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Think Tank
Retail: Page 376
Retailers Continue Cautious Stance on Merchandise Imports, Study Finds
Import volume at the nation's major retail container ports is expected to increase 1.1 percent in June over the same month last year, reflecting modest growth expectations as retailers head toward the back-to-school and holiday seasons, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Carrier Transicold Debuts High-Efficiency Reefer Trailer Unit
Carrier Transicold has introduced the X4 Series of refrigerated trailer units for North America.
Saks Uses 2,000 iPads for In-Store Communication, Inventory Tracking
Saks Fifth Avenue is over halfway through a multi-year, multi-front, multimillion-dollar transformation into an omnichannel enterprise. The retailer has already deployed approximately 2,000 iPad tablets in its stores to facilitate associates' communication and engagement with customers, and will be launching an e-commerce site for its OFF 5TH outlet banner this fall.
SAP Reveals Plan to Acquire E-Commerce Software Vendor Hybris
SAP AG has announced that it plans to acquire Hybris AG, a Switzerland-based vendor of electronic-commerce software.
Targets Experiments with Four Different Fulfillment Models
Target CFO John Mulligan has confirmed that Target is in the middle of not one but four different fulfillment pilots, including acting as a guinea pig for the same-day-delivery trials of both Google and Ebay. The other Target trials involve pay-online-pickup-in-store, pay-in-store-pickup-at-another-store and pay-online-ship-from-store.
Who Cares About Conditions in Overseas Factories?
On March 25, 1911, fire swept through the Triangle Shirtwaist factory in New York City. One hundred and forty-six garment workers perished in the blaze, many of them trapped in the building because management had locked the exit doors. The youngest of the victims were 14. It was a horrifying tragedy, not atypical of working conditions during the so-called Progressive Era. Can we not, however, take comfort in knowing that those times are far behind us?
Largest Retailers Slow to Adapt to Needs of Omni-Channel Shopping Environment, Study Finds
Some of the largest U.S. and U.K. retailers are slow to adapt their store operations to changing consumer buying habits, according to a study by SD Retail Consulting, a retail advisory firm and unit of Hilco Trading, LLC. Surprisingly, the study found that 80 percent of retailers surveyed are not effectively training their in-store staff to accommodate the complex needs of the new multichannel shopper. The study surveyed Retail Operations Leaders from 35 leading retailers including Department Store, Specialty Retail, Big Box, Grocery and Convenience Store chains, mostly with revenues of over $1bn (50 percent of which are publicly traded).
Retailers Set to Spend Big on Omni-Channel Model, But ROI Is Uncertain
Retailers in the non-food sector, are set to invest some £5bn ($7.7bn) in making the transition to omni-channel over the next five years. A study by LCP Consulting, Retail Supply Chain Management: The Omni-channel Revolution, suggests that the "omni" revolution is accelerating with retailers, now spending on average the equivalent of three percent of annual turnover on the change.
Changes in Retail Increase Focus on Last-Mile Logistics
Jim Wicker, President of JW Logistics, talks about changes in the retail industry that are increasing the focus on last-mile logistics and the challenges this poses for both retailers and their transportation providers.
Consumers Want Choices and Convenience When Shopping Online, Study Finds
Release of the second UPS Pulse of the Online Shopper: A Customer Experience Study analyzes omnichannel retailing and shows consumers want more choices when it comes to shopping online, more control over when their purchases will be delivered and a convenient returns process. They're also using social media to shop for the best deals and expect more shipping options from e-tailers.
Descartes Systems Group Acquires Norway's KSD Software
Descartes Systems Group has acquired KSD Software Norway AS, a Scandinavia-based provider of electronic customs-filing applications for the European Union.
How the E-Commerce Revolution Is Transforming Supply Chains
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