Tag: Blog
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Tough Sledding for the Department Store Industry
It’s not news that the retail industry has been, and still is, in a state of constant change. Some retailers with smaller format stores have been able to weather the changes and secure their spot in the new world of retail. However, for larger format stores, specifically department stores, it will be tough sledding.
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Bricks and Clicks Coexist – An Omnichannel Story
Companies no longer have the option to operate solely in one channel or the other. To be successful requires retailers and restaurants to identify the best consumer experiences from both channels, merging these into a single omnichannel strategy. Bricks and clicks can coexist and when in harmony, create a powerful synergy which helps retailers and…
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Weighing the Pros and Cons of Private Equity Backing for Restaurants
Recently, the role of private equity in the restaurant sector has been a hot topic. While many arguments exist for and against private equity ownership of restaurants, one main theme seems to stand out – that private equity owners with a longer-term perspective are good for the restaurant business.
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PGA Tour Superstore is winning at experiential retail
What does it take to concurrently implement a successful bricks-and-mortar and ecommerce retail strategy? PGA Tour Superstore knows how to play the game. Listen to the Retail Gets Real podcast.
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Home Depot opens hurricane command center in Atlanta
Home Depot, has been in full emergency mode this week, assisting customers in preparing their homes and businesses as Hurricane Florence approached landfall. The home improvement giant opened a command center in Atlanta, Georgia, staffed by 300-employees to minimize inventory impact to stores.
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The Acceleration of Shopping Center Destruction
Pundits and forecasters in the retail industry have been predicting the demise of the regional mall since the first dot.com boom in the early 2000s. There are several key factors that have contributed to these prognostications – the continued growth of e-commerce and corresponding demise of brick and mortar retailing; the decline of the middle…
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Massive Mobile Data – Not All Sources are Created Equal
Retailers, restaurant, and service providers are abuzz over an emerging technology, known as Massive Mobile Data (MMD), and its uses and applications with respect to better understanding customer profiles, shopping habits and patterns, customer residence and workplace locations, cross-shopping, target marketing, assessing staffing requirements based on peak activity periods, etc.
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World Series Game 7 – Who Were Those Lucky Fans in the Stands?
We have written before about the significant value that massive mobile data (latitude/longitude coordinate data from location-enabled mobile devices) can provide in the development of sales forecasting models. In addition to providing consumer insights for clients who do not have access to customer address data, there are many other uses for massive mobile data in…
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Massive Mobile Data – Poised to Revolutionize Predictive Analytics
Massive mobile data represents a new technology that is proving to be just as revolutionary as these earlier innovations. In brief, massive mobile data comprises counts of geographic observations concerning the locations of mobile devices. While the sheer volume of data can be daunting (our current partner is producing data at the rate of ~300…
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How Does e-Commerce Influence Your Brick and Mortar Strategy?
One of the most significant trends in retailing over the past 10 years has been the steady growth of e-commerce. The contribution of e-commerce to overall retail sales has tripled over that period – from 2.5% in 2005 to 7.3% in 2015. Some sectors (such as books and music) have been completely transformed since 2005,…