From February 2015

Retail Bankruptcies and Store Closings - What Do They Mean for Retail Workers?

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The recent announcement of Radio Shack’s bankruptcy is just one of many that have hit the retail industry in the past several months. In fact, in the past few months Wet Seal and Deb Stores also filed for bankruptcy and in 2014 many other retailers either filed for bankruptcy or announced major store closings. Take, for example, the anticipated...

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Successfully Interpreting Big Data

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2014 saw countless ways for retailers to collect and store data. Some have made good use of it, segmenting and targeting customers and rewarding loyal behavior with discounts and offers, but there’s still a lot of untapped potential. Retailers need to discover ways to make the data more useful and apply in ways that will make their marketing efforts...

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In-Store Enhancements – the Future is Now

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With websites and mobile apps making it so easy to buy from the comfort of your home, shoppers are drastically reducing visits to stores. Online sales already account for 8% of all retail sales ($291 billion). It’s predicted that by 2017, those numbers will jump to 10%, or $370 billion. Physical stores are in a position to capture some of those dollars on...

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How Return Fraud Erodes Your Bottom Line

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The National Retail Federation reported a staggering $10.9 billion loss in 2014 in retail income due to return fraud. This is based on numbers from 60 retailers surveyed. The holiday alone accounted for $3.8 billion of that amount. This is an increase of over $1 billion from last year. Much of this is caused by organized retail crime. Most retailers aren’t even aware...

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