Bricks & mortar retailers are still attracting a high volume of would-be customers to their stores, but they're losing thousands in sales because of the way consumers shop!
The fall of Comet in November 2012, the UK's second-largest electronics chain, was primarily attributed to price cutting by online retailers such as Amazon. So too was the closure of 50 Best Buy stores in Canada in March 2012.
In a recent Canadian Business article, I discovered an innovative way that other retailers are fighting back with new strategies that have resulted in a double-digit sales boost.
In the video below, you'll learn how retailers are innovating and what you can do for your own store to stay ahead and thrive.
If you have advice or brilliant ideas on this subject, please share it in the comments below. And if you know anyone who owns a retail store that could benefit from watching this video, please share it with them now.
Your thoughtfulness just may save another person's business.
Wishing you every success in business and life.