Retail
Omnichannel strategy, e-commerce tech, and in-store innovation.
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Watch: Walmart Closing In on Acquisition of India’s Largest Online Retailer
Walmart is nearing a deal to acquire a majority stake in ‘Flipkart’, India’s largest online retailer. Only about 2 percent of India’s retail sales are done online today, but with a population of almost 1.5 billion, Walmart is trying to get ahead of an e-commerce boom. Flipkart was founded in 2007 as an online bookstore,…
Richardson Bike Mart Expands by Embracing the Future
In 1962 Mike Hall opened several ‘Mike Hall Bike Marts, in the Dallas area. In 1980, Schwinn representative Jim Hoyt bought the Richardson store, receiving permission from Hall to retain “Bike Mart” in its name. Thus was born Richardson Bike Mart (RBM). Since then, Mike Hall Bike Mart has gone out of business, while RBM…
Watch: Amazon Launches New Feature for International Shipping From United States
Amazon is increasing it’s international footprint by launching a new shipping campaign that will allow consumers around the world to purchase goods in 25 different currencies. The international inventory includes 45 million items and the company says it will handle customs expenses if necessary. Amazon will offer the service in English, Spanish, German, Chinese and…
Setting Security Standards with Securitech
Behind any business, large or small, is a security system comprised of cameras, sensors, and locks to protect merchandise, money, and human lives. There can never be compromise when it comes to security, and when the unlikely becomes the unfortunate, a business owner can look back with pride that the best of the best was…
Are Retail Executives Fooling Themselves about Omni-channel?
If you were watching the retail and omnichannel debates carefully, you would have noticed an interesting discord in the veins of research in 2017. One vein published by Boston Research Partners claimed that 63% of American retailers offer BOPUS (Buy Online PickUp in-Store). A second vein published by OrderDynamics showed that only 29.1% of US…
Is Your Food Truck Making the Right Impression?
No matter how fantastic the food you serve, it can be challenging to build a successful food truck business without exceptional branding. While a food truck’s mobility is one of its most essential features, it can make branding a little more difficult. Customers need to know your brand at first sight. For that, you need…
Analyzing Ecommerce with Razoyo
William Byrne is the Chief Technology Officer for Razoyo, an ecommerce consultancy and Magento Certified Developer serving the needs of small and medium-sized web stores. Razoyo helps online merchants create, manage, maintain and update their stores. The company also helps solve both business and technology problems. Byrne’s role with Razoyo involves analyzing business requirements and…
Retail Leans On Programmatic Advertising To Deliver Directed Ads In Real Time
Thomas Curvelle, a programmer at HiveStack, shared the marketing technology company’s development of a programmatic advertising campaign for Nordstrom Rack that targeted digital out-of-home devices. The results were very impressive. “We’re bringing programmatic advertising, like Google double-click, to the out-of-home world,” Curvelle said, “meaning you can now target audiences, specific demographics, and retarget them to…
Retail Leans On Programmatic Advertising To Deliver Directed Ads In Real Time
Thomas Curvelle, a programmer at HiveStack, shared the marketing technology company’s development of a programmatic advertising campaign for Nordstrom Rack that targeted digital out-of-home devices. The results were very impressive. “We’re bringing programmatic advertising, like Google double-click, to the out-of-home world,” Curvelle said, “meaning you can now target audiences, specific demographics, and retarget them to…
Mitigate Shrinkage with Automated Cash Handling
In today’s retail marketplace, brick-and-mortar businesses face many challenges when it comes to staying in the black. With the rise of online shopping and other competitive factors, retailers must take all necessary actions to maximize revenue, while at the same time reduce their exposure to loss from theft, error, and other factors. While retail shrinkage…
In the Retail Segment, Cash Still Reigns Supreme
Retail trends are changing, but one thing remains the same: the popularity of cash as a proven payment method. With a whopping overall consumer spend estimated at $2.3 trillion, the good ol’ American greenback continues to trounce not only its plastic competitors, but the other new and innovative payment methods available today as well. For merchants,…
Retail Will Lead The Way In AI Spending
Retail will overtake banking in 2018 to become the industry leader in cognitive and artificial intelligence spending. This is according to research firm IDC’s Worldwide Semiannual Cognitive Artificial Intelligence Systems Spending Guide. The report says retail firms will invest $3.4 billion this year on a range of AI use cases, including automated customer service agents,…
Retail, NEXT, Continues To Struggle
Next has become the latest retail outlet to record a negative performance admitting that “2017 was the most challenging year we have faced for 25 years.” The company reported an 8.1% fall in annual pre-tax profits to £726.1 million, while total sales dropped 0.5% to £4.1 billion. Revenue at its shops slumped while online revenues…
The Retail Workforce Uncertainty
The U.S. lost 60,000 retail jobs in the first three months of 2017, but early 2018 numbers could show an improvement. And while the industry stands to lose as many as 7.5 million in the future to automation, the current need for workers remains high, especially in today’s tight labor market. As retail options for…
The Transformation Of Retail
The U.S. retail marketplace is undergoing an unprecedented transformation, thanks to a number of change-making factors. We’re all aware of the meteoric rise of e-commerce and the recent decline of brick-and-mortar retail, but that’s only part of the story. Retailers across the country are also struggling under the weight of debilitating debt, largely due to…
Is the Last Mile the Last Challenge for Retailers?
