Examlex
Digital self-service is particularly effective when the customer needs routine information on a recurring basis.
Retail Innovation
The introduction of novel ideas, practices, or products in the retail sector aimed at enhancing customer experience, sales, and operational efficiency.
Retail Life Cycle
The process of growth, maturity, and decline that retail outlets, like individual product categories, undergo over time.
Sharp Departure
A significant or sudden change in direction or strategy, often implying a move away from traditional methods or norms.
Sales Per Square Foot
A metric used in retail to measure the efficiency of a store's sales relative to its physical size.
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