As a midsized retailer, you must’ve seen this happen many times. You have customers in a queue line, ready to pay for your products, but you don’t have enough people to serve them all quickly, which leads to – you guessed it! – some customers abandoning the line. What’s worse is that many of them never come back. It’s the “last mile” – the final obstacle before your journey is […]
If you own a midsized retail chain, you must have a warehouse. In fact, we’d be worried if you didn’t. And we’re sure that your warehouse has worked out perfectly for your physical stores. But then, you had this crazy idea to start selling products online and delivering them straight to customers’ homes. That’s when your warehouse stopped being that handy – at least, not for the online portion of […]
As you already know, online shopping is a big deal. We probably don’t even have to throw any stats at you to prove it, but here ‘s one anyway – according to BigCommerce, 96% of Americans with internet access have made an online purchase in their life, 80% in the past month alone. As a traditional midsized retailer, you can view this either as a cataclysmic problem – or an […]
Online shopping has changed the way we buy products – no doubt about it. It has also made inventory management a far bigger challenge for most modern retailers. And that’s because many modern consumers expect to get their product on the same day, especially when they’re visiting a physical store. You can safely “blame” this on Amazon. With an Amazon Prime account, a customer can make a purchase, and have […]
If you’re worried that your midsized brick-and-mortar chain might soon follow the likes of Blockbuster, the President of Magstar, Steven Greenwood, has shared key tips on how to successfully transition to multichannel retailing.