From Bain.com March 2020 — Companies can brace themselves for lasting changes to the sector even as they grapple with short-term disruption. At A Glance We’ve put together an operational checklist to help retailers frame their immediate response to the COVID-19 pandemic and their medium-term planning for an eventual recovery. Key actions include empowering your emergency response team,… Read More »
Alcohol Retail – Shopping Under The Influence We like that title. WP article covers Nordstroms and how they are adding martinis to the mix for shoppers. With all the analytics describing how doing this or doing that is going to increase sales per customer and provide an uplift, why not just do the obvious? Sell them a martini,… Read More »
Press release by NRF December 11, 2019 11:34 AM Eastern Standard Time WASHINGTON–(BUSINESS WIRE)–Organized retail crime affects almost all merchants and more than two-thirds of those surveyed have seen an increase in the past year, according to the 15th annual ORC study released today by the National Retail Federation. “These criminal gangs are sophisticated, but so are retail loss… Read More »
Amazon executive Doug Herrington can sum up the formula for his company’s rapid innovation in ten rules. Herrington, a 1988 Princeton alumnus, shared those rules, along with reflections on his own career journey, during a talk on campus Nov. 30. Students, faculty, staff and community members packed McCormick 101 to hear Herrington, senior vice president for North America retail… Read More »
Excerpt from Houston Chronicle Toys R Us, the beloved toy retailer that went out of business last year, has returned to Houston with a revamped store that aims to offer a more interactive shopping experience than its failed predecessors. Customers at the new Toys R Us, which opens Saturday at the Galleria mall, are greeted by corporate mascot… Read More »
Reference link Food Coming to a Retail Store Near You LONDON, United Kingdom — In a grand restaurant in central London, customers tuck into classic British delicacies such as afternoon tea topped off with a glass of champagne. Since opening this spring, Thomas’s on Regent Street has become something of a destination. But the space isn’t one of London’s… Read More »
Reported on Washington Post April 10th. Overall, retailers have closed more than 15,000 stores since 2017, according to UBS. Among them: Radio Shack (which closed 1,470 stores), Toys R Us (735 stores), and Mattress Firm and GNC (700 stores each). By Abha Bhattarai April 10 Widespread closures have roiled the retail industry, but many more stores are likely to… Read More »
Albertsons is buying most of Rite Aid. Walgreens had previously tried to acquire the drugstore but the government blocked a full sale; the Rite Aid rival is now in the process of buying almost 2,000 stores instead. Albertsons will acquire the remainder, creating a company with a combined value of around $24 billion and annual revenue of roughly $83 billion. The… Read More »
Opening Macy’s with 4 in-store locations this week, opening 50 Pop ups by Summer. We are looking for good talented 3D printing Techs. Click here to edit the content
PYMNTS spoke with Ilya Alshine, founder and president of imageSurge, a Boston-based service provider looking to turn storefronts into interactive platforms.
So far, Alshine said, imageSurge has been adopted by more than 150 retail storefronts and dozens of real estate companies throughout the U.S. and Canada, illustrating the potential for a sea change in what storefront displays can offer.