Center City District’s Post

TL;DR: take our survey (link below) to help us understand what retailers are missing from (and most desired in) Center City!!! The “too long” part for those who like reading: I moved back to Philly in 2007 from Boston. In my six years there I took for granted that anything I needed as a student and young professional (groceries, apartment decor, affordable clothing) was accessible and plentiful even without a car. Returning here for grad school was a rude awakening: a lot of necessities were hard if not impossible to find without a trip to a nearby mall or the big box stores on Columbus Blvd. Macy’s didn’t have a Home dept at the time; Target and TJ Maxx hadn’t yet planted any flags downtown; pet stores hardly existed; and supermarkets like Aldi, Giant, and Sprouts hadn’t given us a second thought. All these years later, our growing population and commensurate rise in spending power have attracted a healthier mix of retail to Center City and adjacent neighborhoods and as a result Philadelphia’s core is more walkable and more livable than ever. But to me the mark of a truly livable (and therefore enjoyable) city is knowing that nearly all one’s day to day needs can be met on foot (or maybe a quick hop on a bus or train or bike or Uber). By this measure, we still have room for improvement, and my take is that for some retailers (or retail categories) we’ve simply failed to make a persuasive case that Center City is a compelling market. This is where you can help! Take our survey to help us better understand how and where you shop, what shopping needs compel you to leave Center City, and what shops, goods, and services you must want to see in the urban core. The more responses we get, the more we can build the demand-side case for our downtown as a place where most retailers need to be.

Retail Therapy 👢 is a coping mechanism 😂 for a lot of people and the 'on-line' ability to shop has made it easier! E- Commerce businesses need to keep the customers data safe, so that we (maybe 'me' as noted by my shoe closet) will keep coming back for more Retail Therapy. #needmoreshoes #keepmydatasafeplease Oliver F. Villacorta, MBA, CISSP, CCSP addresses how online businesses can maintain the trust of their Retail Therapy clients in this article: https://lnkd.in/eXka4p5y

For retailers with physical stores, Black Friday and Cyber Monday bring more than just online sales. Elisa Pogliano from Hen's Milk highlights an often overlooked opportunity: in-store pickups. Is your store ready to turn those pickups into extra sales? 🤔 💫 If you have doubts, check out her advice in the video below and make sure customers can say “Yes” to those impulse buys without any hassle. And for more expert tips like this, head over to Snacks for insights that can help you win this season.👇 https://lnkd.in/dMY-v8xP #BOPIS #ImpulsePurchase #BFCM2024 

🌟 𝑴𝒂𝒙𝒊𝒎𝒊𝒛𝒊𝒏𝒈 𝑩𝒍𝒂𝒄𝒌 𝑭𝒓𝒊𝒅𝒂𝒚 & 𝑪𝒚𝒃𝒆𝒓 𝑴𝒐𝒏𝒅𝒂𝒚 𝑷𝒓𝒐𝒇𝒊𝒕𝒔 𝒘𝒊𝒕𝒉 𝑶𝒑𝒆𝒏 𝑩𝒐𝒙 𝑺𝒕𝒓𝒂𝒕𝒆𝒈𝒚 🌟 The Black Friday and Cyber Monday (BFCM) season can account for up to 50% of a merchant’s annual revenue, but the profits from these sales are at risk if high return rates aren’t carefully managed. Our latest white paper explores how reselling open box items at 80% of their original price is a critical strategy for maintaining profitability. 🔍 𝑲𝒆𝒚 𝑻𝒂𝒌𝒆𝒂𝒘𝒂𝒚𝒔: Return rates during BFCM can reach up to 30%, which significantly impacts profits. Reselling open box items at 80% of their original price can help recover most of the lost revenue. Avoid using liquidation platforms that typically recover just 9%, and instead resell on your own eCommerce platform for better results. 💡 𝑾𝒉𝒚 𝒕𝒉𝒊𝒔 𝑴𝒂𝒕𝒕𝒆𝒓𝒔: By implementing a strategic plan to resell open box returns, merchants can carry the gains from BFCM into Q1 and beyond, ensuring sustainable profitability. #BFCM #Ecommerce #MerchantSuccess #SmallBusiness #Tokuhn #OpenBoxStrategy #ReturnsManagement

Is this how you feel when thinking about your Black Friday and holiday promos? Let's be honest...Running sales promotions can be overwhelming! 😓 Setting up payments, dodging fraud, keeping customers happy at every turn, and handling all those inquiries? Yeah, that's going to stretch your team thin and pull them away from other important stuff. Well, you can finally take a breather because we've got your back! 🙌 With our tools and expertise, we take the headache out of things like claim validation, international payment, and premium customer experiences. So keep calm and get in touch https://hubs.li/Q02L6LBF0 #SalesPromotions #MarketingStrategy #BlackFriday

70% of Americans Plan to Shop Black Friday and Cyber Week Sales, Leading All Other Fall and Winter Sales Events, According to Survey by Slickdeals https://ow.ly/VFgt50TGz2f Slickdeals #marketing #Sales #technology #B2B #Salestech #Slickdeals

With Black Friday approaching, it’s essential to prepare your business properly. As much as 66% of retailers see an increase in sales volume, with nearly 30% of their annual revenue generated during Black Friday. At Tinx, we offer connectors that ensure efficient inventory management, seamless order processing, and improved customer communication, helping you get ready to make the most of this sales peak. Get your business ready with Tinx, and check out our blog, 5 Crucial Factors to Consider for a Successful Black Friday Strategy, on our website for more insights! https://lnkd.in/eGzt3idr #Blackfriday #Tinx #Integration

Cyber Five came and went with shattered records, massive wins, and eye-opening insights that we'll be taking right into 2024. 🚀 ▪️ Black Friday drove a record-high $9.8B in revenue  ▪️ Buy Now, Pay Later usage was up +42.55 YoY ▪️ Personalized messaging saw a +40% higher CVR It was a hot BFCM for our clients specifically, with average client revenue up +35% YoY. 💰 Check out our FULL Power Pulse report below. #ecommerce #shopping #growthmarketing #cyberfive

SME INSIGHTS: 6 tips on how businesses can maximise Black November 💸 “While December remains a significant sales month, the increasing prominence of Black November is gradually encroaching on this traditional heavy sales period.” - Miguel Da Silva, Retail Capital Managing Executive Read more about how business owners can manage potential cash flow issues during this period via IOL> https://lnkd.in/e9j6NNMW #RetailCapital #BlackNovember #BlackFriday #SMETips

Check out Power Digital's 2023 BFCM Recap 👇