Retail
Omnichannel strategy, e-commerce tech, and in-store innovation.
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Watch: US retail suffers surprising January sales decline
Reports say retail sales dropped 0.3% in January, the biggest decline in 11 months. Forecasts expected at least a 0.2%, so the drop surprised analysts and retailers alike. The decline has been attributed to household cutbacks on large expenses like cars and building materials. December, previously marked as an 0.2% bump in sales, has been…
Shiji Information Technology Scores $486 Million Dollar Investment
Shiji Information Technology, a software and data systems company that provides to hotel groups like InterContinental Hotels, retailers like Starbucks Corp, and entertainment companies, landed a $486 million-dollar investment from Alibaba, China’s biggest e-commerce company. Along with the investment, Alibaba will now own a 38% stake in the company. This is not the first time…
Report: Food Trends Show Authenticity is King
A report from EcoFocus Worldwide, released by Memphis-based Evergreen Packaging, shows a set of key trends for the food and beverage industry as it moves into 2018. The report details that authenticity is the name of the game, labeling a growing consumer segment: Fresh Authentics. The segment, comprised of 11% of shoppers, are looking for…
Game-Changing B2B Retail Platform “Petrosoft Marketplace” Launching
Global host of retail tech solutions Petrosoft recently announced the start of Petrosoft Marketplace, a revolutionary B2B ecommerce site that aims to connect sellers of tech solutions with retail clients. Until now, retailers were required to reach out to suppliers and vendors individually, getting quotes and negotiating a fair price from there. The Petrosoft Marketplace…
Watch: Unilever Threatens to Pull Ads from Google & Facebook
The consumer good giant threatened to pull investment from Facebook and Google. Unilever said they will remove their ads unless digital platforms remove content that isn’t transparent and fails to protect children. Unilever, as a trusted advertiser, does not want to advertise on platforms which do not make a positive contribution to society. Unilever CMCO…
How Retail Can Keep Up with Amazon in 2018
Alexa, go to the store and pick up a gallon of milk. If you own an Alexa, you know that’s not quite how it works. But Alexa can order and have milk delivered to you, thanks to a digital revolution in retail known as Amazon. And other retail companies are struggling to keep up. Top…
Watch: Best Buy and Target will soon stop selling CDs
Citing the explosion in popularity of streaming services, rumors say that Target and Best Buy will stop selling CDs this year. The CD aisle in retail stores has been in decline for years, and many see the move as the end of an era. The deal has everything to do with vendors and shipping costs,…
Kroger Will Sell Over 700 Stores
Competition is heating up in the grocery store industry. Performance expectations are on the rise, and grocery stores in the U.S. are reevaluating how they do business in an effort to stay relevant. One major chain, The Kroger Company, has made a big decision toward that end, according to a recent Nasdaq report. The company…
Watch: Tesla Inks Deal To Sell Solar Equipment At Home Depot
Tesla is entering the consumer DIY market with a new expansion into Home Depot. Several companies have tried but failed to make solar financially viable but this would be a big for Tesla to expand their presence. Home Depot is one of the largest retailers in the world with more than 2,000 stores and will…
Watch: Amazon Go Plans To Transform The Way You Shop
Amazon Go opened its doors to the public last week with no cashiers or registers. items are automatically added to the shoppers’ virtual baskets using technology and hundreds of overhead cameras. But how will this next step in retail technology affect the traditional store? Brent Franson, CEO of Euclid notes the Amazon Go model will…
Immersive Virtual Reality
The excitement about mainstream virtual reality technology is beginning to grow as more and more of these interactive devices enter the market, which in turn, is driving down costs. These reductions in price are expected to draw in hordes of first time consumers, shepherding in the beginning of mass market adoption. The Greenlight Insights Virtual…
Listen: What’s Next In Retail with Ray Hartjen
On today’s podcast, we get to have a chat with Ray Hartjen from RetailNext. We discuss the revolutionary changes in the approach to retail, some interesting thoughts on the best shopping experts, and just how difficult it is to “out-Amazon” Amazon. For more information on RetailNext, be sure to check out retailnext.net
Listen: Sourcing The World’s Best Lumber with Kari Gaviria
On this episode of our podcast, we get to feature Kari Gaviria, Account Manager at Madison Wood! We dive deep into the world of wood, from the wood treatment process, why the market is heading toward All Ground Contact direction, and why ultimately Madison Wood decided to only sell Ground Contact retention wood. Another…
Watch: Japanese Company Yamada Is Now Accepting Bitcoin As Payment
Japanese consumer electronics retailer Yamada Denki has partnered with cryptocurrency exchange bitFlyer to add a bitcoin payments service in two of its stores. One of the stores to receive the new service is based in Shinjuku, Tokyo. the company indicated it aims to respond to the diverse needs of its customers both in Japan and…
Listen: Retail Trends In 2018
After the NRF Big Show in New York City, industry leaders have pointed out some of the top trends for retail in 2018 First, Retailers are looking to personalize the digital experience for their customers. According to Terry Lundgren, Executive Chairman at Macy’s, “The whole concept of personalization is simply on steroids right now….
