Newsletter | November 1, 2022

11.01.22 -- 5 Strategies For Retailers To Optimize Online Stores And Increase Conversions
 
Retail IT Insights
Policy And Cash | Existing Global Legislation And Recommendations
 
Submitted by apg

Robbing a bank in Sweden isn’t what it used to be. Just ask the man who attempted to rob a cashless bank. Sweden is the first country to move toward a cashless system. Only about 1% of the country’s GDP moves in cash and the government is working on developing a digital currency.
RSPA Trusted Advisor Ep. 70: How To Leverage The Unconventional To Recruit Talent
Submitted by RSPA

In Episode 70 of “The Trusted Advisor,” the RSPA’s Jim Roddy talks with Tracey Lande, Vice President of Strategy and Growth/Business Development Lead at VAULT, about her unconventional – and highly successful – employee recruiting strategies. Lande shares how her personal journey back to the retail IT channel is influencing her hiring plans at VAULT, the importance of personalizing open positions and creating outcome-based job descriptions, and how to leverage your network and social media to build a strong team fast.
Giving The Gift That Lasts Year-Round: Training Employees For The Holidays
By Gary Stonell, Opterus

While forecasts for this year’s holiday season may currently be up for debate, one thing’s for certain: retailers must be ready for in-store shoppers. This is especially true as retail sales during 2021’s holiday season grew 14.1% compared to 2020 and are expected to grow between 6 and 8% this year. Heading into the holidays, retailers must prepare for an influx of store traffic and an increase in demand, a responsibility that often falls on consumer-facing associates.
First-Party Data Helps Brands This Holiday Season As Inflation Hits An All-Time High
By Gleb Polyakov, Nylas

It wasn’t that long ago that consumer prices were up 9.1%, the largest increase in 40 years. We have been hearing about inflation for the last year and to make matters even more complicated, high inflation and an impending recession are now converging with the holiday season. American consumers spend nearly $1,000 around the holidays for gifts. We can only imagine how much more that will be now that prices are so much higher. So, what can brands and retailers do to help their consumers' needs while still profiting this holiday season?
5 Strategies For Retailers To Optimize Online Stores And Increase Conversions
 
By Jacob Loveless, Edgemesh

In the past five years, online retail has experienced explosive growth. The current economic climate and other factors, including tightening credit, low inventory levels, and an increase in advertising costs, are among just some of the challenges brands face as we close out 2022. These issues will continue to plague retail business well into 2023.
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