<?xml version="1.0" encoding="UTF-8" ?><!-- generator=Zoho Sites --><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><atom:link href="https://lololol.zohosites.com/thoughts/tag/commerce/feed" rel="self" type="application/rss+xml"/><title>Sample 1 - Blog #commerce</title><description>Sample 1 - Blog #commerce</description><link>https://lololol.zohosites.com/thoughts/tag/commerce</link><lastBuildDate>Sun, 11 Aug 2024 08:42:20 -0700</lastBuildDate><generator>http://zoho.com/sites/</generator><item><title><![CDATA[High street spending continues to falter]]></title><link>https://lololol.zohosites.com/thoughts/post/High-street-spending-continues-to-falter</link><description><![CDATA[
 Recent news has made grim reading for high street retailers, with one in ten high street stores standing empty and, seemingly, no light at the end of ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_Hy00LpmmRTOFaPHWAJUHeg" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer"><div data-element-id="elm_hBc7KV6_T1WfRwv3nWeq1A" data-element-type="row" class="zprow zpalign-items- zpjustify-content- "><style type="text/css"></style><div data-element-id="elm_x8fBlnJPQrK5n4Pkao8psA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_uqZ9mypXSM2Y98-R08RGlw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center " data-editor="true"><div><div><div><div><div><div><div><div><p><img src="https://www.giccapital.co.uk/files/blog_images/high%20street.jpg" style="width:568px;height:378px;"><br></p></div>
</div><div><div><p><span style="font-size:11pt;">Recent news has made grim reading for high street retailers, with one in ten high street stores standing empty and, seemingly, no light at the end of the tunnel. <br><br> Footfall has continued to drop through March and April and </span><span style="font-size:11pt;"><a href="https://www.retail-week.com/data/retail-footfall-tumbles-at-unprecedented-rate/7029062.article" title="consumer spending" target="_blank">consumer spending</a></span><span style="font-size:11pt;"> is on track for its worst performance in six years. Many would be forgiven for thinking that perhaps the end of bricks-and-mortar retail is nigh.</span></p><p><span style="font-size:11pt;">&nbsp;</span></p><p><span style="font-size:11pt;">However, for those looking to fight against the ongoing dip and rejuvenate, there is hope. &nbsp;</span></p><p><span style="font-size:11pt;">&nbsp;</span></p><p><span style="font-size:11pt;"><br></span></p><p><i><span style="font-size:16px;font-weight:bold;">Personalised Engagement</span></i></p><p><i><span style="font-size:11pt;">&nbsp;</span></i></p><p><span style="font-size:11pt;">Businesses operating on the high street must face the issue of online purchasing and why the spending public is so enamoured with it. They need to understand that people like convenience and they like a range of choice. But retailers can use this in their favour. </span></p><p><span style="font-size:11pt;">&nbsp;</span></p><p><span style="font-size:11pt;">With this in mind, providing a personalised customer experience is paramount to high street survival. If shoppers are looking for in-depth knowledge and bespoke customer care, then that is what is needed. Providing this level of attention and knowledge is what will separate superior retailers from their competition – high street and online. </span></p><p><span style="font-size:11pt;">&nbsp;</span></p><p><span style="font-size:11pt;"><br></span></p><p><i><span style="font-size:16px;font-weight:bold;">Post-Purchase Care</span></i></p><p><i><span style="font-size:11pt;">&nbsp;</span></i></p><p><span style="font-size:11pt;">In order to survive and flourish, high street retailers need to think beyond numbers through the door and purchases. Building trust and a relationship post-purchase is an invaluable tool for the public-facing business.<br><br></span></p><p><span style="font-size:11pt;">At their core, shoppers like knowing they are in good hands. Great knowledge and attentiveness are brilliant tools to build a brand bond, but so is after care. Shoppers need to know that their post-purchase needs are just as important to a retailer as their pre-purchase requirements. Offering top-line return policies and a caring attitude are strong methods for building a relationship between retailer and shopper. </span></p><p><span style="font-size:11pt;">&nbsp;</span></p><p><span style="font-size:11pt;"><br></span></p><p><i><span style="font-size:16px;font-weight:bold;">Buyer Persona</span></i></p><p><i><span style="font-size:11pt;">&nbsp;</span></i></p><p><span style="font-size:11pt;">The reason many retailers struggle on the high street is that they’re not really sure who it is they are trying to attract. Knowing your buyer’s persona feeds through into all areas of operations, from branding to stock.</span></p><p><span style="font-size:11pt;">&nbsp;</span></p><p><span style="color:inherit;"></span></p><p><span style="font-size:11pt;">Defining age, income range, product preferences, gender and other factors can go a long way toward making it clearer just who a retailer’s prime market is. From this flows the needed adjustments and changes to ensure this shopper becomes a repeat customer. At its core, retail comes down to understanding, engaging and tailoring the shopping experience to the right person.</span></p></div>
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