Merchandising
October 19, 2018 at 10:10 am
Over the last several decades, larger brick-and-mortar stores haven't fundamentally changed their layouts and merchandising approach. Ask just about any big-box retailer what their goal is today, and the answer would be about the same as it would have been in 1960: to serve as a one-stop shop for customers to meet all of their…
October 17, 2018 at 1:15 pm
On Tuesday, Target announced plans to roll out a new toy experience in stores and online, in time for the holiday shopping season. Changes include devoting more aisles to selling toys in stores, hosting play days in stores and making the new dedicated space “absolutely permanent” lasting beyond the gifting season. CNBC reports Target will…
October 5, 2018 at 3:03 pm
Walgreens has announced a new partnership with digital beauty subscription company Birchbox. The pharmacy chain will experiment with adapting Birchbox's subscription concept to some of its stores, stocking shelves with more "prestige" makeup brands, dedicating 400 to 1,000 square feet of space to Birchbox and allowing customers to "build your own Birchbox" at Walgreens. The…
September 17, 2018 at 2:44 pm
With a focus on increasing shareholder value, L Brands announced last week that it will be shuttering all 23 Henri Bendel stores and the Henri Bendel e-commerce website. The stores include Henri Bendel's Fifth Avenue flagship store as well as smaller-format stores in 11 states. All stores and the website will remain in operation through January 2019, with new merchandise continuing to arrive…
September 4, 2018 at 12:35 pm
Almost every weather-related headline in the media or corporate annual reports focuses on the associated negative impacts for organizations. And there’s a lot to report: in 2017 alone, there were 330 catastrophic weather events, 31 of which each resulted in damages of more than 1 billion USD. Even "normal weather" impacts nearly every industry on…
August 22, 2018 at 11:16 am
1-800-Flowers.com announced yesterday the launch of a new gifting brand, Goodsey. PYMNTS.com reports Goodsey, described by its parent company as a perfect place for “gifting and wishing,” will feature unique items across a wide range of product categories. According to 1-800-Flowers.com, shopping on Goodsey will be a “fun-filled experience of exploration, discovery and delight” that will make…
August 21, 2018 at 5:46 pm
Amazon Prime Day is known as one of the best days of the year to pick up a new tablet or smart speaker, but this year’s event integrated a new element — groceries. A Whole New World Amazon.com's acquisition of Whole Foods last year rocked the grocery market, which had remained relatively unscathed by the…
August 16, 2018 at 10:18 am
Competing in a world dominated by digital powerhouses like Amazon.com makes it virtually impossible to excel without prioritizing effective merchandising — supported by the right tools, processes and people. Our focus at the e-tailing group has always been on merchandising, as we see it to be a key differentiator in digital selling. Therefore, we were…
August 15, 2018 at 10:02 am
August is here, and while many of us are soaking in the last summer beach days, back-to-school (BTS) season is already in full swing. BTS is the second most popular shopping season of the year, bringing excitement, nostalgia and, most importantly, sales. On the heels of the National Retail Federation’s 2018 BTS report, which forecasts…
August 14, 2018 at 9:40 am
Gross profit margin is — and will always be — a key metric in retail, as it enables you to make critical decisions around your assortment, inventory orders, pricing and promotions. For this reason, it’s important to not only measure your gross profit margins, but to continuously optimize them. Here are three tips to help…
