22 Aug ASK A HARDWARE STORES KEYNOTE SPEAKER: FUTURE TRENDS IN TOOLS AND DIY BUILDING
What are hardware store keynote speakers and futurists buzzing about in recent weeks? We’re glad you asked…
- Industry trends – Market size, growth, consolidation, competitive landscape, opportunities and disruptions that hardware store keynote speakers and futurists see in the retail sector.
- Omnichannel retail – Integrating physical stores, e-commerce, mobile apps into a seamless shopping experience. Leveraging store foot traffic.
- Consumer insights – Purchasing behaviors, product preferences, demographics and psychographics of DIYers, pro contractors, and other customer segments.
- Merchandising and assortment – Optimizing product selection and inventory for each store format and location. Adapting to local demands the way hardware store keynote speakers and futurists view them.
- Private label products – Building store brand recognition through quality offerings. Competing with national brands.
- Marketing and loyalty programs – Digital marketing, social media, loyalty programs and community engagement to drive sales, a major focus of hardware store keynote speakers as of late.
- Workforce management – Recruiting, training and retaining knowledgeable store associates and tradespeople as advisors.
- Store operations – Enhancing customer service, inventory management, merchandising, loss prevention and payment options.
- Supply chain management – Global sourcing, domestic suppliers, distribution networks, omnichannel logistics.
- Technology – Enhancing both customer experience and store operations via digital tools, data analytics, IoT, automation.
- Real estate – Site selection factors, optimal store formats, markets with growth potential in hardware store keynote speakers and futurists’ eyes.
- Financial benchmarks – Sales, profitability, inventory turnover goals and key performance indicator tracking.