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How important is innovation in retail success? 1

Is innovation a key factor in determining the success of retail companies?

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CNBCTelevision
CNBCTelevision
US
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Dec 06, 2024 1:48 pm EST
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Innovation is indeed a significant factor in retail success. Companies that innovate, whether in product design, marketing strategies, or customer experience, tend to stand out and attract more customers. However, it's also crucial for companies to focus on the core of what they are selling and ensure they maintain strong relationships with their partners, such as wholesalers and retailers, instead of just focusing on direct-to-consumer strategies.

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