, retail can get its hands on exciting the Millennials by providing them the ambiance full of open-outdoors.
BIOPHILIC VISUAL APPEAL
“Brands that establish a reputation for environmental stewardship among today’s youngest consumers have an opportunity to not only grow market share but build loyalty among the power-spending millennials of tomorrow, too,” says Grace Farraj, senior vice president, public development and sustainability, Nielsen.
THE POWER OF ONE PRODUCT
Dedicated merchandising strategy to just one product helps to cement the product in client’s mind. Also, capitalises on the product and brand recall value.
CLOSING THE LOOP WITH TECHNOLOGY
Digital displays increase purchase amount by 29.5% and make customers spend 30% more time in the store. When these digital displays are paired with social media, it leads to 44% influence in purchase decisions and therefore, retailers have a weighty chance to increase customer purchase rates.