According to Jones, physical stores still account for approximately 87% of all consumer purchases. However, these stores face challenges that online platforms do not. Issues like high staff turnover, tight margins, dated in-store experiences, space limitations, and inventory carrying costs make it difficult for physical stores to compete with online marketplaces and the brands they carry.
Despite these challenges, there is a significant opportunity for retailers who are willing to tackle these issues head-on. tutch was created specifically to help retailers overcome these obstacles and maximize their potential. The company has had success helping retailers in Australia and is now looking to replicate that success in the United States.
Grant Oayda, the founder of tutch, explains that the platform was inspired by the opportunities he saw for retailers to optimize their physical store footprints. With plans to expand their own presence, tutch is confident that experienced professionals like Greg will help them show retailers the power of digital connections with customers. This new approach has the potential to revolutionize the retail industry and enhance the shopping experience for consumers.
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