The clothing retail store at which you work has been losing sales to a local competitor down the street. customer surveys indicate that your store is losing the business because your selection is not as rich as your competitor's. brainstorm at least three solutions that will generate more sales and discuss all the possible consequences of each solution. which is the best solution?

there are several strategies that are likely to work in this type of situation.

first of all, you could try to increase your selection. if the money is available, enriching your selection of clothing might be a good strategy, as this is the main reason why your store is not as popular as the competitor's.

another thing you could do is consulting customers in order to get new ideas. if enriching your selection is not a possibility, then you could ask customers what they would like to see your store do. this could include promotions, coupons, or some other strategy.

finally, you could also try to lower prices, if possible. this might attract new clients, as well as give you an advantage over your competitor. this is probably the best solution as it is the one most likely to bring new clients, as well as maintain the ones you already have.

you can’t solve a problem if you don’t understand to what extent it exists or why it exists. once that information is understood, the strategy is simple and should really be threefold:

1. treat your customers/clients like people. the internet is a wonderful thing, but making an effort to relate to your clients/customers on a personal level is often the difference between a sustainable business and one that’s here today, gone tomorrow.

2. appreciate your clients/customers. you notes, you gifts for onboarding new clients and/or discounts to your most loyal customers can speak volumes. even something so simple as recognition on social media for your most loyal customers can be valuable.

3. welcome and ask for constructive feedback. let your customers know that their voice is heard. don’t wait for negative feedback to come to you, proactively reach out to your customers on a regular basis to find out what they like and what they think you can improve on.

Can you provide the statements?

A, this way you know that there’s a less of a chance of it having biased information or edited by other people-making false information