Retailers with both digital and physical stores are facing significant challenges from increased inventories, rising marketing costs and the environmental damage associated with overproductioon. Sangrove created IMPACT SHOPPING to help retailers work more intelligently with their customers to determine exactly which products and designs they should carry and at which pricing and volume levels. Intelligently coordinating and matching consumer purchase preferences for specific styles will allow retailers to improve their operating margins while increasing loyalty. Enabling the advanced purchasing of selected products based on fixed pricing and volume levels will ensure no overproduction, limited edition status and avoid destructive discounting and excessive returns.
Trusted and experienced retailers are able to support consumers in making informed quality fashion and lifestyle choices. The IMPACT SHOPPING digital platform will enhance retailer shopping experiences by allowing consumers to particiapte in how and why products and services are selected and presented as well as recruit new shoppers for a product to achieve minimum order requirements.
Providing commonly available brands and styles at competitive prices is no longer enough to support profitable retail business models. Increasing the number of brands, SKUs, loyalty programs and discounts will not increase cash flows or market share. Retailers can now actively cooperate and digitally aggregate the needs and desires of consumers and form them into Environmentally Friendly Social Commerce Communities.