Retail TouchPoints

JULY 31, 2020

These include supply chain, real estate, merchandising operations, product operations, health & wellness, human resources, marketing, customer service and e-Commerce. The company scaled up its e-Commerce division in the past few years under Marc Lore, Walmart U.S. eCommerce CEO.

Discount Store 242

Discount Store Store Operations Marketing Planning 242

Retail TouchPoints

JUNE 10, 2021

government has lifted personal income to make up for what was lost in March and April 2020, according to Jack Kleinhenz, Chief Economist at NRF. Apparel retailers were hit hard in 2020, as many employees worked from home and many stores were closed for a couple months,” said Naumann. “As has experienced since 1984.

Sporting Goods 175

Sporting Goods Apparel Grocer Returns 175

Inside Retail

MARCH 21, 2024

American management consulting firm Bain & Company reported that global luxury sales were down by 22 per cent with the onslaught of the pandemic in 2020. Even so, recent luxury financial reports have been mixed, reflecting brand strength, business models and different luxury categories, while regional performance has varied as well.

Jewelry 228

Jewelry Fashion Consumer Payment Services 228

Mass Relators

MAY 22, 2023

In that role she was responsible for the merchandising of the baby, beauty, household chemicals, household paper, over-the-counter medications, personal care and pet categories. Watkins joined Walmart about 24 years ago as a real estate intern after graduating with a JD degree from the University of Arkansas School of Law.

Promotions 52

Promotions Store Operations Consumer Marketing 52

Mass Relators

MAY 5, 2023

In that role she was responsible for the merchandising of the baby, beauty, household chemicals, household paper, over-the-counter medications, personal care and pet categories. initially serving as a senior category director for adult beverages. Consumables is a huge and crucial business for Walmart. store operations.

Promotions 52

Promotions Store Operations Consumer Marketing 52

Inside Retail

APRIL 2, 2024

This follows the opening of its first brick-and-mortar store in 2020 when it “effortlessly” came upon an opportunity to open its Byron Bay concept flagship. In 2017, the brand entered the childrenswear market with its mini category as a natural extension of the Zulu & Zephyr co-founders, who were young mothers themselves.

Fashion 130

Fashion Boutique Customer Experience Shipping 130

Inside Retail

FEBRUARY 28, 2023

He elaborated that it is costly to authenticate luxury items, and the company broadened their category mix into home, art and kids – particularly in home, products can be expensive to ship. At the same time, he feels there are some structural issues in its business model which are complicating matters.

Shipping 130

Shipping Fashion Marketing Location 130

Inside Retail

JUNE 21, 2023

Retail property was put to the sword in 2020, but now it is surging back across Southeast Asia. It shouldn’t come as a big surprise, since the setback that started in March 2020 and dragged on for two years, and in some places for the best part of three, was always bound to set a low bar from which 2023 would start to look good.

Marketing 130

Marketing Beauty and Health Sporting Goods Shopping 130

Retail Minded

JUNE 9, 2021

Over the past decade, the retail real estate sector has experienced a 4 – 5% annual growth—with net commercials and retail square footage increasing. in 2020 , marking a record high in 20 years. However, all is not doom and groom in the retail real estate industry. What Is Retail Real Estate?

Supermarket 59

Supermarket Apparel Shopping Management 59

Retail TouchPoints

FEBRUARY 14, 2022

While there are various assets retailers can monetize (including real estate and inventory), the most talked-about but under-tapped is data. However, that strategy only covers one category within retail and only uses aggregated data. However, these are large bucket categories that only offer a snapshot of spending patterns.

Merchant Services 258

Merchant Services Consumer Accounting Customer Experience 258

Mass Relators

JUNE 20, 2022

Matthew Simonsen has been promoted to senior vice president of real estate and development. He joined the DG real estate and development team in 2020 and most recently served as vice president of real estate. Jackie Li has been promoted to senior vice president of private brands and global sourcing.

Promotions 52

Promotions Management Employee Engagement Store Operations 52

Retail TouchPoints

MARCH 29, 2021

The driving force of this aggregation is the dominance of Amazon itself , not any one product category. In 2020, total gross merchandise volume (GMV) on Amazon was approximately $490 billion , according to estimates from Marketplace Pulse , and $300 billion of that came from Amazon’s third-party marketplace.

