The challenges and uncertainty caused by the current COVID-19 pandemic have brought turnover based rents to the forefront, with many landlords under increasing demand to consider the leasing model for their commercial properties. Although the concept of a non-fixed rental income could be daunting, especially for landlords, turnover-based rents can actually support both landlords and
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With recent challenges – world events, the cost-of-living crisis and energy cap increases, all businesses including retailers understandably want to minimise costs wherever possible. If you’re looking to save money in your physical locations, you’re not alone. Luckily, there are a number of cost-saving tips that can be implemented without making any major changes. Let’s
Shopping habits and the retail ecosystem have undergone significant and dramatic shifts over the past few years, leading to challenges for brick-and-mortar retailers. As physical stores face competition from online platforms, increasing footfall has become crucial for sustaining retail businesses. While the retail landscape has seen changes, there are proven strategies to enhance foot traffic
As businesses navigate the dynamic landscape of retail in 2024, effective retail management solutions have become crucial for success. Here the team of retail management experts from Eurostop delve into proven strategies focused on understanding your audience, crafting a robust social media plan, as well as connecting authentically with your audience, leveraging advanced retail management
In the face of digital disruption, connected systems and technology have become synonymous with retail and an enhanced omnichannel or unified commerce customer experience. Among the many solutions deployed by retailers, retail stock control software plays a pivotal role in such a system for effective management of inventory and optimising supply chain logistics. However,
In the realm of customer retention, loyalty programs are indispensable for fostering lasting and quality connections with retail customers. When implemented effectively, they speed up the duration of the loyalty life cycle, make customers feel more appreciated so influencing their purchase behaviour, helping you to build a strong customer base. With a longer customer
Retail businesses are currently facing an ever-evolving array of cybersecurity threats which are unfortunately becoming more common and frequent. From data breaches to phishing scams, the risks are always evolving but with the right retail management solutions in place, retailers can significantly reduce their vulnerability to cyberattacks and safeguard their operations. That’s why the team
In the competitive landscape of retail, accessing capital stands as the crucial factor in promoting growth and expansion. Among the multitude of financing options available, debt financing emerges as a prominent avenue worth exploring for many retailers. However, understanding its intricacies, advantages, drawbacks, and alternatives is crucial for informed decision-making. That’s why the retail
The retail landscape has been evolving rapidly and under particular pressure to remain relevant are shopping centres, with landlords continuosly seeking innovative ways to meet today’s challenges so that they can adapt and thrive. The current economy has meant that turnover based rents have risen to the forefront of our attention with the said tenancy
In the ever-evolving realm of retail, staying ahead of the curve is paramount for success. As we delve into 2024, the retail landscape is witnessing seismic shifts propelled by technological advancements, changing consumer behaviour, and economic uncertainties. Let’s take a closer look at the key trends shaping the industry and unveil actionable strategies to