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Tag Archives: RetailWire
Bricks-and-Clicks Retailers’ Hidden Weapon
As we have noted times before, bricks-and clicks retailers are not danger of disappearing. Having difficulties in an increasingly online world? Yes. Having to make strategic changes to keep up? Yes. But disappearing? No! Here are a few past posts … Continue reading
Discounting NOT Always Good for Department Stores
As we have noted before, department stores such as Macy’s regularly offer discounted prices on many items. This may draw some added traffic and revenues, but does this increase profitability and draw profitable customers — and really help the department … Continue reading
Posted in Part 1: Overview/Planning, 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, Part 8: Putting It All Together
Tagged Allen Questrom, competition, customer expectations, discounts, Forbes, Macy's, merchandising, pricing, RetailWire, trends
1 Comment
Optimizing In-Store Traffic
Given the fast-changing nature of both bricks-and-clicks retailing and online retailing, store-based retailers really need to do everything they can to optimize their in-store traffic. Recently, HeadCount did a study on in-store traffic counts. This report is available [with a free … Continue reading
Wal-Mart Improving Its Working Environment
The often-criticized Wal-Mart is launching a number of initiatives to improve employee working conditions and morale — in addition to its recently announced wage increases for lower-paid workers. As Tom Ryan reports for RetailWire: “Beyond its widely covered wage increases, Wal-Mart … Continue reading
Posted in Career Useful Information, Careers in Retailing, Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 5: Managing a Retail Business
Tagged employee satisfaction, morale, operations, planning, RetailWire, trends, trust, Wal-Mart, working conditions
2 Comments
Are Retail Pricing Strategies Out of Control?
Recently, we wrote about many restaurants making their menus too complicated, thus leading to significantly slower service and too many choices. Now, we have a related question: Do some retailers offer too many prices for their product assortment? In many … Continue reading
Posted in Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 6: Merchandise Management and Pricing
Tagged competition, customer expectations, inventory management, merchandising, planning, price, pricing, RetailWire, Software Advice, tips, trends
2 Comments
Delivering on the Brand Promise: A Video Series
RetailWire has put together an excellent 7-part video series that is useful for any type of retailer, sponsored by Oracle Retail. Part 1: The Big Data Deluge Part 2: Applying Cross-Channel Principles Part 3: Drivers of Great Cross-Channel Experiences Part … 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, Retail Executive Interviews, Video Clips (non-career)
Tagged information, multichannel, opportunity, Oracle, planning, retail analytics, RetailWire, strategy, tips, trends, video
1 Comment