Fulfillment 344

Fulfillment Accounting Planning Consumer 344

Retail TouchPoints

MAY 5, 2021

The COVID-induced ecommerce boom of 2020 saw online sales climb across almost all categories last year, including some unexpected ones. were down 6% YoY in 2020, according to TrueCar , online used car sellers like Vroom and Carvana achieved record years. The numbers speak for themselves: Online sales of alcohol in the U.S.

Returns 278

Returns Consumer Marketing Comparison Shopping 278

Mass Relators

MAY 31, 2022

Matthew Simonsen has been promoted to senior vice president of real estate and development, for example. He joined the DG real estate and development team in 2020 and most recently served as vice president of real estate.

Promotions 52

Promotions Employee Engagement Store Operations Management 52

Mass Relators

SEPTEMBER 13, 2021

compared to the second quarter of 2020, driven by a decline in customer traffic, partially offset by an increase in the average transaction amount. Same-store sales in the quarter included a decline in each of the consumables, seasonal, apparel, and home products categories. million in the second quarter of 2020.

Apparel 52

Apparel Planning Consumer Marketing 52

Inside Retail

MARCH 9, 2023

E-commerce in Singapore had a couple of bumper years in 2020-21, but online sales growth plateaued in 2022 as a percentage of Singapore’s retail sales : for Capitaland’s malls, many of them part of integrated mixed-use projects, it was time to start taking full advantage of normalisation.

Department Stores 130

Department Stores Sporting Goods Shopping Returns 130

Inside Retail

JUNE 25, 2023

After formally filing a request for the retail store in 2016, the global tech giant wanted to open the facility in 2020 but postponed the plans due to Covid-19 disruption. However, this changed recently when CEO Tim Cook visited the country to inaugurate its stores amid grand fanfare. Both the stores are situated in upscale neighbourhoods.

Planning 130

Planning Payment Services Marketing Consumer 130

Mass Relators

MARCH 17, 2022

increase in fiscal 2020. In addition, during the year, we completed the initial rollout of DG Fresh, executed more than 2,900 real estate projects, including the opening of our 18,000th store and 50 standalone pOpshelf locations, and launched new initiatives focused on health and international expansion.”. compared to $642.7

Payment Services 52

Payment Services Markdowns Apparel Planning 52

Retalon

AUGUST 5, 2020

Most Important KPIs for the Retail Industry in 2020. Jump Ahead Most Important KPIs for the Retail Industry in 2020 Examples of Retail KPIs that Maximize Inventory ROI 1. In the longer term, product categories rise and fall as technologies or customer tastes change. In-Stock Percentage 2. Inventory Turnover Ratio 3.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41

Retalon

OCTOBER 8, 2020

More expensive than real estate, merchandising, or even labor — inventory is the largest investment your company makes. The real problem is not having too much inventory. Beyond the financial impact, excess inventory has a real, physical impact on the organization. It determines what product categories you assort.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Mass Relators

AUGUST 26, 2021

compared to the second quarter of 2020, driven by a decline in customer traffic, partially offset by an increase in the average transaction amount. Same-store sales in the second quarter of 2021 included a decline in each of the consumables, seasonal, apparel, and home products categories. million in the second quarter of 2020.

Apparel 59

Apparel Fulfillment Planning Consumer 59

Retalon

SEPTEMBER 11, 2020

Breaking down financial budgets into categories, and stores. Inventory — even above real estate, merchandising or advertising — is the biggest investment retailers make. In addition to these common influences over demand, many others are specific to particular retail categories.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retail TouchPoints

FEBRUARY 23, 2022

From early 2020 to mid-2021, the percentage of retail chains offering curbside pickup surged from a miniscule 7% to a staggering 51%. In many pickup areas, there is barely any real estate open to include new fixtures or product displays to encourage those impulse browsing behaviors that so many retailers try to create.

Fulfillment 283

Fulfillment Checkout Visual Merchandising Kiosk 283

Inside Retail

MAY 11, 2021

During 2020, while many retail tenants stopped paying rent and, in some cases, closed their doors entirely, homemaker centres continued to cash rent checks, seeing them go on to live another day. Harvey Norman recently dropped $100 million on Watergardens Homeplace in Melbourne’s north-west, with another $28.25

Returns 130

Returns Payment Services Shopping Planning 130

Retail TouchPoints

NOVEMBER 18, 2020

American Eagle has shifted 50% of its sales to ecommerce — an important move for a brand with a young, digitally native audience — but that still leaves the retailer with lots of real estate that it can weave into its online offerings. “We However, apparel isn’t the only category interested in AR. “We’re

Customer Experience 233

Customer Experience Kiosk Clienteling Fulfillment 233

Store Growers

MARCH 9, 2020

These ads appear mostly on mobile for very generic category searches like “cookware” or “mattresses”. But if you want the real dynamic features, you need to add more complex remarketing code. Or just for each category? Then you’re better off creating an ad group with ads that target the category name.

