‘Five ways ecommerce sites can boost profits’ – ‘Econsultancy’ Blog
The latest ‘Econsultancy’ blog post is titled “Five ways ecommerce sites can boost profits”.
Arie Shpanya says, “Profit margins determine whether businesses sink or swim and this is especially true in the hypercompetitive ecommerce industry.
So what can retailers do to improve profit margins?
There are a myriad of barriers that online retailers face and it can be difficult to respond adequately to them all.
The top five price related issues that they must address are: increased price competition, consumer price sensitivity, the need to protect the brand’s price image, increased price transparency, and improving return on inventory investment”.
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