Online shopping is moving onwards and upwards. Consumers now can buy basically everything without ever setting foot inside a physical store. And when it comes to e-commerce, no one can escape the shadow that Amazon casts. But that does not mean all brick-and-mortar retailers are getting crushed.
Recent TRG blog posts
Retailers vs. Amazon: e-Commerce Is Not the Only Option
Posted by Hai Nguyen on Thu, Oct 18, 2018
Blog Topics: Retail Management System
Why Efficient Customer Management Matters in Retail More Than Ever
Posted by Hai Nguyen on Sat, Aug 18, 2018
With the advent of new consumer technologies, information asymmetries have been eliminated from consumers’ shopping experience. Today’s shoppers are less brand-loyal. They jump from retailer to retailer to find the best price, the best products, and the best services.
However, existing customer management programmes have provided retailers the view that the top 30% of their customers account for approximately 75% of their sales (Imlay, 2006). Thus, an effective customer management programme helps retailers stand out in a highly-competitive environment with benefits such as:
Blog Topics: Retail Management System
Empowering Your Store Associates with Digital Technologies
Posted by Hai Nguyen on Fri, Jun 29, 2018
In the previous blogs, we have discussed many topics in regards to emerging trends for retailers in the digital age, their effort to enhance sales, engage customers and improve the overall in-store experience. There is another aspect that is equally important to the success of today’s retailers – empower the store associates with an integrated retail system.
Blog Topics: Retail Management System
Elevating Guest Experience in the Digital Age
Posted by Hai Nguyen on Tue, Jun 26, 2018
The competition in the retail industry has always been brutal. Those who fail to provide their customers with a smooth, exceptional service are being left behind in the race. The retail overview in 2018 and beyond is revolving around personalisation and connecting directly with each consumer. When a customer feels that they are at the centre of the shopping experience, they stick around and buy more. To achieve this, a retailer must understand what motivates and appeals to its different customers.
Blog Topics: Retail Management System
Wholesale Retail – Good Business To Venture
Posted by Hai Nguyen on Fri, Jun 15, 2018
At times like these when the economy is a bit rough we can not but help to think of better avenues to earn more income to supplement our daily expenses. But the thing is not all of us would be lucky enough to go out there and do it right. Some will have to go through difficult times until they hit the bull’s eye and become successful in whatever business endeavor. If there is one business venture you many want to consider pursuing, why not take a look at what wholesale retail has to offer?
Blog Topics: Retail Management System
Internet of Things (IoT) and the Future of the Retail Industry
Posted by Hai Nguyen on Wed, Jun 13, 2018
Innovative retailers are utilising IoT to improve store operations, enhance customer experience and to drive more conversions. IoT technology is said to be reshaping and revolutionising the retail industry, yielding advances and new opportunities in customer service, throughout the supply chain and in brick-and-mortar stores plus other channels.
Blog Topics: Retail Management System
4 Digital Retail Trends to Look Out for in 2018 and Beyond
Posted by Hai Nguyen on Thu, May 31, 2018
To stay competitive in today’s fast-changing world, all retailers must use technology to aid their business processes and to better meet customers’ expectations and requirements. Let’s have a look at some retail technology trends in 2018 and in the near future.
Read more: AI’s Benefits in Business (P.1)
Blog Topics: Retail Management System, Technology trends
Is Pop-Up Retail More Than Just a Passing Trend?
Posted by Hai Nguyen on Tue, May 15, 2018
Pop-up retail, or pop-up stores, flash sales, just like the name implies, is a retail store that open only for a short period of time. Many e-commerce businesses are using this trend to create a unique and exclusive shopping experience for their customers whilst test out the physical retail environment or to seek out new prospects.
Blog Topics: Retail Management System
Managing Inventory – the Next Essential Step for Retailers (P.2)
Posted by Hai Nguyen on Thu, Apr 5, 2018
In our previous blog post, we have discussed 3 key practices for retailers to effectively manage their inventory. Let's find out what the final 4 are.
Blog Topics: Retail Management System
The Gioi Di Dong (MWG) - the e-commerce giant in Vietnam (Pt.2)
Posted by Hai Nguyen on Wed, Apr 4, 2018
Perhaps, nowadays, there is hardly anybody in Viet Nam who has not heard of The Gioi Di Dong Joint Stock Company (English name: Mobile World JSC). Earning its first amount of profit after only seven months of operation, The Gioi Di Dong has build a high-tech retail empire in this "S-shape" country.
Blog Topics: Retail Management System