In today's fast-evolving retail landscape, adaptability is crucial. This video explores the necessity for retailers to shift strategies in response to changing consumer preferences and global events. Learn about the pitfalls of traditional retail models and how strategic flexibility can foster resilience and profitability through data-driven decisions. Discover the power of dynamic pricing, sensitivity analysis, and the importance of managing product costs without compromising quality. We also delve into leveraging data, experimenting with new strategies, and optimizing customer experience and inventory management to drive success.
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