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Innovating Your Retail Enterprise For Suatainable Profitability And Growth: Keys Imperatives For Success – Part 2

We are continuing our discussions on “Innovating Your Retail Enterprise For Suatainable Profitability And Growth: Keys Imperatives For Success”. As already mentioned in part 1 of our discussion, “Innovating Your Retail Enterprise For Suatainable Profitability And Growth: Keys Imperatives For Success – Part 2”,  successful retailer must commit to innovation and execution and strive to […]

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Innovating Your Retail Enterprise for Suatainable Profitability and Growth: Keys Imperatives for Success – Part 1

As the competitive landscape become more and more challenging, besides the direct adverse impact on the top line, retailers will experience aging store bases and slower same-store sales growth rates further constraining earnings-growth opportunities. Compounding this, are rising operating expenses in areas such as infrastructure and utilities. As such, it becomes imperative for retailers to […]

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POSITIONING YOUR RETAIL BUSINESS FOR MORE SALES, GROWTH & SUSTAINABILITY

The retail industry in Nigeria is transforming amid many challenges and opportunities. Nigeria with a population of 170 million people (the 7th largest in the world) and over 80 million people living in its metropolitan areas, consumer spending in excess of about $100 billion a year and a fast-growing middle class is definitely the most […]

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Customer Retention:  Effective Strategies For Retail Businesses

Winning new customer is good for business growth and sustainability. Equally, as good is retaining existing customers and customer retention brings several benefits with it. Statistics show that the possibility of selling to a returning customer can reach up to 70%. Moreover, almost 80% of business revenue will come from these customers whereas new customers […]