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Category Archives: Part 6: Merchandise Management and Pricing
Key Loss Prevention Trends
Loss prevention is very important for retailers (see this prior post, for example). In an interview with the National Retail Federation, Rosamaria Sostilio — Senior Vice-President of Asset Protection for Saks Incorporated identified six loss prevention trends for 2013: The increased … Continue reading
Posted in Career Useful Information, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing
Tagged bad behavior, inventory management, inventory shrinkage, loss prevention, merchandising, National Retail Federation, NRF, planning, Rosamaria Sostilio, Saks, theft, tips, trends
3 Comments
McDonald’s Addresses Its Millennial Problem
Although McDonald’s is the world’s leading fast-food retailer, it has had some difficulty in attracting Millennials — people born between between 1981 and 2000. To remedy the situation, McDonald’s is placing greater emphasis on this market segment. As reported by Maureen … Continue reading
Posted in Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 6: Merchandise Management and Pricing, Part 7: Communicating with the Customer
Tagged competition, customer expectations, customer loyalty, McDonald's, McWrap, merchandising, Millennial, opportunity, planning, promotion, segmentation, trends
3 Comments
“Just Looking” Fees, Really?
It seems that some retailers will try just about anything to generate revenues and profits. But, such tactics may turn off shoppers. What do you think of this new tactic? According to Gregory Smith, writing for POPAI: “Before the rise … Continue reading
Posted in Global Retailing, Part 3: Targeting Customers and Gathering Information, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Part 7: Communicating with the Customer
Tagged bad behavior, competition, customer expectations, ethics, global, just looking fee, POPAI, pricing, shopping, trends, trust, Vera Wang
3 Comments
