Retail Business Environment

Retail Business Environment

Understanding Socio-Economic Factors The retail industry doesn’t operate in a vacuum; it’s deeply influenced by various external factors. Among these, socio-economic elements play a crucial role in shaping the retail landscape. This part delves into the socio-economic determinants that retailers must navigate. Income Levels…

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Augmented Reality (AR) in Retail

AR in Retail

Augmented Reality (AR) is significantly transforming the retail industry by enhancing both online and in-store shopping experiences. Retailers are leveraging AR to engage customers, increase sales, and create immersive shopping experiences. Key Implementations and Benefits of AR in Retail: Enhanced Customer Experience: AR provides…

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Retail Business Idea

FitSmart App

Idea: Finding the right size or fit when shopping for clothing online can be a major frustration for customers. It often leads to high return rates and dissatisfaction. A startup idea could be to develop a virtual fitting room app that uses augmented reality…

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