Remove 2023 Remove Customer Experience Remove Operations
article thumbnail

Skechers Plans up to 200 Store Openings in 2025

Retail TouchPoints

increase over 2023, the footwear brand plans to continue its aggressive store expansion in 2025 by opening 180 to 200 locations. To meet the evolving needs of consumers worldwide, both now and in the future, we are investing in our operations, said Weinberg. Following a year when Skechers generated record sales of $8.97 billion , a 12.5%

article thumbnail

Dollar General Plans 575 New Stores, 4,250 Remodels, Tests Same-Day Delivery

Retail TouchPoints

We believe we will enhance the customer experience with a lighter-touch remodel , including customer-facing physical asset updates , planogram optimizations and expansions across the store. billion in Q3 2023. over the same quarter in 2023. Solid Q3 Despite Hurricane-Related Expenses Net sales increased 5% to $10.2

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Study: How Retailers are Managing the Tug-of-War Between Employee Satisfaction and Profitability

Retail TouchPoints

Employee satisfaction plays a central role in store operations. The results of Retail TouchPoints ’ annual Store Operations Survey reaffirm the ongoing tug of war retailers are playing — between providing top-level service on one hand and boosting profitability by keeping costs down on the other.

article thumbnail

Role of Knowledge Management in the Retail Customer Experience Scenario

Retail TouchPoints

trillion in 2023. According to Forbes, today’s business benchmark is customer experience. Let us look at a few ways to improve customer experience in the retail industry through knowledge management. This involves all the information required to ensure smooth operations of the business. Well, there is.

article thumbnail

The Real Price of a Data Breach in Retail

Retail TouchPoints

Businesses today operate in a fast-moving cyber threat landscape. As digital operations become more complex and cybercriminals launch increasingly sophisticated phishing and malware attacks, data breaches have become common occurrences. This is a 10% increase over 2023’s mark and the highest yearly uptick since the pandemic.

Retail 277
article thumbnail

Rethinking Retail Returns

Retail TouchPoints

The number of returns is growing and managing them is critically important to maintaining margins and customer satisfaction. Consider these facts: total returns amounted to $743 billion in merchandise in 2023 and in 2022; approximately 16.5% of all purchased goods were returned to retailers.

article thumbnail

Breaking Barriers: How Brick-and-Mortar Retailers can Deliver Exceptional Customer Experiences

Retail TouchPoints

billion for the second quarter of 2023 compared to the same period the prior year. in its fiscal year 2023 (ending in September) versus 2022…which may come as no surprise to you at all if you’ve been in a Costco on a Saturday lately. Better inventory management means better business operations, period. and net income by 7.7%