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Inventory Management Best Practices For Furniture Retailers

Inventory management has been the biggest threat to survival for many furniture retailers, especially for the independent ones. Poor inventory management practices are seen to be followed by many furniture retailers, which is the main cause of cash flow drain rather than a cash flow gain. Whether you are an independent firm, or having a chain of furniture stores, the way you manage your stock will determine the velocity of profit for your business. The…

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Google may add Buy button to mobile searches: Possible impact on retailers

The concept of “Buy”button has been around since quite that has already been implemented by  leading social networking websites. It gained increased popularity, as it allowed social networkers to buy products that people from their network might have purchased and shared over their social media accounts. The “Buy ”button is directly linked with the retailers website, hence people can just click on the button which will lead them to the product page from where he…

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Customer Service Strategies To Boost Post-Purchase Communication

Many businesses that are directly linked to customers overlook the potential of building relationship post every customer’s purchases. Why post-purchase communication is important? Brian & Company’s Ferderick F. Reichheld and Phill Schefter demonstrated the value of customer retention, in co-ordination with Earl Sasser of Harvard Business School. They analyzed: The high cost of acquiring customers renders many customer relationships unprofitable during their early years. Only in later years, when the cost of serving loyal customers…

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How Retail Challenges Can Be Combated With Orderhive Solution

According to a recent analysis by a popular market research company eMarketer, retail sales (including both in-store and ecommerce) in the United States is estimated to reach $4.87 trillion in this new year 2015. This results to a rise of 4% increase from 2014. eMarketer also stated that the global retail sales surpassed $22 trillion in 2014 and expected to rise by 6% to $23.9 million in 2015. The good news is, with the overall…

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Pinterest “Buy” Button, What Ecommerce Retailers Need To Know?

According to Nielsen Global Online Survey on Internet shopping habits across the globe, more than 85% of the world’s online population use the web to make a purchase, (40% increase in the past two years) and according to Pew Research Center who surveyed 2400 American adults, half of them made at least one purchase online. What makes it booming? Social networking platforms is one of the advantage and has been linked with e-commerce for many…

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