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Retail loyalty programs are designed to keep shoppers coming back to the same stores, making repeat purchases, and remaining loyal. …
Sears Went into Bankruptcy—But Its Lavish Rewards Program Won’t Quit
09 Thursday May 2019
Amazon to Shut All U.S. Pop-Up Stores as It Rethinks Physical Retail Strategy
07 Tuesday May 2019
The recent and ongoing evolution of Amazon’s experiments with omnichannel retailing, as it moves out of cyberspace and into various …
TidBit: Will Marie Kondo De-Clutter Retail?
02 Thursday May 2019
Posted in Retail Tidbits
The KonMari cultural phenomenon—in which tidying expert Marie Kondo shows people how to keep their homes tidy and clutter-free—has taken …
Men Ditch Suits, and Retailers Struggle to Adapt
29 Monday Apr 2019
Posted in Chapter 13: Buying Merchandise
When it comes to office wear, the trends are inescapable: Once businesspeople were expected to wear only tailored suits. Then …
Target Updates App After Pricing Dispute
25 Thursday Apr 2019
Posted in Chapter 14: Retail Pricing
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Dynamic pricing offers great promise. It ensures that consumers get the lowest price if they are willing to sacrifice some …
TidBit: Calvin Klein Says Designer Fashion Is Over
22 Monday Apr 2019
Posted in Retail Tidbits
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In the fashion industry, the power of the halo effect has remained nearly unquestioned: Fashion brands introduce cutting-edge, daring looks …
Retailers Woo Customers with Shaky Credit
18 Thursday Apr 2019
Posted in Chapter 07: Financial Strategy
≈ Comments Off on Retailers Woo Customers with Shaky Credit
Credit providers traditionally seek out good credit risks—people with a strong track record of paying back loans and sufficient income …
Rent the Runway and West Elm Partner to Rent Customers Home Decor
15 Monday Apr 2019
Expanding beyond the designer gowns and fashionable work clothes that have established it in the market, Rent the Runway is …
New Job for Robots: Taking Stock for Retailers
10 Wednesday Apr 2019
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For big retailers, operating in omnichannel environments, accurate inventory assessments would require nearly constant reviews by human staffers—and even that …
Walmart Toughens Delivery Demands for Suppliers
09 Tuesday Apr 2019
Performance metrics are most effective when they are specific. Accordingly, Walmart is changing the way it assesses, rewards, and penalizes …