Big names in retail, like Target and Amazon/Whole Foods, are investing heavily in same-day delivery services that do the job quickly and accurately. These decisions are in response to the reality that delivery is transitioning from an add-on service to a basic service. Retailers are realizing that customers expect “convenience” and “connectivity,” according to Rohan…
Walmart Expands Investment In Grocery Delivery
Walmart is expanding its online grocery delivery service to 800 stores by the end of the year, a move that will serve more than 40% of U.S. households. The program, which is currently available in six markets, will grow to serve more than 100 metro areas across the country. Customers can place orders online or…
Watch: KB Toys to Make Comeback After Toys ‘R’ Us Closures
Now that Toys ‘R’ Us is liquidating 703 of its stores, the company that bought KB Toys is ready to return with a bang. The New York Post reported Strategic Marks, a California based company, will open pop-up stores in malls for the Black Friday season. The company’s chief executive originally planned to revive the…
Listen: The Redefinition of “Work-Life” Balance with Monica Ricci
On today’s podcast, I chat with Monica Ricci from Catalyst Organizing. We talk about the commonalities between consumer and corporate organizational approaches, the role that inertia can play in maintaining some semblance of order, and the redefinition of the concept of “work-life” balance. For more information on Catalyst Organizing, be sure to check out…
Benefits of an Upgraded Enterprise Wireless Network
One struggle that growing businesses often deal with is providing reliable wireless network access to their guests and employees. It’s tempting to take care of the issue by going to your local big box retailer and buying an off-the-shelf router to extend your organization’s Wi-Fi network. But in today’s connected world, even a small business…
Amazon Go Creates a New Shopping Experience
“Is it really okay if I just leave?” People are still getting used to Amazon Go, Amazon’s bricks-and-mortar store where you do not have to check out to leave with your items. According to Observer, “To shop there, customers scan their phones at the entrance of the store; the Amazon Go app tracks what they…
Watch: Meal kit giant Blue Apron looks for new opportunities in retail
Blue Apron, one of the nation’s largest meal kit delivery services, recently announced plans to expand sales to retail space. As Walmart makes similar plans to sell meal kits around the country, Blue Apron could see some fierce competition. Walmart prepares meal kits daily while Kroger, another competitor, aims for fresh and cost-effective options. Blue…
Walmart Sees Potential In Drones
Walmart Inc’s patent filings hint that it may see a future where farmers use its drones to not only spot crop problems but selectively apply chemicals or even disperse pollen to bring shoppers the freshest and cheapest food possible. The world’s largest retailer applied for six patents last year on drones that aim to prevent…
Online Grocery Shopping Is Driving Cold Storage Demand
The growth of online grocery sales could result in demand for up to 35 million square feet of U.S. cold storage space shifting from retail stores to warehouses and distribution centers within the next seven years, according to a new report from CBRE, Los Angeles. “The U.S. market for warehouses and distribution centers has been…
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