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Encompasses the strategic arrangement of physical space in a retail environment to improve customer flow and increase the likelihood of purchase. It includes the placement of products, fixtures, and signage to create an engaging and logical shopping experience.

Provides a seamless shopping experience across all channels and devices, integrating brick-and-mortar stores with online platforms. It allows for greater customer interaction, data collection, and personalized shopping experiences.

A strategy for managing all your company's relationships and interactions with current and potential customers. It uses data analysis about customers' history to improve business relationships. Significance lies in enhancing customer retention and driving sales growth.

Determines the best price point for a product based on costs, market demand, competition, and brand positioning. It influences profitability and sales volume. Strategies can range from discount and competitive pricing to premium and value-based pricing.

An approach to producing clothing that takes into account both environmental and socio-economic aspects. By focusing on sustainable practices throughout the supply chain, retailers can attract eco-conscious consumers and build a reputation for corporate responsibility.

Focuses on creating an immersive shopping experience that goes beyond the transaction. Workshops, demonstrations, and tech integrations such as VR or AR can enhance the in-store experience and strengthen customer engagement.

The practice of ordering, storing, tracking, and controlling inventory. Efficient inventory management prevents stockouts and excess stock, which can both be costly. It is significant for maintaining an optimal balance of stock to meet customer demand without over-investing in inventory.

Designed to encourage repeat business by offering benefits to customers who make frequent purchases. Points systems, member discounts, and exclusive offers can lead to increased customer retention and greater lifetime value from customers.

The practice of developing floor plans and three-dimensional displays in order to maximize sales. This includes window displays, interior display arrangements, and special promotions. Significance rests in its ability to create an enticing shopping environment that enhances the customer experience.

Retailers develop their own brand of products rather than selling products from other manufacturers. This allows for higher margins and brand differentiation. Private labels can enhance customer loyalty and allow for more control over product offerings.

A retail strategy that involves rapidly producing high volumes of clothing, often replicating latest trends and high-fashion designs. It meets consumer desire for fresh fashion while keeping prices affordable. However, it has implications for sustainability and ethical production.