Working Smarter, Not Harder in Retail with Jennifer Ruscin of Growth Spurt Sales and Marketing
On today’s podcast, we get to chat with Jennifer Ruscin, the owner of Growth Spurt Sales and Marketing. We discuss the tectonic shift in marketing strategy. The new paradigm that has retailers actually listening to customers, how technology helps work smarter not harder, and the future delivery of Oreos and “grape-based” beverages. As an…
Listen: Bringing Brick And Mortar Stores Into The Digital Age
After disappointing sales, Toys “R” Us is looking to close 182 US stores. After filing for bankruptcy in September of last year, CEO Dave Brandon said, “[this] will provide us with greater financial flexibility … and strengthen our competitive position in an increasingly challenging and rapidly changing retail marketplace…” However, the retailer has struggled…
Listen: Andrew Straitman and Steven Maisel on E-commerce, Consumer Experience, and Brand Consistency
On this episode of our Retail Podcast, we sit down with Andrew Straitman, Director, Strategy & eCommerce, and the President of CPC, Steven Maisel. We talk about CPC’s growth, notable mentions in Reuters and the Huffington Post, as well as their move to Madison Avenue. Other topics of discussion include how eCommerce is consistently…
Listen: Minnesota Gears Up For Super Bowl Spending
Super Bowl 52 is only weeks away and the city of Minneapolis is expecting visitors to bring a retail boom to the twin cities. Retailers big and small are getting excited about the number of football fans that will be bringing their business with them for the game. Target and Minnesota based menswear haberdasher…
The UK Looks to Lead in Developing New Battery Technologies
The rush to find and develop new battery chemistries is heating up, with the United Kingdom poised to lead the pack. For much of the 20th century batteries were a neglected technology that was taken for granted, with their standard disposable zinc-carbon cells serving their purpose well. Most were content with batteries and there was…
Watch: Abercrombie and Fitch is leading a comeback in teen retail
Abercrombie and Fitch is up 130%, marking a rebound from worries over a “death by Amazon.” The rally is anticipated to continue as long as consumer confidence and spending stay high. Retail overall is bouncing back and though Amazon is winning, they aren’t alone. Analysts attribute the teen retail bounce back to the previously depressed…
Listen: New Multi Factor Authentication For IOT
With the importance of security for IOT devices, one company is changing the way we see device authentication. Hologram ,a developer of software-defined cellular networks for IoT, has created a multi-factor authentication system. If a breach in security were to occur, the system would help to determine if an IOT device is safe to…
Whole Foods Could Be Diminishing The Role Of Local Suppliers
In the wake of its acquisition by Amazon, Whole Foods has been in the news for lowering its notoriously high prices. While consumers might be happy with this development, local suppliers are feeling the pinch. To try to maintain these reduced prices and create a more cohesive product line, Whole Foods is introducing new rules…
Nordstroms Aims To Go Private
E-commerce retailers are squeezing traditional brick-and-mortar stores around the country. More than 30 retailers filed for bankruptcy between January and November 2017. The Nordstrom family is moving forward with efforts to take the retailer private, which would allow Nordstrom to reshape its business and make long-term changes without scrutiny from investors. The company has had…
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