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Why physical stores are still vital for retail
- 1. Customers who pick up items in store buy extra stuff. ...
- 2. Physical stores can reduce the cost of returns. ...
- 3. People are more likely to buy a product when they’ve seen it in person. ...
- 4. High-quality, one-on-one customer service increases sales. ...
- 5. You get free market research on your customers’ preferences and habits. ...
- 6. The brand experience is still inherently physical. ...
www.lsretail.com/resources/why-physical-stores-are-still-vital-for-retail- People also ask
Why physical stores are still vital for retail
In omni-channel retail, logistic costs can spiral out of control, and erode margins significantly. Some retailers are realizing savings by using some or all of their physical stores as warehouses and fulfillment centers, to support and strengthen their supply chain. Transforming a store location in a so-called “dark … See more
Click and collect (also known as BOPIS, buying online and picking up in store) and curbside pickup are extremely popular both with customers … See more
Items bought in physical stores are less likely to be returned than products bought online. According to David Sobie, co-founder and CEO of … See more
Fashion retailer ModCloth opened its first brick-and-mortar store after 13 years of selling online only. “We discovered small things, the details our customers love," Matt Kaness, president and CEO at ModCloth, told USA … See more
Despite the popularity of online shopping, the human touch is still an important part of the retail experience. According to research for RetailEXPO, almost two out of three (64%) of … See more
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