25 September, 2013 - - Retail -

Retailers put a lot into running their stores. It takes cash, time, more cash and more time to be successful! In the back of our minds is always the fear that a big-box retailer will move in and ruin everything we’ve worked for. I’m reminded to the Stockdale Paradox described by Jim Collins in the […]

24 September, 2013 - - News -

According to Macy’s CEO Terry Lundergan, hard times for middle-income consumers is making it difficult for many to spend freely on discretionary items such as clothing. While Macy’s sales figures have been disappointing this year, they are hardly the only retailer facing tough straits. Some competitors, like JCPenney, are doing even worse. Read the full […]

23 September, 2013 - - News -

J.C. Penney is the picture of a business in disarray. The stock price is tanking, the vultures are circling. Penney’s shareholders and board members have opted not to air their dirty laundry behind closed doors, but to take it to the public in a wide-open, no-holds-barred yap-fest in full view of the public eye. This […]

23 September, 2013 - - Retail -

In today’s increasingly competitive marketplace, having access to reliable transactional data about your business is extremely important. Whether you own two stores or 200 stores, you need accurate data to make critical business decisions—from handling inventory to managing your cash flow. Let’s look at three concrete ways in which accurate data provided by an integrated […]

23 September, 2013 - - News -

The future of retail, according to recent research, is e-commerce. Many people believe traditional retail stores will have to make significant adjustments if they wish to so much as survive, much less thrive. A sign of the times: across the globe, 60 to 80 percent of customers say they prefer to shop online. Read the […]

20 September, 2013 - - News -

Although retailers aren’t very optimistic about sales this holiday season, they do think mobile will help drive a significant portion of the sales they do make. In a recent survey, over 50 percent of retailers predicted increases in mobile sales, with many believing mobile will help drive people into physical stores to complete their transactions. […]

20 September, 2013 - - News -

eCommerce should not be the sole focus for the retailer; retailers need to appeal to the smart phone and tablet-based customer, as well. The retailer who is able to take advantage of these two customer types first is going to solidify their brand’s position in the marketplace. BloomReach provides a service which maps the products […]

19 September, 2013 - - News -

And you thought your rent was expensive? The average rent on Fifth Avenue in Manhattan now exceeds 3,000 dollars per square foot–several times higher than the national average, and 22 percent higher than the price at this time last year. From SoHo to Times Square and Herald Square, rent is going up all over New […]

19 September, 2013 - - News -

In today’s tough marketplace, retailers and food providers need to do everything they can to make their patrons feel cared for and important. This article offers a number of strategies for providing customers with a great retail experience, including: connecting with customers’ needs; providing purchasers with convenience; and listening and responding to feedback.   Read the […]

18 September, 2013 - - News -

According to a recent report, consumers find visual content-based sites more engaging than non visual-based sites. Instagram, for instance, was shown to enjoy consumer engagement that far surpasses that of either Facebook or Twitter. Pinterest, Vine, and YouTube were also shown to be great avenues for interacting with consumers and increasing brand awareness. Read the […]

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