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Are you seeking ways to scale and grow? Learn the top-growing markets for the beauty industry and find out the main growth opportunities for each.
Whitepaper
While inflation and interest rates are still high, shoppers displayed resilience in May 2023, with retail sales having increased globally, from Hong Kong to the US. Even still, the threat of an economic downturn remains. This report uses the EDITED tool to outline a robust, recession-proof strategy to cover discounting, pricing and assortments across the market.
Tipsheet
Across the globe, consumers are spending more on beauty products as part of affordable luxuries, incentivizing brands to premiumize their offerings and drive revenue. To gain further market share, geographic expansion is critical. Discover how to create a winning assortment, and how retailers and brands must better understand localized markets and the key product trends driving growth.
Retail merchandising strategies play a critical role in attracting and retaining customers. A customer-centric approach is essential to achieving success in today's competitive retail landscape. Find four ways to be more customer-centric in your retail merchandising strategies.
Merchandisers need to pivot from a product-centric to a customer-centric merchandising strategy to take advantage of the post COVID customer reality. It's time to move from WHAT makes you money, as the future depends on WHO makes you money.
Assessment
Is your merchandising strategy customer-centric? Take our assessment to determine how your merch team ranks when it comes to being customer-centric. When you complete the assessment, we will share where you score on the index and what it means.
Merchandising teams are stuck making decisions from a product-centric view, but they need to move to customer-centric merchandising to unlock stronger results.
With the retail industry going through a turbulent time, efficiency and streamlining of processes and decision-making is more important than ever. Redundancies and layoffs are starting to become reality for many retail businesses, and with a leaner organization, it’s crucial to be able to act with speed and confidence.
Checklist
Customers are not created equal, and the new customer-centric reality requires retailers to move from being shopkeepers to customer keepers, from thinking about what makes you money to who makes you money.