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Tips for a great and effective retail execution

All around the globe big companies fritter away a lot of cash on the different types of tools and actions which are designed to improve sales. We can say that the most popular term when it comes to this matter is Retail Execution.

Prepared by: Michael Johnson

But what is that anyway?

Let’s think about a case where we go to a shop in order to get our favorite chocolate made by a particular brand . But soon we realize that the shelf where it used to be stored is completely empty. Just what will you do? Most likely you would take another one, and that’s it. From a brand perspective, whenever many consumers will act like you, the company will lose millions if not billions of dollars. Deserted store space means no sales which provides to zero profits. Broadly speaking, Retail Execution comes down to all actions connected with the sale process for the last consumer.

Retail Execution
Prepared by: Carmen Rodriguez

Typically the key point here is to capture real-time data from the stores and act imMediately. Is that even feasible? Of course, it is - with the modern technologies and software we have nowadays. With that being said, we could easily monitor if our goods are on the shops shelves and act appropriately it any time. An excellent Retail Execution actions should provide additionally different in-store special offers in order to make our products more attractive to the consumers.

As we mentioned earlier, we could take advantage of customized software that will help us with preparing a good strategy, with execution and supervising all the actions we have chose to take.

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The main important part is the constant analysis and making conclusions from it to see what really works and what’s not.

Posted by Administrator on 2018-08-03 10:07:04
Tags: Media, natura, time, store