With consumer prices beginning to plateau, retailers are beginning to feel cautiously optimistic over their future revenue streams. However, the index remains up 3.2 percent from a year ago, and with federal student loans now due for the first time in over three years, this makes a recipe for wallet-conscious shoppers. Now, shoppers are cutting…
Gary Stonell
Keeping up with the fast pace of retail is a never-ending cycle between maintaining brand promise, fostering employee productivity, and improving the customer experience. These three factors are all dependent on the other: employee productivity is key to meeting consumer demand, and meeting consumer demand is vital to increasing revenue and protecting the brand. Given…
The “quit rate” in retail and hospitality now outpaces the national rate by 70 percent. With that in mind, it’s no surprise that hiring seasonal employees is a challenge retailers face every year. After the holidays pass, retailers are also tasked with the challenge of not only understanding how to improve internal processes, but also…
The average turnover rate in the retail industry is slightly above 60 percent, according to the National Retail Federation. What does this high turnover rate mean for retailers? Not only do employers have a hard time retaining employees, but employees often have reduced morale and lack motivation to get tasks done accurately and efficiently, resulting…