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Think Tank
Retail: Page 401
Continued Growth Predicted for Global Environmental Market
Despite the embattled state of the global economy and resulting lack of political enthusiasm for tackling environmental and climate change issues, the $866bn global environmental market managed 4-percent growth in 2011, according to research by Environmental Business Journal.
U.S., Chinese Consumers Said to Be Willing to Pay More for 'Made in USA' Products
More than 80 percent of U.S. consumers and, perhaps more surprising, over 60 percent of Chinese consumers say that they are willing to pay more for products labeled "Made in USA" than for those labeled "Made in China," according to research by The Boston Consulting Group.
Most Retailers Aim for Consistency Across All Channels
Nearly 60 percent of retailers say delivering a consistent customer experience across all touch points is their number one priority this holiday season, according to survey results released by RedPrairie Corporation. And to help them meet this goal, 29 percent of retailers indicate they will hire more seasonal workers this year than last.
Theft Ring Victimizes Stores and Customers with Compromised PIN Pads
A ring of Canadian thieves who were caught with 30,700 stolen payment-card numbers is providing a view inside the process of tampering with PIN pads - and it's not pretty. On November 9, Toronto police said a five-man gang had tens of thousands of stolen card numbers on PCs and USB thumb-drives, along with at least a dozen stolen POS devices.
Report Says Smartphones to Play Prominent Role in Holiday Shopping This Year
Smartphones may be among retailers' strongest allies this holiday season, according to Deloitte's annual holiday survey of consumer spending intentions and trends.
Some Entrepreneurs Sour on 'Daily Deal' Coupons
Josh Neblett, co-founder and chief executive of online retailer GreenCupboards, is busy planning how he'll get the word out about his "eco-friendly" products during the holidays, including e-mail campaigns, Facebook ads, and joint promotions with suppliers. One item not on his list: The daily deal coupons popular in 2011.
Start-ups Confident About Their Own Profits in 2013, But Not About Economy as a Whole, Survey Finds
While a majority of start-up business owners do not believe the economy will grow in the next 12 months, 83 percent are nonetheless confident that their own profits will, according to the fourth-quarter Kauffman/LegalZoom Startup Confidence Index.
Who Knew - Circuit City and CompUSA Brands Still Around, But Not for Long
So much for the enduring power of big-box brands. On Oct. 31, the owner of Circuit City and CompUSA's brands decided to kill the online remnants of the former chains, redirecting traffic to TigerDirect.com.
Five Below Retail Chain Chooses Mississippi for Distribution Center
To help fuel its rapid geographic expansion, specialty value retailer Five Below has signed the lease for a new distribution center in Olive Branch, Miss. The 600,000 square-foot facility is the retailer's second DC and will allow the company to more quickly and efficiently supply stores in the South and Midwest with its range of products all priced at $5 and below.
Aldata Unveils Omni-Shopper Suite for Retail, CPG Manufacturers
Aldata has developed the Aldata Omni-Shopper Suite, an integrated set of software applications aimed at retailers and manufacturers of fast-moving consumer goods.
Stores May Be Prepared for Power Outage of a Day or Two - But Not for Almost Two Weeks
As Superstorm Sandy blew its devastating winds through much of the Eastern U.S. starting on Halloween, retailers had to deal with it just like everyone else. But few seemed to have anticipated the more than eight days - and more, in some cases - of outages, along with the gas shortages, closed roads, lack of food and water, plus the dead phone lines, lack of internet broadband access and dead cell towers.
JustEnough Software Introduces Promotion Management App
JustEnough Software, a vendor of demand-management applications for retailers, distributors and brand owners, has launched its new Promotion Management tool.
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