Robots: The Automated Shopping Experience

Robots: The Automated Shopping Experience

As e-commerce sweeps in, retailers resting on the physical storefront recognize that there are two important factors at play that must be addressed. As labor costs rise, they must work to keep costs down, and as consumer expectations change, they must evolve to suit them.

Robots address both of these issues. A report says that within the next five years robots will be responsible for 6% of jobs in the United States being eliminated. Many of the issues that retailers face on a consistent basis can be combated by robots. Peak hours that are undermanned, high employee tuner-over rates, theft, messy stores, etc., can all be dealt with by robots.

Continue reading

In The Face of Stiff Competition Walmart Turns Falling Revenue Around

In The Face of Stiff Competition Walmart Turns Falling Revenue Around

Small business owners would do well to look at the methods much larger retail outlets use to turn lagging sales and profit around. Most recently, the retail giant Walmart has experienced a 9.6% sales surge and is expecting to draw over $112 billion in revenue this year. The chain of discount department stores has faced increasing competition from Amazon, as many shoppers value the mail-order giant’s responsive customer service and competitive pricing.

Continue reading

Smart Retailers are Techie Retailers

Smart Retailers are Techie Retailers

There’s no debate about the fact that retail and technology are merging. With the influx of e-commerce, apps, and social media touching all facets of life, retailers who are committed to success recognize that keeping up with technology is a necessity in this day and age.

But, perhaps the sharpest of retailers are doing even more than that. As Forbes Contributor Michael Jones points out, if you want to stay ahead of tech trends in retail, then think like a tech company instead of a retail company.

Continue reading

Pop-Up Stores Are All the Rage!

Pop-Up Stores Are All the Rage!

Pop-up stores have been around for years. You have probably seen a temporary Halloween costume store or Holiday gift stores which temporarily locate in an empty kiosk or retail location. However, recently Target has been in the news for their successful Bullseye Bazaar and Bullseye Bodega pop-up stores. So, why are pop-up stores so great?

Continue reading

The Latest Retail & Consumer Trends

The Latest Retail & Consumer Trends

Synchrony Financial is a trusted consumer financial services provider with over 80 years under their belt. They’ve just released The Synchrony Trend Spotter – The Latest in Retail and Consumer Marketingthe report outlines the things that consumers value most, and it highlights how retailers can best respond to those consumer priorities.

Synchrony Financial tracked the patterns that currently define retail and mobile platforms. These are the five most important trends they found:

Continue reading