Advertising 75

Advertising Shopping Accounting Checkout 75

Inside Retail

JANUARY 11, 2023

And the third factor is history: there is a school of thought – understandably strong among retailers – that rents were set too high leading up to the pandemic and that the period from 2020-22 reset them at more realistic levels. Who benefits and who doesn’t?

Department Stores 130

Department Stores Accessories Shopping Location 130

Indigo 9 Digital

JUNE 16, 2023

In 2020 Dollar General recorded its 31st year of consecutive same store sales growth. Locating stores away from high demand urban locations as well as having smaller stores also helps Dollar General to keep its real estate costs low. In October of 2020 Dollar General announced it was opening a new store concept called Popshelf.

Location 52

Location Planning Retail Trends Shopping 52

Mass Relators

MARCH 31, 2024

In her previous role of VP, DMM in the home division and holiday events categories, she oversaw initiatives and product development within non-consumables and was instrumental in the creation and rollout of the NCI program, designed to refresh general merchandise and improve the customer shopping experience.

Promotions 52

Promotions Merchant Services Planning Beauty and Health 52

Indigo 9 Digital

SEPTEMBER 1, 2022

But in 2020 Marks & Spencer opened up its website to outside apparel brands. In a small pilot that took place in October of 2020, where Marks & Spencer sold womenswear brand Nobody’s Child on its website, Marks & Spencer found that close to 10% of customers who bought the brand were new to Marks & Spencer womenswear.

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95

Retail TouchPoints

APRIL 13, 2021

During COVID-19, social networks became powerful vehicles for driving product awareness, education and, in some cases, real-time engagement and community building.; In 2020, 56% of retailers added phone and text chat to replicate elements of the in-store experience online. Listen to the session on demand.

Consumer 143

Consumer Payment Services Fulfillment Advertising 143

Retail Insider

FEBRUARY 22, 2021

Well, it certainly found its place big-time in 2020 as a robust technology that could play many roles – from allowing people to use their phones to check-in to venues, pulling up web-based information, and seamlessly linking individuals to mobile payment solutions. Retailers have real estate in which there are many windows.

Payment Services 98

Payment Services Kiosk Fulfillment Shopping 98

Inside Retail

JANUARY 11, 2022

Inside Retail : When I spoke with Gerry Harvey a few months into the Covid-19 pandemic in 2020, he described it as one of the best things for his business because of how much people were spending on their homes. Particularly strong individuals come out of the apparel industry because it’s a high-risk [category].

Apparel 130

Apparel Returns Accounting Management 130

Small Biz Trends

DECEMBER 14, 2022

Eligibility criteria vary depending on which category you fall into – sole proprietorship, LLC, S-Corp, etc. Real Estate Taxes. If you own a business property, such as an office or retail store, then you can claim the associated real estate taxes as a tax deduction. cents per mile. Business interest payments.

Payment Services 130

Payment Services Accounting Advertising Returns 130

Mass Relators

JANUARY 21, 2022

Amazon also accelerated Whole Foods’ physical expansion, opening 16 stores across the country during 2020 despite the COVID-19 pandemic and adding another six last year. The flagship location debuted in September 2020, in a former Toys ‘R’ Us location in Woodland Hills, Calif. are slated to open this month.

Checkout 52

Checkout Supermarket Location Grocer 52

VMS

JANUARY 30, 2022

Digitally native or mostly DTC [direct-to-consumer] brands that are fast growing, pioneering something new in their category, have an established and reliable supply chain, have an inspiring founder’s story and have extraordinary product,” says Rachel Friedman, Founder and CEO of the concept’s creator, Tenfold (Columbus, Ohio). In the U.S.,

Apparel 122

Apparel Home Furnishings Visual Merchandising Accessories 122

Retail Geek

DECEMBER 21, 2021

If you want to follow along on with all the data, here is a visual recap of retail growth 2020-2021. 7:44] Very obviously there are winners and losers so I said alright well let’s look at all the categories that the US Department of Commerce gives us. In those 23 months, the retail industry grew 22%, historically fast growth.

Sporting Goods 52

Sporting Goods Drop-Shipping Shipping Apparel 52