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Redefining Retail: Building a Modern Framework for Today's Market


Dr. Pritesh Pradeep Somani
Pages: 93-106
ISBN: 978-93-5834-312-0


Business Management: A New Paradigm (Volume -7)

Business Management: A New Paradigm
(Volume - 7)

Abstract

The contemporary retail landscape is undergoing a metamorphosis, driven by a paradigm shift in consumer behaviour. The siloed channels of yesteryear no longer suffice; a holistic and dynamic omnichannel experience is now paramount. This chapter posits a novel framework to navigate this evolving terrain. Through a rigorous examination of extant retail trends, the framework emphasizes the strategic orchestration of technological advancements. This encompasses the seamless integration of digital touchpoints across the customer journey, fostering a frictionless and immersive shopping experience. Furthermore, the framework prioritizes a customer-centric approach, emphasizing the imperative of understanding and catering to the ever-evolving needs and desires of the modern consumer. This necessitates a data-driven approach that leverages insights to personalize offerings and cultivate deeper brand engagement. Finally, the framework underscores the optimization of omni-channel strategies.

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