Technology & Home Electronics Edition
The technology and home electronics retail sector has faced unique challenges over the past year, with a higher likelihood of decreased sales compared to the average. Despite these challenges, here we explore the opportunities the sector has to increase sales and grow.
For retailers specialising in consumer technology products, competing on cost is challenging due to manufacturers dictating pricing. The focus shifts towards providing superior customer service, as price differentiation is limited. So how do retailers in the technology and home electrical sector shift towards providing superior customer service as a key differentiator?
UK retailers that expand into new territories provides an opportunity to increase revenue and profitability. So, what's the magic behind exporting, and why is it becoming increasingly attractive proposition for retailers within the technology and home electrical sector?
Personalisation - creating more direct connections with customers has become essential within the technology and home electrical sector. Retailers, in turn, are adopting increasingly personalisation strategies to stay at the forefront of this market.
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