Retail TouchPoints

MAY 29, 2020

Nordstrom, like many other department stores, had a much weaker quarter: overall sales fell 40% , with full-price locations dropping 36% and the off-price division declining 45%. The declines were attributed to store closures, though the retailer has reopened about 40%.

Department Stores 153

Department Stores Operating Expenses Store Operations Apparel 153

Retail TouchPoints

DECEMBER 4, 2023

Their critical shortcoming is the lack of valuable metadata, including data collected from barcode scans, pedometer readings, timing and location. This process often consumes a substantial amount of labor, time and cost, accounting for 50%-75% of total operating expenses in a typical retail store.

Operating Expenses 242

Operating Expenses Shipping Accounting Shopping 242

Retail TouchPoints

JUNE 10, 2020

The merger agreement specifically gave Simon the right to terminate the transaction in the event that a pandemic disproportionately hurt Taubman,” according to a Simon statement.

Operating Expenses 149

Operating Expenses Location Management Shopping 149

Retail Focus

MAY 18, 2021

According to a recent study, the costliest in-store operating expenses are labour, rent, marketing and energy so these are great places to start when looking to cut costs. Cutting costs is a great way to increase the profit margin for a business; however, not all cutting of costs will result in a happy ending.

Payment Services 147

Payment Services Customer Retention Operating Expenses Marketing 147