Get in on the Secret
Every day comes with announcements of another retailer in trouble… bankruptcy, store closings, executive changes, and more. It can get depressing for those working in the retail world. But if you look closely, weaved into those cautionary tales there are some successes, believe it or not. Many companies are opening more stores, e-commerce companies are opening brick and mortar locations and stores are celebrating successful holiday sales. So, what gives? What is it that the successful retailers are doing and how can we get in on the secret?
Looking at the list of thriving retailers, there are some glaring commonalities. [Read more…]
At this point in time, trying to live without technology is easier said than done. Technology has so greatly impacted our lives, that it is almost inescapable. In retail, you will be run over without properly utilizing technology. However, interacting with people is a core function in retail environments. This begs the question of how much technology is too much technology? How do you maintain a balance between human and machine?
As usual, NRF 2020 proved to be a “vision” of the future of retail. Walking in this year, you were greeted with the normal hustle and bustle, which is only appropriate for a New York City event, and excitement in the air.
Removing the Risk, Increasing the Payoff in Your Omniretail Inventory.
No Risk, No Reward?
Enthusiastic investors and gamblers have one thing in common: they want to win BIG. However, trying to win big requires greater risk. With a higher risk, the chances of losing are also higher. Both the investor and the gambler dream of winning big, but often want to find ways to minimize the risk of losing.