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Tag Archives: merchandising
Bloomingdale’s Ups the Ante for Its Outlet Stores
Until recently, Bloomingdale’s (owned and operated by Macy’s Inc.) only operated upscale stores. But today, it is becoming more and more engaged in the discount segment of retailing with its Bloomingdale’s: The Outlet Store, as it seeks to (1) lure … Continue reading
Posted in Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 4: Store Location Planning, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Part 7: Communicating with the Customer, Part 8: Putting It All Together
Tagged Bloomingdale's, customer expectations, discount, location, Macy's, merchandising, opportunity, outlet store, trends
2 Comments
Is This the Wave of the Future for Inventory Management?
As we know, managing inventory properly can possibly make or break a retailer’s sales and profit goals. So, retailers should be as efficient and accurate as possible in their inventory management efforts. Nonetheless, many retailers rely on physical inventory counts … Continue reading
Posted in Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Technology in Retailing, Video Clips (non-career)
Tagged inventory management, merchandising, opportunity, planning, retail analytics, Simbe Robotics, Tally, video
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The Pre-Store Impact of Digital Shopping
Although the purchase volume of in-store transactions remains dominant (well over 90 percent of consumer purchases are concluded in a physical store), digital pre-store shopping tools are becoming more and more popular. Nielsen reports the following based on its research: … Continue reading
Posted in Online Retailing, Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, 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, Social Media and Retailing
Tagged customer expectations, digital shopping, experiential retailing, merchandising, multichannel, Nielsen, online shopping, pre-store, retail analytics, tips
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